There are people who have a lot of money, but don’t know how to invest or deposit it wisely. They just leave it in the bank as dead asset. Sometimes they trust their friends or relatives and invest in some foolish schemes. These schemes may or may not give them returns. This is where the Wealth Management Services come in.
‘Personal Finance’
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Plan To Avoid Tax Payment
Posted by Malvika Sampat on March 29th, 2010
Not paying the tax is a punishable crime, but making use of the various loop holes in the income tax rules, to avoid paying the tax, is not a crime. For that, you need a thorough understanding of the income tax laws and its present amendments.
How to buy precious stones?
Posted by Malvika Sampat on March 21st, 2010
Today the precious stones are not only the item related to the astrology but also being an ideal way to show your status, wealth and power.
IOB hiked deposit rates, Central Bank reduces rates of loan for doctors, revise deposit rates
Posted by Tushar Mathur on March 18th, 2010
On Monday Indian Overseas Bank (IOB) has revised its deposits interest rate. The revised rates will be effective from March 15. As per revised rates for deposits of less than Rs 1 crore for tenure of 270 days and less than one year, the rate has been fixed at 6%, while for one year to less than five years at 6.75% and five years and above at 7.25%.
Pros and Cons of having Credit Cards
Posted by Malvika Sampat on March 13th, 2010
Credit Cards are issued by banks and financial institutions. The card holder will be allowed a maximum credit line. The card holder can use it to purchase whatever he wants from the shops where the card is recognized. The price will be deducted from the card holder’s account on the due date, if the bill does not exceed the credit line. If it exceeds, he or she will have to deposit the excess in the bank before the due date or within the grace period allowed. If not, interest will be added to the balance amount for the period it stays unpaid.
