How Do You improve your credit History?

How do you improve your credit history?

Your credit history, other than your income, is the single most important tool used by a Loan provider to evaluate your application for any loan or credit card application. Naturally, it’s important that you understand your Credit Information Report (CREDIT REPORT) and what it takes to maintain a credit history, so that is viewed favourably by Loan providers. A good credit history can be maintained by following these 7 simple rules:

·         Rule 1: Always pay your bills on time. Late payments are viewed negatively by Loan providers and may affect the chances of your loan getting approved.

·         Rule 2: Keep your balances low. While the balances on your loans will only reduce over time as payments are made, you must be diligent about making timely payments on your credit cards. Also, you should control your utilization. For example, if you have used Rs. 90,000 out of a credit limit of Rs. 1,00,000, this may be viewed negatively by  a Loan provider. It’s always prudent to not use too much credit. 

·         Rule 3: Maintain a healthy mix of credit. Your credit history should contain a mix of a home loan, auto loan and a couple of credit cards. A high number of just credit cards may affect the chances of a loan approval. Why is it so, you may wonder. Although a credit card offers easy access to finance, it’s also by far the most expensive form of credit. More the number of credit cards with high utilization, larger are the payments resulting from its high rate of interest.

·         Rule 4: Apply for new credit in moderation. If you have made many applications for loans, or have recently been sanctioned new credit facilities, a Loan provider is likely to view your application with caution. This ‘Credit Hungry’ behaviour indicates your debt burden is likely to, or has increased and you are less capable of honouring any additional debt.

·         Rule 5: Think twice before closing credit card accounts. While, using credit cards may negatively impact your credit history, unused credit cards actually imply that you are financially secure. This makes Loan providers view your application more favourably.

·         Rule 6: Monitor your co-signed and joint accounts monthly.  In co-signed or jointly held accounts, you are held equally liable for missed payments. This is extremely important because your joint holder’s negligence could affect your ability to access credit when you need it.

·         Rule 7: Review your credit history frequently throughout the year. Unpleasant surprises in the form of rejected loan applications can be avoided by ensuring that your CREDIT REPORT accurately reflects your current financial status. So reviewing your credit history 3-4 times each year is imperative.

Though these general rules are important to keep in mind, each loan provider has its own policies to sanction a loan to an applicant.

It is important to note that your CIBIL TransUnion Score will begin to rise as you improve your credit history

How Highest NAV Guarantee Policy Works

How Highest NAV Guarantee Policy Works?

Now a days we are seeing a new “Innovative” product in LIFE INSURANCE market. They’re called Highest NAV Guaranteed Plans .These products have come in, after the  crash in the market, and companies are taking advantage of the fact that Investors are looking for some kind of a safe investment equity product. Hence, they’ve launched these Highest NAV Guaranteed ULIP’s which confuse investors allot,they  believe that they are going to get the highest return from the Stock market in long run – generally the tenure is 7 yrs, for these plans .

In this post, we look at how Highest NAV Guarantee ULIP’s work, and you will understand, how any Guarantee product can be created by simple methods . The simple catch, here is that these schemes, are structured in such a manner, that the collected funds can be invested either in equities, debt instruments or in money-market instruments in proportions varying from zero to 100%

HOW HIGHEST NAV GUARANTEE POLICY WORKS ?

These plans use strategies like Dynamic Hedging and Constant proportion portfolio insurance, which are advanced strategies used in Derivatives world. But, let me explain a simplified version of the whole process.

Supposing a policy starts today and is guaranteed to give highest NAV in next 7 yrs  and we can control how money moves to debt and equity, its pretty simple.

In the beginning, let’s assume a NAV of Rs 10, and the asset allocation is 100% in equity and 0% in debt . Now suppose, the market moves up and NAV goes upto Rs 15 by the end of the first year, at this point, try to understand what Insurance company has to provide – they have to make sure, that they provide at least Rs 15 as the return after 6 yrs . Now in order to achieve this, all they have to do is keep X amount in debt instruments which will mature in next 6 years and provide Rs 15 at the end of 6 yrs, so assuming the debt return at 7%, they need to put around Rs 10 in Bonds , so that the maturity of the bond is Rs 15 at the end of 6 yrs .

=>  10 * (1.07)^6
=>  15.007

They can now invest the rest Rs 5 in Equity as Rs 10 is allocated to Debt . So, now they’ve made sure that whatever happens to the market, they get Rs 15 for sure at the end of 6 yrs. Now, there are two possibilities

Case 1 : Market Goes down : If market goes down, the NAV will go down correspondingly, but as per the strategy, the maturity value will be at least Rs 15.

Case 2 : Market Goes up again : If market goes up at this point and the NAV rises above 15, for example say to Rs. 18, now again they will pull out money from Equity and allocate such an amount to debt, that the maturity at the end of total 7 yrs would be Rs 18 and so on…

Note :

• These highest guaranteed schemes do not provide wide range of product categories, such as equity-oriented growth funds, balance funds and debt funds.
• Guarantee on highest NAV is available only if you survive the term. If you die during the term, your nominees will get the prevailing value of the fund. This is inferior to even a regular debt product because of the high cost structure involved.

Following is a pictorial description of how the Guaranteed NAV plan works with assumption of a 7 year tenure.

HOW INVESTORS GET CONFUSED

You have to read in between the lines; Investors need to understand that these schemes guarantee the “Highest NAV”,  READ AGAIN! , it’s Highest NAV and not “Highest Returns” .  Normal Investors don’t give much thought before buying these products and normally assume that the returns will be linked to the Equity Markets. .

RETURNS FROM HIGHEST NAV GUARANTEE PLANS

So, what are the return expectations of these funds? We know, that long term equity funds, are normally in the 12-15% range while, debt returns turn out to be 6-7%. So, considering the fact, that these products will shift most of their money to debt, by the end of the tenure , we can expect the returns to be in range of 9-10%. We do get some equity upside in these products, but that will be limited. After a point, this product will turn into a debt oriented fund with a major portion in debt . Also if you factor in costs, like premium allocation charges , fund management charges and other yearly charges, the returns will not be what you actually expect.

You will be amazed to know, that the returns expected from these schemes, may be lower than the returns offered by equity-oriented Ulips. The reason being, that the basic objective of protecting the previous high NAV of the fund, may constrain the fund manager’s ability to take risks while allocating funds. So if the market has fallen down, the fund manager can’t take the risk of shifting the money from Debt to Equity to gain from the potential upsides in future , because they have to provide the guarantee.

CONTROLLING YOUR EMOTIONS WITH THESE PRODUCTS

Let’s talk about mistakes from the investors point of view. We, as investors, don’t think with inquisitive, susceptive minds. Getting good returns from stock markets is anyways a tough thing in itself. So when these companies come up with plans like these, which say “highest NAV in 7 yrs”, we have to ask, “How is this possible?” . Dont say it’s not possible at all, just ask how? How do they achieve it? Stop seeing dreams of getting high returns without looking at the risk involved, and try to find out – what is the strategy they’re using , Is there something in between the lines ?

We all want to get great returns, but we have to shed this belief that, companies come up with plans specially for us. All the companies out there exist to earn money, and their motive behind every product is to make money, & generate profits for their companies, so that they keep their shareholders happy. So next time a product like this comes up , you have to control your emotions before getting in and first investigate. The worst part of this whole business, (of guaranteed highest NAV products) is the timing and how it gives naive investors, high illusions about the product. Products like these, take major advantage of psychology of the ordinary saver. Many Investors in smaller towns have broken their Fixed Deposits and taken some loan to invest in products like these, especially SBI Life Smart Ulip and LIC Wealth Plus because of the trust factor with LIC and SBI . 

DO YOU KNOW?

• Do you Know that, The Securities & Exchange Board of India (SEBI) , the stock market and mutual fund regulator, does not allow mutual funds to guarantee returns. Therefore Mutual funds can not provide guaranteed products which are related to stock markets, but IRDA can approve things like these and all these insurance companies come under the ambit of Insurance Regulatory and Development Authority of India (IRDA). So any Insurance Company can come up with a new Plan , link it with market and start providing “Guaranteed products” . You have to understand that “equity markets” and “guarantees” are a very risky idea together , so please stay away.

• Do you observe when do all these “Innovative” products come up in Market ? The answer is around end of the year, which is a premier Tax Investment time (Jan , Feb , Mar) . Is innovation in Finance space limited to End of the year ? Why dont these products come through out the year? Why ? The answer is simple , if it comes after anytime other than last 4-5 months of the Financial Year (ie Dec , Jan , Feb , Mar) , no body will bother to invest in these, because no body is bothered to “invest” at all . Companies very well understand investor psychology and their helpless ness at the end of the year because they have to provide investment proofs for tax deduction as soon as possible . This is not just limited to these products , its true for NFO’s , IPO’s in booming markets , More Sales calls at the end of the year, and other new products .

• The so-called “Guarantee” is a marketing gimmick and is implicitly a result of the way the investment is structured . what it means is that the strategy they use itself is such that it will provide you the highest NAV , even we can create our own Plan and do what they are doing . But they make sure that Investors  feel like they have done years of research and came up with these amazing plans .

WHO SHOULD INVEST IN THESE PRODUCTS ?

If you are looking for modest returns, like 8-10%, you can invest in these policies. The return of these policies may be high in the beginning, if market does well; but when market starts performing badly, the returns can take a hit and then be in a tight range. Your NAV will be protected for sure, but the returns wont be, since over time the CAGR return will go down. Remember, if your NAV is 10 today and you highest NAV is 20, for a 2 year period, the return is a good enough 41%, but by the 4th year it’s just 18.9% and by the end of 7th year it’s a measly 10.4%. So what you really need, is protection of returns, not the NAV which is just a fixed number.


SOURCE FROM JAGO INVESTOR.COM

Get your LIC Policy details by SMS

Do you run around LIC offices to get information about your policies ? If yes, now there is some good news for you , you can get basic information about your LIC policy very easily by SMS You can get general information like Bonus amount vested till date , details of nominations etc by just send one SMS t0 56677. This is a free service.

ASKLIC <Policy No> PREMIUM/REVIVAL/BONUS/LOAN/NOM

where -

Premium – Instalment premium under policy
Revival – If policy is lapsed, Revival amount payable
Bonus – Amount of Bonus vested
Loan – Amount available as Loan
NOM – Details of Nomination

Example

AskLIC 8955940009 REVIVAL

One can also get LIC pension related information by SMS

LICPension <Policy No> [STAT /ECDUE/ANNPD/PDTHRU/AMOUNT/CHQRET]

Where-

a) IPP Policy Status, (STAT)
b) Existence Certificate Due, (ECDUE)
c) Last Annuity Released Date, (ANNPD)
d) Annuity Payment thru (CHQ/ECS/NEFT) (PDTHRU)
e) Annuity Amount (AMOUNT)
f) Cheque Return Information (CHQRET)

What is Your Policy Number?

The policy number is consist of nine digits and can be found at the top left hand corner of the schedule of your policy bond.Did you knew this information ? Kindly share if this worked for your LIC policy .

What is SENSEX & NIFTY ? HOW IT WORKS ?

What is SENSEX  & NIFTY? how it operate?

The Sensex is an indicator of stock market. It gives you a general idea about whether most of the stocks have gone up or most of the stocks have gone down. Sensex represents the top stocks of the BSE, the Nifty represents the top stocks of the NSE.  The BSE is situated at Bombay and the NSE is situated at Delhi. These are the major stock exchanges in the country. There are other stock exchanges in India, but they are not as popular as the BSE and the NSE.Most of the stock trading in the country is done through the BSE & the NSE .     The Sensex is calculated taking into consideration stock prices of 30 different BSE listed companies. It is calculated using the “free-float market capitalization” method. This is a world wide accepted method as one of the best methods for calculating a stock market index. The method used for calculating the Sensex and the 30 companies that are taken into consideration are changed from time to time. This is done to make the SENSEX an accurate index and so that it represents the BSE stocks properly. based on this method sensex points will be calculated.

If the Sensex goes up, it means that the prices of the stocks of most of the major companies on the BSE have gone up. If the Sensex goes down, this tells you that the stock price of most of the major stocks on the BSE have gone down. 

   

DETAILS ABOUT SENSEX CALCULATION : -


CalculationMethodology:



SENSEX is calculated using the 'Free-float Market Capitalization' methodology, wherein, the level of index at any point of time reflects the free-float market value of 30 component stocks relative to a base period. The market capitalization of a company is determined by multiplying the price of its stock by the number of shares issued by the company. This market capitalization is further multiplied by the free-float factor to determine the free-float market capitalization.

The base period of SENSEX is 1978-79 and the base value is 100 index points. This is often indicated by the notation 1978-79=100. The calculation of SENSEX involves dividing the free-float market capitalization of 30 companies in the Index by a number called the Index Divisor. The Divisor is the only link to the original base period value of the SENSEX. It keeps the Index comparable over time and is the adjustment point for all Index adjustments arising out of corporate actions, replacement of scrips etc. During market hours, prices of the index scrips, at which latest trades are executed, are used by the trading system to calculate SENSEX on a continuous basis.

Source : BSE,money control.com

scrip selection criteria:

The general guidelines for selection of constituents in SENSEX are as follows:

• Equities of companies listed on Bombay Stock Exchange Ltd. (excluding companies classified in Z group, listed mutual funds, scrips suspended on the last day of the month prior to review date, scrips objected by the Surveillance department of the Exchange and those that are traded under permitted category) shall be considered eligible.
• Listing History: The scrip should have a listing history of at least three months at BSE. An exception may be granted to one month, if the average free-float market capitalization of a newly listed company ranks in the top 10 of all companies listed at BSE. In the event that a company is listed on account of a merger / demerger / amalgamation, a minimum listing history is not required.
• The scrip should have been traded on each and every trading day in the last three months at BSE. Exceptions can be made for extreme reasons like scrip suspension etc.
• Companies that have reported revenue in the latest four quarters from its core activity are considered eligible.
• From the list of constituents selected through Steps 1-4, the top 75 companies based on free-float market capitalisation (avg. 3 months) are selected as well as any additional companies that are in the top 75 based on full market capitalization (avg. 3 months).
• The filtered list of constituents selected through Step 5 (which can be greater than 75 companies) is then ranked on absolute turnover (avg. 3 months).
• Any company in the filtered, sorted list created in Step 6 that has Cumulative Turnover of >98%, are excluded, so long as the remaining list has more than 30 scrips.
• The filtered list calculated in Step 7 is then sorted by free float market capitalization. Any company having a weight within this filtered constituent list of <0.50% shall be excluded.
• All remaining companies will be sorted on sector and sub-sorted in the descending order of rank on free-float market capitalization.
• Industry/Sector Representation: Scrip selection will generally attempt to maintain index sectoral weights that are broadly in-line with the overall market.
• Track Record: In the opinion of the BSE Index Committee, all companies included within the SENSEX should have an acceptable track record.

Source :BSE,money control.com

Understanding Free-float Methodology

Free-float methodology refers to an index construction methodology that takes into consideration only the free-float market capitalization of a company for the purpose of index calculation and assigning weight to stocks in the index. Free-float market capitalization takes into consideration only those shares issued by the company that are readily available for trading in the market. It generally excludes promoters' holding, government holding, strategic holding and other locked-in shares that will not come to the market for trading in the normal course. In other words, the market capitalization of each company in a free-float index is reduced to the extent of its readily available shares in the market.

Subsequently all BSE indices with the exception of BSE-PSU index have adopted the free-float methodology.

Source : BSE, moneycontrol.com

Definition of free- float 

Shareholding of investors that would not, in the normal course come into the open market for trading are treated as 'Controlling/ Strategic Holdings' and hence not included in free-float. Specifically, the following categories of holding are generally excluded from the definition of Free-float:

• Shares held by founders/directors/ acquirers which has control element
• Shares held by persons/ bodies with 'Controlling Interest'
• Shares held by Government as promoter/acquirer
• Holdings through the FDI Route
• Strategic stakes by private corporate bodies/ individuals
• Equity held by associate/group companies (cross-holdings)
• Equity held by Employee Welfare Trusts
• Locked-in shares and shares which would not be sold in the open market in normal course.

Source : BSE, moneycontrol.com

Major advantages of Free -float Methodology

• A Free-float index reflects the market trends more rationally as it takes into consideration only those shares that are available for trading in the market.
• Free-float Methodology makes the index more broad-based by reducing the concentration of top few companies in Index.
• A Free-float index aids both active and passive investing styles. It aids active managers by enabling them to benchmark their fund returns vis-� -vis an investible index. This enables an apple-to-apple comparison thereby facilitating better evaluation of performance of active managers. Being a perfectly replicable portfolio of stocks, a Free-float adjusted index is best suited for the passive managers as it enables them to track the index with the least tracking error.
• Free-float Methodology improves index flexibility in terms of including any stock from the universe of listed stocks. This improves market coverage and sector coverage of the index. For example, under a Full-market capitalization methodology, companies with large market capitalization and low free-float cannot generally be included in the Index because they tend to distort the index by having an undue influence on the index movement. However, under the Free-float Methodology, since only the free-float market capitalization of each company is considered for index calculation, it becomes possible to include such closely-held companies in the index while at the same time preventing their undue influence on the index movement.
• Globally, the Free-float Methodology of index construction is considered to be an industry best practice and all major index providers like MSCI, FTSE, S&P and STOXX have adopted the same. MSCI, a leading global index provider, shifted all its indices to the Free-float Methodology in 2002. The MSCI India Standard Index, which is followed by Foreign Institutional Investors (FIIs) to track Indian equities, is also based on the Free-float Methodology. NASDAQ-100, the underlying index to the famous Exchange Traded Fund (ETF) - QQQ is based on the Free-float Methodology.

Source : BSE,money control.com

Know Your New Tax Liability

Know Your New Tax Liability : -

As per the union budget present by finance minister Pranab Mukherjee on 16^th March 2012 the newly proposed income tax rates the slab ranges have been revised upwards but the changes are not much significant in the 10% tax bracket.

In income Tax Slab for ay 13-14 / fy 12-13, basic tax exemption limits are revised and the Indian finance ministry has also broadened the tax slabs for men and senior citizens. The income tax exemption limit for men and women has been revised to Rs 2,00,000 than the previous limit of Rs 1,80,000 and 190000.There will be a minimum saving of Rs 2000 for men and 1000 for women in income tax than previous year.
The 20% slab has been widened and its limit has been raised from 8 lakhs to 10 lakhs. So there will be an additional saving of Rs 22000 in tax if your taxable income is Rs 10,00,000 as compared to previous year.
30% tax slab will now start from Rs 10,00,001

The new and revised income tax slabs and rates applicable for the financial year (FY) 2012-13 and assessment year (AY) 2013-14 are mentioned below:

New Income Tax slab For FY 2012-13 / AY 2013 -2014
New Income Tax Slabs for AY 13-14 for Resident Senior Citizens above 60 years (FY 2012-13)
S. No.	Income Range	Tax Rate + Education Cess
1	Up to Rs 2,50,000	Nil
2	2,50,001 to 5,00,000	10% + .03%
3	5,00,001 to 10,00,000	20% + .03%
4	Above 10,00,000	30% + .03%
New Income Tax Slabs for ay 13-14 for Resident Senior Citizens above 80 years (FY 2012-13)
S. No.	Income Range	Tax Rate + Education Cess
1	Up to Rs 5,00,000	Nil
2	5,00,001 to 10,00,000	20% + .03%
3	Above 10,00,000	30% + .03%
New Income Tax Slabs for ay 13-14 for Resident Women (below 60 years) (FY 2012-13)
1	Up to Rs 2,00,000	Tax Rate + Education Cess
2	2,00,001 to 5,00,000	10% + .03%
3	5,00,001 to 10,00,000	20% + .03%
4	Above 10,00,000	30% + .03%
New Income Tax Slabs for ay 13-14 for Others & Men (FY 2012-13)
1	Up to Rs 2,00,000	Tax Rate + Education Cess
2	2,00,001 to 5,00,000	10% + .03%
3	5,00,001 to 10,00,000	20% + .03%
4	Above 10,00,000	30% + .03%

For normal category  women & men the simple calculation is as follows

• Taxable Income in 10% slab maximum tax will be Rs 30000
• Taxable Income in 20% slab maximum tax will be Rs 30000 + Rs 1,00,000 total Rs 1,30,000
• Taxable Income in 30% slab minimum tax will be Rs Rs 1,30,000
• Education and other cess will be in addition to this

Income tax rates applicable for the financial year (FY) 2011-12 and assessment year (AY) 2012-13 are mentioned below:

Old Income tax slab for FY 2011-12 / AY 12-13
Income Tax Slabs for AY 12-13 for Resident Senior Citizens above 60 years (FY 2011-12)
S. No.	Income Range	Tax Rate
1	Up to Rs 2,50,000	No tax / exempt
2	2,50,001 to 5,00,000	10%
3	5,00,001 to 8,00,000	20%
4	Above 8,00,000	30%
Income Tax Slabs for AY 12-13 for Resident Senior Citizens above 80 years (FY 2011-12)
S. No.	Income Range	Tax Rate
1	Up to Rs 5,00,000	No tax / exempt
2	5,00,001 to 8,00,000	20%
3	Above 8,00,000	30%
Income Tax Slabs for AY 12-13 for Resident Women (below 60 years) (FY 2011-12)
1	Up to Rs 1,90,000	No tax / exempt
2	1,90,001 to 5,00,000	10%
3	5,00,001 to 8,00,000	20%
4	Above 8,00,000	30%
Income Tax Slabs for AY 12-13 Others & Men (FY 2011-12)
1	Up to Rs 1,80,000	No tax / exempt
2	1,80,001 to 5,00,000	10%
3	5,00,001 to 8,00,000	20%
4	Above 8,00,000	30%

More Deductions : -

Section 80C,80CCC and 80 CCD : -

BELOW MENTIONED SAVINGS ALL TOGETHER 1 LAKH DEDUCTION

1. Public Provident Fund                                
2. Employee provident fund
3. Life Insurance premiem
4. National Savings Certificate
5. Equity Linked Saving Scheme
6. Tution fees
7. Five year Postal Deposite
8. Senior Citizen scheme
9. principal repayment of home loan
10. National pension system
11. Five year fixed deposite

Section 80 D : -

Premiem on health Insurance policies up to Rs 15,000 and Rs 20,000 for senior citizens .Deduction of Rs 5000 for preventive health check up  of self or parents.

Section 80DD : -

Up to Rs 50,000 a year for spending on the medical treatment or specified Insurance  scheme of a dependent (spouse,parents,kids or siblings),who has 40% disability.if the disability is severe more than  80% than you can claim up to one lakh in this section.

Section 80 DDB : -

An indivisual can claim a deduction of up to Rs 40,000 and 60,000 in case of a senior citizen for the treatment of specified critical aliments.Indivisual can also claim this deduction on behalf of their dependents.

Section 80U  : -

It gives a deduction for the physically and mentally challenged.it allows for a deduction of Rs 50,000 for having 40% of a diability.for 80% disability the limits is Rs 100,000.

BELOW MENTIONED SAVINGS ALL TOGETHER 1.5 LAKH DEDUCTION

Section 80E : -

You get the benefit of tax deduction on the interest payment of an eduction loan for higher studies in india or abraod for a full time course from a financial inistitution or an approved charitable inistitution .The maximum period for which you get deduction is 8 years(starting when you begin repaying the loan),or till the entire loan is repayed .Which ever is earlier.

Section 80G ; -

Depending on who you give to,half the entire donation can become a deduction from your income.donation above Rs 10,000 should not be in cash.

Section 80GGC : -

Any amount of conribution made to political party or electroral trust is deductible

Section 24(b) : -

Rs 15,00,000 can claimed by you on the interest due on your home loan.How ever if the house is rented out then the entire interest due becomes a deductiable.

looking for a loan?Check your CIBIL TransUnion score before you apply!

క్రెడిట్ ఇన్ఫర్మేషన్ బ్యూరో  ఇండియా లిమిటెడ్ ( సిబిల్):-

క్రెడిట్ ఇన్ఫర్మేషన్ బ్యూరో (సిబిల్) ను 2000 సం లో క్రెడిట్ ,ఇన్ఫర్మేషన్ మేనజ్మేంట్ లో ప్రపంచం లో నే అగ్రగామి సంస్థ అయిన transunion  సహకారం తో ఏర్పాటు చేసారు.ఋణం తీసుకున్న వారికి తీర్చే స్తోమత ఉందా, లేదా అని నిర్ధారించు కోవడం ద్వారా రుణాల్లో మొండి బకాయిలను అరికట్టడానికి  బ్యాంకులు,ఆర్ధిక సంస్థలు కలసి ఏర్పరుచుకున్న సంస్థే సిబిల్.ఇప్పుడు సిబిల్ లో 500  లకు పైగా సంస్థలు మెంబెర్షిప్  తీసుకున్నాయి.దీని వలన
అయిదు వందల సంస్థలు ఒకరి డేటాను మరొకరితో పంచుకుంటాయి.ఇలా ఇప్పుడు సిబిల్ వద్ద దాదాపు 17  కోట్ల మంది రుణ చరిత్ర తో పటు సుమారు 65 లక్షల కంపెనీ ల వివరాలు ఉన్నాయి.ఎవరైనా ఒక వ్యక్తి బ్యాంకు వద్దకు ఋణం కోసం వెళ్ళగానే బ్యాంకు వారు మొదట ఆ వ్యక్తి యొక్క రుణ చరిత్రను పరిశీలిస్తారు .సిబిల్ యొక్క క్రెడిట్ report  సరిగా ఉంటేనే వారికి ఋణం మంజూరు చేస్తారు.కనీసం 750  స్కోరు  లేకుంటే పర్సనల్ లోను తో పాటు, క్రెడిట్ కార్డు పొందటం కూడా సాధ్యంకాదు.

సిబిల్ క్రెడిట్ రిపోర్టు  లో మీ స్కోరు 600 కంటే తక్కువ ఉంటె లోను దొరకడం కష్టం.
                                                  600  నుండి 700 మద్య ఉంటే మీకు మరింత విచారణ జరిపి ఋణం ఇస్తారు.
                                                  701 నుండి 750  మద్య ఉంటే మీ క్రెడిట్ హిస్టరీ సరిగానే  ఉన్నట్లు లెక్క.
                                                  751  నుండి 800  మద్య ఉంటే   మీ క్రెడిట్ హిస్టరీ   బాగుంది.
                                                  801 + అయితే మీ క్రెడిట్ హిస్టరీ చాలా బాగుంది.మీకు డిస్కౌంట్ కూడావస్తుంది.


         సిబిల్ మీకు క్రెడిట్ హిస్టరీ ని తెలుసుకునే అవకాశంను కల్పిస్తుంది .ప్రస్తుతం సిబిల్ రెండు రకాల report లను  అందిస్తుంది . ఒకటి క్రెడిట్ ఇన్ఫర్మేషన్ రిపోర్టు  CIR .ఇది మీ రుణ చరిత్ర కు సంభందించిన వివరాలను మాత్రమే అంటే క్రెడిట్ స్కోరు మాత్రమే  అందిస్తుంది.ఇందు కోసం మీరు 154  రూపాయలు చెల్లించాల్సి ఉంటుంది .రెండవది మీకు పూర్తి వివరాలు అందించటం ,ఇందుకు మీరు 470  రూపాయలు చెల్లించాల్సి ఉంటుంది .ఏదయినా కంపెనీ దాని యొక్క రుణ చరిత్ర తెలుసుకోవాలంటే 2500  రూపాయలు చెల్లించాల్సి ఉంటుంది .పోస్ట్ ద్వారా మీకు రిపోర్టు కావాలనుకుంటే 15  రోజుల వరకు పడుతుంది. ఈమెయిలు ద్వారా అయితే  కేవలం ౩ రోజుల్లోరిపోర్టు వస్తుంది.

ఎలా తెలుసుకోవచ్చు:-

పూర్తి వివరముల కొరకు లింక్ ని క్లిక్ చేయండి know your history

సంబధిత వివరాలు పూర్తి చేసి నెట్ బ్యాంకింగ్ ద్వారా 470  రూపాయలు పే చేయండి. మీరు సరి అయిన వివరములు ఇవ్వగానే మీ దరకాస్తు   నమోదు చేసుకుని మీకు పూర్తివివరాలు పంపటం జరుగుతుంది.
పోస్ట్ ద్వారా కావలసిన వారు క్రింది చిరునామాకు DD తీసి పంపగలరు.
Demand Draft - CIBIL TransUnion Score (including CIR) OR only CIR: 1. Purchase a Demand Draft (DD) of

र 470/- for CIBIL TransUnion Score + CIR OR र 154/- for CIBIL CIR in favour of "Credit Information Bureau (India) Limited" payable at Mumbai. 2. Download the Request form 3. Submit the duly completed Request Form along with Demand Draft, Identity and Address proofs to any one of our below mentioned address

అప్లికేషను ఫారం డౌన్లోడ్ కొరకు లింక్ ని క్లిక్ చేసి డౌన్ లోడ్ చేసుకోగలరు.application form

పోస్టల్ అడ్రెస్స్:
 Consumer Relations - Disclosure Request,
Credit Information Bureau (India) Limited, Hoechst House, 6th Floor, 193,
Backbay Reclamation, Nariman Point, Mumbai 400 021.

                                          

How to Check Employee Provident Fund (EPF) Balance and Status Online :

How to Check Employee Provident Fund (EPF) Balance and Status Online :

The Employees’ Provident fund is managed by an organisation called the Employees' Provident Fund Organisation (EPFO).as per epf&mp act 1952 ,The rate of contribution payable by the member is fixed at 12% of his  basic salary, daily allowence, cash value of food concession and retaining allowance up to a maximum of Rs.6,500 per month. Voluntary higher contributions are also acceptable at the joint request of the member and the employer.  
    
The employee has to declare his previous employment details in Form No.2 (containing the family particulars and nominations) through the employer and the employer submits the same to EPFO.

The employee can nominate any one or more members of his family to receive the Provident Fund in case of his death. In case he does not have a family, he can nominate any other person. The nomination can be changed by the employee whenever he wishes to do so, within the rules of the EPFO.
KNOW YOUR EPF BALANCE :
A lot of us do not have even an idea on how much money we have in our Employee Providend fund account (EPF) . So in this post we will see how one can check his EPF balance online and get the details back through sms

In order to know your PF account details, follow these simple steps:

• Visit the site know your pf balance link
• There will be a link below the page to check your status online , click on that (direct link)
• Select the EPFO office where your account is maintained.like andhrapradesh,maharashtra,karnataka etc..
• Once you select the State like AP , you will see a list of different cities office, like NIZAMABAD,GUNTUR,WARANGAL
• choose the city office
• Furnish your PF Account number in the online form
• Leave the extension field blank, in case your account does not have one.
• You will be asked to enter your name and mobile number.
• The given mobile number will be recorded along with the PF Account Number.
• On successful submission of above information, the details will be sent through SMS to the given mobile number.