Found 26 Questions for Insurance & Investment

What are the golden rules for handling your money?

Dev Kumar
Updated on 26-Jun-2020 12:14:45
There are many interesting descriptions of money - "like water", "slippery", "fuel" and lot more. It has been defined on the basis of perceptions by different individuals in different situations. For some it has viscosity like water, and therefore needs to be held in place; in other words, it needs to be saved and managed securely.Managing May Also Be InvestingWhen we talk about managing money, it usually refers to the proper utilization of money which includes expenditures, investments, and incomes. It depends on the individual how he sees his expenditures because, in many situations, they tend to become investments, e.g. ... Read More

I have recently sold a property worth Rs. 20 Lakh but I have no clue where to invest this money and get decent returns. Please suggest!

Dev Kumar
Updated on 28-Apr-2022 09:31:02
Hopefully, you sold it at a much higher price than what you had bought it for. One great thing about real estate is that there's no depreciation in the value and there is guaranteed appreciation although the percentage varies, which is absolutely normal. Now, if this was the only piece of real estate you ever had, then you should focus on acquiring another property that is more compatible with your present situation, e.g. conveniently located from your place of work, potential of infrastructure development in the near future, secure gated community and other standard amenities that most residents expect. Having ... Read More

How can I increase my monthly savings?

Rashmi Iyer
Updated on 13-May-2022 07:32:13
Inflation has hit many areas of in the lives of the people. Each and every product from electronics to grocery has hit skyrocket price. Hence, there is always a burden on each individual as the expenditure is on the higher side leaving no scope for savings. People are often in a fix on how to save sufficiently each month.Here are some methods that can help in increasing the monthly savings:Spend only on NecessitiesThe excessive expenditure often happens when the individual is keener to spend on luxury items than the necessities. These luxury items pinch your pockets and often need to ... Read More

Other than Insurance, which product gives me more return than Fixed Deposit?

Om Sharma
Updated on 28-Apr-2022 05:27:51
Go for PPFVery much popular as a long-term investment plan, PPF (Public Provident Fund) can be one of the profitable investment options for you as the Government of India has recently announced that the interest rate on PPF will be revised every year. However, for the year 2017-18, PPF account holders will get an increased interest rate of 8.1 percent. Also, many government and private banks are offering profitable PPF plans with varied interest rates. More important, You get the tax rebate on investing in PPF.Mutual Fund (SIP)Investing in share market through mutual funds is a practice done widely with ... Read More

What are the latest interest rates on loans set by SBI and other banks?

Om Sharma
Updated on 29-Apr-2022 08:02:40
India’s biggest banks like SBI, ICICI, and PNB have hiked their deposit and loan rates and made the way for interest rates to head only one-way-up. SBI has increased marginal cost based lending rate (MCLR) by 0.20% for the duration of 1 year and 0.25% for three years. This will directly influence your EMI.Now suppose, you have taken a home loan of 20 Lakh then you have to pay Rs 253 additional for the next installment. Similarly, PNB has raised the MCLR by 0.15%. The new rates will be applicable from March 1. So, if you are planning to take ... Read More

How does bitcoin currency work? Why is it so controversial?

Om Sharma
Updated on 20-May-2022 08:27:14
Bitcoin is nothing but cryptocurrency or can also be called digital currency. The rules of cryptography for regulating and generating of units of currency are used in this currency. Bitcoins are the most priceless among all cryptocurrency. It is also generally called a decentralized digital currency.How Does It Work?They are totally virtual coins created to be 'self-contained' for their value, emitting the hassle of moving and storing, especially for banks. They have the value of just like the bars of gold in your pockets. These bitcoins can be used to buy goods and services online, or you can keep them ... Read More
Advertisements