Finance
Indian share market tips, tax planning and money transfer methods
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Transfer Money from India to USA
Why would you want to transfer money from India to USA at first place? There can be many reasons. For example, you are now settled in US and you have gained the green card as well. So, when you are settled there, you will need your savings and other sorts of funds to support your [...]
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Pros and Cons of Electronic Check Conversion
The only difference between normal paper cheques and electronic cheques is that e-cheque is an online and virtual version. Conversion here means transforming the paper cheque to an electronic one. The information given by you in paper cheque is used for extracting bank name, payer’s name, account number and other such information. Once this is [...]
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Obopay Mobile Payment System in India
Obopay is the system that acts as an intermediary or bridge between your mobile phone and your bank account at Yes Bank. So, when you get this system on your mobile, it will help you in making money transactions a lot easier and quicker. Obopay’s services hit India in 2008. Nokia Money, a money transfer service [...]
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How to Send Money Online with PayPal
Paypal is one of the most widely used methods of sending and receiving money online across the globe quite easily and securely. The system is very easy to understand and use. Simply confirm the email ID of beneficiary whom you would be sending money. Then log in to your account and click on option ‘send [...]
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Transfer Money From US to India with Indus Fast Remit
If you need a simple, safe, secure and fast method of sending funds to India, then you need Indus Fast Remit and enjoy such transfer services at the comfort of your own home. The facility is provided by IndusInd Bank and is absolutely paper-less. The system makes use of ACH or Automated Clearing House. So, [...]
Posted in Remit Through Banks | No Comments
Mobile Money Transfer – How It Works?
SMS or mobile money transfer allows a person to send funds to anyone else by making use of secure standard text messages. Of course, it is a matter of convenience and therefore, adds a lot of value. So, you can make payments anywhere you like. It is safe to say here that this system is [...]
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Should you Invest in Company FDs?
Everything has a good time and a bad time. Nothing stays forever of course. If you have been investing your money somewhere, chances are that initially it did not kick well and caused you lots of loss, however later it gave you a good return. But this is not always true. Sometimes, you gain in [...]
Posted in Fixed Deposits, Other Investments | No Comments
Difference Between PPF and EPF
Let us see EPF and PPF individually. EPF: this is Employee Provident Fund that is retirement benefit scheme and is offered to salaried employees. Here, a portion of salary is deducted (at present 12 percent) and is added to this fund. This deduction amount is as per government laws. Same amount is contributed by the [...]
Posted in Other Investments, PPF, Retirement Planning, Tax Saving Tips | 1 Comment
HDFC Prudence Our Top Pick in Balanced Mutual Fund
HDFC Prudence is Our Top Pick in Balanced Mutual Fund. It is very well diversified and also has exposure to debt and govt securities. Historic Returns: 1 year 27.8 % 2 year 57.4 % 3 year 12.8 % 5 [...]
Posted in Balanced Fund, Mutual Funds | No Comments
Should You Invest in Infrastructure Bonds to Save Tax?
So, now that the deduction of 20,000 INR is available under infrastructural bonds, more and more people would want to know about this and the bonds. Of course, according to our finance minister, it is a good thing. However, this does not hold for everyone. It can be compared to a medicine. Say all the ingredients [...]
Posted in Infrastructure Bonds, Tax Saving Tips | No Comments
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