This category will have all articles related to Banking, Fixed Income Securities and Other Debt Instruments
Need for Credit Score When lenders offer loans to borrowers they have to ascertain the veracity of claims made by borrowers of their earnings and other credentials. It becomes difficult for lenders to check the authenticity of the claims made. This assumes humongous proportions when thousands of borrowers apply for various types of loans. In […]
Your smartphone is not only used to make and receive calls. Technical development now offers several applications that allow you to use your phone for completing several tasks. Here are eight ways in which you may use it for your benefit. Payments The demonetisation drive in November 2016 has boosted digital payment gateways. In addition, […]
You may think that you are too young to start making a bucket list. However, if you wait until later, there is a chance that there will not be sufficient time to achieve your dreams. A bucket list is all those things that you want to try, life experiences you want to enjoy, and the […]
Most of us have our first savings account opened when we turn 18. Consider it a parental guidance or mental conditioning, we like to ensure that our money is safely parked at a bank. The interest on savings account has significantly declined over the years. Despite the low rate of interest, people still prefer holding […]
The Reserve Bank of India has increased the investment limit of FPI in government bonds along with tweaking rules to attract more long term investments in future. The central bank has increased the limit of investment in FPI by Rs. 110 billion. Now the Foreign Portfolio Investors limit is 4.7% or Rs. 2.42 trillion. Earlier […]
Introduction Let us try to list some of expectations of an investor from an investment product: Income tax benefits: The product should offer income tax deduction benefit at the time of investment and the returns on maturity should be tax free. Returns expectations and risk involved: The risk involved should be low and the returns […]
In this article we list the small saving schemes interest rates (or post office schemes as they are popularly known as) for the last 5 years. As you must be aware, the Government now revises the interest rates payable on small savings schemes on a quarterly basis. Following are the interest rates that are payable […]
In this article, we explore i2ifunding, a P2P online lending platform through which you can give loans to individual borrowers just like what banks / NBFCs do. But the difference is you can get up to 100% principal protection against loan default by the borrowers. Lack of investment options If you are looking to invest Rs. 50,000 […]
Introduction The year 2011 was not very good for the Indian equity markets. The market indices Nifty 50 and Sensex 30 ended with losses of around 25% and the losses in most individual stocks were even higher. The New Year has arrived and it is February and tax planning season has started. Like his annual […]
Public Provident Fund - PPF - comes with lot of features like safety, flexible minimum and maximum deposit amount, income tax benefits, good returns, long tenure, loan and withdrawal facility and other miscellaneous features
National Savings Certificates (NSC) Introduction This article explores the features of National Savings Certificates (NSC). NSCs as an investment instrument are good for people who want to invest a lumpsum amount for a fixed period of time for a specific financial goal. This goal can be accumulating funds for children’s education or children’s marriage. NSC […]
Flexi Deposits – Hybrid Product combining Features of Fixed Deposit and Savings Account Savings Account V/s Fixed Deposit Rahul has a salary account with Bank XYZ. Rahul is upset that he has always been maintaining a very high balance in his savings account with the bank; but at the end of 6 months all he […]
ICICI Advantage Deposit – Product Review Introduction Ramesh is a risk averse investor. Over the last many years he has been investing in traditional investment products like Bank Fixed Deposits and Government sponsored schemes like Public Provident Fund (PPF), National Savings Certificate (NSC) and various Postal Office Schemes etc. He was happy with the returns […]
Capital Protection Products Introduction When the markets fell due to the subprime crisis lot of people saw most of their spectacular gains made in the last 1 or 2 years wiped out within months and infact they were staring at losses. Such was the shock and panic that investors started to give markets a complete […]
Section 80C: There are various tax saving investment products available in which an individual or Hindu Undivided Family (HUF) can invest for returns and at the same time save tax. The government, in order to encourage savings among people, gives tax benefits for investments made in certain financial products. These financial products are covered in detail […]