You can retain the No Claim Bonus when you sell your car.

posted by Sreekant in Do You Know? (DYK), Financial tip of the week, Insurance, Sreekant's scribbles on 15/11/2011

Do You Know #8: You can retain the No Claim Bonus when you sell your car. Consider this. You have owned a car or two wheeler for five or six years now and maintained it like your child. You drive it so carefully (and have been lucky too, as there are millions of others on [...]

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I promise to pay the bearer the sum of…

posted by Sreekant in Do You Know? (DYK), General, Sreekant's scribbles on 22/10/2011

“Have you ever observed an Indian currency note closely? It reads “I promise to pay the bearer the sum of Rs…” and is signed by the Reserve bank governor. Any idea of how he will pay the amount he has so promised? We had recently posted this question on our Facebook page and received a [...]

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Cash withdrawal on credit cards incur interest from day one.

posted by Sreekant in Borrowings, Credit cards, Do You Know? (DYK), Financial tip of the week, Sreekant's scribbles on 29/09/2011

Do You Know # 6: Cash withdrawal on credit cards incur interest from day one. Credit card transactions usually enjoy a free credit period of maximum 50 days (20 days from the end of the billing cycle of 30 days) provided you have settled your earlier dues in full without rolling over credit by paying [...]

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News you would rejoice!!

posted by Sreekant in Do You Know? (DYK), Sreekant's scribbles on 30/05/2011

Certain recent developments in the personal finance world could make you rejoice. Here they are: 1. You may not have to file your income tax returns from now. If the annual chore of filing your income tax returns has been bothering you, cheer up now. Yes, if you are employed and have an employment income [...]

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