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  • How to Ensure Your Loan Doesn't Get Rejected

    How to Ensure Your Loan Doesn't Get Rejected

    Unless and until a prospective bank or financial institution thinks that you are loan worthy by taking a look at your Cibil score, your plans of getting access to easy credit may get squashed.

  • PF Body Seen Getting Rs 79,000 Crore Contributions in FY15

    PF Body Seen Getting Rs 79,000 Crore Contributions in FY15

    The Employees' Provident Fund Organisation (EPFO) has estimated an over 14 per cent increase in incremental deposits at Rs 79,377 crore this fiscal year.

  • How to Pay Off Your Home Loan Faster

    How to Pay Off Your Home Loan Faster

    Till about a couple of years back, one had reason to be worried about the prepayment of one's home loan because of the costs involved. But that does not hold true any longer, with the RBI having directed banks and financial institutions to do away with any penalties on floating rate home loans.

  • Handling Tricky Clauses in a Home Loan Agreement

    Handling Tricky Clauses in a Home Loan Agreement

    The home loan agreement is usually a 50 page document that most borrowers don't have the patience to study in detail. However, all such agreements have a few tricky clauses that protect the lending institution, and may compromise the interest of the borrower. Thus one needs to be aware of these clauses and the means to deal with them. Some of such tricky clauses are listed below, with a few suggestions about how to deal with them.

  • Government Approves 8.75% Interest Rate on PF Deposits

    Government Approves 8.75% Interest Rate on PF Deposits

    According to the EPFO's income projection, payment of 8.8 per cent rate of interest would have left a surplus of Rs 77.15 crore. But since the income projection of Rs 29,136.42 crore for the current fiscal was done without factoring in interest payment burden due to enhanced wage ceiling, EPFO had suggested to fix 8.7 per cent rate of return on PF deposits for 2014-15.

  • RBI Working to Remove 2-Step Security for Small Online Transactions

    RBI Working to Remove 2-Step Security for Small Online Transactions

    India's central bank currently requires online transactions undergo a two-step verification process.

  • Use Credit Cards a Lot? Five Tips to Save More

    Use Credit Cards a Lot? Five Tips to Save More

    Amit, a frequent traveler, was a Bangalore-based entrepreneur. He was spending for all his ticket purchases with his debit card, till a friend suggested him to opt for a travel-centric credit card. Amit applied for one such card, which collaborated with various domestic and international airlines offering discounted fares. Now, he could save money a lot on his travels as every rupee spent on booking tickets and accommodation got added to his card's air miles, helping him save on his next buy.

  • PF Body Trustees to Discuss Investment in Equity on Friday

    PF Body Trustees to Discuss Investment in Equity on Friday

    The trustees' will also discuss reducing maximum time for settlement of various claims and payment to beneficiaries under EPF, Pension and Employees' Deposit Linked Insurance scheme to 20 day from existing 30 days.

  • DDA Housing Scheme: Unsuccessful Applicants May Get Refund by December 24

    DDA Housing Scheme: Unsuccessful Applicants May Get Refund by December 24

    The Delhi Development Authority (DDA) said on Tuesday that it would refund the deposited money of unsuccessful applicants in its 'Housing Scheme 2014' by December 24.

  • Individuals' Wealth in India to Double to Rs 514 Lakh Crore by FY19: Report

    Individuals' Wealth in India to Double to Rs 514 Lakh Crore by FY19: Report

    Faster economic growth will help individuals' wealth in India to more than double to Rs 514 lakh crore over the next five years, while growing at an annual rate of about 15 per cent, a new report said on Tuesday.

  • RBI Governor Rajan for Incentivizing Domestic Savings

    RBI Governor Rajan for Incentivizing Domestic Savings

    Ahead of the forthcoming Budget, Reserve Bank of India (RBI) Governor Raghuram Rajan on Friday pitched for incentivizing domestic savings to boost investments in the country.

  • Salaries in India Likely to Rise by 10.5% in 2015: Report

    Salaries in India Likely to Rise by 10.5% in 2015: Report

    A turnaround is expected globally during 2015 in terms of salary, with companies in India likely to dole out an average pay hike of 10.5 per cent, according to a report by HayGroup.

  • PF Body Considering Enhancing Exposure in Private Sector Bonds

    PF Body Considering Enhancing Exposure in Private Sector Bonds

    As much as 10 per cent of incremental investment is allowed in the private sector category as per the current investment guidelines.

  • Your ATM Usage Pattern Need Not Hurt Your Pocket

    Your ATM Usage Pattern Need Not Hurt Your Pocket

    If you are the kind of person who has the habit of hopping across to your nearest ATM to withdraw small amounts of cash, because you cannot really rely on the use of plastic money, or are still not compatible with the idea of internet banking, there is a piece of bad news for you.

  • Difference Between CTC and Take Home Salary Explained

    Difference Between CTC and Take Home Salary Explained

    The happiness of getting the first job is unparalleled. Ankit Sharma, 22, an engineering graduate, was happy as he got placement through campus interview and was offered a salary package of Rs 3.6 lakh annual CTC (cost to company). From the first day itself, he was planning what all he wanted to do with his first salary. But the excitement got punctured when he received the much-awaited pay slip.

  • Eight Ways to Keep Your Credit Card Safe

    Eight Ways to Keep Your Credit Card Safe

    While credit cards have made our wallets lighter by replacing cash, rising frauds related to them raises concern too. Therefore paying attention towards the security of your credit cards is a must.

  • PF Body to Float Tender for Engaging New Fund Managers: Report

    PF Body to Float Tender for Engaging New Fund Managers: Report

    The Employees' Provident Fund Organisation (EPFO) will float a tender on December 9 for appointment of new fund managers for a term of three years beginning April 1, 2015.

  • Credit Card Declined? It Could be One of These 8 Reasons

    Credit Card Declined? It Could be One of These 8 Reasons

    While carrying a debit or credit card makes our life simpler, many a times it can be a bummer. Especially when you are in a store in front of people and trying to make a payment and the swipe gets declined.

  • Hoping for EMI Relief? Banks Signal Good News

    Hoping for EMI Relief? Banks Signal Good News

    Borrowers hoping for some relief on EMIs may have reasons to cheer. State Bank of India, the country's biggest lender, on Friday indicated that it could cut lending rates outside the Reserve Bank's policy review cycle.

  • RBI Doubles Pre-Paid Card Limit to Rs 1 Lakh

    RBI Doubles Pre-Paid Card Limit to Rs 1 Lakh

    Relaxing norms for pre-paid payment instruments (PPI), the Reserve Bank of India on Wednesday doubled the card limit to Rs 1 lakh.

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