Features of Best 5 Best SBI Credit Cards

State Bank of India (SBI) is arguably one of the most popular banks of India, and rightly so. When it comes to offering the utmost convenience to its customers and ensuring that they get a wide range of alternatives, SBI leaves no stone unturned. And the bank extends this feature to its Credit Cards as well.

If you have been looking for the Best Credit Card, then you have landed at the right place because we have collated a list of 5 of the Best SBI Credit Cards.

1) SBI SimplySAVE Visa & Master Credit Card

This card is perfect if you want to reap the benefits of a Credit Card while paying a highly affordable annual fee. Specially designed to serve salaried individuals, the SBI SimplySAVE Card offers benefits pertaining to utility bills, shopping, travel, and other lifestyle related expenses.  Here are some of the most imperative features of this card:

Annual Fee – 499

Welcome Gift – 2,000 Reward Points for the first 2,000 spent within 2 months from the date of receiving the card.

Reward Points –

  • 10 points for every Rs. 100 spent on groceries, dining, and movies.
  • 1 point for every Rs. 100 spent on other payments.

Interest-Free Period – 20-25 days

Annual Percentage Rate –2%

Additional Benefits – Fuel surcharge waiver of 2.5% on every transaction between Rs. 500 and Rs. 3,000.

2) SBI SimplyCLICK Visa & Master Credit Card

This card has been specially put on offer for the consumers who largely depend on online transactions, whether it comes to shopping online or booking the movie tickets, amongst other lifestyle expenses. Yet another card that is being offered at a fairly reasonable price, the SBI SimplyCLICK Visa & Master Card offers multiple benefits. Some of the aspects of this card that you must know are:

Annual Fee – 499

Welcome Gift – A voucher worth Rs. 500 from Amazon

Reward Points – 10 points for all online spends via exclusive partners, including Amazon, BookMyShow, Cleartrip, FoodPanda, Lenskart, as well as OLA and ZoomCar.

Additional Benefits –

  • Opportunity to earn as much as 5x Reward Points on shopping online.
  • Fuel surcharge waiver of 2.5%, on every transaction between Rs. 500 and Rs. 3,000.
  • On annual online spend of Rs. 1 Lakh and that of Rs. 2 lakh, an e-voucher worth Rs. 2,000 each.
  • Fee reversal for the coming year if the annual spend exceeds Rs. 1 Lakh in a year.

3) SBI ELITE Visa & Master Credit Card

As the name suggests, this card is designed for customers who spend heavily on lifestyle. Given the fact that this card offers some exemplary benefits, it attracts a slightly high annual fee. Here’s all that you need to know about the SBI ELITE Visa & Master Card!

Recurring Annual Fee – 4,999

Welcome Gift – Gifts worth Rs. 5,000 from partner brands including Yatra, Shoppers Stop,Marks& Spencer, Pantaloons,Bata, and Hush Puppies.

Reward Points –

  • 10 reward points against every Rs. 100 spent on groceries, departmental stores, movies, and dining.
  • 2 reward points against the spending of every Rs. 100 on retail products and services.
  • On annual online spend of Rs. 3 Lakhs, 10,000 bonus reward points.
  • 15,000 bonus reward points each, on annual spends of Rs. 5 Lakhs and 8 Lakhs.

Additional Benefits –

  • Overall annual benefits worth Rs. 30,000.
  • Movie tickets worth Rs. 500 for 2, from BookMyShow, every month.
  • Complimentary membership for Trident Privilege Red Tier as well as Priority Pass Program, along with that for Club Vistara.
  • Insurance Cover of Rs. 1 Crore against air accidents.
  • As many as 8 complimentary visits to domestic airport lounges, across India.
  • As many as 6 complimentary visits to international airport lounges, across the globe.
  • Waiver of fuel surcharge of 1%, on every transaction between Rs. 500 and Rs. 4,000, with a cap of Rs. 250 per billing cycle.

4) IRCTC SBI Platinum Credit Card

Ideally suited for those with a penchant for traveling by trains, this card offers ample benefits as well as privileges to compensate for its meagre annual fee. This card can also be used to book any one of the 5,000 hotels across 350 cities in India, listed on IRCTC.

Annual Fee – 500

Renewal Fee – 300

Welcome Gift –Complimentary membership of ShubhYatra as well as 100% value pack for Railways Points for AC ticket.

Reward Points –

  • 10 reward points against every Rs. 100 spent on groceries, departmental stores, movies, and dining.
  • 2 reward points against the spending of every Rs. 100 on retail products and services.
  • On annual online spend of Rs. 3 Lakhs and that of Rs. 3 Lakhs, 10,000 bonus reward points each.
  • 15,000 bonus rewardpoints each, on annual spends of Rs. 5 Lakhs and 8 Lakhs.

Additional Benefits – A cash advance limit of up to Rs. 15,000 in case of platinum cards, or up to 80% of the credit limit for regular cards.

5) SBI Prime Credit Card

Priced a little lower than the ELITE Visa & Master Card, SBI Prime Credit Card offers a similar array of benefits, thus catering to consumers with moderate to high spending habits. Some of the distinct features of this card include:

Recurring Annual Fee – 2,999

Reward Points –

  • 20 reward points for every Rs. 100 spent towards payment of utility bills.
  • 20 reward points for every Rs. 100 spent on the cardholder’s birthday.
  • 15 reward points for every Rs. 100 spend at brand brands, especially Reliance Outlets.

Additional Benefits –

  • Complimentary membership for Trident Privilege Red Tier as well as Priority Pass Program, along with that for Club Vistara.
  • Insurance Cover of Rs. 50 Lakhs against air accidents.
  • 8 complimentary visits to domestic airport lounges, across India.
  • 4 complimentary visits to international airport lounges, across the globe.
  • Waiver of fuel surcharge of 1%, on every transaction between Rs. 500 and Rs. 4,000, with a cap of Rs. 250 per billing cycle.
  • On annual spend of Rs. 5 Lakhs and above, an e-gift voucher from Pantaloons, or Yatra.com worth Rs. 7,000.

Now that you are well-informed of all the features of the leading SBI Credit Cards, Compare Top Banks Credit Cards & pick any one that suits your needs, as well as your spending behaviour. For what it’s worth, the benefits offered by the card, will often far exceed the annual fee you pay for it!

To apply online for Credit Cards, Secured Loans and Unsecured Loans, visit www.mymoneymantra.com, the leading online lending marketplace that offers financial products from 70+ Banks and NBFCs. We have served 2 million+ happy customers since 1989.

Talk to our Loan Specialists toll-free at 1800 103 4004 to know more about our products and offers.

How to choose the right car cover?

Purchasing a car can be long term investment which requires careful planning and ample effort for protection of your asset. Protecting the care from any kind of damage is essential, given the fact that handling any damage can be a costly affair. This is especially true when you lack a garage that could have protected your precious car from harsh weather or external damage. Car covers can be an excellent object that can protect your car even when you have a garage.

Here are some of the things that can help you choose the perfect car cover.

1-Determine the protection you need:

Before you go ahead and buy a Kia optima auto cover, make sure you determine the requirement. If you do not own a garage, your car is susceptible to bigger threats. Outdoor car covers can help you protect the vehicle from dents, breakage of the windshield, or dust storms. Winds have been known to cause a substantial damage to the car by blowing things in which includes tree branches, dust, children’s toys, or even big objects if the wind is fast enough. In cases like these, you need to opt for a car cover that is sturdier and lasts long.

2-Indoor Covers or Outdoor Covers:

You might assume that having your car parked inside the garage doesn’t require a car cover but that is far from truth. Even when kept indoor, your car is susceptible to moisture, bugs, rodents, etc. Additionally, people visiting the garage can accidentally scratch it or bump into it leading to a hefty financial invest to correct the same. Indoor covers generally tend to be lighter than the ones required outdoor. You can either opt for the cover that fits tightly with the car or you can opt for the ones that fit lightly over the car in order to protect any kind of condensation from being trapped inside. Additionally, car covers can also protect your newly painted car especially the ones that are resistant to mildew or rotting.

3-Style and Material:

Now, no one says that your car cover needs to be all boring and plain looking. You can opt for a stylish cover with beautiful bright colors. The second thing that matters a lot when opting for a car cover is the material that you opt for. It needs to be perfect for the climate your area is prone to. If your car is being placed in an area with bright light and heat, make sure you opt for covers that are breathable as well as UV resistant. You wouldn’t want the heat to build up inside the car. On the other hand, if you live in an area susceptible to rain and storms, you need something that can easily withstand water pouring down on it.

4-Measure your vehicle size:

This is probably the most important thing that you need to remember before you plan to bring home your perfect car cover. You wouldn’t want to invest your hard earned money in something that won’t even fit. So make sure you measure the size of your vehicle, especially if you are planning on purchasing the cover online.

Mistakes usually made by new crypto traders

Crypto trading is usually just the same as stock market. However, there are just a few differences that one can be able to point out between the two. For instance. The volatility when it comes to cryptocurrency is way high and runs throughout the day.

With crypto trading, you don’t have to worry about the closing hours of the market. As said before, this runs all day thus you can be able to trade at any time of the day. Anyway, with the cost of living going up, people won’t hesitate to find other ways in which they can make ends meet and joining the crypto trading world can provide a way out.

However, even by using greatly designed trading bots like the Bitcoin Code software, people still make mistakes during their early days in trading and that’s what the article will be discussing today.

Since, everyone is always born without any knowledge of something, it is only natural that you are bound to make a couple of mistakes during your first days dealing with something new. For that reason therefore, let us look at some of the mistakes the people always make when starting out on crypto trading.

  1. Failing to do your own research

You know you will be using your own money, right? Which of course you are not getting any easily. You will be putting yourself at risk if you don’t know or understand the value of the product or even the product itself.

This will force you to depend on someone to help you make your trading decisions. Doing your own research will enable you to know more about the product and what’s happening in the market, making you to be able to make rich decisions depending on the information you have gathered.

Continuous dependency on people is quite dangerous and can lead to you, losing your investments.

  1. Mining with huge expectations

Well, those who were first to mine Bitcoin and other cryptos are definitely rich by now, good for them. But this should not tempt you to also start mining.

You can, since it one of the ways you can acquire them, but it is not worth it. First, you will need to buy your own mining machine and also pay for the power that you will be using which in this case is way too much.

Again, if you get to do all of these without no proper research on how to go about it, you will be putting yourself in a big trouble.

  1. Patience

I don’t think whoever came up with the phrase “patience is a virtue” was wrong and it is something that most people don’t have.

It is quite unfortunate that people nowadays are looking for ways in which they can get some quick money. Well, if you are this kind of guy, then perhaps the crypto world has no place for you.

Whether you are aiming for the short term or the long term profits, you need to have a plan and make sure you stick by it. For you to pull this off, you are definitely going to need some patience.

  1. Failing to hold their private keys

This is one of the biggest mistakes that a lot of people always make as beginners to the crypto trading business.

If you don’t have any idea of what a private key is, or even if you don’t have a clue regarding the type of crypto wallets that you should be using, you can click here to learn more on that.

Anyway, most traders have lost a lot of money simply because of a compromised exchange or due to a wallet service crushing. This is why it is important to always hold your private keys.

  1. Finding communities

If you are new to something, it is only natural that you would welcome any help you might get, especially if you are dealing with something a bit technical like the cryptos.

Anyway, if you are just starting out with cryptocurrency, some of the best places to find information, are the online communities. These communities are always available to help people with different issues concerning the crypto market.

All you need to do is join and participate actively before you start asking your own questions.

  1. Confusion with the crypto wallets

This is something that mostly occurs when a trader is in a hurry to make transactions. A lot of crypto traders have lost a lot of money due to this technical mistake that can simply be avoided.

You need to be extra keen when doing transactions. This means double-checking the other wallet where you are supposed to be sending your funds to. Proceed with the transaction if the wallet matches the token.

Don’t lose your crypto just because of a simple mistake that can easily be avoided, do not send ETH to a BTC wallet or the reverse. Always make sure you use the correct wallet.

  1. Failing to keep hard copies

Hard copies for who? I get it. Technology has since been improved and there are other ways to store data but not just hard copies. Well, in the crypto world, everything else counts as you never know what could happen the next minute.

All am saying is, it is very much important if you could just find somewhere and write down your important information including the passwords and your private keys, print them out and safely keep them.

This will help you a lot for when your computer crushes, gets compromised or even stolen, you can still be able to restore all your crypto on a new device.

  1. Using the 2 factor authentication

A lot of instances will arise where you will be forced to make necessary exchanges. But, this still is not enough reason for you not to use the 2 factor authentication if you can.

You can then save your restoration code safely somewhere offline. If you forget to save the restoration code, you will be forced to contact the customer care, which in some cases, you will not be so lucky to find.

So if you are going to use the 2 factor authentication, make sure you also remember to save the restoration code some place where you can easily find it.

  1. Fear of missing out (FOMO)

You remember that one time back in college or high school when your friends were rushing to do something just because most people are doing it? Well, this is just how FOMO works.

It leads you in to making haste decisions because you have fear that you are going to miss out. You shouldn’t let this get into you and you also need to realize that other opportunities are there eachand every day in the crypto market.

With just enough research you are just going to be fine.

Conclusion

These are just some mistakes that new traders often make as they struggle tofind their way around the crypto market. If you want to be on the same side, please do avoid the. I’m sure you’ve also noticed the emphasis made on how much you should do and depend on your own research. This could really help you out.

Hidden Charges you must Know if you are using a Credit Card

As we all know credit cards are helpful for the purchases we make through it. And the bank offers us free cards. But there were compulsorily things you must know about a credit card. Like our imagination credit card is not free. We have to pay a certain amount for it which is we never knew. All these charges is a headache if we don’t use the credit card properly.

The annual maintenance fee:

Even though the bank says you that they give you free credit card but they are charging many hidden charges on these credit cards. When you get a free card, you think that the joining fee and the annual fee will be reused. But the actual thing is that you have to pay an amount after the initial period. The waived off is only up to one year. And the amount you have to per year is about Rs 1500 to Rs 3000. You can check here for complete details of all charges on all major credit cards in India.

Transaction of Foreign Currency

If you make any transaction using you credit card in foreign currencies then you have to pay a pre-determined fee. This pre-determined is applied in every transaction you made in foreign currencies which depending on the amount how much you transfer. The credit card charges on foreign currencies about 3-5% of its transaction amount.

Interest costs

The bank will give a due date to pay the outstanding amount for each month. If you don’t pay or if you were not able to pay within the expected date which the bank given, then the bank will charge an interest at the rate of 3 cent per month that expenses incurred on the card. This is not seemed as excessively high rate but the actual thing is that the monthly interest rate is annualized to arrive at an annualized percentage rate which is probably known as APR. This APR or annualized percentage rate can be high as 36 to 38 per cent.

Cost on Overseas transaction

You will never know that the bank charges a rate on overseas transaction too. But it is really happening, the bank will charge you a rate for every transaction you made as overseas.  This rate of interest will approximately 3 to 5 per cent of the overseas transaction which is converted into INR. This rate is depending upon the rate of exchange on the day where you made the transaction.

Using credit card for cash withdrawal.

You can make withdrawal through credit card. And some banks give you a certain amount on the first withdrawal you made through credit card. But after that when you made a withdrawal the bank charges on the transaction at the rate of 2.5 per cent on the cash advance. In addition to this you have to pay a certain rate of interest from day one after the withdrawal. There will be high rate of 24 to 25 cent per annum will be charged after the withdrawal.

Crossing card limit cost

Every banks who provides you credit card will put a limit on every credit cards. Even when you cross a single amount of one rupee the bank will charges you a limit amount which is about rs 500 or 2.5 per cent on the over limit amount. The is the minimum amount which can be said as the bank puts high rate on crossing limit.

Late payment fee

When you not able pay on time or when you made late payment, the bank will then also charges a certain amount on your payment. The late payment fee either fixed or flexible depending upon the credit card issued banks. There will be charged at the rate of 100 to 600 rupees for the amount between 500 to 20,000 and rupees 700 to 800 for the amount more than 20,000.

A duplicate statement fees

The monthly statement of the transactions is delivered through the postal address with free of cost by the banks. If you want a duplicate statement fee, you should have request to the bank and the bank will charge you an amount at the cost between Rs 50 to 100. After the payment the bank will issue the duplicate statement.

Card replacement fee

Did you ever lose your card before? There is a chance of losing your card even you have high caring capacity. In such cases you should apply for bank. While applying for card replacement the bank will charge a certain amount for the card replacement which is in between rupees 250 to 300.

Dishonor of ECS charge or limit on every credit cards

When the payment on your credit card bounces the bank, which provides you credit card will charge you a fixed amount. The amount will be at the rate in between rupees 300 to rs 350. There will be an amount of rupees 100 will be added to your statement when the banks sends a representative to pick up the cash or cheque on the amount of overdue in next month.

Surcharges

When you use your card to purchase petrol the bank will charge a percentage of the transaction value. This charge can be either 2.5 per cent of the transaction nor rs 10 to rs 25 flat fee which depends upon your bank. There are some banks which offers a claim on the surcharge for fuel. But this for some certain specified banks which in between rs 400 to rs 4000. Which means any transaction under rs 399 or over 4000 rupees will be charged as usual.

Are you Aware of the Tax Benefits of Life Insurance?

A life insurance policy basically provides financial and monetary protection to the dependants of the insured after his or her death. A life insurance policy is a legal contract between the insurer or the insurance company and the policyholder. It ensures a guaranteed payment to the beneficiaries of the insurer upon his/her death. Various life insurance channels are present like term life, variable universal life, whole life and universal life.

Life insurance plays certain important roles. Life insurance plays an investment role as the premium paid comes back to the individual with added returns. Life insurance also acts a risk cover and provides financial protection against unforeseen circumstances. Insurance provides a sense of security to the insured which no other investment can provide. The most important role of insurance which is often overlooked by the policyholders. The Government of India provides tax benefits on life insurance products which facilitates the flow of funds to other productive assets. The insured is entitled to tax benefits under Section 80C and Section 10 (10D) under the Income Tax Act of India.

Life insurance is an important tax saving tool which can help save immediate tax and also help plan for long term goals in a tax effective manner. Under the Income tax act of India, tax deduction can be claimed for premium paid for the life insurance policies under section 80C. Important points to note are:

Amount of benefit allowed: The maximum benefit that can be claimed is rupees one lakh fifty thousand from the taxable income from investments made in specific categories, life insurance being one of them. An amount of up to Rs. 150000 can be claimed if no other investments are being made under this category.

Who can benefit: This deduction can be claimed by individuals and Hindu Undivided Families (HUF). The individual can benefit if the life insurance has been bought for himself or herself or for his or her spouse. Paying premium on life insurance for anyone other than the above is not tax deductible.

Premium vs Coverage: The premium is deducible only if it is within the coverage limit. The coverage should not be more than 20% of the sum assured. If the amount paid as premium is more than the coverage limit, the amount over and above the 20% of sum assured is not tax deductible. This is valid for policies issued before March 31, 2012. In case of policies issued on or after April 1, 2012 tax deductions are allowed for premiums paid up to 10% of the sum assured.

Policy holding period: In case benefit has been claimed under this section and the policy is terminated within 2 years from the start of the policy, the benefit is reversed. This applies to all life insurance policies except ULIP’s. In case of a ULIP, if the policy is terminated within 5 years from the start of the policy, the benefit is reversed.

In case of death claims and maturity benefits, the tax exemption can be claimed under section 10 (10D). In order to qualify for deduction under this section, the amount should have been the maturity benefit, survival benefit, death benefit, sum allocated by way of bonus or surrender value. The amount of deduction allowed is 20% of the total policy sum assured in case of policies issued after April 1, 2013. For policies issued after April 1, 2012 the amount eligible for tax deduction is 10% of the total policy sum. There is no upper cap on the amount of deduction claimed under this section. The plan for which deduction is claimed should be for the protection of life of a person with severe disability as specified under section 80U or an ailment listed under section 80DDB of the Income tax act, 1961.

Term Insurance Plans for the Best Coverage and Tax Saving

There are various life insurance plans available in the market. Term insurance plans, which are availed for a certain period of time offer great benefits to the insured. Kotak life insurance offers various plans that are aimed at providing security and risk cover to the insured. These include protection plans, Savings and Investment plans, Retirement plans, Child plans etc. One such plan offered by Kotak Life Insurance is the e-term plan. It is an affordable plan that offers financial security to the family of the insured. Kotak life insurance e-term plan is a pure protection term insurance plan.Kotak e-term plan offers the option of enhancing the coverage to provide a risk cover against accidental death, disability etc. The key features of the plan include protection at a nominal cost, availability of multiple plan options, three easy pay-out options and an option to step down. The benefits include affordable premium which is as low as Rs. 9 per day, availability of add on benefits and tax savings under section 80C and Section 10 (10D) of Income Tax Act, 1961.

Amongst all the tax savings options available, a term plan is often considered as the most effective option. Not only does it offer financial security to the family of the insured, but it helps in effectively reducing the tax liability of the individual. Choosing and purchasing a term plan that is suitable to the individual is an important task. Kotak life insurance, a trusted provider of life insurance policies provides a broad range of term plans which offer triple benefits of tax savings, risk cover and tax free returns.

Thus, with a thorough understanding of life insurance policies, individuals can plan out their investments and ensure correct decisions. Life insurance policies are important and effective tools of investment and tax savings. With better planning and consultation of experts, individuals can make the most out of their investments, avail tax benefits and also achieve their long term financial objectives.

SBI Hikes Interest Rates on FDs

Do you like to save in Fixed Deposit? So here is a good news for you. The largest bank in India, SBI has now made a hike in the interest rate of fixed deposits below Rs.1 crore. According to the official website of SBI, there has been revision interest rates in some of the select maturities by up to 25 basis points. The interest rate for SBI FDs which have a maturity of one year to less than 2 years has now been hiked to 6.65%, which was earlier 6.4%. From now on, the interest rate for Senior Citizens will be 7.15% which was 6.9% earlier. The revised or the hiked interest rate on State Bank of India Fixed Deposits will be effective from May 28.

All the SBI FDs which will have a maturity period of 2 years to less than 3 years will give an interest rate of 6.65% as compared to 6.6% earlier. The Senior Citizens will be able to fetch 7.15%, higher than 7.10% earlier.

The rate of interest for FDs with other maturities have not been changed. The interest rate for FDs which have a maturity period of 7 days to 45 days is 5.75%, 46 days to 179 days is 6.25% and for FDs with maturity of 180 days to 210 days is 6.35%. Some of the other maturity brackets like 211 days to less than 1 year will give you an interest rate of 6.4%, 3 years to less than 5 years will fetch 6.7% and 5 years to up to 10 years will offer 6.75%.

Tenors Existing for Public w.e.f. 28.03.2018 Revised For Public w.e.f. 28.05.2018 Existing for Senior Citizens w.e.f. 28.03.2018 Revised for Senior Citizens w.e.f. 28.05.2018
7 days to 45 days 5.75 5.75 6.25 6.25
46 days to 179 days 6.25 6.25 6.75 6.75
180 days to 210 days 6.35 6.35 6.85 6.85
211 days to less than 1 year 6.4 6.4 6.9 6.9
1 year to less than 2 year 6.4 6.65 6.9 7.15
2 years to less than 3 years 6.6 6.65 7.1 7.15
3 years to less than 5 years 6.7 6.7 7.2 7.2
5 years and up to 10 years 6.75 6.75 7.25 7.25
(Source: sbi.co.in)
After an increase in interest rate of SBI fixed deposits, some of the other leading banks in India may also follow the same.

How to Change your Signature in Kotak Mahindra Bank Account ?

Change Signature in Kotak Mahindra Bank Account : Kotak Mahindra Bank is a well known bank in India which provides its customers with a lot of banking options. While opening your account in Kotak Mahindra Bank, you need to put your signature at many places in the Kotak Mahindra Bank Account Opening Form. Usually, we may keep the same signature throughout our life. However, some people might want to change their signature at a later stage. Some people often as us that can i change my signature in Kotak Mahindra Bank account ? So, we thought to answer this question by writing this article. Before, you we tell you the to procedure to change the signature in Kotak Mahindra Bank Account, we recommend you to change Signature in PAN Card as it is directly linked to your Bank Account and any mismatch could cause an issue.

How to Change Signature in Kotak Mahindra Bank Account ?

Before we begin with the process of change of signature in Kotak Mahindra Bank, make sure your Account is active and working fine. If you account is inactive or dormant, you can reactivate dormant account in Kotak Mahindra Bank first.

1) Write an Application to the Branch Manager for Change of Signature in Kotak Mahindra Bank Account. You must remember to mention all the details given below :

  • Your Kotak Mahindra Bank Account number and Customer ID/CIF Number (You can find this on Account Statement)
  • Your Existing Signature and New Signature
  • Reason for Signature Change

2) Gather Documents supporting the Change of Signature : You can provide the copy of your PAN Card in which you have already changed your Signature.

3) Visit the Kotak Mahindra Bank Home Branch, ask the Accounts Executive for Kotak Mahindra Bank Change/Modification Request Form and fill it up completely and put the Old as well as New Signature.

4) Submit all the necessary Documents including the Application of Change of Signature, Self Attested copy of your PAN Card and completely filled up Change/Modification Request Form to the Accounts Executive.

That’s it! Once the successful verification of your documents and signature is done, your new signature will appear in Kotak Mahindra Bank records. You can also read our previous articles on how to change your Name in Kotak Mahindra Bank Account and Change your Address in Kotak Mahindra Bank Account.

Final Words :

You might have seen that the procedure to change signature in Kotak Mahindra Bank Account is quite easy. Once you have all the necessary documents, it does not take more than 10-15 mins for the Change of Signature in Kotak Mahindra Bank Account. Hope this answers your question ‘what is the procedure to change the signature in Kotak Mahindra Bank account?’

What is Importance Of Cost Management Training?

There are some categories of business owners out there who did not see any need to engage the staff in any form of training that targets waste reduction. To these set of business executives, they believe things will naturally fall in line. There are some others who are of the belief that they only need partial training of their staff in some areas of their business while other areas do not need the involvement of cost management training. We are going to look at the importance of making sure that every member of staff undergoes this course for the overall interest of the business endeavor.

* Effective Management Of Cost

The overall target of any business set up is to maximize profits and reduce the costs. This course will help in generating a huge amount of savings year in year out for businesses that avail its staffs the benefits of undergoing the course. It will help companies the opportunity to effectively use their resources to maximum benefits. It will help determine the cost of different services and products. It helps an organization to know if a supplier’s quotation is reasonable or not. It helps to facilitate improvements both within the organization as well as with the suppliers.

* It Helps In Measuring Performance

With an effective cost management of the operations of any business concern, it will become relatively easy to measure the performance of the business through the results of the finances posted. The two major factors that make up the value of the firm can be determined; they are the Risk and Profitability factors. Financial decisions which increase risks will be avoided while decisions that encourage profitability will be embraced. Good financial decisions are therefore made at the end of the day.

* Better Use Of Resources

When an organization knows the cost implications involved in the business process, they will behave privileged information that will enable them to make decisions that will ensure that they avoid pitfalls that lead to wastages. Many companies who are not versed in this process of this will definitely find themselves losing out at the end of the day. When you are able to manage the resources effectively well, you will be able to put such to judicious use and hence maximize the profits at the end of the day. Only companies whose staff has the benefits of this type of training from a reputable service provider like Zoe Talent Solutions can be in a position to make the best use of available resources.

The Handwriting So Far

You can reason from the points so far made that it is glaring that this training is highly important if a business is expected to get the best benefits. You need the experts to carry out the training exercise if results are to be achieved. With due respects to the service providers around in this notch, it is very glaring that every company needs a service provider that stands out in the midst of the rest like a star in the distant horizon. They can be relied upon for total and holistic solutions that will give any business the best benefits ever.

We are not yet done with the benefits that you will derive from carrying out the training for the benefit of your business. Take a look at the following as well:

* Project Cost Management

When you allow the experts to implement an effective management on cost for your firm, you will be in control by being in a position to keep your budget under that control. There are cases of businesses that overshoot their budget estimates; in such cases, there will be a problem over the effective completion of such projects.

It is best to have a detailed analysis of what the cost is involved before you move into the business execution proper to be able to sail through without any form of a hitch. There are three key components involved. They are:

* The Project Cost

You need a detailed estimate of the cost of each of the units that make up the project

* Your Budget

When you have known the units that make up the project; you will be required to carry out a cost of what is involved in each of the units which will form the baseline for the project. The approved baseline is the budget for the project.

Cost Control

When you have gotten to the execution stage of your project; there is the need for effective control of the project. This can only be done by the experts.

Final Take

You need to carry out this process if you want the best for your business. For the best service provider you must be on the lookout for experience and the one with the best portfolio or you can click here to visit our recommended business management website.

How to Change your Signature in YES Bank Account ?

Change Signature in YES Bank Account : YES Bank is a well known bank in India which provides its customers with a lot of banking options. While opening your account in YES Bank, you need to put your signature at many places in the YES Bank Account Opening Form. Usually, we may keep the same signature throughout our life. However, some people might want to change their signature at a later stage. Some people often as us that can i change my signature in YES Bank account ? So, we thought to answer this question by writing this article. Before, you we tell you the to procedure to change the signature in YES Bank Account, we recommend you to change Signature in PAN Card as it is directly linked to your Bank Account and any mismatch could cause an issue.

How to Change Signature in YES Bank Account ?

Before we begin with the process of change of signature in YES Bank, make sure your Account is active and working fine. If you account is inactive or dormant, you can reactivate dormant account in YES Bank first.

1) Write an Application to the Branch Manager for Change of Signature in YES Bank Account. You must remember to mention all the details given below :

  • Your YES Bank Account number and Customer ID/CIF Number (You can find this on Account Statement)
  • Your Existing Signature and New Signature
  • Reason for Signature Change

2) Gather Documents supporting the Change of Signature : You can provide the copy of your PAN Card in which you have already changed your Signature.

3) Visit the YES Bank Home Branch, ask the Accounts Executive for YES Bank Change/Modification Request Form and fill it up completely and put the Old as well as New Signature.

4) Submit all the necessary Documents including the Application of Change of Signature, Self Attested copy of your PAN Card and completely filled up Change/Modification Request Form to the Accounts Executive.

That’s it! Once the successful verification of your documents and signature is done, your new signature will appear in YES Bank records. You can also read our previous articles on how to change your Name in YES Bank Account and Change your Address in YES Bank Account.

Final Words :

You might have seen that the procedure to change signature in YES Bank Account is quite easy. Once you have all the necessary documents, it does not take more than 10-15 mins for the Change of Signature in YES Bank Account. Hope this answers your question ‘what is the procedure to change the signature in YES Bank account?’

How to Change your Signature in IndusInd Bank Account ?

Change Signature in IndusInd Bank Account : IndusInd Bank is a well known bank in India which provides its customers with a lot of banking options. While opening your account in IndusInd Bank, you need to put your signature at many places in the IndusInd Bank Account Opening Form. Usually, we may keep the same signature throughout our life. However, some people might want to change their signature at a later stage. Some people often as us that can i change my signature in IndusInd Bank account ? So, we thought to answer this question by writing this article. Before, you we tell you the to procedure to change the signature in IndusInd Bank Account, we recommend you to change Signature in PAN Card as it is directly linked to your Bank Account and any mismatch could cause an issue.

How to Change Signature in IndusInd Bank Account ?

Before we begin with the process of change of signature in IndusInd Bank, make sure your Account is active and working fine. If you account is inactive or dormant, you can reactivate dormant account in IndusInd Bank first.

1) Write an Application to the Branch Manager for Change of Signature in IndusInd Bank Account. You must remember to mention all the details given below :

  • Your IndusInd Bank Account number and Customer ID/CIF Number (You can find this on Account Statement)
  • Your Existing Signature and New Signature
  • Reason for Signature Change

2) Gather Documents supporting the Change of Signature : You can provide the copy of your PAN Card in which you have already changed your Signature.

3) Visit the IndusInd Bank Home Branch, ask the Accounts Executive for IndusInd Bank Change/Modification Request Form and fill it up completely and put the Old as well as New Signature.

4) Submit all the necessary Documents including the Application of Change of Signature, Self Attested copy of your PAN Card and completely filled up Change/Modification Request Form to the Accounts Executive.

That’s it! Once the successful verification of your documents and signature is done, your new signature will appear in IndusInd Bank records. You can also read our previous articles on how to change your Name in IndusInd Bank Account and Change your Address in IndusInd Bank Account.

Final Words :

You might have seen that the procedure to change signature in IndusInd Bank Account is quite easy. Once you have all the necessary documents, it does not take more than 10-15 mins for the Change of Signature in IndusInd Bank Account. Hope this answers your question ‘what is the procedure to change the signature in IndusInd Bank account?’

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