Personal Finance News Updates

Gold
What's the difference between Gold ETFs and Gold mutual funds?

India is the second-highest gold consumer in the world after China. This shimmering financial asset also acts as a hedge against inflation and deflation. Today, people invest in gold in multiple ways like gold ETFs, Gold Mutual Funds, purchasing jewellery, etc. Here, you’ll learn the differences between gold ETFs and Gold Mutual Funds.

  • Monday, 14 November 2022
  • Gold
Buying a house
Congratulations on buying a new house, learn how you can save taxes

Whether you're a first-time buyer or purchasing a second home as an investment, you can take advantage of tax breaks on home loan interest and the principal amount. Here are the tax benefits of using a home loan to finance your property purchase

NEFT and IMPS
What is NEFT and IMPS mode of money transfer and how are they different

If you want to transfer the money you can use either of these online methods. Account holders in India prefer NEFT and IMPS methods of online fund transfer. Know what they are and the difference between NEFT and IMPS

  • Monday, 14 November 2022
Home loan can save your money
How you can harness your home loans to help you save money

No matter how much your income is, if you want to save your money, then a proper financial planning is a must. If you are a salaried person, you must have some plans to save your income tax every year.

Credit card
Four things to keep in mind if you are using credit card for the first time

Everyone needs some quick cash to meet their unforeseen financial emergencies. If you approach a bank for a loan, it’ll take you forever to get your application approved. The next best alternative to put your money crunch problem at bay is via a credit card.

Motor Car Insurance
Worried about your new car insurance premium? Here's the hack to reduce your insurance cost

The no-claim bonus is the most sought-after method to reduce the cost of motor insurance premiums. This is a benefit that an insurance company offers the policyholder in exchange for taking care of the vehicle and not making an annual claim.

Finance
Why is CIBIL score important while applying for loans?

Getting a loan in today’s time is a bit cumbersome as it involves a lot of verifications. And of the many criteria that the lenders opt for before approving the loan, is to check the CIBIL score.. It’s a three-digit figure issued by Credit Information Bureau of India Limited. This score ranges from anywhere between 300 to 900.

Investment
Should you choose shares or mutual funds, which is a better option for you?

Despite the fact that mutual funds frequently contain stocks too, mutual funds and stocks have distinct characteristics that can appeal to a wide range of investors with different needs and financial goals. Scroll down to know the key characteristics of stocks and mutual funds.

Property
Young execs prefer to rent rather than buy a property, here’s why

Many people wonder why youngsters these days are preferring to rent rather than buy a property of their own. Do they not want the security of a roof of their own on their heads? Do they shy away from financial liabilities that such a purchase may bring? We look at the whys of this decision.

Best money management apps that you can use for budgeting your expenses
Best money management apps that you can use for budgeting your expenses

Effective personal money management begins with financial planning. It consists of three key components: a realistic budget, well-defined financial goals, and real-time tracking.

Personal Finance Journey
Five things you must know when you begin your personal finance journey

The secret to building wealth lies in the early start of your finance journey. But before you begin, consider these five important things.

Centre’s Diwali gift for ease of living of govt employees, pensioners
Centre’s Diwali gift: Portal launch for ease of living of govt employees, pensioners

The Portal for Pension Payment and Tracking System is being integrated with Pension Seva portal of SBI and this would enable Pensioners to get all information and services at one place with single login.

  • Thursday, 20 October 2022
Money management
Four easy tips for money management which will enhance your finance

Having a better job won't improve your personal finances. What will help is improving your money management skills, so you can save, invest and achieve financial goals that you once thought were impossible.

Gratuity
Understanding gratuity in your employment letter

Gratuity is a statutory right of an employee and not a bounty offered by an organisation. For all of you who are not aware of what gratuity is, when it is paid, what is the eligibility criteria and how it is calculated, scroll down. Gratuity is a statutory right of an employee and not a bounty offered by an organisation. For all of you who are not aware of what gratuity is, when it is paid, what is the eligibility criteria and how it is calculated, scroll down.

RBI repo hike: Check revised home loan interest rate in banks
RBI repo hike: Check revised home loan interest rate in SBI, ICICI and other banks

In its monetary policy announcement dated September 30, the country's central bank RBI raised the repo rate by 50 basis points to 5.90% to combat inflation.

  • Tuesday, 04 October 2022
scrollToTop