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Car loan comparison: Interest rate, EMI, processing fee

A loan for longer may mean smaller EMIs, which makes the car seem more affordable, but overall, you pay more as interest.Don’t forget that a car is a depreciating asset, so taking a bigger loan may not be the best thing to do


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Opinion | Jet Airways job crash: Do you have a protocol in place?

As robotics and AI take over more and more jobs, it is good for everybody to be prepared


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The better way out of a troubled fixed maturity plan for investors

FMPs are market-linked instruments and are, therefore, exposed to the return and risk characteristics of the underlying bonds in the portfolio.Investors must recognise the risky nature of these products, and fund managers must turn more cautious as FMPs are often sold as replacement for FDs. They aren’t.


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How your investments in NPS are faring

There are eight pension fund managers to choose from and one of the ways to choose your fund manager is by tracking the returns.Here is a breakdown of the performance of different funds of the private sector NPS


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No tax is levied on inherited assets or money

In India, there is no income tax levied on inheritance. However, any income earned on subsequent investment of the inherited assets shall be taxable.The rental income arising to your wife out of the share of property gifted by you to your wife shall be clubbed as taxable income in your hands


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No joy of flying! Jet Airways passengers wait for refunds

Sudden grounding of Jet Airways has hit budget travellers the most because there is no clarity on when the refund would be processed.Though Jet Airways has said it would refund the full amount, there is no clarity on how long that could take


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Savings accounts compared: SBI vs Bank of Baroda vs ICICI vs HDFC Bank

You can earn an interest in the range of 3.5-6% on your savings accounts, depending on the amount and the bank.Kotak Mahindra Bank has lowered rate of interest on savings account deposits of up to ₹1 lakh to 4.5%


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Shift focus from pensions to tax savings, says Paul Smith

With higher life expectancy, the way we looked at retirement at 60 years will also need to change, says Paul Smith.People should have tax advantage savings scheme that enable them to build financial cushion for their life. And health insurance should be built into it


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To be young and not in debt

A money plan in your 20s can have a significant long term impact – right up till your 90s..The first thing to do is discipline yourself to save: whether it is for a holiday, buying something for yourself or planning for retirement


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