- Auto Sweep Facility: Smart way to make your money work harder (Oct 09, 2008)
- Equity Investment is Risk Free – Here's the Proof (Oct 06, 2008)
- Income Tax (IT) treatment of House Rent Allowance (HRA) (Oct 03, 2008)
- Only paid out arrears to be subject to TDS for government employees (Sep 30, 2008)
- An introduction to Technical Analysis (Sep 28, 2008)
- Retirement money: How to invest, where to invest (Sep 25, 2008)
Also translated in Hindi and published in Dainik Bhaskar
Articles : Definition of Residential Statuses: Resident, RNOR, NRI, PIO
From the point of view of Income Tax (IT), a person can have different “resident” statuses: Resident, Resident but Not Ordinary Resident (RNOR), Non Resident Indian (NRI) and Person of Indian Origin (PIO).This article defines these statuses, and explains the difference between each.
Read full article: 'Definition of Residential Statuses: Resident, RNOR, NRI, PIO'
Articles : An Introduction to Islamic or Shariah Compliant Banking
Recently, there has been a lot of discussion in the media about Islamic Banking. This article explains what Islamic or Shariah Compliant banking is, how it works, and what are the products offered through it.
Read full article: 'An Introduction to Islamic or Shariah Compliant Banking'
Articles : Early retirement – Why a fixed deposit (FD) is not a good choice
Many people are aspiring to retire early. The big question is: How to get a steady cash flow every month once you retire?The traditional approach is to park money in fixed deposits (FDs), and use the interest every month to take care of day-to-day expenses.
But is it the right alternative? Can it sustain the cash flow till you live? This article shows that a term / fixed deposit (FD) is not the best choice for someone retiring early.
Read full article: 'Early retirement – Why a fixed deposit (FD) is not a good choice'
Articles : Permanent Account Number (PAN) for an NRI and a PIO
If you are a Non Resident Indian (NRI) or a Person of Indian Origin (PIO), you would definitely be faced by this question: Do I need a PAN card? Can I transact in the stock market / shares without a Permanent Account Number? Can I buy or sell property without a PAN card? How do I get a PAN card, where do I apply? What is the procedure? Here are your answers!
Read full article: 'Permanent Account Number (PAN) for an NRI and a PIO'
Articles : You are 30 – Think of 50: Impact of inflation on your budget
It is 2008, and you are 30 years old. You are in your prime, are progressing well, and life looks very comfortable! What would the scenario be like in 20 years, when you turn 50? How would the prices of essentials be? How would your monthly budget (and expenses) be affected by price movements?
This article discusses these things, and tells you how to keep yourself away from financial trouble in spite of inflation.
Read full article: 'You are 30 – Think of 50: Impact of inflation on your budget'
Articles : An Introduction to Reverse Mortgage
This article defines what Reverse Mortgage is, explains how it works and discusses various aspects of Reverse Mortgage. It also talks about its advantages and disadvantages, and discusses if it is right for you.The article also has details about the reverse mortgage products offered by Punjab National Bank (PNB), Indian Bank, State Bank of India (SBI) and Corporation Bank.
Read full article: 'An Introduction to Reverse Mortgage'
Articles : Home Loan / Mortgage Insurance – What to Buy, How to Buy
You bought a house using a home loan / mortgage. Your career is flourishing, and you are sure there would be no problem in paying-off the mortgage.But what if something happens to you? Would you like it if the heavy burden of a home loan falls on your dependents? What is they have to vacate the house due to non-payment of the loan?
This article emphasizes the importance of buying insurance to cover a home loan liability. It also discusses various methods (traditional term insurance policy and loan cover term assurance) that can be adopted to secure this insurance.
Read full article: 'Home Loan / Mortgage Insurance – What to Buy, How to Buy'
Articles : Change in interest rate: Impact on floating rate home loan, EMI and tenure
The interest rates have been very volatile in the last few years. A couple of years back, the rates were going down. And they have been moving up for some years now.What effect does a rate change have on a floating rate home loan (or mortgage)? Does it change the amount of the EMI? Does it alter the tenure of the repayment period? Let’s explore.
Read full article: 'Change in interest rate: Impact on floating rate home loan, EMI and tenure'
Articles : All you wanted to know about Senior Citizen Savings Scheme (SCSS)
The Senior Citizen Savings Scheme (SCSS) is often referred to as the best alternative for the elderly to invest their money. Is this justified? Here's a detailed look at all the features of the Senior Citizen Savings Scheme, and an analysis of whether you should invest in it or not.
Read full article: 'All you wanted to know about Senior Citizen Savings Scheme (SCSS)'
Articles : When “at-par” is not so good: New Fund Offer (NFO) versus existing MF schemes
Many people get attracted to a New Fund Offer (NFO) because it is available at par, or at face value of Rs. 10. But does it actually mean that the units are cheap or inexpensive? Is there any advantage of buying MF units during an NFO compared to buying units of an existing scheme?This article talks about New Fund Offers (NFOs), and why they should be avoided - in favour of old, established schemes having a good track record.
Read full article: 'When “at-par” is not so good: New Fund Offer (NFO) versus existing MF schemes'
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