Wednesday, 6 February 2013

EASY CASH MANAGER SOFTWARE

22:45

EASY CASH MANAGER SOFTWARE
by moor-software.com

What is Easy Cash Manager?

Easy Cash Manager is a simple book-keeping program for MS Windows. You can use the program to keep records of your incomes and expenses. You're probably wondering why you shouldn't just use Excel for that. I will explain. Excel is a spreadsheet program which has a lot of functions. The versatility is quite useful, because you have a lot of functionality in one single program. But from the other side, sometimes you need a lot of time to find out how exactly you can do what you want to do, or sometimes you don't understand how to get certain configuration right. Easy Cash Manager is a very simple program with only a few functions. Easy Cash Manager is meant for people who just want to manage their financial stuff without having to read three books "Excel for beginners" before they know how to. Myself, I'm a lazy computer user and I find that everybody can be. If I want to do something with my computer, I simply don't want to use programs which are too complex to understand in a short time. I prefer using programs which are very easy because they are created for exactly what I want to do. Easy Cash Manager is such a program, meant for simple book-keeping. The program doesn't have many functions that you won't use, so you will learn how to use the program very easily. The program has been designed to be very easy-to-use.

Functions

Does this mean that you can in fact do nothing with Easy Cash Manager? No, that's not true.
The program does not offer lots of functions that are unnecessary and too complicated for many people. The necessary functions for simple book-keeping are there, however. Below, the most important things that you can do with the program are listed.

Easily manage your incomes and expenses
Maintain a clear picture of your financial situation
Print incomes and expenses (filtered and sorted)
Open and save CSV-files, which can be opened in Excel
For small companies or clubs: also administrate the VAT of amounts
Protect your files with a password, so other computer users cannot access them

http://www.mediafire.com/?44fb1qga04uh1wn

Tips on Savings and Investment

19:02

Tips on Savings and Investment

Here are some useful tips on savings and investing and curtailing them to some extent in order to have a pleasant living.

Switching off the lights and the fans is a great money saving tips but most of the people don�t pay any heed to the practice. If it is practiced religiously, it will tend to give rise to great savings.
Energy saving lights is also effective devises to curtail expenses and make way to monetary savings.
Insulating the house is also a nice means to cut down the energy bills. At the initial level the cost might be high but afterward the expenses can be compensated well.
Using the Washing machine in an effective manner can also cut down the electrical expenses.
Making a list of the necessities and then go for the shopping spree is a nice way to save money for the future. It is not a good idea to spend money on articles which are not essential.
Not often it is required to go for branded goods. It is better to go for popular and economic brands and they will be as good to cope up with the growing rise in price.
If the lookout is to save money, then it is better to curtail down the expenses of going outs frequently. It is not advisable to cut it short entirely, but the plan should be setting the itineraries with consecutive gaps.
If you are opting on buying tickets, then do it on a early basis, as more you will be late , more the chances of incurring higher charges will be there. Try to avail the various offers available.
Saving money on fuel and transportation cost is also a nice means to cut down the expenses.
Finding out proper means to invest on and having knowledge on the economy of the country is also an effective way to savings and creating wealth for future.
Insurance is also one of the great ways to save money for the future. This never involves high payments but reap great deal of monetary benefits waiting in the future.

DEMAT ACCOUNT

19:49

DEMAT ACCOUNT

Demat account functions like a bank account, where your bank balance is a mere entry in the bank passbook and you do not hold the cash physically. Securities too are held in an electronic form (demateralised form), in a similar manner and debited credited.

Why should you have a Demat Account?

As per SEBI guidelines shares cannot be bought and sold in any form except in demateralised form. Therefore, if you want to buy and sell shares through the stock exchange, you necessarily have to have a demat account. How does it work When you buy shares, the broker credits your demat account with the shares and these are reflected in your statement of holdings. if you are trading through an internet based platform, you can view your holdings online. Typically the broker credits the shares on T+2, that is trading day + 2 days after that. When you sell the shares, you need to give your broker a delivery instruction note, where in you fill the various details of the stock sold. Your account is debited with the shares and you are then paid the money for the shares sold. If you are trading through the internet, the account will automatically reflect a debit of the shares and amount credit to your account. There are two Depositories in India – the National Securities Depositories Limited (NSDL) and the Central Depository Services Limited (CDSL), through whom the shares are held by the various depository participants.

Features & Benefits of opening Demat account :

As opposed to the earlier form of dealing in physical certificates with delays in transaction, holding and trading in Demat form has the following benefits:

- It eliminates risks associated with forgery, counterfeiting and loss due to fire, theft or mutilation and reduces brokerage charges,

- Settlement of Securities traded on the exchanges as well as off market transactions,

- Reduces time taken to stock trading drastically avoiding problems encountered in case of physical shares like signature mismatch, postal delays and loss of certificates in transit,

- Enables quick ownership of securities resulting in increased liquidity,

- Easy settlement of the ownership title of securities, and provides easy receipt of public issue allotments,

- Pledging of Securities,

- Auto Credit of Rights / Bonus / Public Issues / Dividend credit through ECS,

- Auto Credit of Public Issue refunds to the bank account,

- No stamp duty on transfer of securities held in Demat form (as against 0.5 per cent payable on physical shares),

- Increased liquidity, as securities can be sold at any time during the trading hours (between 9:55 AM to 3:30 PM on all working days), and payment can be received in a very short period of time,

- It do away the requirements of filling up of transfer deeds,

- Change of address, Signature, Dividend Mandate, registration of power of attorney, transmission etc. can be effected across companies held in Demat form by a single instruction to the Depository Participant (DP),

- Holding / Transaction details through Internet / email.

Steps for opening a Demat account:

As majority of shares trading happens through a Demat account, it is imperative that an individual dealing in shares has such an account.

The minimum age for opening a Demat account is 18 years. To open a Demat account, you must:

1) Choose a Depository Participant or DP (A Depository Participant can be a financial organization like banks, brokers, financial institutions, custodians, etc., acting as an agent of the Depository to make its services available to the investors)

2) Fill up an account opening form provided by DP, attach relevant documents, and sign an agreement with DP in a standard format prescribed by the depository

3) The DP provides the investor with a copy of the agreement and schedule of charges for his future reference

4) DP opens the account and provides the investor with a unique account number, also known as Beneficiary Owner Identification Number (BO ID)

Documents required for opening a Demat Account? ?

To open a demat account you have to fill demat request form
One Passport size photograph, proof of address like Voter ID card, electricity bill or Ration Card, Employee ID Card, Bank attestation and Latest IT Return
Submit the DRF & share certificate(s) to DP. DP would forward them to the issuer / their R&T Agent.
Deface the share certificate(s) you want to dematerialize by writing across Surrendered for dematerialization.
After dematerialization, your depository account with your DP would be credited with the dematerialized securities.
You have to Submit the PAN Card as a proof of identity .As of April 2006 it is mandatory, if any person want to open a demat account should have a PAN CARD (Permanent Account number) . Without a PAN CARD you are not be eligible to open a Demat account.

New Pension System (NPS)

19:48

New Pension System (NPS)

What is NPS ?

Its a pension system recently launched by Govt of India from 1st April, 2009.. You can regularly invest your money in this and get a lump sum at your retirement and a fixed monthly income for the lifetime . It will work almost the same way as Private Pension Schemes .

Until now the pension schemes was available to Govt employees and employees of Big companies who has Provident fund facility . Any other person had to go with Private Pension schemes provided by Insurance Companies . IT as not a govt scheme for common person , With NPS now its a common person gateway to Pension Schemes .
Features

- No upper limit of Investment
- Minimum limit of 6,000 per year (Rs 500 per month).
- Annual Fees of .00009% (90 paisa for Rs 10,000) for Manging the fund.
- Tax benefit under sec 80C .
- Any Indian citizen between 18 and 55 years can invest in NPS .

Read other details below .

NPS Bodies

- Regulator : The one who will regulate the NPS System .
- Fund Managers : Who will invest the money
- Point of Presence : Responsible for Sales and Marketing .
- Central Record Keeping Agency : Responsible for all the document Keeping work (Record Keeper)

Who will Regulate NPS ?

PFRDA (Pension Fund Regulatory and Development Authority) will monitor and regulate all the activities under NPS . It checks how your money in invested and makes sure that the fund managers are following the rules and guidelines . Its just like “SEBI for Stock Market” .

Who are the Fund Managers ?

There will be 6 Fund houses appointed by Government to manage the funds under NPS . You can choose any one of them to be your Fund Managers . They are :

1. SBI Pension Funds Private Limited.
2. UTI Retirement Solutions Limited.3. ICICI Prudential Pension Funds Management Company Limited.
4. Religare Pension Fund Limited.
5. IDFC Pension Funds Management Company Limited.
6. Kotak Mahindra Pension Fund Limited.

They will take all the decisions of where the money received under NPS should be invested in the best possible way considering all the rules and regulations set by PFRDA .

Who are Point of Presence ?

The following entities have been approved by PFRDA for appointment as Points of Presence (POPs) under the New Pension System for all citizens other than Government employees covered under NPS .

1. Allahabad Bank
2. Axis Bank Ltd
3. Bajaj Allianz General Insurance Co Ltd
4. Central Bank of India
5. Citibank N.A
6. Computer Age Management Services Private Limited
7. ICICI Bank Ltd
8. IDBI Bank Ltd
9. IL&FS Securities Services Ltd
10. Kotak Mahindra Bank Limited
11. LIC of India
12. Oriental Bank of Commerce
13. Reliance Capital Ltd
14. State Bank of Bikaner & Jaipur
15. State Bank of Hyderabad
16. State Bank of India
17. State Bank of Indore
18. State Bank of Mysore
19. State Bank of Patiala
20. State Bank of Travancore
21. The South Indian Bank Ltd
22. Union Bank of India
23. UTI Asset Management Company Ltd

Who will be the CRA ?

As per the website of PFRDA there is a Contact of negotiation is underway and NSDL is expected to be appointed as the CRA . there were other bodies too who wanted to be CRA , but the most suitable of all is CSDL . You can see them as the back office for maintaining records , administration and customer service functions .

What are the Steps of Investment ?

1. Visit a point of presence (PoP), fill up the prescribed form with the required documents.

2. Once registered , CRA will send you a Permanent Retirement Account Number (PRAN) . This will be unique to every person .

3. Select your Amount and Investment Option .

Investment Options and Structure
Structure wise they are very similar to ULIP’s or ULPP’s from Investment Point of View . You have different kind of funds options with different exposure to -

– Equity Instruments
– Corporate Debt
– Fixed Income Instruments
– Govt Securities.

Different Options

- Risky option : The higher allocation in this option will be in Equity .
To decrease the risk , Equity Investment is allowed only to invest in Index funds which tracks Sensex or Nifty . Also the equity exposure is caped at 50% .

- Moderate : IN this options Main exposure would be Corporate debt and Fixed income securities with some exposure in Equity and Govt securities . It will be moderately risky and rewarding .

- Safe : In this option mainly the investment will be done in Govt securities , and very little will be invested in Equity .

There will be a Default option , under which the allocation will be decided as per your age, where Equity Allocation will be high in the start and then it will come down as your age increases . You can also decide your own asset allocation as per your Risk appetite

Cost

There are different kind of Costs in NPS .

- Fund management charges of .0009% per Annam , which is excellent if compared to ULPP’s or Mutual funds charges .

- Annual Maintenance charges of Rs 350 and Rs 10 per transaction to CRA (soon , it will be Rs 280 per year , Rs 6 for per transaction) .

- Rs 40 for registration with PoP and Rs 20 per transaction with them .

- There are other small costs too , lets leave it for now .

Taxation Issue

Sadly , As per the current law , the amount received at the end from NPS would be taxable , PFRDA is trying hard with govt to exempt the tax . You will get the 80C benefits on the amount invested in NPS .

5-Year Post Office Recurring Deposit Account

03:51

5-Year Post Office Recurring Deposit Account

Interest payable, Rates, Periodicity etc.

Rate of interest 8.40%. Maturity value of a 5 Years RD account opened on or after 1.4.2012 with monthly deposit of INR.10/- shall be INR.746.51. Can be continued for another 5 years on year to year basis.

Investment limits and Denominations

Minimum INR 10/- per month or any amount in multiples of INR 5/-. No maximum limit.

Salient features including Tax Rebate

One withdrawal upto 50% of the balance allowed after one year. Full maturity value allowed on R.D. Accounts restricted to that of INR. 50/- denomination in case of death of depositor subject to fulfillment of certain conditions. 6 & 12 months advance deposits earn rebate.

Senior Citizen Savings Scheme

03:47

Senior Citizen Savings Scheme

Interest payable, Rates, Periodicity etc.

9.30% per annum, payable from the date of deposit of 31st March/30th Sept/31st December in the first instance & thereafter, interest shall be payable on 31st March, 30th June, 30th Sept and 31st December.

Investment limits and Denominations

There shall be only one deposit in the account in multiple of INR.1000/- maximum not exceeding rupees fifteen lakh. account in multiple of INR.1000/- maximum not exceeding rupees fifteen lakh.

Salient features including Tax Rebate

Maturity period is 5 years. A depositor may operate more than a account in individual capacity or jointly with spouse. Age should be 60 years or more, and 55 years or more but less than 60 years who has retired on superannuation or otherwise on the date of opening of account subject to the condition that the account is opened within one month of receipt of retirement benefits. Premature closure is allowed after one year on deduction of 1.5% interest & after 2 years 1% interest. TDS is deducted at source on interest if the interest amount is more than INR 10,000/- p.a. The investment under this scheme qualify for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007.

National Savings Certificate (NSC)

03:41

National Savings Certificate (VIII Issue)

Interest payable, Rates, Periodicity etc.

Rate of interest 8.60%. Maturity value of a certificate of INR.100/- purchased on or after 1.4.2012 shall be INR. 152.35 after 5 years.

Investment limits and Denominations

Minimum INR. 100/- No maximum limit available in denominations of INR. 100/-, 500/-, 1000/-, 5000/- & INR. 10,000/-.

Salient features including Tax Rebate

single holder type certificate can be purchased by an adult for himself or on behalf of a minor or to a minor. Deposits qualify for tax rebate under Sec. 80C of IT Act.

The interest accruing annually but deemed to be reinvested will also qualify for deduction under Section 80C of IT Act.

National Savings Certificate (IX Issue)

Interest payable, Rates, Periodicity etc.

Rate of interest 8.90%. Maturity value of a certificate of INR.100/- purchased on or after 1.4.2012 shall be INR. 238.87 after 10 years.

Investment limits and Denominations

Minimum INR. 100/- No maximum limit available in denominations of INR. 100/-, 500/-, 1000/-, 5000/- & INR. 10,000/-.

Salient features including Tax Rebate

A single holder type certificate can be purchased by an adult for himself or on behalf of a minor or to a minor.
Interest on these certificates shall be liable to tax under the Income-Tax Act, 1961 (43 of 1961, on the basis of annual accrual specified in rule15, but no tax shall be deducted at the time of payment of discharge value.

Post Office Monthly Income Account Scheme (MIS)

03:30

Post Office Monthly Income Account Scheme

(MIS)

Interest payable, Rates, Periodicity etc.

8.50% per annum w.e.f. 01.04.2012

Investment limits and Denominations

In multiples of INR 1500/- Maximum INR 4.5 lakhs in single account and INR 9 lakhs in joint account.

Salient features including Tax Rebate

Maturity period is 5 years. Can be prematurely encashed after one year with some conditions. No Bonus is admissible on maturity in respect of MIS accounts opened on or after 01.12.2011.