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It is wise to close surplus bank accounts
If you have more bank accounts than you need, then they should be closed immediately. If this is not done, then it will result in loss of money
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When to look for more earning opportunity on bank savings account?
Many banks are giving more than double the interest on savings accounts as compared to public sector banks.
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The funda of money market funds
How do money market funds work and what are the returns? Do these give better returns than bank savings accounts?
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When is a minor liable to pay taxes?
On the basis of the return earned on money invested by parents, children may also have to pay income tax.
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By creating HUF, the burden of income tax can be reduced
HUF means Hindu Undivided Family. How does this joint family unit help in reducing tax liability?
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This is how good money will be earned from unused money
If you have money lying idle for 2-3 months, then instead of keeping it in the bank, you can invest it in a money market fund
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Health insurance claims for Covid jumps to 98% in the current fiscal
Though third wave was not severe, Covid related claims have increased in FY22. Premium too remains high despite heavy financial losses
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This is how you get trapped in cash back offers
Many financial institutions are offering cash back on purchases made through debit and credit cards. These offers look very attractive superficially
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Endowment or moneyback which is a better plan?
Endowment and money back policies are very popular in the life insurance industry.
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How to assess companies' indebtedness
What is the interest rate coverage ratio? Can this give an idea of the debt condition of a company?
