How to Open a PPF account at SBI Bank

Check out a article by Manish Chauhan on what are steps which are required for opening a PPF account.

Manish has explained in a nice any in a very easy manner.

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Manish Chauhan is the chief blogger and Founder of Jagoinvestor.com . He has authored hundreds of articles and have answered over 20,000 queries in last 3 yrs. He is the front face of jagoinvestor and has been actively involved in understanding Indian investor psychology and thier needs when it comes to Personal Finance.

Things to Complete before you become NRI

Are you leaving India in next few months or planning to move abroad sometime in future? Then you should be clear with a few points you should complete before you become an NRI. A lot of NRI readers come up with various issues they face, because they never thought about completing few tasks which could have saved them from lots of worries and paperwork. Lets look at 10 things which a person should complete before he/she becomes a NRI (Non resident Indian)

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Steps for writing the RTI application against Bank

Check out an article by Manish Chauhan on how to write a RTI application against the bank

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Manish Chauhan is the chief blogger and Founder of Jagoinvestor.com . He has authored hundreds of articles and have answered over 20,000 queries in last 3 yrs. He is the front face of jagoinvestor and has been actively involved in understanding Indian investor psychology and thier needs when it comes to Personal Finance.

 

Can equity rally when copper is refusing to confirm it..

Rallies in the equity markets have been led or supported by the copper market since the low of March 2009. But that has not been the case in the latest rally which began in September 2011. Based on what we know of the copper and equity market linkage, the current rally in stocks looks suspicious.

Check out an article by George Albert on Firstpost

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Things to check before subscribing to an IPO

Check an article by Anand Vijaykumar on "Things to check before subscribing to an IPO"

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Some Last Words by Anand Vijaykumar: As with any stock market investment, the chances of Losses are very real. As this is the first time the stock of this company is going to get listed, the chances of losses are even higher. More importantly, NO technique of Stock Analysis is fool proof. This is just layman’s way of analyzing an Issue. A lot more analysis is done by Brokerage Houses and Investment Advisors before advising their clients as to whether they must invest in or avoid the IPO. As I always say, believing blindly in advisors recommendation is a bad idea. So, if you read a report suggesting you either invest or avoid an issue, you can spend some time, do the calculations yourselves and corroborate the decision...

Is a Rs. 10 mutual fund better than a Rs. 100 fund..

A number of people think that the unit price of a mutual fund matters when they purchase; i.e. that a cheaper unit price is better. Why? They say that they will get more units for the same money, and isn't that better?

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Pay off mortgage or Invest

Whether to repay off a home loan or invest the money in a retirement fund is a question which is impossible to answer without knowing the full facts. Check P.V Subramanyam article.

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P.V. Subramanyam is a financial domain trainer

The author also runs a blog - www.subramoney.com

KISS Strategy in Financial Products: Keep It Simple Stupid

‘Keep it Simple Stupid’ phrase is mostly used in Management Books where it is taught that the more simpler the solution would be, the more effectiveness it will have. Management is nothing but techniques that should be used in day to day life. Even in case of Financial Matters this rule of Management applies.
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This article is written by Hemant Beniwal, CERTIFIED FINANCIAL PLANNER 

He is the author of the blog : http://www.tflguide.com/
 

Post Office Savings Schemes - Monthly Income Scheme (MIS) Account

Monthly Income Scheme (MIS) Account

• Safe & sure way to get a regular monthly income.
 
• Specially suited for retired employees/ Senior Citizens or any one with high sum for investment.
 
• Rate of interest 8.50%.
 
• Maturity Period - Five Years.
 
• No Bonus on Maturity w.e.f. 01.12.2011.
 
• Auto credit facility to SB Account.
 
MIS and Recurring Deposit Combination
 
Above scheme operates automatically, if you open a saving bank account and give a request for automatic transfer of Monthly Income Scheme interest to Recurring Deposit through Saving Bank account.
 
The above combination will give you approx around 10.25 % interest per annum.
 
The conclusion is quite obvious – you can invest the monthly interest you receive from MIS into the RD account, so that you earn even more interest!
 
Source: Indiapost.gov.in

Provident Fund (PF) account balance available online

Your PF account details including the latest account balance can now be checked online. Read on for more details.

Please go through the article given by Raag Vamdatt on his blog

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Raag Vamdatt is the author and owner of blog : http://www.raagvamdatt.com/

 

Wall Street

Wall Street is the financial district of New York City,named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. Over time, the term has become a metonym for the financial markets of the United States as a whole, or signifying New York-based financial interests.It is the home of the New York Stock Exchange, the world's largest stock exchange by market capitalization of its listed companies.Several other major exchanges have or had headquarters in the Wall Street area, including NASDAQ, the New York Mercantile Exchange, the New York Board of Trade, and the former American Stock Exchange. Anchored by Wall Street, New York City is one of the world's principal financial centers.

To view more details : Click Here

Why you should fill the Insurance Policy form yourself

 

 

Check out an article by Manish of Jagoinvestor.com as to why you should fill the Insurance Policy form yourself and not by the agent...

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10 investment mistakes to Avoid

There are ten common mistakes made repeatedly by investors. You can significantly boost your chances of investment success by becoming aware of these typical errors and take steps to avoid them.

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This article is written by Hemant Beniwal, CERTIFIED FINANCIAL PLANNER

He is the author of the blog : http://www.tflguide.com/

Introduction to Options (derivatives)

Check out an article by Manish of Jagoinvestor.com on his blog, it will answer the following questions regarding options

What is an Option?
Types of option: CALL and PUT
SOME OPTION TERMS
How does an OPTION look like?
What are the Profit and Losses you can make?
How does it works?
When do you buy Options?
Some other important points

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Children Education in coming years

Check out an article by Manish on Jaginvestor on why it is important to plan for child education .Also it tells us how child education planning is done in india and what are the problems.

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Financial Tips for those who are ABOUT to wed..

Nice and valuable suggesstions by Subra on his article "Financial Tips for ABOUT to weds…”

 

ELSS – Equity Exposure + Tax Savings = Deadly Combination in a Down Market

Any article by Shiv Kukeraja on why ELSS – Equity Exposure + Tax Savings = Deadly Combination in a Down Market..

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Post Office - Recurring Deposit Account

Any individual (a single adult or two adults jointly) can open an account.

Advance Deposits earn rebate.

Four defaults are allowed.

Rate of interest 8.40%

Maturity value of a 5 Years RD account opened on or after 1.4.2012 with monthly deposit of INR.10/- shall be INR.746.51.

Defaults can be paid within two months.

Part withdrawal facility available.

Premature closure allowed after three years.

Pay Roll Savings Scheme is also available for employees of various Establishments.

Type of Account : Individual Account

 

Minimum Deposit : INR. 10/- and in multiples of INR. 5/- thereafter

 

Maximum Deposit : No Maximum Limit

 

Interest Calculator

 

Recurring Deposit Rules



Post Office - Public Provident Fund Account (PPF)

• Ideal investment option for both salaried as well as self employed classes.

• Non-Resident Indians (NRIs) are not eligible.

• Investment up to INR. 1,00,000 per annum qualifies for IT Rebate under section 80 C of IT Act.

• The rate of interest on the subscriptions made to the fund on or after 01.12.2011 and balances at credit of the subscriber in the existing PPF account shall bear interest at the rate of eight point eight per cent (8.80%) per annum.

• Loan facility available from 3rd financial year upto 5th financial year. The rate of interest charged on loan taken by the subscriber of a PPF account on or after 01.12.2011 shall be 2% p.a. However, the rate of interest of 1% p.a. shall continue to be charged on the loans already taken or taken up to 30.11.2011.

• Withdrawal permitted from 6th financial year.

• Free from court attachment.

• An individual cannot invest on behalf of HUF (Hindu Undivided Family) or Association of persons.

Public Provident Fund Acts

Public Provident Fund Rules

Best Mutual Funds to invest in 2013 in India

Check article on the best mutual funds to invest in 2013 in India. Investors must be waiting for 2013 to give much better returns than what the last few years have given so the below list of mutual funds will help in selecting the winners.

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This article is written by TheWealthWisher Financial Planners.
They publish there blog : http://www.thewealthwisher.com/

Investment in Bonds in India

In finance, a bond is an instrument of indebtedness of the bond issuer to the holders. It is a debt security, under which the issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay them interest (the coupon) and/or to repay the principal at a later date, termed the maturity.Interest is usually payable at fixed intervals (semiannual, annual, sometimes monthly). Very often the bond is negotiable

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Low interest is hurting in US

Check out an article on how low interest is hurting in US economy by P.V. Subamanyam

Read the article

 

P.V. Subramanyam is a financial domain trainer and can be contacted at :

The author also runs a blog - www.subramoney.com