- A Simple Guide To Recurring Deposits (RD)
A Recurring Deposit (RD) is a popular investment option in India, allowing individuals to deposit a fixed amount monthly and earn interest over a predetermined tenure. Here's a comparison of RD interest rates offered by…
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- NPS vs PPF: Which is Better for Investing?
When planning for retirement or long-term savings, National Pension Scheme (NPS) and Public Provident Fund (PPF) are two of the most popular government-backed options. Both have distinct features and benefits tailored t…
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- Credit Cards with Low Interest Rates
Low-interest-rate credit cards are ideal for those who prefer to carry a balance on their credit cards or plan to make expensive purchases. Typically, interest rates between 1.5% and 2.99% per month are considered low. …
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- Car Loan Interest Rate Comparison for 2024
| Bank Name | Interest Rate (p.a.) | EMI for1 lakh (7 years) |
|-----------------------------|-------------------------------|-----------------------------------|
| State Bank of India |…
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- Home Loan Interest Rates of Banks in India
| Bank | Starting Interest Rate (p.a.) | Processing Fees |
…
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- 15 Best Savings Plans In India
1. National Savings Certificate (NSC)
Interest Rate: 7.7%
Tenure: 5 years
Features: Tax-saving investment under Section 80C, guaranteed returns.
2. Senior Citizen Savings Scheme (SCSS)
Interest Rate: 8.2%
Te…
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- Investing In Post Office Schemes Is A Secure Way To Grow Your Savings, As These Schemes Are Backed By The Government Of India
Post Office Recurring Deposit (RD):
Interest Rate: 6.7% per annum (compounded quarterly).
Tenure: 5 years.
Minimum Deposit:100 per month; no maximum limit.
Features: Ideal for accumulating a substantial corpus through…
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- Fixed Deposit Interest Rates for Senior Citizens
Senior Citizens enjoy higher interest rates on Fixed Deposits (FDs), making them a popular and safe investment choice for retirement savings. Here's a detailed look at the current scenario, benefits, and selection tips …
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- The Basics of Fixed Deposits (FD)
A Fixed Deposit (FD), also known as a term deposit or time deposit, is a low-risk financial instrument offered by banks, post offices, or NBFCs (Non-Banking Financial Companies). It allows you to earn a fixed interest r…
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- Handbook on Travel Insurance
1. Travel Insurance Overview
Scope of Coverage:
- Medical Expenses: Cashless or reimbursed treatments.
- Personal Accident: Compensation for injuries or death.
- Baggage Protection: Coverage for loss, delay, o…
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- Saving For Your Elder Sister's Marriage
Key Points to Consider:
Focus on Financial Independence:
- Encourage your sister to become financially self-sufficient through education, skill-building, or job opportunities.
- Financial independence offers long-…
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- Term Life Insurance In India
Key Points:
Lack of Term Plan Promotion:
- Websites like "Sabse Pehle Life Insurance" do not prominently advertise term life insurance. It's often hidden in glossaries.
- IRDAI’s regulatory efforts have yet to mak…
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- Tips and Insights for Buying Residential Property Solely for Rental Income:
Key Considerations Before Buying:
Understand the Local Real Estate Market:
- Research rental demand, average yields, and property appreciation trends in your target area.
- Properties in gated communities with am…
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- Understanding the EPF Passbook Structure
Here’s a breakdown of the terms and calculations related to your EPF (Employee Provident Fund) passbook:
Key Columns in the Passbook
EPF Wages:
- The monthly base salary considered for EPF contributions.
- Typica…
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- Calculating Real Estate (Self-Use) Investment Return: Myths and Reality?
Your calculations on whether buying a house is better than renting are thoughtful, but there are some nuances and potential issues. Let’s break this down and address key factors in detail.
Summing it up from the Origin…
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- Are Guaranteed Income Schemes Worth It?
Guaranteed Income Schemes like Tata AIG’s Fortune Guarantee Plus are often marketed as safe, predictable financial products. However, these schemes often fail to deliver when evaluated against alternatives. Here’s a brea…
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- Negotiating The Price Of An Apartment With A Builder
Negotiating the price of an apartment with a builder is an art that requires preparation, strategy, and a good mix of emotional intelligence and assertiveness. Here are some practical tips shared by experienced buyers t…
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- The 4% rule
The 4% rule, popularized in Western markets, is a guideline for determining how much one can withdraw annually from their retirement savings to ensure the money lasts for 30 years. However, translating this rule to the …
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- Types of Joint Accounts in India
What is a Joint Account?
A Joint Account is a bank account shared by two or more individuals, such as family members or business partners. All holders have equal access to funds and can manage transactions collaborativ…
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