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May 20, 2010

PAN – Permanent Account Number

Filed under: Economy — Tags: april 1, banks, cash flow, central government, domestic payments, double taxation avoidance, immovable property, income tax act, lower taxes, maximum limit, mutual funds, pan number, payee, provisions, repercussions, tax authorities, tds — admin @ 5:56 am

Is your total income exceeding the maximum limit not chargeable to income tax? Then it is time that you get yourself a Permanent Account Number or PAN! Even if your answer is a no to the above question you will still require a PAN number if you are someone coming under the class or group as specified by the central government!

So the next time you file your income tax you are legally obliged to quote your PAN number on all papers including the tax payment challans. Moreover, you should quote your PAN if you:

Buy or sell an immovable property; or
Have deposits in banks that exceeds the allowable limits; or
Buy mutual funds more than the specified limits.

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August 29, 2009

Taking a loan with your credit card

Filed under: Economy — Tags: banks, credit card facility, credit card loan, credit cards, due date, emi, extra money, interest rate, loan credit, playstation, playstation 3, pros and cons, secured loan, sums, unsecured loan — admin @ 11:26 am

Taking a loan on your credit card

Getting cash on your credit card is a very expensive affair. When you borrowing cash on your card; you may get an offer from the bank to opt for the EMI (Equated Monthly Installment) facility to make the payment. Loan from your credit card facility does not come cheap and the interest on the EMI is excessive. The interest rate may vary from 30-45% Better that you make the payment before the due date in one go and give the EMI facility a miss.

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August 28, 2009

Credit cards How Useful are they ?

Filed under: Economy — Tags: auto debit, banks, best credit card offer, card holder, cardholder, convenience, credit card offer, credit cards, fear, financial crisis, free periods, interest rate, interest rates, lifetime, minimum payment, negative factors, plastic cards, pleasure, rebates, rewards — admin @ 11:14 am

Credit cards How Useful are they ?

credit card main Full 300x268 Credit cards How Useful are they ?

Credit card is a way of payment using plastic cards. The issuer or bank lend money to the card holder on the basis of different interest rate. It is a convenience. One important thing is to use it thoughtfully. The credit card industry has seen many changes due to the financial crisis. Nowadays banks are altering credit limits, doing away with interest free periods and charging higher interest rates on the credit borrowed.

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July 28, 2009

ICICI Banks “New Terms” Get Hold Of Credit Card Defaulters At Salary Source

Filed under: News and Views — Tags: banks, card holder, card member, credit card payment, credit card payments, credit card terms, extent, icici bank, member dues, objections, quantum, salary source, salary wages — admin @ 2:34 pm

card351 300x189 ICICI Banks New Terms Get Hold Of Credit Card Defaulters At Salary Source

ICICI bank is going forward with a tool to empower them which allows to collect defaulters credit card payments from the employer. Its a situation were the employees would not be able to get a hold nor object with the deduction of the default payment dues at source. The move which is now made by ICICI would be backed by the rest of the banks. This is stated with the new clause stated in the terms and conditions. There is no law which bars a bank from such a move, the move is expect to effect only the people who make defaults with their credit card payment.

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June 16, 2009

Any ATM Any Card- You can have it free

Filed under: News and Views — Tags: atm card, atm machine, atm usage, axis bank, bank atm, bank switch, banks, card holder, core banking, core system, rs 50, sbi bank, sbi card — admin @ 1:10 pm

atm machine 300x198 Any ATM Any Card You can have it free
Starting from April, All transactions from ATM’s of different Banks were made free. In simple sense you can make your ATM card to work with any bank’s ATM machine which is free of change now. Before the bank changed Rs 20- Rs 50 per transaction depending on the bank. Most of the banks were not prepared for this move, and many banks were not ready with the technical side.
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June 10, 2009

Recurring Deposit or Jeevan Saral ? Which is the best?

Filed under: News and Views — Tags: additions, assurance plan, banks, benefit, bonus, insurance, insurance policies, jeevan saral, launch, life insurance corporation, life insurance corporation of india, loyalty, maturity, money, msa, post offices, premiums, reccuring deposit, risk, saral, surrender — admin @ 3:55 pm

You all might have heard and has an idea of what is meant by recurring deposits schemes, acquiring small amounts of money and investing it for long term and to reap better returns at maturity. The usual players in the field were banks and post offices, now there is a new entry to this sector… any guess? Its the LIC or the Life Insurance Corporation of India. The LIC has started a special plan called “Jeevan Saral” which is famous now, Its launch was a couple of years back.

Jeevan Saral can be termed as a simple assurance plan where the policy holder choose the amount and also the mode of the premium payment. It also gives the policy holder protection from death which is of 250 times of the monthly premium, that he pays. With the age of the policy holder the terms also changes. The benefit at death includes the total risk cover plus the loyalty bonus if any. There is also promise by the LIC about the returns of premium which excludes the first year premiums and extra rider premiums.

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June 7, 2009

Personal Loan Is it good?

Filed under: Economy — Tags: advantages and disadvantages, banks, car loan, credit card loan, economic slump, emi, housing loan, loan credit, need a personal loan, personal loans, real estate, rescission, sleep, sleep in peace, unsecured loan, volatile markets — admin @ 5:11 am

The economic rescission has made people think twice before opting for a Loan, before the economic slump down there would only be a few families in the city that does not have any loan. Car loan, credit card loan, housing loan, personal loan, etc. Personal loans seems to be the attraction without any security normally the intrust rate would be higher, to get a loan was not an hard option for many of us. The situation has changed completely with the commence of the economic slow down, the banks have completely stop lending personal loans or they have stopped or limited it to their own customers. I would personally do not suggest that you should take out any loans since once started they are difficult to stop like smoking and one full life will not be enough to clear all the loans and sleep in peace.

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May 21, 2009

US Dollar – Is it falling? Future of the US Dollar

Filed under: Economy — Tags: american economy, australian dollar, banks, commodities, commodity prices, currency program, declines, dollar, economic growth, economic strength, euro pound, federal reserve, financial sector, foreign investors, indian rupee, international business, intrest rate, investor, national debt, reserve currency, rupee, safe bet, smart investors, swiss franc, whe — admin @ 10:17 am

r ni3t6064elrju314j3tb US Dollar Is it falling? Future of the US Dollar

US Dollar has been known as the world’s reserve currency. The widely acceptance of the Dollar has made it more spread out with many governments, banks, foreign investors .They have helped to achieve dollar as the world’s dominant currency. In adding to the strength was the economic strength showed by the American economy.As with the case of any tools in the financial sector we would know that there will be boom and weakness, Dollar is the highly required currency for International business. The period by which the dollar now faces would be that of decline. This would not mean to create a panic with it, the dollar would provide more trading opportunities for smart investors.

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May 18, 2009

History By SENSEX

Filed under: Stocks — Tags: amp, banks, benchmark index, bse, budget, cr, declines, gainers, hdfc, interference, larsen, left parties, national stock exchange, office history, regional parties, sensex, single day, stable government, stock market, Stocks — admin @ 1:17 pm

Backed by the authority of a stable government the stock market benchmark index kissed upper circuit two times in a single day.

BSE was locked at 14272.62 with at 2099.21 points. with 17.24% rise. Nifty locked at 4308.05 with 636.40 points @ 17.33%. but the turn over was less than Rs 1000 cr inclusive of Cash and F&O.Sensex had opened 10.73 per cent or 1305.97 points higher at 13479.39 points to 12011.10. National Stock Exchange’s Nifty was locked at 4203.30, higher by 14.48 per cent or 531.65 points.

The standalone government was the muscle of today’s show with no other interference from the left parties and other regional parties, for the day to day functioning. BHEL (32.72%), Larsen & Toubro (29.53%), DLF (25.82%), ICICI Bank (25.30%) and HDFC (23.46%) were the top Sensex gainers.833 stocks were positive on the BSE with 11 declines. The new govt is likely to get its first office by Friday and the budget will be out within 45 days, of resuming office.

Have your say about this wonderful day? Did you book your profits? Waiting ?

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May 15, 2009

Tips in buying Gold and What is Gold ETF

Filed under: News and Views — Tags: accurate determination, bank gold, banks, bureau of indian standards, credibility, deprecation, dollar, doubts, eye glass, gold coins, gold etf, gold ETF tips, hallmark, market time, mutual funds, naked eye, pledge, purity, redemption, resale value, share, stock exchange, stock market volatility, time investors, what is bis, what is hallmarked jewellery — admin @ 5:28 am

Planning to buy gold, then there are a few things that you should have your eyes focused on. First is the knowledge of the prices and the making charge which differ from city to city and also with the design to design. If you have noticed the advertisements then you can see that they would say that its BIS certified, hallmarked jewellery. BIS (Bureau of Indian Standards) which is a national body that assures the quality of the product you buy. You will be interested to know the what is meant by this “Hallmarked Jewellery” Hallmarking is the accurate determination and the official recording of the proportionate content of gold in the jewellery. Hallmark marks the guarantee of the gold’s purity.

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