CIBIL Introduces Market Place to Give You Personalised Credit Cards and Loan Offers Based on Credit Score

CIBIL Market Place

CIBIL – India’s first Credit Information Bureau made CIBIL TransUnion Score available to banks back in Nov 2007 and to individuals in April 2011. Since then, CIBIL credit score has played a major role in the bank’s decisions of lending loans and issuing credit cards to individuals. Founded in 2000, CIBIL has massively changed the way credit life cycle is managed  by both the loan providers and end-consumers. To know more information about CIBIL, how it operates, who owns CIBIL, and most importantly how to .....

Continue Reading →

How to Start a Recurring Deposit Using ICICI Bank Online Savings Account

Recurring Deposit - ICICI Bank Netbanking Online

If you are not a very high-risk taker, you might be a bit afraid while investing in Share Markets or Mutual Funds. In such a case, there are some other types of investment like Fixed Deposits, Recurring Deposits and some Post Office schemes which have proved to be a much safer call although they don’t give high returns as compared to stocks and mutual funds. Recurring Deposits are an ideal way to invest small amounts of money every month and end up with a large .....

Continue Reading →

Factors To Keep In Mind For Your Retirement Corpus

old-couple

‘Life begins at retirement’. How true! In the old days, people spent all their working years waiting to retire at sixty, so that they could do what they always wanted to. In today’s times, thanks to the high stress lifestyle, people are looking for an ‘early retirement’ at age forty-five or fifty, tops. They want to enjoy life after that. But what is even more stressful is the answer to the question – Do I have enough (money to live out my retired years)? Most .....

Continue Reading →

Post Office Schemes like PPF & MIS to Offer Better Returns from April 1st 2012

Post Office Small Saving Schemes

There is a good news for millions of small investors in India as they will be able to earn more from popular post office schemes like Public Provident Fund (PPF) and Monthly Income Schemes (MIS). The government has raised interest rates on these investments by up to 0.5 per cent and this comes into effect from 01 April, 2012. As you might already know, the interest rates on EPF (Employee Provident Fund) was decreased by the govternment and to make up for it, the returns .....

Continue Reading →

IMPS – Instant Funds Transfer 24×7 Through Your Mobile

Interbank-Mobile-Payment-Service-IMPS

With a lot of technological advancement around us, there are many services launched to make our lives easier. That said, today I am going to tell you about a new way to transfer instant funds from one bank account to the other. If there is some urgency, and you want to make that emergency transaction for the funds to be transferred to your loved ones instantly, you have come to the right place. So, read on…!! IMPS – Interbank Mobile Payment Service is an interbank .....

Continue Reading →

Best Strategies For Successful Investing

Best-successful-Investment-strategies

As you grow old and start earning, one of the most important thing that can come to your mind is how to start investing. As you start realizing the importance of investing, there is one thought which is always pondering over your mind – which I call The “What if” situation – the fear of losing money instead of getting returns. You would like to read the below articles which will help you with this situation: The importance of Investing How to overcome the fear .....

Continue Reading →

Stealing from the Gods – Quantative Easing the ancient Greek way

Tips to Invest in Gold

Gold has always been popular in troubled times.   During the Peloponnesian War (around 431 BC) between the Athenians and the Spartans, the Athenians melted down the gold from the statue of Athene in the Parthenon in order to issue an emergency gold currency.   It’s a fashion that has continued ever since.   Recent economically choppy waters have seen record rises in gold prices. Central Banks have their own reserves of gold and although not adverse to selling it from time to time the .....

Continue Reading →

9 Tips to Remember When Choosing a Financial Advisor

How to choose financial planner

Choosing a financial advisor is an important step, for most people, to creating more wealth and financial security. Whether you’re a minor investor who just wants to keep your assets safe or have several thousand dollars to invest so that you can watch them grow, a financial advisor can help you do these things. Remember, a financial advisor is not an insurance salesperson or a stock broker, but is rather a person who will help you create an overall financial plan for your current needs .....

Continue Reading →

All you wanted to know about ULIPs Unit Linked Insurance Policies

ULIPs – many of us have heard of this term and want to learn more about it but have been unable to get the proper information as to what ULIP is all about,  who regulates them (there is a conflict between IRDA and SEBI as who is going to regulate ULIP) What are ULIPs (Unit Linked Insurance Policies)? ULIP is a life insurance policy which provides a combination of risk cover and investment. The dynamics of the capital market have a direct bearing on the .....

Continue Reading →

The Miracle of Compounding Returns – The Eighth Wonder

Benefits of Compound Returns

Some of the greatest minds in the world have marvelled over a simple, but extraordinary forceful concept – the power of compounding. Einstein called it “the greatest mathematical discovery of all time” and “the eigth wonder of the world.” The economist John Maynard Keynes described the “awesome power of compounded interest”. The Concept of Compounding The key to this concept is the way in which, given enough time, even apparently trivial amounts of money can turn into sizeable sums. In other words, the longer you .....

Continue Reading →

Financial Plans For Younger People

Financial Planning for young people

When should you start considering financial planning? Many young people cannot see the point of insurance and investments, because they feel they don’t need them, or they believe there is plenty of time left. It is only when we see what benefit, we could have had if we had invested those small amounts regularly, do we see the great loss from not planning ahead. Financial planning, insurance, good lending and investments should start as young as possible. Here is a general guide for your young .....

Continue Reading →