Beware of Scams like Phishing and Vishing
In my previous articles I have explained about the phishing scams and how to protect from that. These kind of scams are raising steadily and more number of the bank customers fall into this trap. You have to be very careful on doing the bank transactions and giving out any sensitive information to the internet. [...]
What is Base Rate System for Banks?
Introduction If you are happened to read the recent newspapers, it is most likely to read a news talking about the base rate system for the banks. Every banks announcing the base rates for lending loans. What is that?. I have written earlier in March 2010, about the implementation of the base rate system from [...]
Interest Free Education Loans scheme become Operational
It is almost one year back, I have written about the interest free education loans announced by the Indian govt. for Indian students who are pursuing the studies in India. It is one of the great reforms in the education sector to help the poor students. The qualification to avail this scheme is, if your [...]
Savings Bank Account interest rates derugulation:RBI
Savings Bank Account Deregulation All the banks in India has to offers 3.5% interest rates for all the savings bank account holders. It is the regulation enforced by Reserve Bank of India (RBI). This regulation has been amended recently to give the exact interest rates for all the days in a month. Previously banks provided [...]
Can you trust Corporate Deposits?
Introduction Do you have fixed deposit account with bank?. If yes, then you can list down the reason why you have chosen the fixed deposit over other investment schemes. The common reason would be the safety on bank deposits. The known fact is that, the bank deposits offer very low interest rates compare to any [...]
Think before investing in New Fund Offer (NFO)
Introduction Have you applied for any of the New Fund Offer (NFO) in recent times?. If your answer is yes, what motivates to take the decision and select a particular NFO?. There are many number of New Fund Offer (NFO) schemes coming in to the market, it makes the investors confused and they are unable [...]
Tax Exemptions on Home Improvement Loans
Introduction In this article I will be writing about the tax exemptions for the home improvement loans. I have written many articles related to the home loans and income tax benefits. There are two sections talking about the home loans and tax exemptions related topics. One is Section 80c (Home Loans Principal Payment) and another [...]
Cash Transactions will become Costlier in HDFC Bank
RBI forced all the banks to pay the interest rates on day-to-day basis for all the savings bank accounts customers. As we have known, this would cause more spending for the banks because the millions of customers keep the money idle in the savings bank accounts. Till last year, banks paid only less interest money [...]
What is Reverse Mortgage?
Introduction In this article I will be writing about the Reverse Mortgage and how it can help you in the retirement. This product is has low awareness among the public. Nowadays few banks started making awareness to the public to sell the reverse mortgage products. This article explains the basic concepts on reverse mortgage. If [...]
Submit PAN to avoid the higher TDS deduction
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 [...]
