Nomination Or Will – What You Need To Claim Ownership?

Whenever we go to the bank for opening a bank account, banks always ask you to enter the details of the nominee. Same happens in lot other cases like buying an insurance policy etc. But do we actually understand the meaning of a nominee, all we understand is in case of death of the original owner, nominee (if any) of …

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DDA Housing Scheme 2012-13 : A Way To Get Your Own House In Delhi NCR

Delhi Development Authority (DDA) has plans to launch a new housing scheme in 2012. As per the sources there are going to be 15,574 multistory residential flats in the upcoming DDA housing scheme which will include HIG (High Income Grade), MIG (Medium Income Grade), LIG (Low Income Grade) and Janta flats to cater the need of all type of buyers. The upcoming …

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Learn How Your ULIP Policy Works In Real Time

Unit linked insurance plan (ULIP), is a plan which gives you two facilities in one single policy i.e insurance plus investment. Although this type of investment or insurance is not suggested by any of the experts. But many of us get into this type of investment/ insurance schemes to save tax, as it offers tax benefits under section 80C. So …

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Income Tax (IT) Implications On Gift Received In India

Gift is something we all like to get from our loved once but are we aware about the tax implications on the same. Under Income Tax Act 1961, there are many rules on receiving gift  based on the nature of the gift and from whom the person has received the gift. As per income tax act, gift received in the …

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How To Download EPF Passbook Online?

Employee Provident Fund Organization (EPFO) has set up an online portal to generate e-passbook i.e online passbook of the EPF account for all its members who contribute under EPF every month. Till now there is no direct way to check the account balance of EPF account, now this initiative by EPF department will help all its active members to get …

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How To Transfer/ Gift Shares?

Today investing under shares is a common practice, but when it comes to transferring of shares, most of the people get stuck as the procedure for the same is not known to them. Before understanding the procedure to transfer of shares lets first understand the reasons due to which one transfers his shares. Majorly there are two reasons for transfer …

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How To Withdraw Employee Provident Fund (EPF) Directly/ Without Employer Signatures?

Employee Provident Fund (EPF), is a retirement saving scheme which is managed by the Employee Provident Fund Organisation (EPFO) in India. As per the scheme, private companies deducts a fraction of there employees salary every month i.e around 12% of there basic salary and invest the same with EPFO with an equivalent contribution. In other words, employer deducts a part …

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When To Withdraw Money From Employee Provident Fund (EPF) Account?

Employee Provident fund (EPF) is a fund contributed by employee out of his/ her CTC every month and contribution by the employer. Whenever we switch our job from one employer to another what we usually do is either we transfer the EPF fund by submitting the details of our existing EPF account to new employer or we open a new …

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Gilt Funds – Whether To Invest Or Not?

When retail investors think of investing there money into stocks or bonds, the very first thing that they would like to ensure is the security of funds. So to cater the needs of retail investor, mutual fund houses come up with a fund which offers security of funds with good returns i.e Gilt Fund. Gilt Funds are securities issued by …

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Family Saving Account – Group Your Family Members Savings Account

How many members of your family have at least one saving bank account? The answer will be ‘All the members’ in most of the cases. Looking at the current trend of maintaining saving accounts by all the members of the family, now banks have introduced “Group/ Family Saving Account Scheme”. Under this Scheme, bank allows its customers of the same …

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How To Remove Hypothecation From RC After Paying Vehicle Loan?

Nowadays getting a bike or car is like a fashion, everyone wants one for him and getting these vehicle’s become more easy as bank can provide loan to you and then you can get a vehicle for yourself. But if you get a vehicle on loan then you will find that on RC aka Registration Certificate Owner’s name will be …

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Now Lodge Your Complaint Against Listed Companies Or Brokers With NSE

Do you invest or trade in stock market? If yes then you might have come across a situation where you were either not satisfied with the services of the exchange or the companies listed on the exchange and wanted to file a complaint against. Earlier there were no such platform where you can file your complaint against the exchange or …

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Withdrawal Of Employee Provident Fund (EPF) Easier For International Workers

As we know contribution under Employee Provident Fund (EPF) is almost compulsory for all the legally employed employees in India. But this was not a mandate for the foreigners who come to India for some project work. Indian provident fund scheme then introduced a new category with the name ‘International Worker’ in October 2008 which now demands foreigners working in …

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Want Your Own Flats In Delhi-NCR? Apply Now For The Ghaziabad Development Authority (GDA) Madhuban-Bapudham Mini MIG Housing Scheme

Ghaziabad Development Authority (GDA) has launched another housing scheme at Madhuban Bapudham. The name of the new housing scheme is Madhuban-Bapudham Mini MIG Housing Scheme. Under this scheme GDA has offered 144 flats of 60.44 sq.mt. at Manan Dham on Meerut Road. The scheme has been launched on October 20, 2012 and will be open till November 30, 2012. This …

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