Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

Tuesday 30 July 2013

How to deal with bank changes in your daily transactions?

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

Public sector banks usually go either by an average balance or an absolute figure

INCREASINGLY, there are various charges levied by banks for operating ordinary savings accounts.

Taken separately they may not be much. But together, they can add up to significant sums. Some of the ways to avoid bearing additional costs require an effort on the accountholder's part.

Cheque books:

There is also the issue of the number of cheques issued free to the account-holder. It is very likely that your bank has fixed a certain number of cheques that are allowed free every quarter.

But when you ask for subsequent ones there is a charge levied. There is a way in which these charges can be reduced and this is in the form of judicious use of cheques.

There are various systems like transfer of amounts through ECS or online transfers that can be set up and when these are used it will lead to a situation where the use of cheques goes down.

 

Minimum Balance:

There are two aspects to the minimum balance requirement. One is that a certain amount that must be kept in the account. This can be Rs 5,000 or Rs 10,000. The other is the manner in which the balance will be calculated. Public sector banks usually go either by an average balance or an absolute figure. Both have their own benefits and negatives. So the customer must check if the bank is following a clear policy on this. The other factor to look at is the time for the average balance. Often there is a change here from a quarterly requirement to a monthly requirement.


This can lead to mistakes when charges are levied on you.


Other charges:

There are other charges that can be incurred during day-today dealings. Each needs to be seen carefully. Looking closely at the conditions related to the account and the kind of charges that can be levied is one way of knowing where expenses can pile up how to actually avoid them. Some commonly levied charges are statement charges for a physical account statement, low balance charges, debit card charges and so on. There is no definite way of reducing these charges but efforts should be made to ensure that less rather than more is charged here.

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

No comments:

Post a Comment

Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

Popular Posts