Changing Nominations after Marriage 3 months ago   CIEL

Nominations can be changed by cancelling existing ones and making new ones. After marriage, one can change a nomination to include wife more >>

Filing Complaints with Insurance Ombudsman 3 months ago   CIEL

An individual who has a complaint pending with any life insurance or general insurance company for more than a month can approach more >>

Trigger Option in Mutual Funds 3 months ago   CIEL

Trigger option is a facility offered by mutual funds to partially or complete redeem investments by specifying certain limits. A trigger when more >>

Delivery Instruction Slip 4 months ago   CIEL

A Delivery Instruction Slip is used by sellers of securities to instruct their depository participant to debit their demat account. All details more >>

Subscribing to the Rights Issue 4 months ago   CIEL

Rights entitlements are offered to the existing shareholders of a company as a ratio to the number of securities held as on more >>

Liquidity in a Retiral Portfolio 4 months ago   CIEL

All retiral portfolios must provide income, they must also be liquid enough to meet any short term financial emergency. Hence, flexibility to more >>

NPS Tier II Account Withdrawal 4 months ago   CIEL

Investors can withdraw funds from the tier II NPS account without any restrictions. The withdrawal form, along with a copy of the more >>

Pre-paid Credit Cards 4 months ago   CIEL

Pre-paid credit cards allow the holder to make purchases up to the amount loaded on the card. These are issued by banks more >>

Managing a Mid-career Sabbatical 4 months ago   CIEL

A mid-career break requires planning to manage commitments and expenses on a smaller income. Arrangements must be made to either pay off more >>

Settlement of Deceased Holder's Bank Account 4 months ago   CIEL

Funds in the deceased holder's bank account can be claimed by providing the death certificate of the deceased and proof of identity more >>

Registering a Will 4 months ago   CIEL

Registering a will is a good practice to avoid legal hassels and unnecessary costs. A will can be made on plain paper. more >>

Putting the Annual Bonus amount to use 4 months ago   CIEL

In case the annual bonus amount is an unexpected inflow of funds, an individual must first put the money in a liquid more >>

Premature Withdrawal of Term Deposits 4 months ago   CIEL

Banks are required to allow premature withdrawal of deposits by individuals. The interest that is paid on the deposit will be the more >>

Reporting the Loss of Credit Card 4 months ago   CIEL

Credit card holders are typically protected from liability from the misuse of a lost or stolen credit card provided the loss is more >>

Features of an Emergency Fund 4 months ago   CIEL

The money set aside for an emergency fund must be held in investments that have a high degree of liquidity and stability more >>

What drives the price of gold? 5 months ago   CIEL

The price of gold is influenced by actions of central banks and international institutional investors who alter their holding in gold in more >>

A Budget to Stay With 5 months ago   CIEL

Saving for life’s goals needs a budget that has to be realistic, flexible and one that considers the likes and interests of more >>

Inoperative Bank Accounts 5 months ago   CIEL

An inoperative bank account loses facilities such as periodic statement of accounts, ATM and Any Where banking. There is no penalty on more >>

Opening a Securities Trading Account 5 months ago   CIEL

SEBI has standardised the procedures for opening a securities trading account with a broker. While the note on the procedures and tariffs more >>

Online Bill Payment 5 months ago   CIEL

The facility to make online payment of bills is offered by banks to customers. The biller has to be registered with the more >>

Change in Residential Status of Investor 5 months ago   CIEL

A change in the residential status of the mutual fund investor from resident to non-resident and vice versa has to be registered more >>

Secure the financial interests of the child 5 months ago   CIEL

The addition of a child to the family comes with obligations to secure the financial interests of the child. Insurance cover of more >>

Financial Affairs of the Elderly 5 months ago   CIEL

Keeping track of the financial affairs of elderly parents becomes essential as they get older. Reluctance to take financial decisions, excessive worry more >>

Tax on Winnings from Lottery 5 months ago   CIEL

Winnings from lottery, games of chance and races are liable for TDS at a flat rate of 30% if it exceeds specified more >>

CSGL Account 5 months ago   CIEL

Retail investors can participate in the auction of Gsecs and hold these securities in dematerialized form by opening a CSGL account with more >>

Compounding Benefits in a Portfolio 5 months ago   CIEL

Portfolios see a lower growth if the benefits of compounding are missing from it. Investors can do some simple things to make more >>

PoA for Transactions 5 months ago   CIEL

A PoA empowers its holder to conduct transactions on behalf of the grantor. The scope of transactions allowed is specified in the more >>

Dividend Transfer Plans 5 months ago   CIEL

Dividend transfer plans allow mutual fund investors to shift the dividends paid in a scheme to another scheme of their choice from more >>

Gold in a Retiral Portfolio 6 months ago   CIEL

The role of gold in the portfolio of an individual close to retirement is limited, since it does not generate periodic income more >>

Encashment of NSC 6 months ago   CIEL

NSCs held can be enchased on maturity at any post office in India. The identity of the holder is verified before the more >>

Insurance Top Ups 6 months ago   CIEL

Top up policy allows the insured to enhance the scope or amount of cover at a lower cost. The policy can be more >>

A Household's Balance Sheet 6 months ago   CIEL

Financial planning is an exercise that enables a household to make choices relating to the income, expenses, assets and liabilities. Decisions that more >>

Tax Benefits on a Joint Home Loan 6 months ago   CIEL

Co-borrowers of home loan who are also co-owners of a property are eligible for tax benefits available on repayment of home loan. more >>

Equity Contract Notes 6 months ago   CIEL

The equity contract note is evidence of trades done on a stock exchange on behalf of an investor. It contains the trade more >>

Managing Financial Paper 6 months ago   CIEL

Sorting financial paper regularly, keeping only current documents and shredding what is not required are the three steps to organize paperwork created more >>

Converting Card Purchases to Loan 6 months ago   CIEL

Credit card holders may be given the facility to convert purchases made into a loan. Card issuer may specify the period during more >>

Reconciling TDS 6 months ago   CIEL

An assesse stands to lose on credit for tax paid if TDS is not fully reflected in the TIN records. Therefore a periodic reconciliation more >>

Teaching Kids Money Habits 6 months ago   CIEL

Managing money is an important life skill for kids to learn. Giving them a monthly allowance in which they have to take care of certain requirements more >>

Build a Sound Financial Base before Marriage 6 months ago   CIEL

Sunil should not consider marriage till he has built a corpus to take care of his financial obligations.He must take care not more >>

Obtaining International Travel Card 6 months ago   CIEL

International travel cards are a convenient and efficient way to meet expenses when travelling abroad. They are pre-paid cards and are easy to buy more >>

Capital Losses From Equity Trades 6 months ago   CIEL

Capital losses from equity trades can be carried forward over a period of seven years and set off against gains thus reducing future tax more >>

Saving for Studies 7 months ago   CIEL

Funding higher education is a challenge for many youngsters, even if they have begun to earn some money.  They need to evaluate how much more >>

Tracking IT Returns 7 months ago   CIEL

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Tax Audit 7 months ago   CIEL

If your revenue or turnover from profession or business exceeds certain prescribed limits in a year, you have to get your accounts more >>