Rising inflation rates when the economy is on the way of recovery may pressurize RBI to hike the policy rates along with Cash Reserve Ratio (CRR) still more. This increase is most likely to occur on 20th April 2010 when the RBI is set to introduce the monetary policy for this financial year, bankers said.… Read More »
Despite anticipations of an increase in interest rates, Public sector bank, Bank of India (BoI) has reduced rates by up to 75 basis points on fixed deposits of Rs 1 crore and more. A statement released by the bank says, “The revised interest rates on Domestic Rupee Term Deposits of Rs 1 crore and above… Read More »
A life insurance mutual fund with good (at least 20 times the premium) life cover is advisable for the long term requirements of child’s education. This needs to be started immediately after birth to get the benefit of long term investing. A monthly mode may be preferred for salaried people. Today’s engineering education costs about… Read More »
Parasailing in Goa, is an exciting water sport option. As you soar in the air and let the cool air to gently touch your face, the excitement really kicks in. In Goa you can parasail in two ways – winch-boat parasailing and beach parasailing. Winch-boat parasailing is usually done alone and it takes you high… Read More »
Flights are available from Delhi which ranges from Rs 6500-13000. Flights from Chennai to Leh costs around Rs 9000-13500, from Mumbai to Leh costs around Rs 8500-12000, and flights from Kolkata to Leh costs around Rs 9500-11000. From Delhi, taxis are also available which cost – Indica (4 people) 12,000 and Qualis (6 people) 15,000.
Earlier, any deposit in the account between the 10th and the end of the month, would not earn the account holder any interest as it is not part of the interest rate calculation. Any withdrawal between the same period, would result in lower interest income as the lowest balance would be taken into account for… Read More »
Now remember guarantees and stock markets don’t mix. The returns from the equity markets are not guaranteed. So in order to give you guaranteed returns these plans tend to shift their portfolio between debt and equity in such a way that that the plan’s highest NAV is locked by shifting a part of equity assets… Read More »
Private sector bank Lakshmi Vilas Bank has said it has recorded a total business increase of 22.79% at Rs 15,561 crore for the financial year ending 31st March, 2010. Last year, the bank’s total business was worth Rs 12,673 crore. In a statement, the bank says, “The total deposits of the bank rose from Rs… Read More »
It is important that you read and understand the reward offers completely. Say Mr. Gupta had earned 10,000 reward points on his credit card. When he went to redeem these points he was in for a surprise – his reward points had expired in the previous month. Since he had failed to read the fine… Read More »
Now, with implementation of DTC, PPF will come under the EET (exempt, exempt, tax) regime. Under the EET model proposed by the DTC, contributions to PPF would be taxed at the time of withdrawal. However, balance accumulated or investments made till 31 March 2011 and the interest they earn will not be taxed. Hence only… Read More »