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Thursday, December 19, 2013

National Payment Corporation of India (NPCI)

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

 

Owing to the rise in card and online frauds, the National Payment Corporation of India (NPCI) has decided to insure such transactions. This will cover both domestic and international card transactions — PIN- based transactions on ATMs or points of sale and e- commerce transactions, with a two- step authentication.

 

The cover will be over and above the policy taken by a bank. NPCI has sought requests for proposal to identify and appoint a general insurer to provide cover for frauds that result in financial loss to customers. According to the NPCI website, the key responsibility of the bidder (the insurer) will be to provide an overall insurance cover of ₹ 10 crore and a per- card cover of ₹ 50,000. The insurer will have to settle claims within 30 days of filing by NPCI. The bidder will also have to honour the request from any member- bank for any additional cover sought, once the policy is issued to NPCI and implemented. The premia will be paid by NPCI. Under the insurance policy with the selected bidder, NPCI will initially cover 1.8 billion approved financial transactions.

 

In case of a disputed transaction via a debit/ credit card, it is the customer's responsibility to prove he is not at fault. Till he does so, he is liable to pay for the transaction. As protection against this, one can opt for credit or debit cards that have the zero- liability feature. Both Visa and MasterCard offer this.

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

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You can write back to us at PrajnaCapital [at] Gmail [dot] Com

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

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Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
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