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December 15, 2009

Investment options for senior citizens

Filed under: Economy — Tags: capital appreciation, different financial institutions, different kinds, dividends, drawback, earnings, effective yield, insurance products, interest rate, investment option, investment options, investment products, mutual fund, mutual funds, period of time, post office, retirement, senior citizens, suitable investment, tax deducted at source — admin @ 5:59 pm

Have you listen the new ideas about the major investment options for senior citizens? The search for higher returns is now becoming a fairly common one. Life expenses are rising significantly and life styles are improving day by day. There for senior citizens have to face so many troubles related to their savings. Thus to live in better mode after retirement, it is necessary to choose the best investment option.

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Choosing the right investment option is absolutely a tough task. Retirement specifies the beginning of a new phase in an individual’s life. It is a transition from a lifetime of work to a time when one can relax, spend time with the family and pursue other interests. Without a regular income, they have to spend their earnings before retirement for all his needs.

So, they need to find suitable investment plans to overcome these risks. Now many financial products offers high return packages. They provide a regular flow of income. Some of the important investment options are listed below.

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December 10, 2009

Mobile Banking How and What

Filed under: Economy — Tags: account balances, banking sector, banking services, bill payments, card customers, checking account, credit debit, customer relations, drawback, financial transaction, finger tips, main source, mobile banking, money transfer, new revolution, new technology, new trend, security constraints, short message, sms banking — admin @ 6:07 am

Mobile Banking

Now life styles are extremely fast as compared with the past. As the technology grows day by day, new revolution in each industry emerges and shining. We are going through the evolution of such kind of a digital world. That is everything that needs more time to handle will be available to operate with in seconds by the help of new technology. Mobile banking(M-banking or SMS banking) is such a new trend technology, it means a financial transaction conducted by logging on to the bank’s website using cell phone for checking account balances, money transfer, bill payments etc. Result will be sent back to the customer by a short message. Thus Cell phone (GPRS/WAP enabled) is the main source for this concept.

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September 5, 2009

Small Investors Cheated By Stock Brokers

Filed under: News and Views — Tags: according to the rules, arbitration committee, asset value, broking firm, broking houses, bull run, bye laws, civil suit, drawback, grants, important point, investors, lawyer, measures, power of attorney, six months, small investor, stock exchange, unauthorized use, value clients — admin @ 2:07 pm

steal 300x233 Small Investors Cheated By Stock Brokers
There are many complaints from the side of the investors that many brokers have taken their money to keep the accounts of high asset value clients accounts stable during the market falls. Many of the small investors have been trading pretty well in the bull run that had before January. So small investors where keeping a small margin in their accounts to meet with the future requirement.

Many small investors were in this situation and when they found out that the money was missing with them in their accounts they took complaints to the broker who assured them that they would get back their money and this was postponed to more than 6 months, the small investor who was quite unaware of the measures that would have taken at a situation like this were in a fix. According to the rules of the stock exchange the investor can only go for a complaint to the arbitration committee of the stock exchange in a period of six months from which the incident occurred. The case like this after six months has become “time barred” according to the bye laws. In such a situation like that the only option for the investor would be to file a civil suit which would go long for years.

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June 2, 2009

How to plan your tax and where to invest wisely

Filed under: Economy — Tags: collateral security, debt products, drawback, elss, equity funds, fd, insurance policies, insurance policy, insurance products, intrust, national savings, nsc, pension plans, ppf, public provident fund, savings scheme, stocks market, sum of money, tax insurance, traditional insurance — admin @ 11:31 am

photocms How to plan your tax and where to invest wisely

It is the time to make plans for your tax savings. This year the equity market is in better shape than last year so the returns from equity linked savings scheme(ELSS) will be better than last year. If you are not a kind of person who is not exposed to so much of risk do not worry there are other options too. If you are serious with your tax saving plans then we can discuss some of the ways to save it.

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