Author Archive

Specified Bank Notes (SBN) and Stipulations for SBN Exchanges

Government of India, on 8 November 2016 announced withdrawal of legal tender status of Rs. 500 and Rs.1000 bank notes. The term Specified Bank Notes (SBN) is being used to refer the said currency notes.  The demonetisation
25 Nov 16 Author CategoryBanking Awareness No Comment Read More

Purchase of a property: How do we ascertain the clear title of the seller?

Property purchase, clear title, original title deed, prior deed, possession certificate, tax receipt, encumbrance certificate, visit, approved plan,
A house/flat in own name is the most cherished dream for majority of Indian families. Owning a house is a celebration. There are many laws that protect the rights of the purchaser of a property. Even then,
31 Jan 16 Author CategoryLegal Terms and Matters No Comment Read More

Stipulations To Be Satisfied For Housing Loans

Stipulation, housing loan, CIBIL Score, Interest Rate, Margin, Title, age, Repayment Capacity
Housing loan market is a highly competitive field. Each Bank/ Financial institution stipulate their rules based on the targeted group and also based on the past records of defaults. Normally conditions stipulated vary from Bank to Bank.
30 Jan 16 Author CategoryHousing Loan No Comment Read More