Friday , 19 January 2018
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Author Archives: wealth18

SBI Savings Plus Account with MOD High Interest Scheme – Details & Review

Last updated : 19th January, 2018 In one of my earlier post, I did explain how you can earn upto 9% interest on your Savings account. (Read the post here). Many members asked me about whether such facility available with SBI. So in this post, I am providing details regarding Sweep-in facility in SBI and how can you earn more from your idle Saving Account balance. Savings Plus Account is a Savings Bank Account linked to MODS (Multi Option Deposit Scheme), wherein you can earn high interest from your idle funds in Savings Account. Sweepin Facility – The surplus funds ... Read More »

How to earn upto 9% interest on your Savings account Balance?

Last updated : 19th January, 2018 Yes. You read it right. In this post, I will explain how to earn upto 9% interest on your idle savings account balance. Option 1  –   Choose High Interest Saving Account Typically banks give 4% interest on savings accounts. However, after RBI de-regulated the savings account interest rates, few banks are offering higher rates. Bank / Rates Balance upto 1 lakh Balance above 1 Lakh Yes bank 6% 7% Kotak Bank 5.50% 6% IndusInd Bank 5.50% 6% So, you can get maximum of 7% interest from your savings account.   Option 2  – ... Read More »

Bharat 22 exchange traded fund (ETF) Review & Details – Should you invest?

Last updated : 29th October, 2017 Bharat 22 exchange traded fund (ETF) is all set to open for public subscription. The NFO will start on 15th Nov and closes on 17th Nov. The ETF will mirror the S&P BSE Bharat 22 Index that comprises of selected companies from CPSE universe, stakes held under SUTTI and public sector banks. This include: For portfolio diversification, weighting of individual index constituent is capped at 15 per cent while weighting of each BSE sector is capped at 20 per cent. As part of the NFO, an upfront discount of 3 per cent would be ... Read More »

ICICI Bank Offers – Discount, Cashback on ICICI NetBanking, Credit Card or Debit Card

Last updated : 29th October, 2017 If you have ICICI Bank Account, have ICICI net banking, ICICI debit or credit card, you can avail various offers as below. I have tried to list all the ICICI offers on one  page: Ebay 15% discount of all purchases Internet Banking Max discount – Rs 500 Offer: 18th Oct – 30th Oct 2017 Use: Promo code – ICICIOFF15 BigBreaks.com 10% off domestic & international flight ICICI Bank Internet Banking, Credit Card or Debit Card Max booking amount – Rs 1 lakh Offer valid till December 31, 2017. Use promo code ‘BBICIC10’ Ticketnew.com Rs 125 off ... Read More »

How to link mobile phone number to Aadhaar

Last updated : 29th October, 2017 As per the recent government directive, all the existing customers have to link Aadhaar with their mobile numbers. Aadhaar-based e-KYC is essential for subscribers going for new SIMs. Further, the government has asked mobile operators to re-verify existing prepaid and postpaid customers, with the help of the 12-digit number. The re-verification exercise is scheduled to be completed by early 2018. In case you don’t complete the process before Feb 2018, services on your mobile will be  disconnected as per the directive from Government of India. So, if you have to link your airtel mobile ... Read More »

How to buy / invest in diamonds through SIP

Last updated : 29th October, 2017 Now , you can invest in Diamonds  by investing small amount through SIP option. Like mutual funds and gold funds, you can now buy diamonds in SIP format through ICEX. Indian Commodity Exchange (ICEX) is the world’s first diamond trading exchange. Key Features: The ICEX is starting trading in diamond contracts of three different sizes -30 cents, 50 cents and 100 cents (1 carat). The diamond is of HVS2 quality, which is one of the largest-traded quality of diamonds. HVS2 quality, which is one of the largest-traded quality of diamonds. Also, the diamond that investors ... Read More »

HDFC Standard Life Insurance IPO – Analysis, Details,Opening Date, Issue Price, Allotment Status, Listing

Last updated : 29th October, 2017 HDFC Life is one of the leading life insurer in India, offering a range of individual and group insurance solutions. Its portfolio comprises various insurance and investment products such as Protection, Pension, Savings, Income and Health. Issue Details of HDFC Life Insurance IPO:    IPO Open:  7th Nov – 9th Nov 2017 Issue Price band: Rs 275 – Rs 290 Issue Size:  Rs 8700 crore Market lot:   shares Minimum Investment:  (Rs per share) Max Investment for Retail Investor – xx shares Book Running Lead Managers:   Edelweiss Registrar: Karvy Listing: BSE/NSE Download – HDFC Life ... Read More »

Khadim India IPO Review – Analysis, Details,Opening Date, Issue Price, Allotment Status, Listing

Last updated : 28th October, 2017   Khadim is one of the leading organized footwear retailers in India and involved in whole-selling and distribution of branded basic utility footwear. Khadim’s has grown to 829 Khadim’s branded exclusive retail store outlets as on March, 31,2017 in 23 states and 1 Union Territory nationally Issue Details of Khadim India IPO:    IPO Open:  2nd Nov – 6th  Nov 2017 Issue Price band: Rs 745 – 750 Issue Size:  Rs crore Market lot:   20 shares Minimum Investment:  15000 (Rs 750  per share) Max Investment for Retail Investor – xx shares Book Running Lead Managers: ... Read More »

New India Assurance IPO Review – Analysis, Details,Opening Date, Issue Price, Allotment Status, Listing

Last updated : 28th October, 2017   New India Assurance Company is a 100 % Govt owned multinational general insurance company. Issue Details of New India Assurance IPO:    IPO Open:  1st Nov – 2nd Nov 2017 Issue Price band: Rs 770 – 800 Issue Size:  Rs 9600 crore Market lot:   18 shares Minimum Investment:  14400 (Rs 800 per share) Max Investment for Retail Investor – 234 shares Book Running Lead Managers:   Axis Capital Registrar: Link Intime Listing: BSE/NSE Download – New India Assurance IPO Red Herring Prospectus New India Assurance IPO Grey market Premium : 22.10.2017 GMP Rs  ... Read More »

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