Fixed deposit tips for indians

February 24th, 2011 by admin No comments »

Financial investment is very important to secure your future. Almost every bank offers the facility of fixed deposit but you should know that its amount of interest is fixed.You can get higher interest on fixed deposit in many ways.

  • If you have an FD in any bank then you shouldn’t break it before its proper time period to get higher rate.
  • You can add your surplus funds in your FD to get higher rate of interest.
  • You should choose correct and best financial institution for better fixed deposit rate.
  • If the investor deposit finance for long time then the financial institution offers higher rates. Sometimes several banks provide various facilities of higher interest for senior citizens as well employees. So always be alert about these facilities and would taken the benefit.
  • You can also reduce your tax in many ways. If you separate your deposit in various banks then you can reduce your taxes. RBI bonds are tax saving bonds that provides the facility to investor to save on tax.  ICICI and IBI also provide the benefit of tax saving.

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Monthly income plans in India

February 24th, 2011 by admin No comments »

Monthly income plans act as an investment vehicle which provides a specified monthly payment to the investor. This monthly payment is intended to be a stable form of income and is therefore typically suited for retired persons or senior citizens without other substantial sources of monthly income. Monthly income plans are very popular in India. Sometimes it is useful for us and sometimes it is not.Because these are not guaranteed. You should always have knowledge about all insurance companies. You should compare it well and compare it to get maximum.You should choose the best monthly pension plan. Life Insurance needs you for growing money.

Monthly income plans  needs you for investing in your retirement, in education,marriage for high returns and the most important security.You have many options to choose your monthly income plans like for monthly,quartely,half yearly and annualy etc.Monthly income plans is a good option discuss the investor’s acknowledgement to debt instruments. These will help in regular and stable returns to the investors. But you should keep some things in your mind.Monthly income is not guaranteed. Sometimes you have to invest some primarily debt even a gold. Sometimes these returns can be negative.  Monthly income plans are also applicable for long term and short term. Your own decision is most important before starting any monthly income plan.

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Financial planning for kids

February 24th, 2011 by admin No comments »

All the parents are worry about their kids future. Parents always ready to sacrifice for their kids. It is very important to make a financial planning because the prices of products and services increasing day by day. The parents should make a financial planning in such a way that if sometimes the budget is tight and income is limited then the parents will have not face any heavy burden and the children should easily choose their carrier.You can start your financial planning even after the birth of your child. You can invest your money in PPF account. In India PPF protects your money through guarantee. It is better if you should have to opened a account for your kid and every month you should transferred some surplus amount to this account.

You should try to make a habbit to teach your kids about money saving. If your child is a girl then this investment helps you in her ring ceremony and marriage.Financial investment makes your kids future peaceful and comfortable. It also gives you a less burden.

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How to invest after retirement

February 21st, 2011 by admin No comments »

After retirement you organize a great party to your friends,relatives and it is a  great day for you and your family. If a person has active and strong buisness before retirement then it is difficult for him to live the same lifestyle.But if you take off heavy loss in your buisness and lost all the money then that time you need your invested money.

Today there are many retired people burdened with debts. So you should invest your money and get provident fund dues. If you don’t want to be dependent on someone else after you retire then it is very important at present time to invest your money as more as you make possible. Also employment increased day by day.You can live the same life style as you are currently used with the right planning. If you have big dreams like tasting wines,go into exotic places then retirement plans make your dreams possible.If you want that your family would not be dependent in your absense then you should make financial plans.

  • There are many pension and retirement plans that you can. In the Senior Citizen Scheme you can invest up to 15 lakhs in this scheme.
  • If the person has completed the age of 60 years then he can open a senior citizen account with the post office and state bank of india. In post office monthly income plan you can invest upto 4.50 lakh per and 9lakh at 8% p.a.There is not any particular age and there is no income tax.
  • There are many pension plans. You should choose one of the best.Pension plan offers many tax benefits.You should enjoy these tax benefits. You should make a habbit to reading about saving money and get knowledge about new policies and plans.

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Sbi credit card status check

January 15th, 2011 by admin 1 comment »

If you have applied for an SBI crdit card and want to know the status of your application thjen there are so many ways to check the application status for the Sbi Credit card. Generally it takes one month to complete the whole process. The easiest way to check the application status is go on the sbi website link.

http://www.sbicard.com/creditcards/faces/pages/CreditCardTrackApplication.jsp

You can Email at feedback.gesbi@ge.com with your details to get the status of process of your credit card.

You can call the toll free numbers 1860 180 1290 or 1800 180 1290 from your BSNL/MTNL phone or dial 39020202 (prefix your city code if dialing from mobile).

Tracking your card through courier

If your application has been processed then immediately you will get an SMS with a reference number. Just visit the respective couriers’ website and enter your reference number to track the status of your card.

Last One :

You can write at below mentioned address :

Address : SBI Card & Payment Services Ltd, P.O. Bag No.28, GPO, New Delhi – 110001

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