Page 722 - Personal Finance

Teach your child to be financially savvy

Using examples that children can understand, teach them concepts such as saving for a goal, risk-reward ratio and delayed gratification

Axis and HDFC Bank to charge their own customers beyond 5 ATM transactions

At other bank ATMs, the customers of these banks will be charged beyond three transactions

Motor policy renewals are expensive

You'll have to forfeit no-claim bonus, face hurdles such as re-inspection

Third-party investing or gifting is complicated

While insurance policies cannot be gifted to anyone except one's own children, bank FDs and mutual funds need additional paperwork

Govt banks re-evaluating ATM charges

Private sector lenders on wait-and-watch mode

Choose a young nominee for your investments

Avoid nominating parents or minors, as the former could die and the latter not be money wise

Losing my money on your risk

Demand for a natural catastrophe pool had been suggested to cover mega risks

More loan at higher rate or lesser loan at lower rate?

Youngsters whose incomes are likely to increase can opt for loans where their equity is lower even if the rate is slightly higher

Low credit offtake pushes participation by banks in MFs

As per Amfi data, banks and institutions' contribution in liquid and money mkt MFs was up 50% from March 2014

UTI's Rs.300 crore 'phantom' staff welfare fund

Employees and fund house have had no access to the money for over a decade

40 years ago...and now: From tellers to clicks

Automated banking is a boon to customers, but it comes at a cost

Case study

Debt Counselling: Mohan Jayaraman

Inclusion in municipal limits will help improve water, power supply

Hope of patient's recovery can put paid to insurance claim

Valuable tips for a value investor

Looking at the price-to-book value can be a good yardstick

How to build an emergency fund

It's important to have at least three months' salary in liquid form. This will help tide over bad times

Ulips are cheaper, yet not useful

Cost is not the only factor that one should look at. It's best to keep investment and insurance apart

EPFO to seek clarity on transaction limit in Jan-Dhan scheme

The Organisation has found that it would be unable to credit PF withdrawals of more than Rs 1 lakh to Jan Dhan Yojana bank accounts

Rethink your fixed deposit strategy

Given that interest rates are likely to fall in the coming months, lock into FDs of five to seven years now. Shop for the best rates available before locking in