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Category: Banking And Finance
How an NRI can fight an ex parte tax order
I am an NRI and recently discovered that an ex-parte income tax assessment order has been passed against me in India, with additions under Section 69 of the Income-Tax Act…
Rs 5,000 SIP vs FD: Which gives better returns in 5 years?
Imagine this. Two friends start investing at the same time. Both put aside Rs 5,000 every month. One chooses a safe FD (fixed deposit). The other goes with a SIP…
The noisy pursuit of money versus the quiet creation of wealth
There is a joke about two economists walking through a forest. They come across a heap of dung. The first says, “I’ll pay you a $100 to eat that.” A…
Why you lose money holding precious things: The emotional tag
Have you ever tried to sell something online—an old phone or a piece of furniture? You list it for ₹15,000, convinced it’s fair because it served you well. Then the…
You can give mutual funds as gift card soon. Here is how
What do you gift someone who wants to start investing but doesn’t know where or how to begin? The Securities and Exchange Board of India (Sebi) may have an answer.…
Want a bank locker? You may be asked to buy insurance, ULIP or investment first
A customer at a private bank walked in to request a locker, a fairly routine banking need. He was ready to meet the formal requirements, including maintaining a fixed deposit…
Can you use two health insurance policies for one hospital bill? Here’s what experts say
It is fairly common for people to receive health insurance coverage through their workplace. However, some people also choose to maintain a separate personal policy purchased independently for additional financial…