Humlog Guide to Financial Freedom & Living

Humlog has been publishing articles about personal finance and related themes for some time now. Many of our readers have been asking to create a broader guide to personal finance in India. But over the time we have realized that financial schemes,regulations, and investments need to be seen in the broader context of 'living a meaningful and fulfilled life'.

HumLog Guide to Financial ... more

India Elections 2017 - Voter List

We will be having a number of state elections in 2017, apart from by-polls that are held as per case to case basis. As usual, the one of the most important aspects of ensuring a fair election is to ensure that voter list is correct and up-to-date.

The standard operating procedure (of election commission of India) is to have a new voter list ready 2-3 months before the elections. This provides an... more

UP Voter List 2017 Election - Search your name easily

Uttar Pradesh Legislative Assembly (Vidhan sabha) Elections are going to happen in the start of 2017. CEO Uttar Pradesh has published the latest electoral rolls on its website. Please ensure that your name is included in the latest voter list. You can also find your voting booth details and serial number on the site.

Here is how you can search your name very ... more

XIRR - What is XIRR and how to calculate it?

Many of us invest in mutual funds or similar financial schemes in installments (e.g. using SIPs) and want to evaluate the performance of our investments. For example, we want to know our overall rate of return so as to compare it to with other possibilities. The standard mechanism in such cases is to calculate either IRR or XIRR.

IRR means 'Internal rate of return' and XIRR means 'Internal rate ... more

Know your Income tax jurisdiction (Ward/Circle)

While filling income tax return, one needs to fill 'Income Tax Ward/Circle'. It is also called 'your income tax jurisdiction'. Sometimes it is also required to meet or write a letter/email to income tax jurisdictional Assessing Officer (A.O.) - e.g., if you have received a notice on your past year income tax return and want to clarify few things.

In simple language, 'jurisdiction' means 'the ... more

Sharekhan Demat and Trading Account closure

I had both the eTrading and demat account with Sharekhan and had closed both of them recently, so sharing the process here.

  1. Make sure that you have paid the annual maintenance charges / Demat account charges for the current year. Whether you have done any transactions or not, you have to pay the demat account charges.
    After ensuring the above, make your Sharekhan account balance zero.

  2. Go ... more


While withdrawing from other bank ATM, if you try to withdraw more money than available in your account, you will get a 'Insufficient balance: transaction declined' message on ATM. In such case, you will see a deduction in your bank account titled 'INSUF BAL ATM DECLINE CHARGE'. That is, they will charge you a fee ranging from Rs 10 to Rs 30 for this.

The exact charge is different depending on ... more

CVL KRA - KYC Registration and Verification for Mutual funds and stocks

KYC (Know Your customer) is a mandatory process for investing in mutual funds or stocks in India. It entails two things:

  1. Proof of Identity: only PAN card copy accepted
  2. Proof of Address: any govt approved proof of address - e.g., aadhar card copy, driving license copy, voter id copy etc.

To make life easier for investors, now we can get KYC done only once through any broker, bank, mutual ... more

CAMS KRA - KYC Registration and Verification for Mutual funds and stocks

KYC (Know Your customer) is a mandatory process for investing in mutual funds or stocks in India.

CAMS KRA is a govt provided registry to keep track of this KYC registration status. CAMS KRA full form is "Computer Age Management Services (CAMS) KYC Registration Agency (KRA)". (Govt has allowed a handful of companies to maintain KYC registration status and CAMS KRA is one of them).

Check ... more

Why Invest in EPF?

There are two aspects to 'Why invest in Employee Provident Fund' aka EPF aka PF -

  • Is it mandatory? Do I need to invest in EPF?
  • Is it a good scheme to grow my money?

Is it Mandatory?

Yes, if you work in a private company having more than 20 employees. However, if your monthly salary (Basic + DA) is more than Rs 15000/-, it is not mandatory but it is a standard and best practice to ... more