123 personal finance

Additional 0.25% for HDFC Home Loan Customers

2008-11-23T23:08:00.000-08:00

Additional 0.25% for existing HDFC Home Loan Customers.

HDFC Home loan customers can now avail of additional 0.25% on fixed deposit rates for a limited period.

Period Annually Half Yearly Quarterly Monthly

15,20&30 11.15% 10.90% 10.75% 10.70%
Months

45Months 10.55% 10.30% 10.15% 10.10%

Additional 0.10% is also provided on deposits above Rs 10 lacs.

HDFC Ltd Fixed Deposit Interest Rates

2008-11-23T22:29:00.000-08:00

HDFC LTD fixed deposit interest rates for various tenors and duration:

FIXED RATE DEPOSIT

DOUBLE MONEY PLAN (effective from October 17, 2008)
Period (Months) Rate of Interest payable (% p.a.)
84 10.41%
Min. Dep. Amt.(Rs.) 10,000/-

Interest Rates Applicable from October 16, 2008
ANNUAL INCOME PLAN
Period (Months) Rate of Interest payable (% p.a.)*
12 - 35 10.40%
36-60 10.15%
Min. Dep. Amt.(Rs.) 10,000/-
*0.25% p.a more for Senior Citizens

0.35%p.a more for Single deposit of Rs.1lac and above for period less than 36 months

0.45%p.a more for Single deposit of Rs.10lacs and above for period less than 36 months

0.10% p.a more for Single Deposit of Rs.10 lacs and above for period 36 months & above

PREMIUM DEPOSIT- ANNUAL INCOME PLAN
Period (Months) Rate of Interest payable (% p.a.)*
15,20,30 10.55%
45 10.30%
Min. Dep. Amt.(Rs.) 10,000/-
*0.25% p.a more for Senior Citizens

0.35%p.a more for Single deposit of Rs.1lac and above for period less than 36 months

0.45%p.a more for Single deposit of Rs.10lacs and above for period less than 36 months

0.10% p.a more for Single Deposit of Rs.10 lacs and above for period 36 months & above

CUMULATIVE DEPOSITS
Period (Months) Rate of Interest payable (% p.a.)* Maturity Amount for a Deposit of Rs. 10000/- *
12 10.40% 11040.00
24 10.40% 12188.16
36 10.15% 13364.52
48 10.15% 14721.02
60 10.15% 16215.21
Min. Dep. Amt.(Rs.) 10,000/- (Interest compounded annually)
*0.25% p.a more for Senior Citizens

0.35%p.a more for Single deposit of Rs.1lac and above for period less than 36 months

0.45%p.a more for Single deposit of Rs.10lacs and above for period less than 36 months

0.10% p.a more for Single Deposit of Rs.10 lacs and above for period 36 months & above

PREMIUM DEPOSIT -CUMULATIVE
Period (Months) Rate of Interest
payable (% p.a.)* Maturity Amount
for a Deposit of
Rs. 10000/- *
15 10.55% 11346.58
20 10.55% 11832.54
30 10.55% 12865.98
45 10.30% 14455.83
Min. Dep. Amt.(Rs.) 10,000/-(Interest compounded annually)
*0.25% p.a more for Senior Citizens

0.35%p.a more for Single deposit of Rs.1lac and above for period less than 36 months

0.45%p.a more for Single deposit of Rs.10lacs and above for period less than 36 months

0.10% p.a more for Single Deposit of Rs.10 lacs and above for period 36 months & above

MONTHLY INCOME PLAN
Period (Months) Rate of Interest payable (% p.a.)*
12 - 35 9.95%
36-60 9.70%
Min. Dep. Amt.(Rs.) 20,000/-
*0.25% p.a more for Senior Citizens

0.35%p.a more for Single deposit of Rs.1lac and above for period less than 36 months

0.45%p.a more for Single deposit of Rs.10lacs and above for period less than 36 months

0.10% p.a more for Single Deposit of Rs.10 lacs and above for period 36 months & above

PREMIUM DEPOSIT- MONTHLY INCOME PLAN
Period (Months) Rate of Interest payable (% p.a.)*
15,20,30 10.10%
45 9.85%
Min. Dep. Amt.(Rs.) 40,000/-
*0.25% p.a more for Senior Citizens

0.35%p.a more for Single deposit of Rs.1lac and above for period less than 36 months

0.45%p.a more for Single deposit of Rs.10lacs and above for period less than 36 months

0.10% p.a more for Single Deposit of Rs.10 lacs and above for period 36 months & above

NON CUMULATIVE DEPOSITS - HALF YEARLY
Period (Months) Rate of Interest payable (% p.a.)*
12 - 35 10.15%
36-60 9.90%
Min. Dep. Amt.(Rs.) 10,000/-
*0.25% p.a more for Senior Citizens

0.35%p.a more for Single deposit of Rs.1lac and above for period less than 36 months

0.45%p.a more for Single deposit of Rs.10lacs and above for period less than 36 months

0.10% p.a more for Single Deposit of Rs.10 lacs and above for period 36 months & above

PPREMIUM DEPOSIT -NON CUMULATIVE ( HALF YEARLY )
Period (Months) Rate of Interest payable (% p.a.)*
15,20,30 10.30%
45 10.05%
Min. Dep. Amt.(Rs.) 10,000/-
*0.25% p.a more for Senior Citizens

0.35%p.a more for Single deposit of Rs.1lac and above for period less than 36 months

0.45%p.a more for Single deposit of Rs.10lacs and above for period less than 36 months

0.10% p.a more for Single Deposit of Rs.10 lacs and above for period 36 months & above

NON-CUMULATIVE DEPOSITS - QUARTERLY
Period (Months) Rate of Interest payable (% p.a.)*
12 - 35 10.00%
36-60 9.75%
Min. Dep. Amt.(Rs.) 10,000/-
*0.25% p.a more for Senior Citizens
0.35%p.a more for Single deposit of Rs.1lac and above for period less than 36 months

0.45%p.a more for Single deposit of Rs.10lacs and above for period less than 36 months

0.10% p.a more for Single Deposit of Rs.10 lacs and above for period 36 months & above

PREMIUM DEPOSIT -NON CUMULATIVE ( QUARTERLY )
Period (Months) Rate of Interest payable (% p.a.)*
15,20,30 10.15%
45 9.90%
Min. Dep. Amt.(Rs.) 20,000/-
*0.25% p.a more for Senior Citizens

0.35%p.a more for Single deposit of Rs.1lac and above for period less than 36 months

0.45%p.a more for Single deposit of Rs.10lacs and above for period less than 36 months

0.10% p.a more for Single Deposit of Rs.10 lacs and above for period 36 months & above

Hdfc Ltd Fixed Deposit Features

2008-11-23T22:00:00.000-08:00

Some of the features of HDFC Ltd Fixed Deposit are mentioned below.

HDFC has instituted well-defined service standards for both depositors and deposit agents. HDFC has been able to mobilise deposits from over 10 lac depositors. Outstanding deposits grew from Rs. 1,458 crores in March 1994 to Rs 10,384 crores in March 2007. Much of this success can be attributed to its strong brand image, superior services, security and above all, the significant contribution made by HDFC’s deposit agents. HDFC has over 50,000 deposit agents and distributes all its retail savings (deposit) products primarily through this channel.

HDFC has been awarded “AAA” rating for its deposits from both CRISIL and ICRA for the FOURTEENTH consecutive year , representing highest safety as regards timely payment of principal and interest.

Highest Safety:
‘FAAA’ and ‘MAAA’ rating affirmed for the Fourteenth consecutive year by CRISIL and ICRA respectively.

Tax Benefits:
TDS: No tax deduction at source on interest from deposits upto Rs. 5,000/- per branch in a Financial Year.

Attractive Returns:
HDFC deposits are Available throughout the year and offer Attractive, Assured returns to investors. Interest rates offered are higher than that offered by most of the commercial banks.

Quick Loan Facility:
Loan against deposit is available after 3 months from the date of deposit upto 75% of the deposit amount subject to the other terms and conditions framed by HDFC. Interest on such loans will be 2% above the deposit rate.

*This facility is not available for Easyway Savings and deposits from minors.

Nomination Facility:
Individual depositors, singly or jointly, can nominate under this facility. In case the deposit is placed in the name of a minor the nomination can be made only by a person lawfully entitled to act on behalf of the minor. Power of attorney holder or any person acting in representative capacity as holder of an office or otherwise cannot nominate. The nominee shall have the right to receive the amount due in respect of deposit on death of all the depositors and payment by HDFC to the nominee shall constitute full discharge to HDFC of its liability in respect of the deposit.

Demand Draft Facility:
Outstation depositors can send demand drafts after deducting demand draft charges. This facility is not available to investors under Easyway Savings. This facility is applicable for places where HDFC does not have an office.

High Service Standards:
Depositors are offered across the counter services for new deposits, renewals, repayments and loan against deposit facility. Further, all enquiries through email, post, telephone and in person are attended to immediately.

Electronic Clearing Service:
This facility is provided to depsoitor’s in select centres whereby the interest will be credited directly to the depositors’ bank account. The depositor would receive a credit entry “ECS HDFC” in his passbook/bank statement. Intimation of interest credited would be sent on an annual basis. Your bank will not levy any charge for this facility as per present RBI guidelines.

Presently this facility is being offered by us at the following centers -
ECS Centres : Ahmedabad, Bangalore, Bhubaneshwar, Kolkata, Chandigarh, Chennai, Hyderabad, Jaipur, Kanpur, Lucknow, Mumbai, Nagpur, Nasik, New Delhi, Pune and Vadodara.

Fixed Deposit Rates Comparision

2008-10-27T10:48:00.000-07:00

Listed below is a Fixed Deposit comparision/review of rates and tenures of major foreign and local private and public sector banks in India. Many banks have revised their respective rates and fine tuned their tenures to suit their requirements.
The rates are for various minimum amounts.
Most competitive rates are listed to yeild a higher annualised returns within shortest stipulated time frames.
The prepayment penalties are not considered.

NAME TERM(DAYS/YRS) STATED RATES(%) SENIORCITIZENS(%)

HSBC 400 10.25 10.50

CITIBANK NA 365 10 10.50

BARCLAYS BANK PLC 366 10.50 N.A

STANDARD CHARTERED 401 10.50 N.A

DEUTCHE BANK 1-1.5YRS 7.50 N.A

KOTAK MAHINDRA BANK 365-389 10.50 N.A

ICICI BANK 390 10.50 11

HDFC BANK 9M OR 1 YR + 10.50 11
15/16 DAYS

INGVYSYA 365 11 11.50

TAMILNADU MERCENTILE 1YR 10.50 10.75
BANK

IDBI 1-2YRS 10.25 10.75

SBI 1-2YRS 10 10.50

Kindly check the respective rates with corresponding banks before making any investment decision.

Fixed Deposits Guide

2008-10-26T15:35:00.000-07:00

Fixed Deposits Guide

A fixed deposit is best suited for those investors who want to invest a lump sum of money at a low risk and are comfortable committing it for a fixed period of time, and earn a rate of interest on th same.
Some of the salient features of a bank deposit are:

* Flexible Deposit Terms : The tenure of fixed deposits can vary from as low as 7, 15, 30 or 45 days to 3, 6 months, 1 year, 1.5 years to 5 years. The minimum deposit amount also varies with each bank. It can range from as low as Rs. 100 to an unlimited amount with some banks. The amounts can be in multiple of Rs. 100.
* Great Deals: The banks are free to offer varying rates of interest for products of different maturities. If you are flexible in terms of deposit tenures, you might find differential interest rates in odd tenures like 390 days or 200 days.
* Safe Investments: Bank deposits are generally safe investments because they are insured under the Deposit Insurance & Credit Guarantee Scheme of India.
* Flexible Interest Payment Terms : A Bank Fixed Deposit gives you the option of taking the interest income, as a lump-sum amount on its maturity as well as every quarter (quarterly interest payment) or every month (monthly interest payment)
* Electronic Clearing: The Interest payable on Fixed Deposit can also be transferred directly to Savings Bank or Current Account of the customer.
* Compounding: Compounding of fixed deposit interest rate is available for all deposits more than 3 months.

Tax implications

The interest income earned on a deposit is taxable at the same tax slab as the customer is in. It will be added to his income in the year under the head “Other Income”.

Fees and Charges

Normally, there are no charges for a plain vanilla fixed deposit account. Charges are usually levied on premature withdrawal of the deposit or taking additional features like a debit card against it.

Alternatives to Fixed Deposit Accounts

FMP- Fixed Maturity Plans ( A type of mutual fund)

The similarity first: Both have fixed tenures.

The differences:

1. Returns: A fixed deposit in India gives assured returns. You know what you are getting and when. An FMP will give an indicative, but not assured, return.
2. Investment Amount: You will be expected to invest a minimum of Rs 5,000 in an FMP. Not so in the case of a bank deposit, which can be less.
3. Tax Treatment: An FMP gets preferential tax treatment making it a better option then Fixed deposits for returns on a post tax basis. While fixed deposits are taxed at the normal tax rate – FMP dividends are tax free in the hands of the investor ( there is a 14.26% Dividend distribution tax deducted at source). And in case the investor opts for the growth option for tenures more than one year, his gains will be taxed as long term capital gains on debt investments. The tax rate under which is 10% without indexation and 20% with indexation benefit.

Company Deposits & Bonds ( Deposits with companies both financial and industrial)

The similarity first: Both have fixed tenures and have the same tax treatment.

The differences: Since these are investments with private companies with no insurance protection as well – these investments are relatively riskier then bank fixed deposits and consequently offer better returns as well.

They also have constraints in terms of the number of tenures that they offer deposits- usually short term deposits which are 6 months and less are not found in company deposits.

Watch Out For….

The NET RETURN that you get from an Fixed Deposit – Post compounding and tax payment. A rate which might seem higher upfront might have a lower return if it is not compounded as frequently.

For example; Bank X offers a one year deposit at the rate of 9% compounded half yearly – which results in an yield of 9.2%. While Bank Y offers a one year deposit at the same rate of 9% but compounded quarterly – which results in an yield of 9.3%

Five Vital Tips on Fixed Deposits

2008-10-26T15:34:00.000-07:00

Five Vital Tips on Fixed Deposits

Key points to remember

1. Check the premature withdrawal penalty before investing.

Try and invest the money in a tenure within which you will not need the money. But definitely check on the charges applicable in case you need to withdraw in an emergency.

2. Check the frequency of compounding of the deposit, when comparing two deposit offerings.

A rate which might seem higher upfront might have a lower return if it is not compounded as frequently. For example; Bank X offers a one year deposit at the rate of 9% compounded half yearly – which results in an yield of 9.2%. While Bank Y offers a one year deposit at the same rate of 9% but compounded quarterly – which results in an yield of 9.3%. You will earn more interest on fixed deposits at Bank Y because your return is compounded annually.

3. Split your Fixed Deposit investments to avoid TDS deduction.

If the interest earned is more than Rs. 10,000 in a single branch in one calendar year then TDS would be deducted. By splitting your deposits across various banks or branches you can avoid this deduction.

4. Always appoint a nominee.

When you open a fixed deposit appoint a nominee. It is essential for a quick and hassle free transfer of accounts. The nomination facility enables the bank to release the deposit amount to the nominee without insistence on a succession certificate or probate of the will from your legal heirs.

5. Take interest payouts based on your requirements

Most banks have many interest payout options, choose the one which suits your requirements best for example if you are retired person you could go in for monthly payments of interest.

Fixed Deposits Buying Guide

2008-10-26T15:33:00.000-07:00

Fixed Deposits Buying Guide

I. How to Buy in 4 Easy Steps

* You need to determine the amount that you can set aside to invest in a Fixed Deposit. This is to ensure that the investment is tax efficient as well as does not attract any undue penalties.
* Compare fixed deposits and find out the best deal
* Visit the branch and read the fine print of the terms
* Provide the required papers and the cheque/draft for the deposit.

II. Buyer’s Checklist

For opening a fixed deposit in India where you do not have an existing banking relationship you would need to provide all the documents as needed for opening a new account. These documents for a resident individual include:
Identity Proof (You can provide anyone of the following)

* Original letter of introduction from existing bank along with KYC cheque of the same Bank
* Driving License
* Voter Identity Card with KYC cheque for operating accounts.
* Employee Identity Card
* PAN Card
* Defence Dependent's card
* Ex-Service Man Card
* Bar Council/Indian Medical Association Card/Senior Citizen Card

Proof of Address quoted for communication (You can provide anyone of the following)

* Introduction by an existing and satisfactory customer of the bank
* Latest Electricity Bill
* Certificate from the postal office confirming address of applicant
* Original Letter from Employer certifying the residential address of applicant. Signature of the employee has to be attested on the letter.
* Telephone bills from any telephone service providers
* Consumer gas connection card/book/Pipe Gas bill (same as electricity bill)
* Certificate from the ward/equivalent rank officer, maintaining election roll, certifying address of the applicant

The following documents are usually accepted as proof of both identity and address:

* Passport
* Freedom fighter's pass issued by Ministry of Home affairs, Government of India with photograph of applicant
* Pension payment order/book/Card issued by State/Central Government of India.
* Printed Ration Card with Photograph of applicant.
* Bank Pass Book with photograph issued by SBI and its subsidiaries or Nationalised Banks
* Arms License issued by State/Central Government of India authorities

Age Proof (if a senior citizen)

* Secondary School Leaving Certificate (Class 10)
* LIC Policy
* Voters Identity Card
* Pension Payment Order
* Birth Certificate issued by the competent authority
* Passport / Defence ID Card / Govt ID Card (Provided they have the cardholder's photo,signature and date of birth)
* PSU issued ID Cards
* Senior Citizen Cards
* Passport Size photographs

Documents needed for a Non Resident Indian(NRI) or Person of Indian Origin (PIO)are :

* Copy of passport and valid visa or work permit
* Identity Proof (Same proofs as Resident Individual)
* Address Proof of Indian Address (Same proofs as Resident Individual)
* Address Proof of Foreign Address

Utility Bill, i.e, Electricity Bill, Landline Telephone Bill, Gas connection Bill, Water connection Bill

1. Overseas/Indian Bank statement (Bank Passbook will not be considered as valid address proof)
2. Rent Receipt issued in last 6 months along with duly stamped/registered lease deed. Lease deed should be valid as on date of account opening.
3. Address on Passport
4. Letter from existing banker, this letter should clearly specify that the mentioned address is the customers communication address and period of relationship with the bank which should be more than 3 months.
5. Residence Permit (Government issued Identity Card)
6. Letter from Government postal authorities issued in last 6 months
7. Driving License (Only if issued by US & UK authorities)
8. Letter from the employer duly notarized issued in last 6 months mentioning your name and address.

* Passport Size photographs
* Attestation might be required for all these documents
* Sometimes, a cheque drawn on an existing banker in India or on your bank account abroad or an original cheque issued by you and paid by your banker outside India might be required to confirm banking relationship.

III Questions You Must Ask – What You Need to Consider Before Buying

Before opening a fixed deposit account, choose the tenure and amount that you are comfortable with and would not need to make a premature withdrawal from the same.

And ask the bank representative to explain the rate and the income from fixed deposit interest rates that you will be earning both pre and post income tax.
Get to know the charges for premature withdrawal or any other charges that might be levied on the deposit.
Choose the interest income payout frequency that suits your needs.

IV. How to Compare Products – How to Select the Best Product for Yourself

If you are not looking for any additional benefits like ATM card against a deposit or no penalties for premature withdrawals, the rate or the net yield that you will be earning on the deposit is the primary comparison parameter. You can use iTrust to get the best rates from the leading banks in India across product categories like NRI Deposits, Senior Citizen fixed deposits and Tax Saving fixed deposits.

V. Now That You Own the Product

A Fixed deposit is a reasonably low maintenance product, you just need to take care that the fixed deposit needs to be either renewed or withdrawn on maturity to avoid loss of interest in the interim period.
For a recurring deposit, regular payments need to be made as per the frequency chosen by you to ensure no loss in interest income.

VI. Understand the Fine Print and Know Your Rights as a Consumer

In case, you feel that the bank has been delaying the repayment post maturity or levying charges without telling you. You can report this to the Banking Ombudsman of your state as appointed by the Reserve Bank of India.

The following link gives you the names and addresses of the Banking Ombudsman across India:

http://www.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=164

FAQs on Fixed Deposits

2008-10-26T15:32:00.001-07:00

FAQs on Fixed Deposits

Q1. Can I get a loan against a Fixed Deposit?

Yes, you can. Most banks offer a loan against fixed deposits. By using the fixed deposit as a collateral for the loan you can get a loan at lower rates. The rates are usually pegged at a few percentage points higher than the fixed deposit. Usually banks advance up to 90% of the fixed deposit being held in a loan.

Q2. When do I become liable for TDS?

If the aggregate interest income from fixed deposits that you are likely to earn for all your deposits held in a branch is greater than Rs 5,000 in a financial year, you become liable for TDS.

Note: Tax liability for TDS purpose is determined at branch level. Deposits held by minors are also subject to TDS. The credit for the TDS can be claimed by the person in whose hands the minor's income is included.

Q3. How to avoid loss of interest on Overdue Term Deposits?

The best way of avoiding loss of interest on overdue deposit is to give renewal instructions before the due date. Remembering various due dates and ensuring that renewal instructions along with original deposit receipts reach the bank is cumbersome. Many banks have an automatic renewal scheme wherein the entire amount (principal + interest) is reinvested into a fixed deposit of the same tenure on the maturity date. The original deposit receipt is retained by the bank and the depositor has an option of not renewing by giving prior instructions.

Q4. Does any change or enhancement in my deposit portfolio affect TDS liability?

Yes. If the change or enhancement in your deposit portfolio earns a cumulative interest along with that of the earlier portfolio greater than Rs 5,000 you will be liable for TDS on your current portfolio.

Note: If interest on the current portfolio is not sufficient to cover TDS, it will be recovered from the principal

Q5. At what rate is TDS deducted?

TDS on fixed deposits is deducted at the following rates for the following category of account holders:

Type of Account Holders - TDS (%)

Resident Individuals, Sole Proprietorship, Trusts, Association of Persons, Hindu Undivided Family (HUF) - 10.2%

Domestic Companies- 20.4%

NRO Deposits - 30.6%

Note: With the exception of FCNR (B) Deposits and NRE F.D's, TDS is deductible on every other foreign currency deposit. The TDS rate applicable will depend on the category of the account holder as per the above schedule.

Q6. How and when can I apply for exemption on TDS?

If you believe that your total interest income for the year will not fall within overall taxable limits, you should inform the Bank not to deduct TDS on deposits. You can do this by submitting a form as per the provisions of the Income Tax Act. The forms required for different categories have been listed below:

Category of Account Form required

Individual 15H

Companies 15AA

Association of Companies 15AA

Trusts 15AA

Q7. When does the Bank issue a TDS Certificate?

A consolidated TDS Certificate in Form 16A, for TDS deducted during a financial year will be issued in the month of April of the following financial year.

Q8. What happens to accounts of a NRI's NRE or FCNR accounts which he/she has opened abroad after his/her return to India?

A returning Indian's NRE/FCNR accounts is usually designated as a Resident account. Most banks allow these deposits to continue to run till maturity at the contracted rate of interest.

Q9. What documentation is required to open a senior citizen FD?

While opening the senior citizen fixed deposit account, the customer needs to provide proof of age - to ensure that account holder is a senior citizen. He can provide either of the following:

Secondary School Leaving Certificate (Class 10)

LIC Policy

Voters Identity Card

Pension Payment Order

Birth Certificate issued by the competent authority

Passport / Defence ID Card / Govt ID Card (Provided they have the cardholder's photo,signature and date of birth)

PSU issued ID Cards

Senior Citizen Cards

Q10. What is the maximum deposit amount insured by the DICGC?

Each depositor in a bank is insured upto a maximum of Rs.1,00,000 (Rupees One Lakh) for both principal and interest amount held by him in the same right and same capacity as on the date of liquidation/cancellation of bank's license or the date on which the scheme of amalgamation/merger/reconstruction comes into force.

Q11. When is TDS deducted?

TDS is deducted every time the Bank pays interest during the financial year and the interest earned for the year is more than Rs 10,000 in a single branch. In addition, TDS is also deducted on interest accrued (but not yet paid) at the end of the financial year viz. 31 March.
Q12. Can a senior citizen open a joint account with a non senior citizen and still avail benefits ?

Yes, the account can be opened joint with a non-senior citizen, provided the first account holder is a senior citizen. This joint account would be eligible for the preferential interest rates for senior citizens fixed deposits.

Q13. Can deposit insurance be increased by depositing funds into several different accounts all at the same bank?

No. All funds held in the same type of ownership at the same bank are added together before deposit insurance is determined. If the funds are in different types of ownership(single account and joint account) or are deposited into separate banks they would then be separately insured.

Q14. Where do I get rates for deposits more than 15 Lakhs ?

Deposits more than 15 Lakhs are priced on a daily basis and the treasury departments of the various banks release the rates for the day. You can approach the bank directly to get your quote for the day.

Q15. Can I open a fixed deposit account without having a savings account at the same bank ?

Yes, you can open just a fixed deposit account relationship at any bank. The documentation required at a new bank would be the same as opening a new account where identity and address proofs might be required. At a bank branch where you have an existing account you would need just a cheque or an electronic transaction to make the fixed deposit.

Fixed Deposit Glossary

2008-10-26T15:30:00.001-07:00

Fixed Deposits Glossary

Annual Yield

Is the effective annual rate of return taking into account the effect of compounding interest. Its utility lies in its ability to standardize varying interest-rate arrangements into an annualized percentage number for comparison.

Compound Interest

The ability of a fixed deposit in India to generate interest, which is then reinvested in order to generate further earnings is known as compound interest.

Deposits

It is a sum of money lodged in a bank for the purpose of earning interest. A deposit is repayable according to terms of acceptance

Demand Deposits

These deposits are all deposits which are repayable immediately to the customer whenever he demands them; these include balances in current accounts, savings accounts and term deposits which have become due for payment but are yet to be paid

Deposit Insurance

Insurance of bank deposits is intended to help banks and to give a measure of protection to depositors, from the loss arising from the failure of banks. Depositors are protected to the extent of Rs. 1 lakh under this scheme. The scheme is administered by Deposit Insurance and Credit Guarantee Corporation of India Ltd. (DI & CGC) – a subsidiary of Reserve Bank of India (RBI).

FCNR

FCNR deposits stands for Foreign Currency Non-Repatriable account deposits. This is a Fixed Deposit Foreign Currency account and not a savings account. Deposits in this account can be made in any of the major currencies like US Dollar, UK Pound, Canadian Dollar, Deutsche Mark, Japanese Yen and Euro.

Fixed Deposit Account

Fixed Deposits in India are bank deposits for a fixed or specified period chosen by the depositor and are repayable on expiry of that period. Such deposits generally carry comparatively higher rate of interest depending on the time span.

Future Value

The original amount plus the compound interest thereon, stated as of a specific future date.

Joint Account

A bank account that is owned together (jointly) by two or more people. The depositors can decide whether transactions require the signatures of all parties or whether one party can take actions on his/her own.

Know Your Customer(KYC)

KYC norms were introduced by the RBI to ensure customer identification and help control financial frauds, identify money laundering & suspicious activities. To comply with this requirement, banks require the following documents for new depositors – photos, PAN card copy, identification proof and address proof.

Maturity Date

The date on which the principal amount of any debt instrument becomes due and is repaid to the investor and interest payments stop.

Nomination

Banks ask their account holders to make nominations which mean that they should nominate persons to whom the money lying in their accounts should go in the event of their death. Nomination can be made in account opening form itself or on a separate form indicating the name and address of the nominee. The account holders can change the nomination any time.

Non-Resident Accounts

Non-Resident bank accounts are those, which are maintained by Indian nationals and Persons of Indian origin resident abroad, foreign nationals and foreign companies in India. Bank branches can open ordinary non-resident accounts in the names of private individuals provided initial deposits for opening the accounts are received from abroad in an approved manner or the initial amount is tendered in foreign currency while on a visit to India or transfer of funds from the existing non-resident account of the same person.

NRO

NRO stands for Non-Resident Ordinary account. It refers to the savings or Fixed Deposit account of a Non-resident Indian in a bank in India. This is a Rupee account. Interest earned in this account is taxable. The account can be jointly held with a resident Indian. The principal and interest in this account are non-repatriable.

Principal

The original amount invested is called the principal amount.

Recurring Deposit or Cumulative Deposit Account

Under such bank account, a depositor is required to deposit (multiples of Rs 5/ or Rs 10/ are accepted in his account every month. This deposit is usually available from 1 to 5 years. The rate of interest charged by banks on such accounts depends on the period but is better than savings bank account because this account is like a Fixed Deposit Account. Banks introduce such deposit account to inculcate the habit of saving among people by offering higher rate of interest.

Savings Account

It is a deposit account intended for funds that are expected to stay in for the short term, one can also issue cheques from the same. The savings account interest rate is determined by the Reserve Bank of India and is common across all banks. As of date,it stands at 3.5% p.a.

Simple Interest

Simple interest is calculated by multiplying the interest rate by the principal by the number of periods. It ignores the effect of compounding and is suitable for calculating interest on short term deposits.

Sweep Account

Many Banks have introduced a savings cum fixed deposit product called a “Sweep Account”. Here the account holder decides the minimum amount to be kept in his/her savings account. Any excess over it automatically gets transferred to a fixed deposit account. Whenever cash is needed,the bank can just transfer or 'sweep' in funds to the savings account.

Tax Deducted at Source(TDS)

As per the tax rules, any person/institution making payments on Salaries, Rent, Interest, Commission etc. required to deduct tax before making payments. This deduction is called Tax Deducted at Source (TDS). In the case of banks, TDS is deducted only if the interest earned (both paid and accrued) is more than Rs. 5000 in a single branch. The bank also has to file the appropriate form (Form 16A) annually showing the various details of the deductions made and Deposit of Tax thereon. This form is needed file filing the annual tax return for the individual.

Fixed Deposit Glossary

2008-10-26T15:30:00.000-07:00

Toll Free Numbers

2008-09-16T10:29:00.000-07:00

Find all toll free numbers phone numbers hotels, banks, insurance, mutual fund, investment, cell phone, home appliences,pin codes all india

Toll Free Numbers

Banks

ABN AMRO 1800-11-2224
Allahabad Bank 1800-22-0363
Bank of India 1800-22-9200 (MTNL/BSNL)
Bank of India 022-40919191 (Normal Number)
Bank of Maharashtra 1800-22-2340
Bank of Maharashtra 1800-22-0888
Canara Bank 1800-44-6000 (Debit Cards)
Canara Bank 1800-425-1906 (Complaint Redressal
Citibank 1800-44-2625
CitiBusiness 1-800-180-0123
Corporation Bank 1800-44-3555
Cryobanks International - India 1800-102-2796 (Airtel)
Cryobanks International - India 0124-4265030 to 34 (Non Toll-free)
Dena Bank 1800-22-5740
Dena Bank - Card Loss 1800-22-5086
Development Credit Bank 1800-22-5769
Development Credit Bank 1800-22-0545
HDFC Bank 1800-22-7227
HDFC Bank Credit Cards 1800-345-4332
ICICI Bank 1800-22-4848 (BSNL / MTNL Landlines)
ICICI Bank 1800-33-3499
ICICI Bank NRI1800-22-4848
IDBI Bank 1800-11-6999
Indian Bank 1800-44-1400
ING Vysya 1800-44-9900
Karnataka Bank 1800-425-1444
Kotak Mahindra Bank 1800-22-6022
Lord Krishna Bank 1800-11-2300
Punjab National Bank (PNB) 1800-180-2222 (BSNL / MTNL Landlines)
SBBJ 1800-11-2211
Small Industries Development Bank of India (SIDBI) 1800-22-6753
State Bank of Hyderabad 1800-425-4055 (BSNL / MTNL Landlines)
State Bank of India (SBI)1800-233-7551
Syndicate Bank 1800-425-6655 (BSNL / MTNL Landlines)
United Bank of India 1800-345-0345

Life Insurance

Aviva 1800-180-2244
Bajaj Allianz 1800-22-5858 (MTNL/BSNL) and 1800-102-5858 (Airtel)
Bharti AXA 1800-22-4441 (MTNL/BSNL)
Birla Sun Life 1800-22-7000
HDFC Standard Life Insurance 1800-22-7227 (BSNL / MTNL Landlines)
ICICI Prudential 1800-22-2020
ING Vysya Life Insurance 1800-425-5433
Kotak Life Insurance 1800-22-8081
Life Insurance Corporation (LIC) 1800-33-4433
Max New York Life 1800-180-5577
Metlife 1800-425-6969
Sahara Life 1800-180-9000
SBI Life Insurance 1800-22-9090
Tata Life 1-800-11-9966 (MTNL/BSNL)

Genral Insurance

AMP Sanmar1800-44-2200
Chola MS General Insurance 1800-44-5544
Easy Bill (Pay your Electricity, Telephone, Mobile, Insurance Premium & other bills via EASY BILL Outlets) 1800-11-7575
Employees' State Insurance Corporation (ESIC) 1800-11-2526
Family Health Plan Limited - Third Party Administrator (TPA) 1800-425-4033 (BSNL / MTNL Landlines)
HDFC Chubb General Insurance Co. Ltd. 1800-226-226
ICICI Lombard - Health Care Services 1800-425-7878 (BSNL / MTNL Landlines)
IFFCO-TOKIO General Insurance 1800-345-3303
Med Save Health Care - Third Party Administrator (TPA)1800-11-1142 (BSNL / MTNL Landlines)
Medicare TPA Services - Third Party Administrator (TPA) 1800-33-3339 (BSNL / MTNL Landlines)
Paramount Health Group - Third Party Administrator (TPA) 1800-22-6655 (BSNL / MTNL Landlines)
Royal Sundaram 1800-345-8899
Star Health & Allied Insurance1800-425-2255

Airways

Indian Airlines1600 180 1407
Jet Airways1600 22 5522
SpiceJet1600 180 3333

Automobiles

Mahindra Scorpio 1600 22 6006
Maruti 1600 111 515
Tata Motors 1600 22 5552
Windshield Experts 1600 11 3636

Cell Phones

BenQ 1600 22 0808
Bird CellPhones 1600 11 7700
Motorola MotoAssist 1600 11 1211
Nokia 3030 3838
Sony Ericsson 3901 1111

Computers/IT

Adrenalin 1600 444 445
AMD 1600 425 6664
Apple Computers 1600 444 683
Canon 1600 333 366
Cisco Systems 1600 221 777
CompaqHP 1600 444 999
Data One Broadband 1600 424 1600
Dell 1600 444 026
Epson 1600 44 0011
ESys 3970 0011
Genesis Tally Academy 1600 444 888
HCL 1600 180 8080
IBM 1600 443 333
Lexmark 1600 22 4477
Marshal's Point 1600 33 4488
Microsoft 1600 111 100
Microsoft Virus Update 1901 333 334
Seagate 1600 180 1104
Symantec 1600 44 5533
TVS Electronics 1600 444 566
WeP Peripherals 1600 44 6446
Wipro 1600 333 312
Xerox 1600 180 1225
Zenith 1600 222 004

Couriers/Packers & Movers

ABT Courier 1600 44 8585
AFL Wizz 1600 22 9696
Agarwal Packers & Movers 1600 11 4321
Associated Packers P Ltd 1600 21 4560
DHL 1600 111 345
FedEx 1600 22 6161
Goel Packers & Movers 1600 11 3456
UPS 1600 22 7171

Education

Edu Plus 1600 444 000
Hindustan College 1600 33 4438
NCERT 1600 11 1265
Vellore Institute of Technology 1600 441 555

Healthcare

Best on Health 1600 11 8899
Dr Batras 1600 11 6767
GlaxoSmithKline 1600 22 8797
Johnson & Johnson 1600 22 8111
Kaya Skin Clinic 1600 22 5292
LifeCell 1600 44 5323
Manmar Technologies 1600 33 4420
Pfizer 1600 442 442
Roche Accu-Chek 1600 11 4546
Rudraksha 1600 21 4708
Varilux Lenses 1600 44 8383
VLCC 1600 33 1262

Home Appliances

Aiwa/Sony 1600 11 1188
Anchor Switches 1600 22 7979
Blue Star 1600 22 2200
Bose Audio 1600 11 2673
Bru Coffee Vending Machines 1600 44 7171
Daikin Air Conditioners 1600 444 222
DishTV 1600 12 3474
Faber Chimneys 1600 21 4595
Godrej 1600 22 5511
Grundfos Pumps 1600 33 4555
LG 1901 180 9999
Philips 1600 22 4422
Samsung 1600 113 444
Sanyo 1600 11 0101
Voltas 1600 33 4546
WorldSpace Satellite Radio 1600 44 5432

Hotel Reservations

GRT Grand 1600 44 5500
InterContinental Hotels Group 1600 111 000
Marriott 1600 22 0044
Sarovar Park Plaza 1600 111 222
Taj Holidays 1600 111 825

Mattresses

Kurl-on 1600 44 0404
Sleepwell 1600 11 2266

Investments/ Finance

Easy IPO's 3030 5757
LIC Housing Finance 1600 44 0005
Sharekhan 1600 22 7500
CAMS 1800-44-2267
Chola Mutual Fund 1800-425-4455
DSP Merrill Lynch 1800-345-4499
Fidelity Investments 1800-180-8000
Franklin Templeton Investments 1800-425-4255
J M Morgan Stanley 1800-22-0004
JM Financial Mutual Fund 1800-22-3132
JP Morgan Asset Management 1800-22-5763 (JPMF)
Kotak Mutual Fund 1800-22-2626
Lotus India Mutual Fund 1800-22-5888
Principal 1800-22-5600
Prudential ICICI Mutual Fund 1800-22-2273 (BSNL / MTNL Landlines)
Quantum Asset Management Company Pvt. Limited 1800-22-3863
SBI Mutual Fund 1800-22-1881 (BSNL / MTNL Landlines)
SBI Mutual Fund 1800-22-3040
Standard Chartered Mutual Fund 1800-22-6622 (BSNL / MTNL Landlines)
Sundaram BNP Paribas 1800-425-1000
Tata Mutual Fund 1800-22-0101
TimesofMoney 1800-22-3535
UTI Mutual Fund 1800-11-3555
UTI Mutual Fund 1800-22-1230

UPS

APC 1600 44 4272
Numeric 1600 44 3266

Others

Consumer Helpline 1600 11 4000
L'Or?al, GARNIeR 1600 223 000
KONE Elevator 1600 444 666
Indane 1600 44 5115
Aavin 1600 44 3300
Pedigree 1600 11 2121
Kodak India 1600 22 8877
Domino's Pizza 1600 111 123
World Vision India 1600 444 550
Telecom Monitoring Cell 1600 110 420

Now these numbers are also reachable from your cell phones as well. Try it now.

Bharti AXA Mutual Fund

2008-09-12T13:41:00.000-07:00

Information Updated As On 4-Aug-2008

Name of the Mutual Fund Bharti AXA Mutual Fund

Date of setup of Mutual Fund March 31, 2008

Name(s) of Sponsor AXA Investment Managers

Name of Trustee Company Bharti AXA Trustee Services Private Limited

Name of Trustees Mr Raghu Palat - Trustee

Mr Robin Clark - Trustee

Mr S Venkatachalam - Trustee

Mr Sumant Chadha - Trustee

Ms Vijaya Sampath - Trustee

Name of the Asset Management Co. Bharti AXA Investment Managers Private Limited

Date of Incorporation of AMC August 13, 2007

Name(s) of Director Mr Anil Harish

Mr Anthony Fasso

Mr Emmanuel Vercoustre

Mr Glenn Williams

Mr Prakash Nene

Mr S K Mitra

Mr Sanjay Gupta

Mr Sudhir Chand

Name of Chief Executive Officer Mr Sandeep Dasgupta

Name of Head of Operations Mr Shubro Sankha Das

Name of Head-Equity Mr Prateek Agrawal

Name of Head-Fixed Income Mr Sujoy Das

Name of Sales Head Mr Vikaas M Sachdeva

Name(s) of Chief Investment Officer - Debt Mr Sujoy Das

Name(s) of Chief Investment Officer - Equity Mr Prateek Agrawal

Name(s) of Chief Operating Officer Mr Mark Van Den Broek

Name(s) of Fund Manager Mr Sriraj Bhattacharjee

Name of Compliance Officer Mr Manish Ghiya

Name of Investor Service Officer Mr Staney Antoney

Address of AMC

51, 5th Floor, Kalpataru Synergy,

East Wing, Vakola,

Santacruz East

Mumbai 400055

Telephone Number 022-40479000

Fax Number 022-40479001

Website www.bhartiaxa-im.com

Email service@bhartiaxa-im.com

Benchmark Mutual Fund

2008-09-12T13:38:00.000-07:00

Information Updated As On 3-Jun-2008

Name of the Mutual Fund Benchmark Mutual Fund

Date of setup of Mutual Fund June 12, 2001

Name(s) of Sponsor Niche Financial Services Pvt. Ltd.

Name of Trustee Company Benchmark Trustee Company Pvt. Ltd.

Name of Trustees Dr. A. C. Shah - Director
Dr. P.P. Shah - Director
Dr. S.A. Dave - Chairman
Mr. Shriraj Dhruv - Director
Name of the Asset Management Co. Benchmark Asset Management Company Pvt. Ltd.
Date of Incorporation of AMC October 16, 2000

Name(s) of Director Mr. D.S. Mehta - Chairman
Mr. S.J. Parekh
Mr. S.R. Halbe
Mr. T.N.V. Ayyar
Ms. Susan Thomas

Name of Head of Operations Mr. Sanjay Gaitonde

Name of Sales Head Mr. Dharmendra Rai
Mr. Rajan Mehta

Name of Chief Investment Officer Mr. Sanjiv Shah
Mr. Vishal Jain

Name(s) of Fund Manager Gauri Sekaria
Payal Kaipunjal

Name of Compliance Officer Mr. Gautam H. Rathor

Name of Investor Service Officer Mr. Bibek Sengupta

Address of AMC 405, Raheja Chambers, Free Press Journal Marg, 213, Nariman Point Mumbai 400021
Telephone Number (91 22) 6651 2727

Fax Number (91 22) 2200 3412

Website www.benchmarkfunds.com

Email webmaster@benchmarkfunds.com

Name(s) of Auditors Dalal & Shah (Fund)
Deloitte Haskins & Sells (AMC)
N.M. Raiji & Co. (Fund)

Name(s) of Custodian Citi Bank NA
ICICI Bank Ltd.

Name(s) of Registrar and Transfer Agent Karvy Computershare Pvt. Ltd.

Bank Of Baroda Mutual Fund

2008-09-12T13:35:00.000-07:00

BOB Pioneer Mutual Fund

Information Updated As On 11-Aug-2008

Name of the Mutual Fund Baroda Pioneer Mutual Fund

Date of setup of Mutual Fund October 30, 1992

Name(s) of Sponsor Bank of Baroda

Name of Trustee Company N.A.

Name of Trustees Mr. D. Sarkar - Member of Board

Mr. R. L. Baxi - Chairman of Board

Mr. Shrinivas Suvarna - Member of Board

Mr.V.H.Bhatia - Member of Board

Name of the Asset Management Co. Baroda Pioneer Asset Management Company Limited

Date of Incorporation of AMC November 5, 1992

Name(s) of Director Dr. P. N. Khandewala

Mr. Angus Stening

Mr. B. A. Prabhakar

Mr. Dario Frigerio

Mr. G. P. Gupta

Mr. Rohit Arora

Mr. Shiv Dayal

Mr. Siddhartha Bhattacharya

Prof. B. B. Bhattacharya

Name of Chairman Dr. Anil K. Khandelwal

Name of Chief Executive Officer Mr. Rajan Krishnan

Name(s) of Chief Operating Officer Ms. Sweata Shah Ostrowska

Name(s) of Fund Manager Miss Hetal Shah (Debt)

Mr. Dipak Acharya (Equity)

Name of Compliance Officer Mr. Krishna Kumar Kushwaha

Address of AMC 105, Maker Chambers III, Nariman Point Mumbai 400 021

Telephone Number 22853323 - 3326

Fax Number 22880009

Website www.bobmf.com

Email bobamc@bobmf.com

Name(s) of Auditors M/s Borkar & Muzumdar Chartered Accountants

Name(s) of Custodian HDFC Bank

Name(s) of Registrar and Transfer Agent M/s Karvy Computershare Pvt. Ltd.

Birla Sun Life Mutual Fund

2008-09-12T13:27:00.000-07:00

Information Updated As On 20-Jun-2008

Name of the Mutual Fund Birla Sun Life Mutual Fund

Date of setup of Mutual Fund December 23, 1994

Name(s) of Sponsor Aditya Birla Nuvo Limited
Sun Life (India) AMC Investments Inc.

Name of Trustee Company Birla Sun Life Trustee Company Private Limited

Name of Trustees Mr. B. N. Puranmalka - Director
Mr. Gur Charan Das - Director
Mr. Prafull Anubhai - Director
Mr. Suresh Talwar - Director
Mr. V. Arunchalam - Director
Name of the Asset Management Co.Birla Sun Life Asset Management Company Ltd

Date of Incorporation of AMC September 5, 1994

Name(s) of Director Mr. Ajay Srinivasan
Mr. Ashok Goenka
Mr. Donald Stewart
Mr. Kumar Mangalam Birla
Mr. N. C. Singhal
Mr. N. N. Jambusaria
Mr. S. S. Raman
Mr. Stephan Rajotte

Name of Chairman Mr. Donald Stewart

Name of Chief Executive Officer Mr. Anil Kumar

Name of Chief Investment Officer Mr. A. Balasubramanian

Name of Compliance Officer Mr. Rajiv Joshi

Name of Investor Service Officer Mrs. Molly Kapoor

Address of AMC
Ahura Center, Tower A,
2nd Floor,
Mahakali Caves Road,
MIDC, Andheri (East)
Mumbai 400093

Telephone Number 6692 8000

Fax Number 6692 8110

Website www.birlasunlife.com

Email connect@birlasunlife.com

Name(s) of Auditors M/s. Haribhakti & Co. - For Asset Management Company
S. R. Batliboi & Company - For Mutual Fund

Name(s) of Custodian J P Morgan Chase Bank

Name(s) of Registrar and Transfer Agent Computer Age Management Services Pvt. Ltd

Alliance Capital Mutual Fund

2008-09-12T13:25:00.000-07:00

Effective from 24-Sep-2005.

The schemes of "Alliance Capital Mutual Fund" have been transferred to "Birla Sun Life Mutual Fund" and are under the management of "Birla Sun Life Asset Management Company Limited", with the new fund names.

Refer Birla Sun Life Asset Management Company

AIG Global Investment Group Mutual Fund

2008-09-12T13:11:00.000-07:00

Source : AMFI
Information Updated As On 28-Apr-2008

Name of the Mutual Fund AIG Global Investment Group Mutual Fund

Date of setup of Mutual Fund February 9, 2007

Name(s) of Sponsor AIG Capital Corporation

Name of Trustee Company AIG Trustee Company (India) Pvt. Ltd.

Name of Trustees Mr. Amal Ganguli - Trustee
Mr. N Rangachary - Trustee
Mr. Sunil Behari Mathur - Trustee
Mr. Sunil Mehta - Trustee

Name of the Asset Management Co. AIG Global Asset Management Company (India) Pvt. Ltd.

Date of Incorporation of AMC October 30, 2006

Name(s) of Director Dr. (Mrs.) Isher Judge Ahluwalia
Mr. Avinder Singh Bindra
Mr. Nanoo G Pamnani
Mr. Ravi Mehrotra
Mr. Santosh Senapati (Alternate to Ms. Tse Koon Hang Ada)
Mr. Saurabh Sonthalia (Alternate to Mr. Steven Guterman)
Mr. Steven Guterman
Ms. Tse Koon Hang Ada

Name of Chief Executive Officer Mr. Saurabh Sonthalia

Name of Head of Operations Mr. Rohit Gupte

Name of Sales Head - Mr. Manish Mehta.
National Head Intermediary Channel - Mr. Rajiv Maniar - National Head Institutional Sales

Name(s) of Chief Investment Officer - Debt Mr. Sandeep Bagla

Name(s) of Chief Investment Officer - Equity Mr. Tushar Pradhan

Name(s) of Fund Manager Mr. Huzaifa Hussain

Name of Compliance Officer & Company Secretary Ms. Sonal Barot

Name of Investor Service Officer Mrs. Usha Mallya

Address of AIG Asset Management Company.

FCH House, Ground Floor,
Peninsula Corporate Park,
Ganpatrao Kadam Marg,
Lower Parel Mumbai 400013,
Telephone Number 022-40930000,
Fax Number 022-40930077.

Website www.aiginvestments.co.in

Email investorcare@aig.com

Name(s) of Auditors S R Batliboi & Co.

Name(s) of Custodian CITIBANK N.A.

Name(s) of Registrar and Transfer Agent Computer Age Management ServicesPvt. Ltd.

ABN AMRO Asset Management (Asia) Limited

2008-09-12T12:37:00.000-07:00

Information Updated As On 8-Aug-2008

Name of the Mutual Fund ABN AMRO Mutual Fund

Date of setup of Mutual Fund April 15, 2004

Name(s) of Sponsor ABN AMRO Asset Management (Asia) Limited

Name of Trustee Company ABN AMRO Trustee (India) Pvt. Ltd.

Name of Trustees Mr. Pradip Nayak - Director

Mr. Pradyumna Naware - Director

Mr. Shariq Contractor - Director

Prof. Gururajan Sethu - Director

Name of the Asset Management Co. ABN AMRO Asset Management (India) Pvt. Ltd.

Date of Incorporation of AMC November 4, 2003

Name(s) of Director Mr. Nikhil Johri

Mr. Ninad Karpe

Mr. Rajan Ray

Mr. Robert Stewart Edgar

Name of Head of Operations Ms. Viji Krishnan

Name of Sales Head Mr. Suren Kochhar

Name of Chief Investment Officer Mr. K C Reddy

Name(s) of Fund Manager Mr. Alok Singh

Mr. Amit Nigam

Mr. R. Sivakumar

Ms. Sukanya Ghosh

Name of Compliance Officer & Company Secretary Ms. Hemati Wadhwa

Name of Investor Service Officer Ms. Monaz Elavia

Name(s) of Managing Director Mr. Nikhil Johri

Address of AMC 101,10th Floor,

Sakhar Bhavan,

Nariman Point,

Mumbai 400021,

Telephone Number 66563838.

Fax Number 66563840.

Website www.assetmanagement.abnamro.co.in

Email assetmanagement@in.abnamro.com

Name(s) of Auditors S.R. Batliboi & Co.

Name(s) of Custodian Deutsche Bank A G

Name(s) of Registrar and Transfer Agent Computer Age Management Services (P) Ltd.

Privacy Policy

2006-11-19T20:25:00.000-08:00

Privacy Policy

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This privacy policy describes what personal information we collect and how we use it.

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About

2006-11-11T12:43:00.000-08:00

PF made as easy as learning 123.

Finance is difficult for all and managing their own personal finances(PF) does not come easy to many.

This is an effort by author to explain in lucid, simple, easy language all the various financial products avaliable for investors for their various needs. Fill in the commments form below to contact the author.

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