Category: Personal Finance

The Impact of Brokerage on the profits earned from IntraDay Trading

Brokerage is the commission charged by the broker who facilitates the trading. All trading platforms charge a fee as brokerage to provide a trading platform to the investor. Generally it is levied on every transaction. IntraDay Trading is a type...

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How Joint Home Loan is Beneficial?

I am sure owning a dream home is on the bucket list of May. But with a fixed salary and increasing inflation it seems like a distant dream. Buying a house is one of life’s biggest milestones and it takes...

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Don’t liquidate your assets, get a Loan Against Securities

Many people park their money in deposits and securities for investment purpose. And in times of financial emergencies there are only two options available, to borrow funds or liquidate the investments. While liquidating the assets, it is always a concern...

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What is Personal Line of Credit and How it helps?

Personal Line of Credit is a form of borrowing just like personal loan, with added features. It is a mix of credit card and personal loan. It is a personal loan that acts more or less like a credit card....

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Rules for withdrawal of money from Provident Fund Account

Once you have discontinued service under employment, there are two things that you can do with your Provident Fund Account, If you are taking up employment in another company then you can transfer your existing Provident Fund Account to the...

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5 lesser known ways to secure your Debit Card

There has been a tremendous rise in the number of digital transactions in the recent past. And with digitalization comes the risk of security threats. Yes, I know you must be thinking that you have OTP to secure your account....

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Full Service Broker vs Discount Broker: Which one is better for you?

Most people have this confusion regarding where to open a Demat Account. To help you answer this question, I’ll first explain on the types of Demat Accounts and then answer the question regarding which type of Demat Account is better...

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Factors to consider before taking Personal Loan Balance Transfer

There may be times when you find lucrative offers on a Personal Loan but you already have an existing personal loan. In that case, you can transfer your personal loan balance with another bank which offers you a better deal. ...

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Always check the Claim Settlement Ratio before buying Life Insurance

Once you have decided that you wish to opt for a life insurance policy, the biggest confusion is – Which is the best Life Insurance Company? There are many insurance companies in India that offer Life Insurance policies which makes...

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Assigning a nominee does Not Guarantee Inheritance

If you have ever opened a bank account or applied for an insurance policy, you must have filled out a form where you would have noticed that they ask you to assign a ‘nominee’. Now, what exactly is a nominee?...

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