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 [...]
Sep
27
Builder asked to refund payment along with compensation for non-delivery of shop
September 27, 2009 | Leave a Comment
Part of the problem with the realty market is the total lop-sided nature of the market; buyers typically do not have much information about various aspects of a property:
- Whether the builder has the requisite permissions
- Whether the builder is totally in the clear
- What is the past record of the builder
- Does the builder [...]
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 [...]
Jan
4
Consumer forum fines ICICI bank
January 4, 2009 | Leave a Comment
For some time now, consumer forums have been ruling on unfair practices carried out by banks, with ICICI Bank being one of the banks having been penalized in the past for various actions that have gone against consumer practices. In this case, a forum ruled against the bank after it was disclosed that the bank [...]
Jun
29
Higher home loan rates – what can you do ?
June 29, 2008 | Leave a Comment
The rise of interest rates has been a steady factor for the last couple of years. There was a time just a few years back when it seemed that interest rates would reach historically low levels, and banks had started offering housing interest rates at levels as low as 7.25%. For people looking to buy [...]
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