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'.

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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...

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UP Voter List 2017 & 2016 - Voter ID card UP

Read this article in hindi (हिन्दी में पढ़ें यह लेख )

Uttar Pradesh is India's fourth largest state area-wise and first largest population-wise with 75 districts. The term of the Akhilesh Yadav government (Samajwadi Party) will end on 27 May 2017. New government will be elected in the upcoming Legislative Assembly (...

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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 ...

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Know your Income tax jurisdiction (Ward/Circle)

While filling income tax return on IncomeTaxIndiaEfiling, 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 ...

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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 ...

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Other Bank ATM - INSUF BAL ATM DECLINE CHARGE

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 ...

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(CVL KRA) Update & Verify KYC Online for Mutual Funds

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 ...

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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 ...

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Inoperative EPF accounts will now earn interest - Notification issued on Nov. 11, 2016

Here is a good news! Now inoperative/inactive EPF accounts will also get interest. That means now you can keep your money parked in EPF and keep earning the interest even when you are no more working (as a salaried employee). In a notification issued on November 11, govt. has declared that interest (which currently is 8.8%) will be computed and paid from 1 April, 2016.

Inoperative PF accounts are...

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