Think before using other banks ATM now.

Before April 1, 2009, if you had to use the ATM of any bank with whom you don't have any banking relationship, you ended up paying fees. It meant you had to find the closest ATM belonging to your bank to withdraw cash and make balance inquiries. So RBI introduced a directive to the banks to allow free use of ATM machines irrespective of which bank a customer had accounts with.

This meant that irrespective of which bank you bank with, you could use any other bank's ATM free of cost.

However, now The Reserve Bank of India has decided to put a cap of Rs 10,000 per withdrawal in such (third party) transactions. Also, the number of such transactions will be limited to five times a month from 1st october 2009.

The Indian Banks Association (IBA), proposes to levy a transaction fee of Rs.20 per transaction for using another bank's ATM, Beyond five transactions.

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whether life insurance products are good investments.?

whether life insurance products are good investments.?

Life insurance is a necessity and not an investment. There is no substitute for life cover, none whatsoever. It is the only means of providing security to your near and dear ones against your untimely death or to yourself against your old age Read More

For Mumbai to Virar call: 9823403494

The errors that investors are prone to make.

The errors that investors are prone to make.

Having no measurable goals: Investors must know what they want and set realistic and quantifiable financial objectives before the adviser.

Confusing financial planning with tax planning: There's more to your portfolio than just tax-saving. A good planner will help you meet your life's goals without compromising on your lifestyle.

Expecting unrealistic returns: A financial planner is not a magician and can't guarantee high returns. If a planner promises sky-high returns, tread cautiously.

Investing, not planning: People confuse financial planning with investing. Remember, investment is only one of the components of a good financial plan.

Believing that financial plans are for the wealthy: Anyone with long-term financial goals should ideally use the help a financial planner.

Using a one-time financial plan: You have to keep an eye on your plan and ensure that your planner updates it and reviews it periodically.

A very informative article published in sify “How to choose the right adviser “ Read complete article.

Your savings bank account can earn you more interest now

Your savings bank account can earn you more interest now.

At present, the interest (3.5 per cent per annum) is calculated on the minimum balance held in the account from the 10th of each month to the last day of that month. So, if a bank customer has Rs 5000 /-in his savings account one day and then Rs. 50/- another day, the minimum balance taken for calculation of interest in the period would be Rs 50.

From April 1, 2010, the interest paid on the savings account will be on the daily minimum balance. In other words, even the Rs 5000/-balance in the savings account will earn the customer interest, even if it is withdrawn later.

As per the new directive issued by RBI, only commercial banks will need to follow this new method of interest payment on savings accounts. Commercial banks include all banks other than co-operative ones.

Work with reputed Institution as a free lancer

  Working as a financial consultant is a good opportunity for college students, housewives, Retired or for those who want to work and earn as a free lancer.

Now a days Insurance companies pay very high commission and you can earn more than 25000/- per month just by working 5 hours in a week.

A person who is interested in becoming a financial consultant can get started by working for a Insurance companies without any investment.There is no start-up capital. Be your own boss; with a flexible working environment, unlimited earning potential and the opportunity to be part of a world class team. The advantage is all yours!

Qualification Required :

• Minimum qualification of a pass in 12th standard or equivalent examination conducted by any recognized Board/Institution.
• Housewives, Retired people can also do this job.
• It is compulsory to Qualify Insurance Regulatory & Development Authority’s Exam for working as a Finance consultant.

Insurance companies provide you with unmatched training on Their products to hone your selling skills along with periodic advanced programs for continuous up gradation of your knowledge & sales capabilities.

If you are interested, then please send your updated CV to smma59@gmail.com or call 9823403494.

Investment in Volatile market

In a volatile stock market, where prices change rapidly Invest in market through.

Systematic Investment Plan (SIP) is the most powerful way to benefit from the market volatility.

• Balanced funds are also great for dealing with the market volatility as they give the investors exposure to both equities 65%and debt 35% .

Invest in ULIP when market go down because Ulips provide life insurance by investing a part of the premium paid by buyers in stocks, with the policy value depending on the value of their underlying assets. Prefer capital guarantee product.

by Evasai professional. Cont: 9823403494 for Investments and wealth management.