Plan Your Investment » Uncategorized

RBI Increases Repo and Reverse-Repo rates

krishnas — Mon, 22 Mar 2010 07:00:52 +0000

Introduction In this article I will be writing about the RBI’s actions on few key interest rates changes and the impact on the rate hikes. Last month RBI has increased the CRR rates by 75 points. After that within a month, last friday RBI has announced the immediate rate hikes on the key rates repo [...] Related posts:

Clubbing Income and Gains

krishnas — Fri, 11 Sep 2009 07:00:44 +0000

Introduction In this article I will be writing about the clubbing of Income. There is the possibility that people will distribute their income to other family members for reducing the tax burden. For the reason clubbing of income from some of close relationships like minor child,wife,etc. This article explains it in detail about the clubbing [...] Related posts:

Ask your Questions

krishnas — Sun, 06 Sep 2009 07:46:31 +0000

Today I am starting new section for the Questions and Answers. I am very happy with the response from the readers for each post in this blog. I felt that it would be good idea to create seperate section for answering all the questions from the user apart from replying to the comments. Another advantage [...] Related posts:

Beware of Fraudulent Mails

What documentation is required to open a senior citizen Fixed Deposit?

krishnas — Fri, 21 Aug 2009 05:24:34 +0000

While opening the account, the customer needs to provide proof of age establishing that he/she is a Senior Citizen. To accomplish this, either of the following can be submitted: Secondary School Leaving Certificate (10th Class) LIC Policy Voters Identity Card Pension Payment Order Birth Certificate issued by the competent authority Passport Defence ID Card / [...] Related posts:

HDFC Bank Fixed Deposit Interest Rates (2009)

krishnas — Wed, 08 Jul 2009 14:11:31 +0000

HDFC Bank revised its Fixed Deposit interest rates effective from May 18, 2009. Period Amount Interest Rate (per annum) **Senior Citizen Rates (per annum) Effective From 7 – 14 days Below Rs.15 Lacs 2.25% 2.75% May 18, 2009 15 – 29 days Below Rs.15 Lacs 2.25% 2.75% May 18, 2009 30 – 45 days Below [...] Related posts:

Top 6 Rules for TDS on Fixed Deposit

krishnas — Sat, 25 Apr 2009 13:39:55 +0000

Introduction Earlier I have written one detailed article about How to avoid TDS on Fixed Deposit?. That article gets lot of attention and readers started asking many questions related to TDS and fixed deposit. I felt that I have missed few points in that article it is better to write another article which supparize the [...] Related posts:

Debt Consolidation Loans and Settlement

krishnas — Wed, 18 Mar 2009 01:27:43 +0000

Introduction In this article I will be writing about the debt consolidation and how to settle the debts which is not payable. This article intend to focus on the USA audience and will be reviewing a website which offers these services.Basically in USA, many consulting companies offers these kind of services to their clients to [...] Related posts:

ForClosure of ICICI Bank Personal Loan

krishnas — Mon, 01 Dec 2008 06:07:46 +0000

This blog just posts information for ForClosure the personal loans availed. This is common practice to close the loan before the period is over. For example if you got 2 lakhs as Personal Loan in the ICICI Bank, then EMI for the two years tenure would be Rs.9556. Assume the rate of interest is 14% [...] Related posts:

SBI’s 1000 days Fixed Deposit(FD)

krishnas — Sun, 12 Oct 2008 01:03:40 +0000

Until a few years ago, FD rates were quoted in either number of months or years, but ICICI Bank took the initiative to launch specific days FD with launch of 390/ 590/ 890 days FD. With the turmoil in US financial market and its impending effect on India, Indian customers are now more inclined to [...] Related posts: