Fri, Jan 26, 2024
What is the formula for saving from income? What is the way to invest from savings? How to balance savings and expenditure?
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Protect yourself from falling into the trap of misselling.. What is misselling, how to protect yourself? Understand the difference between investment advice and misselling.. Watch today in MoneyGuru, Mis-selling - Information is protection!
Thu, Jan 25, 2024
Setting goals is very important in financial planning. Make a savings and spending budget. By following all such steps you can become a successful investor. Apart from this, know in detail what are the investment mantras of experts.
Fri, Sep 01, 2023
When you avail loan against mutual funds the lender provides a loan based on the Net Asset Value (NAV) of your mutual fund units. The loan amount typically ranges from 50 per cent to 70 per cent of the NAV, depending on the fund type and the lender’s terms and conditions.
How are bullion, agricultural commodities, and industrial metals faring today? We bring you the latest updates from the world of commodities.
Thu, Aug 31, 2023
The PMJDY scheme has seen a total deposit of a whopping Rs 2.03 lakh crore since its launch in August 2014. A total of 50 crore Jan Dhan accounts have been opened so far.
Choosing between a term plan and a money back policy can be difficult as they both offer appealing benefits. However, the decision should be based on the specific needs of the insurance buyer.
As soon as you identify a discrepancy, fill the dispute form available on the CIBIL website. CIBIL score discrepancies can be resolved in less than two months, however, it can take longer if the lender disagrees with your claim and you need to appeal with CIBIL again.
Choosing a credit card with low interest rate and fees will help in saving more on credit card bills. You should also look for a credit card that offers cashback and discounts on spendings.
A retirement plan is more flexible than a pension plan and allows investors to choose how much they want to put into their pension fund alongside other savings instruments. Pension plans cannot be changed once you start investing.
Failed UPI payments or transfer to a wrong account could be a result of many factors. In such cases, without panicking it’s important to report the matter to your bank and NPCI as soon as possible.
One big mistake people make is to retire with debt and use their savings to repay their loans. This can lead to insufficient money for regular expenses and increase financial burden even after retirement.
Wed, Aug 30, 2023
Consumer durable loans aid in improving the quality of life for borrowers as they can get access to products with the help of the loan. However, such loans may come with higher interest rates compared to other borrowings.
Being a government backed long-term savings plan it’s considered as a safe investment option. Currently, PPF interest rate stands at 7.1 per cent and it’s credited to the account annually.
SBI has eliminated the need for a passbook for the registration of several social security schemes, thus, making the process easier for beneficiaries. The interested beneficiaries can visit any SBI Customer Service Points (CSPs) to complete the registration process.
EPF is a good investment scheme for retirement. The EPFO has made it mandatory for account holders to designate nominees, but there is no deadline for the process.
The deadline to verify income tax returns is today, August 30. Take a look at what data is used by the Income Tax Department to assess a taxpayer’s income.
Term insurance is a financial product that offers a specific amount to the insured for a fixed time period. Take a look at its pros and cons.
If the bank is charging a high rate of interest, it could be a good idea to prepay your home loan. This will lower the debt you owe to the bank.
Debt consolidation offers borrowers the chance to repay their debts in a systematic manner, often at a lower interest rate. It can be a good option if the individual has multiple high-interest loans.
Inflation is the rise in the value of goods and services over a period of time. Keeping inflationary trends in mind while planning retirement is the best thing to do.
From the exchange or deposit of Rs 2,000 notes to submission of Aadhaar numbers for small savings schemes, deadlines for many important financial transactions fall in September.
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