This category will have all articles related to Retirement Planning, Children’s Education Planning, Children’s Marriage Planning, Home Loan Repayment
Do you frequently buy things, even expensive stuff, just for the sake of buying? Even when you do not really require them? Do you find it difficult to save for your future needs? If you are a habitual spender then an endowment insurance plans is just meant you. Features of an endowment plan An endowment […]
The smartphone revolution that has been sweeping India has made sure that people do everything on their mobile. This includes activities like shopping, booking tickets etc. to making financial transactions related to banking, share trading, mutual funds, insurance etc. So keeping in mind that the customer wants access to everything, including banking, on his / […]
Challenge with the earlier process of sending ITR-V to IT Department Earlier, for those who did not have a digital signature, the last step of e-filing of income tax return included taking a print out of ITR-V form, signing it and sending it to the IT Department - CPC, Bengaluru. This last step had some […]
Individuals in their 20s are mostly commencing their careers with first jobs. Being young and inexperienced with not many responsibilities, financial planning does not feature on their priority list. However, investing at an early age provides the additional benefit of compounding growth. This means that investors are able to accumulate a higher corpus (amount) because […]
Loan Against Property (LAP) is a loan that is given against property as collateral. The loan amount depends on the value of the property and is generally 40% to 60% of the property value. The loan is available against pre-owned residential properties, commercial properties or other properties like schools, hospitals, industrial plots etc. Taking a […]
Very few small businesses are fortunate enough to survive the first few years. An even smaller subset of these fortunate ones, end up growing bigger. So if you are among those lucky ones who are looking to invest in the growth of their small businesses, then there are many banks willing to give out small business loans to credit-worthy business customers. Let’s evaluate the key reasons that make […]
We are at the end of June and even before we will realise, the 31st July deadline for filing income tax return will be staring at us in the face, like it does every year. Rather than the last minute scramble, we suggest, this year, you file your income tax return as early as possible. […]
Consider a 25-year old self-employed individual, who is looking for a tax-saving investment option. The option that he chooses should be able to create a retirement corpus. He is already investing in equities and is now considering investments between an equity-linked savings scheme (ELSS) and the national pension system (NPS). An ELSS is a standalone […]
The breadwinner of a family has the responsibility of safeguarding his / her family’s future. To do this, he / she must provide them with total financial protection for the future, especially in his / her absence. Have you taken a life insurance plan to safeguard your family’s future? If not, what is preventing you […]
You are young, healthy and do not see any potential harm coming your way in the near future. Should you still get your health insured? The answer is a resounding YES. Imagine yourself severely unwell. In this situation, would you want the added pressure of exorbitant hospital bills? Health insurance serves as backup, and is […]
Term insurance or protection plans, as they are commonly called, are plans designed for a fixed number of years, aimed at creating a temporary source of income in case of a sudden demise. Why do you need it? Uncertainty of life is something everybody grapples with, and term insurance plans create a buffer action, allowing […]
The current generation is buying their first homes much faster than the previous one. The reasons for the same are many. Rise in disposable incomes and easy availability of finance being the major ones. So assuming that even you are looking to buy your first property soon, what are some of the important things that […]
You have some urgent money requirement and don’t have much cash with you. What are your possible options? You can either borrow from your family or dip into your savings. Family and friends might not be able to help you out every time. And you might not want to withdraw from your savings as it […]
Determining the best investment plan from a large number of available options is a very difficult task. An option that suits the needs of others may not be appropriate for your specific requirements. Every person has different needs and priorities, and one size is not suitable for all. Yet, the factors that help users choose […]
The National Pension System (NPS) is a voluntary contribution pension plan for employees. Investments in this scheme are compulsory for state and central government employees, but are optional for private sector personnel. NPS is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). Any person aged between 18 and 60 years can open an […]
Life insurance is crucial to provide financial protection to your family members in case of your demise. Adequate coverage ensures they do not face any hardship if you are no longer around to support them. If you are looking to acquire insurance in your 50s, an important consideration is to find an insurer that offers […]
Do not balk at taking a travel insurance plan with all bases covered – there are many situations you may need to use it in! Planning your trip, packing your bags, getting your visa and checking on your flight tickets… a holiday awaits you and you can hardly wait to get going! But have you […]
If banking has been a hassle for you and if you feel it lacks the required safety and trust, then in this review we will introduce you to ‘digibank’ from DBS that will allay all of your banking concerns and make you sit up and take notice. Through digibank, India’s first truly digital bank, DBS […]
A lot of people cover themselves with medical insurance, which only provides for hospitalisation expenses when one is struck by an illness or an accident. Equally important is the provision that one makes for the loss of income and financial drain that he / she suffers during the recovery period. There are some critical illnesses […]
India’s car market has been growing at brisk pace in last few years. And the best part is, that with more and more people entering the middle class with higher disposable incomes, the demand for cars is only going to increase in years to come. Banks and financial institutions acknowledge this demand for new […]