Home Loans Interest Rates will be increased
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 [...]
Implementation of base rates from July 1,2010
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 [...]
HDFC Bank Increases Fixed Deposit Rates
India’s second largest private sector bank HDFC Bank has increased the fixed deposit rates by 150 points. Earlier I have posted about the CRR Ratio hike by the Reserver Bank of India(RBI). As I have explained in the post. CRR hike will reduce the liquidity of the banks and will tighten the money lending to [...]
Birla Sun Life Capital Protection Oriented Fund – Series 1
This article explains about the new mutual fund scheme announced my Birla Sun Life Mutual Fund. The name of the new fund scheme is Birla Sun Life Capital Protection Oriented Fund – Series 1. It is close ended 27 month period investment options.
The highlight of this investment is, those who want to invest on the [...]
How to withdraw money from PayPal?
Introduction
In my previous article I have explained about What is PayPal?. It covers only the basic idea about the paypal system and doesn’t explain how you can start using the service. In this article I will be explaining about creating the new account with paypal and how to withdraw money to your bank account. I [...]
What is PayPal?
Introduction
In this article I will be explaining about the one of the popular online payment website PayPal. If you have not hear about the service, please read this article. If you are already familiar with the product, this article will not be useful for you. It is good to learn about the various online payment [...]
RBI Blocks PayPal Withdrawls to Indian Banks
If you have not hear about the PayPal earlier, it is the online payment system from eBay. It is one of the best product for sending the payments to any part of the world. As of now there is no real competition to PayPal and they are enjoying the most of the market share. There [...]
Principal Payment on Home Loans u/s 80C
Introduction
In this article I will be writing about the tax exemption for the home loans under section 80c. I will not write about the interest payment on home loans. That is not come under the section 80c. If you are the regular reader for this site, I have written many articles explaining the home loans [...]
Tax Saving Fixed Deposit u/s 80C
Introduction
In this article I will be writing about the tax savings fixed deposit. It is one of the popular component for the investors because of the guaranteed return amount. As of now the interest rates are not much attractive hence it losses the shine. This article presents the important facts about the tax savings fixed [...]
What is Cash Reserve Ratio (CRR)?
Last week RBI has increased the CRR rates by 0.75. If you are not aware of what is CRR, this article will provide you basic idea on how the CRR will impact the finance market.
Every bank in India has to maintain the some portion of money with the Reserve Bank of India(RBI). If the percentage [...]
