If you have a loan, you cannot miss having a term plan
Thursday, February 15, 2018, 7:20 PM
Money can buy you many things including a car, a house, and your dream-holiday. But if you are someone who takes loans to fulfill your dreams, you need something extra. To ensure that the EMIs are paid on time, you need a backup plan to take care of your liabilities when you are not around. A term-insurance plan can be the ideal solution in such a situation.
Success comes from financial education
Monday, February 12, 2018, 1:12 PM
When it comes to financial success anyone can own it, because its all about the right education. Money making is something you can learn, just like driving. In business, its no different. You must have training and you must always be training. If you want to be successful in business, you must always be increasing your financial intelligence through financial education.
If you want to be rich, be a creative investor
Monday, February 12, 2018, 12:57 PM
The creative investor is a professional investor. Sometimes it may take years for all the pieces of a deal to come together. And sometimes they never do. It's important to learn how to put the pieces of a creative investment together. Sometimes, the tide goes against you and you see huge losses. But when the pieces come together, it's a huge payoff.
Know what asset is best for you?
Friday, February 9, 2018, 2:20 PM
It's simple, a one-word prescription. But it's also deceptive, because it works only if you do it intelligently. There are four asset classes: Business, real estate, paper assets, and commodities. To grow rich, you must study these classes, choose what is best for you, and work towards becoming an expert.
What is Recurring Deposit Account?
Friday, February 9, 2018, 1:52 PM
Recurring Deposit is a special kind of Term Deposit offered by banks in India which help people with regular incomes to deposit a fixed amount every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits. Minimum Period of RD is 6 months and the maximum is 10 years.
What is Forex Trading Account?
Friday, February 9, 2018, 1:37 PM
A forex account is an account used to hold and trade foreign currencies. Typically, you open an account, deposit money denominated in your home country currency, and then buy and sell currency pairs. Your purpose, of course, is to make money on your trades. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
What is Business Insurance?
Thursday, February 8, 2018, 12:40 PM
Business insurance helps companies protect their financial assets, intellectual and physical property from a covered-loss due to risks such as lawsuits, property-damage, theft, vandalism, loss of income and employee-injuries and illnesses. Standard coverages include Commercial Liability, Commercial Property, Commercial Auto and Workers Compensation. There is also a wide variety of other business insurance coverages available to address the more unique risks different businesses face.
What is education loan?
Thursday, February 8, 2018, 12:23 PM
Quality education is a must for a complete and successful-life. For many, it is equivalent to graduating from a top institution. An education loan, therefore, plays a vital role in such a scenario by helping to bridge the gap between the shortfall and the required amount. It covers the basic course fee and other related-expenses such as (college) accommodation, exam and other miscellaneous charges.
How can you keep your debit/credit card safe?
Thursday, February 8, 2018, 12:00 PM
Check the ATM where you withdraw money. Look for any extra devices attached to the ATM. Avoid using ATMs which are too old. Make sure no one can see your PIN as you enter it, while withdrawing cash. Register your bank account with your current mobile number, so that you get an alert for all your transactions. Change your PIN regularly.
How To Make Your Bank Listen To Your Complaint?
Wednesday, February 7, 2018, 1:27 PM
If you have a complaint against a bank, the first thing you must do is contact your bank customer care and register your complaint with them. Complaints such as levying unnecessary charges without prior notice can be filed with the bank. If your bank does not respond to your complaint promptly, you can file a complaint with the banking ombudsman or even the Consumer-court.
What is Title Fraud?
Wednesday, February 7, 2018, 1:17 PM
Under title fraud, fraudsters will create duplicate title deeds and claim themselves to be the owners of the property. This kind of scam is usually done on the properties which are vacant for a long time and whose owners are staying abroad. To avoid this kind of fraud, it is very important to hire a legal advisor before buying any property.
Know how to choose the right business patner
Wednesday, February 7, 2018, 12:55 PM
Before you even think of pulling the trigger with a business partner, contemplate whether you even need one at all. If you decide it is a good idea, make sure you get the best match to your own values, goals, leadership style and skills. Because once you become partners, it is vastly more difficult to undo the partnership than it is to create it.
How to invest in Mutual Funds?
Saturday, January 13, 2018, 10:02 PM
In order to invest in mutual funds, you need to complete the KYC (Know Your Customer) procedure, by filling in the registration form and submitting all the identity and address proofs, along with the other requisite documents. You should have your PAN card and bank account, with proper MICR (Magnetic Ink Character Recognition) code and IFSC.
How do mutual funds work?
Saturday, January 13, 2018, 9:47 PM
Mutual funds collect money from you and other investors and invest in various securities. Funds are managed by professional fund managers, who are well versed in the stock market. These fund managers try to achieve growth by making crucial investment decisions at the right time. Mutual fund units will be given to investors based on the proportion of their investments.
5. Processing fee on personal loans
Saturday, January 13, 2018, 9:29 PM
Like all bank charges, processing fee also varies from bank to bank. This fee includes various expenses incurred by the bank while approving your loan. The processing fee will be between 1% to 2%. Before availing the personal loan, you should check the processing fee charged by the bank, as this might be quite high in case of personal loans of a large size.