Monthly Archives: May 2017

Recurring Deposits

Recurring Deposits Online Recurring Deposits combine regular investing with guaranteed returns – making them an attractive option for risk averse investors The recurring deposit (RD) is one of the most basic financial products available it the market. It can be used as a tool to inculcate the habit of saving. What is a recurring deposit?… Read More »

How to withdraw EPF?

Submit your PF withdrawal application directly to the regional PF Office You may contact the Regional PF office. Get a PF withdrawal form, fill it and submit the same directly to the regional Provident Fund Office. This procedure requires identity attestation since the PF office would want to be sure whether the right person is… Read More »

Use ATM to e-verify Income Tax Return

Use an ATM to e-verify your income tax return Recently, State Bank of India and Axis Bank have started offering this facility Every year, when the last date for filing IT returns approaches, income tax assesses crowd tax-filing kiosks and the income tax department’s website. The usual last date is 31 July. During the assessment… Read More »

Capital Gains Tax for Debt Mutual Fund Returns

Debt funds Capital gains tax Short-term capital gains (if exit is within 3 years) on debt funds will be added to your income and taxed as per your applicable tax slab f you sell them within 3 years, capital gains on debt funds are treated as short term. It will be added to your income… Read More »

Disadvantages of PPF

Available through the India Post network as well as leading banks, the Public Provident Fund is the preferred retirement vehicle for the non-salaried and the self-employed. The scheme Just like the NPS, the PPF also offers a flexible structure where you can make either monthly or lump-sum investments every year. The investments can range anywhere… Read More »

What is a Credit Information Report (CIR)?

What is a credit information report (CIR)? It contains details of your credit history collated by a credit information company. At present, there are four such companies in India-Credit Information Bureau (India) Ltd (Cibil), Equifax Credit Information Services Pvt. Ltd, Experian Credit Information Co. of India Pvt. Ltd and High Mark Credit Information Services Pvt.… Read More »

Investment Needs Hierarchy

All investments are not equally important. You need to fulfil the basic investment needs first before moving on to the others We know how investing is different from just saving. If we put our saved money somewhere where it will grow, then that’s investing. However, there are a number of possibilities available when we want… Read More »

Free Credit Report every year

Get one credit report free of cost every year   In a move that is set to benefit consumers, the Reserve Bank of India (RBI) has mandated that all credit information companies (CICs) should provide one credit report free of cost to customers once a year. The customer can access it from the company’s… Read More »