Steps to Know If You’re in CIBILs List of Defaulters
A common issue envisaged by the masses is the rejection of a loan application or refusal of the issuance of a credit card. There may be several reasons behind the same, but the most prominent are the details of the history of credit transactions. People fail to understand as to why they have been enlisted...
Use of RTI in EPF Withdrawal or Transfer
Ideally the process of EPF (employee provident fund) or EPF transfer should complete within month’s time. However, there are cases where the required has not been done and the waiting time has exceeded more than a year. Just accepting that the process will take time is not going to resolve your problems. What to do if this happens? Will...
Steps to Know If You’re in CIBILs List of Defaulters
A common issue envisaged by the masses is the rejection of a loan application or refusal of the issuance of a credit card. There may be several reasons behind the same, but the most prominent are the details of the history of credit transactions. People fail to understand as to why they have been enlisted...
Prepayment or Loans: To Do or Not to Do?
We often end up taking loans for many a reason, like educational loan, auto loan, home loan, gold loan, personal loan, etc. and then sometimes suffer when it comes to repaying. There may be certain times when we have enough amount and we plan for a prepayment of loan. Yes, prepayment, as by the word,...
How to Activate your UAN to avail Provident Fund Portability
Universal Account Number or UAN is the key number to avail the benefits of Provident fund account portability. With the UAN activation you will be able to link all your EPF accounts with your user id on EPFO portal. This not only gives your an access to your current and previous EPF account but also eliminates...
Why My Bank Deducts TDS and How to Avoid the same
The banks are under the statutory obligation to deduct tax at source from depositors account if the total interest paid/ payable in all term deposits held by a person (i.e. held under the name of same identity) exceeds the amount specified under the Income Tax Act. After the end of the financial year, each bank...
Loan against Securities – A Viable Substitute for Expensive Personal Loans
Taking a loan is a very tedious job. To look for the loan that perfectly suits your needs is another big worry when you look for it. Taking suggestions from your friends and relatives for the perfect loan is the idea that most of you follow but finally end up with a taking loan from...
EPF Rules Not Known to Many
When we talk about Employee Provident Fund (EPF), we mean to say an equal contribution of 12% of basic salary by employee and employer. However, there are many rules related to EPF which are not known to people. This article will discuss such unpopular information: 1) EPF provides for nomination facility If you have not opted...
Why My Bank Deducts TDS and How to Avoid the same
The banks are under the statutory obligation to deduct tax at source from depositors account if the total interest paid/ payable in all term deposits held by a person (i.e. held under the name of same identity) exceeds the amount specified under the Income Tax Act. After the end of the financial year, each bank...
Effect of Employment on your Loan Eligibility
One of the key indicators of any person’s credit profile is employment. Banks make credit profile of each person who contacts them for any kind of loan. It is an extremely essential part of all loan applications process and the banks consider it very gravely before sanctioning any type of loans. There are several factors that...
