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 [...]
Home Loans Interest Rates will be increased!!!
Introduction In this article I am writing about the interest rates increase for the home loans in the coming months. It is expected that there will be rise in the interest rates from this year end. This article explains the reason why rates will be increased and the current situation of home loans industry. If you have [...]
Who are You?
Looking Back After One Year We have crossed one year after starting this finance blog. It is last October when I hosted this blog with lot of fear whether I can post it regularly. Today I am happy to see the good growth of this blog and readers interest on the topic. I love and [...]
What is Super Saver and Sweep-In Facility?
Introduction In this article I will be writing about the one of the features Super Save and Sweep-In provided by the banks to its customers. I am writing this post with the details from HDFC bank. Also it is the response for our reader (Siva) posted in ask questions. His question is HDFC bank offers [...]
How to open HDFC Bank Fixed Deposit in online?
Introduction In this article I will be explaining about the procedure to open fixed deposit account with HDFC bank by using the online banking. Nowadays it is not necessary meet the bankers to open a fixed deposit. If you have savings bank account and netbanking details, it is easy to create one at your desk. [...]
HDFC Reduces Home Loans Interest Rates
Home Loans major HDFC bank announced that it is reducing the home loans rates by 0.50% for the Rs.30 lacs to Rs.50 lacs segment. Now they will offer the loan at 9% interest rates. This will be applicable only to the new customers. Recently SBI has reduced the home loans rates by 0.50%-0.75% and it [...]
Features and Benefits on HDFC Savings Max Account
1. A minimum deposit of Rs. 25,000/- is required to open an account and thereafter an Average Quarterly Balance of the same amount has to be maintained. 2. If the AQB in the SavingsMax a/c >= 25,000/- and/or the balance in the FD is >= 100,000/-, no AQB non-maintenance charges will be levied. 3. If [...]
Top 5 Rules for Home Loans
Introduction This article lists Top 5 Rules while applying for the home loans. I have already posted many articles explaining the various topic on home loans. This article intend to list the top five rules important for the home loan buyers. Remember these five rules if you are planning to get the new home loans. [...]
Fixed Deposit Rate Cut
Introduction There is another round of fixed deposit rate cuts to be announced soon. May be with in few days of time. As we know the fixed deposit rate reached highest 11.0% p.a. in starting of this year. People utilized this opportunity to invest more money on fixed deposit. Now, it is time for rate [...]
Home Loans and Income Tax Benefits – Part 2
Introduction In this article I will be writing about the home loans and the calculation involved in the interest repayment. In my previous article titled Home Loans and Tax Benefits explains about what are the tax benefits while taking the home loans. But, it doesn’t write much about the interest repayment and the different scenarios [...]
