How to avoid paying higher charges levied by your bank

THE ECONOMIC TIMES Tue, Mar 21, 2017 | 06:33 AM IST ET Wealth Newsletter

WHAT'S HOT #Tax Planning, #sukanya samriddhi yojana calculator, #tax filing,#critical illness,#taking a personal loan,#tax saving

How to avoid paying higher charges levied by your bank Banks have reintroduced charges suspended during note ban and added new ones. What worries customers is how banks deduct money directly from accounts. Still paying interest on home loan at old rates? Cut EMI by switching to MCLR-linked rate now Should you go for a reset even if it involves a small charge? Yes. The amount you save will be significantly higher over the years. Should you renew maturing bank FDs in the current interest rate scenario? Remember, government bonds, small savings schemes and other debt options offer higher returns than bank fixed deposits. From our Partners Toshiba, committed to 'Make in India' and 'Export from India' Toshiba, committed to 'Make in India' and 'Export from India' From our Partners Find Your Kingdom A world that people said was just 'make believe, but to us, it was as real as real could be. We envisioned our own kingdom, a beautiful and luxurious castle that belonged, entirely to us. Select PSU stocks are a good bet in current heated market: Find out which ones The recent underperformance relative to the broader market could present an opportunity for investors ready to play a waiting game. Should small savings interest rates be cut? Find out what financial experts say Nilesh Shah, Managing Director, Kotak Mutual Fund, says that the interest rate should be kept at market-determined levels. EPF must invest in equity to grow fast enough: Expert View By investing in equity markets, EPF should be able to earn an annual income and earn positive returns each year, so that it can be credited to members. These apps can help you stay healthy and active at work Thanks to these free apps, you can now simply do some quick exercises without going too far away from your work station. From our Partners How Mumbai's Dabbawalas are leveraging tech by offering digital services With the world and India taking digital leaps, the dabbawalla's too have found the need to embrace technology and offer click-based services. From our Partners Meet Lakshmi - India's first banking robot is here to help you Meet Lakshmi - India's first banking robot is here to help you

Financial Calculators Tax Impact Calculator This tax calculator will help you estimate your tax liability. Just input your personal income details and know how much you would be liable to pay. Home Loan Refinance Should you refinance your home loan? Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy. More Calculators

How to make your own financial plan To make your own financial plan, firstly one must know how much they can invest. Random investments are not very useful. 7 smart ways to cut down your wedding costs Weddings can cost a bomb. So if you're short of cash, among other things, these smart hacks can help you lower the expenses. Long term investments must be in equity to beat inflation: Expert view Equity exposure in our country is miniscule. Indian savers must shake off the fear of equity that lies deep in their hearts. Stay invested in stock market rather than trying to time it: Prateek Pant, Sanctum Wealth Management While there is no good time to enter the stock market, it's important to stay invested and add to positions regularly, instead of trying to time it. There may be some hiccups but equity market outlook remains bullish: Anish Damania, IDFC Securities As global growth shows signs of strength, asset-based stocks and export stories could do very well, says Anish Damania, CEO, IDFC Securities. Axis Long Term Equity Fund: Monitor performance over coming 6-12 months With a 7-year return of 18.03%, the fund has outperformed the category average (12.56%) and the benchmark return (8.95%) by a huge margin. Stock pick of the week: Why analysts are bullish on Orient Cement The company was able to report a revenue growth of 50 per cent and an 11 per cent fall in its net loss on a year-on-year basis. Tax Optimizer: How NPS, study loan can help Chennai's Veeraswamy save tax Sudhir Kaushik of Taxspanner.com advises readers on how to restructure their income, investments and expenses to optimise their tax. Portfolio Doctor: Find out why Gowda should get out of sector funds, small cap schemes The portfolio doctors on our panel will assess the health of the MFs, examine their suitability and, if required, recommend corrective measures. Is passive investing the best way to grow wealth in the long term? A passive fund replicates the composition and performance of an index say, Nifty or Sensex, whose portfolio will be exactly the same as the index. 5 smart things to know about Infrastructure Investment Trusts (InvITs) InvITs can be established as a trust and registered with Sebi and consists of four elements— trustee, sponsor(s), investment manager and project manager. How to use SWP to withdraw investments on a regular basis A systematic withdrawal form needs to be filled up to avail this facility. This form can be downloaded from the fund website. Delhi startup ONE Co.Work helps provide co-working spaces to entrepreneurs, freelancers In July 2015, Himanshu Bindal, a management graduate from the London School of Economics, and an MBA from the SP Jain Institute, founded ONE Co.Work. Alternative investment returns monitor: For week ending March 15, 2017 Don't compare these with returns from traditional investments since the proportion and purpose of alternative investments is vastly different.

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News Digest: Centre starving health sector of funds, says House panel

		THE TIMES OF INDIA
		Tuesday, March 21, 2017
		Today's Headlines

		India
		Centre starving health sector of funds, says House panel People voted for Modiji, not BJP: Naresh Agarwal ED attaches Zakir Naik's assets worth Rs 18 crore More India News»

		Business
		Bharatiya Mahila Bank to merge with SBI The government on Monday said it has decided to merge the Bharatiya Mahila Bank (BMB) with the State Bank of India (SBI) to ensure greater banking services outreach to more women. Uber president Jeff Jones quits, deepening turmoil Jones quit less than seven months after joining the San Francisco company, an Uber spokesman said on Sunday. In a statement to Reuters, Jones said he could not continue as president of a business with which he was incompatible. Cabinet may consider proposal on dismantling FIPB in April The govt has been steadily liberalising the FDI regime over the last two years by raising caps or removing them altogether to attract foreign capital. More Business News»

		Environment
		Beijing to expand funding for reducing air pollution Beijing will expand funding to reduce air pollution in 2017, including phasing out thousands of automobiles and replacing coal furnaces in hundreds of villages, a media report said on Saturday. So far in March, more than 10 days of clear, blue skies have been recorded. Indian grey hornbills make nests early this year Indian grey hornbills, the birds that nest in cervices of trees have shown a remarkable change in their nesting behavior in the city. This year the birds have built their nests a much earlier. Tata Chemicals Haldia plant gets shutdown notice The Central Pollution Control Board (CPCB) has directed Tata Chemicals to shut down its fertilizer plant in Haldia (West Bengal) for violating liquid waste discharge rules. The CPCB directive follows an analysis of the company’s samples, which showed a non-compliance in effluent discharge norms. More Environment News»

		World
		Bill Gates again world's richest man Microsoft co-founder Bill Gates once again topped the Forbes magazine list of the world's richest billionaires, while US President Donald Trump slipped more than 200 spots, the magazine said on Monday. Donald Trump: Different strokes Pakistan PM orders immediate reopening of Afghan border Nawaz Sharif on Monday ordered the immediate reopening of the border with Afghanistan to facilitate the movement of Afghan citizens and resumption of cross-border trade. The border was closed last month following several deadly militant attacks for which Pak accused terrorists hiding in Afghanistan More World News»

		Entertainment
		Karishma Tanna roped in opposite Ranbir Kapoor for Sanjay Dutt biopic The cast of the Sanjay Dutt biopic, which sees Ranbir Kapoor in the lead, seems to be getting more and more interesting with every passing day. See what happened to the 'Golmaal Again' stars after a hard day's shoot ‘Golmaal Again’, the fourth installment in the ‘Golmaal’ franchise, went on floors last week. Priyanka Chopra's serene picture is the best thing you'll see today More Entertainment News»

		Science
		NASA adds four teams to study solar system New infrared based wi-fi system can make internet 100-times faster Scientists have developed a new wireless internet based on harmless infrared rays that is 100 times faster than existing wi-fi network and has the capacity to support more devices without getting congested. 'Pluto a planet, and so are over 100 celestial bodies' Is Pluto a planet or not? Giving this debate a fresh angle, Johns Hopkins University scientist Kirby Runyon wants to make one thing clear: Regardless of what people say, Pluto is a planet. More Science News»

		Sports
		Mahindra Scorpio TOISA: PV Sindhu bags top honour The darling of Indian badminton and 2016 Rio Olympics silver medalist PV Sindhu padded her trophy collection, receiving two awards at the Mahindra Scorpio TOISA, including the top prize of Sportsperson of the Year. Dipa's achievement has been awe-inspiring: Comaneci This year's Mahindra Scoprio Times of India Sports Awards (TOISA) 2017 is proud to feature the world's first perfect 10 gymnast, the legendary Nadia Comaneci as mentor and as the TOI’s guest editor for the days she talks about life, philosophy, Dipa Karmakar and of course sports. Kohli alleges disrespect to Team India physio Allegations and denials flew thick and fast between rival captains Virat Kohli and Steven Smith with the India skipper claiming that the home team physio Patrick Farhart was "disrespected" by visiting players. More Sports News»

		Technology
		PlayStation 4 trumps Xbox One and Nintendo 3DS in 2016 console market share IHS has forecasted Sony to grow this year as well at the same pace. The Japanese tech giant is expected to break console market sales value of $20 billion this year. Super Mario Run Android launch date confirmed by Nintendo The launch date for Android users was announced by Nintendo America in a tweet. Oppo F3 Plus specs, video leaked ahead of launch It is supposed to sport a 6-inch full-HD (1080x1920 pixels) resolution display and is powered by an octa-core Qualcomm processor with 4GB RAM More Technology News»

		Education
		NTS to hold most of CBSE entrance tests from 2018 IT-Kharagpur develops superpower drone BHIM XIMB claims robust placement of MBA graduates this year More Education News»

		Mumbai
		Man recovers salary dues after maintenance battle The husband had moved the high court against the order passed last September to attach one-third of his salary but not more than Rs 6,000 per month. How the blind are following their nose to a better future Inside an odourless laboratory called 'Personal Care'-where countertops boast deodorants, rose petals and cloves-Arun Domal and Anantha Bhoje sniff the damp end of astrip of paper sprawyed with a fine French mist . Twisting hand, holding saree is not outraging modesty: HC Merely twisting a woman's hand or catching hold of a corner of her saree during a quarrel cannot be said to be outraging her modesty, the Bombay high court has ruled. More Mumbai News»

		Delhi
		Corporations crack down on illegal hoardings Following instructions from the state election commission, the three civic bodies have launched a crackdown on illegal political hoardings, banners and posters across the capital. Water bill waivers to go on: Kapil Mishra DJB chairman and water minister Kapil Mishra on Monday dispelled a few “rumours” that the Delhi government’s scheme for waiver of 100% late payment surcharge (LPSC) and a slab-wise waiver of arrears in domestic water bills will come to an end on March 30. 'Put coloured pictures of netas on EVMs' At a time when electronic voting machines (EVMs) are facing severe scrutiny from AAP and other political parties, a PIL relating to them has reached the Delhi high court. More Delhi News»

		Bangalore
		Miscreant enters college hostel, flees with women's innerwear Officials of the hostel of Maharani's Arts, Commerce and Management College for Women, Seshadri Road, filed a police complaint on Monday Mob of 40-45 molested me on Ballari Road: Student A 20-year-old student has alleged that a group of 40-45 men attacked and molested her, besides beating up her friend on Ballari Road, north Bengaluru, on Sunday night. The incident happened around 9 pm on the service road of the highway near Vidyanagar Cross. Informal atmosphere of groups helps poetry thrive Back in 1999 - or even half a decade ago - the poetry scene in Bengaluru wasn't anything to write home about.There weren't venues, let alone groups, where one could indulge in the activity. More Bangalore News»

		Hyderabad
		Traffic cops file plaint on unsafe digging of roads Kishan Reddy demands action on 'editing' of question in Assembly BCCI asks HC to appoint two judges to take control of HCA More Hyderabad News»

		Chennai
		Will issue warrant if you don't appear: HC to police commissioner 'It is a chance to regulate royalty fee collection' Raaja's rights tune splits IPR experts More Chennai News»

		Ahmedabad
		2 kids in 21 days? Woman fudges records for district panchayat seat Ironically, the woman documented such a short gestational history in a desperate bid to put on record that the third child was born before the cut-off date for the two-child norm was implemented. Narmada water to Kutch, Saurashtra cost Rs 4,221 crore I'm not in CM race: Vaghela More Ahmedabad News»

		Allahabad
		Hours after Adityanath takes oath as CM, officials seal two illegal slaughterhouses in Allahabad Two slaughterhouses were sealed by the authorities on Sunday night, a development that came within hours of BJP leader Yogi Adityanath taking over as the Uttar Pradesh Chief Minister. Almost a year ago the National Green Tribunal had ordered the closure of these two slaughterhouses. BSP leader shot dead in Allahabad 60-year-old Mohd Shami was gunned down by assailants close to his residence in Mauaima police station area, 40 kms from the city, according to Senior Superintendent of Police Shalabh Mathur. Sirathu celebrates as Keshav Prasad Maurya becomes deputy CM When Phulpur MP and state BJP president Keshav Prasad Maurya took oath of deputy chief minister, Sirathu, the small hamlet in Kaushambi district erupted in celebrations. More Allahabad News»

		Bhubaneswar
		Pyarimohan Mohapatra cremated New station to come up at Paralakhemundi: Suresh Prabhu Bargarh village to slap fine for consuming liquor More Bhubaneswar News»

		Bhopal
		Caracal vanishes from MP, triggers extinction fear Cong sniffs land scam against minister & family Blackboards spring up in Bhopal prison 'school' More Bhopal News»

		Chandigarh
		Haryana police book 46 for Fatehabad violence At a time when the Jats in Haryana have just ended their 50-day agitation for withdrawal of criminal cases registered against members of the community for the February 2016 violence, Haryana police on Monday booked 46 persons, including three women, for their alleged involvement in the Fatehabad violence on Sunday. Girl kills friend for not marrying man of her choice A 23-year-old girl was booked for allegedly murdering her best friend for not marrying a person of her choice. According to police, Meena was booked for murder on the complaint of her friend's father Inder Singh at Panipat's Model Town police station on Sunday. Panipat girl murdered by bestie within 17 days of marriage In a shocking incident, a 23-year-old girl allegedly murdered her bestie by poisoning her within 18 days of latter’s marriage drink in Panipat. More Chandigarh News»

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