Archive | March, 2010

RBI Increases Repo and Reverse-Repo rates

March 22, 2010

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In this article I will be writing about the RBI’s actions on few key interest rates changes and the impact on the rate hikes. Last month RBI has increased the CRR rates by 75 points. After that within a month, last friday RBI has announced the immediate rate hikes on the key rates repo and [...]

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Submit PAN to avoid the higher TDS deduction

March 17, 2010

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In my earlier article I have posted about the compulsory submission of the PAN details to avoid the higher deduction of TDS for your fixed deposit.This new rule is with effect from the 1st April, 2010. Banks started informing about the new rules to the customers. Today I got the mail from HDFC bank about [...]

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Fixed Deposit Rates are up again

March 16, 2010

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In this article I will be writing about the interest rates for fixed deposits in the coming months. As we have noted earlier that RBI had increased the CRR ratio by 0.75 points. This reduce the about Rs.35000 crore money  from the liquidity. It is expected to be increase in the banks fixed deposit interest [...]

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File your IT returns with Paisaa.in

March 15, 2010

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In my previous articles I have explained the details about the IT returns and why filing IT returns is very important. I have not mentioned anything about the filing IT returns online by using the website. In this article I will be writing about one of the popular website in that area and it is [...]

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Home Loans Interest Rates will be increased

March 11, 2010

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It is time for the home loans interest rates hike. Already leading home loans provider HDFC and ICICI has rolled back the two year fixed rates scheme. Few weeks back RBI had hiked the CRR rates by 0.75%. It reduces the liquidity in the system and tightens the monetary policy. It leads to banks revise [...]

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Implementation of base rates from July 1,2010

March 10, 2010

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RBI had announced the base rate system which will set the interest rates for the bankers to lend their borrowers. Earlier the rate is known as the Prime Lending Rate(PLR) for the banks. Normally the banks can not lend the money below the PLR to avoid any loss or risk. But, banks started offering the [...]

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Importance of Health Insurance

March 9, 2010

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In this article I will be writing about the key points related to choosing the right health insurance policies. It is one of the important financial planning for you and your family. In the recent survey, it shows that India has the highest number of diabetes patients in the world. It is very shocking news [...]

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PayPal allows local bank withdrawls in India

March 8, 2010

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Earlier I have posted that RBI had suspended the Indian paypal payments. As we know many of the webmasters and small business owner rely on paypal service to receive the money from other countries. The reason why RBI had issue is, you can send the any number of amount using the paypal as the personal [...]

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New Tax Slabs for Individuals (Budget 2010-11)

March 1, 2010

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It is good time for the common man when the union finance minister announced the new tax slabs for the common man. The new slabs will definitely reduce the burden of common man and it will be some relaxing news for them because already inflation is soaring to new high. The following table shows the [...]

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