What is KYC is a very important question if you are investing or using financial services. Know Your Customer or KYC requirements and guidelines were effective January 1st 2010 for all mutual fund investors in India, irrespective of how much amount you invest in them. If you don’t know What is KYC, here is a smallRead More
Banking
How Many Credit Cards Should I Have ?
What is your status symbol ? Is it a car that everyone envy’s or the latest phone being advertised on television ? Or is it the number of credit cards you have ? You read that right, there are folks out these who think the more number of credit cards they have, the more inRead More
How Much Home Loan Can I Get ?
An oft asked question – how much home loan can I get on my salary ! Astute financial planning is about having the right distribution of your salary between investments, expenses and loans. As far as loans are concerned, they can easily find their way into an investor’s portfolio in the form of car loans, personalRead More
How Do Loans Work ?
Since most of investors today are getting saddled with loans of all kinds, it’s important for them to understand how do loans work. With increased consumerism and lifestyle changes, you have almost everyone with some kind of loan in his kitty – either a home loan, or a car loan or a personal loan amongRead More
How many bank accounts or savings accounts should you have ?
Have you ever wondered how many savings or bank accounts you should have ? This seems to be the most innocuous little botheration for anyone but it could become one of the most basic and important factors to streamline your finances in your financial planning. As you move across your career through different companies, you mightRead More
Why you should avoid credit card debt
Credit card debt is a black-hole that can leave your financial planning in disarray. What is the most simplest and convenient way for the youth of today to shop ? Credit cards of course. It’s a different story that while swiping the card is a one minute job, paying off credit card debt could beRead More