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रोज़ाना लोगो को दिन मे कम से कम 2 से 3 बार बैंक वालों का फ़ोन आता है क्रेडिट कार्ड लेने के लिए। बैंक आपके दिमाग के साथ खेलता है। आइये जानते है कैसे — पहली बात ये की इस कार्ड का नाम क्रेडिट कार्ड रखा गया ना की लोन कार्ड जबकि वो आपको लोन ही देता है एक तरह से कम समय के लिए ताकी आपको किसी और से पैसे ना मांगने पड़े। पर बैंक जानता है की लोन शब्द सुन क़र लोग इससे कतराएंगे इसके लिए वो लाये एक खूबसूरत शब्द क्रेडिट कार्ड। मेरे एक मित्र ने हाल ही मे क्रेडिट कार्ड लिया जिस पर मैंने उनसे पुछा की आपको इसकी क्यों जरुरत पड़ी जिसपर उनका कहना था — "कई बार पैसो की अचानक जरुरत पड़ जाती है और किसी से माँगने से अच्छा है क्रेडिट कार्ड से खर्चा क़र दो और बाद मे खुद भर दो!" बोहोत लोग इस तरह की सोच रखते है पर 90 फीसदी लोग कोई जायज खर्चा नहीं क़र रहे होते है। कितनी बार ऐसा हुआ की आपने क्रेडिट कार्ड अस्पताल या दवाइयों के खर्चो के लिए करा हों? अधिकतर समय वो ऑनलाइन शॉपिंग और जो चीजें जरुरत की नहीं है उनके लिए काम मे लिया जाता है। अक्सर क्रेडिट कार्ड रखने वाले लोग ये तक कहते है की इससे खर्चा करने से फायदा होता है।...

Recently Finance Minister of India Mrs. Nirmala Sitharaman launches a new Scheme " National Monetization Pipeline" . What is this scheme ? How it will benefit India ? Let's Read with a view of  TejiMandi.com  , they elaborated it very well. """In the 2021-22 budget speech, Finance Minister Nirmala Sitharaman has said that monetising operating public infrastructure assets were an important financing option for infrastructure construction. Currently, the government is finalising Rs 6 lakh crore worth of infrastructure assets, which may include national highways and power grid pipelines. To help bolster the government’s finances, India has been planning to raise Rs 6 trillion from selling state-owned infrastructure assets over the next four years. The plan will include the sale of road and railway projects, airports, gas pipelines etc. All of these planned sales are in line with Prime Minister Narendra Modi’s strategic divestment policy. The govern...

People often ask this question ! Your credit history fundamentally calculates your credit score. All your previous loans and credit card transactions are used by credit bureaus to calculate scores. If the lender uses CIBIL, then a CIBIL score of 750 and above is considered good. To maintain a good credit score, you need to follow these rules: Make your credit payments timely and regularly. All your EMIs need to be paid before the due date. All your credit card bills should be at least on a payment plan. Defaulting on any such payments will lead your credit score to plummet. Maintain your credit utilisation percentage to 30%: This means that the spending on your credit card should be maintained at 30% of the credit limit. Don’t cancel old credit cards: If you pay their bills on time, your old credit cards only make your credit history richer. Follow your CIBIL report continuously. Your credit score not only decides your interest on a personal loan but also expedites the loan approval pr...

You probably aren’t as smart as you think you are In 5–10–15 years you will laugh at yourself 2. Read To speed up the process of negating point 1 3. Spending habits are just as vital as income If not more so 4. Don’t check your valuations It will help with buy and hold Stop speculation Stop worry Save time 5. Write down your goals. It helps with achieving those goals. 6. Focus on 80/20 Example are save and invest now I thought `I am 18/19/20, I am too young to invest`. But from what I know now, every $1 would be worth a lot in the future That is just one example of being productive, others would include having a direct debit attached to my account so I could just automatically invest 7. Don’t care about volatility Markets go up and down Nobody can predict them No need to speculate or panic 8. Be rational Sounds obvious But the natural human impulse is to invest emotionally

In this answer, I will explain how you can save up to Rs 10k per year on the Long Term Capital Gain (LTCG) tax for equity mutual fund. As per current tax rules, there is a 10% tax on LTCG over an above the profit of Rs 1 lakh. An investment is qualified as long term if it is more than 1 year old. Please note that the key here is “there is no tax on profit up to 1 lakh”. How can you save tax up to Rs 10k on LTCG? Let’s say you started a SIP of Rs 20k in Kotak Standard Multicap Fund- Direct-Growth on 1st February 2017. (For simplicity, we are considering only 1 mutual fund) Monthly SIP: Rs 20,000 Total Installment: 37 Investment Amount: Rs 20,000*37 = Rs 7,40,000 Units Purchased = Sum of units of each month = 21,239.67 NAV as of 17th Feb 2020 = 40.661 Current Value of Investment = Rs 8,63,626 Profit = Rs 1,23,626 Now, the total profit on Kotak Standard Multicap Fund till date is Rs 1.23 lakh. However, this profit includes investment till 1st Feb 2020. Long Term Capital Gain is applicable...

There is a lot of confusion when it comes to insurance. Some people think that insurance is all about LIC in India. This is similar to Maggie which is a noodle but we don’t say that we want noodles. We say that we want Maggie. That’s the result of great marketing So, let’s try to clear the confusion (and bust some myths) about “insurance” in India. Insurance is broadly classified into the following categories: Life Insurance Health Insurance Auto Insurance Property Insurance In this answer, we will discuss life insurance and health insurance. Life Insurance: Let’s say you have a family of 4 with a wife and 2 children. You have a home loan of 40 lakh and your wife is a homemaker. It means you are the only bread earner in the family. Your kids are 5 and 7 years old. You have a total investment of 10 lakh in FD, mutual funds, etc. Unfortunately, if something happens to you then- Who will provide financial security to your family? Will 10 lakhs be enough? Who will pay the home loan EMI? W...