How Are Rising Interest Rates Affecting Home Loans?
Here’s an interesting tradition related to houses. Many people follow the practice of painting their front door red. In America, it is done to radiate a welcoming energy and to symbolize that it is a safe place for travelers to stop by. In Ireland, a red door is believed to ward off evil spirits while in Scotland, doors are painted red once the owners have paid off their mortgage. Homes...
What Is RBI Retail Direct Scheme, Benefits & Risks- FFC EP 53
You can now invest in G-sec directly through RBI Retail Direct Scheme. The government launched a platform that will allow retail investors to buy and sell government securities on their own through – RBI Retail Direct Gilt Account. Under RBI Retail Direct Scheme, one can invest in RBI Bonds, Central Govt Bonds, State Govt Bonds, SGB and Treasury Bills. one can invest in primary as...
How To Check Your Financial Health – FFC 50
Financial health describes the state of a person’s personal financial situation. Its dimensions include savings, retirement planning, and the income spent on fixed or non-discretionary expenses.Most people are unaware of certain basic things or factors to look out for, which are basically warnings towards incoming financial peril. If ignored these may prove to be very costly, but...
What Is AIS & How To Download It? -FFC ep 48
AIS i.e. Annual Information Statement provides a comprehensive view of information to a taxpayer. This will give you all details about Your financial transactions during the year. It will capture all financial transactions of the previous year including – Stocks, Insurance, Credit Cards, Purchase of property, Mutual Funds, Salary or Business Income, Dividends, Interest on SB A/c...
Do Not Miss These While Filing ITR – FFC episode 43
ITR filing due date is fast approaching. All taxpayers are required to file their ITR by 31 December 2021. In the rush to file ITRs by the due date, many taxpayers may miss out on reporting some income and that could get them into trouble with the income tax notice.It is advisable that taxpayers should be extra careful while filing their income tax returns. Our video will take you...
Different options to invest in Gold – FFC episode 41
Gold is placed in high regard as an investment. Due to some influencing factors such as high liquidity and inflation-beating capacity, gold is one of the most preferred investments in India. Gold investment can be done in many forms like buying jewellery, coins, bars, gold exchange-traded funds, Gold funds, sovereign gold bond schemes, etc. Once you have made your mind to invest in...
Everything about Term Plans
You cannot predict what is there waiting for you in the future. There are always lots of uncertainties and causalities coming up for you in the future and you are always unaware about it. These uncertainties cause a drastic financial crisis to your family and closed ones. You can help your loved ones by planning for your and their future and apply for a term insurance plan. Choosing...
What is an IPO? | How to choose in which IPO to Invest?
What is an IPO? Initial Public Offering (IPO) can be defined as the process in which a private company or corporation can become public by selling a portion of its stake to the investors. Through the IPO, the company gets its name listed on the stock exchange. Before the IPO, a company has very few shareholders. This includes the founders, angel investors and venture capitalists. But...
What Is Reverse Mortgage? How You Can Benefit From It
When you have a regular mortgage, you pay the lender every month to buy your home over time. In a reverse mortgage, you get a loan in which the lender pays you. In Reverse mortgage, Bank takes part of the equity in your home and convert it into payments for you – a kind of advance payment on your home equity. The money you get usually is tax-free. Must Read: How to check if your...