Bank Account – What happens if Account holder dies?(Telugu)
What happens to the orphan bank account and who will get the amount in that account once the account holder dies? We all have Bank Accounts with Banks. We do financial Transactions in that account. But what happens to out money after our death? Any idea for you? I will give some inputs in this matter. Whenever there is a sudden demise in someone’s family, there is a panic attack. There is a mourning of losing loved ones and chaos in the family for a few days to weeks, but finally, life comes back to normal later. A few months later, family …
Mutual Funds – How to Invest with out Pan Card? (Telugu)
SEBI has decided to exempt the requirement of the permanent account number (PAN) for investing (both lump sum and SIP) up to Rs 50,000 per mutual fund company, per year. Now, instead of PAN, investors can submit their voter id card, passport or driving license for photo identification. The rule is applicable with immediate effect without KYC to Invest in mutual funds… Earlier Process? Earlier investors were allowed to invest up to a maximum of Rs 50,000 per year across all mutual fund companies and a PAN card was mandatory to comply with KYC. Read an article about calculating return in stocks, Mutual funds and …
XIRR- in mutual funds, stocks and real estate etc. How to calculate it?(Telugu)
What is XIRR in Mutual Funds? Real Estate, Stocks etc How to calculate it? Many of the Mutual Fund Investors might have come across the word XIRR. But for the majority of them, it is hard to digest what it is. Hence, let us simplify its calculation. What is CAGR ALL YOU NEED TO KNOW? There is a huge misconception in understanding the difference between CAGR and XIRR. Hence, first let us understand the meaning of CAGR. CAGR stands for “compounded annualized growth rate”. This means investor every investment are annualized to arrive at CAGR. It is basically point to point return. The formula used …
NPS Tax Free EEE exemption(2019)- Beneficial to you?
The union cabinet today has cleared five changes to the national pension scheme (NPS or CPS). The most important is that the NPS now has EEE status and the corpus that you can withdraw is tax-free. EEE means that the money you invest in the scheme (up to a limit) is an exempt income tax (1st Exemption) The growth of the money (profit) while you remain invested is exempt from income tax (2nd Exemption), and the corpus that we withdraw (subject to limits in NPS) is also exempt from income tax (3rd Exemption). Prior to this announcement is done, NPS …
EPF NOMINATION RULES EXPLAINED-How to check and change Nominee details online? (Telugu)
Most of us not Known the importance of “EMPLOYEE PROVIDENT FUND” Nomination. If you do not consider it seriously, then better to understand the EPF Nominee rules and benefits. Then check nomination details and if changes required, then better to do the changes when it is required the changes to be done in the EPF portal. Sub Heading EPF Nomination Rules Explained… What are the EPF Nominee rules? How Many time can we change the nominee? Let us discuss them in detail. Your all EPF accounts must have the nomination in place. This makes easy fund transfer in case of your …
UAN CARD for EPF- How to download online? (Telugu)
UAN card can be downloaded if you have UAN Number and password. by using EPF portal. The link for the login is You can read another article on how to check EPF balance online. https://paisahealth.in/epf-balance-how-to-check-online-telugu/. And also read the article how to withdraw EPF amount online by clicking this link.https://paisahealth.in/epf-with-drawal-how-to-with-draw-online-telugu/ After logged into your EPF portal in the home you will find the option called UAN CARD, you can simply click on it to download the UAN CARD. watch this video how to download UAN CARD. …
Shopping Malls Discount – Which discount is Good? Flat Discount? or Discount Coupons? (Telugu)
Recently I went to Main Road in my city for buying clothes. While looking at the discount offers available at different shops and Malls. I came to know there is a different kind of discounts given by the different cloth stores and Shopping Malls. I tried to analyze which discount offer is best for me. Here, I am not talking about the quality of the cloth or Variety of Cloth. Only I would like to analyze which Discount Offer best suits me. I found sellers are mainly offering two kinds of offers. …
MWP ACT IN LIFE INSURANCE-Benefits?
1) MWP Act DEATH CLAIM BENEFIT : Death Claim Benefit will be paid to wife and children(Life Insurance Nominee) if the life insurance policy was taken under MWP ACT. 2) MWP ACT NOMINEE? In this act endorsed policies wife and children will be nominees. 3) Lenders right over Death Benefit? Lenders can not claim the claim in the courts according to this act lenders cannot claim the amount received from this kind policies. Watch youtube video which I made about this ACT. Also, click this link to read How to do investment planning with the claim amount received by Nominee …
EMI of a Loan- How to Calculate it? ( Telugu)
1) EMI of a Loan- How to Calculate it? ( Telugu) For Calculating it for a loan, you need three parameters. 1. Loan amount required. 2. No. of months of the repayment period 3. The Interest rate on loans. If you know all the above parameters you can easily calculate the “EMI” of a loan. There is a simple way to calculate “equated monthly installment” of loans in Micro soft Excel. If you type =pmt( then in Excel formulae will open like this. By seeing the formulae above you can enter the values and then click the “Enter” button …
