So, what do you do if you already have two residential properties in your name but wish to buy a third one for your child or parents with the sale proceeds of another asset? Transferring one of the residential properties or non-residential assets to your family may help in some cases. Let’s take this hypothetical…
Fixed deposits (FDs) for super senior citizens are designed to provide steady income at a higher interest rate compared to regular FDs. Several banks provide various FD schemes for super senior citizens at varied interest rates. India’s biggest lender, State Bank of India, offers the SBI Patrons scheme for super senior citizens. Who is a…
The Central Board of Indirect Taxes and Customs (CBIC) has warned taxpayers against fraudulent GST violation notices, which are being issued with the official logo and DIN number, the Finance Ministry said in a statement on Friday. The CBIC has confirmed that some fraudsters are creating and sending fake notices to taxpayers, who may or…
If you are planning to take out a personal loan, it is recommended that you compare the interest rates charged by different banks so that you can get the best deal. The interest rate charged by a bank on a personal loan is typically a function of several factors such as the borrower’s credit score,…
The central government announced that the Unified Pension Scheme will be available as an option under the National Pension System for the employees working under the government, according to an official notification on January 24. “The Unified Pension Scheme shall be applicable to such Central Government employees who are covered under National Pension System and…
If you are planning to invest in a mutual fund scheme, it is quite usual to evaluate the past returns of that scheme and compare the same with its rivals in the same category. Although past returns do not guarantee the future returns, they, however, give a sense of the scheme’s potential to grow in…
This kind of idea leads to very crucial discussions in terms of equality and justice regarding the potential stereotypes in gender-based prerequisites for loan criteria in the finance industry. Here we will discuss the various eligibility criteria based on gender and ways to improve your gender-based loan eligibility. Personal loans Personal loans are a type…
IDBI Bank launched Chiranjeevi Super Senior Citizen Fixed Deposit Scheme early this month to offer interest up to 8.05 percent per annum. Under this scheme, the bank offers slightly higher interest rate to super senior citizens i.e., those who are aged 80 years or above. The highest fixed deposit interest offered to super senior citizens…
In the modern world, taking a personal loan may be the only option to overcome urgent financial obligations. If your credit score is low, then it would be challenging to get approval from conventional lenders like banks or financial institutions. Your credit score primarily defines your loan-eligibility status in India. Scores under 600 are mostly…
In 1986 BBC made a film about a person who defrauds a bank after hacking into their systems and siphoning off money that is usually rounded off to the nearest penny. It was called Smart Money. Hisaab Barabar attempts to say a similar thing but If only good ideas were executed well! This would have…
