Investment

Your credit score is going to affect your Employment . Yes –   that’s happening already . A lot of companies especially Finance and Software Companies have started asking candidates to present their   CIBIL report   and score (or any other credit report) at the time of  interview and it has started playing a role while selecting a candidate. So if your credit report is bad because you have not paid your loans on time or if you settled your loans in past, you might get rejected in your next job interview provided your prospective employers looks at your cibil report/score. Note that its a standard practice internationally to   check credit score before employement and various other purposes 3 Real Life Example of Job Rejection due to Bad Cibil Report I am sharing with you 2 real life example’s where credit report was asked before interview and they were eventually rejected (there can be other parameters for rejection apart from the bad ...

What is   CIBIL report  ? Are you looking to check your credit score and want to know why your loan application was rejected ? Yes, if you are misusing your credit taking capacity, you are being watched at like never before in this country. I am talking about CIBIL here and in this article let me show you how your current behaviour related to credit card, personal loan, home loans are going to affect you in future in a good and bad way What is CIBIL and why you should be concerned ? CIBIL is Credit Information Bureau of India Limited, which acts like a central repository of credit information in India. As many as 500 different banks and financial institutions are CIBIL’s clients and they report each of their customers (like me and you) actions to them. So if you take a   credit card   from ICICI Bank, then ICICI bank reports to CIBIL about it. If you enquire about car loan to HDFC Bank, hold your breath! as even that enquiry is reported to CIBIL, if ...

This is really interesting and useful chart, I got recently. The image below shows Gold historical price from the last 86 years i.e. from year 1925 – 2011. Have a look. You can also click on below image to open in window / tab.

There are around Rs.26,000 crores money which are lying in different   banks, post office etc. in India. Out of which some amount may be yours also.  It happens many times that people do not operate a bank   account   for long time and then they   forget. Or it may be a bank account of your dead relative and you're a   nominee   there. But you don't know about that. Reasons are many. Now, the question arises, how to check whether your money is lying somewhere without your notice? HDFC Bank has started   online   service where you can check unclaimed account by entering your name. Just visit  http://www.hdfcbank.com/personal/customer-centre  and on the bottom right of the screen, click on "Unclaimed Deposit Search". The following screen will pop-up. Now, enter your name. On the screenshot, as you see, I entered the name "Amitabh" and the list shows all the people with unclaimed money starting with Amita...

For   children, financial literacy begins at   home. The first step is doling out   pocketmoney, which not only gives them financial independence, but also offers parents the chance to educate them about the value of money. Lists the things you should keep in mind before you use this financial tool. 1. How should you fix the amount? You can splice the financial learning of your kid in four stages or age bands—5-8, 9-12, 13-15 and 16-18 years. Start the allowance at around 7 years or the age you are comfortable with depending on the kid's ability to handle money. If you don't think he is ready to take on the responsibility, delay the allowance by a few months or a couple of years. Revise the amount with age as the child's needs and preferences change, from buying sweets and snacks at 8 years to eating out with friends as a teen. It is advisable to start with   small,   weekly   payouts and increase these progressively to amonthly   amount becau...

Godrej Properties Limted: Godrej Properties Ltd is now excepting Fixed deposits for Individuals. Here are the FD Interest Rates of Godrej Properties .You may send your request for download a Godrej Properties Fixed Deposit Forms by email. @ sheth3r@gmail.com Rating Period in Months & Interest Rates in % Minimum Amt Interest Frequency 6 12 24 36 10000 Half Yearly - 9.00% 9.50% 10.50%

Do you understand what is the meaning of Minimum Quarterly Average Balance in your saving account? When you say “Quarterly Average Balance of your saving bank account is Rs 10,000″ , what does it mean exactly? A lot of people feel that their balance in saving bank account should not go below Rs 10,000 on any given day, otherwise there will be penalty charges and they make sure that they have a buffer of Rs 10,000 in their saving bank account all the time. This means that their account always have that much surplus. However the way quarterly average balance is calculated is different and very simple. Meaning of Quarterly Average Balance ? It simply means the average of the all the closing day balance in a given quarter. So given a quarter, add up all the closing day balance and then divide it by the number of days in the quarter. If you have to put it as formula it would be QAB = (Total of all the EOD closing balance)/(number of days in quarter) Let me show you an example...