Recent Articles

All about a composite loan!

Sahil, a software engineer in Mohali (Punjab), intends to purchase a plot of land and build his dream house on it within 3 years. The price of land is Rs.50 lacs and he wants to spend another Rs.35-40 lacs for construction of house. He...


18 different taxes in India!

When you pay taxes, the pool of money collected, is used by the government for meeting running expenses and contributing towards the growth of the nation. These funds are allocated to various sectors like infrastructure, education, defence etc. and help in the development of...


How to save tax on Long Term Capital Gains?

Buying a property and selling it at a higher price later is very common. Since, most investors sell their property at a profit, every profitable sales transaction attracts a certain tax liability. The tax rate however depends on several factors. As the amount involved...


Know your Capital Gains when you sell a property!

You must have invested your money in property, gold, shares, debentures or mutual funds. The gain or profit made when you sell these investments are termed as capital gains. Since these are not annual accruals, these are treated separately for taxation purpose. This article...


BankBazaar Sweepstakes Contest!

Enter to Win a Rs. 2000 Gift Card from BankBazaar! WHEN? The BankBazaar Sweepstakes contest runs between August 14th to August 21st, 2014 HOW TO ENTER? 1. Like our FB page https://www.facebook.com/bankbazaar 2. Submit your Name, Age and Full Address in an email to...



Comparing personal loan & credit card!

  When in need of urgent cash many people resort to taking cash advance from their credit cards. It is interesting to note that unless the outstanding amount is settled in time the credit cards charge up to 45% interest on annual basis on...


The Banking Ombudsman!

Banks are trusted establishments where you deposit your money for safekeeping. The account holder has the right to withdraw deposited funds and use the bank’s services associated with his account. During this time when the deposits are held with the bank, a customer builds...


What is EMI and how is it computed?

EMI is an oft repeated term that is associated with any loan taken. Let us understand how EMI works and what are the different aspects associated with EMI. TheEMI facility helps the borrower plan his budget. The EMI is calculated taking into account the...


Facts to know before you lock your life insurance cover!

A Life Insurance policy ensures that your family is financially secure in your absence. It protects your family from financial distress or loss of income even if tomorrow you are no longer around to care for them. How much life cover should I take?...