Credit Card Users

 

 





1 Credit cards usage amounts to taking an unsecured loan from the card company.Interest rates on credit cards are high (22-48% p.a.). Interest is levied on monthly basis (39% p.a. is 3.25% monthly).

2 Credit cards come with an interest-free period-no interest is payable on the outstanding during this time.Typically, it is for 20-50 days.

3 Beyond interest-free period, monthly interest on outstanding will be charged.In addition, late payment fee and service tax (14.5% after Swachh Bharat cess) will be levied.

4 Paying minimum amount due does not mean interest need not be paid. It needs to be paid on balance. Benefit of paying minimum amount is to protect credit score.

5 You can withdraw cash using a credit card but the cash withdrawal limit is usually lower than the credit card spending limit.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. IDFC Tax Advantage (ELSS) Fund

4. ICICI Prudential Long Term Equity Fund

5. Religare Tax Plan

6. Franklin India TaxShield

7. DSP BlackRock Tax Saver Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. HDFC TaxSaver

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online

Invest in Tax Saver Mutual Funds Online

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300