What is Cash Reserve Ratio (CRR)

Save Your Bank Account from Phishing Attack

Questions and Answers on Pension by Banks

Scheme for Payment of Pension to Government Pensioners by Authorised Banks

The Reserve Bank of India (the Reserve Bank) oversees disbursement of pension by its agency banks in respect of all Central Government Departments and some State Governments. In the process, it receives queries/complaints from pensioners in regard to fixation, calculation and payment of pension including revision of pension/Dearness Relief, transfer of pension account from one bank branch to another, etc. The Reserve Bank has analysed the queries/complaints, and put them in the form of answers to Frequently Asked Questions here. It is hoped that these will cover most of the queries/ doubts in the minds of pensioners.

1. Can the pensioner draw his/ her pension through a bank branch?

How to Transfer the Money on line from State Bank of India (SBI) Bank ?

IFSC

Indian Financial System Code (IFSC)

E Will : EasyWill: Simplest Way to Make your will on line

It is a common problem as to who should be given the custody of the Will so that someone may take the required action to handle and distribute the estate to the beneficiaries. There are several cases where Will is found in lockers and a great deal of time is lost in even locating the Will upon the demise of the person. Professional Executor can keep the custody of the Will and take the desired actions at the right time.

NSDL has started creating the E will for those who desire to have it in digital mode.

Click for E will creation :

Read Guidelines for Will creation 

What is a Will?

Real Estate Investment Success Principles

Assess your Financial health

Make sure you're financially fit before investing in rental properties. Pay particular attention to your monthly budget and make sure that you have adequate insurance coverage. Most successful real estate investors build their real estate investment portfolio through saving money and then gradually buying properties over the years.

Focus on Small Residential Houses

Double your Investment by Kisan Vikas Patra

Kisan vikas patra:-

Financial schemes that double an investment in a reasonable period of time have always attracted people. These schemes can be targeted to situations when money becomes scarce to fulfill needs of a person’s life. Kisan vikas patra is one such scheme from Indian post office that doubles one time investment in a period of 96 months. If a person purchases kisan vikas patra for Rs.5,000 he/she will be getting back Rs.10,000 by the end of 8 years and 4 months.

Download form of Application for Purchase of KVP 

Download Kisan Vikas Patra Rules 2014

How kisan vikas patra works:-

Great way to Control Your Expenses by Envelop Budgeting

Pradhan Mantri Jan-Dhan Yojana

Q. 1. What is Pradhan Mantri Jan-Dhan Yojana?

Ans. Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.

Black Money : Meaning and Process

                                                                             Defining 'Black Money'

  

 There is no uniform definition of black money in the literature or economic theory. In fact, several terms with similar connotations have been in vogue, including 'unaccounted income', 'black income', 'dirty money', 'black wealth', 'underground wealth', 'black economy', 'parallel economy', 'shadow economy', and 'underground' or 'unofficial' economy. All these terms usually refer to any income on which the taxes imposed by government or public authorities have not been paid. Such wealth may consist of income generated from legitimate activities or activities which are illegitimate per se, like smuggling, illicit trade in banned substances, counterfeit currency, arms trafficking, terrorism, and corruption. 'black money' can be defined as assets or resources that have neither been reported to the public authorities at the time of their generation nor disclosed at any point of time during their possession.

5 Reasons Why Most Don't Become Wealthy

Power of Componding: Investment Basics

How do I build credit from scratch?

Easy Ways to Save on Everyday Expenses

Conventional Education Vs. Financial Literacy

Most Famous Books to Increase Financial Education:

1. Rich Dad Poor Dad

How PPF Interest is Calculated ?

Know About RTGS System

 

How To identify Fake Indian Currency Note

Security Features of Rs 1000 

Security Features of Rs 500

Check Investor Wise Unclaimed and Unpaid Amount

Check Investor Wise Unclaimed and Unpaid Amount

http://www.iepf.gov.in/

1. What is the procedure to file details of unclaimed and unpaid amount? Form 5 INV is required to be filed by the company/Corresponding New Bank which shall contain investor wise details of unclaimed and unpaid amounts in respect of dividends, debentures, deposits, etc. The details of unclaimed and unpaid amounts shall need to be provided as on the Annual General Meeting (AGM) date. This form is to be filed annually within 90 days from the date of AGM. The form can be downloaded from the IEPF portal of the Ministry (http://www.iepf.gov.in/)

Investor Grievance Redressal

http://www.investorhelpline.in  is a free of charge dedicated online portal to handle investor grievances administered by different authorities i.e. Ministry of Corporate Affairs, Securities and Exchange Board of India (SEBI) and Reserve Bank of India (RBI) in a focused and sustained manner. Right from filing of grievances to tracking status and interaction with administrator has been made online to make it user-friendly. The objective is to impart thrust to investor grievances and make the companies respond promptly. Additionally, the portal aims at development of an informed and enlightened investor.

Information About Entities Before Investing

www.watchoutinvestors.com is a national web-based registry covering entities including companies, intermediaries and individuals who

All about Debit Cards, Credit Cards & Prepaid Cards

Q. No. 1: How many types of cards are available to a customer?

Ans: Cards can be classified on the basis of their issuance, usage and payment by the card holder. There are three types of cards (a) debit cards (b) credit cards and (c) prepaid cards.

Q. No. 2: Who issues these cards?

How can you buy property for Rs 2 lakh? REITs to help investors

If you have Rs 2 lakh to invest, your bank may roll out a red carpet, your stock broker may inundate you with hot tips and the friendly neighbourhood jeweller may even offer a discount on making charges. However, you will probably get laughed out of the estate agent's office. Not anymore. With Sebi issuing final guidelines for real estate investment trusts (REITs), you will soon be able to get a piece of the action in the property market with as little as Rs 2 lakh.

Four keys to retire rich

You work all your life in hope of a comfortable retirement. However, unless planned carefully, retirement can be all your nightmares coming true-your salary, the regular stream of income would dried up while expenses, such as health care and living, would have only shot up. Here are four simple keys to ensure your golden years are spent comfortably. 

1.Know how much to save: More than 24% of the 2,578 respondents to an online survey conducted by  last year said they were saving less than 5% of their income for retirement. Another 25% are putting away 5-10% of their income for their sunset years. It is unlikely this will be enough to sustain their current lifestyles when they stop working. 

25 Ways to Make Money on the Internet

1. Start a website or a blog and earn revenue through advertising networks like Google AdSense and BuySellAds. You can even sell your own ads directly through Google DFP.
2. Launch a curated email newsletter using MailChimp and find sponsors or use a subscription model where people pay a fee to receive your newsletter.  HackerNewletter, Now I Know and Launch.co are good examples.

Five money mistakes that will take you down

Have you ever been frustrated with your financial situation? Or envied your colleague who despite earning as much as you seems relatively better off? Maybe you have explained such feelings off by thinking that you don’t earn enough. The reality, however, may be that you aren’t managing your money well. Here are five oft repeated money mistakes that you will regret. Worse, these mistakes will set you back by many years.