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Author Archives: wealth18

Sukanya Samriddhi Account Birth Certificate Alternative

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Last updated : 5th June, 2015 In this post, I am explaining about the alternatives to open Sukanya Samriddhi Yojana if you donot have the child’s birth certificate. Sukanya Samriddhi Yojana is new saving scheme announced in Jan 2015 for saving money for the girl child’s education and marriage. (Read Post –Sukanya Samriddhi Account – Features & Review) Features of Sukanya Samriddhi Account The account can be opened when your girl child is born till she attains 10 years of age, Minimum deposit per year – Rs 1000 & Maximum deposit per year – Rs 150000 Interest rate applicable on this ... Read More »

How to open Sukanya Samriddhi Yojana Account in SBI

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Last updated : 1st June, 2015 Many of our members are finding challenges in opening Sukanya Samriddhi Account with Banks as the bank officials are not aware of the formalities to open account in SBI. In this post, I am going to explain how to open SSY Account in SBI. Sukanya Samriddhi Yojana is new saving scheme announced in Jan 2015 for saving money for the girl child’s education and marriage. (Read Post –Sukanya Samriddhi Account – Features & Review) Currently Sukanya Samriddhi account can be opened from Post office. RBI has notified 28 banks which are authorized to open Sukanya ... Read More »

Hurry – you can file income tax returns for last 2 years by 31st March

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Last updated : 15th August, 2015 Update June 2015 –  As per new circular, you can file application to claim refund for last 6 years. Read the post at the link.  You must be aware that due date for filing your income tax returns in 31st July. However, sometimes taxpayers fail to file their returns on time.  But you can file the belated returns for last 2 years by 31-3-2016. If you have received compliance notice for non-filing of returns, please read the post below http://wealth18.com/notice-received-from-income-tax-department-what-to-do/ What are your options, if you have not filed returns by due date of ... Read More »

Jewellery Offers with ICICI Debit Card

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Last updated : 28th May, 2015 Shaze Offer –   Flat 10% discount at www.shaze.in across all product categories. Offer valid up to August 31, 2015 Steps to avail of the Offer: Log on to www.shaze.in Customer shall Select Shaze luxury Retail Pvt Ltd  per given categories at the website Customer shall make the payment through payment through the ICICI Bank Cards / Netbanking services only.   Satyug Gold  –   Flat 15% discount on Gold jewellery and products at www.satyuggold.com. Valid till October 31, 2014. Customer has to visit www.satyuggold.com. Purhase jewellery of your choice. Pay using ICICI Bank Debit Cards ... Read More »

Top Banking Stock Picks by Nomura

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Last updated : 27th May, 2015 As per the recent Nomura report (published in ET), Nomura expects a 21 per cent PAT CAGR for private banks and 27 per cent for PSUs in FY15-17F (after remaining flat for five-six years). Retail banks have already started to see a pick-up in retail credit offtake. For corporate banks, Nomura believes earnings will pick up in 2HFY16F with better corporate or fee growth and lower credit costs. The brokerage firm expects reforms and various government initiatives to reflect in bank earnings from 2HFY16F. Top Picks from Nomura Read More »

Top Large cap and Midcap picks by Citigroup

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Last updated : 27th May, 2015 Citigroup has issued its latest report and has adjusted its December-end target for the Sensex to 32,200 from 33,000 earlier. They have also introduced a Jun16 target of 35,000. The equivalent Nifty targets are 9,760 for Dec-15 and 10,600 for Jun-16. he bank has marginally tweaked their model portfolio to factor in changes – raise the banks overweight (OW) further, maintain – auto, cement and pharma as OWs, and additional upgrade telecom / internet from Neutral to OW. Top large-cap picks include names like Adani Ports, Aurobindo Pharma, Axis Bank, Bharti Infratel, Coal India, ... Read More »

India’s Top 10 Investors / Public Shareholders

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Last updated : 27th May, 2015 CNBC has issued a report on India’s top 10 Individual investors or Public shareholders. These investors together hold shares that are valued at over USD 2 billion. Sr. No Shareholder Top Stocks Value of portfolio (Rs Crore) 1 Rakesh & Rekha Jhunjhunwala Titan, Lupin, CRISIL, NCC, Rallis check his latest portfolio 8,331 2 Anuradha Mahindra Kotak Mahindra Bank 1,740 3 Rajiv Rattan IndiaBulls Housing Finance, IndiaBulls Ventures 876 4 Ashish Dhawan Greenply, JB Chem, Greenlam, IIFL 782 5 Yusuffali M. A Federal Bank, South Indian Bank, Dhanlaxmi Bank 559 6 Prof. Shivanand Shankar Mankekar ... Read More »

Gold monetization scheme 2015 Review – Things to know

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Last updated : 20th May, 2015 Gold monetization scheme (GMS) is announced by Finance Minister Arun Jaitley in the Union Budget 2015-2016. Now the Government has release the Draft guidelines for implementing this gold monetisation scheme. According to the government, gold deposit accounts will utilise the 20,000 tonnes available within the country and help in cutting down the 800-1,000 tonnes of gold the country ships every year. What is Gold monetisation scheme? In simple terms, it is a scheme that allows people to deposit the gold / jewellery and earn Interest on their Gold Account. A.  Key Features of Gold ... Read More »

Punjab National Bank (PNB) to open Sukanya Samriddhi Account – SSA Yojana scheme

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Last updated : 1st May, 2015 The Punjab National Bank has started opening Sukanya Samriddhi Scheme accounts.The scheme is available at 1,604 PNB branches across India. PNB is the first bank to do so after the scheme was formally launched in January this year. RBI sent a circular to 28 banks regarding operational guidelines of the Sukanya Samridhi scheme in March 2015, but no other bank has rolled out the scheme till now, except PNB. PNB said that the scheme will be available in 1604 branches but the did not provided the list yet. However, they provided a centralised customer ... Read More »

Income Tax Rates / Tax Slab for FY 2015-2016 (AY 2016-2017)

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Last updated : 29th April, 2015 Income Tax Slab / Rates applicable in India for Individuals, Hindu Undivided Family (HUF), Association of Persons (AOP) and Body of Individuals (BOI): For Individuals below 60 years age (including Woman Assessees)     upto Rs 2.50 Lakh NIL Rs 2.50  lakh – Rs 5 Lakh 10% on amount exceeding Rs 2.50 lakh Rs 5 lakh – 10 Lakh  Rs 25000 + 20% of amount exceeding Rs 5 Lakh above Rs 10 akh Rs 125000 + 30% of amount exceeding Rs 10 lakh   For Individuals aged 60 years and above but below 80 ... Read More »

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