Monday, December 15, 2014

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?

Tuesday, December 2, 2014

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.






What is a Will?

Friday, November 28, 2014

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

Tuesday, November 18, 2014

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.



How kisan vikas patra works:-

Wednesday, November 5, 2014

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.