by Basavaraj Tonagatti | Nov 30, 2015 | Banking, Investment Planning
We all have Bank Fixed Deposit (FD), at least a one. However, have you ever thought of what will happen when depositor dies before maturity? Whether your nominees or family members know the rules? Recently, one of my blog readers asked this question. His father had... 
by Basavaraj Tonagatti | Nov 24, 2015 | Insurance Planning
Whoever is planning to buy term insurance, they have the biggest concern of whether the company settle the claim or not. So ideally, they look for the Claim Settlement Ratio. However, from now onward, you no need to concentrate that much on this raw data. Recently,... 
by Basavaraj Tonagatti | Nov 20, 2015 | Investment Planning
Do you believe it? Two third of adults over worldwide are financially illiterate. Shocking but the reality. This is the data from Standard & Poor’s Ratings Services Global Financial Literacy Survey of more than 150,000 adults in 148 countries in 2014. This... 
by Basavaraj Tonagatti | Nov 18, 2015 | Mutual Fund
Axis Mutual Fund came up with an NFO (new fund offer) named as Axis Children’s Gift Fund. This fund came up with an emotional tag of Children’s Gift. The offer will be available from 18th Nov to 2nd December, 2015. Well, in my view this fund is using the... 
by Basavaraj Tonagatti | Nov 16, 2015 | EPF and PPF, Tax Planning
Does your employer offer you superannuation benefit? Whether you know how it works and what are the tax benefits? Many employees not aware or never bothered. Because the contribution is not from their own pocket. Let us discuss more about this benefit. Below are the... 
by Basavaraj Tonagatti | Nov 13, 2015 | Banking, Investment Planning, Mutual Fund
Knowingly or unknowingly, we all quote our PAN card number. We never consider or rethink whether quoting our PAN number for particular financial transactions is mandatory or what. However, IT Department made a list of such transactions where quoting PAN is mandatory.... 