What is a utility bill? The bills such as electricity bill, telephone bills, mobile phone bills, etc. are referred to as utility bills. Usually these bills have to be paid in their respective offices on or before the due date. Standing for hours in a queue to pay an electricity bill or telephone bill is… Read More »
Once while chatting up with a friend over tea and hot pakoras, the talk moved towards how expenses have shot up and how difficult it was getting to manage our family budgets. My friend just shrugged and said, “Well, those are concerns of my wife. After all, she is the finance minister of the house”.
With the advent of affluence and prosperity ushered in by economic liberalization there has been steep rise in number of Indians wanting acquire one or more houses in urban localities. This has further led to marked increase in prices of real estate across the country. Every earning individual in India today contemplates owning dream home… Read More »
Personal loans are among most easily accessible capital when one needs it. The processing is faster and the requirement of documents is relatively simpler. Any persona with a decent credit rating and repayment capacity can avail such a loan in a matter of hours from any financing institution. However the rational utility of taking such… Read More »
Owning a car through the car loan route is simple and easy process that many people prefer over saving money to buy one. There are many circumstances when such customers are unable to repay the installments of loan in time leading to a default situation. There is a lot of anomaly in understanding the… Read More »
The Reserve Bank of India in the beginning of September 2012 has directed all banks in India to issue uniformed featured cheques which as per specifications of the Cheque Truncation System (CTS) 2010. This is with a view to standardize the procedures and provide a safeguard against frauds through uniform security features. The RBI also stated… Read More »
“Inflation” is the one dreaded word that can shake the confidence of economists, investment bankers, policy makers and even the government! Well, the harsh reality is that if the economy is growing inflation will definitely raise its head to haunt you. Let’s try to explore why it is such a dreaded word and is there… Read More »
Cobranded credit cards work on brand partnership, when two companies form an alliance to work together, creating marketing synergy. For e.g. : Citibank credit card and Shopper’s Stop have an alliance. They are credit cards, which are associated with particular airlines, travel or retail outlet. These cards can be used just like regular credit cards… Read More »
Owning a home gives you a sense of pride and liberty, but also many responsibilities. For a first timer, it would be a rather complicated process, especially ‘saving’ for down payments. The savings for a home purchase can be started at any time, much before you seriously start shopping for a home. With the RBI… Read More »
FoF is a mutual fund that invests in other mutual funds belonging to the same fund house or belonging to other fund houses. Basically, it is a collection of different mutual funds. These funds can be either debt or equity depending on the objective of the FoF. The FoF in India is Franklin India Dynamic… Read More »