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Name: hardeep saini
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Last Minute sprint to Save Tax: What to Buy and Where

The first prompt to submit your proofs for tax-saving investments must have come around January this year or possibly even earlier, in December last year. But you were busy, or simply lazy and didn’t heed the reminder then or when your salary cheques in the next two months got thinner. And now when the deadline […]

It’s harsh being a guarantor

Few years before, Nitin Bhalla had stood a guarantor for his friend’s home loan. Now, he wants to opt out, but the bank is unwilling to play ball. This is despite his friend paying his equated monthly instalments (EMIs) regularly. The bank wants him to continue as a guarantor for the current dues. “The guarantor […]

Birla Sun Life’s capital security fund afloat

Birla Sun Life Asset Management Company has launched a Capital Protection-Oriented Fund Series 5, a close-ended capital protection-oriented scheme, which is an appealing alternative to the traditional investment options like Fixed Deposits. The scheme has a term of 832 days and is oriented towards protection of the invested money by investing into high quality bonds […]

What to consider increasing your home loan eligibility?

LTV is a key factor in calculation of eligibility. Banks finance only up to 70-80% of the property value as evaluated by the bank’s evaluator and the rest has to be arranged by you. There is an option to sanction an in-principle amount, which helps to know the amount a bank would be able to […]

Deposit development improves, but more needed to convene RBI target

Banks must garner Rs 1.5 lakh cr in last fortnight this yr to meet 18% development target. Deposits grew at a pace of 16.58 % over a year as on March 11, as compared to 16.45 % the earlier fortnight. In a fortnight, banks were able to garner Rs 56,517 crore worth of deposits due […]