What Supreme Court’s judgement on applicability of PF contributions means

March 20, 2019

Parizad Sirwalla The Supreme Court (SC) on February 28, 2019, delivered a judgement (disposing off multiple appeals) on whether the special allowances paid by an establishment to their employees would form part of basic wages and consequently attract Provident Fund (PF) contributions. Although there have been past rulings by the SC on this subject, this […]

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Should you invest in small finance bank FDs to earn higher rates

March 12, 2019

Bank fixed deposits are the most popular investment choices among retail investors, as they offer guaranteed returns. While investing in this secured financial instrument, the first thing the depositors look for is the higher interest rate being offered on their deposit. However, higher interest rates may come with certain risk factors. Small finance banks often […]

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Should you opt for bank locker insurance by IFFCO Tokio GIC?

March 9, 2019

We fear that our jewellery and valuables may not be safe at home and so we put them in our bank lockers. But what are the chances of your bank locker being broken into? Barely negligible, but it did happen a little over a year ago.  And where there is risk- even a minute one- trust […]

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SBI home loan: 2 days left to avail home loans at ZERO processing fee from State Bank of India

March 1, 2019

New Delhi: State Bank of India (SBI), India’s banking giant, offers the facility of regular home loan, home loan balance transfer, home loan for Non-Resident Indians (NRIs), home loan, flexipay home loan, privilege home loan. According to State Bank of India, SBI home loan in 2019 includes the options for the purchase of ready built property, purchase […]

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Be cautious of over leveraging while using multiple credit cards: Yes Bank

February 26, 2019

According to TransUnion September 2018 quarter report, Indians have 3.69 crore credit card accounts (up by 31.7% in the same quarter a year ago), outstanding balance of Rs 84,400 crore (up by 35.8% for the same quarter a year ago) and the average balance per credit card holder was Rs 46,000 (up by 8.1% for […]

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How much you save is more important than return on investment

February 14, 2019

Most people prefer to focus on their investment returns and it’s natural to do so. After all, who wouldn’t want their investments to earn the highest possible returns. However, the number one question on investors’ mind is the choice of mutual fund and the means to achieve higher returns, when in fact their focus should be […]

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Why laddering fixed deposits makes for better investments

January 30, 2019

Moneycontrol PF Bureau Fixed deposits serve the purpose of achieving short-term goals, especially if you are in low income tax slabs. The fixed deposits being low-risk products work better for individuals with low-risk appetite, though they may not beat inflation. In addition to credit risk, there are two risks that investors face while investing in […]

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Home loan interest rates: What external benchmark means for your floating rate loan

January 27, 2019

Joydeep Sen Let us see how the interest rate on your loan works. In a fixed rate loan, let’s say a fixed rate home loan, the rate of interest is fixed for the entire tenure, unless there is a clause in the fine print that allows the lender to change the interest rate even in a so-called […]

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Look before you leap: Pure term insurance versus return of premium plan

January 16, 2019

It’s natural for investors to ask ‘how much will I get in return?’ Many of us tend to do this on our insurance products as well. The general tendency of the common man is that any financial product one purchases, they want return from it. But how do you contemplate earning from an insurance policy […]

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Exchange rate fluctuations: How to overcome the palpitations?

January 15, 2019

Lovaii Navlakhi Everyone who has grown up or worked in India before going overseas has a connection with India. And if there is a family in India, this connect becomes emotional. Hence the attraction to investing in India for non-residents. However, making money and emotions are two different things. For non-residents, apart from the market return, […]

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