Relitrans Financial

Relitrans Financial Financial services Jaswant Singh
(Founder)

This is a forum for providing high quality professional consultancy in the arena of Financial services viz All kinds of Insurance (Retail, Commercial and Speciality),Loans, Investments,Trading avenues,Real Estate and Tax Planning. Every day multitude of products are being unveiled with exotic features ,some are useful others just adding to confusion and chaos rather than solving the issues. Here

we try to keep all the members abreast of the latest news in the financial sector and help each other to identify our real needs and select the best possible solutions to to achieve our financial goals.

06/03/2014

Private hospitals to stop CGHS cashless scheme from March 7

06/12/2013

Now your investment in EPF will not find its way in stock markets

As a salaried individual you may be contributing your hard earned money into the Employee Provident Fund (EPF) account and making some provision for your golden years. You see, Provident Fund (PF) corpus that you build over your entire working life is a significant contributor to your retirement wealth. Also if you have invested in equity instruments wisely and balance your portfolio as age progresses, the process of wealth creation can even get better, enabling you live golden year of retirement comfortably.

In fact recognising this very trait of equities of being an effective wealth multiplier and a hedge against inflation; the Finance Ministry in 2008 had increased the ceiling on investment in equities by provident funds to up to 15% of the corpus from the earlier 5% (in 2003), but restricted it to equity shares of firms in which derivative trades are allowed on the National Stock Exchange and the Bombay Stock Exchange. The Central Board of Trustees (CBT), the apex advisory body of the Employees' Provident Fund Organisation (EPFO), was not in favour of liberalising the investment norms for EPF earlier, but later agreed subject to the condition that there is a guaranteed "reasonable rate of return" (a capital protection assurance) be provided by the Government. But not having received any official assurance from the Government, now EPF investments will not find their way in stock markets.

29/10/2013

INSURANCE FOR ONLINE PAYMENTS FRAUD SOON !!!

Still 82% people in India are reluctant to choose electronic route for the safety reasons. As technology is getting better, cases of online frauds are also becoming frequent. But soon this might change. National Payments Corporation of India (NPCI) has been mulling over providing insurance cover for domestic and international online transactions. NPCI handles, consolidates and integrates the multiple systems of retail payments in India.

Besides covering compromised and disputed ATM transactions, it would also cover fraudulent transactions resulting in financial loss to non-bank operators. Per card insurance cover has been set Rs 50,000 for now.

09/10/2013

IRDA launches Insurance Repository System, the first of its kind in the World (FREE OF COST)

Insurance Repository system for individual policy holders is a pioneering initiative of India’s Insurance Regulatory and Development Authority (IRDA), the first of its kind in the world, as part of its efforts to improve services to policy holders and Insurance pe*******on. Insurance Repository system will enable policy holders to buy and keep insurance policies in dematerialized or electronic form (e-Policies). e-Policies will eliminate paper and associated risks of storage and loss and provide convenience and safety to the customer.

It will also make it a economical preposition for Insurance companies to issue and service e policies as compared to traditional paper policies. This reduced cost will make lower ticket policies much more viable and is expected to give a further boost to greater pe*******on of insurance in India.

IRDA has licensed five entities – NSDL Database Management Ltd., Central Insurance Repository Ltd., SHCIL Projects Ltd., Karvy Insurance Repository Ltd., and CAMS Repository Services Ltd. – to act as Insurance Repositories (IRs). The IRs will also act as a single point of service for all e Policies held by a policy holder, making it convenient for policy holders to get service on demand. All the Repositories will be directly regulated by IRDA

A policy holder needs to open an e Insurance Account (eIA) with an Insurance Repository to be able to buy and keep policies issued by various insurers in electronic mode – be it life, pension, health or general. This account opening is free of cost to the account holder. An Individual can have only one e IA and he will get a unique e Insurance Account number. Once an e IA is opened, a policy holder can keep all his e policies, both life and general, issued by various Insurers, under this single account. Initially, this facility is launched for life insurance policies which are of long term nature.

A policy holder can also convert existing policies (in paper form) into electronic form by submitting a request for conversion after opening an e IA. Once a person has an e-IA, he doesn’t have to go through the KYC process every time he buys a new insurance policy. Further, any changes to personal details like address can be effected through a single request to the Repository.

12/09/2013

Would your bank stop mis-selling insurance products now?

Lack of alternatives leads a bank to mis-sell. If you believe this to be true, mis-selling of insurance products by banks may substantially come down now. Insurance Regulatory and Development Authority (IRDA) had allowed banks to become insurance brokers last month.

Banks would now only sell standard insurance products issued by various insurance companies through their branches. Insurance products sold through banks would be standardised for features and commission structure.

15/05/2013

JUST DIAL has come out with IPO

Issue Period
20th May to 22nd May 2013
Price Band
Rs 470 to Rs 543 (10% discount to Retail Investors)
Bid Lot
25 Equity Shares & in multiple of 25 Equity Shares thereafter
Discount
10% Discount to Retail Investors
Issue Size
Rs 950.11 crore (approx.)

19/04/2013

Online EPF Transfer and Withdrawal from July 1, 2013 – Great News !

Starting July 1, 2013 , EPF account holders will be able to withdraw or transfer their EPF accounts from one employer to another employer online. EPFO has said that they are working on setting up a central clearance house which will be operational from July 1, 2013 .

Value investing
17/04/2013

Value investing

13/04/2013

Your interest Income on Small Savings Schemes has reduced a bit wef. April 1, 2013

13/04/2013

Your interest Income on Small Savings Schemes has reduced a bit wef. April 1, 2013

Revision of Interest rates on Small Savings Schemes
Scheme Interest Rates FY 2012-1 Interest Rates for FY 13-14

Savings Deposits 4.0% 4.0% Unchanged
1 Year Time Deposit 8.2% 8.2% Unchanged
2 Year Time Deposit 8.3% 8.2% Lowered by 0.10%
3 Year Time Deposit 8.4% 8.3% Lowered by 0.10%
5 Year Time Deposit 8.5% 8.4% Lowered by 0.10%
5 Year Recurring Deposit 8.4% 8.3% Lowered by 0.10%
5 Year Senior Citizen's Savings Scheme 9.3% 9.2% Lowered by
0.10%

5 Year Monthly Income Scheme 8.5% 8.4% Lowered by 0.10%

5 Year National Savings Certificate 8.6% 8.5% Lowered by 0.10%

10 year National Savings Certificate 8.9% 8.8%Lowered by 0.10%

Public Provident Fund 8.8% 8.7% Lowered by 0.10%

(Source: Finance Ministry)
As depicted in the table above, interest paid to you on balance in your savings account would remain unchanged along with that on a deposit made for the duration of 1 year. However, deposits with a maturity profile of 2 years and above would fetch you 0.10% lower returns in the coming fiscal. The new rates, however, wouldn’t be applicable with retrospective effect on time deposits

10/04/2013

VACANCY
Required male/female business development executives/telecallers in south delhi for financial products.Graduate/Undergraduate. Salary 6k-15k. Freshers/experienced welcome. Should have good communication skills. 9999869976, 011-64599945 [email protected]

04/04/2013

VACANCY
Required female telecallers in south delhi for financial products.Graduate/Undergraduate. Salary 6k-15k. Freshers/experienced welcome. Should have good communication skills. 9999869976, 011-4599945 [email protected]

Address

34, Corner Market, Millennium Business Center, Malviya Nagar
Delhi
110017

Opening Hours

Monday 9:30am - 8pm
Tuesday 9:30am - 8pm
Wednesday 9:30am - 8pm
Thursday 9:30am - 8pm
Friday 9:30am - 8pm
Saturday 9:30am - 8pm

Telephone

01164599945

Website

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