4 Key Differences between Tax Saver Fixed Deposit and PPF

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In this unpredictable and expensive world, it is important to have a practical financial map in place. Two of the best investment options are a Tax Saving Fixed Deposit and a Public Provident Fund. Once you open an FD account or a PPF, your money not only remains safe, but also multiplies along with earning…

NRI Taxation: Know the Tax Implications for NRIs in India

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The Income Tax Department of India defines an NRI, or a Non-Resident Indian, as an individual of Indian origin but living outside the Indian subcontinent. The Section 6 of the Indian Income Tax Act defines the NRI status of an individual more precisely. According to this section, an individual is considered an NRI if, ?…

CIBIL Score: Why is important?

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CIBIL, Credit Information Bureau India Limited, is an important part of the financial system in India as it provides critical credit information about every individual and rates them based on their creditworthiness. The system has its own way of analysis which results in a credit rating for every individual called the CIBIL score. The CIBIL…

Coming Soon… Financial Result 2016

Before diverting the extra cash or savings towards pre-payment or part-payment of your personal loan, you shall always consider its impact. Whether the decision of not serving the entire loan tenure would be beneficial or not shall always be your primary concern. Pre-paying your loan can be beneficial but such benefit depends on the sum…