What are the various charges on credit cards?

THERE are a lot of hidden costs on that credit card you own and if you aren’t watchful enough, your monthly statement may shock you. Here is a checklist on when and how your lender can slash you with charges. You have an overdue payment If you don’t settle the minimum amount due by the…

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How your credit card works

IT’S said that Forewarned is often Forearmed. This aphorism has given birth to a generation of knowledge seekers. Everyone wants to know every detail about everything before they do anything. No wonder websites like Howstuffworks.com have been born and are doing rather well. While it may not serve any purpose to know how snow leopards…

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Where to invest for retirement?

WHOEVER said variety is good for consumers had no marketing sense. An experiment with jams showed that when a customer had six options to choose from, the conversions were much higher than when he had 24 options to choose from. With so many options, the consumer gets paralysed with the burden of selection. Is this…

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Understand investing options

Summarised below are the short-term and long-term financial investment options available for Indian investor 1. Savings Bank Account Use only for short-term (less than 30 days) surpluses Often the first banking product people use, savings accounts offer low interest (4%-5% p.a.), making them only marginally better than safe deposit lockers. Money Market Funds (also known…

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