Debt Funds – An Alternate Investing Avenue

Till recently, a majority of household savings were diverted into bank deposits and gold. However, with the emergence of a financial market in India, a variety of investment avenues have opened up. Savers can make use of the new opportunities available to avail higher returns than the traditional investment avenues. One of these is debt…

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CIBIL Score – Credit History of your debts

One of my friend, Vivek, had applied for a housing loan from one of the leading private sector banks. However, he was quite disappointed when he got a call from the bank that his CIBIL score was good enough to pass the internal appraisal process of the bank and therefore, the loan cannot be sanctioned…

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Banking Ombudsman – Last Mile Solution to your Banking Grievances

A couple of months back, there was a news in the media regarding HDFC Bank levying quarterly charges to its ‘Preferred’ customers. However, the best part about it was that such inclusion of the customer in the list of Preferred customers was not carrying an express consent from the customer and further, such charges were…

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Additional Disclosures in Income Tax Returns

The financial year 2016-17 has just ended and Income Tax Department has already released the income tax return forms, so as to ensure timely compliances by the citizens. While the income tax return forms have been made complicated and complex with each passing year, the data collection through Income Tax Returns (ITRs) has also been…

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Pain of Rs. 1000 Note

In a surprise move on 8th November, our PM announced the demonetization of existing series of high denomination notes of Rs. 500 and Rs. 1000 from the coming midnight. In simple words, the Govt. effectively made Rs. 500/ Rs. 1,000 notes non-eligible for any market transactions with almost immediate effect. While this move attracted lots…

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9/11 Moment for Black Money in India

While I was out for dinner with my friends a couple of days back, my mobile started ringing with constant message and Whatsapp notifications. The pace of messages was indeed alarming for me to make a quick check on what had really happened. I could read just a couple of notifications and all were providing…

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Zero Bank Balance!

Z stands for ‘Zero’ and since it is the last day of the month, this is the figure many of my salaried friends see when they check their bank accounts. this is a sad reality for many of my salaried friends. It often happens for them that the last 5-7 days of the month are spent…

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Avoid these Typical Y-Gen Habits

Money management can indeed be taken well care of especially when one is young. As one grows old, inspite of the growing earnings, the expenses grow multifold due to increasing responsibilities. So, while it is difficult to enhance the savings quotient at a later stage, it becomes difficult to control the expenses either. So, make…

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Wish to Travel Happy – Some Money Tips

While travelling is the love of the world, the money factor does not allow many of them to travel to the destinations they desire. However, it is more about managing the trip well so that you get the best value out of your money. What matters the most is how you plan your trip and…

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In the IPL Season, check your Score too!

IPL matches must be keeping you busy in the evenings these days. Keeping a watch on the scores and the points table is indeed important for the people in a country where Cricket is treated like God. However, it often helps to keep a watch on your credit score too. They hold the key to…

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