In case you are caught up in any scenario where your credit card has been stolen, or you have lost or misplaced it, your first instinct must be to report it immediately to the bank’s call center. If you do not take any prompt action, then you might find yourself with a massive outstanding balance, for… Read More »
SEBI has initiated the move to allow investors be charged with a fee while they invest in Mutual Funds. Distributors can be charged Rs100 as transaction fee per subscription. Those who are first time investors need to pay Rs50 extra. For small investors, whose investments do not exceed more than Rs10000, no charges will be… Read More »
People, especially senior citizens, who depend on interest income, have been forecasted to see difficult times in future owing to a decline in deposit rates. While deposits have already witnessed a debacle in the past few months owing the global meltdown, fixed deposit rates are expected to slither further down. The main reason behind this… Read More »
If you belong to a class of investors that had flocked to equity-linked savings scheme (ELSS) in order to see a decline in their lax liability, then the arrival of Direct Taxes Code has just played spoilsport. In effect from April next year, ELSS funds will no longer enjoy any tax benefits that were earlier… Read More »
Shared ATMs are one proposition that has made life so much easier for a card holder. Now you are not restricted to withdraw money only from your bank’s ATM. With the help of shared ATMs, you can now access your account and withdraw cash using your debit/credit card for this purpose. This has become possible… Read More »
As one section of investors continues to worry about the rising rates of interest on various loans like the car loan, home loan etc, there is another section that is rejoicing this hike as it eventually leads to a rise in the interest rates of fixed deposits offered by banks in the country. In such… Read More »
Buying a home is unlike buying any other item. First, this is possibly the most expensive purchase for us and secondly, the pricing structure includes many components thus making it complex to understand. Most of the time, home buyers take a loan to purchase a home and pay EMI for the next 10-20 years. Essentially… Read More »
Note that knowledge of current personal net worth is essential to make financial decisions. It is important to reevaluate personal net worth while making any important financial decision as the value of assets and liabilities is likely to change. Also, net worth should not be considered in isolation. It is a good idea to consider… Read More »
You might have seen a lot of lending institutions throwing away lucrative advertisements marketing their zero interest loans. But have you ever wondered how does this mechanism actually work? It is the interest along with various other costs that the bank benefits from, so how can the banks slash off the interest rates? Moreover these… Read More »
Many a times, when we are under time constraints, we get quite irritated when the banking systems or ATMs ask our password twice. It does seem to consume a lot of our precious time but these extra few minutes of authentication is carried out so as to protect you from any kind of fraudulent practices.… Read More »