As banks continue to raise their rates on interest offered on fixed deposits, interest rates have swelled up like never before. Senior citizens are benefiting the most as they are the ones on the highest peak of the receiving end. In such a scenario, while it may seem quite alluring to get rid of your… Read More »
It is not uncommon for parents in the country to open a fixed deposit in the name of their child as soon as he/she is born. However, in following this routine practice, parents have forgotten that before making any investment, it is mandatory to verify the impact the fund will have with fluctuations in the… Read More »
As an investor, in order to derive maximum benefits from the market, you need to swear by the golden principle of diversification. Make investments in a range of funds offered by an array of mutual fund houses, that aren’t just limited to your area or region. Although this idea may seem a little wild, do… Read More »
Term deposits of banks are expected to outperform their benchmark with an outstanding performance, owing to a rise in the surplus of liquidity that has been wasted in one hand, but on the other hand, it has increased the demand for bank funds in the country. All term deposit rates will rise with a subsequent… Read More »
What exactly are Forex prepaid cards? Those cards that are pre loaded with funds and are issued by banks and Forex dealers are called Forex prepaid cards. This plastic cash, unlike any other general credit cards, provide you with the facility of purchasing your required goods or services from any part of the world no… Read More »
At a time when the market is prone to constant fluctuations and a behavior of volatility, it is difficult for fund managers to cash on constant profitability for clients. The demand for fund management charges cannot be justified when the fund is unable to draw on profit. In order to combat such a scenario, it… Read More »
Although we all are aware that online transactions with credit cards are highly susceptible to net frauds, we continue to live in denial. Remember the times your heart jumped joyously when you received a mail from the Reserve Bank of India stating that your application for tax refund has been accepted and the RBI will… Read More »
The thought of helping a friend seems to be a very noble gesture. But if the matter involved in the act includes something dealing with a loan it can get a little complicated. For example, let us take a situation. If you have friend who requires a loan and asks you for being its guarantor,… Read More »
All credit card users must follow one golden rule when it comes to having a successful credit card run: thoroughly inspect and analyze the terms and conditions before signing up for any credit card. Else, you may find yourself in a whole new world of debt and financial turmoil. In case you skip your monthly… Read More »
Most investors fret about the fact that they might lose out on their investments and might have to opt for loans like a personal loan or a home loan to finance their financial requirements since investing in Equity linked Mutual Funds is quite a risky proposition. Then finally end up being risk averse investors and… Read More »