IRDA plans to allow banks to tie up with 2-3 insurance cos
Banks can tie up with utmost one insurance company as the agency. For example IOB has the LIC as the Insurance partner. Insurance sector regulator IRDA is considering whether to allow banks to tie-up with two-to-three insurance firms to sell their insurance. The regulator is currently reviewing the existing Banacassurance model and has set-up a seven-member committee [...]
RBI announces Plastic Money
If you are worried about the banknotes which gets damaged in the water or any other circumstances. It is good news that RBI is working on to release the plastic money made on polymer. Polymer banknotes will have the life four times of normal bank notes. Also RBI official said that it is difficult to replicate [...]
Invest in Recurring Deposits
I want to invest Rs 40,000 for a short period. I would need the money in 6-8 months. Can you suggest an investment avenue that can give me best returns and also offer liquidity? I have ruled out a fixed deposit as I may need to break it and end up paying a penalty. The [...]
Types of Income subject to deduction of tax at source
Introduction Earlier I have written article about TDS and how to avoid the TDS for Fixed Deposit?. If you are familiar with the term please read the articles which is explaining the TDS. In this post I will be explaining the types of income where TDS is collected. It is important to know the details [...]
Withdraw Cash from any ATM Free of charge
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 [...]
Submit Original documents for Home Loans
Introduction In this blog I will be writing about the submitting original documents to the bank for getting the loan amount. Most people are hesitating to submit the original documents to the banker because of the safety. This blog post explains the legal rules related to submitting the documents. Please post your comments in the [...]
What is EMI and pre-EMI?
Introduction In this article I will be writing about the difference between EMI and pre-EMI. Most of the people heard about the EMI, not aware of the pre-EMI and the benefits involved in the pre-EMI. In this article we will look into more details about the pre-EMI and in what situation pre-EMI can be benefited [...]
Fixed Deposit (FD) Rates may come down
Recently I have posted a blog about FD Rates and investment plan on the Fixed Deposit (FD). It seems banks are planning to reduce the FD Rates in the coming months. I am writing this post to inform readers, if they have plan to invest do it ASAP to gain the High Interest Rates. The [...]
Invest in Fixed Deposit (FD)
Introduction This is the correct time if you want to invest in the Fixed Deposit (FD) schemes. In the past, banks offer very low Interest Rates on the deposits, so people tend to invest on the property like buying home, land, etc. So, it is created very common attitude among people that depositing in the [...]
