The internet has a lot of con men trying to rob you of your money through scams - whether it is someone wanting to transfer money from eastern Europe or some widow of a war lord in Africa asking for your help.Now, a new scam has emerged that is targeting Indians specifically - it is also in the … [Read more...]
New Internet Scam in the name of Income Tax (IT) Refund and How you can stay safe
December 2, 2011 by ·
Positive Changes For Small Saving Schemes and Public Provident Fund (PPF) – What It Means For You
November 14, 2011 by ·
The Government had recently announced many small changes that should bring cheer to you!This includes changes in Post Office Savings Accounts, Post Office Monthly Income Scheme (PO MIS), and Public Provident Fund (PPF).Following are the details and their implications for … [Read more...]
Interest rates on Savings Accounts deregulated – What does it mean for you?
October 31, 2011 by ·
On 25 Oct 2011, the Reserve Bank of India (RBI) made an announcement that it has deregulated the interest rates for savings accounts in banks. The History So far, the interest rate earned by the money in your savings account was fixed and regulated by RBI - it has been 4% per … [Read more...]
RBI relaxes bank account and foreign exchange rules for NRIs & PIOs
September 21, 2011 by ·
The Reserve Bank of India has announced some changes to foreign exchange and bank account norms for Non Resident Indians (NRIs).This has resulted in further liberalization of the Foreign Exchange Management Act (FEMA).Following are the changes. Holding joint account with resident … [Read more...]
NSE Introduces S&P and Dow Jones Derivatives – Should You Invest?
August 27, 2011 by ·
The National Stock Exchange (NSE) would be launching derivatives based on S&P and Dow Jones indices from 29 Aug, 2011. … [Read more...]
Your Provident Fund (PF) account balance now available online
July 13, 2011 by ·
Your PF account details including the latest account balance can now be checked online. Read on for more details. … [Read more...]
Are Mutual Fund (MF) entry loads coming back?
June 27, 2011 by ·
Sometime back, the Securities and Exchange Board of India (SEBI) abolished entry loads for mutual funds. But now, there have been indications that agent commissions might be coming back. Read on. … [Read more...]
All about “teaser rate” home loans – And what its end means for you
December 6, 2010 by ·
Some of the large banks in India have announced that they are stopping the “teaser” rates for home loans. Is this good for you, or bad? How does this effect you? Find out! … [Read more...]
Interest rates in India moving up – Deposit and lending rates increased by leading banks
December 4, 2010 by ·
Some of the largest banks in India have announced a hike in interest rates. Here are the details. … [Read more...]
SEBI doubles retail investment limit in IPO to Rs. 2 Lakhs
November 22, 2010 by ·
The Securities and Exchange Board of India (SEBI) has increased the limit of IPO investment for retail investors to Rs. 2 Lakhs from Rs. 1 Lakh. Read on for more details and the significance of this decision for you. … [Read more...]
