Oct 242014
 
What are Split Tax Refund and its benefits?

The government has made it very easy to have your tax refund split and deposited into different types of accounts and is commonly termed as split tax refund.  This process is very convenient and can be easily done.  You just need to provide different bank account details and the amount of money for each account and the government will take care of the rest. This means that you will not need to do any of Read more…

Oct 192014
 
How to Check Universal Account Number (UAN) of EPF Portability

Provident fund portability service or EPF portability has started and the Universal Account Numbers have been allotted to the EPF account holders. For managing your EPF account, you just need to know your Universal Account Number (UAN).  If you want the UAN you can go the HR of your employer. However, even before you get in touch with HR, you can know the status of Universal Account Number (UAN) on the website managed by EPFO. Read more…

Oct 172014
 
Things you must SURELY do before Retiring

Retirement is a big thing but you can have a very happy and peaceful retired life if you plan things out well and in advance.  Here are certain things you must do before your retirement.  Build a house for yourself and your family One of the most important things to do before the retirement is getting a house for yourself and your family.  If you have been living in a rented house all your life, Read more…

Oct 122014
 
Life Insurance: What Options Do You Have?

Life insurance is perhaps one of the most unfortunate things to buy because when you consider it you are actually dealing with the topic of your death. Nonetheless, it is extremely important to have a life insurance policy because it will take care of your family after your death. Especially if you are the only earning member of the family you need to have an insurance policy which can keep your family going even when Read more…

Oct 102014
 
How are Interest Rates and Inflation Related?

We usually hear these two macroeconomic terms put together. Inflation refers to the rate at which prices of commodities and services rise and value of money decreases. So, 5% inflation rate means there is 5% increase in general price level over a year.On the other hand, interest rates are cost of borrowing the money or price of money. Interest rates are decided by central bank of any country.  Like in United States, it is decided Read more…

Oct 072014
 
‘Overdrafts and Credit Cards’, what’s a better option to borrow money?

Before finding the right option, knowing the difference between your options is important.  Overdraft is a facility given by the banks to its customers, which allows them to withdraw more money than they actually have in their account. This is like a loan given to customer by the bank, whereby it extends the credit limit of the customer. Customers can withdraw money or write cheques of greater amount than the actual deposits they have in Read more…

Oct 052014
 
‘Debt-to-income’ (DTI) ratio. What’s a normal DTI?

Many feel that the DTI aka Debt to Income Ratio is not that important a parameter when it comes to calculating the credit score. However, DTI still plays a crucial role in determining your credit health and would definitely be one of the major components considered in the credit application in case you apply for a mortgage or loan. DTI and its Impact on Credit Health The Debt to Income Ratio would help a lender Read more…