Are Recurring Deposit tax-free in India? To clear this confusion, below I have penned down all the must-know information about Recurring Deposit. What is Recurring Deposit? Recurring Deposit is a SIP under which you have to pay a certain agreed amount for a particular time period. Unlike fixed deposit where a lumpsum amount is deposited […]
Things to Know before Investing in Fixed Deposits
Few tips for investing in Fixed Deposits Fixed Deposits are considered one of the safest and most trusted investment options in India which get tax benefits as well as steady returns. Fixed Deposits are either kept with Banks or Company but FD kept with Companies is not eligible for a tax deduction, only FD kept […]
Online FD Receipt Initiative from Bank of Baroda
In its transformation journey, the endeavor of Bank of Baroda is to digitize processes with a view to delivering ease of Banking to its customers. In this direction, Bank of Baroda has introduced the facility of Online FD Receipt/Advice in lieu of FD Receipt. Features of FD Advice: The Online FD Advice is a computer […]
How to Reduce your Loan EMI Burden?
Today getting a loan has become so easier that you can get your loan approved within a few hours of making applications. This hassle-free process of taking loans has, on one hand, made our life easier but on the other hand, taking unplanned loans has put many people in the vicious circle of EMI (Equated […]
Failed ATM Transaction but Amount Deducted/Debited
What to do if you have a failed ATM transaction but the amount is debited? A failed ATM Transaction occurs due to various reasons such as wrong PIN, technical error, ATM runs out of cash etc. but here we will discuss only the failed transactions in which amount gets deducted but the customer does not […]
Home Loan Golden Rules
Home Loan Rules you might not know The interim budget 2019 has given multiple benefits to the common man and one such benefit is the proposition of treating the second house owned by an Individual as self-occupied which means there would be no necessity on paying the income tax on the notional rent. The same […]
5 Ways to Keep From Drowning in Credit Card Debt
Stop misusing your Credit Card During the late 1900s, the credit card was usually reserved for the wealthy or for emergency situations. Since then, the thin plastic currency method has been slowly replacing the paper and coins that once filled out wallets and pockets. It’s incredibly easy to swipe the card to pay for a […]