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Kisan Vikas Patra

| Filed under Economy

Are you a risk averse investor?  Are you looking at investing in some debt instrument? Are you done with your tax saving investments and have also exhausted your PPF limits? You do not want regular income and don’t mind locking your money to earn double returns.
123 Kisan Vikas Patra
Then Kisan Vikas Patra can be a an instrument where you can invest. While the name suggests that only a farmer can invest money in Kisan Vikas Patra it is not the case. Anyone wishing to invest money at safe places can go for Kisan Vikas Patra.
Kisan Vikas Patra (KVP) is a saving instrument that provides interest income similar to bonds. The KVP is a safe investment tool, as it is backed by the Government of India. The principal is assured and hence it is a safe avenue for investing your money. With low interest rate regime, such saving instruments are in limelight again. KVP is available at all Head Post Offices and authorized post offices throughout India.

Investment options for senior citizens

| Filed under Economy

Have you listen the new ideas about the major investment options for senior citizens? The search for higher returns is now becoming a fairly common one. Life expenses are rising significantly and life styles are improving day by day. There for senior citizens have to face so many troubles related to their savings. Thus to live in better mode after retirement, it is necessary to choose the best investment option.

2003080201251001 290x300 Investment options for senior citizens

Choosing the right investment option is absolutely a tough task. Retirement specifies the beginning of a new phase in an individual’s life. It is a transition from a lifetime of work to a time when one can relax, spend time with the family and pursue other interests. Without a regular income, they have to spend their earnings before retirement for all his needs.

So, they need to find suitable investment plans to overcome these risks. Now many financial products offers high return packages. They provide a regular flow of income. Some of the important investment options are listed below.

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Taking a loan with your credit card

| Filed under Economy

Taking a loan on your credit card

Getting cash on your credit card is a very expensive affair. When you borrowing cash on your card; you may get an offer from the bank to opt for the EMI (Equated Monthly Installment) facility to make the payment. Loan from your credit card facility does not come cheap and the interest on the EMI is excessive. The interest rate may vary from 30-45% Better that you make the payment before the due date in one go and give the EMI facility a miss.

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Credit cards How Useful are they ?

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Credit cards How Useful are they ?

credit card main Full 300x268 Credit cards How Useful are they ?

Credit card is a way of payment using plastic cards. The issuer or bank lend money to the card holder on the basis of different interest rate. It is a convenience. One important thing is to use it thoughtfully. The credit card industry has seen many changes due to the financial crisis. Nowadays banks are altering credit limits, doing away with interest free periods and charging higher interest rates on the credit borrowed.

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