DSIJ Mindshare

Taking cue from Fitch Ratings' commentary on the Indian economy, the benchmark indices BSE Sensex and Nifty50 are charting all-time highs. The BSE Sensex was at 38,224.93, up by 277.05 points or 0.73 per cent, while Nifty50 was comfortably trading at 11,537.10, up by 66.35 points or 0.58 per cent at 10:30 am, on Monday.

All commercial banks levy a plethora of charges for providing various kinds of services to the customers. However, the customers may not even be aware of these charges unless they check up their bank accounts regularly.

Home loan is a big financial liability for a home buyer, not only because the amount involved runs into millions, if not crores, of rupees, but also because the tenure of the home loan runs into a decade or more.

Retired persons drawing monthly pension after retirement can claim various deductions and exemptions under various sections of the Income Tax Act. Let us take a look at all the exemptions and deductions available for the retirees that can help them save on their income tax.

Home loan borrowers are at a loss when it comes to deciding which one to choose between the two. Most find that the fixed rate home loans come at interest rates that are usually higher than the floating rate, so they might be instinctively tempted to go for home loans with floating rate of interest.