Founded by Arjun Shetty, Rati Rajkumar and Adhil Shetty, BankBazaar.com is a leading financial services, technology and Internet play that enables consumers to avail of the best possible deals whilst applying for loans online.
If you pledge market-linked instruments and their value plummets, you will have to provide additional collateral, points out Sanjay Kumar Singh.
'FDs should hold your emergency funds, equivalent to around 6-12 times your monthly expenses.'
However, being Indians we still feel the need to stay connected to the place of our birth and therefore, we try to make investments in India through different avenues. Let's take a look at how Non-Resident Indians (NRIs) can make investments in India.
To minimise hardship for legal heirs, home loan borrowers must purchase additional insurance cover while taking a home loan.
Tax benefit on WFH expenses, regulatory clarity on cryptos figure high on their wish list.
Trading in commodities is just as risky as trading in the stock market. You can make the same amount of profit, if not more, from it.
'Stick to FDs of shorter tenures, preferably one-two years.'
If bank and service provider are not compliant, pay manually, or give standing instruction linked to bank a/c, suggests Bindisha Sarang.
A balance transfer to another lender entails substantial cost and time.
MCLR-linked loans are more responsive to RBI's rate movements, and rate cuts may be transmitted to borrowers in a manner useful to them.
You must remain invested in bank deposits, unless you are considering the idea of earning higher returns by moving to gilt or liquid funds, says Adhil Shetty, CEO, BankBazaar.com.
Be mindful that each instrument is governed by a different set of gifting rules and is also taxed differently.
The Reserve Bank of India (RBI) announced new rules for credit cards, applicable from July 1. "These directions cover the general and conduct regulations relating to credit, debit and co-branded cards which shall be read along with prudential, payment and technology & cyber security related directions applicable to credit, debit and co-branded cards, as issued by the Reserve Bank," the circular by RBI said. Business Standard culled out key rules from the list, and asked financial experts for advice on them, along with the thumb rules one needs to follow while using credit cards.
You can increase or reduce the sum assured of a term cover, depending on changes in your overall liability, advises Bindisha Sarang.
Their startup investments number 13 so far, compared to 17 deals in 2020.
When looking for alternatives, consider several parameters -- your investment horizon and liquidity requirement, post-tax returns, and risk.
Balanced funds are generally equity-oriented with at least 65 per cent exposure to equities and the rest of the corpus invested in fixed income securities
You can use gold as a financial instrument to diversify your portfolio into hedging against uncertainties in the market, but for ambitious returns, you must explore opportunities in other asset classes such as equities, debts and real estate, says Adhil Shetty, CEO, BankBazaar.com.
Salaried individuals may not need to file revised returns as they have only one source of income and there are lesser chances of erring while filing returns
There can be as many as six co-applicants in a joint loan.
Almost all banks that issue contactless cards provide users with a 100 per cent liability cover.
The people of the nation co-operated and patiently waited for the government's promised "ache din", and now they want their just rewards, says Adhil Shetty.
With the wedding season already in full swing, a few things to keep in minutes financially when tying the knot, advises Bindisha Sarang.
Managing your money in January will set the trend for rest of the year, says Adhil Shetty.
For those who are sceptical about using debit or credit cards, even when faced with cash crunch, Adhil Shetty, CEO of BankBazaar.com, lists out a few safe cashless options that can be exercised through mobile phones.
LIC is currently allowing customers to revive policies that have lapsed for more than two years.
Maruti is not an online outlier, of course; other heavyweights have rolled out similar services. But as an analyst pointed out, Maruti's all-India roll-out has significant impact given that it accounts for over half of all cars sold, reports, reports Pavan Lall.
Adhil Shetty, CEO, BankBazaar.com shares his thoughts on what could help make digitisation and going cashless easier in the New Year.
If your are hassled with too many EMIs, bring them all under one umbrella and pay a single amount
If you are one of those who are relying solely on your chartered account friend for all income tax assessment submissions, make sure to check for the ITR-V submission to avoid any problem in the future.
Since payment alternatives such as UPI, e-wallets and USSD - based mobile banking through different platforms are directly or indirectly linked to the user's bank account one needs to be extra careful to keep hackers at bay, explains Adhil Shetty, CEO, BankBazaar.
Insurers have eased the documentation process to file claims so that they can be settled faster
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Gold prices have eased off in recent months after the formation of a new government bringing in positive sentiment back to the stock market.
'It reduces the immediate financial strain on your family and helps you take control of your finances without being dependent on your parents.'
In case the repo rate keeps trending downwards, borrowers can expect a downward revision of their MCLR-linked loans.
Unlike bank FDs that are considered risk-free investments, NCDs do carry a certain amount of risk, primary among them is the risk of default, either servicing the interest payment or meeting their principal repayment obligations.
Deciding whether a whole life insurance plan is a smart option or not hinges on the financial situation of the insurance buyer
The details that you file regarding your income, investments and tax exemptions are verified by the Income Tax department with the details obtained as per your Permanent Account Number records.
