How to avoid paying higher charges levied by your bank

THE ECONOMIC TIMES Tue, Mar 21, 2017 | 06:33 AM IST ET Wealth Newsletter

WHAT'S HOT #Tax Planning, #sukanya samriddhi yojana calculator, #tax filing,#critical illness,#taking a personal loan,#tax saving

How to avoid paying higher charges levied by your bank Banks have reintroduced charges suspended during note ban and added new ones. What worries customers is how banks deduct money directly from accounts. Still paying interest on home loan at old rates? Cut EMI by switching to MCLR-linked rate now Should you go for a reset even if it involves a small charge? Yes. The amount you save will be significantly higher over the years. Should you renew maturing bank FDs in the current interest rate scenario? Remember, government bonds, small savings schemes and other debt options offer higher returns than bank fixed deposits. From our Partners Toshiba, committed to 'Make in India' and 'Export from India' Toshiba, committed to 'Make in India' and 'Export from India' From our Partners Find Your Kingdom A world that people said was just 'make believe, but to us, it was as real as real could be. We envisioned our own kingdom, a beautiful and luxurious castle that belonged, entirely to us. Select PSU stocks are a good bet in current heated market: Find out which ones The recent underperformance relative to the broader market could present an opportunity for investors ready to play a waiting game. Should small savings interest rates be cut? Find out what financial experts say Nilesh Shah, Managing Director, Kotak Mutual Fund, says that the interest rate should be kept at market-determined levels. EPF must invest in equity to grow fast enough: Expert View By investing in equity markets, EPF should be able to earn an annual income and earn positive returns each year, so that it can be credited to members. These apps can help you stay healthy and active at work Thanks to these free apps, you can now simply do some quick exercises without going too far away from your work station. From our Partners How Mumbai's Dabbawalas are leveraging tech by offering digital services With the world and India taking digital leaps, the dabbawalla's too have found the need to embrace technology and offer click-based services. From our Partners Meet Lakshmi - India's first banking robot is here to help you Meet Lakshmi - India's first banking robot is here to help you

Financial Calculators Tax Impact Calculator This tax calculator will help you estimate your tax liability. Just input your personal income details and know how much you would be liable to pay. Home Loan Refinance Should you refinance your home loan? Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy. More Calculators

How to make your own financial plan To make your own financial plan, firstly one must know how much they can invest. Random investments are not very useful. 7 smart ways to cut down your wedding costs Weddings can cost a bomb. So if you're short of cash, among other things, these smart hacks can help you lower the expenses. Long term investments must be in equity to beat inflation: Expert view Equity exposure in our country is miniscule. Indian savers must shake off the fear of equity that lies deep in their hearts. Stay invested in stock market rather than trying to time it: Prateek Pant, Sanctum Wealth Management While there is no good time to enter the stock market, it's important to stay invested and add to positions regularly, instead of trying to time it. There may be some hiccups but equity market outlook remains bullish: Anish Damania, IDFC Securities As global growth shows signs of strength, asset-based stocks and export stories could do very well, says Anish Damania, CEO, IDFC Securities. Axis Long Term Equity Fund: Monitor performance over coming 6-12 months With a 7-year return of 18.03%, the fund has outperformed the category average (12.56%) and the benchmark return (8.95%) by a huge margin. Stock pick of the week: Why analysts are bullish on Orient Cement The company was able to report a revenue growth of 50 per cent and an 11 per cent fall in its net loss on a year-on-year basis. Tax Optimizer: How NPS, study loan can help Chennai's Veeraswamy save tax Sudhir Kaushik of Taxspanner.com advises readers on how to restructure their income, investments and expenses to optimise their tax. Portfolio Doctor: Find out why Gowda should get out of sector funds, small cap schemes The portfolio doctors on our panel will assess the health of the MFs, examine their suitability and, if required, recommend corrective measures. Is passive investing the best way to grow wealth in the long term? A passive fund replicates the composition and performance of an index say, Nifty or Sensex, whose portfolio will be exactly the same as the index. 5 smart things to know about Infrastructure Investment Trusts (InvITs) InvITs can be established as a trust and registered with Sebi and consists of four elements— trustee, sponsor(s), investment manager and project manager. How to use SWP to withdraw investments on a regular basis A systematic withdrawal form needs to be filled up to avail this facility. This form can be downloaded from the fund website. Delhi startup ONE Co.Work helps provide co-working spaces to entrepreneurs, freelancers In July 2015, Himanshu Bindal, a management graduate from the London School of Economics, and an MBA from the SP Jain Institute, founded ONE Co.Work. Alternative investment returns monitor: For week ending March 15, 2017 Don't compare these with returns from traditional investments since the proportion and purpose of alternative investments is vastly different.

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