Fixed Maturity Plans Gain Popularity in Depressed Economy
Fixed Maturity Plans are time-tested investment vehicle at current yield without getting exposed to any of the interest rate risk.
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All Services Except 17 to be Taxed From July 1
The Finance Ministry said that all services except 17 in the negative list of services will be taxed from July
Read moreRBI Raises Inward Remittance Limit from 12 to 30
The RBI raised the limit on the number of foreign remittances from 12 to 30 that an individual can receive
Read moreBanks to Introduce Uniform Grievance Redress System in 3 Months
The Finance Minister asked Public Sector Banks (PSUs) to establish a uniform grievance redress system within three months in order
Read moreAll e-Banking Transactions Should be Charge-Free: Finance Minister
The Finance Minister has asked banks to make all e-banking transactions to free of charge. The Minister was appreciated by
Read moreIndians are Among Least Financially Literate: Global Survey
A global survey by credit card firm Visa shows that Indians are among the least financially literate people across the
Read moreA Certified Disease Will Only be the Pre-Existing Under Medical Insurance
The New Delhi District Consumer Disputes Redressal Forum said that a disease cannot be said to be pre-existing unless it
Read moreAssessee, Minor Children Eligible for Separate Tax Exemption: IT
The Kolkata Income Tax tribunal has clarified that long-term capital gains earned by the minors when clubbed/jointly taken with that
Read moreMF Distributors Exempted From Service Tax from July 1
Mutual fund agents and their sub-agents are exempted from service tax from July 1 for distributing or marketing mutual funds.
Read moreGrace Period of One Month for Paying Premium can be 31 Days: NCDRC
The National Consumer Disputes Redressal Commission (NCDRC) said that one-month grace period for the payment of insurance premium be taken
Read more4 Things to do Before Investing in Stock Market
It is easy to get driven by plethora of financial advertisements and articles about various products offered by many financial companies and banks. Every individual should have his own financial needs mapped out and then schedule the financial savings/investments in that order. But how do you do it?
Read moreStop Charging Prepayment Penalty on Floating Rate Home Loans: RBI
The Reserve Bank of India (RBI) has already proposed not to levy prepayment or foreclosure charges by banks on home
Read moreCertificate of Deposit Rates to Rise Further on Liquidity Crisis
Short-term borrowing rates in India are expected to rise due to the credit crunch in the banking system. These rates
Read moreBanks Plan to Set up Loan Recovery by Auctioning Mortgaged Property
Here is a piece of bad news for loan borrowers! Think twice before taking loans, as you might simply lose
Read morePolicyholders May Benefit From IRDA Draft Norms on Claims Settlement
The new draft norms by the Insurance Regulatory and Development Authority (IRDA) on health insurance sector may help policyholders expect
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