Everything Under The Sun -

Inflation is eating your money which you have invested in form of FD's in banks. Yes its true! If you are thinking that your hard earned money invested in Bank FD's is giving you returns of 8-8.75% then think again. The inflation rate is 7.61 % is eroding your interest earning. And at if you will calculate you will find that may be it is giving negative returns. At present most of the banks in India are giving 8 to 8.75 % interest on Fixed deposit on more than one year period, not more than that. After accounting inflation and tax on interest ( Interest earning is taxable under section 80 C of Income Tax Act) earned, Your money is still the same without growth. If your annual income is below 2.5 lakh and at the tax rate of 10.3 % your effective earnings on Fixed deposit would be in between 7.62% and 7.85 %. Inflation is 7.61 % so you see that you are geting marginal interest earning on your investment in FD's. If you fall in the annual income range of more than 2.5 lakh...

Manage your investment through Portfolio Manager: If you have invesments in Equities, Mutual Funds, Assets, Borrowings, Cash flows etc but you are unable to keep track of your investments then a good portfolio manager can help you a lot. With online portfolio manager you can not only keep track of your all investments at one place but also get regular update and news of your stocks. The online portfolio manager basic service is free at moneycontrol website. You can sign in free and keep track of your investments.

Today more and more people have been lured by credit card companies to increase the use of credit cards and offering various types of credit cards like 0 % interest credit card , lifetime free credit card , petro cards, cash back credit cards , co-branded creditcards , EMI cards and so on. Credit Card is the latest form of money used worldwide. People have become so much used to it that many keep multiple credit cards. But the important question here is how many of you really know each and every aspect of credit card? Have you read the fine prints on your credit card agreement while applying for credit card? Did the credit card company executive gave you all the details such as balance transfer fees , revolving credit charges etc? Most would say NO and that's the truth. Most of us applying for credit card agreement never go through the fine prints.( most credit card companies have a clause which allows them to change the rate of interest any time, for any reason with a certain n...

Safety measures for Credit Card: Credit Card which is also known a Plastic Money is very popular these days. Every bank is offering different types of Credit cards and luring their customer by giving points, cash back and other such offers. No doubt that credit card is a very popular mode of payment but it can become very risky if if you are not aware about its safety issues. To avoid misuse and unauthorized access of your credit card please follow these safety measures: The credit card should be signed on signature panel as soon as it is received. You can also write "ASK FOR ID" on signature panel. Never ever give or disclose your Credit Card number to unknown person. If you have a personal Identification Number (PIN), do not write it on Credit Card. Always keep your PIN in safe and secure place. In case you no longer need the credit card details , do not simply discard them but destroy all the details of credit card. If you have withdrawn cash from ATM through your cre...

LIC Housing Finance Ltd., who is a major Home Loan provider in India is going to launch Reverse Mortgage Scheme in coming month for senior citizens. In this scheme, senior citizens above 60 years of age would get loans against house or property . Loan amount will be considered according to the age of customer, rate of interest and value of property. Reverse Mortgage scheme is a financial scheme in which a loan is provided by the lender against the value of the property. Loan amount can be borrowed in lump sump or in installments The loan amount is repayable by selling the property either on the death of the owner or at the end of mortgage tenure. Reverse Mortgage scheme will benefit aged couples who don't have anybody to look after or don't have any source of income. LIC hosing finance will provide loan by assessing the value of property and loan amount would be between 40 to 75 percent value of property under reverse mortgage scheme. Loan will be offered at fixed interest ...