Day: April 9, 2014

Are you still lining up in long queues to make the LIC premium payment ? Are you not using the online feature to make the LIC Premium payment. In this post, I will explain the steps to make the LIC premium payment online. You can pay LIC premium online if you are registered user on LIC Portal or without any registration - (LIC has started this new feature)  A.  For making payment after Registration on LIC Portal Registration on LIC portal is simple. Just follow the 2 steps mentioned in my earlier post -  How to register on LIC Portal  https://www.licindia.in/online_payment.htm Once you logon to LIC portal, you will see the “Pay Premium online” link on right hand side. Click on the ‘Pay Premium Online” link and you will see a list of enrolled policies. Select the policies for w...

PPF is a risk-free and tax-free investment product that provides reasonably good returns. Read my other Post on -Why Should you invest in PPF You can open a PPF account either directly through a post office or through a bank. Opening a PPF Account with a bank is lot more convenient than through a Post Office. This is  because a PPF Account with a bank facilitates online funds transfer from your savings  account to your PPF account. ICICI Bank Limited has been authorised by the Ministry of Finance to open PPF Account & now ICICI bank offers facility to open PPF Account online. ICICI Bank customers can open their PPF accounts online through their ICICI Bank Savings account if they have net banking facility. Once customers open their PPF accounts, they can view, access or print their...

In today’s net savvy world, visits to banks are becoming less and people are interested in transacting online.  You can also transfer funds to your PPF account online if you have PPF account in SBI or other Banks. You can deposit money in PPF account online via netbanking. If your PPF account is in Post office, then such online funds transfer is not possible. In my last post, I concluded that PPF is one the safest, tax eficient long term investment. Read the complete article. Scenario 1: If your PPF Account is in SBI & Saving Account is in another bank 1: Logon to your Savings account netbanking (ICICI/ HDFC/ any other bank) 2. Add your PPF account as “Third party Beneficiary” so that you can transfer funds to it a) Enter Payee Name – Same as Name in PPF Account b) Select SB...