Insurance is primarily an income-replacement tool in case the bread-earner of the family dies. Hence the focus should be on offering covers of a standard size depending on the annual earning capacity of an individual rather than pushing cheap products.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year. … [Read more...] about Want to know if your annual life insurance premium is tax-exempt? Read on
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The payments to be made by the companies include Rs 53,000 crore by Vodafone Idea, Rs 35,500 crore by Bharti Airtel and Rs 14,000 crore by the now-defunct Tata Teleservices.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year. … [Read more...] about Banks will have to pay price if any telco files for bankruptcy: SBI Chairman
How to check ICICI Demat account detailsYou can view your ICICI Bank Demat Account online on ICICIBank.com. All you need to do is to link your demat account to your existing Internet banking user ID. You can enter the demat section either by clicking on the demat account link on My Accounts page, or by clicking the Demat tab in the top menu. By default, your holding for the account appearing on the top in My Accounts page will be displayed. In addition to this and links available in non-logged in section you can also view: … [Read more...] about ICICI demat account: Its charges, account opening process, etc.
Why do we need a Demat a/c?Be it investing, trading or holding/ maintaining of shares or stock, digitisation has brought about a qualitative change. Demat accounts make the maximum out of this revolutionary switchover to electronic format and are hence the necessity of the day. Essential to trade in India’s stock exchanges, Demat accounts offer its user/ trader a seamless and smooth experience while trading at Dalal Street. To settle trades electronically or to buy shares and store them safely, you need a Demat account number. It is similar to a bank account in which you keep deposits, the records of which are maintained in a passbook. Earlier, during physical shares' era, frauds were challenging to be detected as there was always a risk of receiving fake shares, and delays in settlements were the rule of the day as issuing and transferring of share certificates take nothing less than 15 or more days. All these are now a thing of the past with the advent of digitisation and … [Read more...] about Demat account: Meaning, how to open demat account, facilities and benefits
The rising trend to go for smaller loans could be indicative of a preference to go for smaller houses /flats and a diminishing inclination for bigger/ premium houses and apartments. It is mainly the first-time homebuyers who are driving this trend. The message put out to the market is also small and simple: Firstly, economic slowdown is not going to deter average, middle-class and lower-middle-class segments from making their home dreams come true; secondly, these homebuyers are preferring a pragmatic approach and are opting for a home loan that will not leave a big hole in their pocket. And with switchover between banks and top-up loans now no more a big deal, there is reasoning in starting with small loans, securing a basic house and upgrading it based on your increasing needs and your growing salary. Also, going by the available and announced income tax slabs, it is better to have a home loan to avail deductions and save on your income tax. … [Read more...] about Here are Benefits of Small Home Loans