For customers who want to know their individual credit rating scores, buying a credit information bureau's (CIB) report will take just a few minutes. However, trying to clear any lapses in that report could take a month. Besides, almost always, the onus of getting the lapses rectified will remain with the customer.
Brokers with national presence offer the best rates, but do shop around, online and off.
'Prevention is better than cure' seems to be the focal point of the latest action points of the Reserve Bank of India (RBI) in the Annual Conference of Banking Ombudsman. So, the apex bank is looking at setting a template of good customer service that will prevent consumer grievance.
Bought or sold property? There is a good chance the Income Tax (I-T) department will raise queries about it. While the possibilities of illegal transactions abound in such deals, the department's scope for availing documentary evidence through registrars and builders is also quite high. Therefore, a mismatch in the information filed could give rise to your account being scrutinised.
There have been complaints about bills claiming pending repayments months after the user has terminated the card contract.
Motor insurance is one place where it is easier to avail discounts - on account of your/driver's profile, car model, city, age and low claim history.
Option can be exercised only for self-applications and after a year of non-payment.
Buyers of insurance products always get confused with charges.
MMID is a seven-digit number issued by your bank for transactions through mobile banking.
The scheme will invest in gold exchange-traded funds of all Sebi-approved mutual funds, along with capital protection.
Buying units of international feeder funds is no different from buying any mutual fund unit.
Three-four funds have recently collected money from Indian HNIs, with an average ticket size of anywhere between Rs. 50 lakh to Rs. 1 crore.
Apprehensive about the July 1 switch, say there are issues to be addressed.
While taking personal loans from friends and family, one is advised to opt for cheque payments only, rather than cash, since the department may initiate further inquires to track the lender's capacity to give such a loan.
The inflows from foreign institutional investors of $29 billion last year gave the markets above-normal liquidity. This year, the trade has reversed in favour of the developed markets.
The most common, obviously, is food prices. The salaried class has several other demands too, like the taxation of perquisites such as employee stock options or Esops.
Doing so can make a big difference to your tax liability.
The recently changed State Bank of India's (SBI's) formula to calculate home loan rates has stumped many.
The price of an old car versus that of a brand new one always tilts the scales in favour of the former.
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