Banking technology has gone a step ahead. Don’t worry if you need to make an online money transfer to a person who doesn’t have a bank account. ICICI Bank’s new ‘Cardless Cash Withdrawal’ system, makes it possible for you to send money to anyone. Transfer money to their mobile number!

An account holder can initiate a money transfer online by divulging only the mobile number and address of the beneficiary. A 6-digit code is sent to the beneficiary’s mobile number, who can then go to any of the ICICI Bank’s ATMs to withdraw money. The catch though is that the beneficiary has to withdraw the money within 2 days.

Though only ICICI Bank has started this innovative payment system, one can expect all the scheduled banks to start offering this service soon. These fund transfer mechanisms will go a long way in our country where bank account penetration is still low.

You can read the full report here: http://articles.economictimes.indiatimes.com/2014-09-10/news/53770263_1_icici-bank-bank-account-cardless-cash-withdraw

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Are you looking to start investing your money in Mutual Funds, so that you can generate some profits; but you have no idea how to go about it? Then you have stumbled upon the prefect blog, by the way!

How to invest in mutual funds in India is an often asked question. Majorly everyone browse it online, to understand more about Mutual Funds. First and foremost thing you can do before investing in Mutual Funds is start understanding it. You can Start by looking up what mutual funds actually are. Mutual funds can be defined as trust that combines the savings of a number of investors who share a common financial goal. And anybody, even somebody with only a few hundred rupees to invest, can be a part of this. This collection is then invested by the fund manager in several different types and combination of securities, including shares, debentures and money market instruments.

Investment in mutual funds in India can be said to be an important part of anybody’s investment portfolio. This is because, market returns have the potential to perform way better as compared to assured return products, in the long term.

How to Choose best Mutual Fund in India: Their are so many Mutual Funds in market and you may like to invest your hard earned money into those funds who will going to perform well in longer run for descent returns. You should choose the fund based on their performance ranking, scheme asset size, fund manager tenure and experience, total expenses ratio and ratio analysis. But to make it easier you can also contact investment service provider company, who have their own research agency for helping you to select best funds for you, based on market condition.

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As children, we confidently explore the world around us. We are inquisitive, curious and have an unquenchable thirst for knowledge and experience. However, as we grow older, we begin to discover our personal limitations because as a child we tried a few things but could not succeed.

It’s like the story of the baby elephant that has a rope tied around his leg. Initially, the baby elephant tries to break free from it, but eventually he gives up and accepts that he cannot move beyond the range of the rope. Years later, when the elephant has grown into a two tonne adult that could easily break the rope, he doesn’t even try because he still holds the belief that he cannot break free.

Like the elephant, we often accept our limitations that we developed as children. We carry these beliefs with us for so long that we forget to challenge them in the light of the new strengths and capabilities we have developed as we grow in life.

Relying on our physical and mental strength, we should challenge the limiting beliefs and accept new goals and targets. Only then we can expect quantum jump in our career.

Napoleon Bonaparte once said: “Have you ever seen animal entering into the mouth of a sleeping lion?”

Success comes when we learn to challenge ourselves. Let us devote time to educate and show our children to challenge the mental limits of their brain. Today parents seem to be just financing the education of their children but not sacrificing their time to inculcate higher goal in life. Give them taller ambitions remarks Dr. Abdul Kalam (Former President of India).

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One of the most important thing in our lives is our family. Its our duty to protect them.To know how Financial security is required you must know your Human life value(HLV).

Your human Life value is 10-12 times of your spendings. So if you are the only earning member of your family with monthly income Rs. 50000 and monthly expenditure of Rs. 35,000. Then your HLV will come around Rs. 42-50 lacs. You can calculate your HLV here: http://bit.ly/1sYU5I7

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We all invest but we do not know when is the best time to start saving.
The below example is for Start Early and Save more.

Mohan started investing Rs. 5,000 per month at age of 30

and  Sohan started investing Rs. 5,000 per month at age of 40.

Mohan gets a Rs. 75 Lacs more than Sohan.

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