The long awaited cut in rates finally happened in the April 17th RBI policy review when the central bank cuts it CRR by 50 bps to bring it down to 8%. From a very harrowing hike spree last year that lead to nearly 13 rate hikes in 18 months the situation became stable only in… Read More »
Almost all of us in this world are so focused in creating wealth that we hardly get the time to think about how our loved ones will get the wealth created by us if we are not there. This has landed many a loved one in trouble – starting from high cost of getting what… Read More »
Sunil had seen a lovely apartment and he was in a hurry to buy it. As he did not have sufficient money to purchase it, he settled for the lucrative loan offer from a bank. Unfortunately, after some time, he found out that he was paying more towards the loan than his other friends. When… Read More »
Saving account (SB) has been the unique link that joins a common person with a bank. It has come up with lots of changes from the past when people had the choice of few banks that too with one type of saving bank account in an offer. Now people have a variety of options to… Read More »
It is a known fact that one cannot foresee what future has in store! Life is so uncertain that one cannot predict whether the next moment he/she will be alive or not. Keeping this perspective in mind, it is better to be prepared to face future uncertainties ahead! An excellent way to do this is… Read More »
Each type of account requires a minimum balance to be held in that account in order to avail the services offered on the account. The minimum balance required varies as per the account and services being offered. However at times the banks may change their rules and raise the minimum amount required to be held… Read More »
Many people are ignorant about the fact that their tax refund status can be easily ascertained online with a few simple and easy steps by entering the PAN number. The ‘Refund Banker Scheme’, which was first introduced by the Income Tax Department in Jan 2007, can be used by tax payers all over the nation… Read More »
Given the volatility of financial markets all over the globe, SIPs have now become the preferred means of investment for the common investor who does not have the adequate risk appetite. Opting for SIP would mean investing regularly over a period of time. The time frames for investment is fixed at time of taking the… Read More »
Life insurance is a commercial contract between the insurance policy proposer and the insurance service provider. However, apart from customized plan of insurance policy and its coverage, there are wide ranges of insurance policies available in market under different flagship brands. Although the aim of all insurance policies are almost the same, which is providing… Read More »
RBI’s decision to slash the SLR rate by 100 basis points to 23 percent has pleasantly surprised many. Banks had witnessed tight liquidity position in last few months, but the current move by RBI would ease the pressure, to some extent. The effect of RBI’s step has been taken immediately by the State Bank of… Read More »