Cashback offers are raining this shopping season. It is a new form of discount contrary to direct discounts offered by E-Commerce players. Cashback offers are offered by Mobile Wallets and Credit Card Providers. These mobile wallet companies are now eyeing a pie of e-commerce space. It is a logical horizontal extension for them to complete the value chain. When mobile wallets were launched, i shared a post, Mobile Wallet - Convenience or Inconvenience. At that time, my personal opinion was that it is more of inconvenience. The money gets locked but the only advantage was security i.e. you need ... Read More
Small Savings Schemes – Why Govt should cut interest rates
Small Savings Schemes are more of social welfare schemes. Recently govt mooted idea to cut interest rate of small savings schemes. Any revision in the interest rates of such schemes faces opposition from various quarters. The worst part is that this protest is without any logic and reasoning. As a citizen of India, we should understand the mathematics behind the decision. After thorough understanding, we can debate and discuss the merits or shortcomings. Also, we should review each and every decision 360 degrees. Any myopic view of the same will give biased approach. This post is not a ... Read More
Personal Loan – 5 Important Points to Avoid Rejection by Bank
Personal Loan is availed by borrowers to meet the immediate financial requirement. It is an unsecured loan. You need not provide any collateral/mortgage to avail the personal loan. The only collateral is signed cheques submitted by the borrower. As it is an unsecured loan, therefore, the rate of interest is much higher at 16%. Now compare it with secured loans like Home Loan at 9.55%. To be very honest, you can avail personal loan only if you are a salaried individual. Second pre-condition of the banks is that you should be maintaining good financial relation with the bank. The loan amount is ... Read More
Financial Fraud – Beware of 5 New Tricks from Tricksters
Financial Fraud is now an organized sector. In past, i wrote various posts on how to avoid credit card frauds and safety of banking transactions. Daily the tricksters are finding new ways of financial fraud. The victim is caught unaware. The biggest problem is that victim does not know what to do in case of financial fraud. In a recent case, one of my clients became a victim of financial fraud through net banking. He went to local police station to register FIR. The police official refused to register his complaint/FIR. When the victim insisted, the police registered NC. The police told him to ... Read More
Why Danger of PANIC SELLING is looming on Stock Markets
Stock Markets are going through a very bad patch. It's a mix of both domestic and international factors that are responsible for the recent meltdown in stock markets. In the beginning, of this month, i shared a post, Investment in 2016. I highlighted the factors that will influence the returns in 2016. I was hoping against hope that markets will stabilize. It seems that currently everything is going against the stock markets. The recent developments are not encouraging. In my opinion, the danger of panic selling is looming large on Indian stock markets. I am not an investment adviser but my ... Read More
Physical Gold – Why you should hold it for Emergency Situation
It's a universal truth that Physical Gold act as an alternate currency. Investment Advisers never suggest you holding physical gold because of various reasons. Some of the reasons are security, purity, making charges if it is jewelry etc. I am not considering returns at this moment. I personally believe that there is 10%-15% more downside from current levels due to world's economic condition. Besides alternate currency, Gold also act as a hedge against inflation. Experts always suggest investing through Gold ETF's. Recently launched Gold Monetization Scheme generated lot of interest among ... Read More
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