We all trust our bankers blindly and a lot of us are totally unaware of the charges that bank levy and have never checked whether their bank announces them transparently. They always ride on consumer trust, apathy and ignorance. Unfortunately, a large discerning group is aware about the many charges and they entrusted bank that […]
Settle your Financial Portfolio before leaving the country
Today, it is common for people who have the opportunity to enhance their income, working in abroad thanks to recently appreciate dollar in terms of Indian rupee. Before moving abroad, there are certain aspects that you must see and to do home work to keep your existing finances in order. Because, it is very difficult […]
Create a Ladder with Fixed Deposits to get Regular Returns
Amid volatility in the stock and money markets, the four letter words, ‘Risk’ always associates with them and drive you away from the stock market and lands towards bank fixed deposits which are safe-haven at all the times. These days bank fixed deposits are giving better returns than mutual funds and fixed maturity plans(FMP) […]
Define Purposes before Set your Goals!
Most people have not really thought through the purpose of money in their lives. They are too busy in making, spending and worrying about it. While asking these people in the affluent middle-class, the so-called mass affluent, what is the specific about the purpose of their money in their life? They tend to talk about […]
How can You avoid Cascading effect on Gifts Received from your Relatives?
Death and payment of taxes are always painful. So, one question that goes through in the mind of every tax payer is “how can I minimize my tax liability?” Since, minimize tax liability is not always a bad or illegal exercise, unfortunate, there is also a tendency to reduce tax through malpractices or colourable methods. […]
Review of Health Assure Plan from HDFC Life
HDFC Life Insurance Company Ltd is the largest Life insurance company to join the ever growing list of health insurance companies in India. HDFC Life has first time come out with a comprehensive pure protection health insurance plan that reimburses medical expenses incurred in a hospital by the name of HDFC Life Health Assure Plan. […]
Tax Liabilities for Salaried employees do not end at TDS
There is a misconception in all individuals including salaried employees whose tax liability after deduction of their TDS during the financial year is more than Rs10,000 hence, they are not liable to pay advance taxes. They sit relax on that TDS has to be deducted by their employers on their salary earned during the financial […]
Have you considered Inflation on Life Insurance?
You must have life insurance cover and must be paying a fixed premium for the stipulated period of the policy while, the value of sum assured stays static. Whether one dies tomorrow or 20 years from now, his beneficiaries would still receive the same amount of insurance settlement. For this reason, choosing the right sum […]