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 »
Anxiety, cheer, joy, worry, nerves, confusion, clarity, lack of clarity – these are the range of emotions that engulf us the moment we start thinking of buying our first home. Irrespective of our financial standing, a first home has a very special emotional place in our heart. Then, why should it be a cause for… Read More »
The end of July rush is the expected norm every year, when tax returns need to be filed! Most people wake up to the need of filing income tax returns only around this time! The IT department has over the years introduced many measures, which take advantage of the available technology to make the process… Read More »
The whole nation is obsessed with the rise and fall of the sensex whether or not people are directly or indirectly associated with it. With the increase in economic activity in the nation sensex has become a household term which is keen followed by millions everyday. The exact methodology employed to calculate the figure of… Read More »