P Chadha - Fintistic

Check your CIBIL Score & Credit Report Online in <5 mins for FREE [2018]

Your credit score can have a significant impact on your financial life...

This score is an indicator of your financial health and it will be verified every single time you apply for a loan or a credit card.

As you may expect, a high score will make your application move much faster while a low score will result in denial of same.

It's for this reason that it's recommended to keep a close tab on what goes into your credit history and check your CIBIL score from time to time, but definitely before you apply for a loan or a credit card.

Fortunately, checking your own score is very easy and you can do so from the comfort of your home. And you can do it for FREE once a year.

How?

Follow along...

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Check your CIBIL Score & Credit Report Online in <5 mins for FREE [2018]Read More »

SBI Savings Plus Auto Sweep (MOD) Account [2018 Review]

Like most other banks, SBI too has been offering savings accounts with an Auto Sweep facility for many years now.

They have named it as 'Savings Plus' account.

Savings Plus for SBI is essentially a savings account linked to their MODS facility.

With MODS, any surplus funds above a threshold limit can automatically be transferred to the fixed deposits while withdrawals are made in multiples of INR 1k.

In this post, I will do a detailed review of Savings Plus account and provide my recommendation on whether you should opt for it or not...

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SBI Savings Plus Auto Sweep (MOD) Account [2018 Review]Read More »

3 Ways to check Form 26AS & Tax Credit/TDS Statement Online [2018]

Before you file your taxes...

...make sure that all the tax credits deducted against your name have actually been credited to your account.

Be it TDS on your Salary or TDS deducted by banks on your fixed deposits, or some thing else, you should always cross check that these amounts have actually been deposited to the Income Tax department on your behalf.

Fortunately, with e-governance initiatives undertaken by IT department, it's now extremely easy to do these verifications by simply downloading your Form 26 AS.

In this post, I will do a step by step walk-through of three different methods to download your Form 26AS. Additionally, I will also cover basics on how to best interpret and use this form effectively...

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How to pay LIC Premium Online in less than 15 mins – 3 Options

LIC is amongst the most trusted names in the Indian life insurance sector. And millions have purchased their policies from this household name.

However, when it comes to paying their regular premiums, most of these policy holders spend hours of their time standing in the queues at LIC offices.

This is probably because they are not aware of the multitude of online payment options that are easily available and are much more convenient.

In this post, I will cover all these online payment options for LIC premium in complete detail.

Let's start...

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How to pay LIC Premium Online in less than 15 mins – 3 OptionsRead More »

5 Smart Ways to avoid TDS & Taxes on Fixed Deposits [2018]

Fixed deposits are inherently tax inefficient...

Any interest on them is 100% taxable. And to add to that this interest is also subject to TDS in case it's more than 10k INR/year.

Now, even if you are otherwise under the overall exemption limit, by default, TDS will still get deducted from your account.

And once its deducted, it becomes a game of waiting. You first wait to file your returns and then you wait for the tax refund to actually happen.

Won't it be simple if you could avoid this TDS altogether? But can you even do that?

Well, yes, you can...

And in this post I will cover 5 ways to minimize your TDS...

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5 Smart Ways to avoid TDS & Taxes on Fixed Deposits [2018]Read More »

How to easily transfer funds to your PPF Account Online [2018]

Do you already have a public provident fund account?

If yes, congratulations! You made an excellent investment choice (at least in my view).

PPF is an investment option that everyone should avail of as soon as possible. It's amongst the best fixed income investments, it boasts of high returns, it's risk free and most importantly it's also 100% tax free.

However, as great as this investment is, you may be facing one issue...

... i.e. of having to visit the bank branch or post office physically to make a deposit.

In a world, where everything is online and at your fingertips, visiting physically to deposit money seems so much from the past. It's a hassle.

In fact, so much so, that some friends have actually discontinued their PPF investments just because of this reason.

Fortunately, things have changed. And now, in most cases, it's actually possible to skip these physical visits completely.

Read on...

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How to easily transfer funds to your PPF Account Online [2018]Read More »

How to Change & Correct PAN Card Name, Address & Signatures Online

You got married recently and now you want to change your last name on your PAN card?

Or maybe you just shifted to a new home and want to modify your address? Or possibly you want to change your signatures or your father's name or your photograph or your date of birth or some other such information.

Whatever it is, you are doing absolutely the right thing by keeping your pan account up to date.

But, how to go about it? And how much effort will it take? Quick answer to these questions is that the process to update your pan details is well defined and can be completed online. In most cases, you won't have to visit IT office at all.

In this post, I will cover this entire process in detail...

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Top 7 Savings Accounts with Highest Interest Rates [2018]

4%...

Yes, 4% per annum... That's the interest rate offered by most bank accounts in India. And some go even lower.

When RBI deregulated savings bank interest rates back in 2011, it was expected that banks will start competing for retail accounts and hence the interest rate on offer will slowly rise.

This hasn't happened though, as most entrenched banks have continued to stick to their standard 3.5%-4% offering.

But, fortunately, there are some exceptions...

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Top 7 Savings Accounts with Highest Interest Rates [2018]Read More »

Best NRE Fixed Deposit (FD) Interest Rates for NRIs [2018 Comparison]

Do you agree that NRE (Non Resident External) Fixed Deposits are amongst the best fixed investment options for NRIs?

And if you do, are you interested in the best interest rates on offer for these deposits right now?

If yes, this post should help.

I will compare the interest rates being offered by all top banks as well as list down the banks offering the highest rates right now...

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Best NRE Fixed Deposit (FD) Interest Rates for NRIs [2018 Comparison]Read More »

How to Check your PF Balance Online – Via UAN, SMS, Missed Call & App

EPF is a social security scheme managed by EPFO (Employee Provident Fund Organization) targeted at your retirement.

Essentially, you and your employer both contribute up to 12% of your basic salary each month and you get the entire corpus back at the time of your retirement.

It is often the very first saving that one makes as it's a mandatory investment for all salaried people in India.

And like any other investment, it's a good practice to keep a close tab on your provident fund balance.

In this post, I will cover five easy ways to do just that...

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Author name: P Chadha