The only solution to his issue is long term insurance policies. Now you can directly get a 3-year bike insurance policy instead of renewing your policy every year. The best part being that these long term insurance policies are approved by the Insurance Regulatory Development Authority (IRDA). You will not have to keep track of your insurance expiry date every year.

Advantages of getting 3-year bike insurance:

Pay less save more:

When you purchase bike insurance for three years, you save more. You can save on the premium for third-party liability that gets frozen at the start of the first year. When inflation strikes, the price of the premiums also increases by a minimum of 20% annually. So if you have long term insurance, you will end up paying less premium even after inflation strikes. The calculation of the premium is also based on the IDV(insured declared value) of the vehicle. This value is calculated based on the selling price of the brand and model as listed by the manufacturer at the time of the inception of the policy or renewal. As the automobile gets older, the IDV also depreciates. The payable amount remains stable when you get long term motor insurance.

Convenience:

Purchasing three-year bike insurance is very convenient as you will be released from the stress of renewing your motor insurance every year in time. You can relax and not worry about the expiry of your motor insurance for at least three years.

No Claim Bonus:

No Claim Bonus is the discount provided by the insurer if you as a policyholder have not made any claims during the duration of the policy. So when you are eligible to claim 20% during the renewal of a long term policy, then a 20% discount will be applicable for all three years.

Apart from these advantages, there are also some disadvantages to purchasing three-year bike insurance.

You as a policyholder will not be able to take advantage if there is deflation. The premium amount is frozen right at the start of the policy, so if you have long term insurance, the premium will not drop even if there is deflation. Also, you can face a minor loss if you want to sell your automobile. If you decide to sell your car within the three years of your insurance, then it is you who is bearing the cost of the insurance.

But overall, buying three-year bike insurance will be a very wise decision as the chances of deflation are very less. Also, a long term two-wheeler insurance has more benefits.

You can now purchase long-term bike insurance from Future Generali. Gone are those days when you needed an agent to purchase a motor insurance policy. You can directly visit our website and purchase a long-term bike insurance policy.

Having good knowledge about gratuity is very important, especially if you are an HR manager. Although gratuity is a well-known employee benefit, there are still many people who do not have a clear understanding of it. Taking this into account, we have included some critical facts about gratuity that every working individual should know. From it’s meaning to its significance, we will help you learn a host of things in this blog. So, let’s dive in.

Understanding Gratuity

For people who do not know, it is derived from the word ‘gratuitous’ that typically means ‘complimentary’. Every employer in India is bound to pay this employee benefit to his or her employees. It is given as a token of appreciation for an individual’s hard work, dedication, and time invested in an organization.

How Can One Calculate It?

Most of you may think that calculating gratuity is a complicated process; however, it is not true.

If known the trick, anyone and everyone can calculate it without any challenge. So, if you want to calculate your gratuity, you should know that the whole calculation depends on two major factors, which are-

Your total employment period
Your last drawn salary

Now, here is the Formulae- last drawn salary X no. of the employment period

If you do not have enough time to do the whole calculation manually, you can also rely on an online gratuity calculator.

Using a gratuity calculator, you can know your total gratuity amount in just a fraction of time. It is one of the easiest ways to calculate one’s gratuity.

Tax

According to the Income-tax Act, 1961, the gratuity amount is exempted from tax up to a specified limit.

Who is Eligible For It?

To get gratuity, there is only one condition that should be met by a person. He or she is supposed to complete 5 five years employment period in the firm.

Furthermore, you even request this amount even before completed 5 years but there are a few conditions for the same, which are mentioned below:

If the person dies
If the individual becomes disabled
In both the aforementioned cases, the payment can be made before the specified time period.

Also, every employer out there holds the right to forfeit this payment both entirely or partially. This can happen only if an employee was fired after any wrong or unprofessional actions or when he/she tried to physically harm another worker during his employment period.

Key Notes For Employers

The Payment of Gratuity Act applies to every company and business in India that has 10 or more headcounts. In India, it is considered one of the important forms of social security in which a part of the salary is acquired by an employee from his or her employer in return for their valuable services for the growth of the firm.

Employers should know that gratuity payment is a statutory requirement and failure to pay this amount to an employee is subjected to several serious punishments such as fines, and imprisonment of six months that can extend to two years. So, it is the responsibility of employers to know the importance of this payment.

That is it, these are some vital information about gratuity everyone should be clear about.

Now, HR professionals may find it a time-consuming process to calculate each employee’s gratuity amount amid managing other HR operations. This is when HRMS software comes into play. Such systems are automated software tools that allow HRs to calculate gratuity in just a few clicks. The right software can handle gratuity and look after all necessitating needs of an employee’s settlements during his or her resignation. So, it is highly recommended to every company leave behind manual methods and consider an HRMS login as soon as possible. Now that we have helped you to understand gratuity, gratuity calculator, and even suggested a digital solution for your business, help your employees and educate them as well.

These car loans have been introduced in the whole market to enhance the possibilities of all the people purchasing their own new car. Most of the time a new car is seen as very luxurious or a symbol of social status, but for all the individuals, this could be a very basic need more than very much more luxurious.

All the borrowers who are looking to buy a new car with the help of the car loan have to fall under the eligibility criteria set by the particular institution as well as provide the lender with some of the essential documents. But whenever applying for a car loan one should select the car model that he or she might want to purchase as the bank will always provide the credit based on this price. Then the car has to be insured as well as hypothecated for future security. After these total procedures are over, then all the lenders, as well as the borrowers, decide the tenure of the total repayment and EMI procedures. Further one has to keep on paying the installments along with the rate of interest until the debt is over.

Further, we are going to take a look at the most important aspects that should focus on whenever applying for a car loan. A car loan is accepted in both cases where the manufacturer may be national or international. Though the total prices of the models might vary between all the Indian brands as well as the international brands, the car loans can be sanctioned on any approved car model, although the total funding is under the bank’s discretion.

The rate of interest offered under the scheme of a new car loan often varies between a very good range. Then again the interest rate is decided after the specific model as well as brand is decided and also depends on one’s loan total tenure, credibility profile, creditworthiness, and other things. Whenever repayment of the total credit the facility of the EMI installation is provided, where all the borrowers have to deposit their monthly EMI amount within the due date. This total EMI amount varies from one of the borrowers to another based on their car loan tenure, loan amount, and rate of interest. Whichever, there are options to pay in a ransom, in that way one of them reduces the rate of interest to be paid.

The total repayment tenure offered by car loan interest rate schemes is quite flexible and this also very good ranges between periods of one to seven years. One has to repay the car loan that had been credited to all the individuals within this tenure. Failing to do so might have serious consequences as all the lenders can trace you with the help of all the certified documents.

Under this facility, all the borrowers are allowed to pay the car loan as a ransom. This method of repayment might be preferred by all the people who want to abstain from paying high-interest rates. Bandhan Bank car loan interest rate. Once the loan is paid in a wholesome down payment, this cuts down a portion of the interests charged and thereby saves some of the amounts on the borrower’s part. Except for the total principal amount and the added rate of interest rates, some other minimal charges are to be paid whenever availing of the car loan. Some of the charges may also include processing fees, pre-closure of account, stamp duty charges, and more things.

Conclusion

These were some of the most important criteria which should be remembered whenever availing of a car loan. Also, one must not forget all the procedures of the repayment as this can affect an individual’s credit score. Whichever, constant delay of the total EMI deposits can even have serious consequences in some of the cases. Thus one should look into the best options of total repayment and select a very suitable tenure. Also, while in the confusion regarding the policies of the institution, also consult someone or very simply ask for guidance.

Did you know one of the rites of passage that every American goes through is buying a car? Having an automobile in your name is much more than a buying decision. Emotions and feelings are attached to your first vehicle. Additionally, an automobile has the potential to make or break your future financial stability. So, you must take every step with caution and due diligence.

Car Buying Tips: Do not become one of these Buyers

If you are unable to make timely payments or you end up in an upside-down car loan situation, it will affect your credit report. To make sure you do not fall down the rabbit hole of a bad credit score and crushing debt, you must make prudent decisions. Do not be like any of the following car buyers and avoid a terrible auto loan:

1. The Show Off

You may be excited about buying a car. An expensive automobile is a big step up the social ladder. However, you should not be the Show-Off car buyer because they end up with terrible auto loans. Focus on buying a car that is within your means. Choosing a car beyond your budget puts you at risk of repossession. There is nothing good about repossession because it will stay on your credit report for years.

Having the blemish of repossession or bankruptcy on your credit score will put you at a disadvantage. It will prevent you from getting lower interest rates for a long time. So, do not be a Show-Off. Learn what kind of car you require. Find out who all be driving your vehicle, and then shortlist a few models that match your budget. Be the Prudent Guy!

2. The Payments Guy

When you are only worried about the monthly payments on an auto loan, you stop looking at the big picture. The Payments Guy is only concerned about the lowest monthly payment amount. But a small payment amount does not translate to better savings.

Lenders often attract customers by offering smaller monthly payments over extended loan terms. It means the car buyers end up paying more money in the form of interest rates. Additionally, you also run the risk of an upside-down car loan situation. For example, the total loan amount after deducting the down payment is $20,000. You opt for a loan term of 60-months with an interest rate of 8%. The monthly payment amount will come to $405.53, and you will pay an interest amount of $4,331.67%. Now, if you request the lender for a lower amount of $350, your loan term will extend to 72-months, and you will have to pay a total interest of $5247.87.

Do not focus only on the monthly payment. Instead, discuss the loan term and APR as well. Find out if there is any pre-payment penalty involved or not.

3. The Lone Warrior

The Lone Warrior is a car buyer who sets out to buy a car on his/her own. The car buying process is a complex one. It can be overwhelming, especially when you are making it on your own. Emotions can come in the way of making prudent decisions. It always best to bring a friend when shopping for a car. It helps to have a third set of eyes so that he/she can be objective in your process and ensure that you make the right financial decision.

Often, the Lone Warrior believes in taking care of the financing process of their own. However, it is a fact that having a co-signer helps in getting quick auto loan approval and better interest rates. So, convince your colleague, friend, or family to become a co-signer for your auto loan and enjoy faster pre-approval.

4. The No-Savings Buyer

The auto financing industry is built on the truth that car buyers do not have sufficient money to fund the vehicle. However, it is a wrong move to opt to buy a car with zero savings. Even if you do not have money to make a down payment of 20%, it is wise to save up money for car-related emergencies such as fuel-change, repairs, and maintenance. It will ensure that you do not seek out exorbitant personal loans to take care of your car.

When you decide to buy a new car, consider the amount of monthly payment that is comfortable for you. Set aside the payment amount of at least three months so that you can make regular payments even if your income source is affected due to any reason. When you do not have money for a down payment, you can always apply for zero down payment auto loans, but when you do not have savings to fall back on in times of emergencies, it will affect your credit score terribly.

Say No Terrible Auto Loans and Bad Credit Score

As discussed earlier, your car buying decision has the potential to build your credit score. If you make cautious and practical choices, you will enjoy the best interest rates for years to come. But, if you choose the emotional option, it may affect your financial situation severely. Say no terrible auto loans and avoid the troubles of a bad credit score by becoming a prudent car buyer.

The SMSF is an abbreviation of ‘Self-managed Super Funds’. SMSF home loan is a type of loan that is used to buy investment property. The returns on investment- whether that’s rental income or capital gains, are funneled back into the super fund which in turn, increases the retirement savings of the borrower.

Who can borrow the SMSF loan?
The SMSF loans are used to buy both residential or commercial property. The Australian Taxation Office (ATO) controls this type of loan and allows membership of up to four people where all members should be trustees. The SMSF member and trustees borrow this loan with an intent of making an investment that can help grow the members’ retirement savings.

What are the advantages of investing in SMSF loan?
The SMSF Home loans are considered a good home loan option as well as the best powerful way of saving for retirement. This is because it provides the borrowers with several useful advantages. Some of these advantages are listed below:

Increased flexibility among the members to acquire and sell properties.
Access to a variety of investment options
Helps in increasing savings and reducing tax payments
Drawbacks of SMSF Loans
While there are some important benefits of SMSF commercial property loan, there are also a few drawbacks of this loan, about which every member of the SMSF should be aware of. These drawbacks include:

No tax loss offsets: Under the SMSF loan scheme, any tax losses from the member’s commercial property can’t be offset against their personal income tax. The member must rent his/her property at the market rate. Simply put, this means that if the member owns the property and lease it to his own business, then he can’t apply any discounts to the rental price.

Strict rental conditions: It is mandatory to pay all rental fees on time, and in full.
Regular valuations: It is important for the borrowers to get their property independently valued on a regular basis.
Showing intent: When a member purchases a commercial property within his SMSF, he must be able to prove it’s solely for the purpose of providing him with a retirement benefit.
Renovations and repair funding: With SMSF, any significant changes which are required to be made into the member’s property, such as repairs or renovations, must be funded by cash directly available in the member’s SMSF. He/she can’t borrow money or take out a loan.
What are the terms and conditions related to SMSF Loans?
There are certain essential rules which the borrowers must follow while applying to SMSF home loans in Australia. These rules state that the property for which the loan is taken must:

meet the ‘sole purpose test’ of solely providing retirement benefits to fund members
not be acquired from any related party of a member
not be lived in by a fund member or any fund members’ related parties
not be rented by a fund member or any fund members’ related parties
What are the requirements of applying to SMSF loan?
Lenders and all other types of financial institutions offering SMSF home loans in Australia look for the following requirements in their borrowers while lending the loan:

Deposit: A deposit of at least 30% of the property value is expected to be made by the borrower
Rental income: The income expected from the property is factored into the borrower’s ability to make future repayments of the loan
Patterns of contribution: Lenders also analyze the pattern which shows how frequently and consistently the loan members make contributions to the fund, as these will also be relied on to meet repayment obligations.
Structure of the SMSF: The structure of borrower’s self-managed super fund must be compliant with Australian Taxation Office (ATO) and Australian Securities and Investments Commission (ASIC) rules.
Speak with a home loan broker
Applying to a SMSF home loan can be quite a tricky and lengthy process. That is why, it is best to take help from a home loan broker while applying to the SMSF loan.

Your Finance Adviser is a leading group of best home loan brokers in Australia. We are a finance advising company that works with a team of home loan experts including first time buyer mortgage brokers who specialize in providing a variety of home loan advice to a variety of customers located across all types of industries in Australia.

Shailendra Wadhwa, our passionate and committed home loan broker of the Kellyville Ridge , is ready to assist the customers in making the right financial decisions while applying to a home loan in Australia.

The Vitae utility token is supported with a high-tech blockchain. Vitae AG does not sell nor buy Vitae tokens, they can only be traded on independent exchanges.

Koinbazar – India’s most trusted cryptocurrency & bitcoin exchange platform with ultra-secure, professional, comfort and you can easily buy bitcoin, ethereum, and other cryptocurrencies. Trade VITAE to INR on koinbazar but before that, you have to complete the below-mentioned steps as follows.

How to register your account:

The below-mentioned steps are to complete your account registration process,

Step 1: Visit the Koinbazar website.

Step 2: Select signup and enroll the details required.

Step 3: Once you complete, click “Create Account”. An activation mail will send it to your registered Email-ID.

Step 4: Open it and click the activation link. And your account is successfully created.

Steps to complete the KYC verification process:

The below-mentioned steps are to complete your KYC verification process,

Step 1: Sign in to your account and select Account —> Profile

Step 2: Under the KYC section you need to complete the following prospects.

i. Choose your required ID proof.

ii. Upload your frontside and backside ID Proof.

iii. Take a selfie of your face for KYC identification.

Step 3: Click Save. And your KYC verification process will be completed shortly.

After the procedures get complete, you can legally deposit your funds by connecting your bank details or from the external wallets to your koinbazar wallet. So, start buy and sell Vitae/INR safely with us and enjoy a hassle-free trading experience.

Places to Find Boxes For Moving

Are you looking to locate boxes for moving? There are all types of expenses associated with moving from one home to another, but one of the ones you can definitely save some money on (for more important things) has to be the moving boxes you use to put all your belongings in.

There are plenty of places you can get boxes for moving for completely FREE, and we want to go over some of those locations so you can get your hands on them, so you’re prepared for the big move!

Maximum Real Estate Exposure has a comprehensive list of both free and paid moving box resources but let’s take a look at some of them here.

Craigslist

Craigslist is one of the best places to get yourself some free stuff, beyond just getting boxes for your move.

We have found that the best way to get moving boxes, though, is at the start of a new week, as there will be plenty of people looking to get rid of the boxes they just used for their own move the week before.

Some of the other places on this list will need you to ask in-person to see if they have any boxes for moving, but with Craiglist, you can just keep checking up on your phone now and again.

This will allow you to go round town asking for boxes while checking on the craigslist site in between!

Liquor Stores

Stores, especially liquor stores, have an endless supply of boxes that are only ever going to get thrown into the recycling bins, thanks to the large number of shipments they receive daily.

This is a great opportunity for you to swoop in and grab some free boxes, giving them a new lease of life!

We’re not advising you to go round the back of the store and go through their bins, though.

Just ask at the front desk, and we’re sure that management will be more than happy to give you free moving boxes to help with your upcoming move.

Other Local Businesses

Stores in your are area are some of the best places to find boxes for moving. Quite often you can find them for free.

Below are some of the best choices in your hunt for moving boxes.

These companies get regular deliveries to restock their shelves and often have more boxes than they know what to do with. Inquire with the manager, to see if they will let you take some boxes.

Here are some of the more popular places where you might find moving boxes.

Best Buy
Dollar Store
Petsmart
Sam’s Club
Costco
Starbucks
Walgreens
Right-Aid
Target
Office Depot
Walmart

Just like the liquor stores in your area, your local Walmart is the holy grail of finding boxes as they take in many, many shipments per day.

They’re going to be left with heaps of boxes that they just have no use for.

Walmart will throw them away anyway, so you might as well get your hands on them if you can.

REMEMBER: IF YOU DON’T ASK, YOU DON’T GET IT!

So don’t be afraid of looking heap’ when asking someone who works there if they’ve got any boxes you can take away for your home move. Another thing to keep in mind is that Walmart also sells boxes that are specifically for moving.

So if you strike out talking to a manager about taking away some of their shipping boxes, you can just head down to the moving box isle and pluck some there.

Dollar stores

With constant shipments of cheap and inexpensive goods coming through their doors every day, there are plenty of boxes just sat around in the back rooms of dollar stores that are ready for the taking.

Just turn up and ask someone if they’ve got any free, and we’re sure they’ll be more than happy to give you free moving boxes.

You probably won’t even be able to carry them all yourself, so bring a friend too!

Facebook Community groups

There are plenty of great community groups on Facebook, where a bunch of people from your area will have gotten together for one reason or another.

Whether that’s from a mutual interest in a particular topic or because they want to swap and sell their unwanted goods to each other.

These groups are also a great opportunity for anyone looking for help too.

So why not check out some of the local groups near you and ask if anyone has any spare boxes for moving that they currently have no use for. Facebook is good for many things, and you can add them to your list when trying to find your moving boxes.

Your friends

One of the many places people forget when they’re thinking about where to get moving boxes from definitely has to be their friends.

We are quick to think about our local stores’ possibilities of having free boxes for us to take, but we always forget that our friends might have some too.

And they’re going to be more than willing to part ways with them since they are your friends after all.

So, don’t be afraid to pick up the phone and give your favorite person a call to see if they’ve got any moving boxes for you to take. Who knows, maybe they’ll even offer to help you move home too!

Final Thoughts on Where to Find Moving Boxes

Other than changing your mailing address there aren’t many more tasks more critical than finding boxes to execute your move. After all, it is hard to get your move underway without having found your moving boxes. This should be a task that is put right at the top of your moving to-do list. Hopefully, you can use some of these ideas and find the boxes you need!

PNB Housing Finance NSE 2.25 % reported a 15 percent dip in net profit on lower business volume and deterioration in asset quality while the company is still in limbo about raising growth capital.

Net profit for the mortgage lender stood at Rs 312 crore in the September quarter against Rs 367 crore in the year-ago period. Pre provision operating Profit remained stable at Rs 575 crore compared to Rs 578 crore over the same period.

The company’s net interest margin stood at 3.5 percent as compared to 3.2 percent a year back.

Its loan disbursements nearly halved at Rs 2,444 crore in the second quarter compared with Rs 4,969 crore in the year-ago period. Its asset under management (AUM) shrunk to Rs 81,221 crore from Rs 89,471 crore.

The company said its loan disbursements during the quarter witnessed gradual pick up, primarily in the retail segment, and has reached 86 percent of pre-Covid-19 levels. Retail loans contribute 82 percent of the AUM.

Its gross NPA stood at 2.59 percent of loan assets while net NPA stood at 1.46 percent against 0.65 percent a year back.

The board of PNB Housing Finance has already approved to raise Rs 1800 crore through rights issue or preferential issue to augment its capital base. The decision will be subject to requisite approvals including those from shareholders through a general body meeting or postal ballots, the company said in the exchange filing. Its shares had climbed over 10% as investors anticipated the fundraise. Its promoter Punjab National Bank NSE 0.56 % is awaiting the regulator’s approval to pump in up to Rs 600 crore in the company, which has been looking to mobilize capital for over three quarters now.

ACE Digital Platform

“Demand for Housing Loan to improve,” said Hardayal Prasad, MD, CEO of the company. PNB Housing Finance is set to launch the housing finance industry’s first digital platform for loans offering. With the launch of its ACE digital platform, the company intends to leverage the technology to offer a convenient and contactless loan process for its customers.

The new digital platform automates the end-to-end loan process, including data collection and verification as well as lead generation and management through various digital channels.

Using this new platform, the customers can upload documents online leading to a backward integration of the verification process such as PAN, Aadhaar, digital signatures, and video-based KYC and geo-tagging. The information is then integrated into the company’s underwriting platform for further processing of the loan application.

For FY21, the company has set a target of 9-10% of new loans through its ACE digital platform as the pandemic will also motivate prospective customers to use this new digital channel for the loans they need. NSE india limited Shares

Each person must learn to value and appreciate them and stay prepared in life for any obstacle. Without compromising their needs, finance has helped most citizens solve and tackle the most profound problems.

When settling overseas for jobs or even going there for a holiday, it is better to be financially prepared. Emergencies come without warning, be it in India or any country in the world. Therefore, while they are away from their parents living in India, many Indian migrants choose an NRI account to help them meet their costs. They try to save money in foreign currency, but, upon conversion, it switches to the local currency of the recipient country.

To open the NRE accounts, individuals and applicants are required to meet eligibility requirements which are different for each bank and financial institution. Without these, the applicant cannot request the account.

Following are the conditions for opening this account:

The individual should have a job, own a corporation, or practise some trade in a foreign country.
The applicant should work for at least 182 days with the Indian Navy, an oil rig, a registered foreign airline, or an overseas shipping firm, specifying that he or she is outside India’s domestic territory.
The goal of many students is to seek education in foreign countries. They are also given a chance to gain from this account.
Following are the benefits of opening this account

One of the key benefits of the NRE accounts for individuals is that, through the Portfolio Investment Scheme (PIS) or NRI Portfolio Investment, they can participate in the stock market trading and various investment schemes funded by financial institutions.
Individuals with NRE accounts can enjoy tax-free interest income on their deposits under the Income Tax Act 1961.
Without significant risks associated with stock market volatility, NRIs investing their funds in any fixed deposit account may get substantial NRE savings account interest rates on total deposits.
Individuals may deposit their earnings from a foreign nation into an FCNR without conversion to INR. NRIs may use it to prevent fluctuations in the exchange rate that reduce the value of the deposit.
List of documents required:

Passport photocopy
Valid Visa
Overseas address proof, preferably three months old