Page 783 - Personal Finance

Shield yourself from errant bankers

RBI guidelines on wealth management services offered by banks aim to assist customers by increasing transparency and reducing mis-selling

Tipping point

Realty check

Budget: Rs 1 crore to Rs 1.5 crore

Banking: Prashant Joshi

Change in data release timing will not help

The decision to give data after market hours will not bring down volatility. But prudent traders might keep more margins in hand

More opportunities for NRIs

NRIs can lock into NRE/NRO fixed deposits, buy real estate and invest in long-term equity investments

Maternity cover to get costlier

With Irda mandating broader & longer definitions on ambit, insurers say a 20-25% rise in policy cost is inevitable

Risk-averse should take the index fund route

Unlike actively managed funds, index funds eliminate fund manager risk

Smart strategies for your retirement kitty

Senior citizens with a regular income can be more aggressive in terms of equity investments

Fallout of Infy's positive numbers

Dollar earners will benefit due to weak rupee, but don't buy any IT stock

How to earn more from your fixed deposit

Go for banks that deduct TDS annually while paying interest quarterly. This improves your returns substantially

Single-premium products are useful for some

Despite reduction in tax benefits, people with erratic incomes should go for these

I-T captures transactions to nab tax evaders

Penalty can be levied at 100-300% tax evaded, while tax is imposed at highest rate of 30%

Lessons for the stock market

Experts say retail investor does not need to look at the indices on a daily or even monthly basis and should invest regularly

Using overdraft facility for short-term financing

Overdraft facility, not many people are aware of this facility from banks against their assets to finance short term needs

Five ways of investing in yourself

Your future is your best investment and if you are not taking the basic steps in managing the quality of your life, you may be missing the mark.

All you wanted to know about the New Pension System

The investment in NPS is to be maintained until maturity/retirement. Upon retirement, a part of your corpus will be allowed to be withdrawn as lump sum, and the balance will be mandatorily paid out as

Union Bank of India cuts base rate by 25 bps to 10%

Union Bank is the third public sector bank to reduce the base rate

New insurance portability rule changes little

No insurer is willing to take a customer with a claim history in the past three to five years. Additionally, insurers don't believe portability will be profitable on the back of additional waiting per

Small savings collection targeted at Rs 700 crore in FY 14

Khurda district is expected to contribute most to the small savings collections at Rs 85 crore