Category

Finance

Category

According to a recent report published in the Economic Times, around 78% credit card users in India tend to make timely payments in full for a billing period. This large section of users paying bills on time leads to an all-time low delinquency rate for the country as compared to other competitive nations in the league. Paying bills in full and on time highly depends on consumers spending habits, repayment capability and habit of checking credit card statement.

What is a credit card statement?

It is a report comprising all the necessary information related to your credit account. This contains information related to –

  1. Account summary
  2. Information on payments made by a user
  • Late & minimum payment warning
  1. Notification for any credit account-related changes
  2. Rewards summary
  3. Interest calculation & fee paid

All such information mentioned in the credit card statement is necessary for users to analyse their financial standing and to determine the benefits availed by using credit card.

Since credit card statements are generated for every billing cycle, it will not include any transactions made on dates before or after this period. So, make sure you check the billing cycle dates carefully before coming to a conclusion that transaction history is missing from the list or any such instances. In any case, a consumer can reach out to credit card customer care to clear out on any discrepant data.

Furthermore, there can be two possibilities because of which unknown transactions can be listed in billing statements.

  • Careless utilisation of credit cards

Many times consumers forget to keep track of the spending they make using their credit cards which causes them financial burden at a later point of time. So, credit card users must always keep track of their spending and know how to use a credit card wisely to minimise careless expenditure of available credits.

  • Fraudulent transactions

There can be cases of fraudulent transactions in case your credit card was stolen, or you made payments via an unsecured gateway or swiped cards at an unverified merchant. If this is the case, raising a complaint against the fraudulent transaction can solve your problem.

Individuals may reach credit card customer care to get detailed information on such transactions and report such instances. Consequently, consumers should opt for credit cards that give protection against such fraudulent transactions. Bajaj Finserv RBL Bank SuperCard is one such card that provides users with robust security features ensuring protection from fraudulent transactions. Apart from security against threat, ease of application is another factor up for consideration while choosing the suitable credit card for you.

To aid consumers with a simplified application procedure, non-banking financial companies like Bajaj Finserv facilitate users with pre-approved offers. These offers are available on credit cards, home loans, personal loans, business loans, along with several other financial products. Check your pre-approved offer by sharing required details such as name and contact number.

Furthermore, each user should have knowledge about all the information included in a credit card statement to tally the spending made by them during a billing period. Referring each section’s account summary, consumers can get detailed information about the purchases or spends they have made during that time. It contains date of transaction, amount of transaction, merchant name or ID, etc.

Any user can select a transaction and check its detailed information before trying to know how to pay credit card bills as paying for unknown transactions isn’t financially beneficial for any individual. Consequently, individuals should check their credit card bill statements thoroughly for unknown transactions. These statements are usually sent via mail or can be accessed online by browsing to the lender’s website.

The special seasons are finished and the festivals are finished. Presently it’s an ideal opportunity to anticipate the new year and every one of the open doors it brings. With regards to goals, the concentrate consistently appears to revolve around appearances and hitting the rec center. Maybe this year it merits considering hitting the money related plans with payday loans.

image

There are a couple of basic advances you can take without anyone else to improve your money related circumstance. The conspicuous one, obviously, is to oversee your spending. While that appears to be sufficiently basic, it’s amazing how overpowering this can appear. So start with the essentials. Make a rundown of all your necessary month to month costs; not your needs, yet your must have’s. Incorporate things, for example,

– Rent or mortgage payment

– Home or renter insurance

– Property taxes

– Utilities including hydro, phone, internet, tv

– Auto insurance

– Fuel and/or bus pass

– Food

Also Read :EASY WAYS TO SAVE MONEY

It’s January and the Year of Horse is around the bend. It’s an ideal time to make new year goals using cash advance. Notwithstanding investing more energy with your friends and family, and driving a more advantageous way of life, have you added budgetary objectives to your rundown?

Checking out your money related wellbeing is as significant as your psychological and physical health as it causes you accomplish your life objectives. Find a way to grow great cash the executives propensities and cause your cash to go further:

Create a budget:An incredible spot to commence your new year cash goals is to make a financial limit. When you have done as such, you can more readily comprehend where your cash goes, organize your needs and needs, and deal with your spending limit to make a decent living. Start now with our spending organizer.

image

Budget for festive spending:The Chinese New Year is drawing nearer, you can act presently to draw up a financial limit for your CNY spending. In the first place, decide the amount you can bear to spend, at that point investigate your rundown to ensure it doesn’t surpass your arranged spending plan with payday loans.

save money: Likewise, don’t simply take a gander at the bundling and brands, it’s essential to think about costs. Now and then you find marked merchandise may not really superior to the non-marked ones. Less brand-cognizant and buying just the need can assist cut with costing altogether.

Set savings goals : What are your money related objectives, going for get-away, purchasing a house, getting hitched? Are these objectives sensible under your money related position? Set aside this ideal effort to set reserve funds objectives for 2014 or even a more drawn out term, for instance taking care of your obligation and charge card charges, the up front installment on your new home using payday loans, or an excursion to Brazil for the 2014 FIFA World Cup. When you have define your objectives, you can utilize our investment funds objective adding machine to turn out the amount you should spare normally and to what extent it will take to arrive at your reserve funds objective.

image

Review financial plan : Like a solid eating routine and an activity plan, a spending limit and an investment funds plan are just comparable to how well you stick to them. Hence, it’s a smart thought to set up an opportunity to audit your own funds on customary premise, say each week. Additionally, keep up an agenda to monitor how you are getting along consistently, with the goal that you can make any vital adjustments on your budgetary arrangement. If necessary, you may meet with your money related guide to audit your objectives and plans normally too.

Manage your debt

Obligation is neither intrinsically great nor awful—it’s just an instrument. For a great many people, some degree of obligation is a commonsense need, particularly to buy a costly long haul advantage for take care of after some time, for example, a home. Nonetheless, issues emerge when obligation turns into the ace, not the a different way.

In case you’re probably going to move inside five to seven years, you could consider a shorter-development advance or a movable rate contract (ARM), contingent upon current home loan rates and choices. Try not to consider this on the off chance that you figure you may live in your home for more, or will most likely be unable to oversee contract installment resets if loan fees or your arrangements change. We likewise don’t recommend that you acquire cash under the presumption that your home will consequently increment in esteem. Truly, long haul home gratefulness has altogether slacked the absolute return of an enhanced stock portfolio. Also, for an obligation, have a taught compensation plan.

There’s in no way like a brand new year to persuade us that the sky is the limit – including getting our financial houses altogether. For a considerable lot of us, debts are a consistent wellspring of stress and uneasiness. In fact, for certain individuals, debt can trigger sentiments of helplessness or misery.

Nobody needs to live that way. Regardless of whether you’re in a little debt or a loan, there are steps you can take to oversee your accounts, improve your FICO assessment and FICO score using payday loans, and make yourself feel much improved. Yet, defining your objectives, and afterward choosing how you will accomplish them, is a large portion of the fight.

To help you with making concrete financial strategies, start with the following goals and afterward work out the strategies to make the methodologies successful.

  1. Create a Budget

Check out your normal salary for the year. Likewise take a gander at need consumption for the year – lease, protection, EMIs, youngsters’ training costs, medicinal services, nourishment, and utilities and so on. Take a gander at optional use, for example, eating out, way of life, travel and so on. The key is to make significant distributions towards need things, discover approaches to lessen consumption, and increment reserve funds and interests in any way conceivable. Probably the best thing you can accomplish for your funds is set a financial limit. The monetary allowance ought to be attainable. Ensure that your lodging, nourishment, and utility expenses are around what you typically pay.

Payday loans in Australia
Payday loans in Australia

Also Read: Arrange Cash Quickly

  1. Try to Pay Off Debts

On the off chance that you can do as such, trying to priorities paying off expensive credit card debts or advances. This is on the grounds that you could wind up paying more in enthusiasm on the debt than you are gaining on your investment funds. Before you consider refreshing your sparing propensities, it’s a smart thought to organize squaring away expensive debt like charge cards or advances.

  1. Establish an Emergency Fund

Everybody is powerless against unanticipated emergencies. Without appropriate arranging, your spending limit could self-destruct should one emerge. In the event that you haven’t just done as such, it’s critical to build up a backup stash. This will ensure you in the event that you experience any kind of unforeseen crisis without burning up all available resources.

Payday loans in Australia
Payday loans in Australia

Your fund should be at any rate of 2 to 3 months’ worth of costs. This reserve may require a significant stretch of time to set up; however the individual monetary opportunity you gain from having it merits the pause.

 

  1. Prepare a Tax Plan Now

New Year is the best time to set up your assessment plan. This is a critical piece of your accounts. You ought not to leave it pending for the last a very long time of the money related year. Regularly, individuals overlook charge arranging during that time and afterward wind up making inadequately thought, rushed budgetary choices as the year-end cutoff time draws near. On the off chance that you plan your assessments well, you’ll have the option to show signs of improvement returns on your speculations, ensure better health and life inclusion for your family, and have the option to spare more duties. In this way, counsel your expense guide and make an assessment sparing arrangement now.

  1. Pay Down Your Credit Cards

In the event that you owe cash on your Credit cards, decide the amount you can sensibly stand to pay off during the year. For best outcomes, do whatever it takes not to charge extra buys on those cards while you’re attempting to settle what you owe. On the off chance that you have high- interest credit card balances, think about whether it would be progressively useful to take care of those high-intrigue obligations or to add to your investment funds.

 

Conclusion    

Be mindful of setting an excessive number of or unrealistic financial goals. Else, you might be not able to achieve any of them. Accept this open door to rehash your money related goals basically and unmistakably for the New Year. It might be a smart thought to keep up an agenda to monitor how you are getting along consistently so you can make any important adjustments. Consider meeting with your budgetary guide to survey the objectives and targets that you have set up.

A SIP is a way of investing in mutual funds. It enables you to invest a fixed sum in a mutual fund plan at regular intervals that you can pick.

Invest in SIP lets you choose from an automatic contribution process by which a fixed amount fixed sum gets deducted from your savings account on a daily or monthly or quarterly or half-yearly basis and is directed towards the preferred mutual fund plan.

How does it work?

SIP works on the simple model of consistency of investments. They work like recurring investment of a stipulated amount, which gets deducted directly from an investor’s bank account at fixed intervals.

Once the investor does SIP, the mutual fund house apportions you with a certain number of units of the plan you have decided to invest in, depending upon the plan’s Net Asset Value (NAV) for the day. With every SIP payment, the investor gets additional units of the plan.

Since every time the plan units are purchased at different rates, hence, with the same SIP amount invested at regular intervals, your money gets you fixed units of the mutual fund plan during rising  and falling of markets.

Hence, a SIP allows you to lower the average cost of your investment and decrease the risk of your investment by distributing your purchase price over time. This is known as rupee cost averaging.

Additionally, if you invest in SIP, it allows you to constantly increase your investment amount by a fixed amount and get the advantage of compounding as you earn returns produced from your investment. This is called the power of compounding.

Advantages of SIP

Small amount required: A SIP lets investors start off investing in mutual funds with an amount as low as INR 500. Thus, the SIP mode of investment is easy on the pocket of investors. Additionally, the low investment condition reduces the financial threat linked with lump sum investments.

Compunding power: When you invest in a SIP, an investor increases your investment by a specific amount at regular and fixed intervals. By maintaining the returns invested along with the principal amount, an investor gets returns om investments also under the SIP mode of investment. It is known as the power of compounding.

Low risk: Mutual funds invest in equity and debt investment tools which are unstable due to stock market and economic changes. Thus, with the same money, an investor purchases fewer units of a mutual fund when the market is bullish and more during bearish markets. Thus, SIP allows an investor to decrease the average cost of his or her investment and the risk associated with it by spreading the purchase price over time. This model is known as rupee cost averaging.

Automatic process: An investor can go for an automatic SIP deduction. For this, you need to give a one-time directive to your bank for making your SIP payments, and your money gets invested in the scheme automatically at the periodic interval picked by you. This saves you from the hassle of filling forms and doing unnecessary documentation and issuing cheques or logging on digital platforms every time you make a SIP contribution.

The best SIP to invest in, depends on the market situations and to lower your risk it is best to seek the advice from a reputed wealth manager.

Personal loans are one of the most accessed options by people in a financial distress. Banks and financial institutions are offering a wide range of loan schemes to borrowers at a competitive interest rate. Rates and terms vary from lender to based on an applicant’s eligibility for a personal loan. 

Tata Capital and Fullerton India are one of the best NBFCs that offer a personal loan to different segments of customer in India. Before you conclude a lender, you must compare personal loan interest rates, other charges, repayment policies and so much. Here is a layer by layer comparison.  

Tata Capital personal loan

Tata Capital is a leading NBFC (Non-Banking Financial Company) in India registered with the Reserve Bank of India (RBI). Tata Capital offer a host of banking and financial products and services. A personal loan is one of key products offered by Tata Capital. Personal loans are offered at affordable interest rate with flexible repayment options. 

What makes Tata Capital personal loans a must-have?  

Multipurpose personal loan: A personal loan availed from Tata Capital can be used for multiple financial purposes, including higher education, medical emergency, wedding, home repair, debt consolidation and a lot more. 

Minimal paperwork: You can get a personal loan from Tata Capital online and by visiting the nearest branch. The application procedure needs minimum paperwork, after approval, the loan amount is transferred into the borrower’s account immediately. Tata Capital makes sure that its customers have a hassle-free experience.

Collateral-free personal loan: No need to submit any asset to get a personal loan from Tata Capital. You have to provide personal and financial details about you such as your income flow, credit score, job or work stability and documents you have. Based on these details, your eligibility is determined. 

Instant disbursal: After document submission, Tata Capital verifies your documents. Once approval is done, you can immediately get a personal loan through Tata Capital’s secure platform. 

No part pre-payment charges: You can prepay the loan after paying 6 EMIs on Tata Capital personal loan. There is no prepayment charge if you pay up to 25% of your personal loan amount.

Overdraft facility: Borrowers can get additional loan on top of the existing loan amount up to an agreed limit on a Tata Capital personal loan. Interest will be charged only on the amount you use. 

Affordable interest rates: Tata Capital personal loans are available at attractive interest rates, starting from as low as 10.75% per annum, which is lowest in the market. Applicant with a good credit score and income can qualify for the best loan and lowest rate. 

Flexible and user-friendly repayment: You can choose from the EMI options as per your cash flow.

  • Standard EMI plan: In accordance with Standard EMI Plan, your EMI will be same throughout the loan period.
  • Step Up Flexi EMI Plan: Pay lower EMI at the beginning and increase the EMI as your salary increases under Step Up Flexi EMI plan. 

Fullerton India personal loan

Fullerton India offers a personal loan to self-employed individuals and salaried employees alike. You can apply for a personal loan up to Rs. 25 lakh from Fullerton India. The personal loan is available at attractive interest rate for multiple purposes such as home repair, medical expenses, weeding, higher education and exotic vacation. Fullerton personal loan can be availed for up to 60 months.

Why should you get a personal loan from Fullerton India?

 

Fullerton personal loans have a host of benefits:

  • Flexible loan amount: A personal loan from Rs. 60,000 up to Rs. 25 lakh can be availed for various reasons. Final amount will be decided based on the repayment capacity.  
  • Minimal documentation: Minimal documentation is required to apply for a Fullerton personal loan and the entire process is digital. 
  • Attractive interest rate: Fullerton personal loans are offered at attractive interest rates starting from 12%.
  • Instant disbursal: If you fulfil all the eligibility criteria, Fullerton India disburses a personal online within 30 minutes of approval.
  • Flexible eligibility criteria: Fullerton India personal loan has very flexible eligibility criteria; borrowers with lower credit score can also get the loan from Fullerton.    
  • Additional benefits for existing customers: The existing customers of Fullerton India can get a host of extra benefits, including top-up loan, digital query servicing and flexible repayment tenure. 

Compare personal loan interest rates and other features of Tata Capital and Fullerton personal loans

Feature Tata Capital Fullerton India
Age limit 22 years to 58 years
  • Minimum age required is 21 years at the time of application 
  • Maximum age limit is 60 years
Income criteria Minimum monthly income Rs. 15,000 For applicants residing in Mumbai and Delhi minimum net monthly salary/ income is Rs. 20,000

For others net monthly salary/ income should be at least Rs. 15000

Loan tenure From 12 month to 72 months From 12 months to 60 months
Rate of interest Starting from 10.75% Starting from 12% p.a.
Processing fee Up to 2.5% of the loan amount + GST Up to 3% of the loan amount + GST
Loan amount Rs. 75,000 up to Rs. 25,00,000 Rs. 60,000 up to Rs. 25 lakh
Penal interest 3% on overdue amount + GST 2% of overdue EMI per month calculated on a daily basis
Post-dated cheques Rs. 850 + GST Rs. 500 for replacement of post-dated cheque to ECS
Cancellation charge 2% of loan amount + GST Rs. 500
Foreclosure charges No prepayment allowed till first 6 months of loan disbursal

4.5% of the principal outstanding at the time of prepayment + GST

Foreclosure charges on Fullerton India personal loan are as under:

  • Loan closed between 7 – 17 months – 7% of principal outstanding 
  • Loan closed between 18 – 23 months – 5% of principal outstanding
  • Loan closed between 24 – 35 months – 3% of principal outstanding
  • Loan closed after 35 months – Nil
Outstation collection charge Rs. 100 + GST
Part prepayment charges No part-repayment is allowed in first 6 months

After 6 months, no part-prepayment charges for loan up to 25% of the loan amount

Part prepayment charges 2.5% + GST (on amount over and above 25% of Principal outstanding)

Note: Rate of interest is subject to periodic change and will be based on an applicant’s age, income, credit score and other eligibility criteria. 

This is a comprehensive comparison between important features of Tata Capital personal loan and Fullerton personal loan. Borrowers can use the personal loan EMI calculator online to figure out the EMI of both lenders.

Property management is a booming industry across the United States. It’s worth billions of dollars and there are new companies trying to make a name for themselves every year. Florida property management is constantly evolving and new trends are continuously shaping this effervescent industry. Every business owner has to know the top trends dominating the industry in order to stay ahead of the game.

Let’s take a look at the main trends we’ve seen this year and are also expected to be visible next year:

Technology Trends

Technology is changing the whole economy as we speak, and the same is true when it comes to Florida property management. Agents, landlords, investors, and property managers are all trying to implement new technology features into their projects and plans. The cloud sharing features make communication among tenants, managers and owners much easier, smart technology amenities change how we manage real estate portfolios and how clients interact with the properties. Tech plays an immensely important role these days, with important improvements in the years to come. Here are a few things to pay attention to:

  • Landlord Communication and Interaction
  • Security
  • Social Communities
  • Energy Conservation
  • Fitness

Automation is, by far, the most important technological feature in property management, according to Florida commercial real estate brokers. Automation allows electronic payments, efficient management of portfolios and real-time communication. Brokers who still process invoicing and payments manually are losing a lot of time and will find automation a major advantage in the years to come. Also, automation can help with payment confirmation, paperwork and documentation management, as well as tax, insurance and maintenance management. Practically, every aspect of property management can be automatized.

The Demographic Shift

Now, millennials are the main market for rental properties and most projects are aimed at them. These future trends show that Generation Z will be the new clients of rental properties. The data confirms this – Generation Z is expected to rise from 8 million people to almost 55 million people, in just a decade. Gen Z is also accustomed to technology, so the shift will be double-edged – both technology and the demographics of the market will change. When these people will become the new customers, Florida commercial real estate brokers need to adapt to their preferences and standards. This means focusing on new tech and features, like:

  • Free Wi-fi In All Real Estate Properties
  • Secure Online Payments
  • Docking and Charging Stations
  • High-Tech Fitness Centers
  • Keyless Door Entry
  • Outdoor Fireplaces and Heaters For Increased Comfort

There Will Be New Players On The Market

The real estate market remains one of the most attractive ones for investors. This translates into a lot of new investors coming every year. Established Florida property management companies have to be prepared and learn how to adapt to these new investors permanently.

Being a rental property owner means running a company, and managers have to be serious and professional when doing business. While beginner real estate investors may not fully know the intricate details of this market, their stamina and competitive nature can make them serious adversaries for already established companies. Simply put, before you know it, there’s a new competition – and they are good. Always pay attention to new players on the market, especially in a growing real estate environment.

Marketing Trends In Property Management

The property management world has already been influenced by modern marketing strategies, and this trend is expected to evolve during the next decade. Marketing is all about getting new clients, and new marketing strategies are always trying to get more visibility, expand the customer base and help the public understand these types of services. Digital marketing, for instance, is the backbone of these new marketing strategies. Digital marketing is cheaper, is quicker, and more effective than traditional marketing — and it works!

Property management companies spend a large chunk of their budgets on digital marketing, including blogging, video content, infographics, social media marketing, email marketing and various other types of new media marketing. The world is changing and the property management business has to be a part of the trend.

Lead Generation – Developed By Software

Leads are the backbone of any real estate business – every Florida commercial real estate broker will tell you that. Leads have always been important in real estate, but during the next decade, most of it will be done by specialized lead generation software. There are tens of tools designed just for that – to bring property managers the leads they need in order to grow their business.

Modern property management businesses are based on data. The information you gather about the market, the properties and the potential clients are what will make your business successful in the future. The software helps property managers decide which property is a good investment, how to manage the portfolio and how to make sure they are creating the right portfolio for their clients.

Apartment rental will still be high

The population in the United States is growing and Florida is no exception. The booming economy, the warm weather, and the immense possibilities make Florida one of the most attractive states in the country. When you also take into consideration that 80 percent of renters still believe renting is more affordable than owning, the rental market seems to be very lucrative. And it is, and it is expected to be even more lucrative in the future. People are looking for apartments to rent more than ever. In fact, there is an estimated 11 percent increase in demand for rental apartments every year. Even though this demand causes a spike in rental prices, the demand is still there and will grow in the future. This is particularly true in more attractive areas of the state, like Miami, Orlando, Tampa and Fort Lauderdale. Apartment construction is also booming, to meet the growing demand, so we are expecting to see important changes in this sector.

As stated previously, in order to remain successful in these developing times, remaining focused on the trends and implementing these changes will help you stay ahead of the curve. Consider these trends and see which one works for you.

We are a leading firm of accountants based at TimaxWell.co.uk. Our staff has years of experience providing tailor-made solutions to both individuals and businesses. We take into account the individual needs of each client, evaluate their situation openly, and find the best of them to minimize tax liabilities and help them achieve an economically secure future. Recommend our areas of expertise are in both business and personal taxation. In this way, we are prepared to deal with the unique tax situation as well as the general needs of daily accounting. When you are looking for a qualified, professional accountant in Barking, please contact our firm.

TaxWell.co.uk offer chartered accountants and registered auditors, banking, accounts, tax and business consulting and support services at Height. There is a wide range of individuals and individuals. Whatever you need, we can help. We work hard to provide you with timely and individualized advice on how you can improve your business and personal wealth. Our chartered accountants in UK services for more information on how we can help you and your business. Visit our Resource Center to access a lot of information or check out your free facts. We maintain our enviable reputation for providing excellent advice and first class service to our business and personal clients alike. We have local and community and service businesses, small and large, small and large, in many fields. An experienced, chartered accountant, with registered auditors and experienced auditors and experienced auditors. They have businesses.

Provides expert advice and support to help you achieve your financial goals. Our goal is to always provide the highest level of service in everything we do. We put the time and effort into making sure we understand a client’s business and its needs so that we adapt to our vision and advice that we seek to achieve maximum results. Give we always start with a thorough understanding of you and your business to make sure we build our approach to your business. This ensures that we provide you with expert accountancy and tax advice that you and your business need. TaxWell.co.uk wants to be a trusted partner, with whom you can get strategic business advice and insights on how to grow your business. Provide a level of service. We put the time and effort into making sure we understand a client’s business and its needs so that we develop the vision and advice we give to get the most results possible. Our experienced Chartered Accountant team at TechWell.co.uk registered auditors provides expert advice and support to clients and their businesses.

Fixed deposits are among the most popular investment options in India and it should form a part of your investment portfolio as well. Fixed deposit (FD) in India provides a risk-free return at a decent interest rate compared to similar investment tools in other countries. Here are the key reasons you should consider making it a part of your investment strategy:

  • High safety assurance: PNB Housing’s fixed deposits carry an FAAA/Negative rating by CRISIL indicating low credit risk
  • No tax deduction: No tax is deducted at source on interest earned on fixed deposits up to Rs. 10,000 in a given financial year.
  • Loan facility: In case of an emergency, you can take a loan against your fixed deposits at a reasonable interest rate.
  • Premature cancellation: Most fixed deposit schemes allow you to withdraw your money at any point after a brief lock-in period at a nominal penalty on the interest earned.
  • Nomination: In accordance with the guidelines provided by the National Housing Bank, a nomination facility is available on all PNB Housing fixed deposits. In the case of a depositor’s unfortunate demise, both the repayment of the principal and the payment of any interest is made to the nominee.
  • Higher interest rate for senior citizens: PNB Housing provides the best FD rates in India. It also offers a 0.25% higher rate on senior citizen fixed deposits.

 

Non-Resident Indians (NRIs) Fixed Deposit

As per the latest RBI regulations, NRIs and Persons of Indian Origin can open a fixed deposit in India only on a non-repatriation basis. That is, the interest earned on the fixed deposit in India and the principal deposit amount cannot be transferred back to the country of residence or converted to foreign currency. The maximum tenure available on such deposits is for three years. Both the repayment of the principal amount and the payment of any interest earned is done only through a credit to the depositor’s NRO account. Tax will be deducted on the interest earned, as applicable.

If you are looking to invest in fixed deposits in India:

  1. Visit the PNB Housing website
  2. Click on the “contact us for deposits” button
  3. Provide your contact details and the amount you would like to deposit
  4. PNB Housing would get in touch with you to take the process forward.

Alternatively, you can submit the duly filled application form along with the proof of address and age, and the deposit amount at any of the PNB Housing branches or at select PNB Housing collection centers listed here. If you are an NRI or PIO, you will also have to provide the details of your NRO account.

Depending upon your financial goals, You can choose between Cumulative and Non-Cumulative Deposits. In the case of former, the interest earned is credited back to your fixed deposit account on an annual basis and paid out on maturity. This allows you to build a corpus as the interest compounds over the years. On the other hand, a non-cumulative fixed deposit pays out the interest earned at an agreed-upon frequency allowing you to generate a regular income from your investments.

 Stock market investing has become a common phenomenon in every part of the country. People all over India invest in one or other forms of security like stock, shares, debentures and other financial instruments which are traded upon the online stock exchange. With an increase in the customer base who are regularly investing at the stock exchange, regulatory bodies digitized the stock exchange and the related process. Stocks and shares are traded on an online stock exchange in a dematerialized format. Moreover, with the increase in regulations, customers started to find it difficult to invest in shares and understand the investment procedures. A beginner may feel intimidated due to certain prerequisites that must be fulfilled. With the dematerialization of shares and digitization of stock markets, it became necessary to appoint an intermediary who can help individuals and traders with the stock market investment.

Stockbrokers help traders with the investment procedure. They provide various services and support individual traders at every stage of the stock market investment. Moreover, they trade on behalf of the traders and companies indulged in the business of stock market investment. Their main goal is to help the traders by investing in securities that can provide sufficient returns in the future for a certain charge known as brokerage.

Best share broker in India provides various facilities and services which are listed below:

  1. Underwriting and agency services:

Stockbrokers provide underwriting and agency services to companies whose shares are being traded in the online stock market. A company floating shares for the first time may not be sure of a complete subscription of shares. Therefore, in order to cover their risks, companies hire stockbrokers who are willing to buy the remainder of shares unsubscribed by the general public. Moreover, stockbrokers provide agency services like collection of subscription amount and transferring share certificates to the customers.

  1. Keeping a record of investment:

Stockbrokers maintain a complete record of every transaction they have entered into on behalf of individual traders and companies involved in the trading business. This removes any kind of ambiguity and saves the company or individual investor from any kind of fraudulent activity.

  1. Investing on behalf of traders:

Stockbrokers perform the main function of investing on behalf of the individual traders. They employ all kinds of tactics and personal skills in order to search for the best avenues where investment would yield sufficient returns. Brokers charge a certain amount of fee for every transaction. For example, a discount broker charges brokerage on a flat rate basis. Customers and traders must select brokers according to their budget and brokerage rate charged by the brokers.

  1. Construction of an investment portfolio:

Stock brokers help in the creation and establishment of a perfect investment portfolio which involves diversification of shares and securities. Stock brokers invest in different types of securities in order to diversify the risk of traders and increase the chances of greater returns.

  1. Conducting market analysis:

Stockbrokers conduct timely market analysis and provide the same information to the traders and stock market investors. They make sure every bit of market information and latest trends are informed to the customers for correct investment.

These services make an individual the best share broker in India. The services provided by the best stock broker are unparalleled.

If there’s one thing we can all say has changed the world, its technology. Nowhere is this change more visible than in the construction industry. Over the last few years, several great changes have been made to the way we do construction. And of course, what is change without profitability? Nobody wants that.