Personal Finance

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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Getting through the personal budget minefield, one step at a time

Most people get more mental exercise than they want when it comes to dealing with personal budget issues. The problems can range from real nuisances to quite genuinely baffling situations where they may be wondering whether they need a financial adviser or an astrologer. Some things, like home insurance, may be basically simple in themselves, but in combination with other finance issues, can be absolute pests if you don’t know how to manage the combination of expenses. Image Credit The basic answer to dealing with […]

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The ETF effect – How investors can upgrade portfolios and stay out of the rat race on markets?

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Exchange Traded Funds, or ETFs, have been making big inroads into the mutual market. There’s currently estimated to be over a trillion dollars in fund management around the world, and managed funds are paying a lot of attention to their performance. ETFs are portfolios of funds, with unit prices valued on the basis of the net worth of the fund holding. The ETFs, which are commonly index based, are also traded in real time on the stock market, and have been becoming major trading commodities. […]

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Is Payday loan the right solution for you?

payday loan

We are often overwhelmed by some unforeseen financial emergency in life and don’t know who to turn for help. Borrowing from family and friends can indeed be a humiliating thing. At that point of time Payday loan can become a blessing for you.

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7 warning signs that you have got too much debt

The world economy has not yet fully recovered from the damage caused by the global economic depression. As a result underemployment and unemployment are still quite common. Difficult climate demands prudent lifestyle. So you must get control over your finances and look out for the danger signs which indicate that some financial crisis may be approaching. The following are some “omens” which reflects the fact that you are treading along the danger avenue:

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Debt Snowball or Debt Avalanche – What is the right strategy to Combat Debt

Consumer debt is an epidemic to which the materialistic human beings are very susceptible. Multiple debts can indeed make your life a misery but do you know what’s the right way out of this suffocating situation? Financial gurus suggest a number of approaches to eliminate your debt. Among them “Debt Snowball” and “Debt Avalanche” are two popular choices.

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What is a CIBIL Credit Information Report (CIR)?

In this viral era of high spending, today everyone wants to have everything. Is there an actual need for that or not, that is a different story altogether. The irony of the situation is that today people spend much more than what their forefathers ever did. Rising salaries, the desire to own a property in one’s early twenties, the choice of a huge variety of lifestyles, a growing economy, an ever-increasing number of entrepreneurs joining the race to do something new, new business establishments, etc. […]

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