Finance

TechoparkToday(March, 2022) : A Technopark employee with a relatively high salary has been accused of siphoning off around ₹2 crore in total from at least 20 of his colleagues and workplace acquaintances through an elaborate loan scam. Most of the victims are now faced with the prospect of repaying loan EMIs that are even double their monthly salaries as the …

TechnoparkToday.com:  The world is going through digital disruptions and the way we dealing with money became digital. today almost everyone using debit/credit cards through ATM. We are seeing lot of news about various ATM frauds and scams, so here we are providing a few tips – Do’s and Don’ts in ATM transactions to keep your account and money safe. Do’s …

TechnoparkToday.com :  Many times we heard about the hardships of techies to get a home loan from bank. That may be due to various reasons – pay package, credit history, CIBIL score or the attitude of the bank official etc… In such cases the entire process may get delayed or techies used to get some bitter experience and some of …

Technoparktoday.com:  Many people wanted to close their SBI account because of the recent developments that imposed charges/fines/ penalties for transactions and  including the ATM transactions, so here we are listing the process of closing your SBI account Step 1 : Get the Savings/Current SBI Bank Account Closure Form from an SBI Branch. and fill the form properly with the following details Name of Account …

TechnoparkToday.com(Feb, 2017) >> A good news for all home loan takers, banks are slashing the interest rates, and it’s a big relief and benefit for borrowers. All major banks are slashing rates, for example SBI reduced the interest rates in to 8.6%, PNB, HDFC, Canara bank, Indian bank and dozens of other banks are also on the same way, even-though …

TechnoparkToday.com>> After the demonetisation of INR 500 & 1000 announced on 8th November, long queues are found in most of the ATM’s. Sometimes people have to disappointedly walk away seeing no Cash in the ATM machine. Here is the solution to overcome the long queues and get the cash in hand so quick. Cashnocash is an online tool which help …

Technoparktoday.Com>>  LIC is introducing, Jeevan Shikhar, which would be open for sale up to 31st March 2016.  The Plan is a non linked, with profits, single premium plan wherein the risk cover is ten times of Tabular Single Premium. Providing a combination of savings and risk cover. Under this plan, the proposer/Life assured will have an option to choose the …

TechnoparkToday.com(Jan, 2015): The budget has raised the deduction limits, so here we are listing some best investment options under Section 80C to save tax PPF (Public Provident Fund) The PPF offers investors a lot of flexibility. You can open an account in a post office branch or a bank. The maximum investment of Rs1.5 lakh in a year can be …

LIC of India has launched a unique plan, Jeevan Shagun, a participating, non-linked, savings cum protection single premium plan wherein the risk cover is a multiple of single premium. The plan will be available for a limited period only. Prospects between the age of 8 years (completed) and 45 years (near birthday) can be insured The proposer will have an …

TechnoparkToday.com : At the end of every financial year, We, the tax payers frantically make investments to minimize taxes, without adequate knowledge of the various available options. The Income Tax Act offers many more incentives and allowances, apart from the popular 80C, which could reduce tax liability substantially for the salaried individuals . Here we, technoparktoday.com gives some smart tips and …

TechnoparkToday.com >>  Chit Fund is a term much seen, but not too many, especially in the IT sector, are aware of how it works. Chit Funds work on the basic premise of providing better than bank deposit rates (for investors) and providing loans at better than personal loan rates (for borrowers). However, it is important to stick to chit funds …

TechnoparkToday.com > How to save tax from your hard earned money? – You might be familiar with Section 80C of the Income Tax Act, under which one can reduce up to Rs.1,00,000 from taxable income. Investments in PPF, NSC, insurance premium, tax-saving mutual funds etc. are all entitled for this. Finance Minister’s budget speech of 2010 introduced a new section – …

TechnoparkToday.com(Aug, 2013)>> Investment schemes catering to philosophies propagated by a particular community is an interesting concept. It is slowly spreading in Indian Financial Market. I would like to explain Shariah compliant funds that have been introduced in the recent years. Let me first give you an idea of what exactly is Shariah compliance. Shariah, is the moral code and religious law …

TechnoparkToday.com >> In our expert advice series, this time we are introducing  Technopark based financial adviser and investment expert Sudhakaran Namboodiri, sharing you some useful information about the systematic Investment Plans SIP works on the principle of regular investments. It is like your recurring deposit. It allows you to invest in a MF by making smaller periodic investments (monthly or quarterly) in place of …

>>State Bank of Travancore (SBT) has slashed the interest rates of home, car, and gold loans during the festival season. The festival period offer is effective from October 23 to January 15 next year. The revised interest rates for home loans for any amount will be 10.25 per cent (with a margin of 25 per cent or above) and 10.50 …

You work hard to buy an automobile to enjoy your trips or may be to support your business needs. Any uncertainty can lead to damage resulting in huge losses. And you are aware the costs to get you vehicle repaired in the event of a damage or even replacing just in case it is stolen, can be huge. Hence it …

TechnoparkToday.com >> January is here – time to look at investments to save tax .This is indeed a bad idea – waiting till the end of the financial year to think about tax. But don’t you worry – you are in the 99% of the population. First, this year there is a new section 80CCF, under which investments up to …

Its the time to file your taxes. Read this detailed article to know how to do it online.