9 April 2014 - Wealth18.com

Apr92014 by wealth18.comNo Comments

[How to] pay LIC premium online – with & without Registration

How to Series

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...

Apr92014 by wealth18.comNo Comments

[How to] Change PAN Card Address – Online & Offline Process

How to Series, Taxation

Have you moved house recently or joined in new company in new city, make sure you also update your current address in your PAN Card. Address on your PAN Card is your primary contact address for Income Tax department, so it is important that you keep it updated. Updating PAN card address is simple - You just need to submit the prescribed form with ID & address proof and nominal fees. Below are the steps / process for updating the address in your PAN Card. You an submit the PAN Change Form either Online or Offline 1. Submit PAN Address Change Form Online a) Use the form - Online Application for Changes Or Correction in PAN Data (PAN Change Request Form) https://tin.tin.nsdl.com/pan/correction.html b) IMP: Make sure than you “TICK” the Box at Left Hand in Point No 7 – Address for Co...

Apr92014 by wealth18.comNo Comments

Transfer money to India – Best Exchange Rates Comparison

NRI

Over the last 1 year, Indian Rupee has depreciated against major currencies like USD, GBP etc the exchange rate is quite good if you want to convert foreign currency into INR and send money to India for Savings or Investment. So, What is the best way to transfer your money to India and get best exchange rates for your hard-earned money ? In the table below, I have included the Exchange rates indicated for GBP = INR by various money transfer services: Various Options to transfer money to India from UK, USA, Canada, Singapore, Australia, UAE, Europe & other countries 1. Transfer through Indian Banks having Branches abroad Normally, Overseas branches of Indian PSU banks give better exchange rates for transferring money to India. In my experience, SBI in UK offers the best exchange r...

Apr92014 by wealth18.comNo Comments

How to open PPF Account online at ICICI Bank

How to Series

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...

Apr92014 by wealth18.comNo Comments

[How to] transfer funds to PPF account online

How to Series

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...