If you are a first time investor or an existing investor in Mutual Funds, completing KYC (Know Your Customer) formalities is mandatory. This includes submission of KYC form, ID proof, PAN copy, address proof and IPV (In-Person Verification). Know Your Customer (KYC) is a onetime exercise made mandatory to invest in Mutual Funds. Sometimes getting […]
Archives for October 2015
6 Things To Do while Applying For a Housing Loan
Buying a house is a major decision and has an implication on the finances of an individual. Therefore, it becomes amply important to take necessary steps before applying for a housing loan. Following are six must do things before one signs on a home loan application. Check List before applying for a Housing Loan Check your […]
RBI’s statistical data on Households Savings & Investments (2015)
Recently the RBI (Reserve Bank of India) released ‘Handbook of Statistics on the Indian Economy-2015.’ This handbook is available to the public and is updated every year. Based on this handbook, I have tried to collate some important / interesting points and trends related to Personal Finances like – Financial Savings of Households, total investments […]
How to fill new Form 15G / Form 15H?
The Central Board of Direct Taxes (CBDT) has recently issued a notification regarding the new format and declaration procedure of new Form 15G & Form 15H. The revised procedure has been made effective from the 1st October, 2015. Tax payers seeking non deduction of tax from certain incomes are required to file a self declaration in Form No. 15G […]
