Finance

Real life experience and money saving tips about home loan, personal finance, credit cards and things that bank would not tell you.

Registered power of attorney for property management in India

Registered Power of Attorney In India For Managing Property

 21 May, 18 

Registered power of Attorney In India is required to manage property if you are NRI. Use the sample POA template and register in SDM or registrar office. NRI or non-Indian passport holder need attestation of PoA by Indian embassy before registration in India. Registration at PoA holder's state with address proof.

438 Finance
sbi maxgain home loan account helps earn more interest than savings account if you plan carefuly

SBI Maxgain Home Loan Account – Park Money to Earn Higher Savings Interest

 20 May, 18 

SBI maxgain home loan account helps you earn more interest on savings by setting off high loan interest outgo. NRI need Power of attorney for closing maxgain account. Surplus amount withdrawal is allowed only after possession and full disbursement of loan. NRE account to maxgain OD account is one way, non-repatriable.

236 Finance
Cost To Company India - How does it differ from Take Home Salary

What is CTC? Difference between CTC Package & Net Salary?

 20 May, 18 

CTC full form is Cost To Company. It means total salary package and benefits received by employee in a year including free meals, cabs, interest free loans. CTC = Direct benefits + Indirect benefits + Saving Contributions. Take Home pay = Direct Benefits – Income tax – Employee PF – Other deductions, if any

61 Finance
How much loan can I get on my salary in India

How much Loan can I get on my Salary in India?

 17 May, 18 

Home loan eligibility is about 60 times the amount of your net monthly salary as home loan. Increase loan amount by adding wife/parent as co-applicant with their income. Car loan eligibility is based on car value and your in-hand net salary. Bank finances 80-90% of home cost in white money (registration amount).

195 Finance
Cost of sending iphone to India from USA

iPhone to India from USA – Custom Duty, Shipping Cost of sending

 14 May, 18 

Sending phone from USA to India is expensive than buying in India. Indian Buyer pays the Custom duty and GST tax, at very high rate of 34%. Marking as Gift does not evade custom duty. USPS Global delivery is cheapest. Carrying by hand and not declaring at Indian airport custom can help you evade duty but not safe.

386 Finance
Attestation of Power Of Attorney At Indian Consulate

Attestation of Power of Attorney at Indian Consulate – USA

 8 May, 18 

Attestation of Power of Attorney at Indian Consulate is required to get POA registered in India for property management. Notary is NOT same as Attestation. Original passport, US address proof, Valid US legal status and 2 passport photo required. US citizens need Apostile by state secretary before attestation.

771 Finance