Banking

Shopping hasn’t changed with the widening variety and newer products, but the way we do it has certainly changed a lot. Earlier people were buying things directly from each other, then came the currency, then came finance, and now the Buy Now Pay Later concept. This recent trend of shopping – BUY NOW PAY LATERRead More

Home Loan By Bank OR Housing Finance Company

by Madhupam Krishna

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Do you long to buy your Dream Home? Most likely you would need a part to be financed as Home Loan By Bank OR Housing Finance Company. But when it comes to making a decision, you might not be aware of the difference between Home Loan by Bank or Housing Finance Company. Let’s see whatRead More

Taxation on NRI Fixed Deposits

by Madhupam Krishna

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If someone says “do not invest in Debt or Fixed Deposit” – he is not your advisor. But investments in Fixed Deposits or Term Deposits by NRIs are very common due to the liquidity of funds & their taxability. But Taxation of NRI Term Deposits needs to be understood to get the maximum value ofRead More

RBI Retail Direct Scheme – Complete Details

by Madhupam Krishna

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Recently PM Modi in presence of Ms Nirmla Sitharaman (Minister of Finance GOI) & Sh Shaktikanta Das (Governor RBI), announced the way how retail investors can Buy or Sell in Government Securities through a new system called RBI Retail Direct Scheme or RBI RDS or simply RDS. Let’s know what is this system and howRead More

Pradhan Mantri Awas Yojana (PMAY)

by Madhupam Krishna

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Pradhan Mantri Awas Yojana (PMAY Scheme), a flagship mission of the Government of India being implemented by the Ministry of Housing & Urban Affairs was launched on 25th June 2015. It was launched by Honourable Prime Minister Shri Narendra Modi with the dream of providing affordable housing to every urban citizen. He has the visionRead More

Why & How NRI Should Close Indian Bank Accounts?

by Madhupam Krishna

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It is a fact that many Indians still keep their Indian Bank accounts without converting those to Non-Resident Accounts. This is a huge blunder and against the law. When asked – NRI Should Close Indian Bank Accounts the response they give is – Don’t Know… How To Do It… When to do it? etc etc..Read More