Mar
5
Prepayment penalties imposed on banks when people try to clear off their loans early – no resolution
March 5, 2010 | Leave a Comment
If you have taken a home loan, then you wonder at the huge amount of loan outstanding, as well as the number of EMI’s that have to be made (these EMI’s could be large sums of money that would go over many years, possibly over a decade or more); but it is worth it if [...]
Mar
3
Police official ordered to pay compensation by Human Rights Commission for interfering in a money dispute
March 3, 2010 | Leave a Comment
In India, police officials tend to believe that they have a huge amount of power, and they are not shy from exercising this power. There have been a huge number of cases in the past where police officials have been accused of using their influence in a negative manner, and in many cases, there have [...]
Jan
27
Learn more about Fixed Maturity Plans – Article on Economic Times
January 27, 2010 | Leave a Comment
Fixed Maturity Plans were all the hot thing a couple of years back, especially in the year 2007. They were advertised as plans that offered ‘guaranteed’ returns, even though the regulator did not allow fund companies to announce guaranteed returns, only advertise the returns as indicated returns. FMP’s are actually similar to fixed deposits in [...]
Dec
15
Insurer to pay after order by High Court
December 15, 2009 | Leave a Comment
One of the biggest issues in cases involving insurers is when the insurance company refuses to pay up and the person is depending on the money from insurance; typically the insurance company will either plead that the person was responsible for the situation in which there was need for insurance, or that there was something [...]
Nov
27
Airline charges extra for child, told to compensate
November 27, 2009 | Leave a Comment
Quite a few times, consumers get stuck in the dispute around being promised something when they are placing the order; and when they go for delivery, at that time, they do not get what was promised. This can cause them great inconvenience, and also expense; and it is at such times that consumer forums help [...]
Nov
21
Number portability to cost only Rs. 19
November 21, 2009 | Leave a Comment
For some time now, the TRAI has announced that India will have a system that allows number portability, just that the date by which the system has to come into operation keeps on getting delayed. Number portability is a process by which a consumer can get to keep their number while changing their service provider; [...]
Nov
21
Determine if your cellphone is fake – phones with fake IMEI to be banned from 1 December
November 21, 2009 | 1 Comment
The Indian cellphone market was inundated with a huge number of fake cellphones. These cellphones, made in China, met a need of the market since they were much cheaper than the large brand cellphones, and yet provided facilities that were only available in the much more expensive cellphones. However, there was a major problem with [...]
Nov
14
Site / Link about child insurance policies
November 14, 2009 | Leave a Comment
Why would you consider an insurance policy for your children ? After all, children are not likely to earn an income for some time, so why would you want to have insurance for your children ? However, consider the insurance policy as an investment scheme that will provide for them as they grow up, and [...]
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 [...]
Oct
9
Indian telecom tariffs operate on what is called as the pulse plan, which is typically pegged to minutes, and call rates are based on these pulses. So, for example, if the pulse rate is pegged to 1 minute, then whether you speak for 5 seconds, or whether you speak for 55 seconds, you will get [...]
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