Paisawaisa- Financial Solutions

A credit card is certainly not a thing, which anybody will ever wish to lose, but if somehow you lose the card or in case someone steals it, the first thing you need to do is not to panic. Be in yourself and report your missing credit card to your bank (card-issuer). Your account number, last purchase made and a few more details may be asked by the 24 hour bank call centre executive. So, always make sure that you remember these basic info about your card and bank.

In India, unless the customer reports the card-loss to the issuer, the liability for fraudulent transactions rests with the customers, so report the damage instantly to the bank’s 24 hour call-centre. Now, there is another good news for the card-holders who always feel worried of losing their cards. Banks are now coming up with new and innovative schemes to safeguard the interests of their customers and lure them to use the cards for the maximum. Zero Liability is such one benefit offered by some banks, where the customers need not to pay anything in case the card is lost or stolen, however the policy comes into effect only when the loss is reported in writing or through a telephone call. Similarly, ABN Amro Bank has come up with an insurance cover for the fraudulent practice till the time your card is deactivated. State-owned SBI has also capped such liability up to Rs.1,000.

But, there is no denying the fact that ‘Prevention is better than Cure’ and so instead of going in this messy roller-coaster, the best thing would be to take care of the credit cards.

Remain aware of the credit card’s whereabouts and carry only the ones which you need and leave the rest at home (if you have many credit-cards)

Have a look at the slots of your wallet. Make sure they are fit enough to hold your cards intact.

Don’t keep your cards into your pockets.

Always carry the contact list of your bank call centre (card-issuer), so that you could inform them on time, in case of card-loss.

Last, but not the least, the fear of losing card should not make you stop enjoying the unlimited benefits and associated surprises of these cards.

There was a time when Indian banking industry was a simple and reliable business, with the sole function of taking deposits from investors at lower interest rates and then loaned the amount to borrowers at high rate of interests. There were only a few banks in the country and the element of competition wasn’t there. Things changed after the introduction of deregulation and modern technology in the industry. The entry of private and foreign banks also proved to be a turning point for the Indian banking industry. Private banks like Axis Bank now keep on launching a wide range of banking products and services to match the expectations of its customers and also make efforts to attract new ones.

In the last one decade, there has been a drastic change in the traditional way of banking. Now, you can enjoy banking facilities 24 hours a day and 7 days a week through ATMs and at online bankings. Now, the scene of standing in long queues has become a very rare thing. ABN AMRO Bank is also one such bank which offers an innovative range of banking products and services such as PowerPlus Home Loans, Trust & NGO Savings Account and Priority Banking to its customers. Be it accounts, deposits, loans, investment plans, cards or payments, today’s banks are providing everything under one single roof.

Though this is true that global banking industry suffered major setbacks due to global financial meltdown and Indian banks remained no exception, they managed to tide over the impact of global slowdown. Banks like State Bank of India (SBI), Axis Bank, Allahabad Bank, HDFC Bank and Union Bank of India (UBI) are among the major lenders in India, which keep a strong eye on their customers’ needs and come out with innovative offers to match those needs. No-doubt, this creates a ‘win-win’ situation for the customers, who are now being termed as ‘Virtual Kings’ of markets.

Believe it or not…..it’s the good times ahead for the investors in the Indian stock market. Though, the market was badly hurt by the impact of global slowdown and then Dubai financial crisis it is now functioning smoothly. The whole market scenario is now set to change in favor of the investors. BSE Sensex rose with the double growth rate in just 140 trading sessions. Sensex is now hovering around 17,000 mark, which was around 8500 points in March 2009. No-doubt, the wind in the stock market is now blowing in favor of the the investors.

The improving health status of the market is also evident from the fact that more and more companies are now heading for Indian IPO stock market to generate adequate capital to meet their future expansion plans. JSW Energy is among many other companies which have decided to take the route of IPO market. The Indian government is also considering the option for a 5 per cent discount in the upcoming public offers. The planned move is surely going to encourage more and more investors to come forward and invest in the public issues.

At present, the stock market is in the recovery mode and is expected to go upwards modestly. However there is no denying the fact that global financial markets are still reeling under the recession effects, and will take a bit longer time to recover. Many Western and European economies are surviving on the back of large bailouts by their governments, and once these authorities decide to put an end to these bailout packages, global economy will again feel the heat of recession.

As far as Indian economy and market is concerned, it is in the repair phase and the present time seems to be the happy hours for the investors. After global slowdown and Dubai crisis, finally there is something, investors in India can raise their toasts for.

Every individual wants to be independent and stand on his own two feet. One wants to feel important to the world and be a proud part of the scheme of things in this society. We always wanted to buy our own home and have that own special place in this world which we can call home.

A home which is the result of our more then decade long studies. The all nighters we pulled when we wanted the one of the best marks in the class. The running around for those college forms and then studying for more tests. Then after completing those years of studying we get our first job and started earning. That iPod you always wanted and that killer laptop which you always dreamed of does not seem so far away from your grasp anymore.

Then you see your friends and your cousins who were as old as you start making those big steps which define our lives. They moved out and now your parents are giving you the same hints. Stop being such a load on them as they already have their hands full with old age creeping into their lives.

So now you rent a place somewhere close by but after a few years you still are not satisfied and feel the need for your own independent place. Home loans are the answer to these queries and with its help you can now get that place of your own which you always wanted

Now you can invite your parents and let them know that all the money time and effort they put into you all those years were not a complete waste after all. You would have done anything for that look in their eyes when they walk in through the doorway at you new place. That feeling you get when you know that you have done something worthwhile in your life and your parents are proud of you for that. Home loans can always help and catapult you get their.

Make your parents proud of you and alleviate their worries for your future. Now its time you take care of your them.

Must have been reading numerous news of India’s recovery from global slowdown, and the 7.9 per cent growth rate in the second quarter of current fiscal! Everyone seems to believe that Indian economy is now completely out of the recession woods, but this doesn’t seem to be the case with the Indian IPO stock market. You may not agree, but this is what’s happening in the global markets. First, the global markets suffered heavy losses due to the economic meltdown, leading to drastic fall in investors confidence. And now, it is the Dubai debt crisis which is hitting hard the investor confidence, as is evident from the current market scenario in India.

JSW Energy, Lakshmi Vilas Bank and Emaar MGF are among the companies in India, which have recently headed to initial public issue for funding their expansion plans. Going by the statement of JSW Energy Ltd’s Chairman and Managing Director Sajjan Jindal, the total size of its initial public issue is Rs.2,700 cr. Many more companies are also planning the same route for raising funds to fund their future plans. However these companies are now not expecting great guns from the investors, and the situation is likely to get worse, on the back of Dubai cash crisis. Investors are likely to remain picky about the market and will prefer to wait till the market stabilizes.

However India’s Finance Minister is making whole-hearted efforts to boost investor confidence in the markets by saying that the country has a very limited exposure to Dubai financial markets and thus the impact would be negligible. He also seems to favor the continuation of stimulus packages to boost domestic demand and mitigate the impact of global slowdown. All these measures are sure to boost investor confidence in the Indian IPO market and will help the companies to raise funds for expansion.

Loans have become an essential part of every working persons financial resume with the same needs which has been their and will always BE and can only be fulfilled by loans and will be always their but which can be fulfilled through loans. The biggest problem comes with the lack of funds is when one intends to buy a home.

Homes are very expensive commodity in the market with people working and saving for years and still not being able to buy the house they wanted and the house they deserved. In this lack of funds scenario the individual will look for other areas to raise cash and in case of buying homes that involves lakhs of money. Not all of this can be borrowed from relatives and friends and this is too big an amount and thus comes the role of home loans. Home laons can fulfill the gap between the available funds and the required funds and thus help you clinch your dream home that you always wanted.

Thes loans are easy to get as the collateral which is used is the home which is being bought by the funds from the loan itself. Thus their would not be a lengthy verification process as the papers of the home would be with the bank for a particular time period previously mentioned in the contract. Also the home laon applications are much easier for the bank to accept and there are much lower risk category loans for the bank. Also the interest rates are lower then other types of loans and thus it is a win win situation for the bank as well as the loan applicant.

Thus Home loans are an essential requirement for buying a home and is mighty suspicious if the person pays the whole amount in cash and thus home loans are even take by those who do not require it. Thus home loans are an easy way out to getting that dream home you always wanted.

In the last one decade, the banking industry in India has undergone a complete makeover. There was a time, when there were only public sector banks in India and the quality of banking services were much below than average. However, after the entry of private and foreign banks, the banking scenario has improved a lot. In a bid to move ahead of others, banks keep on introducing new and innovative banking products and services to suit the individual needs of its customers.

Public sector banks are also not lagging behind and are performing like never before. Dena Bank is one such bank, which offers a wide range of banking products designed to suit every pocket. The bank has a strong focus on its customers’ needs and keeps on launching new products and services to fulfill their expectations. Dena Niwas Housing Finance Scheme, Dena Vidya Laxmi Educational Loan scheme, Dena Suvidha (Personal Loan) scheme and Dena Trade Finance Scheme are among the many loan products being offered by the bank. Over the years, Dena Bank has successfully made a place for itself in the banking sector.

No-doubt, public sector banks are doing a good job, but this doesn’t mean that private banks are not in the race. ICICI Bank, HDFC Bank, Axis Bank and Yes Bank are among the private banks which are giving a tough competition to the public banks. When you talk about the private banks, Yes Bank stands apart from the crowd. The bank claims to be the new age private sector bank and has an innovative and new range of products and services for its corporate and retail customers. The neck-to-neck competition among the banks has made today’s customer a virtual king in the market.

Just a click on the computer, and you can avail a loan of your choice. The bank representative comes to you and tell you the details of the loan product and if you agree, the loan amount is processed into your bank account. Not just that, banks now offer additional benefits as well. So, if you happen to be a person who wants to open a bank account, or a loan, or any other financial product or service, banks are just waiting for you.

A man is always bogged down by responsibilities, worries and strees during the various phases of his life. The common catchphrase for a successful life is that one has to study hard, work hard and the system will look after you. It will take care and of you and your needs in the end if and only if you follow the rules of the system.

Life can be divided into phases which is even explained in the vedas. Most of you who are reading this blog right now would be part of the “Grahasti” stage of life. This is the stage where you are to earn enjoy life and raise your family. But enjoying life is not the only thing you should do. One should plan for the future and that means health insurance. Now Apollo Health Insurance can be the answer to your future medical needs.

It has many types of policies for every kind of customer. They have broadly divided their insurance products into three categories which are Standard, Premium and Exclusive which caters to the needs of the different needs of the client. Apollo Health Insurance has low premiums and with their own hospital chain medical treatment can be paid much more smoothly with insurance.

Also one of the most popular insurance providers in the market is ICICI Health Insurance which also provides health insurance to a more diverse group of individuals with the company constantly bringing in new insurance products or bundling together two or more existing insurance products. The company is know for their innovation in the market which is one of the major reasons for the gradual increase in the market share of the company.

Health Insurance is no laughing matter and should be taken very seriously with the decision you take now will affect the life you live later on when you would no longer be able to take those decisions again. Thus proper research and a cautious approach will bode well for your future.

As we all know that Insurance is an essential ingredient in every persons financial life and every one needs to have it in more then one form. There are so many forms of Insurance in the market and in so many variants. Sometimes one or more are clubbed together and presented to the client in a package as well.

The bank with the most numerous Insurance options in the country right now is the ICICI Bank with every type of insurance available in the market, this bank has a alternative. ICICI Personal Accident Insurance is one of the first Insurance policies in the country which actually covers claims due to acts of terrorism. Now thats what I call moving with the needs of the market. Also the age criteria is easy with the range of 18 years to 70 years.

The comes one of the most unique insurance product in the market which is the ICICI Car Insurance which is one of the few insurance companies in the market which provides third party coverage as well and also a compulsory personal accident cover worth a total amount of 2 lakhs. Also the company is trying to introduce the concept of cash less transactions in every kind of insurance policy in their arsenal.

It is one of the first companies to introduce cash less transactions in the market with the company also giving a discount on anti theft devices thus making the deal mutually beneficial to both the insurer and the insured. It is the first fully online bank in the country with every possible service which can be gained by a client in person can also be purchased online. Client specific query solution and a well trained client servicing personnel is what makes the ICICI Bank a bank which can be trusted.

The future is not certain and very unpredictable and always full of unexpected happenings and never before thought of happenings which might leave the spectator pleasantly surprised or ready to take his/her life. Life can be going very slow at one point of time and sometimes it flashes by without you having a chance to react and brace oneself and prepare for the final assault.

The best shield and protection against these regular occurrences in life over which you do not have any control is Insurance. Insurance is especially important for your mode of transport and more importantly if you own a two wheeler making two wheeler insurance essential for the young and restless. The best product in this regard is currently the ICICI Lombard Two wheeler Insurance which present a pretty attractive package with even a small amount insured for the rider and not only his ride.

Two wheeler insurance is essential because of the popularity of two wheelers like bikes and scooters in our country and their importance in a person work lives. ICICI Insurance has taken out many such products are in the market and has satisfied many customers. Also the company is known for the least amount of hassles and paperwork once the person comes for a claim and the policy matures.

Insurance is a very touchy subject when it comes to claiming them as people who come to claim the amount do not exactly come with a very happy mood hopping on their heels and holding flowers in their hands. Thus the insurance policy and as well as the company should be kept in mind when going out for a two wheeler insurance policy.