The Rameshs currently are saving/investing only about 14% of their total income. This is way below the national average of 28%. They need to create a budget tracker and enter details on a regular basis to find where they are spending more. They need to start this immediately as they will face a severe cash… Read More »
Some banks have indicated that because of sufficient liquidity in the system at this point, they may not hike the lending rates. This would mean loan customers need not worry about increase in EMs at this point. But sooner than later, hike in lending rate is imminent. So loan customers, be prepared for your EMIs… Read More »
Use chip based credit cards. These cards offer better security than credit cards with black magnetic stripes. This is because in a chip based card, all information is stored in the small chip in encrypted format and it also uses a PIN. This makes changing or copying this data extremely difficult. So, the chance of… Read More »
The recession taught Indians value of money. So how to manage/use the salary hikes in an effective way so that it brings a fruitful return? Is it the time to splurge or go slow? Or is it prudent to continue with the austerity measures that one discovered during the lean time? Now, is it really… Read More »
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 »