What is a ‘Reverse Mortgage’ Scheme?

What is Reverse Mortgage? A reverse mortgage (or lifetime mortgage) is a loan available to senior citizens. The finance minister of India  introduced this scheme in 2007 which is already well known concept in the West. “Reverse mortgage”, as its name suggests, in simple words is just the  opposite of a normal housing loan.  Image…

How Are Interest-free Days Calculated For My Credit Card?

Last time we discussed about “What is a Virtual credit Card?” to help you avoid any fraudulent transaction on your Credit Card. In this article we are going to discuss about how to calculate the interest-free days for your credit card. Nowadays, everyone uses a Credit Card and we are slowly and gradually realizing the…

I defaulted on my SIP Installments; what should I do now?

The extreme volatile conditions in the recent past in the markets have led to hysterical selling by many investors. And this panic-stricken selling is not limited to stocks alone. There were many investors who have redeemed their mutual fund schemes and have stopped their monthly SIPs too. However, if you look at it from the…