Are you wondering how to save tax this year? Are you confused about what you can give as investment proofs to your employer? Submitting investment proofs to your employer for tax saving can help you save money. Read this handy guide and we’ll tell you why investment proofs are important, what you can submit as proof and even what you can do if you don’t submit proofs to your employer.
Most of us hate standing in long queues or commuting to the bank for little things like submitting documents or forms. That’s why the introduction of banking apps has been such a boon. Interactions with the bank have never been more convenient! Although online banking is quite convenient, there’s no denying that mobile banking apps have made life even easier.
The Employees’ Provident Fund was started with the aim of improving the quality of employees’ lives and to offer them social security. However, not all of us might have the required information about EPF offices or know how to reach out to them when in doubt. Here’s a guide that will help!
Asset allocation is an important investment strategy that will help you reduce your overall risk in investment through diversified allocation of assets into different asset classes. Using this strategy, you can balance risk against reward by adjusting the percentage of each asset in your investment portfolio.
You’ve probably heard it so many times, you now know it by heart: A well-diversified portfolio is the best way to minimize your risks! But is it as simple as that? Of course not! For starters, one would do well to analyse how diversified your portfolio should be without going overboard and ending up acquiring an over-diversified portfolio which could be counter-productive in more ways than one.
Banks these days offer a sweep-in facility on your Fixed Deposits which can help you save money. You can also opt to have a flexi deposit option on your Fixed Deposit which combines the features of both fixed and savings accounts. Know which of these will be a better choice for you.
Wouldn’t it be great to know that your loved ones won’t face any financial instability in the event of your demise? A Term Life Insurance policy provides a certain sum as reimbursement to your nominees if you aren’t around. You may be confused about when the right time to buy a Term Life Insurance policy is. We’ll help you decide and tell you what factors to consider when you’re ready.
More often than not, we promise ourselves impractical resolutions which only set us up for failure in the long run. However, there are better chances of succeeding by simply keeping in mind a few factors; namely, foresight into what you aspire to in terms of financial health in 2016 and the discipline to create it. Now is the perfect time to begin and sort your financial planning for the coming year.
The Chennai floods had a devastating effect on the city and surrounding areas and though the floods have receded, the battle isn’t over yet. The next step is to rebuild and help the city recover. Towards this end, Bank Bazaar launched a program to help the citizens of Chennai. The company will contribute Rs.1000 to Habitat for Humanity India on every home loan disbursed between 1 Jan – 31 Mar, 2016.
A Unit Linked Insurance Plan is an insurance plan that offers you a life cover and is also an investment. In a Unit Linked Insurance Plan, part of the premium that you pay goes towards giving you a life cover and the remainder of the premium is invested for you by the insurance company. Read this guide to learn all about Unit Linked Insurance Plans.