Money

Jail for Cheque bounce, now for ECS bounce cases too: RBI

October 10, 2011

Punishment for cheque bounce is nothing new but what is making news is the new ruling made by RBI that punishment can also be imposed if the ECS mandate bounces. With the advent of Internet Banking most people have used the ECS method to pay their loan EMI’s, monthly utility bills etc. What ECS does [...]

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Term Insurance plans with premium back facility (RoP low premium)

September 6, 2011

When the business of insuring people first came up, all plans were purely on term basis. You pay to cover you for the term you chose and in case any thing happens in between, you get the Sum Assured. In case you survive till the end of the term, you get nothing. Later, insurance products [...]

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LIC Online term Insurance policy (Compare other plans)

September 3, 2011

If you are researching to take a term policy, you’ll mostly end up taking up a policy that belongs to some Insurance company other than LIC. The Public sector Insurer stands among those companies that charge highest amounts for a term plan and that’s obvious since it has huge number of policy holders to maintain. [...]

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Central Bank of India Cent Double scheme (deposit doubles in 7 ½ yrs)

August 31, 2011

People normally (and obviously) get attracted when they see schemes that ‘double their investment’ in so and so years. And naturally, where there is greed, there is place for risk too. Till this time, these kind of offers used to come from little known companies that came under this ‘high risk’ category. But, if the [...]

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SBI Gold fund FOF NFO closes on 5 September 2011

August 29, 2011

Equity markets across the world are tumbling and investors looking for safe investments are looking at Gold. Which only means that Gold price increases as the investment in it increases. For those who can’t afford purchasing Gold in big amounts can look at investing in Gold Exchange Traded Schemes (GETS) or FOF’s (fund of fund) [...]

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L&T finance (LTFH) final issue price and Allotment status

July 31, 2011

Those who have applied for L&T finance holding ltd (LTFH) IPO, there is good news. At the end of the issue period, the IPO got subscribed 5.34 times. This isn’t the good news, but the matter is that the final issue price is decided as Rs.52 on 30 July (post issue modification date). Generally when [...]

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L&T Finance holding IPO Price range, recommendation & application

July 28, 2011

At a time when equity markets are struggling on the back of bad news flowing in day after day and at the time when there is a complete dearth of good IPO’s, here’s L&T Finance Holdings Ltd (LTFH), with its Initial Public Offering (IPO) trying to bring back some attention of investors. L&T Finance holding [...]

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