Thursday, March 30, 2017

ASK

What is the procedure for raising the credit card limit?

In order to raise the credit limit, talk to the customer service department of the bank

ASK

Can I transfer the fire policy cover to my brother's name?

Since the property now belongs to your brother, you no longer have an insurable interest in it

ASK

My investments in NSC matured a month ago so can I claim the tax deduction?

The maximum amount that can be claimed as a deduction under Section 80 is Rs 1 lakh

ASK

What is the difference between ECS, RTGS and NEFT?

Banks are able to participate in these systems depending on the infrastructure they have created

ASK

Please advice if investing through SIP a good investment?

This is a 5-star rated multi cap fund which invests in companies that are part of the BSE 200 Index

ASK

Will I be eligible to get relief from interest on education loan?

The subsidy is not applicable for a loan taken prior to April 1, 2009

ASK

Is the bank correct in debiting charges from inoperative savings bank account?

Take up the matter with the bank manager and also check with them about where this rule is stated

ASK

Can the insurer cancel the policy if any incorrect statement is found?

Under such circumstances, the insurers have the option to cease all benefits under the policy

ASK

What are hybrid mutual funds?

Hybrid funds could also have allocation to gold and follow a disciplined asset allocation plan

ASK

When is the payment made under a critical illness rider attached with a policy?

The payment is normally made 30 days after the critical illness is diagnosed