Category: How to Series

[How to] Invest in Mutual funds in India – online / offline options

Last updated : 15th March, 2017 Mutual funds are one of the best options for Retail investors to invest their money in different asset classes. It gives benefit of professional management of your money, offers liquidity, allow diversification and tax benefits. A.   Quick overview of process to Invest in Mutual funds 1) Submit KYC

CKYC –  (Central Know Your Customer) mandatory for new Mutual fund investors

Last updated : 11th February, 2017 From Feb 1, 2017, new investors in mutual funds will have to do CYKC (Central Know Your Customer) before investing. The CKYC will replace the existing KYC.   What is CKYC? Central KYC Registry, or CKYCR, is the new central KYC process that will replace the multiple KYC process

[How to ] check and respond Income Tax Notice for large Cash deposit

Last updated : 11th February, 2017 Income Tax department has launched “Operation Clean Money / Swachh Dhan Abhiyan initiative., to investigate the large cash deposits made after demonitization. They are sending notices to more than 18 lakh people. If you have deposited large cash after demonitoization, the chances are that you will or may already

BHIM App – How to Setup, Use, Transfer Money – Step by step guide

Last updated : 2nd January, 2017 Prime Minister Narendra Modi launched BHIM app on last Friday for promoting cashless transactions. BHIM (Bharat Interface for Money) is a mobile payment app and an aggregator for all UPI Based services offered by banks.  BHIM is a digital payments solution app based on Unified Payments Interface (UPI) from

Pradhan Mantri Garib Kalyan Yojana (PMGKY) 2016 – Undisclosed Income declaration deposit scheme

Last updated : 24th December, 2016 Pradhan Mantri Garib Kalyan Yojana (PMGKY) – Undisclosed Income declaration deposit scheme Government has brought in second income disclosure income called Pradhan Mantri Garib Kalyan Yojana. The new IDS has been notified along with other provisions of the Taxation Laws (Second Amendment) Act, 2016, on 16th December and has