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Finance Forum India

Share your thoughts on finance education, economic developments, capital markets movements or your professional experience in the field of finance.

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Rachita Kotian is an independent blogger and writing has been her passion for a long time. A literature major, she loves exploring the world of health, lifestyle, travel and finance. When she’s not writing, she’s most likely listening to music, cooking, surfing the web, or catching up on the latest flick.

Reasons behind NRIs Setting Up Businesses in India

When speaking of the global environment of economic growth, India can safely be regarded as a country that has been consistently performing well. This rightfully explains why India is still one of the top countries in which NRIs are interested in setting up their businesses. With an easy availability of NRI account and NRI savings account, managing finances cross-borders has become easier than ever before! There are several factors that come into play for India being conducive to a business co-system, but in case you are an NRI intrigued in setting up your business and pondering over the boom of NRI...
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What is the secret to be a comfortable home loan borrower

There are various banks and private lending organizations which offer home loans. The secret to be a comfortable home loan borrower is not just hidden in your ability to choose an appropriate lender who offers you a good interest rate. It also lies in your ability to repay your loan amount without defaulting and manage your loan throughout the tenure, promptly and wisely.   Here are a few secrets that will help you to be comfortable as a borrower;   Don’t settle for a home with an area larger than what you can afford to buy. Choose the size of your...
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Why Having Multiple Savings Accounts Is Always a Good Option

It must come across as no surprise that having a savings account is much better than keeping money on your own in your house. If this is the case, not only is your money safe, but also there isn’t any possibility for the money to grow in the near future. It is important for you to understand that it is not a mandate to always stick to a single savings account for keeping up with your saving regime. You can consider keeping your money in different accounts to enhance the ways in which you can organize finances and thereafter, cater to...
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Why is it necessary to have a diversified share market portfolio?

If you’re an investor, you must have definitely heard one piece of advice: have a diversified portfolio. But what exactly does this mean? And as an investor in the stock market, what does it mean for you to have a diversified portfolio? What is a diversified portfolio? To put it simply, diversification means not putting all eggs in one basket. Translated in terms of the stock market, this means spreading investments across different assets to minimize the risk. A diversified portfolio has its investments spread across a range of assets: Equities Mutual Funds Listed debt instruments Both Gold ETFs and physical...
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Guidelines to Make Sure Your Online Credit Card Purchases Are Safe

The use of plastic money is gaining popularity over cash transactions. Such an option eliminates the need to carry cash, which can be risky and inconvenient. Besides, the use of plastic money reduces the risk of loss or theft of cash. Cards also have the unique advantage and convenience of using them anywhere, anytime. The good news is that you may use your credit card to make purchases over the internet. You may use your card to pay utility bills and for shopping purposes. It is, however, important to ensure that you do not fall prey to online scams or fraudsters....
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Why Bank Lockers Are Better than Home Safes

People saving their valuables in bank lockers have been steadily increasing over the past century. During ancient and medieval times, people used to adopt extreme measures like hiding their valuables in obscure places, to prevent them from being stolen. However, with the advent of bank lockers, it has become convenient to store your precious items safely.   However, it is important to note that banks are not responsible if your valuables are stolen from your locker. The same applies in the case of natural calamities. One might then ask, why should I store my valuables in a bank locker? The service...
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How Fixed Deposits are taxed in India; Here’s all you need to know!

Fixed Deposits are one of the safest forms of investing money to increase savings. Knowledge of taxes on Fixed Deposits can help you plan your decisions to invest better. For any person thinking of a comfortable future, savings and investments are two major ways to increase wealth – they represent securities as well as hopes for a comfortable and secure tomorrow. Among the various savings options, a good option is the Fixed Deposit or the FD. A Fixed Deposit is a financial instrument, offered  by banks or monetary institutions; investors who sign up for fixed deposit accounts get higher interest rates...
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How to make the most of home loans with Moratorium Period?

Home! A place where four pillars strengthen the bond of a family. A place, where four walls witness countless stories of happiness, sorrows, celebrations and tears. A place, where we celebrate the freedom of being our own self cheerfully. A place, who’s décor reflects dreams. A place, where new beginnings are scripted each morning and bad days end with new hopes for tomorrow. Home, a four-letter word that holds endless emotions of each family member. In this era where nothing is constant, let your home be your permanent source of confidence and joy. Do you live in a home of your...
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How to Avail Housing Loan subsidy on PMAY

The introduction of Pradhan Mantri Awas Yojana (PMAY), catering to the housing needs of the mid-income to economically weaker segments is an integral aspect under the ‘Housing for All by 2022’ mission. The mission is to provide central assistance to implementing agencies through States and UTs for providing houses to all eligible families/beneficiaries by 2022. This route map has been set to facilitate the betterment of the people, thus resulting in the upliftment of the economic growth of the country.   The scheme categorises the applicants into three core groups i.e. Middle Income Group (MIG), Lower Income Group (LIG) and Economically...
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Here's Why Every Indian Millennial Needs a Credit Card

Millennials have grown up in the world of advanced technologies and consumerist culture. They believe in living their dreams and their priority is personal fulfillment. Almost 50% of the global workforce will be this generation by 2020. Although they have higher spending power, millennials are equipped to manage their finances. This generation controls their finances with a focus on accumulating rewards and builds their credit. Credit cards allow the millennials to do more towards achieving personal gratification. Here are five reasons why every millennial must own a card. Cashless payments A high percentage of the population use cards for their spends...
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