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We might have become accustomed to using a credit card, but the same cannot be said about reading our card statement. We still feel stumped about certain terms or part or information in the statement. A credit card statement presents the summary of various expenses and payments made on a card in a month. Thus [...]

After receiving a statement of credit card, the first thought that comes to our mind is what charges we are going to pay this time. We have anticipated a certain amount due on the card, but the statement tells a different story. There is a huge difference between the amount we have expected and the [...]

It is easy and convenient for an individual to take multiple credit cards from a single bank. And then there are other benefits too. Your longstanding relationship with the bank fetches you some rewards, and there is also familiarity with the dealings and ease of payments. But not everything is positive about this arrangement.
Rajiv, a [...]

Finance Minister Pranab Mukherjee’s recent budget announcements have come as a relief to the taxpayer. Under the revised tax structure, incomes between Rs 1.6 lakh and Rs 5 lakh will attract 10 per cent tax, while on incomes between Rs 5 lakh and Rs 8 lakh, 20 per cent tax will be applicable. For incomes [...]

In the months following the introduction of stricter norms, it appeared that FMPs had lost their attractiveness. But they have staged a remarkable comeback. The Indian mutual fund industry, which until October 2008 was riding high on the bull run in equities, was halted in its track by the global liquidity crisis. Almost all mutual [...]