Introduction to IEPFA:

The Government of India has started a program to create awareness and guidance among the investors with the help of the Ministry of Corporate Affairs. The objective of this authority is to create awareness among the investors to protect their interests. The investors in India are now taking part in the investment activities that raise the need for proper awareness and the protection from frauds and misleading guidance on investment. This fund authority does not provide any investment advice. It provides the guidelines for the interests of the investors only to protect them from frauds in the trading.

What is Demat Account ?

A Demat Account is a digital form of account that holds the securities for trade. It provides the facility to keep the securities online and in electronic form. There are various benefits of these accounts. The following are some benefits of Demat Account:

• It does not require the paper format of securities for trading.
• It protects the investors from physical theft, wear, and tear of the paper securities.
• It saves a lot of time by fastest transfer of ownership between beneficiary owners.

In India, CDSL and NSDL are two free Demat Account service providers. The CDSL is a depository of BSE Ltd and the NSDL is a depository of NSE Ltd. Apart from depositories, there are some other contributors such as depository participants and beneficial owners. Different private brokers such as Angel Broking, Groww, and Zerodha, provide services for the Demat account opening. These brokers and depository participants charge brokerage fees and other charges for trading. These charges may vary from one service provider to another.

Guidelines on Demat Account of IEPFA:

In 2017, the Ministry of Corporate Affairs has notified with a general circular on 24th April 2017 that the companies registered under the Companies Act, 2013 are required to transfer the unpaid dividend accounts of the last 7 years to the IEPF suspense account.

• As per the notification by the circular, the IEPF has decided to open an account with NSDL (National Securities Depository Limited) to facilitate the transfer of the Demat Account of authority.
• Every company under the Companies Act, 2013 is required to transfer the shares (either in Demat form or physical form) to the special account opened with NSDL by the IEPF Authority. The companies are also required to prescribe information about the shares.
• To open a Demat account and maintenance, the NSDL charges the specific charges for the record maintenance. The transaction fee per record is Rs. 10. The annual maintenance charges are Rs. 11 per record.
• These accounts are in the pure electronic form, which facilitates the investors and the companies from physical loss on the shares.

Conclusion:

The Demat account opening by Investor Education and Protection Fund Authority is beneficial for the investors as well as the companies. Before this account service, the companies needed to maintain the records physically. The physical record maintenance has created different issues in front of the companies and the brokers. The T+2 day’s settlement of shares would not be possible sometimes. The transfer of securities from one party to another was a tedious process. The most important issue with the physical share transfer is the theft and misplacement. 

With these Demat trading meaning services, the companies are now facing negligible issues related to the share transfer. The step taken by IEPF provided great help for the companies and the share brokers along with the investors. Now the investors can open a Demat Account in just a few minutes without any initial fees. Trading with electronic accounts is also very cheap and less costly. 

Loan against Property is a secured loan that allows you to use your property’s equity as collateral for the loan. In this type of loan, the borrower offers the title to their immovable property as collateral for the loan and then uses it for whatever purpose they want. This could be used by anyone who has an existing or inherited house that he/she wishes to use for personal reasons or any other reason. The person can procure a loan from Banks, NBFCs, MFIs etc. after pledging their property and hypothecating its title to the lender.

The amount one can borrow depends on the current worth of your pledged property and how much lenders are willing to lend against it based on various factors like age, income, credit history, value of property, etc.

Some lenders certainly offer better rates than others; some might have lower eligibility criteria and so on. We try to collate such information to help you choose the best lending institution that meets your requirements.

What are the features of Loan Against Property?

First, the LAP is a secured loan. This means that you put up your property for collateral and use its value as security for the loan. In the event of non-repayment by the ‘assessee’ (borrower), your lender can seize and sell it to recover his dues.

Second, this type of loan does not offer any tax benefits under Income Tax Act but some lenders may offer full or partial tax benefits under Section 80C of IT Act.

Third, since loan against property is a secured loan, its eligibility conditions are relaxed and the interest rates are lower than unsecured loans, such as personal loans.

Fourth, you only get a percentage of the property’s value as a loan, also known as LTV. Usually, it varies from 50 to 80%, and it depends on your eligibility. You can use a loan against property calculator to understand your eligibility.

It is the most effective way to raise money quickly if you own a property with enough equity and need funds urgently.

How does Loan Against Property work?

You can avail a loan against your property by pledging it as collateral to a reputed financial institution or bank. The lender evaluates the property and your borrower’s profile to give you a loan offer based on their LTV policies. The rate of interest on the amount will be decided after negotiations between you and the bank, depending upon your eligibility and repayment capacity. You can usually avail a LAP for 15 years. LAP can be paid in easy monthly instalments, decided theaccording to the tenure you choose. The best part is that the interest rates are usually low or lower than those offered on personal loans.

What is the eligibility criteria to get a loan against property?

Each lender has different eligibility requirements but here are the common ones:

1. You must own a property (residential or commercial), which should be free from all encumbrances.
2. This section covers those people who have a good credit history, so banks require you to submit your credit score with your loan application form. A score of 680 and above is considered desirable by most lenders in this country .
3. Your monthly income should be sufficient enough to support the repayment of the loan amount, plus interest for the duration of repayment tenure chosen by you.

What are the documents required to avail loan against property?

Here is a list of documents requested with the application for a LAP:

1. Identity proof such as Voter ID, Aadhaar Card, passport or PAN card
2. Residence proof such as a recent utility bill (electricity or telephone bill) and your latest bank statement
3. Employment Proof – currently 2 months salary slips with the most recent bank statements from all linked accounts
4. Ownership document of the proposed security property which should match your name on the Address proof, i.e., Property Deed/Rent Agreement.

What properties can be covered under LAP? What is the genuine requirement for pledging property?

The types of properties that can be covered under loan against property include residential and commercial properties like apartments, real estate, commercial property, etc. The requirement for pledging property is that the property should be genuine and owned by you. LAP cannot be taken against properties jointly owned with someone else or a third party and the property should be free from all legal encumbrances.

Conclusion:

It is important to ensure that Loan Against property is taken from a trusted lender, such as Muthoot FinCorp, that offer flexible repayments, attractive interest rates and a high LTV ratio.

The card swiping machine is the small machine that is placed at the front desk of most hotels, restaurants, and other businesses that accept credit cards. It lets you load your credit card number into the machine, and the machine writes down your unique identifier number (UID) on a paper slip. If you lose your card, you can get a new one by going to any authorized provider 

Benefits of swipe card machine

There are a lot of benefits of a swipe card machine. It removes the need of carrying multiple cards. Swipe machines are easy to use and replace if lost or damaged. Also, the transactions are secure as the information is encrypted, which further enhances the security. Swipe card machine is reliable since it works continuously even if there are no customers present at the moment. It can process multiple kinds of cards quickly and accurately without any hiccups or delays. 

The swipe card machine is the fastest way to buy retail stuff with a credit card. You can load your card with money at any retailer and take it out again at any other retailer. When it’s time to buy something, you simply swipe your card and the cash is converted into the credit on your card account almost instantly.

Factors to consider before you choose swipe card machine for your business

Factors such as security, documentation and connectivity will help you make the right decision about which card machine is right for you. While it may be tempting to go with the most-expensive card reader on the market, it’s often not worth the price premium over other readers that provide the same features and benefits. The range of wireless swipe card readers should also be considered.

India is perhaps the biggest purchaser of gold on the planet. According to the World Gold Council (WGC), the yearly gold interest in India from 1987 until 2016 has expanded by 804%. Also, the pattern doesn’t appear to pass on at any point in the near future. The valuable metal other than being utilized for mechanical, business and speculation purposes can likewise be utilized to get a credit at the hour of a monetary crisis. Indeed, the gold loan is one of the simplest and quickest approaches to get to reserves when it makes a difference the most.

Regardless of whether you have a low FICO assessment yet adequate measures of inactive gold in your storage, the gold loan can be the money related answer for you. With the developing notoriety of gold loan each year, know what gold loan is as well as how it functions, gold loan costs, gold loan interest rate and other related subtleties.

What is a gold loan?

The gold loan, likewise alluded as a loan against gold, is a gotten loan that a borrower takes from a loan specialist in lieu of gold decorations like gold adornments. The credit sum authorized to you by moneylenders is by and large a specific level of the gold’s worth. You can reimburse it through regularly scheduled payment after which you get your gold articles back. Dissimilar to other got credits, for example, a home loan or vehicle loan, there are no limitations on the end utilization of gold loans. So regardless of whether you need to subsidize a wedding, family get-away or your youngster’s schooling, it is an extraordinary method to meet your abrupt cash prerequisite. In addition, a ton of private and nationalized banks alongside NBFCs offer gold loan at reasonable loan fees.

How does gold loan functions?

The whole course of gold loan is very like other got loans. In this, you take your gold articles to a bank alongside the necessary arrangement of reports. The moneylender assesses the gold articles and checks the submitted archives. According to the assessments, the moneylender endorses the loan sum. According to the loan arrangement, you take care of the principal amount alongside the interest sum and get the promised gold articles back.

In the occasion that you have been dreaming for a particularly stretched out an ideal opportunity to have horses as a redirection, and since you’re obtaining more by doing CFD trading, this content was expressly creating for you. Contributing on new horse divider is way easier of late, because of the occasion and affirmation of web business. In case a very long time earlier you need to scout different stores and specialty stores just to ask express horse fencing, by and by with just couple of snaps you will discover which store gives you the easiest offer.More

When you need a small business loan, whether it is to fund the next phase of growth or to keep your business stable during an unexpected crisis, all you have to do is to consider whether you need to provide collateral. The lender is late in payment and unable to repay for any reason. If your company has few collateral assets, then finding an unsecured business loan maybe your top priority.

Steps to follow while applying for small business loans no collateral

Fortunately, commercial loans can be found that do not require collateral as a condition of approval. Before applying for any of these loans, it is important to do some research to understand what will happen.

To apply for small business loans no collateral, applicants can view and compare different loan options that suit business needs. Please follow the steps below to apply for a collateral-free commercial loan for your business.

Step 1: Fill in all required fields, such as required loan amount, employment status, total annual sales or quarterly sales, residence proof, business address, years of operation, collateral type, and mobile phone number.

Step 2: Check the box to agree to the terms and conditions. Some banks provide special deals or the best deals on the loan. If your lender provides, then check on the given box.

Step 4: After you provide all the information, a bank representative will contact you to continue the loan process.

Step 5: After the loan application is approved, the approved loan amount will be transferred to your designated bank account within a few working days.

Various public and private banks, NBFCs, small financial banks (SFB), regional rural banks (CRR), and microfinance institutions (MFI) provide MSME / SME loan interest rates based on several factors, such as loan amount, term, the type and duration of company ownership, as well as the applicant’s data, financial history, solvency, etc.

Must Read: Mistakes That First-Time Small Business Loan Recipients Make

Final Thoughts

The commercial loan application process for secured and unsecured loans is very tight. The lender must check all grounds before he provides credit to the company. The borrower can repay the loan in parts or in full.

However, when providing collateral, the lender must inspect the asset to determine its value. This can be time-consuming and difficult. Financial lenders give small business loans no collateral upon verification and documentation.

Not all business owners own assets, so they choose unsecured commercial loans. This makes it easy for business owners to obtain unsecured funds. Or, the lender will consider market opportunities and business plans when evaluating the business. This is a secured commercial loan transaction in which the lender grants the loan after the valuation of the asset provided as collateral.

Start-up companies without collateral can obtain unsecured loans. Financial institutions or lenders may not require collateral to approve unsecured commercial loans. The documentation for this situation is thorough and strict. However, if the borrower is unable to repay the loan, the lender has the right to recover its assets.

When you need a small business loan, whether it is to fund the next phase of growth or to keep your business stable during an unexpected crisis, all you have to do is to consider whether you need to provide collateral. The lender is late in payment and unable to repay for any reason. If your company has few collateral assets, then finding an unsecured business loan maybe your top priority.

Steps to follow while applying for small business loans no collateral

Fortunately, commercial loans can be found that do not require collateral as a condition of approval. Before applying for any of these loans, it is important to do some research to understand what will happen.

To apply for small business loans no collateral, applicants can view and compare different loan options that suit business needs. Please follow the steps below to apply for a collateral-free commercial loan for your business.

Step 1: Fill in all required fields, such as required loan amount, employment status, total annual sales or quarterly sales, residence proof, business address, years of operation, collateral type, and mobile phone number.

Step 2: Check the box to agree to the terms and conditions. Some banks provide special deals or the best deals on the loan. If your lender provides, then check on the given box.

Step 4: After you provide all the information, a bank representative will contact you to continue the loan process.

Step 5: After the loan application is approved, the approved loan amount will be transferred to your designated bank account within a few working days.

Various public and private banks, NBFCs, small financial banks (SFB), regional rural banks (CRR), and microfinance institutions (MFI) provide MSME / SME loan interest rates based on several factors, such as loan amount, term, the type and duration of company ownership, as well as the applicant’s data, financial history, solvency, etc.

Must Read: Mistakes That First-Time Small Business Loan Recipients Make

Final Thoughts

The commercial loan application process for secured and unsecured loans is very tight. The lender must check all grounds before he provides credit to the company. The borrower can repay the loan in parts or in full.

However, when providing collateral, the lender must inspect the asset to determine its value. This can be time-consuming and difficult. Financial lenders give small business loans no collateral upon verification and documentation.

Not all business owners own assets, so they choose unsecured commercial loans. This makes it easy for business owners to obtain unsecured funds. Or, the lender will consider market opportunities and business plans when evaluating the business. This is a secured commercial loan transaction in which the lender grants the loan after the valuation of the asset provided as collateral.

Start-up companies without collateral can obtain unsecured loans. Financial institutions or lenders may not require collateral to approve unsecured commercial loans. The documentation for this situation is thorough and strict. However, if the borrower is unable to repay the loan, the lender has the right to recover its assets.

The Internet has helped and tested the least difficult of selling experts round the globe. Various they enjoy taken benefit of the promoting advantages of the web, while some have made some intense memories managing the quick and flighty changes.

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Introduction

The stock market is an ocean full of opportunities. Traders and Investors make hefty money by riding as per the wave. Continuing with the analogy of  “A rising tide lifts all boats”, one should know when the tide is high and when it might go low exposing our weak investments. It means when the market is going up all the stock prices rise along with the market. The price of the stocks goes up, because of the market cycle and investors’ psychology, of jumping on the trend.   

However, the tide does not always rise. Accordingly, you have to manage and hedge the risk associated with the downside of the market. Many factors drive the stock market. Along with the factors, there are many different parties involved in the Indian stock market. We will discuss all these points, but first, let us understand the requirements of investing in the stock market. 

Accounts Required 

To begin investing in the Indian stock markets you will require these three accounts: Demat, Trading, and a Bank Account. 

Demat Account

Demat account is used to store financial instruments in electronic format. Moreover, you can store all sorts of financial instruments such as equity shares, bonds, government securities, currencies, and more in a single demat account. 

Trading Account

Opening a trading account helps you in buying and selling securities. It makes the procedure of buying and selling easy in the stock market. Adding to the point, this platform shows the real-time price movement of shares and other financial instruments. Thus, it makes day-trading easy for traders. 

Bank Account

To transfer funds into a trading account, you need to have a bank account. It is next to impossible for an individual above the age of 18 to open a trading and demat account, without having a bank account. However, a minor demat account can be opened even if he/she does not have a bank account.  

To ensure smooth transactions, you should link all three accounts together. 

Documents Required 

To open a demat and trading account you will be required to keep following documents handy: 

• Address Proof: these documents can be used as proof of address: Ration card, Aadhaar Card, Electricity bill (in the name of the account holder), and gas bill. 
• Identity Proof: Documents that can be used as proof of identity are: PAN card, Aadhaar Card, Driving Licence, and Voter’s Id card. 
• Income Proof: Salary slips and ITR can be used as income proof. You should know that proof of income is required only in the case of derivatives trading. 
• Lastly, a canceled cheque or a bank statement can be used as valid proof for a bank account. 

To open these accounts, you do not have to go anywhere. You simply have to contact a broker, and the process will be completed online. This answers the most frequently asked question, which is, “how to start online trading?”

Participants of the Indian stock market

• Banks 
• Depositories 
• Brokers
• Custodians 
• Stock Exchanges 
• Primary Dealers 
• Regulators

There are more participants in Indian financial system, but these are the major participants and have major involvement in the stock market. 

There are many other factors such as investor sentiments, political environment, current events, and more, that affect the stock market but to understand the basics of the stock market, you need to understand the basics of demand and supply. Keeping other factors aside, the major factor that drives stock market or stock price is demand and supply. 

Let us understand this with the help of an example. Suppose, there is a shortage of onions in the market due to the rainy season. However, the demand for the commodity is intact, it may increase as well. Thus, the prices of that commodity will shoot up due to high demand and low supply. Similarly, when a company is doing good, everyone lines up to buy shares of that company, and the share price goes up. On the other hand, when the demand falls, share price also falls. 

Therefore, always do your due diligence and invest in companies that will never run out of demand. Hope you have a successful investment journey! 

Getting a four wheeler insurance policy proves to be highly beneficial. It proves to be even more advantageous when the plan is bought online. Online insurance has many merits. Take a look at this article to know what exactly these merits are and why you should consider buying four wheeler insurance online.

1. Cheaper –

The first and the most significant benefit that you get when you buy a four wheeler insurance plan online is that it costs you less money. This is because the online car insurance plans are lower priced than similar offline car insurance covers. Since you buy the plan directly from the insurance provider, you don’t pay brokerage to any insurance agent and this reduces the costs. Then, the processing fees and the administrative fees are also lower and so the premium of the online car plan comes down.

2. Easy to compare –

It is very easy to compare four wheeler insurance online. You can use an online tool to do so and get your results in a few seconds. You can then compare the results and easily and conveniently find the car insurance plan that is best suited for your requirements. If you try comparing offline, you will have to physically get the policy documents and read each and every word, which will prove to be a very long and tedious process. Also, comparing helps you to make an unbiased choice and choose the plan that would be of greatest help to you.

3. Flexible –

There are many flexible options available when you buy a four wheeler insurance plan online. You can choose the tenure you want – go for a regular one-year policy or go for a long term cover of two or three years. You can also choose between a third party liability cover and a comprehensive cover. Overall, buying car insurance online is very flexible and this proves to be hugely beneficial.

4. Riders available –

When you buy car insurance online, you also get the option to choose your riders. There are many car insurance riders available. The most common ones include the engine cover rider, the zero depreciation rider, the personal accident protection rider, etc. Choose the riders you need and make the four-wheeler policy more effective for yourself.

5. Easy online access –

Modern-day car insurance providers have an online presence. Every leading motor insurance company in India has a very impressive website as well as a mobile application. You can do everything related to car insurance from these online platforms. You can buy the plan, you can renew the plan, you can pay the premium, you can add riders and you can even initiate a claim from the online channels. This makes it extremely convenient and advantageous for you. 

As you can clearly see from the points mentioned above, four wheeler insurance online indeed proves to be very handy. So if you are in the process of buying a car or bike insurance policy, explore the online plans. Compare and locate your ideal cover and keep your vehicle, as well as yourself, protected. 

The essence of knowing ” What is Forex Trading?” lie in every trader’s ability to utilize a suitable strategy to obtain a better profit. Thus, it is very necessary for us to know not just one, two or three of these strategies but most if not all of them. You may think that the previously stated thought may pressure you to dig into your trading reading materials and memorize every concept that you see. But hey! take a deep breath and relax. What we are trying to do here is not to immediately convert you into an expert forex trading strategist. We acknowledge the fact that learning is best when it is given in frequent small bites. With this teaching technique we guarantee that you are able to have a time to apply your newly learned strategy before finally moving into another set of new strategies to learn. So to start with, we shall begin with the most basic strategies that are applicable for newbies.

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Have you ever thought of what type of trading platform that you want to use? Are there specific qualifications on your mind? A trading platform like MetaTrader 4 (MT4) is a software that allows traders to buy and sell currencies or other financial instruments. There are different platforms to choose from. Each of these platforms is either offered for free by brokers or requires a minimum amount of trading activity every month.

It’s safe to say that these online trading platforms are beneficial in so many ways. One, it’s quick and easy to use. Two, it provides educational opportunities for new traders and investors. Here are the top 4 benefits of using a trading platform.

Access Market Signals From Professional Traders

Professional traders have drawn a line among other traders by giving out market signals. These market signals are very helpful in determining the right trading decisions. By following the actions of the professional trader, you will determine the right entry and exit points and use the right tools that are used by the professional trader. The trading platform lets you do this, the reason why many traders are choosing to use it instead of trading all by themselves.

Access to Demo Accounts

Another advantage of trading platforms is the trader’s access to demo accounts. It is a risk-free environment that allows you to trade without thinking of losing your trading funds. More importantly, if you want to test the capability of the trading platform, it is much better to use the demo account first because it provides a better understanding of how the entire process works. Things like opening a position or closing them, are just some of the things that the demo accounts can teach the trader. In the market, you cannot afford to hesitate because, in split seconds, you can lose a lot.

Access to Analytical Materials and Tutorials

Successful traders know the importance of knowledge in trading. For budding traders, any form of tutorials or trading forums will do you so many good things. With the use of a trading platform, you can access the wide range of tutorials available to traders for free. There are constant updates to these tutorials to cope with the changes in the Forex market. Analytical materials, on the other hand, are quite helpful in giving you insights about the market for you to be able to make the right trading decisions.

Following Top Traders

You can get exceptional ideas if you follow top traders. This will also help you increase your chances of obtaining success in the Forex market. These top traders are more knowledgeable and have vast experience. They are mostly the ones who have known the market better than you do. Through online trading platforms like MetaTrader, you can find these exceptional traders and you can even copy their trading style and moves. This part is beneficial to new traders as this will save you from having too many losses as you get to know more about trading in the Forex market.

It is wise to save for the rainy day because the wheels of fortune can change. When life is bright and one can afford, it is prudent to save a part of the present earnings for the future. It helps tide over unforeseen events that can wreak havoc or meet planned events that can herald joy. Once the decision to save is made, the dilemma is how to save. Bajaj Finance provides the answer through their best Systematic Deposit Plan.

Are You Safe If You Save?

It is not enough to just save. The saving has to be safe and equally important, has to grow. Therefore, it is important how you save and where you save, or else all you have planned for will come to nought. 

Bajaj Finance has the best Systematic Deposit Plan that combines both safety and growth. Safety emerges from the impeccable credentials Bajaj Finance commands. Growth stems from the attractive interest rate they offer when compared to FD interest rates today.

Mitigating the risks that lurk

There are seemingly enticing opportunities in the market, but one has to be mindful of the risks hidden behind inconspicuous fine prints, which read “returns are subject to market risks” or “past performance is not indicative of future returns”. Vagaries of the economy or the market can wipe out savings of a lifetime or render them woefully inadequate to meet your goals.

Market risks apart, the hapless investor has to be vigilant against wolves masquerading in sheep’s clothing. Fly by night operators are on the prowl to deceive investors of hard-earned money. Bank failures are not unique to India; even advanced western countries have not been immune to the disaster. Pedigree and credentials of the deposit-taker are, therefore, of paramount importance.

Bajaj Finance offers the best Systematic Deposit Plan that mitigates these risks because of their impeccable credentials.  

Impeccable Credentials

Belonging to the Bajaj stable founded by Jamanlal Bajaj in 1926, Bajaj Finance manages assets in excess of Rs. 1,47,153 crores (AUM) and enjoys the confidence of over 4,26,00,000 customers as per their Annual Report for ’20 – ‘21. Resultant economies of scale help the Company to extend the best FD interest rates today.

Deposit schemes of the company have been conferred MAAA (Stable) rating by ICRA and FAAA/ Stable rating by CRISIL. Hallmarked with the highest ratings by premier global rating agencies, Bajaj Finance offers the best Systematic Deposit Plan with the best FD interest rates today.

Best of Rate and Convenience

Bajaj Finance offers interest of 6.50% p.a. on deposits for periods from 36 to 60 months with 6.60% p.a. for online investment. Senior citizens earn 6.75% p.a. for the same period, whether invested online or otherwise. The interest rate offered by leading commercial banks for the identical period is only 5.30%. Thus, Bajaj Finance offers the best FD interest rates today, which is assured all through the tenure, insulated from vagaries of the market. This helps to plan for the future with certainty.

For those who cannot afford a lump sum deposit in a fixed deposit, the Systematic Deposit Plan helps build wealth through a monthly deposit of amounts starting from Rs. 5,000, the same way little drops make the ocean.

Of the two options available, under the Monthly Maturity Scheme, the period of each deposit remains the same and therefore, their maturity dates will be different. Under the Single Maturity Scheme, the period of each deposit becomes shorter so that they all mature on a single date. Deposits shall fetch the interest rate prevailing on the date of deposit for the applicable period. With provision for premature withdrawal and loan facility, Bajaj Finance has ensured that the best Systematic Deposit Plan does not lag in convenience.

The Bottom Line

Bajaj Finance offers the best Systematic Deposit Plan with the highest credit rating and the best FD interest rates today. Its user-friendly features make the best Systematic Deposit Plan simple and accessible to all, even to those who are not tech-savvy.

You mandatorily require two accounts to invest in the stock market. One is the Demat account, and another is the trading account. Both accounts are necessary to make investments in stocks and other stock-related investments. 

Joint Trading Account 

Stockbrokers do not allow investors to open a joint trading account to avoid any confusion regarding taxation due to more than one account holder. Even a joint demat account has to be linked to a single holder trading account only. You can open a free online trading account with your demat account. 

Joint Demat Account

Generally, a single-holder demat account is quite popular among investors. But if an investor is looking to open a demat account jointly, he/she can open it with a SEBI registered stockbroker. 

A joint demat account allows more than one individual to access the same account. There can be a maximum of three account holders. But, only the primary holder will be entertained for all communication regarding the demat account. 

However, the joint account facility is limited to a few brokers only. Most of investors prefer to open individual brokerage accounts. It does not create any havoc and keep transactions specific to an individual. 

It is about the joint account. Let us discuss how an online trading account and demat works that differentiate the two. 

What is the difference between demat and trading accounts?

Here are some basic differences between demat and trading accounts.

• A demat account is like a savings account for your financial securities as it is debited when you make a trade for sale and credited with a buy of securities. On the other hand, a trading account is a trading platform of financial securities that connects all buyers and sellers at multiple stock exchanges. 
• A demat account is used to hold a variety of financial securities in the dematerialized form. It is used to dematerialize the physical shares in the digital format. On the other hand, a trading account is a link between your demat account and bank account. 
• Every type of investor can use demat accounts. In contrast, a trading account is a primary account of intraday traders. 
• If a trader wants to trade stocks, both the demat account and the trading account are required. And if he/she wants to trade futures & options, only a trading account can work. 
• You can track your performance in stock trading using both accounts. A demat account figures out your total wealth in the stock market and tells you where you stand wealth-wise at a point in time, whereas with a trading account, you will find out what kind of transactions you have made until now. 

Both accounts are different from each other but necessary to make the investing and trading process easier with a lot of services. 

Important Points To Follow

Following are some important points one should consider while investing in the stock market.

• Determine Investments Goals 

An investor with clear and well-defined financial goals can plan their investment effectively. They can create a mix of best-supported financial assets to achieve their investment goals. This mix of financial investments will be helpful to meet their financial goals and protect them against the effects of volatility of the stock market.

• Determine Risk Profile 

Financial markets are full of investment avenues. The stock market also provides a variety of investment options with different levels of risk. Self-assessment is necessary to check your risk appetite. It will help you to pick the right kind of stocks.

• Trust Your Extensive research 

The stock market has huge potential to provide you with profits only if you can make informed decisions. To make an informed decision, you have to go through extensive research about the companies you want to invest in.

• Have patience

Keep your emotions at bay when you invest. If you find ups and downs on the route of long-term investments, do not get distracted with them and have patience. 

This way, you can have a number of opportunities in the stock markets. 

Bike insurance cost is a big factor when you are buying or renewing your existing policy. What the bike insurance plan will cover, and what does not is important to know before you make a decision. Call us for getting a customized quote.

Having a smart and an extensive data comparison process before purchasing any insurance policy is like leveraging your wallet to buy the best policy available in the market. When you need to choose a bike insurance cover, it is essential that you get detailed information from different sources, compare the details on an advanced level and then select a plan that gives you all those benefits which make your purchase worthwhile.

With the many different bike insurance providers currently available in the market, you might not know which one to choose. The basic things you should look out for are third-party liability coverage, claim process, and additional features such as baggage/warranty protection.

– Look at the coverage features

Look at the coverage features in different bike insurance plans wisely. It is just the main parts which help you in deciding about the policy, yet the add-ons and the inbuilt facilities come to play a role too. If your bike has been involved in an accident, the roadside assistance helps you reach repair outlets by trying to make up for lost time.

– Consider the Insured Declared Value too

An important coverage offered by bike insurance plans is the declared value (IDV) of the bike. A high IDV means a higher claim settlement if the bike is completely damaged or stolen. The IDV offered by an insurance policy depends on various factors like value of the bike, its age and the depreciation cost. So, insured must select a bike insurance plan that offers high IDV values to get maximum protection for their investments. Check out the IDVs included in different bike insurance plans and compare to choose one that offers adequate protection for your bike.

– The premium rate

What you pay for your premium is very important. It will determine whether you end up spending more on repairs, or simply paying a nice sum to the insurance company as claim. Always go for a policy with lower premiums if you are not interested in a very comprehensive level of cover. For instance, when you go for third-party cover, invest in a policy with low premium levels. Make sure that the information provided by your insurer is clear and precise. If not, it could cost you more in the future! Always try to compare premiums from more than one company to ensure you get a good deal.

– Discounts allowed

When you are submitting an online application for bike insurance, look for the different discounts offered by the plan. Choose a plan which promises you the highest discount rate so that your premium is reduced considerably. Some common discounts which you can claim in your bike insurance policy include a discount for no claim bonus, discount for choosing voluntary deductible, discount for modifying the vehicle for the disabled, etc.

– Ease of claim settlement

Nowadays, many insurance brokers have introduced easy and quick claim settlements through video and image uploads. These policies would be best as they would ensure quick claim settlements. Moreover, understand the claim turn-around-time (TAT) of the company and choose a policy which has the lowest TAT and the most convenient claim settlement process.

– Add-ons allowed

In case of any theft or damage to your bike, add-ons offered by the insurer help in taking care of the difference between the market value of the damaged/stolen bike and the settlement amount offered by them . Some of these add-ons are:

– Claim settlement record of the insurance company

Another important factor for an individual to consider while buying an insurance policy is to check whether the insurance company settles claims in a quick and timely manner. This can be checked by checking the claim settlement record of the company. An insurance company who settles a maximum number of claims will be a better choice as compared to a company that takes time to settle the same. The policy holder should aim to be covered under such insurance brokers. 

One of the better ways to earn through your savings is to invest in fixed deposit schemes. It is important for you to find fixed deposit schemes that offer an attractive interest rate because it is the interest rate that generates your returns at the end of the FD tenure. 

To find which FD plans offer good returns, you can use an FD calculator. FD calculator is an online tool that can be easily found on the internet these days. Some financiers have included such calculators on their website as well. You need not be an expert in computers to use this calculator as it is designed to be simple and user-friendly. 

You just need to select the customer category you belong to, enter the necessary details like deposit amount, FD tenure, FD type, etc. and the remaining task will be performed by the calculator itself. This calculator can also be used for the following things:

Finding an appropriate FD plan

If it is hard to come across an FD plan that is designed according to your requirements, it is better to use an FD rate calculator. This is because the FD calculator contains the gist of all the information that is required to analyze FD plan on the basis of their tenure range, deposit limit, interest rates, etc. 

Planning finances

If fixed deposits have a major role in your financial portfolio then you can make important decisions concerning your financial plans with the help of the FD calculator. This is because the FD calculator will let you know whether a particular FD plan is suitable as per your financial needs or not.

Many individuals like senior citizens rely on the interest payout of FD for covering their medical bills, utility bills, and other expenses. Hence, the FD calculator can be used by themto determine whether a particular FD plan will provide a good enough interest payout or not. 

Helps in decision making

Many financiers do offer a high interest rate but it is the FD calculator that will help you to find whether investing in a specific FD scheme will prove to be fruitful or not. This is because the interest rates vary with tenure and the FD plan you choose. 

If two or more financiers are offering similar interest rates then you can use this calculator to find the FD plan that is better in terms of tenure flexibility, returns, and other features. You can also use it to compare fixed deposit rates across different avenues like post office FD plans, bank FD plans, and corporate FD plans. 

However, no matter how efficient and useful a fixed deposit interest calculator India may be it is the FD interest rate that ultimately decides whether the returns are good enough or not. As bank FD rates are not up to the mark these days, you can invest in a company FD like Bajaj Finance FD. It offers an interest rate up to 7.25% and also comes with other impressive features that are described below:

• Monthly interest payout option 

If you are a retiree or senior citizen who is looking for a regular pension or salary post retirement then you can invest in Bajaj Finance’s non-cumulative FDs. The monthly interest payout option is available with the non-cumulative FDs and you can utilize it to manage your need for funds easily. 

Also, individuals above 60 are eligible for 0.25% better FD rate that can be utilized for earning better returns. 

• A credible investment

FD plans by Bajaj Finance is considered to be a safe option because they have received high ratings from CRISIL and ICRA. Therefore, your money is safe if you invest it in any of Bajaj FD plans. 

• Easy loans against FD 

You can get a loan up to 75% of your FD value by investing in any of  FD plans. This loan can be used for covering your immediate expenses like foreign trips, marriage of child, etc. The hassle-free online process of investment lets you book an FD conveniently and you also get a 0.10% additional FD rate for using the online FD form. 

All these options and perks have made Bajaj Finance FD scheme one of the most preferred FD plans in India. If you also want to take a closer look into the features and benefits of Bajaj Finance Fixed Deposit plans then you can visit the official website today.

Investing in stock markets is always interesting to build wealth. It is not just ups and downs in share prices. There is a lot to learn about it to be a long-term investor. 

Most of the things you will learn with experience. But as a beginner, there are few things that you should know to see the stock market with the right perspective like investing in the primary market and secondary market, the role of stock exchanges, information requirements, and documents needed to invest in the share market. 

The investing process in the share market starts with an online Demat account to hold your shares. But before knowing about the Demat account, understand shares and markets. When a company needs funds, it can legally raise it through issuing shares. 

When a company issues its shares for the first time, it issues an Initial Public Offering (IPO) to the public in the primary market. In the primary market, you buy shares directly from the company through an IPO. 

As soon as the IPO finishes, shares of the company are listed on a stock exchange. This is known as the secondary market where one can buy and sell shares of a company from an existing shareholder. But where will you find the existing shareholders and at what price you will get the shares? The answer is stock exchanges. Here is the need for a regulatory body (SEBI) and intermediaries (stock Brokerage firms, depositories) to regulate the markets and check frauds. Intermediaries follow a specific process for share transactions defined by the SEBI to ensure maximum protection to all investors.

You can buy shares in the primary market or secondary market and it’s your investment to share the company’s profit in the proportionate ratio of investment. 

How to invest in the share market?

To invest in the share market in India, investors need to follow the following procedure: 

• Eligibility

It is mandatory to have a PAN Card for financial transactions. Your name and Date of Birth details mentioned will be used for the KYC procedure while opening a Demat Account. 

• Get a reliable and registered broker 

You cannot go directly to the stock market and start buying or selling shares. There is a need for authorized brokers. They can be individuals, firms, or companies registered with SEBI and Stock Exchanges. You need to pay a brokerage fee for their services. 

• Get a Demat account

You have found a broker and checked its reliability and services, now you can open a Demat and trading account with them to hold the stocks in the dematerialized form. 

• Bank account

You should have a bank account and link it with your trading account. It is needed to make transactions to buy/sell shares.

Besides this, a PAN Card, photograph, a canceled cheque, and proof of address (Anyone: Aadhar Card, Voter ID Card, Passport, 6-month bank statement, utility bill, not more than 3 months old) needs to be submitted at the time of opening a Demat account. 

While enquiring about the Demat account, ensure to check about brokerage fee, transaction fees, annual maintenance charges to be charged by a broker. 

There are various factors that long-term investors must look at. Before making any investment, ask yourself – are you a trader or an investor?

Can you keep your emotions in check?

Keep on following up on your investments in shares and get assistance, tips, and recommendations from your brokers, at least at the beginner stage.

Most often, freshers end up being confused when they get to know about their salary. However, it is imperative to have a clear understanding of salary, its breakups, and every component included in it.

Needless to say, words including CTC, basic salary, gross salary, allowance, reimbursements, tax deductions, employee provident fund, etc. usually lead to confusion for working individuals. If you are one of them, you are certainly in the right place now. We will help you learn how to calculate your salary and we are sure, you’ll be able to do it on your own after completing this blog. Also, HR managers should definitely know every point discussed below as they have a duty to help their new and existing employees when they come up with queries and doubts.

Let’s dive in.

Cost To Company (CTC)

Cost to Company, abbreviated as CTC is the total salary as well as benefits offered to a working individual in a year.

In simpler words, it’s the amount that an organization decides to give a person working for it.

It is important to note that Cost To Company includes a host of elements. A few of them are mentioned below:

• Basic pay
• Several allowances
• Reimbursements
• Other Elements like gratuity amount, annual variable pay, bonus, and much more.

In India, CTC is particularly used in the private sector to present the total remuneration of an individual.

You can use this formula:

CTC = Gross Salary + [Direct Benefits + Indirect Benefits + Savings Contributions] (or Deductions)

Elements of CTC

As mentioned earlier, Cost To Company includes many elements. Let’s talk more about them.

Take a look at the two vital elements of CTC:

• The gross salary, which includes basic salary, HRA, Several Allowances, and Medical reimbursement.
• Employee benefits, which includes EPF as well as medical insurance

In essence, CTC is a sum of Gross Salary and Benefits.

Talking about the Deduction bit, it includes Professional Tax, TDS, and EPF contributions. Simply put, we can say CTC as a sum total of Earnings and Deductions.

What is a CTC Calculator?

We are living in a digital era at present. Everything is fast these days. We can get anything and everything in just a matter of seconds. In such a scenario, manual CTC calculations can be a cumbersome task for many. Fortunately, we have a solution to this problem, i.e. CTC calculator. CTC calculator allows employees, HR managers, and payroll accountants to calculate the Net Salary to be paid to employees based on agreed CTC. Using a CTC calculator, a person can calculate his or her CTC in just a few minutes.

That’s it, we have come to the conclusion.

These are everything you need to know to calculate and understand your salary structure on your own. We hope this blog helped you to learn more about Cost To Company, its elements, and the CTC calculator. If you found this blog helpful, do not forget to share it with your friends who are starting to work.

Do you think you are well aware of the basics to create the kind of wealth you dream of? Most often the answer cuts for a sorry figure, and you just might be surprised how specific simple financial ideas and concepts might change your life for better, if and only if, you pay close attention.

Here are a few things to make you sit up and think before you plan your financial future.

Impact Of Taxes and Inflation on Earnings

You might wonder why we began with taxes and inflation instead of something like savings and investment. The reason is being that to save and invest successfully. You need to know about these two fundamentals and how they impact the outcome of your savings and investments in almost any form.

You might have saved a few your earnings at home in cash or set it aside in the form of a safety deposit or fixed deposit to be used later and to earn interest on your savings as well. However, any savings you decide to keep in your hand or a piggy bank are losing in terms of purchasing power due to inflation.

Similarly, your fixed deposit is earning you lesser than you think if you decide to factor in the impact of inflation on the interest earned annually. If you take care of inflation while planning your savings, you might save enough to help your kids buy their first car and save them the trouble of looking for small car loans.

On average, inflation grows at a rate of around 3 per cent annually. It needs to be taken into account when calculating how much you earned in terms of interest or profits on your savings or investments. Taxes are another major factor that impacts the outcome of your investments.

You need to know about all tax deductions to be made when choosing to withdraw your savings or investment. Usually, long-term investments attract higher tax benefits and tend to earn you more in that respect. For savings, if you put aside your money for a fixed term, it attracts fewer taxes in the longer term.

What Is Your Net Worth?

You might have heard about how much the net worth of some big companies increased on an annual basis. So what is this net worth and does have any relevance to you, personally? The answer is yes.

If you take all your assets, earnings, savings and investments put together and then deduct any liabilities and dues from it, what you arrive at is essentially your net worth. In simple words, how much are you worth in financial terms after paying off all your dues and taking into account your total wealth and assets.

You need not despair if your net worth does not account for much if it is at least on the positive side. It only means you have managed well enough so far to avoid falling into the trap of bad debts and perhaps maintain a good credit score as well. It indicates your finances are in somewhat a good shape and there is little chance of you looking for lending options like guaranteed car loans for bad credit and then hoping to find some way to hold things together.

If your net worth is near zero, it is still not that bad, and you need to work on your strategies for wealth creation if there are any as yet. If your net worth is in minus, then it is, of course, a cause for genuine concern and shows that you need to get your act together. Bad debts and poor credit score often make an appearance in such cases and need to be handled deftly to avoid falling into the trap of poor debt management worsening your financial situation.

Interest and the Effect of Compounding

You might think it’s a bit childish or almost embarrassing to talk about simple interest and compound interest or learn the basics as a grown-up. Well, you could not be more wrong. Most of the adult population chooses to turn a blind eye when it comes to the compounding of interest and puts their hard-earned money in any financial instruments or saving schemes based on how much interest they are paying. What they miss out on is whether they will earn simple interest or compound interest on your savings or investments.

In simple words, simple interest accrues interest ONLY on the principal amount for a specified period. On the other hand, compound interest works by allowing the investor to earn interest on principal AS WELL AS on the interest accrued annually. This slight difference in earning interest on the principal amount alone and earning interest on interest can significantly impact your level of wealth creation in the long term.

Compounding of interest needs to be kept in mind both while borrowing and lending or investing money. You need to borrow from a place where you get to pay simple interest, and you need to lend or invest where you get to earn compound interest as far as possible.

Conclusion:

You need to take stock of some fundamentals to plan your finances the right way. Here is an outline to get you started and looks a little deeper, read the fine print to understand things better and not be deceived by appearances when it comes to wealth creation.

A good budget is the right combination of essential and non-essential expenses, leaving aside savings for the long-term goals. Your primary focus remains on reducing the non-essential cost by cutting some amenities from life. However, many people enjoy the same lifestyle while increasing their savings with the help of bills negotiation.

It is the old-school strategy to convince the service provider to offer you some discount or special deal. You can leverage the existing relationship with them and save money. However, the strategy is not as simple as the service providers master the art of negotiation from their experience.

These are some tips to help you save money on the monthly bills with some negotiation and bargaining.

1. Set a Goal

Whatever the bill you target, you need to have a plan of action on carrying the negotiation. Start with the services you want from them. You may want to cut some services based on your current requirement as part of cutting the budget.

The customer representative will offer you the best plan if you have a clear idea of services. Research the market for the prices and deals to strong-arm the representative with a better price. You should convey the price constraint if you want the same set of services at a lower price.

2. Get an Offer from Competitors

The best way to ask for a lower price is to first get a better offer from the competitors. You will have some leverage in the negotiation as the current service provider will try harder to retain the client. These offers will act as a backup if the negotiation doesn’t go as planned.

There are certain charges involved with the installation and security deposits in services such as Wi-Fi and satellite television. Add them to the overall cost before comparing the plan. You can apply for doorstep loans in Ireland to cover the installation cost and save money in the long run.

3. Timing is Important

Only the senior representative or retention management has the authority to approve some significant discount on bills. Therefore, the negotiation needs to reach the upper management level to have better chances of success. And they don’t work 24*7 to answer calls from unsatisfied customers.

You must make the call during the weekdays between the office hours. These are generally 9 AM to 5 PM in any part of the world. Also, do not make negotiation call on weekends as the call volumes are too high.

4. Use Friendly Tone

A firm stand in the negotiation doesn’t require a jerky attitude from any of the parties involved. You need to ensure the tone is polite and friendly to make them understand your point. Calm yourself for the intimidating situation as the customer representative try to force a deal on you.

Say no to the offers you find unreasonable or below the expectations. They are doing their job to retain a client with minimal cost to the company. An emphatic behaviour will make them work with you to find a solution.

5. Explain the Situation

The service providers understand the financial problems of the customers as they are quite common. They don’t want to lose their valued customers over a small discount. Therefore, you can explain to them your condition, and they might turn out to be surprisingly helpful to it.

They might offer you payment extension over a small repayment. If not, you can apply for 24 hours loan in Ireland to manage the payments during a financial crisis. You will get a repayment extension with no extra charges if you cannot afford the instalment in any month.

6. Start with Cancellation Statement

Your negotiation should start with a statement with a definitive goal. “I want to cancel…” is the ideal communication starter during these kinds of conversation. Then you can state the reason for cancellation that is the higher service cost.

Ask for a lower price than you want once the conversation reaches the negotiation stage. It will take time to reach the middle ground, which should already be the price you had in mind. It is an age-old practice used to manage the negotiation.

7. Be Careful with the Words

Representatives are trained to manage the negotiation, especially the customers who want discounts. They have a script ready with answers to every question you might raise. Therefore, you cannot allow them to lead the negotiation with those scripts.

It is recommended to use power words such as “I want to save money” instead of offering the best price. Again, market research will help you find the price the service provider can permit after a lengthy discussion. Avoid words such as maybe, possibly, I think, or try as they show weak commitment.

8. Transfer Your Call to Retention Department

If the customer rep is not providing the right offer, ask them to transfer your call to the retention department. These are the people with authority to approve discounts to the customers only to retain them. They also provide a solution to the other problems considering the service quality.

9. Stop at the Right Time

An endless negotiation is a waste of time for everyone. You cannot expect them to accept your unrealistic price. Therefore, it is essential to know the moment when to end the negotiation.

There is no point in pushing the provider once they have a price that meets your expectations. They might offer the same price as the competitors but not lower than them. With the installation and other charges, it is better to retain them.

Conclusion

To sum up, you need to prepare yourself before dialling the number of your service provider. The negotiation is still a success if you end up paying a little more than the expectation.