How to Series - Wealth18.com

Apr92014 by wealth18.comNo Comments

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

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

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...

Apr82014 by wealth18.comNo Comments

NEFT & RTGS Transfer – meaning, differences, charges & process

How to Series

In banking context, you must have heard phrases like “NEFT transfer”& “RTGS”. In this post, we will discuss – what is NEFT & RTGS, how they are different, charges, and process of using NEFT & RTGS etc. A. What is NEFT & RTGS? National Electronic Fund Transfer (NEFT) and Real Time Gross Settlement (RTGS) are two main system of transferring funds from one bank to another. These systems are managed by RBI and it allows transferring funds across banks within the country. B. NEFT - National Electronic Fund Transfer NEFT operates on a deferred net settlement (DNS) basis and settles transactions in batches. All transactions received till a particular cut-off time is settled in batches. Presently, NEFT operates in hourly batches - there are twelve settlements from 8 am to 7 p...

Jan12014 by wealth18.comNo Comments

How to use Sweep-in facility in HDFC bank via netbanking?

How to Series

In my other post,I explained How you can earn upto 9% on your savings bank account using Auto sweep / sweep-in facility (Read Full Post). In this post, I have provided step-by-step guide to use the sweep-in facility in your HDFC Bank Account via NetBanking. HDFC Bank provides this facility to all its customers who have NetBanking facility. (holding pattern should be SINGLE & not Joint). I have savings account with HDFC bank and it is very simple to use this facility. Step 1: Go to “Fixed Deposit” Section – Open Fixed deposit Enter – Nature of Deposit – Reinvestment of Interest Step 2: Activate Sweep-in on this FD Once the FD is made online, then go to Option – “Fixed Deposit Sweep-in” and enable the Sweep-in on that FD. It will allow sweep-in the amount from this FD to Sa...