It is commonly believed that if Banks are offering you the home loan at 12% means it is the total interest they will collect and calculate on your loan. But it is not like that. Your interest on loan consists of two parts. One is Base Rate and another part is Spread. So let us look at each part and … [Read more...] about Meaning of Base Rate and Spread-Home Loans and Car Loans
Today I will make you familiar with the few basic things about cheque transactions which may be helpful you in dealing through cheque. Including me lot of people these days familiar with making financial transactions through ATMs or online. But knowing about cheque transactions is also important as … [Read more...] about Bank Cheques-Few things you must know
In India each person have at least few thousand rupees as investment in Bank FDs. Because this is treated as safe heaven of investment since history. But have you ever thought what will happen if your Bank become bankrupt? Who will pay you back and how much you get?To protect depositor, RBI came … [Read more...] about Bank FDs-Is your Bank have Deposit Insurance and Credit Guarantee(DICGC)?