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Sameer KapoorParticipant
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September 4, 2017 at 9:02 pm in reply to: What is the procedure of becoming post office agent #223891Sameer KapoorParticipantTheir is an immense scope in marketing financial products. One can earn handsome and regular income by selling financial products like Mutual Funds, Insurance, Stock Markets, Corporate Fixed Deposits, etc. One can see details about starting a financial distribution business with Elite Wealth Advisors Ltd. See details at ba.elitewealth.in or Free to Call at 9650901058
- This reply was modified 6 years, 8 months ago by Sameer Kapoor.
November 20, 2014 at 8:17 pm in reply to: For my financial planning do I need to purchase house #48509Sameer KapoorParticipantAll the rentals paid by you during your lifetime will be a waste and you won’t be accumulating any wealth out of these rentals. I strongly recommend you to purchase house property.
November 20, 2014 at 10:55 am in reply to: Confused between different available options of buying house #48491Sameer KapoorParticipantYou should go with 2nd option. Invest Rs. 10 to 20 lakhs in FD and remaining amount in equity funds for 20 years to enjoy benefit of long term investment.
Sameer KapoorParticipantThe fund is good and your decision to switch to direct plan is also recommendable as expenses will be low in that case. For such transactions, rate of STT is 0.001%.
November 19, 2014 at 7:05 am in reply to: When will I get withdrawal facility from SBI maxgain account #48503Sameer KapoorParticipantOnce you will get full disbursement of your loan, you can ask your loan serving branch to give transaction rights in connection with your account.
Sameer KapoorParticipantClosing an account is a simple task. You have to visit the branch, fill account closure form and your account will be closed within 10 – 20 minutes. Don’t leave it as it is otherwise it will have negative impact and it will impact your CIBIL report.
November 18, 2014 at 8:31 pm in reply to: As investing the personal loan amount beneficial proposition #48499Sameer KapoorParticipantPersonal loan is usually available at an annual rate of interest of 15 ? 26% and rate of interest for fixed deposit lies between 9 to 9.5% annually. So, where lay the benefit and earnings?
November 18, 2014 at 3:58 pm in reply to: Can I get loan for construction on my father’s land #48501Sameer KapoorParticipantYes, the bank can approve your home loan application. But in that case you will not be eligible to take tax benefit on EMIs.
Sameer KapoorParticipantThere are in number of options available. You can go for recurring deposits, mutual funds via SIP, PPF, etc. But the right choice of option depends on your risk taking ability and goal of investment.
November 18, 2014 at 7:48 am in reply to: Is the interest below Rs. 10,000 on recurring deposit taxable #48467Sameer KapoorParticipantThough your bank will not deduct TDS on interest of recurring deposit, but the amount will be taxable in your hands.
Sameer KapoorParticipantIn my view, splitting the amount in 8 FDs of Rs. 1 lakh each would be a better choice. Reason 1 ? FDs for a maximum of Rs. 1 lakh are insured against bank’s bankruptcy. Reason 2 ? In case of need of money, you ca do with breaking a single FD rather than breaking a FD for Rs. 8 lakhs.
November 12, 2014 at 9:29 am in reply to: A query related to minimum contribution to keep PPF active #48343Sameer KapoorParticipantPPF considers financial year beginning 1st April to 31st March as their year of contribution. So between these dates and day you can contribute minimum amount in your PPF account to keep it active. Maximum 12 contributions are allowed in a year.
November 12, 2014 at 7:34 am in reply to: Query on interest calculation of SBI’s Multi Option Deposit #48351Sameer KapoorParticipantYou can find answers to all your queries on the link http://www.onlinesbi.com/sbijava/osbi_etdr_mod_faq.html
November 11, 2014 at 11:10 am in reply to: I want to know the process if closing demat account #48337Sameer KapoorParticipantIf you are not interested in selling your bond and shares, then open another demat account, transfer your holdings from ICICI Direct to new account. Once this is done, you can request ICICI direct to close the account.
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