Tag Archives: Deposit

Debt fears over new car deals that only need a £300 deposit: Concerns controversial plans have helped fuel borrowing binge

Fears of a dangerous debt bubble are growing as motorists drive off in new cars after paying a deposit of just £319. Britons spent £3.6billion on car loan deals in March alone, up 13 per cent on a year earlier. But most new car ‘buyers’ actually use loan deals to rent the vehicles. A £12,000 Smart ForTwo car can be ... Read More »

23% Jan Dhan Accounts Still Without Balance, Deposit Surge Abates

The upper limit for deposits in Jan Dhan account is Rs. 50,000. New Delhi: Despite a huge surge in total deposits in Jan Dhan accounts following demonetisation, about one-fifth of these still continue to have no balance. Net addition in the 25.8 crore Jan Dhan accounts was just Rs. 288 crore during the week ended December 7, taking total deposits ... Read More »