Aadhaar Card Number, Status Tracking & Online Application Procedure

Aadhaar is a unique 12 digit number issued by the government as proof of identity and residence in India. No resident can have a duplicate number since it is linked to their individual.

WHAT AADHAAR IS

  • A number(12 Digits)
  • For every individual, including infants
  • Enables identification, and is for every resident
  • Will collect demographic and biometric information to establish uniqueness of individual
  • Voluntary
  • For every resident, irrespective of existing documentation
  • Each individual will be given a single unique ID number
  • UIDAI will enable a universal identity infrastructure that any ID based application like ration card, passport etc. can use
  • UIDAI will give a “Yes” or “No” response for any identification authentication queries

WHAT AADHAAR ISN’T

  • Another Card One per family
  • Establishes citizenship and is only for indians
  • Will collect profiling information such as caste, religion, language
  • Mandatory
  • Only for individuals who possess identification documents
  • Individual can obtain multiple AADHAARs AADHAARs will replace all other IDs
  • UIDAI information will be accessible to public and private agencies

Online Registration

People can apply for Aadhar card only by visiting the enrollment centre near to their location. UIDAI doesn’t have any system to register for UID number appointment online just like we’ve in our passport application system.

You need to go any authorized Aadhaar enrollment center anywhere in India with your identity and address proof.

Here’s the list of Aadhaar Enrollment Centers: http://appointments.uidai.gov.in/easearch.aspx

Logo

The logo is a sun in red and yellow, with a fingerprint traced across its centre. It represents a new dawn of equal opportunity for each individual, a dawn which emerges from the unique identity the number guarantees for each individual.

The design as submitted by Mr. Atul S. Pande of Pune.

Advantages

The Aadhaar will become the single source of identity verification. Once residents enrol, they can use the number multiple times – they would be spared the hassle of repeatedly providing supporting identity documents each time they wish to access services such as obtaining a bank account, passport, driving license,andso on.

By providing a clear proof of identity, the Aadhaar will also facilitate entry for poor and underprivileged residents into the formal banking system, and the opportunity to avail services provided by the government and the private sector. The Aadhaar will also give migrants mobility of identity.

It will also provide governments with accurate data on residents, enable direct benefit programs, and allow government departments to coordinate investments and share information.

Status Tracking

Aadhaar Card is one of the most important identification proof and also regarded as the proof of Indian citizenship. Aadhaar Card is a must for every citizen. It is the main importance for every citizen to enroll themselves for the Aadhaar Card.

  1. It is the identity proof.
  2. It is the address proof.
  3. Fee for enrolling in Aadhaar Card is Re. 0
  4. The Twelve digit Unique Identification number can be used for all types of proof.
  5. The number can be verified easily.
  6. Aadhaar Card is so unique that it can verify the authenticity of the Indian citizen and will eliminate all other fake identities if any.
  7. The number provided to the Indian citizen without discriminating sex, caste and religion

Now to Check the status of the Aadhaar card there are few simple guidelines for all to follow according to UIDAI.

  1. An individual should enter the 14 digit Enrolment ID.
  2. Date and Time of Enrolment should be mentioned while checking the status.
  3. The code should be entered.

Now one should submit and then the page will show the Aadhaar Status.

Once the Aadhaar Card is generated it will be received by post.  The card takes several months to reach one’s address via post. In case of emergency, it is always advisable to get the print out of E-Aadhaar Card.

Lenskart British Optics Blue Cut & Super Thin Lenses Review

Lenskart under it’s premium eyeglass lens brand, British Optics, offers three following lenses :

British Optics Premium Thin Anti-Glare (Rs.1800 + Tax)
  • 1.61 Index, Thin lens
  • Anti-Glare
  • Crack Resistant
  • Water repellent
  • UV protective
  • 1 year warranty
British Optics HD UV420 Blue Cut Lens (Rs.2500 + Tax)
  • Blocks harmful blue light from digital devices and prevent strain in eye
  • 1.61 index, Thin Lens
  • Anti-Glare
  • Crack-resistant
  • Water Repellent
  • UV Protective
  • 1 year warranty
British Optics Premium Anti-Glare Super Thin Lens (Rs.3000 + Tax)
  • 1.67 Index, Thinner lenses
  • Anti-Glare
  • Crack Resistant, UV Protective
  • Water Repellent
  • 1 year warranty
  • Submit power within 7 days after checkout – upload photo/fill form/call with our specialists

Continue reading “Lenskart British Optics Blue Cut & Super Thin Lenses Review”

Rajiv Gandhi Equity Savings Scheme (RGESS) Tax Benefits u/s 80CCG, Stocks & Mutual Funds

Who can invest in RGESS?

New retail investors with an annual gross income of less than Rs.10 Rs.12 lakhs.

How much can I invest?

The maximum amount eligible for claiming benefit under RGESS is Rs. 50,000.

Tax Benefit

Deduction under Section 80CCG of the Income-Tax Act, 1961, is available on 50% of the amount invested. The benefit is in addition to deduction available u/s Sec 80C.

Lock-in Period

3 years. Fixed lock-in during first year followed by a flexible lock-in for subsequent two years.

AIM: To encourage the savings of the small investors in domestic capital market.

Rajiv Gandhi Equity Savings Scheme (RGESS) announced in Union Budget 2012-13 is a new equity tax advantage savings scheme for equity investors in India. The scheme got it’s approval on September 21, 2012. It is exclusively for the first time retail investors in securities market.

The investors who invest up to Rs.50,000 in ‘Eligible Securities’ and have gross total annual income less than or equal to Rs.10Rs.12 Lakhs will benefit from a new section 80CCG under the Income Tax Act, 1961 on ‘Deduction in respect of investment under an equity savings scheme’ has been introduced to give tax benefits.

Example:
Let us say, you invest Rs.50,000 under RGESS, the amount eligible for tax deduction from your income will be Rs.25,000. Alternatively, if you invest Rs.40,000 under RGESS, the amount eligible for tax deduction will be Rs.20,000. So you may save about Rs.2,575, Rs.5,150 for income tax slabs 10% and 20% respectively under this scheme.

Eligible Stocks

S&P BSE 100 Index Scrips

BSE S&P 100 is a broad based index comprising of 100 large, well established and financially sound companies across sectors.

Company Name Symbol
ABB India Ltd 500002
ACC Ltd 500410
Adani Enterprises Ltd 512599
Adani Ports and Special Economic Zone 532921
Adani Power Ltd 533096
Aditya Birla Nuvo Ltd 500303
Ambuja Cements Ltd 500425
Ashok Leyland Ltd 500477
Asian Paints Ltd 500820
Axis Bank Ltd 532215
Bajaj Auto Ltd 532977
Bank of Baroda 532134
Bank of India 532149
Bharat Forge Ltd 500493
Bharat Heavy Electricals Ltd 500103
Bharat Petroleum Corp Ltd 500547
Bharti Airtel Ltd 532454
Cairn India Ltd 532792
Canara Bank 532483
Cipla Ltd/India 500087
Coal India Ltd 533278
Colgate-Palmolive India Ltd 500830
Crompton Greaves Ltd 500093
Cummins India Ltd 500480
Dabur India Ltd 500096
Divi’s Laboratories Ltd 532488
DLF Ltd 532868
Dr Reddy’s Laboratories Ltd 500124
Exide Industries Ltd 500086
Federal Bank Ltd 500469
Gail India Ltd 532155
Glenmark Pharmaceuticals Ltd 532296
GMR Infrastructure Ltd 532754
Godrej Consumer Products Ltd 532424
Grasim Industries Ltd 500300
HCL Technologies Ltd 532281
HDFC Bank Ltd 500180
Hero MotoCorp Ltd 500182
Hindalco Industries Ltd 500440
Hindustan Petroleum Corp Ltd 500104
Hindustan Unilever Ltd 500696
Hindustan Zinc Ltd 500188
Housing Development & Infrastructure Ltd 532873
Housing Development Finance Corp 500010
ICICI Bank Ltd 532174
IDBI Bank Ltd 500116
Idea Cellular Ltd 532822
IDFC Limited 532659
Indian Oil Corp Ltd 530965
IndusInd Bank Ltd 532187
Infosys Ltd 500209
ITC Ltd 500875
Jaiprakash Associates Ltd 532532
Jindal Steel & Power Ltd 532286
JSW Steel Ltd 500228
Kotak Mahindra Bank Ltd 500247
Larsen & Toubro Ltd 500510
LIC Housing Finance Ltd 500253
Lupin Ltd 500257
Mahindra & Mahindra Financial Services Ltd 532720
Mahindra & Mahindra Ltd 500520
Maruti Suzuki India Ltd 532500
Nestle India Ltd 500790
NHPC Ltd 533098
NMDC Ltd 526371
NTPC Ltd 532555
Oil & Natural Gas Corp Ltd 500312
Power Finance Corp Ltd 532810
Power Grid Corp of India Ltd 532898
Punjab National Bank 532461
Ranbaxy Laboratories Ltd 500359
Reliance Capital Ltd 500111
Reliance Communications Ltd 532712
Reliance Industries Ltd 500325
Reliance Infrastructure Ltd 500390
Reliance Power Ltd 532939
Rural Electrification Corp Ltd 532955
Sesa Sterlite Ltd 500295
Shriram Transport Finance Co Ltd 511218
Siemens India Ltd 500550
State Bank of India 500112
Steel Authority of India Ltd 500113
Sun Pharmaceutical Industries Ltd 524715
Tata Chemicals Ltd 500770
Tata Consultancy Services Ltd 532540
Tata Global Beverages Ltd 500800
Tata Motors Ltd 500570
Tata Power Co Ltd 500400
Tata Steel Ltd 500470
Tech Mahindra Ltd 532755
Titan Co Ltd 500114
UltraTech Cement Ltd 532538
Union Bank of India 532477
Unitech Ltd 507878
United Breweries Ltd 532478
United Spirits Ltd 532432
UPL Ltd 512070
Wipro Ltd 507685
Yes Bank Ltd 532648
Zee Entertainment Enterprises Ltd 505537

source: spindices.com (as on feb, 2014)

 

CNX NSE 100 Index Scrips

NSE CNX 100 is a diversified 100 stock index accounting for 38 sectors of the economy.

Company Name Symbol
ACC Ltd. ACC
Adani Enterprises Ltd. ADANIENT
Adani Ports and Special Economic Zone Ltd. ADANIPORTS
Aditya Birla Nuvo Ltd. ABIRLANUVO
Ambuja Cements Ltd. AMBUJACEM
Apollo Hospitals Enterprises Ltd. APOLLOHOSP
Asian Paints Ltd. ASIANPAINT
Axis Bank Ltd. AXISBANK
Bajaj Auto Ltd. BAJAJ-AUTO
Bajaj Finserv Ltd. BAJAJFINSV
Bajaj Holdings & Investment Ltd. BAJAJHLDNG
Bank of Baroda BANKBARODA
Bank of India BANKINDIA
Bharat Forge Ltd. BHARATFORG
Bharat Heavy Electricals Ltd. BHEL
Bharat Petroleum Corporation Ltd. BPCL
Bharti Airtel Ltd. BHARTIARTL
Bosch Ltd. BOSCHLTD
Cairn India Ltd. CAIRN
Canara Bank CANBK
Cipla Ltd. CIPLA
Coal India Ltd. COALINDIA
Colgate Palmolive (India) Ltd. COLPAL
Container Corporation of India Ltd. CONCOR
Crompton Greaves Ltd. CROMPGREAV
Cummins India Ltd. CUMMINSIND
DLF Ltd. DLF
Dabur India Ltd. DABUR
Divi’s Laboratories Ltd. DIVISLAB
Dr. Reddy’s Laboratories Ltd. DRREDDY
Exide Industries Ltd. EXIDEIND
Federal Bank Ltd. FEDERALBNK
GAIL (India) Ltd. GAIL
GlaxoSmithkline Consumer Healthcare Ltd. GSKCONS
Glaxosmithkline Pharmaceuticals Ltd. GLAXO
Glenmark Pharmaceuticals Ltd. GLENMARK
Godrej Consumer Products Ltd. GODREJCP
Grasim Industries Ltd. GRASIM
HCL Technologies Ltd. HCLTECH
HDFC Bank Ltd. HDFCBANK
Hero MotoCorp Ltd. HEROMOTOCO
Hindalco Industries Ltd. HINDALCO
Hindustan Petroleum Corporation Ltd. HINDPETRO
Hindustan Unilever Ltd. HINDUNILVR
Housing Development Finance Corporation Ltd. HDFC
I T C Ltd. ITC
ICICI Bank Ltd. ICICIBANK
IDBI Bank Ltd. IDBI
IDFC Ltd. IDFC
Idea Cellular Ltd. IDEA
IndusInd Bank Ltd. INDUSINDBK
Infosys Ltd. INFY
JSW Steel Ltd. JSWSTEEL
Jaiprakash Associates Ltd. JPASSOCIAT
Jindal Steel & Power Ltd. JINDALSTEL
Kotak Mahindra Bank Ltd. KOTAKBANK
LIC Housing Finance Ltd. LICHSGFIN
Larsen & Toubro Ltd. LT
Lupin Ltd. LUPIN
Mahindra & Mahindra Financial Services Ltd. M&MFIN
Mahindra & Mahindra Ltd. M&M
Maruti Suzuki India Ltd. MARUTI
MphasiS Ltd. MPHASIS
NMDC Ltd. NMDC
NTPC Ltd. NTPC
Oil & Natural Gas Corporation Ltd. ONGC
Oil India Ltd. OIL
Oracle Financial Services Software Ltd. OFSS
Petronet LNG Ltd. PETRONET
Power Finance Corporation Ltd. PFC
Power Grid Corporation of India Ltd. POWERGRID
Punjab National Bank PNB
Ranbaxy Laboratories Ltd. RANBAXY
Reliance Capital Ltd. RELCAPITAL
Reliance Communications Ltd. RCOM
Reliance Industries Ltd. RELIANCE
Reliance Power Ltd. RPOWER
Rural Electrification Corporation Ltd. RECLTD
Sesa Sterlite Ltd. SSLT
Shriram Transport Finance Co. Ltd. SRTRANSFIN
Siemens Ltd. SIEMENS
State Bank of India SBIN
Steel Authority of India Ltd. SAIL
Sun Pharmaceutical Industries Ltd. SUNPHARMA
Tata Chemicals Ltd. TATACHEM
Tata Consultancy Services Ltd. TCS
Tata Global Beverages Ltd. TATAGLOBAL
Tata Motors Ltd. TATAMOTORS
Tata Power Co. Ltd. TATAPOWER
Tata Steel Ltd. TATASTEEL
Tech Mahindra Ltd. TECHM
Titan Company Ltd. TITAN
UPL Ltd. UPL
UltraTech Cement Ltd. ULTRACEMCO
Union Bank of India UNIONBANK
United Breweries Ltd. UBL
United Spirits Ltd. MCDOWELL-N
Wipro Ltd. WIPRO
Yes Bank Ltd. YESBANK
Zee Entertainment Enterprises Ltd. ZEEL

source: nseindia.com (as on feb, 2014)

Maharatnas

  1. BHARAT HEAVY ELECTRICALS LTD.
  2. COAL INDIA LTD.
  3. GAIL (INDIA) LTD.
  4. INDIAN OIL CORP.LTD.
  5. NTPC LTD.
  6. OIL & NATURAL GAS CORP.LTD.
  7. STEEL AUTHORITY OF INDIA LTD.

 

Navratnas

  1. BHARAT ELECTRONICS LTD.
  2. BHARAT PETROLEUM CORP.LTD.
  3. HINDUSTAN AERONAUTICS LTD.
  4. HINDUSTAN PETROLEUM CORP.LTD.
  5. MAHANAGAR TELEPHONE NIGAM LTD.
  6. NATIONAL ALUMINIUM CO.LTD.
  7. NEYVELI LIGNITE CORP.LTD.
  8. NMDC LTD.
  9. OIL INDIA LTD.
  10. POWER FINANCE CORP.LTD.
  11. POWER GRID CORP.OF INDIA LTD.
  12. RASHTRIYA ISPAT NIGAM LTD.
  13. RURAL ELECTRIFICATION CORP.LTD.
  14. SHIPPING CORP.OF INDIA LTD.,THE

Miniratnas

Category I

  1. AIRPORTS AUTHORITY OF INDIA
  2. ANTRIX CORP.LTD.
  3. BALMER LAWRIE & CO.LTD.
  4. BEML LTD.
  5. BHARAT DYNAMICS LTD.
  6. BHARAT SANCHAR NIGAM LTD.
  7. BRIDGE & ROOF CO.(INDIA) LTD.
  8. CENTRAL COALFIELDS LTD.
  9. CENTRAL WAREHOUSING CORP.
  10. CHENNAI PETROLEUM CORP.LTD.
  11. COCHIN SHIPYARD LTD.
  12. CONTAINER CORP.OF INDIA LTD.
  13. DREDGING CORP.OF INDIA LTD.
  14. ENGINEERS INDIA LTD.
  15. ENNORE PORT LTD.
  16. GARDEN REACH SHIPBUILDERS & ENGINEERS LTD.
  17. GOA SHIPYARD LTD.
  18. HINDUSTAN COPPER LTD.
  19. HINDUSTAN NEWSPRINT LTD.
  20. HINDUSTAN PAPER CORP.LTD.
  21. HLL LIFECARE LTD.
  22. HOUSING & URBAN DEVELOPMENT CORP.LTD.
  23. INDIA TOURISM DEVELOPMENT CORP.LTD.
  24. INDIAN RAILWAY CATERING & TOURISM CORP.LTD.
  25. IRCON INTERNATIONAL LTD.
  26. KIOCL LTD.
  27. MAHANADI COALFIELDS LTD.
  28. MANGALORE REFINERY & PETROCHEMICALS LTD.
  29. MAZAGON DOCK LTD.
  30. MISHRA DHATU NIGAM LTD.
  31. MMTC LTD.
  32. MOIL LTD.
  33. MSTC LTD.
  34. NATIONAL FERTILIZERS LTD.
  35. NATIONAL SEEDS CORP.LTD.
  36. NHPC LTD.
  37. NORTH EASTERN ELECTRIC POWER CORP.LTD.,THE
  38. NORTHERN COALFIELDS LTD.
  39. NUMALIGARH REFINERY LTD.
  40. ONGC VIDESH LTD.
  41. PAWAN HANS HELICOPTERS LTD.
  42. PROJECTS & DEVELOPMENT INDIA LTD.
  43. RAILTEL CORP.OF INDIA LTD.
  44. RASHTRIYA CHEMICALS & FERTILIZERS LTD.
  45. RITES LTD.
  46. SECURITY PRINTING & MINTING CORP.INDIA LTD.
  47. SJVN LTD.
  48. SOUTH EASTERN COALFIELDS LTD.
  49. STATE TRADING CORP.OF INDIA LTD.,THE
  50. TELECOMMUNICATIONS CONSULTANTS INDIA LTD.
  51. THDC INDIA LTD.
  52. WAPCOS LTD.
  53. WESTERN COALFIELDS LTD.

Category II

  1. BHARAT PUMPS & COMPRESSORS LTD.
  2. BROADCAST ENGINEERING CONSULTANTS INDIA LTD.
  3. CENTRAL MINE PLANNING & DESIGN INSTITUTE LTD.
  4. EDCIL (INDIA) LTD.
  5. ENGINEERING PROJECTS (INDIA) LTD.
  6. FCI ARAVALI GYPSUM & MINERALS INDIA LTD.
  7. FERRO SCRAP NIGAM LTD.
  8. HMT (INTERNATIONAL) LTD.
  9. HSCC (INDIA) LTD.
  10. INDIA TRADE PROMOTION ORGANISATION
  11. INDIAN MEDICINES PHARMACEUTICAL CORP.LTD.
  12. MECON LTD.
  13. MINERAL EXPLORATION CORP.LTD.
  14. NATIONAL FILM DEVELOPMENT CORP.LTD.
  15. NATIONAL SMALL INDUSTRIES CORP.LTD.,THE
  16. PEC LTD.
  17. RAJASTHAN ELECTRONICS & INSTRUMENTS LTD.

Source: Department of Public Enterprises (as on Oct, 2013)

 

MUTUAL FUNDS:

You can pick any of the following mutual funds and ETFs currently available for investment cum tax saving purpose.

 

Mutual Fund / ETF

Minimum Investment

Birla SL Focused Equity Ser 1 Direct

5000

Birla SL Focused Equity Ser 1 Reg

5000

Birla SL Nifty ETF

5000

Birla SL RGESS Series 1 Direct

5000

Birla SL RGESS Series 1 Reg

5000

DSPBR RGESS Series 1 Direct

5000

DSPBR RGESS Series 1 Reg

5000

Goldman Sachs Banking BeES

10000

Goldman Sachs CNX Nifty Shariah BeES

10000

Goldman Sachs Nifty BeES

10000

Goldman Sachs Nifty Junior BeES

10000

HDFC RGESS Series 1 Direct

5000

HDFC RGESS Series 1 Reg

5000

HDFC RGESS Series 2 Direct

5000

HDFC RGESS Series 2 Reg

5000

ICICI Pru CNX 100 ETF

5000

ICICI Pru Equity Savings Series 1 Direct

5000

ICICI Pru Equity Savings Series 1 Reg

5000

ICICI Pru Nifty ETF

5000

IDBI RGESS Series 1 Plan A Direct

5000

IDBI RGESS Series 1 Plan A Reg

5000

IIFL Nifty ETF

5000

Kotak Nifty ETF

5000

Kotak Sensex ETF

10000

LIC Nomura MF RGESS Series 1 Direct

5000

LIC Nomura MF RGESS Series 1 Reg

5000

Motilal Oswal MOSt Shares M50 ETF

10000

Quantum Index

5000

Reliance Shares Banking ETF

5000

Reliance Shares Nifty ETF

5000

Religare Invesco Nifty ETF

5000

SBI Sensex ETF

5000

UTI RGESS Direct

5000

UTI RGESS Retail

5000

 

Eligibility:

You’re eligible if

  • Demat Account not opened. If opened but not transacted in equity or F&O, derivatives before November 23, 2012.
  • Resident Individual
  • Gross total annual Income less than Rs.10 Rs.12 lakh.

The tax deduction under RGESS shall be available to a new retail investor whose gross total income for the financial year (1 April to 31 March) in which the investment is made under the Scheme is less than or equal to 10 12 lakh rupees.

A new retail investor is defined as follows:

  • Any resident Individual who has not opened a demat account and has not made any transactions in the equity or derivative segment as on the date of notification of the scheme i.e., November 23, 2012. OR
  • Any resident Individual who has opened a demat account as a first holder, but has not transacted in the equity or derivate segment till November 23, 2012. OR
  • Any resident Individual who has a demat account as a joint holder.

Eligible securities:

  1. Equity Shares in BSE-100 or CNX 100
  2. Equity Shares of Maharatna, Navratna, Miniratna
  3. Units of eligible ETFs or MFs
  4. Eligible FPOs & NFOs
  5. IPOs of eligible PSUs

List of eligible securities will be made available on the website of the stock exchanges (NSE, BSE).

The security should be RGESS eligible at the time of investment. Such security will be considered for RGESS investment, even if it becomes ineligible at a later date.

If an investor does not comply with the RGESS guidelines, the deduction shall be reversed, and will be considered the income of the assessee and liable to taxation.

The costs like  brokerage charges, securities transaction tax, stamp duty and service tax shall not be included while considering investments of up to Rs 50,000.

 

Lock-in Period

The eligible securities brought into the demat account will be automatically locked-in from the date of investment till one year from the date of last purchase of RGESS eligible securities. This period is called ‘Fixed Lock-in’ during which you cannot pledge or sell these securities.

  • Holding Period = 3 Years
  • Fixed lock-in Period = 1 Year from the date of credit
  • Flexible lock-in Period = 2 Years from the end of Fixed lock in period

During subsequent two years called as Flexible Lock-in, you can sell and buy RGESS securities. However, you will have to maintain the value of RGESS investment for cumulative period of 270 days during each of these two years.

Example:

Let us say, you have purchased eligible securities worth Rs. 50,000 in a RGESS designated demat account on December 31, 2012. The eligible securities will be in ‘Fixed lock-in’ till December 30, 2013 and for flexible lock-in till December 30, 2015.

In case you do not wish to claim tax deduction on a security, then a declaration in the prescribed format (Form B) should be submitted within one month from the date of credit to the DP.

Your demat account that was designated for RGESS will be converted into a regular or ordinary demat account at the end of the flexible lock-in period.

 

DEMAT Account

In order to open DEMAT account for RGESS make sure the investor:

  • does not have any other demat account as a first holder in CDSL OR
  • has opened a demat account (as a first holder) in CDSL and not had
  • any transactions in equity in the said account.
  • does not have any other demat account in CDSL with RGESS
  • is PAN compliant.

The retail investors are restricted to hold the securities only in “DEMAT” account provided by many Depository Participants (DPs) of CDSL. The list of DPs under CDSL can be found here.

In addition to KYC requirements like ID Proof, Address Proof, PAN Copy, you are also requested to provide a declaration form “Form A”, which you can get from the DP you’re applying to, in prescribed format for availing RGESS benefits. This declaration form will help you designate your new or existing demat account as RGESS.

In case the investor want to exclude any RGESS eligible scrip from his RGESS portfolio, he has to submit “Form B” within one month from the date of the credit in his demat account.

Please note you can have only one DEMAT account for the purpose of availing RGESS benefits.

After getting ready with your new DEMAT account or designation your existing DEMAT account as RGESS, you can approach any SEBI registered stock broker with your Demat Account Number and DP ID for investing in eligible securities.

 

RGESS vs PPF vs ELSS

We did a quick comparision of RGESS with the top tax saving schemes available in India and the result is:-

RGESS ELSS PPF
Eligibility Annual Income less than Rs.10 Rs.12 Lakhs None None
Lock-in Period 1+2 3 years 15 Years
Tax Benefits 50% (80 CCG) 100% (80 C) 100% (80 C)
Maximum Investment for Deduction Rs.50,000 Rs.100,000 Rs.100,000
Minimum Investment N/A Rs.500 to Rs.5000 Rs.500
Need for DEMAT Yes No No
Equity Linked Yes Yes No
Annual Return Market Based Market Based 8.8%
Interest Earned Non Taxable Non Taxable Non Taxable
Risk Medium to High Medium to High Low

Note: You need a PAN Card, Bank Account or optionally DEMAT account for equity linked schemes with all the schemes compared above.

Jewellery in India

There is a fashion store located in North-West region of Delhi, India. They offer the highest quality products at nominal prices along with awesome customer and after-sales service. They deal in retail and wholesale of Earrings, Anklets, Bangles, Bridal Sets on Rent, Kundan Jewellery, Meena Jewellery, Metal Chains, Pearl Jewellery, Polki Jewellery, Lakh Jewellery, Ruby Jewellery, Ladies Handbags, Purses, Loose Semi-Precious Stones, Mangalsutras, Pendant Sets, Rings, Necklace Sets and Bracelets.

Artificial jewelry has occupied a huge market share in India, and is a pretty serious, high scale business too in the country. Modeling and Indian film industries, of course play a major part in promoting the business of artificial jewellery, till date. As soon as a popular film gets released, it does spread a trend which lasts until the next popular one, here popularity is being defined by the favored start casts, celebrated directors, attractive promotion previews of the film, and many other related features. It gets started from the modeling industry where the artificial jewelries/accessories adds up more value to the designers’ clothing/materials, one significant reason for using such accessories in the model industry is that the designers in general thrive in a huge innovative pool, which remains active, erupting tremendous creative, and novel ideas, hence it would be naturally a simple procedure to get all these implemented via such accessories, as it does take less time and money, either to make or to buy the same from local manufacturers. It’s a chain reaction, as one industry has led to the growth of the other, meaning, because of the immensely huge growth of such industries, the local manufacturers have started to take part in resolute production activities, in a way this have also fostered a shining future to the small scale industries in the country, and many home based production houses too.

Alluring Characteristics

Of course, the artificial jewelries would attract any woman on earth, decisively for its attractive designs, color, wide choices of elements like stones, pearls, strings, vibrant connective threads, etc… and the second dominant factor being the affordable cost of these jewelries, which has in turn satisfied many people for whom getting such jewelries in gold and other exclusive stones, becomes unimaginable. In India where undoubtedly huge population would fall under such category, the growth of such industries has definitely invented the kind of fashion springtide of the modern creation into their world. The college girls and working women are the targeted customers of this trendy business, well which doesn’t corner it only to such cadres, it gets applied to every age of a girl, woman, and a kid too. Hence, it is at any cost, much appreciable and its substantial growth has lightened up many lives and has especially ended in a colorful episode of a college book!

Traveling Across Boundaries!

How does it travel across the boundaries of the country? Of course via the tourists who are not only rendering a percent to the country’s GDP growth through FDI, but are also successfully helping in promoting the business outside the country too. You could see numerous such shops healthily flourishing near the popular tourists attractions in the country, the predominant reason is to attract in the foreigners who in fact love such accessories, and the imperative actuality is that the Indian style accessories are quite popular and well recognized in the abroad countries, paving more scope to the business!

HDFC Bank Credit Card Reward Points Redemption

No I'm not Ravi Shankar :D
No I’m not Ravi Shankar :p

I have been a satisfied HDFC Bank customer so far, particularly with their online banking services and customer support. In the last two months of any year, I try to review and maintain all my financial instruments and business strategies in good health. I have been using a HDFC World MasterCard Credit Card, my first ever CC, since January, 2013 and using it on almost every online transaction I do and shopping terminals but never cared about the reward points I am earning or have earned so far. Continue reading “HDFC Bank Credit Card Reward Points Redemption”

What if your HDFC Bank Netbanking Secure Access rights got locked?

From last few weeks, I was not able to transfer funds from one of my HDFC Bank savings account to my another HDFC current account. Every time I try to proceed with any inter-bank transaction, the page throws an error like “The transaction could not be completed. Please contact Bank.”, I used to transfer my funds the same way months ago but now the netbanking site refuses my every request. Continue reading “What if your HDFC Bank Netbanking Secure Access rights got locked?”