Indian Bank Demat Ac: Fill & Download for Free

I can tell some life hacks in India related to banking and finance in India from my personal experiences:Avoid paying with debit/credit card on petrol pumps, use cash or some wallet(like Paytm etc), especially if your bill is less than Rs. 500, unless you are absolutely sure that you won’t be charged “fuel surcharge”. This is because a fuel surcharge of 2–3% might be added to your bill if you pay by card(unless it is waived by your bank/card or for a certain minimum spend) to compensate for the Visa/MasterCard transaction fees, which otherwise the petrol pump owner would have been paying. Read more here:What is fuel surcharge in India?Edit: Some people commented that it was permanently waived after demonetisation.AFAIK, the waiver was temporary till Dec 31 2016 as this article says.https://timesofindia.indiatimes....Also, some comments have said that it is waived by most public sector banks, but I would still recommend checking on the bank’s website before paying through card. I personally haven’t dealt much with public sector banks so less aware about their schemes. Some banks mislead as well by putting some concealed terms, like minimum spend etc, for the user to get the cashback.Do not opt for a free demat account while opening a new savings/salary account, if you don’t plan to use it. It is kind of a scam being done openly by most private Indian banks including HDFC and Axis bank. Their agent will tell you verbally that the demat account is lifetime free. For the first year, it would be free but next year onward they would start charging you 500+taxes, and yeah you won’t have time to go to consumer court for around 600 Rs.Close a salary account or whichever type of bank account you hold if you don’t plan to use it later especially if you change number/city/job/country etc. The banks can make the account dormant after inactivity of 2–3 years, and might stop paying interest in your savings account(depending on the bank’s terms) and hence difficult for you to withdraw your hard earned money from it. You will have to visit the bank branch and fill forms to get it reactivated and hence is a hassle. Also, most importantly, some banks have fees on debit cards if certain amount is not credited every month in the savings account linked to them. HDFC is the worst among them charging crazy fees Rs. 750+ taxes as a maintenance fees on their debit cards.https://www.hdfcbank.com/assets/pdf/savings_charges.pdfPaypal linked to your credit card is a safe thing to use if you have to commit a credit card for some subscription on a not-so-trusted website. It hides your card number from the merchant and also covers the risk in case of a fraudulent transaction on your credit card for a certain period of time(usually 180 days), while the risk might not be covered, if a credit card is directly used by its number.While going to a mall, keep the parking ticket with you. Some stores have offers where your parking fees is refunded or equivalent reward points given when you shop there like Shoppers stop, Pantaloons etc.Credit card can save some money for you only if you repay it in time. Credit card companies earn majorly from merchant fees, crazy interest rates and defaulters by suffering a minor loss from those cashbacks and joining points offered. So, it is better to repay your credit card spend in a few days whenever you make a purchase using it. Don’t fall in the trap of paying “minimum payment due”, paying it just means that your card won’t be charged “late payment fees” but still you have to pay the crazy interest rates on your balance. Also, credit cards come in handy when you have to make an international transaction including filling international forms or hotels, so having one helps at times.While on international vacation, get forex card or cash exchanged from currency exchanges rather than withdrawing from International ATM cards or swiping international credit cards. The transaction + service fees is almost double/triple(even much more for Thailand) than what you would be paying at a currency exchange. There could be an exception to this if you have some special card which waives off the charges, check with the bank for your card type in that case.For international travel, book flights/hotels in local currency of the airlines/hotel’s country, in case you have access to multiple currencies account or NRI/NRE account or a friend in that country, that way you won’t have to pay for the currency exchange fees. Example, when I book Singapore to India return tickets on Singapore Airlines, I have to pay 3–5% less while booking from a Singapore based aggregator like Expedia[dot]sg as compared to booking from Goibibo[dot]com or Expedia[dot]in. Similarly, booking a hotel in India costs me less on Goibibo[dot]com or Expedia[dot]in as compared to booking from Expedia[dot]sg or boooking[dot]com.Never ever use a credit card by mistake in an ATM machine. It will work as normal, you wont be able to figure out the difference. Only later, it will screw you by the extra withdrawal charges(to the tune of 800–1000 INR per transaction). My friend realised this after withdrawing 3000 Rs and paying 800 Rs as transaction charges for it. The charge is called “Cash advance charges” or something like that. It is charged because you are taking a temporary loan in form of cash from the bank and not in the form of a temporary loan shopping at a merchant. Credit cards are meant for only shopping(and not withdrawing cash) so that the credit card companies will transaction fees from the merchant.Edit: One comment mentioned that it can be waived by the bank by calling them.Yes true. But then the waiver is conditional and bank has the full legal right to entertain it or deny it. So it is better to not get into that situation.If you deposit a foreign currency cheque in India there is a transaction fee associated with it. A person deposited USD 11 dollars instead of some 700 rupees got only 250 rupees. Better to get money from internet banking or other online means, where there is very less transaction fees.While buying an electronic item which would would be used regularly, compare and consider the power consumption star rating for that device mentioned on it with other brands, especially for electronics like Refrigerator or Air dehumidifier or AC which would be on 24*7*365 at your home. You can save a lot of money on your 5-10 years bill(considering both inflation and increase in cost of electricity) by spending a little more one time cost on a good power star rating brand which consumes low power.

Good MorningI personally invest directly in shares of 56 COMPANIES since 1st April 2018 & my Rs.1 crore INITIAL investment is now over Rs.09 crores as on 1st March 2020As it stands -96% of my investments in MARCH 2020 are now 30% more than purchase & in 01 month & 01 weekI have always said i just followed the below simple benchmarks and needs minimal research & i have always done the under :a) Studied a potential share & also studied the industry of the concerned share-example:with plastics identified as a problem i looked at the paper industryb) Is the potential share a Dividend paying company ?c) What is it’s EPS(earning per share ) of the concerned company ?d) What is the P/E (price earnings) & Industry PE & EPS of the company ?e) What is 52 week High,52 Week Low & Current Mktg price of share researched.f) Finally watch the ACTUAL share movement of this Share over 25 days-Do not be in a haste -you are not God WHO HAD 07 DAYS to make this planetHere below is a small sample of actual purchases made at actual prices as belowI seek NO CHARGES from anyone -nor am i seeking business NOR am i pushing any shares of/or any company.Company Number Code number 30TH April Pur Price Date 52 WeekVenky's (India) Ltd NSE: VENKEYS 1,142.00 INR 651.900 23/03/20 580.100Godrej Agrovet NSE: GODREJAGRO 413.00 INR 275.65 24/03/20 265.00Bodal Chemicals Ltd NSE: BODALCHEM 52.95 INR 37.80 26/03/20 034.00JTEKT India Ltd NSE: JTEKTINDIA 51.45 INR 37.114 28/03/20 35.10Apcotex Ind Ltd NSE: APCOTEXIND 103.80 INR 78.216 14/03/20 63.10Hindalco Ind Ltd NSE: HINDALCO 126.05 INR 99.240 20/03/20 84.90Motherson Sumi Ltd NSE: MOTHERSUMI 88.80 INR 052.184 17/03/20 48.65Rupa & Company Ltd NSE: RUPA 155.85 INR 115.290 17/03/20 100.50State Bank of India NSE: SBIN 191.30 INR 183.849 23/03/20 173.55Glenmark Pharma Ltd NSE: GLENMARK 344.05 INR 164.428 23/03/20 161.65I do not recommend Mutual Funds because of my below experience as under :Purchase of shares via mutual funds is like YOU have a phone and EVERYONE ELSE has a smartphone.In your life one really has just TWO CHOICES which are as under :1. Would you like to control your life & all your actions in all your investments ?2. Would you like to HAND OVER your hard earned money to strangers & end up paying huge charges which are 10 times more than doing it yourself ?I started my business in 1989 and by 2009 -my business was in 14 verticals-in 2010 since i was preoccupied with my business -I started investing my spare money around Rs.1.50 lacs monthly in 12 mutual funds -i was told to wait for 05–07 yrs for a 12% annual returnIn April 2018 when i reviewed the total investment i found i had invested Rs.1,44,00,000/-(Rs.1.50 lacs x 96 months ) and my nett asset value Rs.1,51,20,000 or just 5% in 08 years from these mutual funds -I can send anyone the actual documents of the above to anyone as proof.Anyway I stopped my monthly SIP payments of Rs.1.50 lacs in April 2018- and since there was a 01 year lock in period i sold 70% of the 15120000 INR nav VALUE and started investing directly via my trading demat ac (here too there was a great variance in brokerage charged -so i had to find a reasonable demat firm)Today’s generation are part of smaller families and unlike my generation who had to put maximum of our life savings in property -the current generation who have grown up on fastest DATA plans & smartphones will DIRECTLY invest in shares,forex,futures etcIndian stock exchanges which was 02 Trillion US Dollars will be 200 Trillion US Dollars in 2045 -Direct investing in Mid Caps and Small Caps are mostly Risk Free and easily gives me 25% nett return yearHope the above has been helpful & all the best to your families

I can tell some money saving tips in India related to banking and finance from my personal experiences:Avoid paying with debit/credit card on petrol pumps, use cash, especially if your bill is less than Rs. 500. This is because a fuel surcharge of 2–3% might be added to your bill if you pay by card(unless it is waived by your bank/card or for a certain minimum spend) to compensate for the Visa/MasterCard transaction fees, which otherwise the petrol pump owner would have been paying. Read more here:What is fuel surcharge in India?Edit: Some people commented that it was permanently waived after demonetisation.The waiver was temporary till Dec 31 2016 as this article says.https://timesofindia.indiatimes....Also, some comments have said that it is waived by most public sector banks, but I would still recommend checking on the bank’s website before paying through card. I personally haven’t dealt much with public sector banks so less aware about their schemes. Some banks mislead as well by putting some concealed terms, like minimum spend etc, for the user to get the cashback.Do not opt for a free demat account while opening a new savings/salary account, if you don’t plan to use it. It is kind of a scam being done openly by most private Indian banks including HDFC and Axis bank. Their agent will tell you verbally that the demat account is lifetime free. For the first year, it would be free but next year onward they would start charging you 500+taxes, and yeah you won’t have time to go to consumer court for around 600 Rs.Close a salary account or whichever type of bank account you hold if you don’t plan to use it later especially if you change number/city/job/country etc. The banks can make the account dormant after inactivity of 2–3 years, and might stop paying interest in your savings account(depending on the bank’s terms) and hence difficult for you to withdraw your hard earned money from it. You will have to visit the bank branch and fill forms to get it reactivated and hence is a hassle. Also, most importantly, some banks have fees on debit cards if certain amount is not credited every month in the savings account linked to them. HDFC is the worst among them charging crazy fees 750+ taxes.https://www.hdfcbank.com/assets/pdf/savings_charges.pdfPaypal linked to your credit card is a safe thing to use if you have to commit a credit card for some subscription on a not-so-trusted website. It hides your card number from the merchant and also covers the risk in case of a fraudulent transaction on your credit card for a certain period of time(usually 180 days), while the risk might not be covered, if a credit card is directly used by its number.While going to a mall, keep the parking ticket with you. Some stores have offers where your parking fees is refunded or equivalent reward points given when you shop there like Shoppers stop, Pantaloons etc.Credit card can save some money for you only if you repay it in time. Credit card companies earn majorly from merchant fees, crazy interest rates and defaulters by suffering a minor loss from those cashbacks and joining points offered. So, it is better to repay your credit card spend in a few days whenever you make a purchase using it. Don’t fall in the trap of paying “minimum payment due”, paying it just means that your card won’t be cancelled but still you have to pay the crazy interest rates on your balance. Also, credit cards come in handy when you have to make an international transaction including filling international forms or hotels, so having one helps at times.While on international vacation, get forex card or cash exchanged from currency exchanges rather than withdrawing from International ATM cards or swiping International credit cards. The transaction + service fees is almost double/triple(even much more for Thailand) than what you would be paying at a currency exchange. There could be an exception to this if you have some special card which waives off the charges, check with the bank for your card type in that case.For international travel, book flights/hotels in local currency of the airlines/hotel’s country, in case you have access to multiple currencies account or NRI/NRE account or a friend in that country, that way you won’t have to pay for the currency exchange fees. Example, when I book Singapore to India return tickets on Singapore Airlines, I have to pay 3–5% less while booking from a Singapore based aggregator like Expedia[dot]sg as compared to booking from Goibibo[dot]com or Expedia[dot]in. Similarly, booking a hotel in India costs me less on Goibibo[dot]com or Expedia[dot]in as compared to booking from Expedia[dot]sg or boooking[dot]com.Never ever use a credit card by mistake in an ATM machine. It will work as normal, you wont be able to figure out the difference. Only later, it will screw you by the extra withdrawal charges(to the tune of 800–1000 INR per transaction). My friend realised this after withdrawing 3000 Rs and paying 800 Rs as transaction charges for it.Edit: One comment mentioned that it can be waived by the bank by calling them.Yes true. But then the waiver is conditional and bank has the full legal right to entertain it or deny it. So it is better to not get into that situation.If you deposit a foreign currency cheque in India there is a transaction fee associated with it. A person deposited USD 11 dollars instead of some 700 rupees got only 250 rupees. Better to get money from internet banking or other online means, where there is very less transaction fees.While buying an electronic item which would would be used regularly, compare and consider the power consumption rating for that device mentioned on it with other brands, especially for electronics like Refrigerator or Air dehumidifier or AC which would be on 24*7*365 at your home. You can save a lot of money on your 5-10 years bill(considering both inflation and increase in cost of electricity) by spending a little more one time cost on a good power rating brand which consumes low power.