Personalfinance

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Personalfinance - Total results - 328
World Environment Day: Here are some tips to save electricity and money
Investing

World Environment Day: Here are some tips to save electricity and money

Today is the World Environment Day, and there are many ways you could do your bit towards this cause. Here are tips to reduce your electricity consumption.

Debit card PIN use: Has RBI rule put you directly in the path of fraud?
Investing

Debit card PIN use: Has RBI rule put you directly in the path of fraud?

Cyber security sleuths have detected a "black" private information stealing virus in the Indian online banking transactions space and have alerted consumers who swipe debit or credit cards at shopping counters to make payments.

Do you know difference between dirty bond price and clean bond price?
Investing

Do you know difference between dirty bond price and clean bond price?

To understand the difference between the dirty price of the bond and clean price of the bond, first we need to understand the difference between the coupon rate of the bond and yield.<br /><br />

Decoder: How credit information firms calculate credit score
Investing

Decoder: How credit information firms calculate credit score

Credit information companies like CIBIL calculates an individual's credit score through advanced analytics and assigns a number between 300 and 900 to a borrower, based on his/her credit history. The closer your score to 900, the more confidence the credit institution will have in your ability to repay the loan .

Edelweiss 11.85% NCDs open tomorrow: All you need to know
Investing

Edelweiss 11.85% NCDs open tomorrow: All you need to know

Edelweiss Financial Services Limited announced its public issue of secured non-convertible debentures (NCDs). The issue is open from 16 January to 27 January. The issue aggregating to Rs 250 crore, comes with an option to retain over-subscription up to Rs 250 crore.

JP Morgan launches fund to invest in European equities
Investing

JP Morgan launches fund to invest in European equities

This fund is an open-ended fund of funds, and is open for subscription from 17 January to 31 January. The fund will re-open on 10 February.

Changing the KYC: From Kick Your Customer to Know Your Customer?
Investing

Changing the KYC: From Kick Your Customer to Know Your Customer?

The RBI should require a strong Proof of Identity (POI) for each and every customer and a documentary proof of one national address but waive the requirement of documentary proof for the current address, for the purpose of opening a full service bank account,"a report states.

11 changes your money went through in 2013
Investing

11 changes your money went through in 2013

With a number of regulatory changes as well as some innovation in financial instruments, there were perhaps too many things to keep track off.

Christmas special: 10 personal finance tips from the Bible
Investing

Christmas special: 10 personal finance tips from the Bible

The tips are so mind boggling that it looks like modern day financial planners have borrowed a leaf from ancient scriptures to make the foundation principles of modern day personal finance.

Can you afford to ignore RBI's retail inflation indexed bonds
Investing

Can you afford to ignore RBI's retail inflation indexed bonds

It is an inflation-indexed bond which come with a face value of Rs 5,000. This is also the minimum amount you can invest. The maximum amount is Rs 5 lakh.

Relief for borrowers: SBI, HDFC cut home loan rates
Business

Relief for borrowers: SBI, HDFC cut home loan rates

Borrowers who are looking for a loan above the loan amount of Rs 75 lakh will have to pay 15 basis points more, that is 10.30 percent. For women borrowers, the bank has also announced a discount of 5 basis points. The new rates will be effective from 20 December.

RBI's New Year gift: CPI-linked savings certificate by month-end
Investing

RBI's New Year gift: CPI-linked savings certificate by month-end

MUMBAI: To offer a hedging option to investors who are getting a negative real rate of return due to high inflation, RBI governor Raghuram Rajan on Wednesday said the apex bank will launch the consumer price inflation (CPI)- indexed savings certificate product by this month end. <br /><br /> <br /><br /> The rate of interest for the product's inaugural run will be 1.5 per cent above the annual average of the CPI. <br /><br /> <br /><br /> "We are coming out with inflation indexed certificates (IISC) tied to the CPI this month. That will give savers the opportunity to invest in assets that produce real returns," Rajan told analysts after presenting his mid-quarter policy review. <br /><br /> <br /><br /> "The real return is being fixed at 1.5 per cent for this first roll out of IISC," Rajan said. <br /><br /> <br /><br /> CPI index rose to the nine-month high at 11.24 per cent for November on the back of an increase in food items. <br /><br /> <br /><br /> Rajan had earlier announced the product in his first interaction with reporters on the day of taking charge as the head of the central bank and announced that it will be launched by November. <br /><br /> <br /><br /> The certificates will be second in a series of products after the Inflation Indexed Bonds (IIB) which have been launched to counter the effects of price rise for investors. <br /><br /> <br /><br /> IIB is linked to the whole price index-based inflation. <br /><br /> <br /><br /> Rajan on Wednesday reiterated that offering real rate of returns is very much on the mind of the central bank. <br /><br /> <br /><br /> It can be noted that the negative rate of return is one of the main issues why investors are moving towards physical assets like realty and gold, which have driven away investors from financial instruments to physical assets like the high current account deficit and a worry about a potential asset bubble forming up.

HIV/AIDS patients will have to pay higher premium for life insurance
Investing

HIV/AIDS patients will have to pay higher premium for life insurance

Insurance Regulatory and Development Authority (IRDA) Chairman T S Vijayan said insurance companies will provide life cover to persons with pre-existing illness, but the pricing will be based on commercial considerations.<br /><br />

Strive for a 12-18 month clean track record in credit reports: Experian
Investing

Strive for a 12-18 month clean track record in credit reports: Experian

A credit report is the banking system's perception about an individual and so it is important to scrutinise it for any errors and keep it up to date with information, said Mohan Jayaraman, Managing Director, Experian Credit Bureau.

Your pension fund returns may increase. Here's why
Investing

Your pension fund returns may increase. Here's why

The proposal still needs the approval of the Employee Pension Fund Organisation Board before implementation.

How to deal with an increases in your home loan interest rate
Investing

How to deal with an increases in your home loan interest rate

So, how do you deal with a rate hike? Is there a right strategy?

EPFO settles over 10 lakh claims in October
Investing

EPFO settles over 10 lakh claims in October

Retirement fund body settled 10.21 lakh claims including transfer and withdrawal of Provident Fund in October, which is 28% more than such settlements in September this year.

Ways to handle a friend who wants to borrow money from you
Investing

Ways to handle a friend who wants to borrow money from you

Lending money to a friend is not a very good idea. This is because we tend to remember the loans we give, but forget the loans we take. And this phenomenon, where borrowers conveniently forget that they owe money to a friend, is called 'blind spot'.

Celebrating Diwali on a tight budget? Here are your options
Investing

Celebrating Diwali on a tight budget? Here are your options

Here are a few tips to celebrate Diwali on a shoestring budget.