Plan Your Investment

In my previous articles I have explained about the different types of NRI bank accounts. These accounts are opened while you are in abroad and maintaining the NRI status. These accounts has to be converted into resident account (normal savings account) when you are returning to India. Sometimes, when you are returning to settle permanently [...]

As we all know that if you are withdrawing the money from the fixed deposit account , the rate of interest will be reduced as the penalty for premature withdrawal. This penalty would be different from the each bank based on the tenure of the fixed deposit and how long you continued the fixed deposit [...]

As we know that term insurance (What is term insurance?) is pure form of insurance and it comes with the maximum cover for your life. But, it doesn’t offer any attached riders while taking the policy. In our previous article we have understood what is life insurance riders?. The riders provide the additional benefits to [...]

State Bank of India (SBI) has increased the interest rates for  its key benchmark rates of loans and fixed deposit investments. The changes will be effective from today (July 11, 2011) onwards. Prior to this hike, SBI has changed its key rates on May 2011. The changes on interest rates are impact of the RBIs [...]

In my previous article I have explained about the different bank accounts for NRI and what are the rules and regulations related to each type of account. In today’s article, I will explain what are the current situation for NRI investor to invest in the mutual funds industry of India. In recent days, the restrictions [...]

Earlier I have written many articles related to the NRI investment and NRI status related issues. Still, I get lot of questions from the readers about the NRI bank accounts and their status. I thought it should be good to write another set of articles explaining the basic concepts on NRI related issues. This post [...]

In my previous articles I have explained about the disadvantages of the unsecured loans like personal loans and the great advantage of taking the secured loans using the fixed deposit, jewellery loans,etc. to get the instant cash. This article presents very details explanation on the advantages of taking the secured overdraft loans and what are [...]

The main purpose of taking the insurance policy is to protect our loved ones if some thing happens to you. In this case, assigning a nominee will serve the purpose of reaching the benefit to the appropriate person. If you are not giving the proper or incomplete details about your nominees, it is difficult for [...]

Effective July 01, 2011 – RBI has sent a circular to all the banks in India to mandate the following rules on the ATM transactions: The permitted 5 free transactions per month at other Bank ATMs will include Financial as well as Non-Financial transactions. Here cash withdrawals comes under the financial transaction and Balance Inquiry, Pin [...]

If you are a home buyer in the last couple of years and paying the EMI amount, you would have noticed that the interest rates gone up several times and the EMI burden would have increased. At the time of buying the house, the interest rates are cheap and bought the house with low EMI, [...]