Plan Your Investment

RBI is the central bank in India which has the utmost responsibility of making the Indian banking system more strong and modern with the latest technological trend. One of the technological advancement is the electronic payments of amount which is more convenient for the customers and it eliminates the unnecessary paper work and human intervention. [...]

Cheque is playing the important role on money transactions for individual and company. It become the basic standard for any banking transactions. When it comes to the awareness on writing the cheque is not encouraging. I could see the people asking for the help to write cheque. This article explores the basic ideas on writing [...]

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 [...]

Thinking of changing your Bank because the ATM of that Bank is not near to your Office or Home ! Forget it , No more would you be bothered about where is the ATM of your Bank located. Come April 1st,2009 and you can withdraw money and do Balance Enquiry from any ATM irrespective of [...]

Effective 01Jun05, a banking cash transaction tax will be charged @ 0.1% on every transaction on any single day being withdrawal of cash from an account (other than savings account) or being receipt of cash on any single day on encashment of one or more term deposits. Tax was levies at 0.1% on cash withdrawal [...]

National Housing Bank (NHB) an apex housing financial institution has launched three fixed deposit schemes, with a tax-saving scheme. NHB is offering interest rate of up to 9.25 per cent. In a statement released by NHB it stated, “The funds mobilized would be used by the NHB for its business activities”. Under Sunidhi term-deposit scheme, [...]

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% [...]

Finance Minister P Chidambaram on Tuesday said private sector banks will be forced to cut lending rates sooner than later due to competition from public sector counterparts. “Public sector banks have reduced their prime lending rates by 75 basis points and extended it to all kinds of loans, like home loans and personal loans. Private [...]

In the last decade, Indian banking industry saw a huge growth. There are dozens of new private banks has emerged in the sector. In this post I am presenting list of popular nationalized and private banks in India. It is not the complete list but it will be more helpful if you want to find [...]

In this article I am looking into the term fixed deposit. As many people aware of the term and they already investing on the fixed deposit, this blog might be useful for those who are not familiar with the term or just getting into the financial planning for the future savings and investment. I hope [...]