PPF & NSC Interest Rate Increase – Update

Adding joy to the retail investors, Government of India has decided to raise the interest rates on PPF (Public Provided Fund) and NSC deposits with effect from 1 April 2012. Specific details are as follows: 1. Interest provided on PPF deposits would be increased from current 8.6% to 8.8%; 2. NSCs of 10 year duration […]

How to Make Best out of Credit Cards

Credit cards are one of the most powerful financial tools available in the market which touches a person’s daily life. If you are aware of the pros and cons of this tool, you can probably make the best out of your credit cards which may just be used for making day to day purchases. After […]

Impact of Budget 2012

BFA Union Budget 2012

The much awaited and one of the most important financial event  for the year 2011-12 is now over.I am attempting to decode the aspects mentioned in the Union budget and how it impacts us and our livelihood. To start with, let me start with the item which affects us most directly. Personal Income Tax 1. […]

How Credit Cards Work

Credit Card photo

Plastic money – as they term it, is one of the fastest growing mechanism to carry money with you. You no longer need to stash your wallet with notes to meet any financial obligations created while walking into the shopping mall or while surfing the digital shopping mall (Internet). How easy it has now become […]

Improve your Credit History – Timeline of Your Current & Future Financial Image !

Are you planning to apply for a new telephone connection or probably a subscription for a magazine or even simply applying for a loan… If you look closely, all these situations have one thing in common – your commitment to pay the service provider / financial institution on a monthly / regular basis. But the service provider […]

Can You Design Your Own Customised Child Investment Plan ?

It is good to see you reading this article and probably you may also be wondering if it is a good idea to have a Child Plan based investment product from an Insurance Company to secure your child’s future and to free you from one of your biggest liabilities. If you have already made up […]

Soaring Interest Rates – How to maximise the benefits

People from all walks in life are now experiencing the affect of soaring interest rates on their day to day livelihood. While some may be suffering to increased interest payouts, others may be enjoying with higher interest receipts. This post would be primarily be concentrating upon increasing the benefits by using the rising interest rates […]

Term Insurance – First Step Towards Financial Planning

We love our life and people who are closely dependent upon us, whether financially, emotionally or both. Aren’t most of our efforts targetted towards achieving a healthy standard of living for our families with whom we cherish to spend most of our time ? Closely associated with it is the rat race of earning money, […]

How to Compute Appropriate Sum Assured for Your Life Insurance

Congratulations for making up your mind to take a risk cover for your life. Life Insurance is one of the most important things associated with a person’s financial planning and often one of the most ignored aspects. An essential step of taking a life insuranceis arriving at an appropriate level of cover (called as Sum […]

Your House – A drain on your Finances

Pledging

Buying a Home – One of the biggest aspirations A house with four rooms – each room with a separate colour theme and different furnishing setup. A separate room for kids with all their kid gizmos… And a living room with all costly gadgets… A modular kitchen to keep your better half happy and so […]