Ask the Readers: What Happens If You Don’t Collect Cash from the ATM Cash Dispenser Within 30 Seconds?

Posted 7 CommentsPosted in Finance

D, had an interesting question to ask. Suppose I’m unable to collect cash from the ATM cash dispenser within the stipulated time (usually 30 seconds). What happens to such a transaction? Is it automatically reversed? What happens if this situation occurs at a third-party ATM? I couldn’t find an answer to this question. Have you […]

Tip Tuesdays: Why You Shouldn’t Opt for a Decrease in Your Employee Provident Fund Contributions in Lieu of an Increase in Your Take Home Pay

Posted 1 CommentPosted in Finance

One of the suggestions that came up during an office discussion about the effects of the recent circular issued by the Central Board for Direct Taxes (CBDT) was: Employees whose basic salary is greater than INR 6,500 per month can opt to receive an employee provident fund amount limited to 12% of INR 6,500 i.e. […]

Tweets on 2010-02-07

Posted Leave a commentPosted in Finance

A significant change to the electronic funds transfer facility with effect from March 01, 2010. NEFT is currently available from 9 am to 5 pm on week days and from 9 am to 12 noon on Saturdays. There have been constant requests from various individual and business segments to elongate the operating hours. After examining […]

Awareness Fridays: How to Identify Genuine Rupee-denominated Currency Notes

Posted Leave a commentPosted in Finance

Here’s a detailed tutorial from the Reserve Bank of India (RBI) on how to identify genuine rupee-denominated currency notes. My observations: It’s not possible for the common person to identify a counterfeit note on first glance. How often have you stopped to verify the genuineness of the currency in your hands? Banks themselves have started […]

Tweets on 2010-02-04

Posted Leave a commentPosted in Finance

From a public awareness initiative issued by the Insurance Regulatory and Development Authority of India: Insurance is a responsibility. It ensures security and mitigates risk. It is an assurance to your dependents that you care. Insurance is also an investment tool and provides tax benefits too. Most of all, insurance is peace of mind… Read […]

Tweets on 2010-02-01

Posted Leave a commentPosted in Finance

The Simple Dollar » Emergencies Vs Opportunities – Having an emergency fund doesn’t mean losing other life opportunities. # LIC launches scheme to activate lapsed policies. Reminder: SURRENDER my lapsed endowment policy — a BIG mistake in my financial history. # Testing Twitter Tools integration with WordPress – Phase 2. #