What is a Home Saver Loan

Background
Home Loans or Mortgage is one set of financial transactions that almost everyone of us is bound to encounter at least once during our life time, and then deal with it for a majority of our life. So, any available option in this area should be explored very carefully.

Most of us, after a few years of running a successful EMI schedule would also look at the option of pre-payment of home loans. 
Pre-payment of home loan is a double-edged sword. It reduces the future obligation but at the same time, also incurs opportunity cost and risk in case of an emergency when you urgently need cash. This is exactly where a home saver loan helps.

What is KYC ("Know" Your Customer)

Background

The main purpose of KYC norms was to restrict money laundering and terrorist financing when it was introduced in late the 1990s in the United States. The US government turned very strict after 9/11 and all regulations were finalized before 2002 for KYC.Taking a leaf out of the US book, the Reserve Bank of India (RBI) too directed all banks to implement KYC guidelines for all new accounts in the 2nd half of 2002.

The evening hugs and the morning byes

It is 5:30 pm in the evening. I am able to successfully avoid all the traffic congestion and reach my parking lot from office for a safe and comfortable parking. The car is parked. I switch off the music system, pick up my laptop and head towards my house's entrance door. I open the door and here you go... Two beautiful and adorable angels come running towards me - the elder one behind the younger one. This is one race where the younger one always beats the elder one, without any exception.

What are National Savings Certificate (NSC)

About National Savings Certificate (NSC)
National Savings Certificate (NSC) is a fixed income/debt long term investment option offered by the Indian Government through postal department.
National Savings Certificate, popularly known as NSC, is a time-tested tax saving instrument that combines adequate returns with high safety, in fact safety sometimes overshadows the returns potential. NSCs are an instrument for facilitating long-term savings. A large chunk of middle class families use NSCs for saving on their tax, getting double benefits. They not only save tax on their hard-earned income but also make an investment which are sure to give good and safe returns.

What is Rajiv Gandhi Equity Savings Scheme (RGESS)

What is RGESS?

Rajiv Gandhi Equity Savings Scheme (RGESS) is a new equity tax advantage savings scheme for equity investors in India. The scheme got it's approval on September 21, 2012. It is exclusively for the first time retail investors in securities market.

What is Equity Linked Savings Scheme (ELSS)

Background

Majority of us rush up to our auditors and financial planners during the month of March for tax planning in order to invest up to Rs. 1 lakh that qualifies for tax exemption under section 80C of the Income Tax Act. We end up in paying LIC premium, PPF, NSC, 5 year bank FDs and other traditional tax savings instrument. There is another exciting option available to all of us and that is Equity Linked Savings Scheme (ELSS).

Source or Sink

There is a hero in each one of us !!

The fact is that most of us are looking for some heroes in life, someone whom we can follow, someone whom we admire, someone whom we know is making a difference out there in the world "in spite" of all the challenges and is not sitting down and out "because of" all the reasons, someone who can show us the direction.