Retirement Planning: 10 mistakes to avoid while planning for your retirement

Often people don’t save and plan for their retirement, assuming that when the time comes, employer benefits will be enough. However, they will not cover all your retirement needs.

retirement planning, retirement mistakes, 10 retirement mistakes, retirement mistakes to avoid, worst retirement mistakes, retirement calculator, Retirement fund News

Investor alert! Some lessons from current crisis in debt funds

The spate of defaults and rating downgrades has made it clear about credit risk in debt mutual funds. Investors should not invest in funds that have high exposure to companies having a large leverage.

Around 160 debt mutual fund schemes had exposure to the debt papers of DHFL worth Rs 5,236 crore as on April 30, 2019. (Illustration: Rohnit Phore) News

Home loans: All that you wanted to ask — rules and rates

Usually, there is no limit on prepayment amount. However, some banks have particular restrictions where it has clauses in the arrangement letter.

Check if your bank has any restrictions on pre-payments News

How to use Net Present Value to determine your investments

Discounting Factor allows us to compare all future cash flows—both positive and negative—generated by an investment decision and arrive at one consolidated value in the present, which is the Net P

NPV can be a powerful tool in your investment strategy. (Illustration: Rohnit Phore) News

Budget 2019: Will the interest earned on peer to peer lending become tax-free?

It is widely expected that the Union Budget India 2019 may come up with certain incentives and provisions to make them not only popular but also help in improving mechanism for accessing credit even f

nomura, stock markets News

4 money management tips for travelling to Antarctica

Antarctica is one of those remote destinations that many of us dream about, but only a few can actually take it.

travelling, travelling abroad, money management tips, travelling to Antarctica, money management tips for travelling to Antarctica, travel company News

SBI Repo Rate Linked Home Loan: Should one consider it over MCLR linked loan?

State Bank of India is launching a home loan from July 1, 2019, whose interest rate will be linked to the RBI's repo rate, an external benchmark for the lender.

SBI, SBI home loan, SBI home loans, SBI home loan REPO RATE, MCLR, SBI MCLR News

Forex Cards Vs Credit Cards: Which one to choose for hassle-free travelling?

More and more people these days are opting for credit cards to avail the benefits they offer. However, how do they compare with forex cards while travelling abroad?

credit card,credit card dues, Discount offers, deals, cash back, reward points , loans News

Attention depositors! Bank FD interest rates may be cut

Following the repo rate cut, depositors may be hit with falling FD rates. Individuals should lock-in at current fixed deposit rates before banks start reducing the rates

Reserve Bank of India, Bank FD interest rate, Monetary Policy Committee, Kotak Institutional Equities, fixed deposit rates, CARE Ratings, DHFL News

Taking a car loan? Follow these steps

Lenders can investigate the financial condition and loan obligations of an applicant

car loan, car loan tips, Fixed Obligation to Income Ratio, lower car loan interest rate, car loan process News

Income Tax Saving: How perquisites can help you save tax

You can significantly reduce your income tax outgo if you use the perquisites provided by your employer in the right way.

income tax, income tax saving, how to save income tax, perks, How perquisites can help you save tax, Meal Coupons, Car on company lease News

5 common financial mistakes that can have dangerous ramifications and how to smartly fix them

Certain money mistakes can wreak havoc on your financial future, leaving both you and your loved ones under the shadow of uncertainty.

financial mistakes, financial mistakes to avoid, most common financial mistakes, financial mistakes to avoid, how to avoid financial mistakes, money mistakes News

Alert! SBI introduces home loans linked to RBI’s repo rate

State Bank of India (SBI) is going to introduce repo linked home loan product from July 1, 2019. The move seems to be in line with the RBI ‘s direction to the banks to link home loans to an exte

SBI, SBI home loan, SBI home loans, SBI home loan REPO RATE, MCLR, SBI MCLR News

Watch out! Your family health insurance plan may be completely unsuitable; Tips for reevaluation

It is important for us to re-evaluate our health insurance on a regular basis just to make sure that we and our family members are adequately covered.

health insurance, health insurance plans, senior citizen health insurance policy, aditya birla, mediclaim, reevaluate family health insurance plan, Increment in Salary, getting married, birth of a child, retirement, News

Motor insurance: Third-party cover gets costlier; new rates come into effect from June 16

The new rates come into effect from June 16. However, premium for long-term cover remains unchanged

Motor insurance, Irdai, Bajaj Allianz General Insurance, Electric vehicles, long term premiums News

Housing sector lauds RBI rate cut, but fears that NBFC crisis may douse the hope of lower EMIs

Just two days before the RBI policy meet, Dewan Housing Finance Limited (DHFL) became the latest casualty after Essel Group, Reliance ADAG, etc in a series of defaults that started with IL&FS crisis.

Reserve Bank of India, RBI, RBI monetary policy, RBI rate cut, Repo rate, housing companies, real estate sector, NBFC crisis, Essel Group, Reliance ADAG, Dewan Housing Finance Limited, DHFL, IL&FS crisis, home loan EMI, lending rate, deposit rate News

Repo rate cut to boost housing demand if banks pass on benefit to customers: Realtors

Real estate industry Thursday said the RBI's decision to cut repo rate would help in revival of housing segment, provided banks pass on the benefit to home buyers.

Money News

Budget 2019: Infrastructure expected to get priority over tax sops as economy slows down

Sluggish growth in the agriculture, forestry and fishing sector (2.9 per cent growth), the mining sector (1.3 per cent growth) and manufacturing (6.9 per cent growth) led the slowdown of economy.

Budget 2019, infrastructure, GDP growth, jobs data, joblessness, agriculture, export, manufacturing, forestry, fishing, income tax, capital gain tax, tax sops, tax slabs News

RBI move to waive NEFT, RTGS charges a big boost to digital transactions

This waiver by RBI takes away the costs associated with fund transfers via NEFT and RTGS at par with other alternatives such as the UPI.

NEFT charges, RTGS charges, neft, rtgs, rbi, reserve bank of india, real time gross settlement system, national electronic funds transfer, digital transactions, online payment charges, digital payments, online money transfer charge News

RBI slashes repo rate by 25 bps – What it means for your money

The latest RBI move on the repo rate could have direct implications on your home loan EMIs, FD earnings and other investments.

RBI, repo rate, repo rate cut, home loan, fixed deposits, mutual funds, impact of rate cut on your money News

Good News! RBI scraps RTGS, NEFT charges for online fund transfers

RBI Removes RTGS, NEFT Transfer Charges: Reserve Bank of India levies minimum charges on banks for transactions routed through its RTGS and NEFT.

NEFT, RTGS, RBI, Reserve Bank of India, Real Time Gross Settlement System News

Good News! Your home loan EMIs to come down soon as RBI cuts repo rate by 25 bps

Do not merely look at the bank's MCLR but know the actual home loan interest rate before finalizing the deal.

Home Loan, Union Budget, Interest Payment, Nirmala Sitharaman News

Motor insurance to cost more as IRDAI hikes TP insurance premium for cars, two-wheelers

IRDAI has finally decided to revise the premium rates for Motor Third Party insurance for the current financial year, i.e. 2019-20.

motor insurance, IRDAI, Third Party Insurance, IRDAI hikes Third Party Insurance Premium, cars, two wheelers, June 16, Motor Third Party Liability Insurance News

World Environment Day 2019: Why business leaders should turn their focus to green buildings

This World Environment Day, business leaders should consider their companies’ impact on the environment and how their buildings affect the health and wellbeing of their employees and occupants.

World Environment Day 2019, green building, green buildings in India, business leaders, Infosys, tata housing, Green Business Certificate Institute News

Budget 2019: Will the benefit of Section 87A extended further?

The benefit of Section 87A is available to the assessee only when three conditions are met in the financial year 2019-20. It remains to be seen what the Union Budget 2019 India proposes.

Budget 2019, Section 87A, Income Tax Act, Union Minister of Finance Nirmala Sitharaman, section 80C News

7 smart financing moves first-time salary earners need to make

Multiple studies have proven that a majority of 59% of salary earners live pay check to pay check without any provision for contingencies or any benchmarking for emergency funds in sight.

financial planning, smart financing moves, first time salary earners, financial moves to make in your 20s, smart financial planning, Budgeting, saving, invest News

Interest on CPF retained after retiring liable to tax

As per some recent rulings, the interest earned subsequent to retirement is liable for tax in your hands at applicable slab rates.

Contributory Provident Fund, interest CPF, Public Provident Fund, PPF, NPS, Employees News


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