On return to India, inform bank of changed residential status
iStockPhoto I am 60 plus, and am returning to India after staying in the Gulf for 20 years. I have non-resident external (NRE) and foreign currency non-residential (FCNR) deposits, which…
MF redemption process takes 1-3 days based on type of fund
iStockPhoto I have lost a lot of money in stock trading in the past and so I am sceptical of mutual funds (MFs). How do I invest in MFs but…
Mutual fund SIPs can be for long-term and short-term goals
iStockPhoto I am 37 and earn Rs. 12 lakh per annum. I have a pure-term insurance of Rs. 50 lakh from LIC and health insurance ofRs. 10 lakh from National…
Policy terms can’t be changed during free look period
iStockPhoto What are the important riders that can be bought with a basic term life plan? —Kunal Gupta Common riders available with a term life plan include: accidental death, permanent…