What Do Banks Do With Our Money To Make More Money?

I think, most of us already know that banks earn money by taking deposits and lending money. In simple terms, banks takes deposits from public and lends to public. The difference in interest rates is what helps them to sustain. For example- I invested a sum of money in Fixed Deposit (FD) in SBI bank for 1 year at an …

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Assessing the Major Retirement Schemes: EPS, EPF, GEPS

A pension is a kind of a retirement plan, where people receive a fixed sum of money on regular basis from a fund to which they and their employer have contributed over the period of their employment. Though many pension plans are available in the market but the most common ones are Employee Pension Scheme (EPS), Employee Provident Fund (EPF) …

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How To Do Tax Planning In 2013?

Tax planning implies the spelling out of financial goals, where by the financial goals are aligned according to the tax liabilities and taxation is managed in a legal and systematic manner. Before planning tax liability it is important that the taxpayer studies a few basics. Every taxpayer shall go through Section 80C for getting acquainted with tax planning with schemes …

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A Guide To Tax Saving Mutual Funds

The SEBI (Securities & Exchange Board India) says that taxes levied on a person’s annual income are exempted if he/she makes an investment in tax saving mutual funds. But should tax saving be the only criteria for deciding the mutual fund one should invest in? And how viable it is to rely on such funds for good returns? Let’s find …

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Five Things You Dont’ Know About Your Bank Account!

Today we are discussing some of the less known facilities offered by banks to there customers. Knowing these facilities can help you during some urgency like you want your Cheque gets credit in your bank account immediately or you want to withdraw more then the available balance from your saving bank account. So lets have a look at some less known facilities …

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How To Create Tax Saver Fixed Deposit Online?

Tax saving Fixed Deposit is one of the safest ways of saving tax. As name suggest, tax saving FD’s offers tax exemption to the investors under section 80C of the income tax act 1961. In other words, tax payers can invest under tax saving FD’s to avail tax exemption upto Rs 1 lakhs u/s 80C. Investors can invest in tax …

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Share Your Tax Saving Tips And Win Gift Vouchers Worth Rs. 5000

Saving tax is one of the most common incentives behind the investments, most of the individuals do every year. But not all tax saving schemes are profitable to a good extent. There are variety of options and investment instruments which provide tax benefits under various sections of income tax act. Different schemes and options deliver different returns, while sum are …

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Highlights Of Union Budget 2013-14

– Finance minister of India, P Chidambaram has started his budget speech for the year 2013 –14 in Lok Sabha. – This is Chidambaram’s 8th budget speech. – This is last union budget before elections. –  There is need to encourage Foreign Investment in India. – Current account deficit is a big concern. – 17% hike in allocation to Education …

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Step By Step Instructions To Register And Make Online Payments Through ezeClick?

American Express has launched an online service with the name ‘ezeClick’ to facilitate its customers. As name suggest this service helps customers make there online payments using their credit cards quite easily. ‘ezeClick’ is a unique product which is launched in India for the first time by a credit card company. ezeClick takes all your credit card details once i.e …

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Highlights Of Railway Budget 2013-14

Rail Budget 2013-14 will present today February 26, 2013 by Finance Minister Pawan Kumar Bansal in Lok Sabha. – 11:15 A.M Railway Minister Pawan Kumar Bansal has reached Parliament. – 11:59 A.M Countdown has began, few more minutes left for Rail Budget 2013. – 12:00 Live from Lok Sabha. – 12:10 P.M Some major Rail stocks before Rail Budget speech …

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Home Loan Saver Account Help Cut Home Loan Interest Costs

If you are a Home loan borrower or planning to take one then this article may be a great help for you. Buying a house is a dream of lakhs of people in our country and to fulfill this dream people land up taking Home Loan. Bank make an EMI of your loan that you as borrower have to pay …

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Basic Services Demat Account (BSDA)– Demat Account With No Annual Maintenance Charge

With the introduction of BSDA (Basic Services Demat Account) now small individual investors can open and maintain demat account for trading in securities market of India without or small annual maintenance charge. Induction of BSDA is a result of market regulator SEBI’s effort to make large number of individual investors to invest in the Indian stock market. From October 01, …

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How To Download ITR-V Acknowledgement From The Income Tax Website?

Are you planning to file your income tax return online this time? If yes, then this article will be a great help for you. If you are filing your ITR online without digital signature then you will have to send the acknowledge receipt i.e ITR-V to the income tax department in Bangalore. ITR-V is an acknowledgement receipt generate by the …

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Best Ways To Earn Tax Free Income

No one likes to pay tax on there income as well as savings/ Investments but government impose tax on almost all types of incomes earned by a resident in India. Now when just two months left for the financial year 2012 to end, being a tax payer you must be little worried to know how to save tax on your …

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Pre-Approved Home Loans- Is It Actually Helps You?

If you are planning to buy a house property for the first time and you have enough of cash to make the payment by your own than it is great but if you require to take loan for the same than it is advisable to check your loan eligibility from the lending bank before finalizing property for purchase. Whenever we …

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