Guri If you are planning to open a fixed deposit (FD) with a bank, it is recommended to compare the interest rates offered by different banks. Although most banks offer similar interest rates on their term deposits, even a marginal difference can help you save more. For instance, if you receive an extra 50 basis points … Read more
Before investing in a mutual fund scheme, it is usual among investors to examine the past returns. This gives an indication of how much upside the scheme has. An equity scheme which has delivered over 20 percent consistently for the past five years may give muted returns now, particularly after the bull run has ended. … Read more
In income-tax assessment proceedings, assessing officers (AO) get a full nine months to issue information-seeking notices to scrutinize and verify the claims of expenses, deductions, and incomes as declared by taxpayers in their income tax returns (ITRs). However, recently concluded assessments for the fiscal year 2022-23 suggest that a major part of this nine-month period … Read more
While investors chase the latest fads—tech stocks, crypto, real estate booms—gold has quietly delivered, quarter after quarter. Driven by tariff tensions, stubborn inflation, and mounting global uncertainty, the yellow metal has had a spectacular run in recent times. But this isn’t just a short-term rally. Over the long haul, gold has outperformed some of the … Read more
Bank of India has announced to cut its home loan interest rates, offering relief to new as well as existing borrowers. With this change, the home loan rate stands reduced from 8.10 per cent per annum to 7.90 per cent per annum based on their credit score. This move is aimed at making home ownership … Read more
Q. My wife and I have been investing in debt mutual funds for the past 8 years. We now intend to diversify and invest in equity mutual funds. We received suggestions to invest in Nifty Top 10 Equal Weight Index, however, we have limited knowledge about the same. Can you please elaborate on the same? … Read more
In India sustaining a high credit score is extremely important for applying for loans, credit cards and other credit instruments. A high credit score ensures that you are able to secure a loan at favorable interest rates and keep your financial security intact. Now, debt such as personal loans and credit cards also helps build … Read more
If you are a frequent traveller, getting complimentary access to airport lounges can uplift your travel experience to the next level. With complimentary access, you can enjoy perks including free meals, unlimited wifi and even spa. HDFC Bank offers a range of credit cards through which you can enjoy complimentary airport lounge access. Here’s a … Read more
When you apply for a personal loan or any other loan, you must fulfil the bank’s various eligibility criteria. The bank performs the eligibility check to evaluate whether you qualify for the personal loan. The broader eligibility criteria are the same for most banks. However, within each eligibility criteria, the bank may define its own … Read more
If you are facing a financial crisis or an urgent need for money, it is natural to borrow. However, it is important to realise that the loan amount should remain within comfortable range. This means one should not borrow so much money that it becomes too high to repay. How much is too much? It … Read more