What are the major benefits and limitations of PPF Accounts?

Jan 18 2024 Published by admin under Uncategorized

The fixed deposits have been the primary choices of the majority of people in India. For those, it could be one of the best modes of investment with assured returns because the rate of interest is also higher than other types of deposits.

Let us discuss other significant benefits and limitations of PPF Accounts in brief.

Advantages of PPF Accounts:

The major advantage of depositing money in a PPF account is that whatever interest you will earn in between, is a tax-free return.
The rate of interest in case of PPF investment is comparatively higher than the traditional fixed deposits (FD).
You are eligible to avail a tax rebate up to 1,50,000/- as per 80C of Income Tax Act.
You can start investing with a minimum amount as 500/- and a maximum of 1,50,000/- per financial year.
You can deposit said amount in monthly instalments (12 months) by cheque, cash, bank transfer.
A partial withdrawal is allowed but after 7 to 15 years of maturity period.
The PPF account can be opened in post offices, the recognised banks in India whether it is public or private sector banks.
Thus Investing in public provident funds offer several benefits when it is compared to other types of deposits like saving deposits, fixed deposits, recurring deposits or Flexi deposits.

Disadvantages of PPF Accounts:

The PPF accounts have a lock-in period of 15 years which can be extended in 5 years blocks, meaning you cannot withdraw the funds before 15 years.
The first financial year in which you have opened the PPF account will not be considered, meaning the maturity period would be fully 15 years besides the first year.
Only one PPF account per person is allowed, however, you can transfer your account anytime in any organisation.
The premature withdrawal is not allowed till the 3rd year from the date of opening, however, you can get a loan against the balance amount after a 3 to 6 years time period.
The monthly interest rate shall be applicable only if you deposit money into your PPF account from 1st to 5th of every month, otherwise, you would not earn any interest for that month.

Eligibility:

Any individual who is resident of India is eligible to open a PPF account in the post offices or any popular banks, but an NRI can’t open a PPF account in India.

Nevertheless, if you have already opened a PPF account before having NRI status, you can still operate it up to 15 years but it can’t be further extended.

The PPF account of minors can also be opened but it shall be operated by their parents.

How to open a PPF Account?

The process of opening a PPF account is very simple. You can either approach the post offices and commercial banks or can apply online.

You need to carry proof of identity, address and passport size photo and then fill the application form (Form A). The minors PPF account can also be opened under parents supervision.

If you hold an account in ICICI bank or HDFC bank, you can directly request for opening a PPF account through the internet banking portal.

Wrapping Up:

The PPF investments have always been preferred mode of investment for salaried as well as working professionals. The returns are not only guaranteed by the government but at the same time, it provides monthly compounding rate interest as well.

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4 Common Tax Saving Mistakes You Might Make?

Jan 18 2024 Published by admin under Uncategorized

Every person has one thing in my mind while paying the taxes is to save it. We have made a to-do list that you can check at the last minute and avoid errors while filing a tax. Some people are also not aware that they can save their tax while investing in investments. Most of the people are below 6.5 lakhs they can save a lot of money rather than paying as tax. We at Imperial Finsol gives advice

· Where to invest?

· What to invest?

· How to invest?

· How your taxes can be saved?

1. Purchasing an irrelevant insurance policy.

Saving is an important part of tax investment. If we are talking about insurance policy people generally purchase it from their relatives or anyone closer to them. When a financial planner asks them about the investment they show their insurance policy. But actually, Insurance policy is their expense, it is not an investment that can be benefitted in the long term.

2. Waiting till the Last will always be benefitted

With tax-saving instruments such as ELSS mutual funds, you don’t really need to wait till the last. We can make investments anytime. Through Imperial Finsol you can always keep a watch on your investment through their app. If we do investment at the last moment there will a lot of headaches at the end. It is always beneficial if we do the investment at the beginning of the Financial year, It saves a lot of time and patience. Even if you are opting for FD & PPF it is also necessary to start it at the beginning of the Financial year.

3. Lack of knowledge of lock-in periods and their relationship with Inflation

Many new tax-saving investors often fixate on “stability” and “safety”, after comfort. The lock-in period is justified away. But with most options having a lock-in period of at least 5 years and 15 years in the case of PPF, you are at risk of underestimating the impact of inflation and what your money will amount to at the end of the tenure. You need to ask yourself – are you making the most of your hard-earned money?

With tax saving mutual funds, your money is most likely to stay well ahead of inflation, even if inflation goes up. At a historical rate of 7 percent, inflation is likely to make things cost double what they do now, in a decade. This means that lock-in of 15 years will also have significant consequences inflation wise. Many investors forget this fact.

Your tax-saving money can be a significant part of your long term wealth corpus if you invest right. A lakh a year invested is no laughing matter when you are looking at the growth rates the equity market is capable of generating (about 12 percent going forward is the expectation). ELSS tax saving funds are the primary tax-saving tool that can exploit this fact. You are potentially looking at a Rs 24 lakh corpus in 10 years by just investing Rs 8,000 a month in tax saving funds.

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PNB Housing Finance Q2 results: Net profit dips 15% to Rs 312 crore

Jan 18 2024 Published by admin under Uncategorized

PNB Housing Finance NSE 2.25 % reported a 15 percent dip in net profit on lower business volume and deterioration in asset quality while the company is still in limbo about raising growth capital.

Net profit for the mortgage lender stood at Rs 312 crore in the September quarter against Rs 367 crore in the year-ago period. Pre provision operating Profit remained stable at Rs 575 crore compared to Rs 578 crore over the same period.

The company’s net interest margin stood at 3.5 percent as compared to 3.2 percent a year back.

Its loan disbursements nearly halved at Rs 2,444 crore in the second quarter compared with Rs 4,969 crore in the year-ago period. Its asset under management (AUM) shrunk to Rs 81,221 crore from Rs 89,471 crore.

The company said its loan disbursements during the quarter witnessed gradual pick up, primarily in the retail segment, and has reached 86 percent of pre-Covid-19 levels. Retail loans contribute 82 percent of the AUM.

Its gross NPA stood at 2.59 percent of loan assets while net NPA stood at 1.46 percent against 0.65 percent a year back.

The board of PNB Housing Finance has already approved to raise Rs 1800 crore through rights issue or preferential issue to augment its capital base. The decision will be subject to requisite approvals including those from shareholders through a general body meeting or postal ballots, the company said in the exchange filing. Its shares had climbed over 10% as investors anticipated the fundraise. Its promoter Punjab National Bank NSE 0.56 % is awaiting the regulator’s approval to pump in up to Rs 600 crore in the company, which has been looking to mobilize capital for over three quarters now.

ACE Digital Platform

“Demand for Housing Loan to improve,” said Hardayal Prasad, MD, CEO of the company. PNB Housing Finance is set to launch the housing finance industry’s first digital platform for loans offering. With the launch of its ACE digital platform, the company intends to leverage the technology to offer a convenient and contactless loan process for its customers.

The new digital platform automates the end-to-end loan process, including data collection and verification as well as lead generation and management through various digital channels.

Using this new platform, the customers can upload documents online leading to a backward integration of the verification process such as PAN, Aadhaar, digital signatures, and video-based KYC and geo-tagging. The information is then integrated into the company’s underwriting platform for further processing of the loan application.

For FY21, the company has set a target of 9-10% of new loans through its ACE digital platform as the pandemic will also motivate prospective customers to use this new digital channel for the loans they need. NSE india limited Shares

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What to Take to Your Party Make-Up Consultations

Jul 07 2023 Published by admin under Uncategorized

With the approaching holiday season it’s time to party! Why not take opportunity of this fact by offering party makeup consultations. You would be making your clients feel special and you’ll be earning some extra income.

In addition if you’re in direct sales party makeup consultations provide you with another opportunity to demonstrate and sell products. Why not use your skills to make people look good or even teach others how to make themselves look good.

The first thing you need to think about is what you actually need to take with you to hold a successful party makeup consultation. You’ll need the following:

· A Makeup Kit

· Disposal brushes*, cotton pads, cotton buds

· Products for sale

· Mirrors

· Hand Cleaner

· Face Cloths and Towels

· Hair Bands and Clips

· Makeup Remover and Skin Care Products

· Table Cloth

· Beauty Apron

· Beauty Coat

· Business Cards

· Small Notepads and pens

*It is better to use disposable items instead of sharing brushes. It gives a sense to the guests that you are very professional and mindful of health and safety. If you do use non disposable brushes during the consultation do not use them on different faces without cleaning them with a proper brush cleaner in between.

With Party season coming up you might want to create gift sets. For example if your clients are going to a party you might want to put a lipstick, blusher, highlighter, powder and mascara for example together in a pretty bag that they can purchase and take with them to the party for touch-ups. Just make sure that you use those items in your consultation to demonstrate how to use them.

You can also take some small notepads and pens for the guests to make notes on what they discover and they might want to jot down any make-up tips you give them or jot down any colours or any products that they used at the consultation. One further item to remember if you’re running a beauty business is to take some business cards to hand out as well.

If you regularly hold party makeup consultations I suggest creating a checklist that you can look at to ensure you don’t forget anything. There’s nothing worse than being at a client’s home and realizing that you’ve left something critical behind.

What’s stopping you? Why not use your skills and creativity to earn extra money this holiday season and at the same time make other people look good and feel special in their party gear too.

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Top Search Engine Optimization Consultants and Specialists

Jul 07 2023 Published by admin under Uncategorized

SEO specialists provide all the search engine optimization services that your company needs. SEO experts ensure that the search results are at the top of the search engine rankings. They provide quality service and it will make your site more attractive and beautiful. SEO consultants provide good service backup every time. Top SEO Companies provide the leading search engine optimization service agents all around the globe. They ensure the attractiveness and the quality of your website. Top SEO consultants are the main factor in the search engine marketing companies that provide the best services. Search engine optimization specialists not only provide the product which the customer buys but also provide extra benefits for the product.

More people are attracted to the internet trade because of the benefits that the companies provide. It is always necessary to have a good SEO service backup for your company’s official site. Top search engine optimization companies also have a variety of plans for the services provided by the top companies. These SEO firms have developed a lot because of the scope of internet marketing and the usage of the internet. They are the best place to make your own web address. Search engine optimization experts provide the best services in the country. There are lots of SEO firms around the world which focus on providing the best and quality SEO services. SEO specialists will all the time be a boon for top SEO firms. User friendly sites and quality services are provided by the top consultants.

There are many companies that employ SEO specialists. Best search engine optimization firms are one of the most developing businesses all over the globe. These firms have the most developed SEO services available in the market. Expert SEO consultants have a good team of technical support engineers that work hard for the recognition of the SEO service. All the search engine optimization companies are equipped with the latest technology and a good team of service experts. The entire SEO firms update their company with all the latest and modern facility. All kinds of doubts of the client will be removed by the SEO Companies. These firms will be equipped with a good team of service engineers that works all day long to assist the clients. It is always the better way of marketing a product or a company.

The success of SEO companies lies in the hands of a good team of workforce who always update of all the changing trends and fashions. The best advantage with the top SEO consultants is that they provide fine and quality services to develop your web site. Best search engine optimization consultants are a crucial part of the development of your web site. The best SEO firms should be used for the creation and development of your web page. SEO firms create web page traffic and web page reputation. They also provide the best web user’s traffic that your web page can get. Top SEO firms can be created with the help of good SEO providers. A good team of back up engineers develops the web page to make and maintain the reputation and popularity of your web sites.

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Become Successful Through Consulting Skills Training

Jul 07 2023 Published by admin under Uncategorized

If you plan on being successful in sales consulting, then you need to have the skills in place that will ensure you continue to bring in sales. For this, you need to understand that only part of the process will be having luck on your side and there are things you can actually do to land sales. What you will find is that while past experience can help you with this, group facilitation experience can also help you to shine.

The first and most important pieces of sales consulting will be the ability to communicate with others, when you aren’t face to face with them. You need to have the ability to control the conversation and have it result in return calls. For this, you will find that everything from the way you talk on the phone, to referencing benefits from the start of the conversation can be important. Some of this may come naturally; other parts of it will come from your consulting skills training.

Just as important as communicating over the phone is important, listening to what others are saying will also have some impact. You need to be able to hear what people aren’t saying when they are communicating with you and understanding that the perceptions of others can also be how you will eventually sell them on a point. The goal is to listen to them and allow them to believe their concerns are new to you and that you are taking a fresh perspective to this viewpoint. What consulting skills training can show you is that if you present information according to a script, it will push people away, no matter how valuable the information is.

Another point to keep in mind is that when you are doing group facilitation, you know that the more knowledge you have, the more you can guide the conversation. This is why you need to ensure that you know the ins and outs of the sales consulting benefits and options that there are. This can help to provide customers with accurate information, while gaining their trust and their full respect as you are going over the options that are available.

Of course, just as important as it can be to close a sale, you also need to know the dead ends when you find them. Sometimes, you can spend endless hours speaking to people who will never be interested in what you have to sell them and they may communicate with you because they are lonely, while others don’t have the heart to tell you no. With your consulting skills training, you can spot these individuals and break off the communication and stop wasting your time.

It will be important that you look over all the different skills that are going to be essential for you to achieve some level of success. With the right company giving you the insight and understanding of these items, you will find that you can be successful in this industry.

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How Marketing Consultants Can Make the Difference In Your Web Design Project

Jul 07 2023 Published by admin under Uncategorized

Web design is an integral part of a modern marketing campaign. The quality of the design and coding work done on your website is incredibly important, as a DIY website simply cannot compete with a professionally created online presence. Even if the aesthetics were equal, which is unlikely, a professionally designed and well built website will always outperform a homegrown page because of the tremendous amount of coding and back-end work that goes into doing it right.

Often, small business owners turn to web designers for help getting started, only to find that they don’t “speak the language” of web design, and this leaves them unsure of what to ask for, how to answer the web designer’s questions, and whether they’re truly getting a good deal. This is where a reliable marketing consultant comes in. By hiring a marketing consultant, business owners benefit from having an advisor and liaison who can translate the web design lingo, leverage their standing professional relationships for better pricing, and handle the day-to-day issues that arise during web development work so that you as the business owner can focus on your business, not your website.

Marketing consultants are sometimes freelancers, but they are just as often team members working for advertising agencies. If you’re working with an independent web designer and have hired an advertising agency, they will fill this role for you and handle the minutiae, bringing you in periodically for the bigger decisions. Even then, a knowledgeable marketing consultant will narrow down two or four dozen options to an easily navigable top five, for example, explain the choices at hand, and make recommendations as to a path forward.

Alternatively, small business owners sometimes hire advertising agencies or marketing consultants first, letting these companies bring in their own team members or freelancers for web design. Regardless of how the situation comes about, in addition to helping you navigate the waters of a web design project, an advertising agency and/or web consultant will bring one other major component to the table: cohesiveness.

When building a website, it’s important to understand that while web development often seems to occur in a vacuum, it truly should not. Websites are key parts in a comprehensive marketing campaign that should typically integrate Internet and traditional marketing elements. Therefore, a great website is of even more value when it is the main piece in a large puzzle rather than a separate entity that does not align with the remaining pieces. That is, if a customer has been to your brick-and-mortar shop or has seen your TV, print, Internet, or direct mail advertisements and then visits your website, the branding should be consistent across all of those platforms. The site should immediately be identifiable as part of the whole, and that only happens when your web consultant and/or your advertising agency is intimately involved in your entire website design project.

Finally, it’s important to keep in mind that web design projects are often bid without regard to content, which you’ll be expected to provide as the business owner. The right advertising agency or marketing consultant will have staff or freelancers who can provide solid, clean, engaging content that also addresses your needs for Search Engine Optimization (SEO) while ensuring that your branding and messaging remains cohesive across all platforms.

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Grooming Oneself For A Management Consulting Job

Jul 07 2023 Published by admin under Uncategorized

Management consulting career is popular among recent graduates and experienced candidates because it offers intellectual challenges, a great sense of fulfillment and an attractive compensation and benefit package. Because it’s highly sought after, thousands of applicants submit their job application to top-tier firms each year. The competition for a single position has become tough; the reason why you must prepare hard for the recruitment process if you wish to land a job in this industry.

Begin your preparation by being aware of what you getting into. Before the recruiters gauge you for the vacancy, reflect first on how fit you are for it. Read the job advertisement and evaluate if you acquire the competencies to deliver the expected deliverables. Are you capable of analyzing and problem-solving activities? Can you communicate your ideas logically and get along with anyone well? Is going through quantitative data an effortless move on your part? Are you interested in learning about business operations conscientiously? These are just three of the questions you need to answer truthfully.

If you believe you have the right credentials, then it’s time to proceed with the next step – research about your target firm. The knowledge you gain from reading their website, from following their social media profiles and from communicating with those who are connected with the firm will guide you in the entire recruitment process – from preparation of your job application to acing case interviews. At times, because many applicants skip this aspect, they couldn’t get through with the selection procedure successfully. They fail to build a connection between their qualifications and the firm’s goals.

The next step is writing an excellent cover letter and resume. Excellent is the term used because it must be superior enough to pique the interest of the recuiters. Craft your marketing tools in a manner that will make the firm realize that you will be of great contribution to the company. This is possible as long as you keep in mind your research results. Further, make sure that you state only relevant information. This includes your achievements, work experience, education and other significant awards. Writing too many unnecessary details only puts your application aside.

You also need to prepare for the written tests. Though some management consulting firms skip this aspect, some also believe that it’s an effective way of weeding out applicants. Two of the most common pre-employment tests measure your verbal and numerical skills. The former determines your comprehension on text passages while the latter usually assesses how well you interpret charts and graphs. Some firms also request candidates to take a personality test to see if their personality or values match the non-technical aspects of the job or the corporate culture.

Candidates who get a good mark in pre-employment tests are often contacted for interview. In management consulting, there are two kinds of interview: fit and case. The goal of the fit interview is to determine if you attain the values required for the job. Questions focus on your commitment, previous experience and education. The questions are mostly behavioral in nature; recruiters will often ask you to describe a situation in the past where you exhibited either brilliance or weakness. It can be about your greatest achievement at school, about how you handled a difficult colleague or the weakness you’re trying to improve.

On the other hand, the case interview concentrates on your technical skills. Recruiters give you a vague business scenario, and you are expected to come up with acceptable recommendations within 20 to 30 minutes. To do well in this part, it is highly recommended that you master consulting frameworks. These are structures that illustrate how to analyze and resolve the problem on a step-by-step basis. In the actual interview, things can be very overwhelming, so it would help to come in with a guide in mind.

On top of these suggestions, keep meeting key people in the industry by joining networking events and activities. These connections may bring in some information and job referrals. Remember that most vacancies are circulated through the word of mouth. Who knows the firm representative with whom you had an engaging conversation at a career fair will refer you to a recruiter or hiring manager?

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How Training and Consultancy Organizations Can Be Useful for Personal and Professional Growth

Jun 23 2023 Published by admin under Uncategorized

Personal and professional development is necessary for every individual. It has a great significance for business organizations as it would increase the skill and knowledge of the employees. Training and consultancy organizations provide occupational and education training, and provides consultancy to the beginners in order to choose and decide the right field, at the start of their careers. For this organizations arrange different seminars and workshops in which experienced business professionals provide the knowledge and share their experience.

Consultancy ranges from management to IT and accounting. Companies pay the consultants and put their advice into practice for handling situations in an appropriate manner. In the UK many training institutes are present that offer all sorts of training services to the trainees who have a passion to excel in different subjects. For instance, if you work in the field of management, computer, accountancy, or even engineering, training institutes will provide you all the basic and advanced training, which would be beneficial for your professional development.

All training programs have the intention to develop professionalism and are designed according to the personal level of competency. These training centers offer many beneficial services to the participants for instance, a participant can identify obstacles and according to that he can calculate how much energy, resources, and task coverage is needed to achieve his goal. Some of the key competencies that are taught at training institutes may include verbal and written communication skills, listening skills, problem solving, team work, stress tolerance, and issues of high energy level.

Plenty of training centers are present in the UK who provide training services about time management, in this training participants learn how to plan and organize their time for their personal and professional development. Participants are also trained about how to delegate, limit interruptions, case study analysis, time management skill analysis, group problem solving, and priority analysis. The successful completion of the training course opens opportunities for unlimited growth. searchMe4 is a local and online business directory that provides contact details of the UK training services.

For more information on Training and Consultancy Organizations, visit our business directory

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Medical Regulatory Consultancy – Ushering A New Era In Life Sciences

Jun 22 2023 Published by admin under Uncategorized

The requirement of pioneering solutions in medicine is only possible now with regulations that define the right research. It also means approval of the right solutions with the help of consultation to aid development. It goes for big pharma players as well as the upcoming new companies that look at life sciences as their goal to provide quality medical devices. It is a team effort and the medical device regulatory consulting is an important agency that explores several customized options specific to various pharma companies.

The life science industry is expanding at an unprecedented pace. With constant research and technology available, many new devices and methodologies are being invented. With regular research it has also become critical to ensure that there are regulations for improvement of medical sciences. It is true concern on the part of the government that they strive for quality and perfection. Medical devices play a very important role in diagnostic processes. Thus, it is important on the part of the government to maintain highest standards to regulate them. But it is not always easy to maintain the highest standards. On many occasions the concerned firms fail to retain the standards specified the concerned government authority. One of the major causes for such failure is lack of knowledge. But such scenario can be successfully battled with correct consulting and training processes.

Medical device consulting firms provide with specifically trained professionals who help in obtaining quality and compliance for all type of medical devises. The proper methodology, skills and tools have a positive impact on the overall performance. Medical Device regulatory consulting is absolutely necessary for maintenance of quality systems. This is will help in meeting the strictest challenges posed by the regulatory authorities. One can choose from a number of medical device training courses. It is ideal to have umbrella coverage on all the issues arising inside the life science industry.

* Risk management – It is vital for the firms to have professionals with effective risk management training. They must go for training program that teaches to identify budding problems, method for checking the problem and prevention of future re-occurrence of similar situation.

* Documenting investigation- It is very important to have clear, comprehensive and effective documents. Any firm with professional who are trained in preparing such documents will be able in handling government authorities better. They must be trained with by experienced trainers to present the necessary data in crystal clear method.

* Medical Device Analysis- The professionals must be trained in order to conduct audit process for the medical devices and data. The medical devices must be put under regular audit in order to maintain quality. They must be trained for conducting both supplier and internal audits.

The professionals are equipped with a clear idea about analytical problem solving and quality system regulation.

In addition to training programs, the firms are assisted with consultation in specific areas like CAPA Systems, Management Control, Investigation facilitation and auditing. With specific suggestions from expert professionals in all the areas, the life science industry can address some of its problems in more organized way.

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