Central KYC Registry or CKYCR will now replace the existing multiple KYC submission process while opening savings bank accounts, buying life insurance or investing in mutual fund products into one time centralized process.The Government of India has authorized the Central Registry of … [Read more...]
Archives for July 2016
How to transfer NSC from one person to another?
Recently one of my blog readers asked me regarding transfer NSC from one person to another possible or not. Initially, I too of the opinion that it is not possible. However, he dig deep and provided me information that it is very much possible.Let us see the procedure and how we can transfer … [Read more...]
Guidance Value of Bangalore – How it affects property price?
Do you know what is Guidance Value of Property? Recently Government of Karnataka revised the Guidance Value of Bangalore and whole Karnataka effective from 1st April, 2016. Let us see the meaning of Guidance Value and how it affects the property buyers. What is the meaning of Guidance … [Read more...]
NSC and KVP in e-mode and Passbook mode from 1st July 2016
Holding NSC and KVP in physical mode is the biggest concern for all of us. To avoid such difficulties, the Government launched NSC and KVP in e-mode and Passbook mode effective from 1st July, 2016. Let us see the features.We all fond of investing in NSC and KVP of post office schemes. … [Read more...]
Flat, land and Property Stamps and Registration charges in Bangalore and India
Do you know the cost of Flat, land and Property Stamps and Registration charges when you buy a property? Many forget the additional expense which buyer has to bear. Let us discuss this cost in detail.When you buy any property, then you must register in your name to claim the ownership of … [Read more...]
Deduction under Section 80C – A complete list
Section 80C is one of the great tax saving tools for all of us. In my last post, I explained all options available for tax saving. But in this post, I will concentrate only on the deduction under Section 80C. History of Section 80C Section 80C replaced the old Sec.88 and came into effect from 1st … [Read more...]
Why we buy 1 Crore Term Life Insurance ?
I receive many questions about buying the term insurance and how to choose them. However, the interesting thing what I noticed is, all targeting 1 Crore Term Life Insurance. What is the rationale behind opting this default amount?Why this magic figure of Rs.1 Crore? Let us try to understand the … [Read more...]
5 tips to choose the right lender for yourself
How to choose the right lender for us? Nowadays we all know how lenders are so eager to give us loan. They all claim that they are ready to serve you. But in reality it is different. Hence, let us undrstand of how to chose the right lender for yourself.Gone are the days when banking used to be … [Read more...]