Plan Your Investment

Introduction After the rigorous cycle of increase in the policy rates by Reserve Bank of India (RBI), debt instruments got more lucrative for the investors who are looking for the safe place to park their money. Thanks to the inflation which is making the mandatory requirement to increase the key policy rates. A Steep increase [...]

Couple of weeks back I have published an article about the ATM usage. In that article I have written about the new changes announced by RBI for the transactions conducted in the ATM. Here this article, consolidate all the changes or rules announced related to ATM usage. Most of the customers has the thinking of [...]

Have you ever inquired about the suitable bank account from your banker? or ever had a thought on multiple savings bank options.   It is very rare or lack of knowledge on the different savings bank account options to the customers. Without considering their needs everyone open the normal savings banks account.  But, the fact is [...]

Are you busy and not having enough time to effectively utilize the idle money in the savings bank account?. Then, this article would provide you a useful tips to utilize the auto-sweep facility available  in most of the banks to maximize the returns for your idle money. This article explains about the auto-sweep facility and [...]

It is once again, the key rates are increased by the Reserve Bank of India (RBI). This move gave the shocking wave in the market today (sensex down 350 points). It is unexpected move which was expected by the analysts as probably 25 points or there won’t be any changes. But, RBI has hiked the [...]

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 [...]

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 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 [...]

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, [...]