Mobile Trading will get started from October 2010

 

For the first time in India, NSE (National Stock Exchange of India) is takings steps towards providing platform to trade through the mobile system for trading and this service get started from October 2010

 Mobile Trading will be very similar to Internet Trading. It will be facilitated on the now software that NSE provide to its brokers free of cost. The market data will also provide free on broker’s cell phones and then to on investors cell phones.

 

Interest in now calculated on daily basis in your Saving Bank Accounts.

Interest in now calculated on daily basis in  your Saving Bank Account with effect from April 1st, 2010

Change in Calculation of Interest for Saving Bank Accounts.

The RBI abolished the system of calculating interest due on savings accounts based on the minimum balance in the account between the 10th and 30th of the month. So with effect from April 1 2010,  the method of calculation of interest for a saving bank account has changed to daily basis. The next logical step for the RBI would be to follow this up by freeing interest rate structures on savings accounts altogether. Interest rates on all other deposits are now set by market forces.

Earlier the interest was calculated on the lowest balance in the account from the 10th of the last day of the month.


So, If you have deposit money in your account after 10th of a month, it will give you interest every day of the balance till the day you withdraw money from your bank account, means interest in earned till date money is kept in bank account and not withdrawn.

Paypal: FAQ about Permanent Account Number, Why needed, How to apply?

FAQ’s on PAN

What is a PAN number?

PAN or permanent account number refers to a 10-digit alphanumeric number issued in the form of a laminated card, by the Income Tax Department in India.

Where do you find your PAN number?

You can find the 10-digit number printed at the front of your card.

Why do you need a PAN number?

• PAN number is compulsory for all financial transactions as per Indian laws and regulations.
• PAN number provides you with a unique identification and makes it easier for PayPal to track your financial transactions.
• You need to have a PAN number (made mandatory by the Income Tax Department) in order to file for return of income as well as on all correspondence with any income tax authority in the country.

How do you get a PAN number?

• To apply for a PAN card all you need to do is submit the requisite application form number 49 A to the Indian Revenue authorities.
• To download PAN application forms or to learn more, visit http://india.gov.in/outerwin.php?id=https://tin.tin.nsdl.com/pan/form49A.html

Source: PayPal.com

Dividend in Tata Equity PE : Record Date –3 September 2010

Scheme Name - Tata Equity PE Fund – (Dividend Trigger Option A – 5%)
Record Date –3 September 2010

All investors holding units under this scheme on the record date shall be eligible for dividend– A(5%)

The NAV of Tata Equity PE Fund – (Dividend Trigger Option A – 5%) as on August  26, 2010.

Dividend Trigger Option A – 5% : 41.3720

Total Net Assets as on 31/07/2010 (Rs Lacs) : Rs.63454,53

Performance at a Glance (%) CAGR as on 30th August 2010:         

Last 1 Year       : 27.17Since Inception  : 28.44

All unitholders are hereby informed about the declaration of dividend i.e. 1.00/- per unit on the face value of 10/- under Dividend Trigger Option A (5%) of the following scheme.The record date for the scheme is 03 September, 2010 & the ex-dividend date for the scheme is 06 September, 2010 as approved by the Trustees of Tata Mutual Fund. Scheme Name NAV ( ) as on 26 August, 2010 Tata Equity P/E Fund 41.3720  (Dividend Trigger

Option A - 5%)

The above dividend distribution is subject to availability & adequacy of distributable surplus on the record date.

Pursuant to the payment of dividend, the NAV of the schemes would fall to the extent of the payout & statutory levy (if applicable).

Notice for Addendum: Change of Bank mandate for ICICI Prudential Mutual Fund

All the Investors/Unitholders of  ICICI Prudential Mutual Fund

In order to protect the interest of the unitholders / investors of ICICI Prudential

Mutual Fund (the Fund) from fraudulent encashment of redemption, the Trustee of

the Fund have notified the following process with effect from September 02, 2010.

If the investor(s) / unitholder(s) submit(s) redemption request accompanied with

request for change of Bank mandate or submits a redemption request within seven

days from the date submission of a request for change of Bank mandate details,

the Asset Management Company will process the redemption but the release of

redemption proceeds shall be deferred on account of additional verification, but

will be within the regulatory limits as specified by Securities and Exchange Board

of India time to time.

The above provisions will be in force till further notice. Investors/unitholders are

requested to make a note of the above.

For ICICI Prudential Asset Management Company Limited

Place : Mumbai Sd/-

Date : August 31, 2010 Authorised Signatory

CALL MTNL/BSNL : 1800 222 999

Others : 1800 200 6666

SMS: SMS INVEST to 58558

appy online at www.icicipruamc.com