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May 13, 2010

Kisan Vikas Patra

Filed under: Economy — Tags: bonds, case of death, cash cheque, debt instrument, denominations, encashment, fixed deposits, forfeiture, government of india, interest income, interest rate, investment tool, kvp, limelight, maturity period, patra, post offices, rate regime, rs 50, seven months — admin @ 6:37 pm

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.

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.

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December 15, 2009

Investment options for senior citizens

Filed under: Economy — Tags: capital appreciation, different financial institutions, different kinds, dividends, drawback, earnings, effective yield, insurance products, interest rate, investment option, investment options, investment products, mutual fund, mutual funds, period of time, post office, retirement, senior citizens, suitable investment, tax deducted at source — admin @ 5:59 pm

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.

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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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August 29, 2009

Know Your Credit Card Statement

Filed under: Economy — Tags: address account, address card, billing address, billing statement, cash advance, cash advances, credit card customer, credit card issuer, credit card provider, customer service number, due date, few days, important information, interest rate, late fees, minimum payment, monthly statements, payment date, reference number, time limit — admin @ 11:47 am

credit card statement

Credit card statement is the billing statement you receive monthly from your credit card issuer. It contains all the transactions made using your credit card, and the total outstanding balance, payment date etc.Credit card companies have different looking monthly statements. Understanding your credit card statement is a simple job, but a vigilant one.

Take a look at your monthly credit card statement, and you’ll see that it contains a great deal of important information. Always check the name, billing address, card number. Then compare the charges with your sales slips

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Taking a loan with your credit card

Filed under: Economy — Tags: banks, credit card facility, credit card loan, credit cards, due date, emi, extra money, interest rate, loan credit, playstation, playstation 3, pros and cons, secured loan, sums, unsecured loan — admin @ 11:26 am

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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August 28, 2009

Credit cards How Useful are they ?

Filed under: Economy — Tags: auto debit, banks, best credit card offer, card holder, cardholder, convenience, credit card offer, credit cards, fear, financial crisis, free periods, interest rate, interest rates, lifetime, minimum payment, negative factors, plastic cards, pleasure, rebates, rewards — admin @ 11:14 am

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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