Search results

  1. S

    Credit Card Excess Charge

    I am using SBI Credit card and I have purchased for Rs 11000 since Jan 2018 using the card and monthly I used to pay the minimum balance. Now I found that I have paid rs 16000 since jan 2018 and usage Charges itself is Rs 11900. Now Rs 30k is outstanding. Am I wrongly used the card? Now what is...
  2. S

    Home Loan Insurance

    Hi, I want to take home loan insurance for the home loan taken from SBI of 25 lk. Please suggest which loan insurance I have to go (prefer term plan)?
  3. S

    Housing Loan

    Sir, I have sanctioned housing loan from SBI amounting 25 lakh. Moratorium period is 3 months, after that EMI of Rs. 24608 will start. First installment of Rs. 6.17 lakh drawn. Balance as per the progress of construction (installment wise). Construction will complete in 4 years. 8.35% is the...
  4. S

    Housing Loan from Pradhan Mantri Awas Yojana

    Hi, has anybody have any idea about Pradhan Mantri Awas Yojana were up to 12 lakh can be taken for buying house with 6% interest. Please share if any ideas.
  5. S

    Policy for Children?

    My son is now 6 yrs. I like to open an LIC policy for my son. which one I choose? Please suggest.
  6. S

    extra tax saving through CPF

    Hi, I have heard of additional tax excemption for CPF contributions. My tax current savings are the following: u/s 80 C (LIC+PLI+PPF) = Rs. 42,000 u/s 80 CCD(1) & CCD(2) ie, CPF = 1,10,000 so i am covering the 80 C limit ie, 1.5 Lakh. Now my question is that if i am depositing further Rs...
  7. S

    Tax Saving Through ELSS

    I wanted to open a tax saving elss scheme under 80c. I have approached icici. they have suggested me the following schemes.1. ICICI discovery fund, 2. Blue chip fund, 3. Prudential long term equity 4. Wealth builder II. Which of the above will be more beneficial to me. Also they have suggested...
  8. S

    ELSS Lumpsum or SIP?

    Hi, I like to invest in ELSS. What will be the best way, open a recurring deposit for 1 yr and pay in lumpsum to ELSS or through SIP? Which will be beneficial to me? Please suggest.
  9. S

    To Open ELSS, Saving A/c Required?

    Hi, I have approached Axis bank for opening ELSS through SIP. They are asking for opening a savings A/c with min balance of 10k for opening ELSS. Is it mandatory to open saving a/c for ELSS? Please advice.
  10. S

    Good Investment Plan?

    Dear friends, I am paying an income tax of Rs.23609/Yr. Please advice how I can invest/save money effectively & a plan for a good long-term investment. My Yearly Income details is as under: Yearly Gross Salary :629983 My Savings (LIC+PLI+NPS) :143892 Taxable Income...
  11. S

    Car Loan

    Planning to take sbi car loan for 5 lakh. What if i want to short close the loan amt with in 1 year of taking the loan? or partial payment of the total loan amt in a short duration? pl suggest.
  12. S

    long term investment

    Hai, I want to invest in long term deposit (15-20 yrs) through SIP in ELSS/Equity Funds etc. Which one will give a good return after long term? pl suggest.
  13. S

    Investing in ELSS/Mutual Fund or Purchase of Property

    Freinds, What will be the best option? Investing in market linked schemes or purchasing plot/flat?
  14. S

    Invest in an Apartment or in ELSS/Mutual Funds

    Hai friends, I am staying in Chennai corporation limits. Is it worth to invest in buying an apartment? I feel that after 10 or 15 years the value of a re-sale flat will be very less comparing with a piece of land. In an investing point of view what will you suggest which give me a good return...
  15. S

    Loan Against Gold & Property

    Hi friends, I am looking for a loan against gold & property. I have some qty of gold in my locker and I also owned 30 cents of cultivated land. Now I need a loan for building a house. please suggest how I can utilize gold/land for taking a loan. I also heard that the interest for agricultural...
  16. S

    Converting Credit Card Purchases to EMI?

    Hi Friends, I want to purchase some electronic household items on credit basis/EMI, I heard that EMI schemes through credit card are available. I do not have a credit card yet. I am thinking for getting an SBI card for this purpose. What is your suggestion? Is there any other way? Please advise.
  17. S

    Best LIC Plan for Children?

    Dear friends, I am looking for an lic policy for my 2 yr old son. a list of policies are listed in lic website for children. like Jeevan Anurag Komal Jeevan CDA Endowment Vesting At 21 Marriage Endowment Or Educational Annuity Plan CDA Endowment Vesting At 18 Jeevan Kishore Jeevan...
  18. S

    SBI Car Loan

    I want to avail a car loan. Yesterday I found one advt of SBI car loan which the EMI is 1698/Lac and 85% on road funding, 7 year repayment period and interest on daily reducing balance. I found it is interesting. If I buy a Maruti Alto it will cost around 3 lakh I think. So I will have to pay Rs...
  19. S

    Tax Not Paid

    Dear friends, I had shown in my tax statement to my office that I will invest rs.20,000/- for IT deduction. but didn't do that. How can I pay the tax of Rs. 2000 for Rs. 20,000?
  20. S

    Things to Know While Accepting Credit Card

    Hi friends, SBI is offering me a credit card. they will charge as usage charge of Rs.500/- per annum. I don't know what are the hidden charges in it. Please advise the things (plus & minus) we should know before applying a credit card.