Oct
12
Banks setting limit on withdrawal from other bank ATM’s
October 12, 2009 | Leave a Comment
On April 1, 2009, the RBI brought in a move that was supposed to remove the restrictions on using the ATM’s of other banks. Before this move, if you wanted to use the ATM of some other bank, then it would cost. These would include a direct to the customer for checking account balance, or [...]
Sep
28
Facts about down payment for loans
September 28, 2009 | Leave a Comment
You go for buying a house, and are not fully conversant with what all this means. There is a nice house that you are seeing in a metro, and it costs around Rs. 40 lakhs for you to buy this house. A lot of people do not have the money to buy such a house [...]
Sep
28
Personal Finance – Loan insurance
September 28, 2009 | Leave a Comment
Even though the trend of loan insurance is gaining in importance nowadays, there are a large number of people who are not aware of what loan insurance is, and why they should take loan insurance when they take a loan. So, what is loan insurance ?
Loan insurance is a safety valve you have when you [...]
Aug
19
Individual finances: How to manage when loans are killing you
August 19, 2009 | Leave a Comment
I read an article that took a situation where a person was in real trouble financially, and what the person can do in such a situation that could help. The situation was one that many of us can relate to – in times of good money and a good job, your finances and projections for [...]
Aug
9
Mistakes commonly made by equity investors
August 9, 2009 | Leave a Comment
Everybody makes mistakes in the equity market, so one cannot blame retail investors for making many mistakes. Even acclaimed mutual fund and hedge fund investors have made mistakes over the years, but that does not excuse the retail investors from trying to learn about the mistakes that they keep on making so that they reduce [...]
Aug
9
Finance: Safety vs. risk in terms of investments
August 9, 2009 | Leave a Comment
One typically hears of cases where people have invested money in dubious investment schemes run by scheming and smooth investment gurus who actually end up duping people of their hard-earned money. These smooth operators typically get caught, but this is no consolation for those people who lose their money in these schemes. Similarly, people end [...]
Aug
9
Obtaining duplicate copy of documents
August 9, 2009 | Leave a Comment
People encounter this problem once in a while. You have invested money in a Fixed Deposit, or in Mutual Funds, or some other such investment method (including investing in a private company). Suddenly you find that you cannot locate the proof of such an investment (you could have lost it, it could have got destroyed [...]
Aug
9
Bank charged penalty for charging older customer more than newer customers
August 9, 2009 | Leave a Comment
It is an established business fact that when banks give loans to their customers, they normally treat newer customers more attractively than they treat older customers. The terms and conditions of the loan specify for floating rate loan that banks can charge customers more (either by increasing the EMI amount, or the loan duration) if [...]
Jul
30
Safety feature – Online Credit card usage
July 30, 2009 | Leave a Comment
If you have ever stopped to look at the online credit usage you would have done (including reviewed the information you were asked to provide), it would seem extremely easy to use somebody’s card and use it for buying stuff. What is it that you need to provide in terms of information when using your [...]
Mar
27
Information about Senior Citizen’s Scheme, 2004
March 27, 2009 | Leave a Comment
As the time for income tax comes close, investment into the right instruments is critical. As events of the past one year have shown, investment into the stock markets have a factor of risk that needs to be factored in. This is even more important for senior citizens who are more averse to this risk, [...]
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