HDFC Bank, India&rsquo;s second-largest private sector lender, on Monday raised its base rate by 25 basis points (bps) to 9.5 per cent and the benchmark prime lending rate (BPLR) to 18 per cent, according a source privy to the development.

HDFC Bank, Axis Bank raise base rate by 25 bps

Press Trust of India

Besides tuition and living, there are other expenses you must bear.

Checklist for financing foreign education

Business Standard

The equated monthly instalment (EMI) for my housing loan has increased over the last year and has started cutting into other expenses. The loan officer at my bank agreed to restructure my loan from 15 years to 25 years and lowered my EMI. Even as this has made things easier, it has increased my overall interest payment.

Debt Counselling: Sanjay Agarwal

Sanjay Kapoor, a 25-year-old resident of Bangalore, diligently invests in equity-linked savings schemes (ELSS) every year. Besides getting tax benefits under Section 80C of the Income Tax Act, it gives him the equity exposure he needs at his age. However, he is not quite sure whether his next set of ELSS investments would make much sense.

Preparing for a new tax regime

Transfer formalities at the regional transport office on purchase/sale of vehicles can take time. While the process is pending, the insurance policy continues in the name of the seller. What happens if the vehicle meets with an accident or is stolen during this period? If the buyer lodges a claim, the insurer refuses to indemnify him as the policy is not in his name. If the seller lodges the claim on behalf of the buyer, the insurer contends once the vehicle is sold, he ceases to have an insurable interest, and, hence, is not entitled to lodge a claim. Thus, though the premium has been collected, the claim is paid neither to the seller nor the buyer.

Motor insurance on auto pilot

Banks have finally started correcting their liabilities, profile and are now offering higher rates for long-term deposits.

Banks offer higher rates for deposits of longer tenures

High inflation and the sharp rise in interest rates by banks after the Reserve Bank of India's (RBI) monetary tightening has taken a toll on small borrowers&rsquo; ability to repay loans.

Highest NPAs in smallest home loan bracket

Keep additional cash to meet costs such as brokerage fee, society charges and parking fees.

Get ready for extra housing expenses

The online world is a bargain hunter&rsquo;s best friend, with discounts and deals available for a wide range of products, be it electronics, holidays, apparel or pieces of art. The latest addition being real estate auctions by banks, at a rate cheaper than the market.

Your guide to online property auctions

Charity is not an expense, but an investment for the welfare of the society. Just like other investments, it also requires due diligence.

Don't trust blindly when you donate

If you are a retail investor and had subscribed to the initial public offering (IPO) of Vaswani Industries, there is some good news. On Monday, the Securities and Exchange Board of India (Sebi) allowed retail investors and non-institutional investors to exit the stock. Ashika Capital, the merchant banker, was asked to give these investors 10 days to do the same. After the exit, Ashika Capital has to compute the allotment ratio again in consultation with the Bombay Stock Exchange (BSE) and publish the revised share allocation in all newspapers (where the issue was advertised earlier), along with the withdrawal option. However, investors opting to withdraw from the issue will get a little less, with a maximum of one per cent being deducted from the subscription amount as IPO expenses.

Retail investors can make an exit 

As the name suggests, it refers to paying a part of your yearly taxes in advance. Advance tax is the income tax payable if your tax liability exceeds Rs 10,000 in a financial year. Advance tax should be paid in the year in which the income is received. Hence, it is also known as the 'pay-as-you-earn' scheme.

What is advance tax?

But one can create a portfolio with different instruments as well.

NPS is a good retirement option

Number crunching can get boring. However, reading the details is important, especially if you have invested in the company&rsquo;s stock or plan to do so.

Fine print in annual reports

The sharpest spike in four decades is likely to have a limited upside.

Don't get into this gold rush

Have a mix of index funds, diversified equity schemes and fixed deposits.

Hold on to a lazy portfolio

Currently, all overseas Mediclaim policies have an in-built health cover, besides travel inconvenience benefits like baggage loss/ delay, passport loss, etc. Hence, there is really no choice that the customer needs to make, except which is the most comprehensive cover.

General Insurance: Gaurav Garg

A debt mutual fund scheme invests in debt papers like government bonds, fixed deposits, approved private deposits and so on. By investing in debt instruments, these funds ensure low risk and provide stable income to the investors.

What are the different types of debt funds?

Deal to give Motherson group access to technology and strengthen relationship with Europe&rsquo;s top car makers.

Peguform acquisition: Positives justify higher valuations

Harshad Mehta, Ketan Parekh or 2G, the last three decades have seen scams that have hurt the stock market badly. Besides, there have been long, listless periods, when one has been left guessing the direction of the markets. Tania Kishore Jaleel talks to three veteran investors, who, having braved the bad times, give their advice to retail investors.

Invest in companies with low debt

Onus of paying the home loan is on the buyer.

Buying under-construction property can be serious trouble

Personal Finance: Read about the smart strategies for Personal Finance Planning, Investing, Insurance, banking, budgeting, loans Tax Planning, retirement and insurance. Browse Business Standard to learn more on Personal Finance.

Personal Finance: Investing, Planning, Retirement, Loans, & Insurance | Business Standard

Read about the smart strategies for Personal Finance Planning, Investing, Insurance, banking, budgeting, loans Tax Planning, retirement and insurance. Browse Business Standard to learn more on Personal Finance.

Page 898 - Personal Finance