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Munimji

Blog

Nov02

2015

Mutual Fund Investment Options: Growth, Dividend Payout, Dividend Reinvestment

  • While filling a mutual fund form, usually you will see three options to invest:
    1. Growth
    2. Dividend Pay-out
    3. Dividend Reinvestment
  • Most of the people are confused about the different among these, which one to choose and why?

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Oct26

2015

  • National Payments Corporation of India (भारतीय राष्ट्रीय भुगतान निगम, NPCI) has launched Interbank Mobile Payment Service (IMPS) on 22nd Novemeber, 2010.
  • This is first of its kind service in the world, which allows fund transfer between individuals through their mobile phones. It provides any time instant money transfer service through mobile phones to any other person registered for IMPS service in any of the participating banks.

Need for IMPS:

  • As of now, interbank funds transfer is done through National Electronic Funds Transfer (NEFT). But issue with these transfers is the time lag as this is not a real time service and transactions are settled in batches.
  • Although there is already another almost instant funds transfer service available in name of Real Time Gross Settlement (RTGS), but that has minimum transfer limit of 2 lakhs (much above what a common man generally does) and can only be done during banking working hours.

Oct19

2015

Moving to USA for employment – Tax considerations

  • Cross border employment is fairly common these days. Professionals are increasingly traveling to other countries for employment and this gives rise to tax implications in both countries. Is it as easy to meet your tax filing obligations as it is to move between countries? This article touches on some common considerations for professionals traveling to USA for the first time.
  • Amit was in high spirits as he had just been selected to work at a client’s office located in the US. He was thrilled to get this opportunity and was expecting that his stint would also give him the opportunity to earn higher salary as he would be paid in US Dollars. Much to his dismay, when he received his pay check he realized that he was paying taxes in both US and India. The American dream had turned sour due to taxes. But does it have to be so? Did he actually have to pay taxes in both places? Was there something he could do to avoid double taxation?

Oct05

2015

Shutdown Your PC from anywhere using Smartphone:

Steps to shutdown PC with Smartphone Remotely:

  1. First of in your windows PC download and install the program Airytec switch off.
    (http://www.airytec.com/en/switch-off/get.aspx)
  2. Now install the app and you will see shutdown icon in system tray.

Sep28

2015

Payment Banks

  • Recently RBI awarded payment bank license to 11 entities including business heavy weights like Reliance Industries, Aditya Birla Nuvo, Tech Mahindra, Vodafone, Airtel. All are betting big for this new concept called payment bank.

What is Payment Banks ?

  • Payment Bank is a new type of bank which is expected to reach customers mainly through their mobile phones rather than traditional bank branches.

Aug10

2015

How to Convert Facebook Profile Into A Business Page

  • The method is very simple as there will be no need to individually invite all your friends to like your page when you convert the Facebook profile into the page. So just follow up some of simple steps below to proceed.

Before migration:

  • First, let me back up and explain. You need to download your Facebook profile information because not everything will move to your new business Page when the conversion is completed. The only items transferred over will be your current profile picture and your current friends and subscribers (who will be converted to Likes). You’ll also keep your current username.

Financial Management