Money Management

Most banks lay down a condition that customers must maintain a minimum balance in their savings account. You can be penalized for not keeping the minimum balance. There is no limit on the penal charges that a bank will charge for the non-maintenance of the minimum balance.

National highways were a sore sight with hundreds of vehicles waiting at toll plazas to pay toll charges before driving away. The entire process of drivers making payments with cash and receiving a ticket in return from toll keepers could be very slow and time-consuming most of the time..

It’s the season to celebrate and rejoice! The festive season is right around the corner, and what better way to get into the spirit of the season than by indulging in some retail shopping therapy?

The general employment scenario has changed in the modern times. During the decades of 70-80s, more and more individuals preferred being employed either with the government or the public sector companies. With the globalization of the Indian economy in the 1990s, employment with the private sector like software and other service industries such as the BPOs and KPOs gained popularity.

The Employees’ Provident Fund (EPF) is a savings scheme introduced under the Employees’ Provident Fund and Miscellaneous Act, 1952. It is administered and managed by the Central Board of Trustees that consists of representatives from three parties, namely, the government, the employers and the employees.  The Employees’ Provident Fund Organization (EPFO) assists this board in its activities. EPFO works under the direct jurisdiction of the government and is managed through the Ministry of Labour and Employment.

Leaving on a vacation is always a pleasure. It sets your mind free from the mundane and routine activities that you keep doing all through the year at work or home. Planning for vacation does take a lot, right from getting your tickets, accommodation, sightseeing, packing, etc. While you are excited about doing all those activities, we wish to remind you of the important financial tasks that you should not forget doing before you set off.

Credit cards can be a boon or bane based on their usage. A credit card is a powerful financial tool if you know how to use it responsibly. And at the same time, it can turn out to be a dangerous beast in your life if you fail to use it carefully.

Pradhan Mantri Jan Dhan Yojana is a scheme that was launched by the Government of India to ensure the financial inclusion of all the Indian citizens who do not have a bank account in India. It was a nationwide scheme that was launched in August 2014. This particular scheme aims to provide access to financial services such as banking, saving accounts, deposits, credit, insurance and pensions in an accessible manner to all Indian citizens.

There have been several schemes launched in our country to empower women to become self-reliant and independent. You may have noticed that there are special conveniences offered to women such as separate seating arrangements in public transport, special coaches in trains, reservation in jobs, exclusive scholarships, interest rate concession in education loan schemes and special insurance schemes, etc.

As much as we wish that money was not important, it is hard to deny that finances are extremely important in our life. If not used efficiently, lack of financial resources can put you in a bad spot. But of course, mistakes are made at times, but they are always corrigible. Let us see how simple lifestyle changes can put your finances back on track 

we know you are excited to try out your hand in the stock market. As the last part of our series here are 10 golden rules you need to remember while trading

Debt Mutual fund is a financial instrument to invest in fixed income securities, treasury bills, Government and corporate bonds, Money market etc. These funds can be open ended or closed type and the returns comprise interest income and capital appreciation or depreciation in case the market conditions are unstable.

Whenever anyone talks about shares , what they are really talking about is common stocks. These are the basic stock that is available in the market providing equity to the buyer granting ownership in a company and a claim on a portion of the company’s net profits. Common stockholders also have the right to elect the board members of the company. These stocks will not provide any fixed income in the form of dividends as it is not mandatory for the company to pay dividends. Instead the buyer can sell the stocks for higher prices than what they bought it for making profits.

Are you one of them who rush into gathering resources in the last-minute to save tax? Often, many fail to plan their tax deduction and still many are not aware of the investments and expenses that can be claimed for tax deductions under various sections of the income tax act. To help you out, we have compiled 10 most overlooked tax deductions that can fetch you tax benefits.

Many people wish to buy a car or two-wheeler once they secure a job. Though it is a necessity, investing in a depreciating asset or liability would bring additional expenses to you. There are lot of investment options that keep growing and all you may have to do is invest a minor part of your income into it. Make a thorough research and invest smartly to enjoy the benefits abundantly.