Now, you might assume that the equal parts of the principal and interest is repaid to the financial institution every month, however this not the case. During the initial years the interest component repaid is higher and during the latter years of repayment the principal component is higher. So, if you think you have paid… Read More »
The New Pension Scheme is an investment option which will help an individual, plan for his or her retirement. The key difference between the old government pension scheme and the New Pension Scheme is that the old pension scheme was based on a defined benefit principle and the new pension scheme is based on a… Read More »
Often people opt for loans due to its ready availability without giving thought to their other financial commitments. Also, they fail to account for an emergency fund and a savings plan. This could fall into perspective once a summary of a person’s credit repayment is available in a single log.
There is a lot of difference in dividend from shares and dividend from mutual fund. The dividend from shares is given from the profit of the company. It shows the company’s robust performance and strong balance sheet. On the other hand, dividend from mutual fund is declared only to reduce the NAV of the fund.
As per RBI circular dated 14th May 2009. There are 926 branches all over India that have been entitled to accept the advance tax payments. Of these, 862 branches belong to public sector banks, 35 branches belong to HDFC, 19 are AXIS bank and 10 are ICICI branches. So you can walk into any of… Read More »
A refund banker is a scheme in which a particular bank has been sanctioned to issue refunds on behalf of the income tax department. State Bank of India is the authorized banker to this scheme. The refunds are issued in the form of cheques/drafts or ECS.
Now here is the big issue. Despite the company having received such a large number of bookings, the company’s current production is only 50,000 units. However this number is slated to increase once the company’s slated plant at Sanand (Gujarat) starts functioning. In the initial round, while 50,000 people would be allotted the car, the… Read More »
You should find out whether the coverage offered by the home insurance company is automatically adjusted as a protection against inflation otherwise he/she should review the policy. Also, you should ask for optional coverage if dwelling in areas frequently impacted by floods and/or earthquakes.
The loan amount you can avail for this loan depends on the value of the property, which you place as your collateral for the loan. This can range anywhere between 1 lakh and 3 crores. This comes with the risk of giving up your home if you are unable to repay the amount in full.… Read More »
The high selling point of the Nano at this point in time, is the extremely affordable price tag and the fact that it looks quite fetching in terms of looks and gives consumers the snazzy feel of commuting in a hi-tech “cool” car. It comes with an Engine Management System (EMS), components of which have… Read More »