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 »
When you decide to build your portfolio, the first step is to find out what your financial goals and requirements are. The next step is to categorize them into short and long term goals. Requirements like buying a laptop, or going for a vacation abroad etc should also be included. Once you are done with… Read More »
Customers these days are smart and well-disciplined when it comes to financial matters. People are increasingly wary of the need for good and steady financial behavior. They are no longer highly susceptible to the fallouts of credit card houses by way of tricky credit card interest rates or other suspicious clauses of your terms and… Read More »
Decide what you really need by making a list before you venture out. And keep looking at that list while you wander around, so that you’re aware of what you really need, and what you like the look of. Make sure to be armed with only a limited amount of cash and ensure that you… Read More »