I’ve observed quite a significant number of people plan their finances around receiving the bonus component of their compensation. And when their employer doesn’t give the expected bonus — due to whatever reason ranging from the economy to performance — their financial plans are thrown out of gear. If you look at the terms and […]
D, had an interesting question to ask. Suppose I’m unable to collect cash from the ATM cash dispenser within the stipulated time (usually 30 seconds). What happens to such a transaction? Is it automatically reversed? What happens if this situation occurs at a third-party ATM? I couldn’t find an answer to this question. Have you […]
One of the suggestions that came up during an office discussion about the effects of the recent circular issued by the Central Board for Direct Taxes (CBDT) was: Employees whose basic salary is greater than INR 6,500 per month can opt to receive an employee provident fund amount limited to 12% of INR 6,500 i.e. […]
1 year. 23,216 kilometers. Nomadic. The Swift ZXi — a marvel on four wheels.
There was a recent circular issued by the Central Board for Direct Taxes (CBDT) that reads: The Finance Act, 2005 introduced a levy namely Fringe Benefit Tax (FBT) on the value of certain fringe benefits as contained in Chapter XII-H (sections 115W to 115WL) of Income-tax Act, 1961. By the Finance (No. 2) Act, 2009 […]
Because the bank has the right to dip into your savings and settle your credit card dues. An extract from HDFC Bank’s Most Important Terms & Conditions for Credit Cards (version 1.23) reads: Right of Lien The bank, at any time and without notice, will have lien and right to set-off all monies belonging to […]
A significant change to the electronic funds transfer facility with effect from March 01, 2010. NEFT is currently available from 9 am to 5 pm on week days and from 9 am to 12 noon on Saturdays. There have been constant requests from various individual and business segments to elongate the operating hours. After examining […]
You might be wondering why your credit card dues simply keep spiraling out of control. The basic reason for this is that once you fall into the trap of not paying your outstanding dues in full, the bank levies all kinds of fees, interest, and finance charges and then tries to recover these before applying […]
Here’s a detailed tutorial from the Reserve Bank of India (RBI) on how to identify genuine rupee-denominated currency notes. My observations: It’s not possible for the common person to identify a counterfeit note on first glance. How often have you stopped to verify the genuineness of the currency in your hands? Banks themselves have started […]
From a public awareness initiative issued by the Insurance Regulatory and Development Authority of India: Insurance is a responsibility. It ensures security and mitigates risk. It is an assurance to your dependents that you care. Insurance is also an investment tool and provides tax benefits too. Most of all, insurance is peace of mind… Read […]
From one of those umpteen job emails: “The best help you can do is to refer a friend rather than hiding him.” # HDFC Card T&C: Funds from the Personal Loan/Jumbo Cash shall not be used for speculative purposes. WTF mate? Why’s it called personal then? #
The Simple Dollar » Emergencies Vs Opportunities http://is.gd/7eQcI – Having an emergency fund doesn’t mean losing other life opportunities. # LIC launches scheme to activate lapsed policies. Reminder: SURRENDER my lapsed endowment policy — a BIG mistake in my financial history. # Testing Twitter Tools integration with WordPress – Phase 2. #