Sai Digital Magazine » Money

Jail for Cheque bounce, now for ECS bounce cases too: RBI

Madhu — Mon, 10 Oct 2011 12:01:34 +0000

Punishment for cheque bounce is nothing new but what is making news is the new ruling made by RBI that punishment can also be imposed if the ECS mandate bounces. With the advent of Internet Banking most people have used the ECS method to pay their loan EMI’s, monthly utility bills etc. What ECS does [...]

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Bearer cheque and Order chequeWhen you apply for a new cheque book, either by visiting the branch or online,...
Crossing a Cheque and Endorsing itIn a previous post about differences between a bearer cheque and an order cheque, we...
How to pay LIC premium through a chequeVisiting the LIC of India office, taking the challan there and writing stuff on it...
Validity of Cheque, DD, Pay Order in India (3 months from 2012)In an attempt to reduce the misuse of Cheques (and sometimes DD’s and Pay Orders),...
RBI lifts interest rate limit on Savings bank account; Yes raises to 6%Well, the increase of base rates by RBI just before the day of Diwali may...

Term Insurance plans with premium back facility (RoP low premium)

Madhu — Tue, 06 Sep 2011 02:28:52 +0000

When the business of insuring people first came up, all plans were purely on term basis. You pay to cover you for the term you chose and in case any thing happens in between, you get the Sum Assured. In case you survive till the end of the term, you get nothing. Later, insurance products [...]

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How to get an Insurance policy for a low premium?We all take Life Insurance policies to keep our families secure in case any fatal...
LIC Online term Insurance policy (Compare other plans)If you are researching to take a term policy, you’ll mostly end up taking up...
LIC children plans – Child Career planLIC Child career plan- As the name suggests, this plan is specially designed to meet...
ICICI Pru Single Premium PolicyOne unique advantage of the Single premium type policies is that you only need to...
What does Sum Assured mean in Insurance?When you are dealing with Life Insurance, it is inevitable that you stumble across the...

LIC Online term Insurance policy (Compare other plans)

Madhu — Sat, 03 Sep 2011 11:00:14 +0000

If you are researching to take a term policy, you’ll mostly end up taking up a policy that belongs to some Insurance company other than LIC. The Public sector Insurer stands among those companies that charge highest amounts for a term plan and that’s obvious since it has huge number of policy holders to maintain. [...]

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All the content you see here is exclusively copyrighted to Sai Digital Magazine and is meant for personal usage only. If any one is found to be republishing the content in full or in parts for any purpose including commercial ways, strict legal action would be taken.

Term Insurance plans with premium back facility (RoP low premium)When the business of insuring people first came up, all plans were purely on term...
LIC Jeevan Saral PolicyLIC Jeevan Saral is an Endowment Assurance plan where the death benefit is directly related...
Reviving a Lapsed LIC PolicyGot your LIC policy lapsed? Here is your one time chance to revive your policies...
LIC Wealth Plus Unit Linked Policy reviewAds are roaring in TV sets, News Papers, Bill Boards about LIC Wealth Plus Unit...
Which LIC Policy to choose?LIC of India already has several tens of policies to offer to suit the needs...

Central Bank of India Cent Double scheme (deposit doubles in 7 ½ yrs)

Madhu — Wed, 31 Aug 2011 02:28:51 +0000

People normally (and obviously) get attracted when they see schemes that ‘double their investment’ in so and so years. And naturally, where there is greed, there is place for risk too. Till this time, these kind of offers used to come from little known companies that came under this ‘high risk’ category. But, if the [...]

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SBH Double scheme: Deposit money doubles in 83 monthsYour money doubles in 87 months. That should attract quite a few people out there....
PPF account vs special bank deposit schemes (money doubles): AnalysisDeciding between a mouth watering bank deposit schemes and a PPF account is always a...
Difference between Bank fixed deposit and term depositAll banks today offer both term and fixed deposit schemes. Although they may sound to...
New Federal Bank term deposit scheme: 9.5% interest for 200 daysGoing for short term deposits in banks’ is a good idea when you need liquidity...
Central bank of India Probationary, Agriculture finance officer recruitmentCentral bank of India, a premier public sector bank in India requires 805 Probationary officers...

SBI Gold fund FOF NFO closes on 5 September 2011

Madhu — Mon, 29 Aug 2011 11:30:18 +0000

Equity markets across the world are tumbling and investors looking for safe investments are looking at Gold. Which only means that Gold price increases as the investment in it increases. For those who can’t afford purchasing Gold in big amounts can look at investing in Gold Exchange Traded Schemes (GETS) or FOF’s (fund of fund) [...]

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SBI Gold Coins PricesState Bank of India (SBI), the largest Bank in India offers attractive Gold coins for...
SBI loans against Gold and propertyState Bank of India (SBI), offers loans against your Gold Ornaments and Mortgage or Immovable...
SBI Gold deposit SchemesIf you have Idle Gold with you that which may not be in use for...
ICICI Bank Gold coinsSimilar to SBI Gold coins, ICICI Bank too provides gold coins through its Branches. Price...
Post Office Gold coin discounts and festival offersGold prices are off its high point and in case you think you should buy...

L&T finance (LTFH) final issue price and Allotment status

Madhu — Sun, 31 Jul 2011 06:41:02 +0000

Those who have applied for L&T finance holding ltd (LTFH) IPO, there is good news. At the end of the issue period, the IPO got subscribed 5.34 times. This isn’t the good news, but the matter is that the final issue price is decided as Rs.52 on 30 July (post issue modification date). Generally when [...]

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L&T Finance holding IPO Price range, recommendation & applicationAt a time when equity markets are struggling on the back of bad news flowing...
SBI Feb 2011 Bonds allotmentIf you’ve applied for the Rs.2000 crore SBI bonds issue, here’s something that you should...
Power grid FPO Basis of AllotmentPower Grid Corporation of India Ltd, which has finished its FPO a good week and...
State Bank of India Bonds issueIt is very evident by now that those who applied for the SBI Bonds from...
PFC Long term Infra Bonds issueWondering what other options you have to save tax apart from your PPF Account and...

L&T Finance holding IPO Price range, recommendation & application

Madhu — Thu, 28 Jul 2011 11:28:52 +0000

At a time when equity markets are struggling on the back of bad news flowing in day after day and at the time when there is a complete dearth of good IPO’s, here’s L&T Finance Holdings Ltd (LTFH), with its Initial Public Offering (IPO) trying to bring back some attention of investors. L&T Finance holding [...]

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L&T finance (LTFH) final issue price and Allotment statusThose who have applied for L&T finance holding ltd (LTFH) IPO, there is good news....
Muthoot Finance IPO open from todayMuthoot Finance Limited (MUTHOOT), which received good reviews from analysts, is open for subscription from...
Muthoot Finance subscription and allotmentLiving up to its rating of 4/5, the Muthoot Finance Limited IPO (MUTHOOT) has received...
Paramount printpackaging IPOAfter Muthooth Finance, we have another IPO coming up this week, its from Paramount Printpackaging...
Sanghvi Forging & Engineering IPOIt may not be a season of big Public Sector issues, but there is no...

Bank Deposits Vs Company Fixed deposits, Interest rate and safety

Madhu — Sat, 23 Jul 2011 02:23:41 +0000

Companies raise money through different channels, IPO’s, FPO’s, issuing bonds and from time to time, you also find them raising money through Fixed Deposits, such as this JP Associates Fixed deposit scheme. On almost all occasions, you will find that the interest on deposits offered by companies is more than that of prevailing Bank rates. [...]

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Post Office fixed deposits Vs Bank FDChoosing between Post Office and a Bank for your fixed deposit needs (or also called...
EPF Interest rate fixed at 9.5% for 2010-11Good news for EPF account holders, the interest rate for EPF accounts for the year...
SBI offers 8.5% interest rate for short term deposits (7 to 180 days)Have plenty of money (over Rs.1 crore) but can’t deposit it for a long term...
RBI lifts interest rate limit on Savings bank account; Yes raises to 6%Well, the increase of base rates by RBI just before the day of Diwali may...
New Federal Bank term deposit scheme: 9.5% interest for 200 daysGoing for short term deposits in banks’ is a good idea when you need liquidity...

Sony to buy-out ETV Network channels?

Madhu — Sat, 16 Jul 2011 11:30:37 +0000

There’s an interesting article in Business Standard. It reads that Multi Screen Media (MSM) which runs business in India on behalf of Sony Television, is all set to buy 11 channels belonging to the Ramoji Groups’ ETV network. The talks are in finishing stages and they say, an announcement regarding the same is coming any [...]

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Sony Ericsson Diwali offersWhile other mobile brands have already launched their promotions for this festive season, one was...
Videocon D2H 12 HD Channels (1080i) list- Best DTH for HDSure Videocon D2H may be the last one to enter the DTH arena but it...
HD Channels in IndiaPulled by the catchy ads, people are flocking to buy a HD TV along with...
Sony X Factor show selection processWhile Indian Idol 6 is clearly few months away, wanna be singers have another show...
Use MNP to get into a 3G NetworkDidn’t your mobile operator get 3G license for your circle? Well, you certainly have something...

SBI new hiked interest rates from 11 July

Madhu — Tue, 12 Jul 2011 11:29:15 +0000

Starting from 11 July 2011, State Bank of India, will have its interest rates according to the revised rates as follows: 7 to 90 days: 7% 91 to 179 days: 7.25% 180 to 240 days: 6.5% 241 to less than 1 year: 7.75% 1 to <2 years & 2 to <3 years & 3 to [...]

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SBI Term deposit Interest ratesFollowing the Monetary changes made by the Reserve Bank of India, SBI, the country’s largest...
New Post Office schemes interest rates: MIS, NSC; No KVPIncreasing Post Office PPF interest rate to 8.6% isn’t the only change the Government has...
SBI Student Loans Interest ratesIf you are a student in look out for loans for your Higher studies (like...
SBI Tax saving long term depositsIf you want to save tax, apart from the first choice of opening a PPF...
New Federal Bank term deposit scheme: 9.5% interest for 200 daysGoing for short term deposits in banks’ is a good idea when you need liquidity...