Page 743 - Personal Finance

Have an inoperative bank account?

It will work out cheaper to revive the account. If it remains idle for too long, balance would be transferred to the depositor awareness fund

A supplementary cover at best

Bajaj Allianz's Surgical Protection Plan allows only 50% of sum insured to be claimed

Are you a first-time borrower?

A steady bank balance and ensuring cheques don't bounce would help get a good credit score

EPFO decides to fine PF trust flouting investment rules

The surcharge will be applicable at the rate of 0.0025% on deviation in investment in govt bonds from the mandated level till 2013-14

Now, independent bank a/c for minors

NO parental guidance required for above 10-year-olds

Avoid similar NFOs

Unless the mandate is widely different from the schemes you own, it makes little sense to invest in these

Don't invest in similar NFOs

Unless the mandate is widely different from the schemes you own, it makes little sense to invest in them 

Financial planning for a volatile 2014

With the Sensex returning 15% over the past year, it may make sense to play it safe till things are clearer on a number of fronts

Vasai-Virar emerging out of Mumbai's shadows

The satellite area is emerging as a hub for affordable housing near Mumbai

Case study

Don't panic if documents are lost

File a complaint, place newspaper announcements and approach the authority concerned for a duplicate

Banking rally doesn't support fundamentals

With data indicating the banking system is not in the best of health, the surge lacks depth

Get ready for single-window payment for all bills

RBI's proposed centralised bill payment system is set to revolutionise how you pay your bills. This is the way it will work

Mutual funds gain currency among politicians

An analysis of election affidavits filed by those fighting the ongoing elections shows that a large number of contestants have invested significant amounts of money in mutual funds

Guard your portfolio against volatility

Buy Nifty puts to reduce losses

Limited benefit of no-interest period in credit cards

The extension in repayment time is quite small, making it an unviable proposition

Protection or aggression?

Both have a role to play in ensuring that you have enough to fund financial goals

Have money, but not many assets to invest

According to industry estimates, funds to the tune of $3.5 billion, raised by both domestic and international PE fund managers in the past two years, are waiting to be deployed

An SIP that provides $ hedge

Such schemes need 3-5 yrs to take advantage of dollar and market risk

Dollar SIP is exchange rate sensitive, riskier

While it can help save for dollar expenditure, the same can also be done through any other international fund