I recently read newspaper reports about how Sudipto Sen of Saradha fame continues to enjoy a high credit score of 777 in his CIBIL report and how, based on that, he is eligible for loans at an excellent interest rate.
I am a 50-year-old executive in a multinational company. Recently, my company paid its employees a lump sum in lieu of a pension. I got about Rs 25 lakh.
Kusum Gokarn, 77, shifted into a society built specially for senior citizens in 2006. After her husband passed away in 2010, she now lives alone in a two-BHK 'independent living' flat.
The pension scheme run by the Employees Provident Fund Organisation (EPFO), a decades-old statutory body with 80 million members, doesn’t have the date of birth of almost 95 per cent of them.
A couple of years before she retired and returned to India from Dubai, Geeta Kumar bought a package at a timeshare holiday resort, hoping to go on regular holidays with her family.
Losing a loved one is a setback to any family; the pain could be greater if members fight over the property left behind. Therefore, a will is vital, as it clearly mentions how the assets should be distributed.
Today, a demat account is almost as necessary as a savings bank account. It is essential if you want to invest in shares or non-convertible debentures or exchange-traded funds.
A consumer who files a complaint has to prove his case. However, there are exceptions to this rule, such as an unexplained accident occurring for no apparent reason. In such a case, defect is presumed and need not be established by the consumer.