tag:blogger.com,1999:blog-70367217096979768732024-03-18T07:10:55.864-07:00SavingsFundaMy personal notes on Blogging, learning, making money online, Banking, NRI Loans, Insurance, Fixed deposits, Mutual Fund and Saving Practice, tips etcjavin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.comBlogger150125tag:blogger.com,1999:blog-7036721709697976873.post-19457327755994788042023-03-20T08:07:00.002-07:002023-03-20T08:07:59.722-07:00Can You Withdraw Money from PPF account before Maturity?<div dir="ltr" style="text-align: left;" trbidi="on">
<b><u>Can we withdraw money from the PPF account before maturity?</u></b><br>
One of the most common questions people ask before opening a PPF account is <i>"can we withdraw money from a PPF account before maturity?"</i>. One reason for this question is the long tenure of the PPF account (15 years). The short answer to this question is Yes, you can withdraw money from PPF before 15 years but you can only withdraw a maximum of 50% of the balance at the end of the fourth year, and that too only after completing 5 years. This means for the first 5 years you cannot withdraw any amount from PPF. <br>
</div><a href="http://savingsfunda.blogspot.com/2015/05/can-i-withdraw-money-from-ppf-account.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com2tag:blogger.com,1999:blog-7036721709697976873.post-55587659380811727002023-03-20T08:07:00.000-07:002023-03-20T08:07:01.831-07:00Is it best time to Send Money to India from USA?<div dir="ltr" style="text-align: left;" trbidi="on">In 2016, After Donald trump's victory and historic decision on Rupee demonetization in India, many of my friends working in living me asked the question whether <i>now is the best time to send money to India from the USA?</i> Well, it certainly looks so at that time. The USD/INR exchange rate was at an all-time high of 68.34 and very likely to go to 70, so it definitely sounds like the best time to send money from India to the USA but look at now? Where are we? Rupee is now close to 83, I mean USD INR rate is close to 83, which means <b>1 USD is equal to almost 83 INR</b> which is highest so far and that's why I think now is probably the best time to send USD to India. <span></span></div><a href="http://savingsfunda.blogspot.com/2016/12/best-time-to-send-money-to-India-from-USA.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com2tag:blogger.com,1999:blog-7036721709697976873.post-6914486988509096162023-03-20T08:06:00.000-07:002023-03-20T08:06:10.868-07:0010 Benefits of NRE Bank Account and Fixed Deposits<div dir="ltr" style="text-align: left;" trbidi="on">
If you are an <a href="http://savingsfunda.blogspot.com/2015/10/what-is-difference-between-nri-and-pio.html">NRI </a>(Non-Resident Indian) then you have access to a unique bank account called <a href="http://savingsfunda.blogspot.com/2015/07/can-nri-open-more-than-one-nre-nro-fcnr-account.html">NRE (Non-Resident External) account</a> which allows you to keep your money in Indian rupees. This account then further allows you one of the best, fixed deposit investment options known as NRE fixed deposit, which currently provides fixed and interest rate e.g. 8.75% from Deutsche bank, resulting in a cumulative yield of 10.3% for a <a href="http://savingsfunda.blogspot.com/2012/01/good-time-to-invest-in-nre-fixed.html">5 years NRE fixed deposit</a>. It's not just the Deutsche bank but other private and public sector banks like SBI, ICICI, HDFC, Kotak Mahindra, YES Bank they all provide very good returns on NRE fixed deposits.<br>
</div><a href="http://savingsfunda.blogspot.com/2016/04/10-advantages-and-benefits-of-nre-bank-account-and-fixed-deposits.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com6tag:blogger.com,1999:blog-7036721709697976873.post-83792090077281335512023-03-16T07:24:00.000-07:002023-03-16T07:24:06.334-07:005 Difference between ELSS vs PPF vs NSC vs Tax Saving Fixed Deposit<div dir="ltr" style="text-align: left;" trbidi="on">
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ELSS (Equity Linked Saving Scheme), PPF (Public Provident Fund), NSC (National Saving Certificate), and Tax-saving fixed deposits with banks are four of the <a href="http://savingsfunda.blogspot.com/2016/02/12-ways-to-save-income-tax-under-section-80C.html">most popular way to save tax under section 80C</a>, but which one is the best among these four? How do you choose whether to invest your 1.5 lakh rupees, the maximum amount allowed to invest under section 80C qualified for deduction from taxable income? In this article, I am going to share key <i>differences between ELSS vs. PPF vs. NSC, and Tax Saving Fixed deposits</i> with both private and public sector banks. Once you know the differences, you can make an informed decision where to put your money depending upon your goals and risk appetite.<span></span></div></div><a href="http://savingsfunda.blogspot.com/2016/02/difference-between-elss-vs-ppf-vs-nsc-vs-tax-saving-fixed-deposit.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com0tag:blogger.com,1999:blog-7036721709697976873.post-19681153527204495542023-03-16T07:23:00.000-07:002023-03-16T07:23:16.281-07:00Selling Properties in India? Rules Every NRI should Know<div dir="ltr" style="text-align: left;" trbidi="on">
NRIs are allowed to <a href="http://savingsfunda.blogspot.sg/2016/12/can-nri-buys-properties-eg-flat-or-residential-plot-in-India.html">buy</a> and sell properties in India, and they can also bring the profit post-sale of their property abroad, but there are a couple of things which you need to learn and remember. For example, you need to know that the sale proceeds amount can only be deposited into your <a href="http://savingsfunda.blogspot.sg/2016/12/is-nro-account-taxable-in-india-saving.html">NRO account</a> and not on your <a href="http://savingsfunda.blogspot.sg/2016/11/can-nri-deposit-old-rs-500-and-rs-1000-notes-in-NRE-NRO-Account.html">NRE account</a>. There are many similar points that every NRI should know and remember before selling their ancestral or self-bought properties in India. I have tried to list a couple of them in this article. If you have any suggestion or any other essential things which are not on this list, please suggest in comments.<br>
</div><a href="http://savingsfunda.blogspot.com/2017/01/selling-properties-in-india-what-nri.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com1tag:blogger.com,1999:blog-7036721709697976873.post-60973993004765337732023-03-16T07:22:00.000-07:002023-03-16T07:22:43.914-07:00Does an NRI need to file Income tax if no income in India?<div dir="ltr" style="text-align: left;" trbidi="on">
The short answer is <b>No</b>, you don't need to file income tax in India if you have no income, but, rarely, you don't have income. You might not have a salary income because you are employed overseas, but you could have income as interest generated by bank fixed deposit, rental income generates by your flats in India, a royalty paid to you by your book published and sold in India, the dividend paid on your stock market investment in India. <br>
</div><a href="http://savingsfunda.blogspot.com/2016/07/when-does-nris-need-to-file-income-tax-if-no-income-in-india.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com0tag:blogger.com,1999:blog-7036721709697976873.post-8264607982764242282023-03-15T06:52:00.000-07:002023-03-15T06:52:17.335-07:00Can NRIs Open NPS (National Pension Scheme) Account in India - Tax Saving Investment<div dir="ltr" style="text-align: left;" trbidi="on">
Yes, <b>NRI can now invest in NPS or National Pension Scheme in India</b>. Recently, on July 2015, PFRDA, the Pension Regulator has clarified that Non Resident Indians (NRIs) can invest in National Pension Scheme (NPS) to save for their retirement and get a social security cover. Earlier, there was some confusion whether NRIs are allowed to put money on NPS or not, but given that NRIs are allowed to invest in <a href="http://savingsfunda.blogspot.com/2010/01/tax-saving-scheme-elss.html" target="_blank">mutual fund</a> and <a href="http://savingsfunda.blogspot.com/2012/08/buying-online-term-insurance-plans.html" target="_blank">insurance</a>, RBI and PFRDA give clarification that NPS is also an eligible investment for NRIs. <br>
</div><a href="http://savingsfunda.blogspot.com/2018/07/can-nri-invest-in-nps-account-india.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com0tag:blogger.com,1999:blog-7036721709697976873.post-33188893220277135862023-03-15T06:51:00.000-07:002023-03-15T06:51:28.312-07:00Is Laptop, Tablets, and Mobile Phones allowed in Checked-In or Cabin baggage?<div dir="ltr" style="text-align: left;" trbidi="on">
Yes, Laptop, Mobile Phones, Smartphones or any other Personal Electronic device, also known as PEDs are allowed in both check-in luggage and in cabin luggage in most of the countries. Though, it's general practice to carry mobile phones, laptops, tablets or any other personal electronic device in <i>cabin luggage</i> due to security reasons. Since these devices have a battery which may spark the fire and if they are in check-in luggage it will not be handled properly and in the worst case, it may result in loss of Aircraft. Hence its advised to always carry electronic devices with the battery in cabin luggage.<br>
</div><a href="http://savingsfunda.blogspot.com/2017/10/is-laptop-tablets-allowed-checkedin-cabin-baggage.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com0tag:blogger.com,1999:blog-7036721709697976873.post-84867482693549103312023-03-15T06:50:00.000-07:002023-03-15T06:50:55.531-07:0010 Tips to Save Money and Reduce Expenditure to Boost Savings in Long Term<div dir="ltr" style="text-align: left;" trbidi="on">
Someone has wisely said that "one penny saved is one penny earned" while I also believe that one should not compromise on things that they love e.g. spending on family, holidays or smartphones, you can still save a lot of money by following these saving tips. People often say that inflation will eat your money, but there is a bigger threat to your money than inflation, it's unnecessary expenditure. Inflation will take years to erode your money value, but spending can take your money in seconds. Humans are very fickle by nature and given today aggressive advertising campaign then often end up buying stuff, they don't really need. Our focus is to minimize that expenditure to boost your savings.<br>
</div><a href="http://savingsfunda.blogspot.com/2014/01/10-tips-to-save-money-and-reduce.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com1tag:blogger.com,1999:blog-7036721709697976873.post-86699023296669144512023-03-15T06:47:00.000-07:002023-03-15T06:47:42.559-07:00Should you take personal loan/ balance transfer Overseas and Pay off a home loan in India?<div dir="ltr" style="text-align: left;" trbidi="on">
This is one of the most frequently asked questions among Singapore NRI community. I often receive queries from IT professionals working in the city-state who have home loans back in India and thinking to pay off in full or a portion of them by taking a personal loan or credit card balance transfer in Singapore. Well, the idea to take a loan to pay off another loan only make sense if you are getting a cheaper loan and paying off a higher interest loan. Since most of the home loans in India charges around 9.5 to 11% in INR and you can get personal loan on credit card also known as balance transfer in Singapore for as low as 2.5% for 6 month it make a lot of sense to take a personal loan in Singapore and pay off your home loan in India, though there are some risk which you need to consider. For examples, this only make sense if you have the visibility that you will be in Singapore for next 6 month or more.<br>
</div><a href="http://savingsfunda.blogspot.com/2017/05/should-you-take-personal-loan-balance-transfer-in-Singapore-to-pay-off-home-loan-in-India.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com0tag:blogger.com,1999:blog-7036721709697976873.post-66160584946414768532023-03-08T05:13:00.000-08:002023-03-08T05:13:14.427-08:00Is Aadhaar card Mandatory for NRI?<div dir="ltr" style="text-align: left;" trbidi="on">
Ever since the income tax department of India made it mandatory to linked PAN card to Aadhaar card and ask every taxpayer to quote Aadhaar card number into the income tax return, many NRIs become worried. The reason was simple, most of them don't have Aadhaar card, but now Aadhaar card seems mandatory even for applying for PAN card. As far I know, from 1st July 2017 you cannot apply for PAN card without Aadhaar and without PAN card you cannot do a transaction involving more than 50,000 INR. So does this mean <i>Aadhaar Card is mandatory for NRIs, PIOs, and OCI card holder?</i><br>
</div><a href="http://savingsfunda.blogspot.com/2017/07/is-aadhaar-card-mandatory-for-nri.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com1tag:blogger.com,1999:blog-7036721709697976873.post-37447229233791461502023-03-08T05:12:00.000-08:002023-03-08T05:12:22.998-08:00Best Family Floater Health Insurance Plan in India - LIC vs ICICI Lombard vs Bajaj Allianz Policies<div dir="ltr" style="text-align: left;" trbidi="on">
I was searching for good health insurance plans for my family recently when I come to know about these "family floater health insurance plans". I have not heard this term before, so I did a bit of research about family floater plans and the benefits of taking this type of medical insurance and was surprised to know that now you can cover almost all members of your family with just one health insurance plan. This is a big relief because you don't need to buy and maintain separate health insurance plans for different family members, in just one insurance policy you can cover yourself, spouse (wife or husband), children, parents (mom and dad), etc.<br>
</div><a href="http://savingsfunda.blogspot.com/2017/06/best-health-insurance-plans-for-family-LIC-vsICICI-SBI.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com2tag:blogger.com,1999:blog-7036721709697976873.post-7708134751213240742023-03-08T05:11:00.000-08:002023-03-08T05:11:02.751-08:00NRI's Guide to Banking, Income Tax, Aadhaar Card, and Investment in India - Rules, Regulations and Eligibility<div dir="ltr" style="text-align: left;" trbidi="on">
As an India citizen, it's important for an NRI to know it's rights and responsibilities, especially about finance, tax, banking, and investments. When I first moved abroad I have absolutely zero knowledge of any of these with respect to Non Resident Indian and I even thought that NRIs are those who are once a citizen of India but now they have citizenship of other countries, I was totally wrong. Slowly I learned a lot of things about <a href="http://savingsfunda.blogspot.com/2015/10/what-is-difference-between-nri-and-pio.html" target="_blank">who is NRI</a> and what changes when a resident Indian becomes an NRI and this post is a collection of those points.<br>
</div><a href="http://savingsfunda.blogspot.com/2018/04/nris-guide-of-banking-income-tax.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com1tag:blogger.com,1999:blog-7036721709697976873.post-71414918210870790682023-03-08T05:10:00.003-08:002023-03-08T05:10:57.055-08:00Difference between Public and Employee Provident Fund - PPF vs EPF<div dir="ltr" style="text-align: left;" trbidi="on">
People often mistook Public Provident Fund or PPF for Employee Provident Fund or EPF, though both are provident fund and backed by the government of India, they are independent of each other. The main difference between PPF and EPF is that former is totally controlled by you and only you can make a contribution on that account, on the other hand, EPF is for both you and employer to contribute money.<br>
</div><a href="http://savingsfunda.blogspot.com/2014/11/difference-between-public-provident.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com2tag:blogger.com,1999:blog-7036721709697976873.post-52818951224813181832023-02-11T02:05:00.000-08:002023-02-11T02:05:49.164-08:003 Best bank to open SGD/HKD NRI or FCNR Fixed Deposit? DBS vs ICICI<div dir="ltr" style="text-align: left;" trbidi="on">
If you are living and working in Singapore or Hong Kong and thinking to open FCNR (Foreign currency Non-resident) fixed deposits in Singapore and Hong Kong dollar i.e. SGD or HKD then, unfortunately, you don't have many choices as not all Indian banks provide facilities to open <a href="http://savingsfunda.blogspot.sg/2012/08/fcnr-fixed-or-term-deposits-NRI-investment.html" target="_blank">FCNR fixed deposit in SGD and HKD</a>. Most of the Indian banks supports 6 major foreign currency for FCNR deposits e.g. USD, GBP, EURO, JPY, AUD, and CHF. Even, the biggest bank of India, the SBI doesn't support SGD or HKD as foreign currency for FCNR deposits. then you should consider DBS bank's FCNR fixed deposit option.<br>
</div><a href="http://savingsfunda.blogspot.com/2017/09/best-bank-to-open-sgdhkd-fcnr-fixed.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com0tag:blogger.com,1999:blog-7036721709697976873.post-18863920545793547242023-02-11T02:01:00.000-08:002023-02-11T02:01:08.293-08:0010 Important Custom and Baggage Rules for NRIs - Indians Returning from Overseas<div dir="ltr" style="text-align: left;" trbidi="on">
India is getting prosperous and foreign trip are not a privilege only rich people had in the past. Nowadays, many middle and upper-middle-class Indians are traveling abroad for holidays, vacations, honeymoons, study and just for work to nearby countries e.g. Singapore, Malaysia, Dubai, Thailand etc. Apart from the hassles of getting Passport and VISA, one more thing which bothers many Indians is the <b>customs rules</b> and the worry about what they can carry back to India without paying customs duty while shopping overseas.<br>
</div><a href="http://savingsfunda.blogspot.com/2017/10/10-customs-rules-every-indian-returning-from-abroad-know.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com0tag:blogger.com,1999:blog-7036721709697976873.post-2319877930098107972023-02-11T01:56:00.000-08:002023-02-11T01:56:04.942-08:006 Reasons to invest in National Pension Scheme for Retirement Savings<div dir="ltr" style="text-align: left;" trbidi="on">
Retirement Planning is very important in the age of nuclear families and western culture. There was time when Indians never bothered about Retirement Planning or Insurance because they trust that their children particularly Son will take care of them both financially and emotionally, but with nuclear families its not possible anymore. Many elders are living alone nowadays and hence Retirement planning is essential for a relaxing and rewarding retired life.<br>
</div><a href="http://savingsfunda.blogspot.com/2017/12/6-reasons-to-invest-in-national-pension-systems-NRIs.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com0tag:blogger.com,1999:blog-7036721709697976873.post-63874797048196371562023-02-11T01:53:00.000-08:002023-02-11T01:53:49.984-08:00FCNR Deposit Interest Rates USD - ICICI vs SBI vs IDFC vs Kotak vs Axis Bank<div dir="ltr" style="text-align: left;" trbidi="on">Hello guys, FCNR term deposit is very hot at the moment. As I said in my last post it <a href="http://savingsfunda.blogspot.sg/2013/08/right-time-to-invest-in-fcnr-fixed-deposit-indian-banks-sbi-icici-kotak.html">Right time to invest in FCNR deposit</a>, it's the perfect time to get much better interest rates on foreign currency in India than abroad. If you consider USD interest rates, then Indian banks are offering up to <b><span style="font-family: "courier new" , "courier" , monospace;">5.53%</span></b> interest rates for <b>five years deposit</b>, this looks awesome. No wonder, many NRI are opening <a href="http://savingsfunda.blogspot.sg/2012/07/nre-or-nro-savings-account-which-one.html">NRE accounts</a> to hold FCNR term deposit. This increase in interest rates is mainly to save sliding rupee from further slowdown. In an effort to improve rupee's value, RBI allowed Indian bank to offer better FCNR rates and increased competition among them to lure<span></span></div><a href="http://savingsfunda.blogspot.com/2013/10/fcnr-deposit-interest-rates-usd-icici.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com5tag:blogger.com,1999:blog-7036721709697976873.post-36328106328330166182023-02-04T00:29:00.002-08:002023-02-04T00:32:07.581-08:0013 ways to Save Income Tax under Section 80C in India<div dir="ltr" style="text-align: left;" trbidi="on">
It's this time of the year when most of the salaried Indian think for tax saving investments. Most of the income taxpayers know about section 80C and the 1.5 lakh tax deductions it allows into your taxable income, but do you know what are some other investment options comes under section 80C? Some of you know that investment in <a href="http://savingsfunda.blogspot.com/2014/08/10-points-on-public-provident-fund-ppf.html">PPF</a> and <a href="http://savingsfunda.blogspot.com/2010/01/tax-saving-scheme-elss.html">ELSS</a> (Equity Linked Saving Scheme) comes under Section 80C, but what else? Is there any other tax saving options which you can leverage, or you might have invested in it but you are not claiming the tax benefit because you are unsure whether that is covered under section 80C or not. <br>
</div><a href="http://savingsfunda.blogspot.com/2016/02/12-ways-to-save-income-tax-under-section-80C.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com1tag:blogger.com,1999:blog-7036721709697976873.post-57967173140215261212023-02-04T00:25:00.000-08:002023-02-04T00:25:01.392-08:00How to Save More Tax by investing in National Pension System India<div dir="ltr" style="text-align: left;" trbidi="on">
Good News for all income taxpayers of India, including <a href="http://savingsfunda.blogspot.com/2018/07/what-is-difference-between-nri-and-pio.html" target="_blank">NRIs and PIOs</a> who pay income tax in India. Now, they can reduce additional 50 Thousand INR on taxable income by investing in the National Pension System (NPS) for the financial year 2015-2016. This may result in the tax saving of around 15 thousand INR, which is not a small amount. Add another 15K and you can have a foreign trip.
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</div><a href="http://savingsfunda.blogspot.com/2016/01/how-to-save-additional-tax-by-investing-in-National-Pension-System.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com1tag:blogger.com,1999:blog-7036721709697976873.post-22348654997652655922023-02-04T00:19:00.001-08:002023-02-04T00:19:27.715-08:00How to Open PPF Account Online on SBI and ICICI Bank in India<div dir="ltr" style="text-align: left;" trbidi="on">
<u><b>Online PPF Account with SBI and ICICI bank India</b></u><br>
Now you can open PPF or Public Provident Fund account <i>online </i>in India with ICICI bank and State Bank of India (SBI). This is a major step to increase popularity of PPF or Public Provident fund account among individual especially youngster who love convenient of net-banking from office or home. All major financial and saving product like fixed deposit or FD, <a href="http://savingsfunda.blogspot.sg/2012/07/recurring-deposit-for-nri-hdbc-sbi-bank.html"> recurring deposit or RD</a> and <a href="http://savingsfunda.blogspot.sg/2010/01/tax-saving-scheme-elss.html">mutual funds</a> are already available online, which means hard to choose PPF account over these personal saving instruments. Now since PPF account is also available online you can get all benefits of PPF account with the convenience of net-banking in India.<br>
</div><a href="http://savingsfunda.blogspot.com/2012/09/how-to-open-ppf-account-online-sbi-and-icici-bank.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com8tag:blogger.com,1999:blog-7036721709697976873.post-84574925979709020032023-02-01T05:16:00.000-08:002023-02-01T05:16:17.106-08:00What is best Tax Saving Option In India? ELSS Mutual Fund (Equity Linked Saving Scheme)<div dir="ltr" style="text-align: left;" trbidi="on">
Many people so much effort to earn money, but they don't put even 10% of that to save money from taxes and expenditure. In my post <a href="http://savingsfunda.blogspot.sg/2014/01/10-tips-to-save-money-and-reduce.html">10 ways to save money</a>, I have talked about some general saving tips, now here you will learn how to save income tax by investing money in the mutual fund. Though there are many ways to save income tax in India, some of them I have mentioned in my post <a href="http://savingsfunda.blogspot.com/2016/02/12-ways-to-save-income-tax-under-section-80C.html" target="_blank">13 ways to save tax under section 80C</a> and today we'll talk about one of them, called ELSS. It is a special type of mutual fund which stands for Equity Linked Saving Scheme, money invested in it is exempted from income tax. You can save up to one lacs of money by purchasing ELSS mutual fund. Imagine, you have a package of 10 lacs INR, which puts you on the higher side of income tax rates, by putting some money on ELSS scheme, your taxable income automatically reduces, which sometimes can benefit from lower tax rates as well.<br>
</div><a href="http://savingsfunda.blogspot.com/2018/07/the-best-tax-saving-option-in-india.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com7tag:blogger.com,1999:blog-7036721709697976873.post-66589935706263575782023-02-01T05:15:00.001-08:002023-02-01T05:15:42.526-08:00What is difference between an NRI and a PIO?<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" trbidi="on">
<span style="background-color: white; color: #222222; font-family: "calibri"; font-size: 16px; line-height: 22.4px; text-align: justify;">Though both NRI and POI are used to refers Indians living and working abroad and they have more or less similar rights to <a href="http://savingsfunda.blogspot.com/2012/07/nre-or-nro-savings-account-which-one.html" target="_blank">open a bank account</a>, buy properties in India and restrictions e.g. not allowed to buy agriculture lands, there is some difference in terms of citizenship and origin. NRI stands for Non Resident Indian, whereas PIO stands for Person of Indian.</span><br>
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<span style="background-color: white; color: #222222; font-family: "calibri"; font-size: 16px; line-height: 22.4px; text-align: justify;"><b>An NRI is an Indian citizen who stays outside India:</b></span><br>
<span style="background-color: white; color: #222222; font-family: "calibri"; font-size: 16px; line-height: 22.4px; text-align: justify;">(a) for purposes of carrying out employment or any business or vocation;</span><br>
<span style="background-color: white; color: #222222; font-family: "calibri"; font-size: 16px; line-height: 22.4px; text-align: justify;">(b) under circumstances indicating an intention to stay outside India for an uncertain duration;</span><br>
<span style="background-color: white; color: #222222; font-family: "calibri"; font-size: 16px; line-height: 22.4px; text-align: justify;">(c) any Indian citizen deputed outside India for a temporary period in connection with employment</span><br>
</div></div><a href="http://savingsfunda.blogspot.com/2018/07/what-is-difference-between-nri-and-pio.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com1tag:blogger.com,1999:blog-7036721709697976873.post-80655954845670506772023-02-01T05:15:00.000-08:002023-02-01T05:15:20.529-08:00How to Check if Your Aadhaar is Linked with Bank Accounts Online? Free Aadhaar Status Checking Tool<div dir="ltr" style="text-align: left;" trbidi="on">
Hello Guys, welcome to the last post of 2017 in NRISavingsFunda and what could be the better topic than "linking Aadhaar" to close out the year. In this article, I'll show you how to check the status of your Aadhaar and bank account linking status online. The whole 2017 can be dedicated to Aadhaar linkage.<br>
</div><a href="http://savingsfunda.blogspot.com/2017/12/how-to-check-if-your-aadhaar-is-linked.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com1tag:blogger.com,1999:blog-7036721709697976873.post-40605230392835381692023-02-01T05:14:00.000-08:002023-02-01T05:14:29.313-08:00Why NRI should use Portfolio Investment Scheme (PIS) to buy shares in Indian Market?<div dir="ltr" style="text-align: left;" trbidi="on">
If you know, <a href="http://savingsfunda.blogspot.com/2015/10/what-is-difference-between-nri-and-pio.html" target="_blank">NRIs</a> are allowed to invest in Stock Market in India i.e. they can purchase and sell shares in Stock Exchanges (Secondary Market) as well as they can buy stocks on Initial Public Offering (IPO), the Primary Market. Unfortunately, not many NRI knows about <b>Portfolio Investment Scheme or PIS</b>. It's a scheme of RBI under Schedule 3 of Foreign Exchange Management Act 2000 which allows NRIs to purchase and sell shares and convertible debentures of Indian companies on a recognized stock exchange routing such purchase/sale transaction through the account with the designated bank branch e.g. ICICI bank. <br>
</div><a href="http://savingsfunda.blogspot.com/2015/12/nri-should-use-portfolio-investment-scheme-PIS-buy-sell-shares.html#more"></a><div class="blogger-post-footer"><a href="http://savingsfunda.blogspot.com/">Saving and Investment Tips</a></div>javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.com1