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Sreekanth Reddy
374 followers - ( Be in the Know.. Financially ) ( Be in the Know.. Financially )

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5 Practical ways to increase your Take Home Pay !

It is surprising that how a simple question like – “Are you satisfied with your take-away salary?” can make 70% of the people answer in a resounding ‘NO’.

Read on to know the five practical tips that could boost your take home salary!

* Know your Worth
* Invest your Money
* Bonuses....

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This is a guest post by Sanjeev, co-founder of

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Latest Interest rates - Small Saving Schemes (PPF/NSC/SSA..) :

The RBI has recently hiked interest rates, the banks have started to raise rates, but, the Govt has decided to keep the Small Saving Schemes rates unchanged.

The rates of interest on various small savings schemes for the second quarter of financial year 2018-19 starting 1 July 2018 shall remain unchanged from those notified for the first quarter of financial year 2018-19.

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Here is one of my favorite Chinese Proverbs that can be very inspiring for Investors –“The best time to plant a tree was 20 years ago. The second-best time is now.”

Start investing as much early as you can and you will enjoy the real magic of –Power of compounding...

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EPF Latest Update :

EPF Subscribers who resign from their service can now withdraw 75% of their total Provident Fund (PF) kitty after one month from the date of cessation of service. This will be considered as a Partial PF withdrawal (Advance).

Members will continue to have the choice of withdrawing the entire / balance amount, if they want to close the account, after two months , provided the member is unemployed and/or do not make any fresh PF contributions.

Currently, the EPF Scheme allows Final withdrawal (full withdrawal) only after two months from the date of cessation of employment of the members.

A word of advice : Your EPF contributions / savings are meant for your retirement (long-term). So, think twice before you withdraw your PF money. Try out all the options and sources to fund your expenses or needs. EPF Withdrawal should be your last resort.

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Shriram Transport Finance Co's latest NCD Issue :

STFC is proposing to offer Secured NCDs.

Issue Date : 27th June to 20th July, 2018

Issue Size : Base Issue size is Rs 1,000 cr (with an Option to retain over-subscription amount of up to Rs 4,000 Crores.)

Rate of Interest : 8.93% to 9.50%

Available Tenor options : 3 years to 10 years

Senior Citizens to get an additional incentive of 0.35% p.a.

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#LatestNCDIssue #ShriramNCDs #ShriramTransportFinance

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Gifting of Mortgaged Property :

Can a property with outstanding (home) Loan be Gifted?

What happens if you inherit a property with a Mortgage?

What does the Law say about gifting a Mortgaged property?....

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How to get a consolidated view of Mutual Fund Scheme change list?

3 ways to check Mutual Fund Scheme change list post SEBI's reclassification.

Online facilities to get a consolidated view of Mutual Fund Scheme changes in one place....

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6 Best Business travel Credit cards :

Traveling to different parts of India and abroad does not really come free of cost especially if situation entails frequent movement from place to place.

The statement above actually refers to the tours usually associated with certain Business Development or Marketing jobs.

Travel credit cards can be the ideal medium to pay off the expenses when the tour has to be undertaken on a short notice to meet corporate urgencies.

Usually, big corporate houses offer business travel credit cards to those employees who have to make journeys once or twice every month.

6 best business credit cards for travel...Citi, SBI, Axis, Kotak....

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This is a Guest Post by Raghavendra Pratap Singh of

Latest (Good) News : Home Buyers get Creditor status

The Insolvency and Bankruptcy Code Ordinance, 2018, gets the approval of the President.

As per this, Home buyers are now placed on par with other Financial creditors.

Current Scenario : A Home buyer is currently treated as an 'Unsecured Creditor'.

Property Buyer invests his/her monies in an Apartment, the Developer utilizes the buyer's payment to develop the project, but, when something goes wrong, this very home buyer is the last to get the dues (if the realty firm goes bankrupt). The existing resolution process favors the Lenders despite home buyers having a larger financial share towards completing a realty project.

Once a realty firm went bankrupt, the flats for which home buyers had given money would become the property of banks who could auction them without bothering about the investments made by the buyers.

Henceforth, by bringing home buyers at par with other lenders (financial institutions), the buyers shall not be left in a lurch and shall not lose their life time’s hard earned money and shall have some guarantee or something to fall back upon as the case may be..

The amendment allows home buyers to be treated as secured "financial creditors" for the insolvency process, so that their total investments are reflected in the sum which can be recovered from the sale of assets of a reality firm.

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RBI hikes Repo Rate :

As expected, RBI hikes Repo Rate by 25 bps to 6.25%; 1st Repo Rate hike since January 2014. RBI has also increased the reverse repo rate to 6%.

I had earlier published an article on 'possible rate hike' (in May 2018), which is very much relevant now.

You may go through this article @
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