Hurdles such as approvals for repair and fixed rates can make the process time-consuming.
The Reserve Bank of India has told banks not to levy penal charges for non-maintenance of minimum balances in any inoperative account.
TDS merely means the bank will pay you the entire interest amount without forwarding the tax on it to the government.
Parents should secure thier special child's future.
Employees are often under this impression that as the employer has deducted tax at source, they need not file income tax (IT) returns.
Lending rates in certain segments may be increased; fixed depositors may lock into existing rates.
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Chests are select branches of banks authorised by RBI for distribution of notes and coins.
While stocks are at cheap valuations, the volatility can be unnerving.
Is the cost of medical cover too high? Opt for co-payments or deductible plans. Here's more on when they work the best.
While Visa and Mastercard slug it out for leadership, analysts say RuPay has the potential to cause disruption and eat into their market share.
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It depends on the assessing officer's interpretation. To be on the safe side, have a separate trading account.
Ticket prices of even low-cost airlines will go up by Rs 1,000-2,000 due to unbundling of services.
It isn't easy being a retired person. With some banks already cutting down the rate of return on fixed deposits offered to senior citizens and the Union Budget rationalising dividend taxation on monthly income plans, the higher returns and tax benefits they enjoyed are already gone.
Seek proper documentation before investing
For big amounts, loan against property is cheapest; for small ones opt for loan against insurance policy or FDs.
Cuts loan rates for third homes to regular rates.
Banks send these mails simply as a marketing exercise. It neither reflects your loan eligibility nor ensures lower interest.
Investing in such properties is high-risk proposition, as developers do not have requisite approvals. At a later stage, projects can be delayed or even shelved for lack of funds.
For non-resident Indians (NRIs), the recent relaxation in the inward remittances guidelines by the Reserve Bank of India (RBI) comes as a relief.
Lenders offer both fixed and floating rates and the period usually varies between three and five years.
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