MICR Code & IFSC Code Must On Bank Passbook & Account Statement: RBI

The Reserve Bank Of India (RBI) has made it compulsory for all the banks to print the MICR code & IFSC code on the bank passbook and account statement of the customers. As of now customers can find both these codes printed on the cheque leafs of the banks. But now RBI has directed banks to make this information available …

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Contra Mutual Funds : Should Individual Investors Invest In Contra Funds?

Contra is a short form of contrarian, in finance contrarian investors are those who works against the prevailing market trends. In other words, it is a strategy where investor buys shares of stock when most others are selling and sells when others are buying. This is a risky investment strategy which contrarian investors take in the hope of making huge …

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How To Open Online PPF Account With ICICI Bank?

Today when I login to my ICICI bank account, I saw a tab blinking on the left hand side ‘PPF Account Online’. This is new service offered by ICICI bank, where account holders can apply to open online PPF Account (Public Provident Fund account) with ICICI bank. If you do not have a PPF account as yet and want to apply for …

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Efiling ITR Compulsory For Individuals /HUFs With Income Above Rs.10 Lakhs

Income tax department of India has made it compulsory/ mandatory for both individuals and Hindu Undivided Family (HUF) with annual income of over Rs 10 lakhs to file their income tax returns online for the financial year 2011-12. As per the latest notification by income tax department, all individuals and HUFs with annual income above Rs 10 lakh have to file their …

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Confused Whether To Invest In Stocks Or Bank FD For Long Term? – Compare Historical Returns To Choose The Best

Frequency of introduction of new investment plans and investors is taking financial market to a new level. Due to a large number of investment products with different specifications, choosing one which can give health returns to the investor is becoming a challenge. To face this challenge now investors have started taking help from financial advisors. Financial experts or advisors are …

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Gold ETFs : More Then 100% Growth In The First Two Months Of 2012

Since the times of our great grand parents, gold has been counted as the best investment alternate to keep money safe. Now when global economy is going from a phase of up and downs, Indian economy is not untouched from its impact which lead people follow the foot steps of there ancestors by investing there funds into gold. The latest …

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"Zecco" An Easy Way To Trade On The Go

If you are an investor who keeps on checking stock exchange so that if you find any thing interesting or you see an opportunity by which you can make profit or so, or you might be interested on the working of stock exchange, you always need to be on your computer or you might use laptop or tablets if you …

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What Are Participatory Notes? – Use of Participatory Notes In Indian Equity Markets

Investment made by foreign investor in Indian market can be classified as – Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII). By both FDI and FII, foreign investors can invest their money into Indian market. Although investment made by foreign investors infuses foreign money into Indian market which helps in the growth of industries and capital market but this …

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RuPay Debit Card : Indian Substitute Of Visa & MasterCard

National Payment Corporation of India (NCPI), has launched India’s first payment gateway RuPay on March 26, 2012. RuPay is the name of the domestic card scheme launched in competition with global payment processing firms Visa, MasterCard and other multinational brands. RBI did an analysis of the card transactions happened in India and concluded that most of the card transaction done …

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What Are Equity-Linked Debentures?

Looking at the ups and downs in the equity market in recent past, investors have started looking for financial products which can offer them security of principal with reasonable returns. Equity-linked debentures (ELDs) are one of this kind of investment where investor get protection of capital invested with equity based returns. In simple words, ELDs offers guaranteed return of principal …

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Budget 2012 : Deduction Of Rs 20,000 On Tax Saving Infrastructure Bonds u/s 80CCF Not Available For FY 2012-13

Budget 2012, is quite disappointing as the overall impact of this budget is not favorable to the pockets of tax payers. Changes announced in the budget speech regarding, “tax saving limit under section 80C”, “increase in tax slab” and “deduction under section 80CCF for tax saving infrastructure bonds” was not as expected. Change In Tax Saving Limit :- Deduction of …

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