HDFC Mutual Fund launches online registration of SIP / STP

Slats on the leading edge of an Airbus A318 of...

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HDFC Mutual Fund announces the launch of a new feature on HDFCMFOnline, our online transacting facility. Now you can manage and register your Systematic Investment Plan (SIP) / Systematic Transfer Plan (STP) investments, online with a few easy steps. You will also receive an instant email confirmation of your SIP / STP registration. The steps for online registration are:
Step 1: Once you login to your folio on HDFCMFOnline, Select “SIP/STP” tab available at the top on the summary page.
Step 2: Provide the details of SIP / STP registration
Step 3: Confirm the details entered and note your SIP Registration Number (SRN)
Step 4: Register the SRN with your bank through net-banking, for auto debit of the SIP installment, selecting HDFCMF as a biller. This step is very important for execution of your registration and regular debit of your SIP.
If you have not registered for HDFCMFOnline, apply today for a HDFCMF Personal Identification Number (HPIN). Click here to download the HPIN application form. You are invited to view a demo of HDFCMFOnline which is on the homepage of our website. Your HPIN can also be used for HDFCMFMobile (our latest initiative which allows transacting on your mobile handset). To know more visit our website
Welcome to a whole new world of convenience built only with you in mind.

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Adani Power IPO: To apply or not?

Power of Calm

Image by ecstaticist via Flickr

Adani Power has completed allocation of shares to anchor investors. It allocated 5.25 crore shares to the domestic and foreign institutional investors for close to Rs 502.14 crore.
Foreign institutional buyers include T Rowe Price, AIC, Ecofin, TPG and Legg Mason. Among domestic institutions, Sundaram Mutual Fund pumped in Rs 81 crore in Adani Power and was allotted shares for Rs 95 each. While TPG and Legg Mason were allotted shares through Credit Swice and CLSA, respectively. T Rowe Price got the highest allocation of Rs 220.10 crore for equity share of Rs 95 each. AIC, Ecofin, TPG and Legg Mason invested Rs 24.20 crore, Rs 24.40, Rs 80 crore and Rs 72.4 crore, respectively.

In this background what are all the options available for retail investors. Short-term investors can apply at Cut-off price and should book profits as soon as possible. Long term investors can enter the scrip later as there are so many concerns related to coal supply and dependence on Chinese equipment suppliers and equipments quality.

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Online clients of Reliance Securities Limited are allowed to use their Demat Shares as collateral for trading limits.

CHONGQING, CHINA - JANUARY 9:  A worker moves ...

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This product provides opportunities to online clients of Reliance Securities Limited to make use of their Demat Shares as collateral for trading limits.
Ability to use shares as collateral provides an opportunity to unlock the hidden value of your portfolio. Share as collateral facility allows you to utilize opportunities in the market with your existing holding without infusing any additional funds.
Clients can pledge and de pledge shares from their DP holding at any point of time with just a click of a mouse without waiting for lengthy documentation.
While stocks are pledged clients continues to enjoy benefits of holding the stock such as appreciation in stock price, dividend, bonus or any such corporate action.
When shares are pledged as collateral, collateral amount (net of specified haircut) is added to the client’s trading limits available towards margin. The amount reduced towards haircut will not be available for any limits including for additional margin obligation or mark to market losses. This collateral amount can be used for new positions in Intraday Margin, Futures and Options sell positions. Option buying will not be allowed from collateral limits.
Debits in ledger arising out of positions taken by using shares as collateral, e.g.losses booked in intraday trading, realised and mark to market losses on futures & options positions as well as margin debited by exchange in case of carried forward positions
needs to be settled by funds. Otherwise such debit balances will attract interest at the rate of 20% till settled. All debits due to realised and mark to market losses and equity markets debits should be settled immediately and not later than the 5th day of the debit in order to avoid margin selling, i.e. recovery of debit amounts by sale of collateral. Margin debits can be carried forward as long as margin requirements as specified by exchange are met through shares as collateral.

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Reliance money introduces EXE based platform

Stock chart showing levels of support (4,5,6, ...

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After a long wait Reliance Money has introduced a Exe base trading platform called  Super Trade – For Equities & Derivatives:
Exe based client front end application installed in client’s PC provides superior trading experience .
• Fast execution, real time streaming data.
Fully Customizable display
• Manage your display screen the way you want with
multiple market watches, multiple charts arranged in the
way you want.
Dynamic Charts with Indicators
• Get Dynamic Charting facility with host of technical
indicators that provides you with real time assistance on
technical analysis.
EOD Charts
• Get EOD charts for long term analysis with all technical
Live order status with real time order tracking
• Track your stock order and trades in real-time.
Real time position updates
• All your positions are updated automatically and instantly
with real time profit/loss updates.
Derivative chain
• This feature provides you with a list of all derivative
contracts available for the selected security. To view
derivative prices of a security just right click on the
symbol and click on derivative chain.
Other features
• User can create multiple market watch, with about 200 scripts in each
market watch.
• Key Board shortcuts available – E.g. F1, F2, F6 (+), (-) "Insert" and
"Delete", etc
• Add NSE, BSE, FONSE and ETFs on the same market watch.
• Trade data concurrency i.e. orders / trades placed from Easy trade,
Insta trade, Fast trade, Sub broker or call center can be viewed
• All trade reports and history reports available.
• Fund Transfer & Fund withdrawal facilities are also available.
• Client Portfolio available under Web links
Note: : Process for usage/application will be updated shortly

Super Trade Download Process

Log in to following FTP:

User Id:         rmoney

Password:   rmoney

  • If you are unable to log in please check that whether there is any user id or password already stored.
         Please click on File menu and check in the "Login As" option.
  • Once you are logged in please copy "SuperTrade.msi� on your desktop and run the file.
         Install by clicking on "Next" and at last "Finish".
  • Super Trade icon will appear on your desktop, click and log in, using your existing User Id, Password and token.
  • You may get an error, after clicking on the Super Trade icon on your desktop. In that case you require to install JVM on your PC.
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  • Suzlon again catches investor’s fancy: Buy says India Infoline

    NEW YORK - OCTOBER 13:  International indexes ...

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    Our favorite Suzlon again catches investor’s fancy. This week, India Infoline in their weekly news letter, advised their clients to buy Suzlon for a target of Rs116 in short term. Other stocks they advised buying are RCOM and UNITECH.

    For full report, please click here.

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    Reliance Money Charges Rs.15/executed order for Limit Card User

    A cow being slaughtered for leather.

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    Reliance Money lived up to Great Reliance tradition. Reliance money shocked its customers by announcing Rs.15/ executed order, irrespective of mode of ordering. Even online limit card customers also subjected with this new unjustified tariff. This new tariff came in to effect from 20.07.2009.  After achieving a mass customer base and testing their useless trading interface, Reliance money turned back to it’s old tradition of bleeding their loyal customers.  Now Reliance Money is economical only to big volume traders. Others better to close the account with Reliance Money and open A/c with any other reliable brokerage houses.

    Goodbye Reliance Money.   

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    LIC MF Floating Rate Fund –STP Introduction of Daily Dividend & shift to Debt Fund category

    Comune di Bari

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    It has been decided to change certain features of the LIC MF Floating Rate Fund. LIC Mutual Fund has decided to offer the option of daily dividend to the investors under LIC MF Floating Rate Fund. In order to get you the advantage of lower Dividend Distribution Tax, the scheme will be converted into a Debt Fund from liquid fund category w.e.f. 20/07/2009. Dividend distribution tax will be charged @14.16250%/22.6600% as is applicable under debt fund scheme. No holiday NAV will be declared from 20th July, onwards and cut-off timings for purchase/redemption will be as that of debt schemes .

    In order to help you to understand and encourage you to take part in the new option offered, the key features of LIC Floating Rate Fund - STP are given below . We are enclosing the Statement of Account of your holding in Floating Rate fund alongwith the switch option slip tear off which you may execute and submit at any of our Area Offices/Business Centres/Karvy Centres.

    The key features of the Scheme are as under:

    Name ; LIC Mutual Floating Rate - STP

    Opening Date of New Option : 20th July 2009

    Closing Date of New Option : 20th July, 2009

    Type/ Category : Open Ended Debt Scheme.

    Investment Objective : To generate consistent returns by investing mainly in floating rate instruments fixed rate instruments/fixed rate instruments swapped for floating rate return so as to minimize the interest rate risk for the investor.

    Asset Allocation:

    • Money Market Instruments 65 - 100%
    • Debt Instruments : 0 - 35

    Benchmark Index : CRISIL Liquid Index.

    Options: (a) Dividend : Daily (payable weekly), Weekly

    (b) Growth Plan

    Minimum Investment : Minimum Rs.5,000/- under each option

    and in multiples of Rs. 500/- thereafter


    NAV: NAV/ Repurchase / Sale price will be announced on a daily basis except on Saturdays / Sundays / Public Holidays and during book closure period. Units will be allotted at the applicable NAV.

    Entry Load and Exit Load : NIL

    SIP /SWP/STP/AWOCA available.

    Nomination Facility : Available to Sole / Joint Individual Unit holders

    Registrar : M/s. Karvy Computer Shares P. Ltd.

    Exit Option: In terms of SEBI (Mutual Fund) Regulations 1996, unit holders of the LIC Mutual Fund Floating Rate Scheme are hereby given an option to redeem the units at the prevailing Net Asset Value without any exit load, if the approved changes as above are not agreeable to you. The effective date of launch of the new dividend option is 20th July, 2009. Those investors who are continuing in the scheme may exercise the option to switch to daily dividend option, if they desire. Units under new option will open for subscription from on 20th July, 2009. The book closure period for the new option will be on 21st July, 2009. Daily dividend option will be opened for sales and repurchase w.e.f 22nd July, 2009.
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    HDFC Bank withdraws NEFT charges

    Misleading Customer Service Kills Your Business

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    On 10th May,2009, HDFC Bank achieved a milestone in customer service by levying Rs.5.52/ NEFT online transaction. It is the first private sector bank did so. Customers are furious. Some even closed their accounts. Within 2 months of introduction of this charge, HDFC Bank silently withdraws this levy. Effective 1st July '09, eMonies National Electronic Funds Transfer will be FREE for all HDFC Bank customers. Good beginning.      

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    Reliance Regular Savings Fund - Equity – Dividend – 50% Dividend announced

    Scheme Name Dividend(%) Record Date

    Div.Yield (%)

    Reliance Regular Savings Fund - Balanced - Dividend 30%



    Reliance Regular Savings Fund - Equity - Dividend 50%


    Reliance Equity Opportunities Fund - Dividend 20%



    ATM problems : Tips from Mr. Subramani of Chennai

    A Portuguese ATM running (or not) windows, in ...

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    One of our valued reader Mr.Subramani of Chennai, has left some important tips on handling ATM problem in our previous post. As we consider his suggestions are very useful, we are posting his comments as a new post. Thank you Sir.

    It is true. I had a bad experience like this. I am Axis bank customer and approached an ATM of Axis bank at T.Nagar, Chennai in the month of June. Since, it was not working at that time, I used Union Bank of india ATM nearby. I requested Rs.25000/- from the ATM. But to my wilderness, the transaction failed with an error as "transaction declined" but my account has been debited. There is no complaint register, no security person.
    I immediately informed both Axis bank customer care and Union Bank of India staff. My transaction was the last one for the day and ATM went out of order and I waited there for several hours hoping that some service engineer will visit and reveal what happened.
    Union Bank advised me to approach only through Axis bank.
    Customer care of Axis bank asked me to wait for 12 working days.
    I lodged at the branch of Axis bank. They told me to wait for 40 days since it was a failed inter bank transaction.
    I approached Banking Ombudsman of RBI, Chennai with a fax and sent a copy to Axis bank as well as Union Bank.
    On seeing the developments, Axis bank immediately reversed the transaction taking a letter from me to withdraw the complaint.
    It is a big ordeal for me and my family mentally.
    The experience tells us to be careful while dealing with ATMs of other banks:
    1) Don’t take big amount in one lot. Split it severally. You can transact them with a time gap also.
    2) Keep the transaction slip carefully.  If problematic one, take xerox sufficient copies of the transaction slips since the details of the transaction slip will fade away in due course.
    3) Immediately contact both the customer care centres and get a complaint id.
    4) Lodge a complaint with the branch immediately.
    5) RBI stipulates 12 working days for settlement. If not resolved, approach banking ombudsman of RBI with a copy to concerned banks.

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    What to do when your ATM transaction fails?

    NEW YORK - JULY 21:  A man operates an automat...

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    There are numerous complaints about failed and partly failed ATM transactions in India. The RBI had promised an expanded access to bank ATMs from April 1 this year.

    Three months later, it is turning out to be a nightmare for many customers as banks still haven’t got their act together.

    Just try getting cash out of an ATM of a bank (where you don’t have an account). It will be nothing short of a miracle if your transaction goes through smoothly. Often your request is turned down — for a variety of operational reasons.

    What is  failed ATM transaction?

    You may not get the cash — but your card swipe may have still deducted the balance in your account.

    What to do now?

    1. Keep the transaction slip  safely
    2. First inform the security person employed at the ATM and register a complaint in the complaint book available at the ATM and ask the security to counter sign that complaint.
    3. Then visit your branch and ask for complaint form. Fill the details in that form and take a xerox the form and then submit the form to your bank and get the acknowledgement in the xerox copy. Follow through with an email.
    4. Regulatory norms mandates that the bank should complete its investigation within 12 working days. Otherwise they need to pay penalty.
    5. Even still your grievance is unresolved, you can approach banking ombudsman 
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    Banks to pay penalty for ATM errors

    ATM at the secretary of state in Portage, MI

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    Mr. R. Karthikeyan has forwarded me an important news from the Economic Times. Thank you very much Mr. Karthikeyan.

    BANKS will now have to pay accountholders a compensation of Rs 100 per day for every day of delay in reversing a failed ATM transaction.
    The Reserve Bank of India (RBI) has imposed stringent penalties on banks who fail to reverse a transaction where cash is not dispensed by the ATM but the customer’s account gets debited within 12 days.
    In a circular issued on Friday, RBI has said banks must re-credit such customers’ accounts within 12 working days from the date of receipt of the complaint.
    The circular is in response to complaints from customers who had to put up with delays in getting back money erroneously debited during failed ATM transactions. Besides imposing the stiff penalty, the central bank also made it clear that this amount needs to be credited to the customer’s account automatically on the day of the re-credit without the customer having to make a claim.
    In case the delay is because of a third-party bank ATM through which the customer has transacted, the card-issuing bank must still pay the penalty to the customer. However, it will recover this amount from the bank that owns the ATM.
    Similarly, if a non-bank network operator is the reason behind the delay, the bank will make the payment and recover the penalty from the operator.
    Furthermore, the RBI has instructed banks to extend the scope of concurrent audit to cover cases of such delays. Banks are now also required to place a quarterly review of ATM transactions to its board of directors, indicating the quantum of penalties paid, reasons for the same, and the remedial action taken to prevent the recurrence of such cases. A copy will have to be forwarded to the central bank.
    This apart, the Reserve Bank made a critical note of different banks setting different cutoff limits for permitting cash withdrawals from/for other bank customers.

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    Buy Suzlon in every dips

    Eiffel Tower Fireworks, 14th July 2009

    Image by Breff via Flickr

    We are very optimistic about the near term and long term outlook of Suzlon. It is in the one of the few recession proof industries. Past performance instill confidence on the management. They may sort out technical issues with the acquisition of RE Power. We strongly recommend BUY.  

    Mobius on things that could cause the next big crisis

    NASDAQ in Times Square, New York City.

    Image via Wikipedia

    We may not have recovered fully from the crisis that hit us last year but there are some people out there who are a step ahead and are already seeking reasons that could cause the next big crisis. Mark Mobius, the widely respected guru of emerging markets believes that derivatives and the stimulus money could well spark the next financial crisis. Speaking to Bloomberg, Mobius has opined that political pressure from investment banks and all the people that make money in derivatives will prevent adequate regulation from coming into effect thus letting it flourish unchecked.
    It should be noted that the enormous write-offs of the magnitude of US$ 1.5 trillion that the world’s biggest banks had to take last year was due to the excessive use of derivatives, most of it unregulated. Although governments are trying their best to introduce more regulation, banks seem to lobbying hard against any change that would prevent them from taking the risks they took some time ago.
    Mobius also noted that a 'very bad' crisis may emerge within a few years as stimulus money to the tune of US$ 2 trillion globally would add to more liquidity and hence, financial volatility. The emerging markets guru has also predicted a number of short, dramatic corrections in stock markets in the short term, saying that corrections of the order of 15 to 20% are nothing when there is uncertainty all around.

    Thanks to LiveMint

    No comments to add.

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    Online Transactions now require an additional layer of security : RBI

    NEW YORK - MAY 20:  In this photo illustration...

    Image by Getty Images via Daylife

    The Reserve Bank of India (RBI) has mandated that from 1st Aug 2009 all online credit card transactions require an extra level of verification. Your credit card issuing banks are therefore, implementing a "Verified by VISA" or "MasterCard SecureCode" password.

    You will need this password to continue transacting online from 1st Aug 2009.


    What is the "Verified by VISA"/"MasterCard SecureCode" password?

    This is the password that your credit card issuing Bank provides. For example - ICICI Bank, HDFC Bank, Citibank, HSBC Bank, Axis Bank, SBI etc. This password is the additional layer of security for all your online transactions.

    Register for your
    "Verified by VISA" or "MasterCard SecureCode" password with your credit card issuing bank before 1st Aug 2009

    How it works?


    Benefits of "Verified by VISA"/"MasterCard SecureCode" password

    Even if you lose / misplace your credit card it cannot be misused online as the password is not present on the card.

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    Unofficial Google Gears support for Firefox3.5

    Mozilla Firefox

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    Those people who recently upgraded their Firefox browser to version3.5 would find very difficult with the fact that it’s incompatibility with Google Gears or Offline support.  But you can download unofficial Google Gears addon from the following links to enjoy the offline support.

    Linux i386:
    Linux x86_64:

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    Yahoo Geocities closing

    Yahoo did it again. After their online storage service called as Briefcase winding up, they came out with an announcement of “ Geocities” closing.

    (67 unread) Yahoo! Mail, johnchristi_1247450975119 

    Important notice: GeoCities is closing.

    Dear Yahoo! GeoCities customer,
    We're writing to let you know that Yahoo! GeoCities, our free web site building service and community, is closing on October 26, 2009.
    On October 26, 2009, your GeoCities site will no longer appear on the Web, and you will no longer be able to access your GeoCities account and files.

    What You Need to Do
    If you'd like to move your web site, or save the images and other files you've posted online, you need to act now by choosing one of the following options:

    Move your site to Yahoo! Web Hosting.
    We know your files are important to you, and we want to make moving to Web Hosting as easy and affordable as we can. For a limited time, you can move your files automatically, take advantage of terrific features like a personalized domain name and email, even redirect your GeoCities web address to your new site — all for only $4.99 a month for a full year.
    For more information and complete terms, please see our special offer now.

    Download your files to your own computer.
    With your pages and images saved offline, you can re-create your site with any hosting provider.
    To quickly download your published files, visit your GeoCities web site, right-click on each page, and choose Save Page As... from the menu that appears. Choose a location on your computer to save your files, then click OK or Save. Learn more about downloading your files.

    Don't Wait
    Please be aware that after October 26, your GeoCities files will be deleted from our servers, and will not be recoverable. If you'd like to save your files, you must download them now or move to Yahoo! Web Hosting. If you need assistance, please visit the help center.
    We want to thank you for being a GeoCities customer, and hope you continue to enjoy our other Yahoo! services.
    Best regards,
    The Yahoo! GeoCities team

    Indiainfoline’s New Model Portfolio

    IIWW_100709.pdf (application-pdf Object)_1247234399492 Indiainfoline has constructed a new model portfolio for investment. The list includes ACC, Bajaj Auto, Canara Bank, DLF, ICICI bank, ITC, Indiabulls Real Estates, L&T, Reliance, Reliance Capital, RCOM, Simplex infra, Sintex and suzlon.

    For full report, Please Click here

    Don’t withdraw cash from other bank’s ATMs

    This is the story published in the Hindu Businessline. I am publishing here as this problem is highly relevant now and I myself undergoing trauma after tried to withdraw cash from ICICI bank’s ATM from my HDFC Bank A/c.

    The promise of ‘Free access to all ATMs for bank customers’ across the country was expected to revolutionise customer experience.

    (The RBI had promised an expanded access to bank ATMs from April 1 this year).

    Three months later, it is turning out to be a nightmare for many customers as banks still haven’t got their act together.

    Just try getting cash out of an ATM of a bank (where you don’t have an account). It will be nothing short of a miracle if your transaction goes through smoothly. Often your request is turned down — for a variety of operational reasons. Bankers do admit that there are compatibility issues remaining to be sorted out. For instance, different banks have different limits on the amounts that you can draw.

    In the normal course, if your ATM request gets turned down, you would just resign yourself to this disappointment and quietly look for your own tried and trusted bank’s ATM. Ah! If only life were that simple. As you will find soon, the problem doesn’t end there. You may not get the cash — but your card swipe may have still deducted the balance in your account.

    Now try telling your bank or the other bank (from whose ATM you tried to draw cash) about this and see how they make you run from pillar to post. And they just won’t let you register a complaint. Listen to this traumatic experience:

    Says Mr Ramasubramanian, a Savings Bank account holder in SBI, ‘I went to draw cash from the SBI dispenser near my house. As the cash dispenser was ‘out of order’, I opted to draw from the IOB point located near by. When I punched the amount, it displayed ‘High amount’. I returned home to check my balance on the Net and found that my account was debited, but the machine had not dispensed cash. I rushed to the Indian Overseas Bank branch in Mandavelli (in Chennai), only to be told that I would have to report the matter to the bank in which I hold an account. When I explained my predicament to an SBI official, he asked me to send my representation to the home branch (where I had initially opened my account). Incidentally, I am now working in Chennai, but I had opened the account in an SBI branch in Bhubaneshwar, my first place of posting.’

    SBI officials, when contacted, said “core banking is only for transaction and some of the other facilities that we offer. Such complaints are outside the purview of CBS. The customer will have to lodge his complaint in the home branch.”

    Weekend woes

    Mr Ramasubramanian is not alone. The plight of Mr Mahendran (also an SBI customer) sounds worse. He had, on a Saturday, tried to withdraw cash from an IDBI ATM located near his residence in vain. He then tried at the Axis Bank machine, only to be told by the security personnel that the ATM was rejecting cards of other banks. He then tried with the Canara Bank ATM. “The message read ‘Transaction cancelled’. So I went in search of an SBI dispenser, and found to my dismay that my account had been debited. Since all this happened during the weekend, I had to wait till Monday to represent the matter. An IDBI official asked me to sort this out with SBI, and at SBI, they were furious because I used the ATM of another bank. After heated arguments, I was asked to give a complaint in writing.”

    So be cautioned when you decide to draw cash from an ATM of some other bank. It probably is worth walking/driving a little further in search of an ATM of the bank in which you hold an account.

    The RBI needs to intervene immediately, if this initiative is not to come unstuck.

    Reliance Money NEW % Brokerage Structure

    first withdrawal by a future social climber

    Image by BBPANTONE via Flickr

    % Brokerage Structure

    Delivery Margin Options

    Turnover Brokerage Turnover Brokerage Premium Turnover Brokerage (In Rs.) on Both legs

    Delivery More then 2.5 Cr 0.15%
    Margin 50 Cr. Or More 0.015%
    Option Premium 25 Lacs Or More 50

    More then 2.5 Cr 0.15%
    25 Cr. To 50 Cr. 0.020%
    25 Lacs Or More 50

    50 Lacs to 2.5 Cr. 0.20%
    10 Cr. To 25 Cr. 0.025%
    10 Lacs To 25 Lacs 60

    25 Lacs to 50 Lacs 0.30%
    5 Cr. To 10 Cr. 0.030%
    5 Lacs To 10 Lacs 70

    10 Lacs to 50 Lacs 0.40%
    2 Cr. To 5 Cr. 0.040%
    2 Lacs To 5 Lacs 80

    Less then 10 Lacs * 0.45%
    Less then 2 Cr. * 0.050%
    Less than 2 Lacs * 100


    Client will be moved from Default Slab to a lower slab according to the sliding scale table on achieving any turnover condition; either in Delivery, Margin Or in Option

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    Wave goodbye to Income Tax Day

    Image by Brent and MariLynn via Flickr

    Tax Information Network (TIN) hosted by National Securities Depository Limited (NSDL) on behalf of Income Tax Department (ITD) gives you a facility to verify whether the banks have correctly uploaded the details of your tax deposit to ITD through SMS.

    SMS based verification

    The procedure for availing this facility is as under:

    1. Send an SMS to 575758 with a message containing the word CSI followed by a space and CIN provided by the respective Bank at the time of making the Direct tax payment and the amount.

    2. Challan Identification Number (CIN) consists of BSR Code of Collecting Branch (seven digit), Challan Tender Date (DDMMYYYY) and Challan Serial No (length less than or equal to 5 digit).

    3. The amount is an optional field. If you provide the amount in the SMS you would get the confirmation whether the amount uploaded by bank matches with the amount paid by you.

    4. Each of BSR code, Tender date, the challan serial number and amount should be separated by commas

    For e.g., if the tax payer input “CSI 0510001,11032009,5,5000” where in

    “0510001” is the BSR code of the collecting branch,

    “11032009” is the Challan tender date,

    “5” is the Challan serial number and

    “5000” is the amount paid by the taxpayer.

    The tax payer will get the information against which TAN/PAN the payment has been accounted with the confirmation whether amount entered is matched or not. 

    (This is an illustrative CIN, actual CIN should be provided in the SMS).

    There will be special charges for these SMS. These charges may vary from one mobile service-provider to another. The charge structure can be obtained from the concerned service-provider.

    Online Challan Status Inquiry

    You can also get the status of your CIN from www.tin-nsdl.comunder the section Challan Status Inquiry.

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    How to open Google Notebook in Firefox 3.5 and Chrome?

    Image representing Google Notebook as depicted...

    Image via CrunchBase

    Recently Google stopped developing Google Notebook and not permitting to open new accounts. But old users are still permitted to use this service. With Google Notebook, you can browse, clip, and organize information from across the web in a single online location that's accessible from any computer.To access the full-page view, just click on the Open in full page link in your mini Google Notebook, or log in directly at But new Firefox 3.5 doesn’t support Notebook addon. But without addon, you can still access your mini notebook.


    1. Open firefox or chrome
    2. Then click that new bookmark. You can get the mini notebook.
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    Gmail is out of beta

    Official Google Blog: Google Apps is out of beta (yes, really)
    Google officially announced that Gmail, Google Calendar, Google Docs and Google Talk — both enterprise and consumer versions — are now out of beta.

    This post is written by R.John Christy for

    Reliance Time Out Rock Festival 09

    Luces del atardecer

    Image by dgilmalle via Flickr

    Reliance Time Out, the books, music, stationery, toys and gifts store of Reliance Retail, presents an ideal platform for young talent in rock music to showcase their genius at the Reliance Time Out Rock Festival 2009. The great Reliance Time Out Rock Festival 2009 features performances by several aspiring bands from Delhi NCR region every Saturday. They are set to rock the music lovers of the city. The month long rock festival is being held at the Reliance Time Out Ambience Mall, Gurgaon outlet from July 2nd – August 2nd 2009.

    The rock festival also has great offers on an exciting and extensive range of rock music merchandise. The merchandise comprises over a 1000 audio and video titles including music of some of the most loved artistes and music groups like Bob Dylan, Aerosmith, Jethro Tull, Deep Purple, Iron Maiden and Santana amongst many others. Customers will also be entitled to discounts up to 50% on a wide range of rock covers and originals of various artists.

    Religare Wellness launches Swine Flu Kit

    ReligareWellness, one of India's largest wellness retail chains, has launched a special SwineFlu Kit that will help in preventing people from the deadly virus that has afflicted hundreds of people across the world. The special Swine Flu Kit comprises a Face Mask, a Hand Sanitizer, Paracetamol Strip, a Thermometer, Surgical Gloves and Disinfectant Wipes. The products in the kit are also available separately.

    The kit is reasonably priced at Rs. 65/- and is largely popular amongst those who are health conscious. The kit is available across the country at nearly 131 Religare Wellness stores .

    This kit can at best be considered as “PREVENTIVE” not a curative.

    India Infoline Update: Highlights of Union Budget 2009-10

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    Image by l_RaDaR_l via Flickr

    Thanks to : India Infoline News Service / Mumbai 06-Jul-2009

    Highlights of Union Budget 2009-10

    The structure of India’s economy changed over the last ten years with contribution of the services sector to GDP at well over 50 per cent and share of merchandise.

    Key Features of Budget 2009-2010


    • To lead economy to high GDP growth rate of 9 per cent per annum at the earliest
    • To deepen and broaden the agenda for inclusive development
    • To improve delivery mechanisms of the government.


    • Growth rate of Gross Domestic Product dipped from an average of over 9 per cent in the previous three fiscal years to 6.7 per cent during 2008-09.
    • Whole sale price index rose to nearly 13 per cent in August, 2008 and had an equally sharp fall to zero per cent in March, 2009.
    • The structure of India’s economy changed over the last ten years with contribution of the services sector to GDP at well over 50 per cent and share of merchandise
    • trade doubling to 38.9 per cent of GDP in 2008-09.
    • Recognising economic recovery and growth as co-operative effort of the Central and State Governments, meeting with Finance Ministers of States held as part of preparation of the Budget. This is intended to become an annual feature.


    Short-term Measures

    • ! To counter the negative fallout of the global slowdown on the Indian economy,
    • Government responded by providing three focused fiscal stimulus packages in the form of tax relief and increased expenditure on public projects along with RBI taking a number of monetary easing and liquidity enhancing measures.
    • Fiscal accommodation led to an increase in fiscal deficit from 2.7 per cent in 2007-08 to 6.2 per cent of GDP in 2008-09.
    • The fiscal stimulus at 3.5 per cent of GDP at current market prices for 2008-09 amounts to Rs.1,86,000 crore.
    • Measures taken by the Government were effective in arresting the fall in GDP growth rate in 2008-09. 6.7 per cent growth rate recorded in 2008-09.

    Infrastructure Development

    • IIFCL to evolve a Takeout financing scheme in consultation with banks to facilitate incremental lending to infrastructure sector.
    • IIFCL to refinance 60 per cent of commercial bank loans for PPP projects in critical sectors over the next fifteen to eighteen months. IIFCL and Banks are now in aposition to support projects involving total investment of Rs.1,00,000 crore.

    Highway and Railways

    • Allocation to National Highways Authority of India (NHAI) for the National
    • Highway Development Programme (NHDP) increased by 23 per cent over B.E. 2008-09 in B.E. 2009-10 and allocation for Railways increased from Rs.10,800 crore in Interim B.E. 2009-10 to Rs.15,800 crore in B.E. 2009-10.

    Urban Infrastructure

    Allocation under Jawaharlal Nehru National Urban Renewal Mission (JNNURM) stepped up by 87 per cent to Rs.12,887 crore in B.E. 2009-10 over B.E. 2008-09. Allocation for housing and provision of basic amenities to urban poor enhanced to Rs.3,973 crore in B.E. 2009-10. This includes provision for Rajiv Awas Yojana (RAY), a new scheme announced.

    Brihan Mumbai Storm Water Drainage Project (BRIMSTOWA)

    Provision for the project BRIMSTOWA initiated in 2007 and funded through Central Assistance to address the problem of flooding in Mumbai, enhanced from Rs.200 crore in Interim B.E. 2009-10 to Rs.500 crore in B.E. 2009-10 to expedite completion of the project.


    Allocation under Accelerated Power Development and Reform Programme (APDRP) increased by 160 per cent to Rs.2,080 crore in B.E. 2009-10 over B.E. 2008-09.


    Blueprint to be developed for long distance gas pipelines leading to a National Gas Grid to facilitate transportation of gas across the length and breadth of the country.

    Assam Gas Cracker Project

    Outlay for Assam Gas Cracker Project stepped up suitably in B.E. 2009-10.


    • Target for agriculture credit flow set at Rs.3,25,000 crore for the year 2009-10. In 2008-09 agriculture credit flow was at Rs.2,87,000 crore.
    • Interest subvention scheme for short term crop loans up to Rs.3 lakh per farmer at the interest rate of 7 per cent per annum to be continued. Additional subvention of 1 per cent to be paid from this year, as incentive to those farmers who repay short term crop loans on schedule. Additional allocation of Rs.411 crore over Interim B.E. 2009-10 made for this.

    Debt Relief for Farmers

    • Time given to the farmers having more than two hectares of land to pay 75 per cent of their overdues under Debt Waiver and Debt Relief Scheme extended from 30th June, 2009 to 31st December, 2009.
    • Taskforce to be set up to examine the issue of debt taken by a large number of farmers in some regions of Maharashtra from private money lenders who were not covered by the loan waiver scheme announced last year.

    Accelerated Irrigation Benefit Programme

    • Allocation under Accelerated Irrigation Benefit Programme (AIBP) increased by 75 per cent over B.E. 2008-09.
    • Allocation under Rashtriya Krishi Vikas Yojana (RKVY) stepped up by 30 per cent in B.E. 2009-10 over B.E. 2008-09.


    • Adjustment assistance scheme to provide enhanced Export Credit and Guarantee Corporation (ECGC) cover at 95 per cent to badly hit sectors extended upto March 2010.
    • Allocation for Market Development Assistance Scheme enhanced to Rs.124 crore in B.E. 2009-10.
    • Interest subvention of 2 per cent on pre-shipment credit for seven employment oriented export sectors extended beyond the current deadline of September 30, 2009 to March 31, 2010.
    • To facilitate flow of credit at reasonable rates, Rs.4,000 crore provided as special fund out of Rural Infrastructure Development Fund (RIDF) to Small Industries Development Bank of India (SIDBI). This will incentivise Banks and State Finance Corporations (SFCs) to lend to Micro and Small Enterprises (MSEs) by refinancing 50 per cent of incremental lending to MSEs during the current financial year.
    • Stimulus package for print media comprising waiver of 15 per cent agency commission on DAVP advertisements and 10 per cent increase in DAVP rates to be paid as a special relief subject to documentary proof of loss of revenue in nongovernmental advertisements, extended from 30th June, 2009 to 31st December, 2009.


    To bring the fiscal deficit under control, institutional reform measures to be initiated during the current year itself.

    Fertilizer Subsidy

    • To ensure balanced application of fertilizers for increasing agricultural productivity, Government intends to move towards a nutrient based subsidy regime so as to cover larger basket of fertilizers with innovative fertilizer products available in the market at reasonable prices.
    • It is intended to move to a system of direct transfer of subsidy to the farmers in due course.

    Petroleum and Diesel pricing Policy

    With almost three quarters of our oil consumption met through imports, it is important to recognise that domestic prices of petrol and diesel are broadly in sync with global prices. Government to set up an expert group to advise on a viable and sustainable system of pricing petroleum products.


    SARAL – II forms to be introduced early.

    People’s ownership of PSUs

    • While retaining at least 51 per cent Government equity in Public Sector Undertakings, people’s participation in disinvestment programmes to be encouraged.
    • Public Sector Enterprises such as banks and insurance companies to remain in public sector and will be given full support including capital infusion to grow and remain competitive.

    Financial Sector

    • The threshold for non-promoter public shareholding for all listed companies to be raised in a phased manner.
    • Scheduled commercial banks allowed to set up off-site ATMs without prior approval subject to reporting.
    • A sub-committee of State Level Bankers Committee (SLBC) to identify and formulate an action plan for providing banking facilities in under-banked/unbanked areas in the next three years. Rs.100 crore set aside as one-time grant in-aid to ensure provision of at least one centre/Point of Sales (POS) for banking services in each of the unbanked blocks.
    • Government has established Competition Commission of India, an autonomous regulatory body. An Appellate body headed by a retired judge of Supreme Court also constituted.


    National Rural Employment Guarantee Scheme (NREGS)

    • Allocation under NREGS increased by 144 per cent to Rs.39,100 crore in B.E. 2009-10 over B.E. 2008-09.
    • To increase productivity of assets and resources under NREGA, convergence with other schemes relating to agriculture, forests, water resources, land resources, ruralroads initiated. In the first stage 115 pilot districts selected for convergence.

    National Food Security Act

    ! National Food Security Act to be brought in to ensure entitlement of 25 kilo of rice or wheat per month at Rs.3 per kilo to every family living below the poverty line in rural or urban areas. Food Security Bill to be put on the website of the Department of Food and Public Distribution for public debate.

    Bharat Nirman

    • Allocation for Bharat Nirman increased by 45 per cent in 2009-10 over B.E. 2008-09. Allocations under Pradhan Mantri Gram Sadak Yojana (PMGSY) increased by 59 per cent over B.E. 2008-09 to Rs.12,000 crore in B.E. 2009-10.
    • Under Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY), allocation increased by 27 per cent to Rs.7,000 crore.
    • Allocation under Indira Awaas Yojana (IAY) increased by 63 per cent to Rs.8,800 crore in B.E. 2009-10. Allocation of Rs.2,000 crore made for Rural Housing Fund (RHF) in National Housing Bank (NHB) to boost the resource base of NHB for refinance operations in rural housing sector.

    Pradhan Mantri Adarsh Gram Yojana (PMAGY)

    New scheme Pradhan Mantri Adarsh Gram Yojana (PMAGY) with an allocation of Rs.100 crore launched on pilot basis for integrated development of 1000 villages having population of scheduled castes above 50 per cent.


    • The Swarna Jayanti Gram Swarozgar Yojana (SGSY) restructured as National Rural Livelihood Mission to make it universal in application, focused in approach and time bound for poverty eradication by 2014-15. In addition to capital subsidy at enhanced rate, interest subsidy to poor households to be provided for loans upto Rs.1 lakh from banks.
    • There are over 22 lakh Women’s Self Help Groups linked with banks. Reach of SHGs to be widened to enrol at least 50 per cent of all rural women in India as members of SHGs over the next five years.
    • Corpus of Rashtriya Mahila Kosh to be increased from Rs.100 crore to Rs.500 crore over the next few years.

    Female Literacy

    National Mission for Female Literacy to be launched with focus on minorities, SC, ST and other marginalized groups with the aim to reduce level of female illiteracyby half in three years.

    Integrated Child Development Services (ICDS)

    All ICD Services to be extended to every child under the age of six by March, 2012.

    Student Loans to Weaker Sections

    To enable students from economically weaker sections to access higher education, a scheme to provide full interest subsidy during the period of moratorium introducedto cover loans taken from scheduled banks to pursue any of the approved courses of study in technical and professional streams from recoganised institutions in India.

    Welfare of Minorities

    • Plan outlay of Ministry of Minority Affairs enhanced from Rs.1,000 crore in B.E. 2008-09 to Rs.1,740 crore in 2009-10 registering an increase of 74 per cent. This includes Rs.990 crore for Multi-Sectoral Development Programme for Minorities, Grants-in-aid to Maulana Azad Education Foundation, National Minorities Development and Finance Corporation and pre and post matric scholarship for minorities.
    • Allocations made for the new schemes of National Fellowship for Students from minority community and Grants-in-aid to Central Wakf Council for computerization of records of State Wakf Boards.
    • Rs.25 crore each allocated for establishing new campuses at Murshidabad in West Bengal and Malappuram in Kerala by Aligarh Muslim University.

    Welfare of workers in the unorganized sector

    Action initiated to ensure implementation of social security schemes for occupation like weavers, fishermen and women, toddy tappers, leather and handicraft workers, plantation labour, construction labour, mine workers, bidi workers and rickshaw pullers. Necessary financial allocation will be made for these schemes.

    Employment Exchanges

    New project for modernization of Employment Exchange in public private partnership to be launched so that a job seeker can register on line from anywhere and approach any employment exchange.


    One handloom mega cluster each in West Bengal and Tamil Nadu and one powerloom mega cluster in Rajasthan to be set up. New mega clusters for carpets to be also set up in Srinagar (J&K) and Mirzapur (UP).


    • Allocation under National Rural Health Mission (NRHM) increased by Rs.2,057 crore over Interim B.E. 2009-10 of Rs.12,070 crore.
    • All BPL families to be covered under Rashtriya Swasthya Bima Yojana (RSBY).
    • Allocation under RSBY increased by 40 per cent over previous allocation to Rs.350 crore in B.E. 2009-10.

    Environment and climate change

    • In furtherance to National Action Plan on Climate Change, eight national missions representing a multi-pronged long-term and integrated approach to be launched.
    • National Ganga River Basin Authority set up. Budgetary allocation under National River and Lake Conservation Plans increased from Rs.335 crore in B.E. 2008-09 to Rs.562 crore in B.E. 2009-10.
    • Special one-time grant of Rs.100 crore given to Indian Council of Forestry Research and Education, Dehradun.
    • Rs.15 crore each to be allocated to Botanical Survey of India and Zoological Survey of India. An additional amount of Rs.15 crore to be allocated for Geological Survey of India.


    Improving Delivery of Public Services

    • Unique Identification Authority of India (UIDAI) to set up online data base with identity and biometric details of Indian residents and provide enrolment and verification services across country. Provision of Rs.120 crore made for this in the Budget.
    • First set of unique identity number to be rolled out in 12 to 18 months.

    National Security

    • Additional amount of Rs.430 crore provided over Interim B.E. 2009-10 to modernise police machinery in the States.
    • Additional amount of Rs.2,284 crore proposed over Interim B.E. 2009-10 for construction of fences, roads, flood lights on the international borders.
    • Programme for housing to create 1 lakh dwelling units for Central Para-military
    • Forces personnel to be launched through innovative financing model.

    One Rank One Pension for Ex-servicemen (OROP)

    Based on the recommendation of the Committee headed by the Cabinet Secretary on OROP, government has decided to substantially improve the pension of pre 01.01.2006 defence pensioners below officer rank and bring pre 10.10.1997 pensioners on par with post 10.10.1997 pensioners. The decisions to be implemented from 01st July, 2009 and will cost more than Rs.2,100 crore annually.


    • Provision for the scheme ‘Mission in Education through ICT’ substantially increased to Rs.900 crore and the provision for setting up and up-gradation of Polytechnics under the Skill Development Mission enhanced to Rs.495 crore.
    • Rs.827 crore allocated for opening one Central University in each uncovered State.
    • Rs.2,113 crore allocated for IITs and NITs which includes a provision of Rs.450 crore for new IITs and NITs.
    • The overall Plan budget for higher education is to be increased by Rs.2,000 crore over Interim B.E. 2009-10.
    • Rs.50 crore allocated for Punjab University, Chandigarh. Plan allocation for Chandigarh to be suitably enhanced during the year to provide better infrastructure to the people of Chandigarh.

    Commonwealth Games, 2010

    Outlays to be stepped up from Rs.2,112 crore in Interim Budget to Rs.3,472 crore in regular Budget 2009-10.

    Merger of Fidelity MultiManager Cash Fund with Fidelity Cash Fund

    Mutual fund

    Image via Wikipedia

    Fidelity Mutual Fund has notified the merger of its scheme Fidelity MultiManager Cash Fund with Fidelity Cash Fund. All the existing unit holders may note that;

    • Effective from 10 th July '09, Fidelity MultiManager Cash Fund shall cease to exist and all the existing units will be merged with Fidelity Cash Fund.
    • Existing Unitholders will be allotted new units for Fidelity MultiManager Cash Fund wef 10thJuly'09 as per the prevailing NAV of the merged scheme (Fidelity Cash Fund ).
    • If you do not wish to accept the proposed merger, you can redeem your investment without being charged an exit load on or before July 08, 2009 . Your request should be placed latest by 13:45 p.m. on or before July 08, 2009.
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    Changes in Regulatory fees

    An example of a Trader Joe's storefront

    Image via Wikipedia

    SEBI fees which are included in the regulatory fees have been reduced and will be levied as per the revised structure mentioned below with effect from July 01, 2009.

    Given below are the revised SEBI fees applicable w.e.f. July 01, 2009:

    Segment Previous % Current%
    Cash segment 0.0041 0.004
    Derivative segment(Future) 0.004 0.0039
    Derivative segment (Options ) 0.0569



    It is not a big deal it seems. For every Rs.1million turnover (Rs. ten lakhs), your regulatory charges would get reduced by Re.1. Fools.

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    Gmail Labels: drag and drop, hiding, and more

    Gmail has introduced
    1) New location for labels
    2) Label hiding and showing
    3) Drag and drop
    To know more,please visit
    Official Gmail Blog: Labels: drag and drop, hiding, and more

    This post is written by R.John Christy for

    Investors no need to panic

    India Agra _D7C2134

    Image by youngrobv (Rob & Ale) via Flickr

    As budget presentation is nearing, the market is turning to be more volatile. GMR Infra’s QIP withdrawal triggers panic and operators unwind their longs. Those who bought shares based on recent brokerage recommendations frozen in fear and booked loss. If you are a investor, don’t panic. India would recover first. So stay invested to reap the benefits. Concentrate on bluechips and liquid midcaps. We can’t predict the bottom of companies like Suzlon which delivered not so good results. But this company has enormous potential, we advice you to accumulate these type of stocks ( future potential, recent negative news). Concentrate companies with good pedigree like LIC Housing Finance.    Traders should accept that the market would be more violent than before. Money management, trade management and stop loss are the three things they should concentrate to stay in the market. Otherwise traders would be wiped out in very short time.

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