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Author Archives: wealth18

Free Gift for using ICICI Internet Banking

Last updated : 11th June, 2014 Login to ICICI Bank Internet Banking for the first time to activate your account and get a tie or stole worth Rs 999 and a voucher worth Rs 500. which is redeemable on shopping of Rs.3000/- & above. To activating your Internet Banking, follow the below mentioned simple steps to avail the offer. How to avail this offer:     Visit     Use promo code PROSTYLEIC and choose a tie or a stole     Enter your address,contact details and select payment method ‘ICICI Internet Banking’     Click on ‘Place order now’ and pay Rs ... Read More »

Extra points for International purchases or travelling by using ICICI Debit Card

Last updated : 11th June, 2014 Earning Points –  While traveling abroad, use ICICI Debit Card abroad for shopping,dining, ticket booking  and earn 10 points for every Rs 200 spent. Also applicable on purchases made on International websites. Redemption – The earned Reward Points can be redeemed at and at PAYBACK partners like Big Bazzar, MakemyTrip and also Gift vouchers for many more. Editor’ s Note –  When you make an expense of Rs 2000o on International purchases, you will get 1000 Payback points.  Normally, 1000 points can be redeemed for voucher worth Rs 250. It means, you will ... Read More »

ICICI Bank NetBanking / Debit Card / Credit Card Offers on Online Shopping

Last updated : 11th June, 2014ICICI Bank Offers following discounts on Online Shopping at various retailers if payment is made through ICICI Bank Debt Card / Credit Card / NetBanking and using promo codes   eBay Offer Additional 6% off Maximum Discount Rs 500 Code :Net Banking “ICICIN2014” & Credit Card “ICICIC2014″ & Debit Card”ICICID2014” Expires on 30/06/2014 Jabong  UP TO 30% OFF on minimum purchase of Rs 1599 CODE – ICICP30PJB + 2 MOVIE TICKETS Applicable on Apparel, Shoes, Bags, Fragrances, Home & Furniture Sunglasses, Jewellery (except gold and precious), excluding Nike, Adidas, Casio, Puma Expires on 30/06/2014 ... Read More »

Bulk Deals by Mutual Funds in 2014

Last updated : 11th June, 2014 In this post, I am trying to list all the Bulk deals done by Mutual Funds in India. This gives an idea of what Mutual funds are betting on. Bulk Deals by Mutual Funds in June 2014 EXC Date Company Client Tran Qty Traded Price BSE 10-Jun-14 Kirloskar Ferro ICICI PRUDENTIAL MUTUAL FUND Sell 782567 38 BSE 09-Jun-14 Prism Cement HDFC MUTUAL FUND Buy 12107022 71.5 NSE 06-Jun-14 Gateway Distri ICICI PRUDENTIAL MUTUAL FUND Buy 1000000 228 BSE 05-Jun-14 Praj Industries HDFC MUTUAL FUND Buy 11000000 75 Bulk Deals by Mutual Funds in May ... Read More »

Companies can accept deposits without deposit insurance till 31.03.2015

Last updated : 11th June, 2014 In view of the suggestions received from the stakeholders to give transitional period for complying with the deposit insurance requirements, the amendment in the relevant rule has been made allowing companies to accept deposits without deposit insurance for one year i.e. till 31.03.2015. Ministry of Corporate affairs Notification dated 6 June 2014. Background The Companies Act, 2013, which became effective from April 1, 2014, makes it mandatory for companies to buy insurance cover for fixed deposits, in the absence of which they will have to pay penalty. As of now not a single insurance ... Read More »

RBI simplifies KYC norms for opening of bank accounts – Local Residence Proof Not Required

Last updated : 11th June, 2014 RBI has now relaxed the Address proof requirements for opening Bank Account. Now, a bank account can be opened with just one address proof, permanent or local.  This will help migrant workers and employees with transferable jobs who at present face cumbersome procedure to access banking services. RBI said that only one documentary proof of address (either current or permanent) will be required while opening a bank account or while undergoing periodic updation. In cases where customer is not able to furnish local proof of address, the bank may take a declaration of the ... Read More »

Employer can cap PF contribution limit to Rs 6500 Basic Salary – New EPFO Notification & Supreme court ruling

Last updated : 7th October, 2016 As per New Notification issued by EPFO & Supreme court ruling, Employer can cap PF contribution limit to Rs 6500 Basic Salary. On May 27, 2014, the Employee Provident Fund Office issued a circular permitting Companies to limit its PF contributions against the required salary ceiling limit of INR 6,500 per month. Earlier, such PF contributions was calculated as 12% of Basic Salary. Under Provident Fund (PF) regulations, PF is computed at 12% (for both the employer and employee contributions) against ‘basic wages’. The minimum statutory limit against which such PF is to be computed ... Read More »

Major Stock Deals / Top Brokerage Recommendations

Last updated : 30th June, 2014Recommendations (11 June-2014) TVS Motor  ( Deutsche) Grasim   (JPMorgan) Kotak Mahindra Bank (Deutsche) Maruti Suzuki   (Target Rs 2900 – Bank of America Merill Lynch) Sun Pharma ( Target 717 – Barclays) Bharti   ( Target 415  – CLSA)   PTC India –    Macquarie Emerging Markets Asian Trading PTE Limited bought 15,76,800 shares @ 100.58 Strides Arcolab –   Morgan Stanley Asia (Singapore) PTE bought 3,26,212 shares @ 623.62 Logix Microsystems –   Morgan Stanley Asia Singapore PTE bought 5,69,428 shares @ 12.51 Prism Cement – HDFC MF bought 1.21 crore shares @ 71.50 Gateway Distriparks – ICICI MF ... Read More »

RBS top Stock Picks for Medium to Long term

Last updated : 11th June, 2014 RBS has released a list of stocks which they think will outperform the market in medium to longer term 1. Indian Olympians II – can give 5% more return than Index ASIAN PAINTS BATA CUMMINS CRISIL DABUR DIVI’s lab HDFC BAnk INFOSYS Sun Pharma TCS 2. Opportunist – can give 10-50% returns GVK POWER CROMPTON IVRCL TEXMACO GUJARAT PIPAVAV   Read More »

ICICI Bank NetBanking / Debit Card / Credit Card Offers on Holiday Packages & Flight+Hotel Booking

Last updated : 5th June, 2014 ICICI Bank Offers following discounts on n Holiday Packages & Flight+Hotel Booking if payment is made through ICICI Bank Debt Card / Credit Card / NetBanking and using promo codes MakeMyTrip Holiday Packages     Domestic Holidays 4% cash back       Maximum cash back Rs 8000 per booking ID (Online)     Use Deal Code – ICICIFDH     Maximum cash back Rs 2000 per booking ID (Online)     Use Deal Code – ICICINDH     International Holydays 6% cash back     Maximum cash back R 3000 per booking ID (Online)     Use Deal Code – ICICIIH Steps ... Read More »

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