Sun, Nov 03, 2024
People mostly think that when they open a bank account, they get an ATM card for free, but that is not true. Let us know what types of charges are levied on SBI ATM cards.
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Thu, Oct 31, 2024
With Diwali just around the corner, people are excited for online shopping. However, it’s easy to overspend on non-essential items. This festive season, instead of wasting money, consider these five smart investment strategies to make the most of your finances.
Thu, Oct 24, 2024
From Rs 18,000 Monthly SIP to Rs 12 Crore Corpus: Monthly investment for the long term can make achieving a tough financial goal possible. If one is aiming at a corpus that can accomplish their retirement needs and meet expenses post retirement, early investing can be great help.
Sat, Sep 09, 2023
There are some initiatives that provide funds in a lump sum, however, opting for the schemes that offer funds periodically is way better as it ensures a consistent source of income.
Term life insurance is an indispensable component of a well-rounded retirement portfolio. It offers unique advantages that can significantly enhance your retirement planning efforts. The most important factor is that term life insurance provides a safety net for your loved ones in case of your demise during the policy's term. If you have a spouse or dependents, ensuring their financial security is paramount.
Fri, Sep 08, 2023
Mutual Funds and ULIPs are two most popular market-linked investment options that investors can choose for future goals. Investing in ULIPs could be a better option if you are looking for market-linked savings instruments with insurance coverage.
Choosing between a guaranteed savings plan and a guaranteed income plan can be tricky as they both offer financial security. However, it could be beneficial to analyse them on parameters, such as tax benefits and loan facilities, before investing.
Recently, there has been a surge in the guaranteed income plans provided by leading life insurance companies in the country. In 2023, companies like HDFC Life, TATA AIA, ICICI Pru Life, and Aditya Birla Sun Life, among others, have introduced new guaranteed income plans that offer guaranteed payouts at predefined periodical intervals.
How are bullion, agricultural commodities, and industrial metals faring today? We bring you the latest updates from the world of commodities.
Employees can not only secure their future after retirement but can also provide their family with a source of income through the Employees' Pension Scheme (EPS), which is managed by EPFO.
Thu, Sep 07, 2023
Last month, in its circular RBI asked lenders to take into account the repayment capacity of borrowers at the time of approving floating rate based personal loans or home loans.
Systematic Investment Plans can be the best way to invest regularly instead of burdening yourself with a huge one-time investment. However, before choosing the SIP amount, assess factors such as your financial goals and risk tolerance.
Some home loan lenders such as HDFC Bank and Canara Bank chose to hike the Marginal Cost of Funds Based Lending Rate (MCLR) in August. MCLR is the lowest interest rate a bank can offer and a higher MCLR indicates that interest rates may go up.
The economic downturn has affected salaried employees negatively and a planned investment could work as a shield against an unfortunate event of layoffs. Investments in mutual funds, real estates and annuity plans may help to earn regular returns.
If borrowers opt for an increase in the loan instalment amount and keep the tenure unchanged, they will be able to repay the entire amount within the same time period, but interest charged may go up substantially.
As the CIBIL score is the primary consideration for availing discounts on home loans offered by SBI, it’s important for borrowers to have a good credit score. The borrowers with higher credit scores will be eligible for discounted interest rates on home loans.
If you are unable to link your post office schemes or any small savings schemes like the Public Provident Fund (PPF) and National Savings Certificate (NSC) with your Aadhaar card, your account will become inoperative.
Wed, Sep 06, 2023
The LIC New Jeevan Shanti Plan is a single premium plan. The policyholders have the option to choose between a Single life and Joint life deferred annuity.
Investors can choose between long-term and short-term investment plans on the basis of their financial goals. Long-term investments help to build a corpus fund over years with small contributions every month.
A government-backed investment instrument, Kisan Vikas Patra offers a secured return and higher return compared to savings accounts or some FDs. Currently, the maturity period of Kisan Vikas Patra is 9.5 years.
Investors need to consider a lot of factors before taking a call about liquidating their mutual funds. Liquidating mutual funds before the maturity period may also incur losses in some cases.
The best way to figure out if LIC or a private insurance plan is better for you is to compare the differences in features, benefits and premium amounts. You should choose an insurance policy that best suits your financial needs.
There are a number of short-term investment options in the market for the investors who want to invest their money for a period of a few months to one year.
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