Did you know about more than 100 rewards for going cashless!
Here at #mymoneystreets I am committed to bring to you best way of utilising your money. This post is an dedication to demonitization.
Amazon – Offering 15% off on buying Amazon cards as well as other products. Use code -CASHLESS
JABONG – 25% OFF on payment through debit card/ credit cards on purchase over 999
MYNTRA – 25% off on purchase over 1299 on payment by debit card/ credit cards
Snapdeal – Offering 10% instant discount on all card transaction. They have come up with other deals as
Taruni.in
offering 5% discount on all purchase. CODE – CASHLS
Jazzmyride – online shop for crazy car accesories offers extra 5% off
Krafts kart – discount of 80% on imitation earrings
Dealstantra – offers 15% off upto Rs. 300
Government initiative to boost cashless payments
Times cards – (debit/credit) Offering upto 30% off on movies, dining, travel, shopping etc
SBI card Elite offering discounts and benefits at Shoppers Stop, WestSide, M&S
Electronic special
Retail
Reliance Fresh – Offering discount on cashless payments
Asmi diamond jewellery – announced 10% additional off on digital payments
Hilite Mall @Kalikut offering 10% discount
Tommy Hilfiger – Offered discounts
Benetton – offered discounts
Marks&Spencer’s – Offering additional cashback of 10%
Pepe offering 5% discount on cashless
PUMA – Accepting cheque payments from loyal customers
BIG Bazaar – CASHLESS transaction rewarded with 5% additional discount
Ocean Fruit Water – Paytm cash Rs. 20/-
Admyrin – An online shop for women offering 10% extra #cashback
Pharmacy
Pharmeasy offers 20% off on all medicines
Oxysquare – a platform for doctors, offer 50% discount ondoctor consultation fee
Apollo pharmacy – FMCG – 5% pharma 10% appollo products 15% discount using IDFC cards
Netmeds – Free medicine delivery and 20% off
Theshopofgoodtaste.com offering Rs.250 off on orders above 1500 and Rs.500 off on orders above 2500
Didz app offering discounts on restaurant and pub deals
Mealskart offering discounts and cashback
Dineout card offering cash back of 20%
Gourmet Delight – shop for farmfresh produce, cheese etc offer 10% discount on cashless transactions
Niche cafe bars – Flat 25% off
Veggie 24*7 – 10% discount
Crownit – get extra 20% discount when you pay with crownit
Swiggy – online food aggregator offering Rs. 75 off on first bill above Rs. 1500.
Nature’s Basket – Rs.55 cashback on #rechargeadda
McDonald’s offering frozen coke on cashless transactionsp
Hyderabad restaurant “Chutney’s” offered 25% discount to customers who paid Rs. 100 notes
Maruti Suzuki RItz – cash discount of 35,000 and exchange
Hyundai EON offering 0 down payment
Hyundai i10 offering 0 down payment offer till30th Nov
Mahindra SUV Rs.101 down payment for Newgen Scorpio,KUV 100, NEW AGE XUV 500, Bolero, TUV300 offer till 30th Nov
HONDA Cars- zero down payment till 31st Dec
HERO Scooters – Available on Rs. 5000 downpayment. HDFC bank also offering 100% finance
OLA letting customers pay through credit card/debit card
CINEPOLIS – Offering 30 % discount on online ticketing
SNAPMINT – A digital lending market place for education, shopping, personal loan, tied up with Edify Furniture and Vijay sales for interest free EMI
QuikrHomes – launched cashless managed rentals
Option pass – Free shopping pass for good, grocery, clothing, flights, hotels at offering upto 25% additional savings
Multiplexes waived parking fee initially
Timesavez offering 15% discount on cleaning services
Air-travel
Makemytrip offering flat Rs. 800 discount on flight bookings
Jetairways –offered all inclusive fair of Rs.999 for your days till 19th Nov.
These offers won’t last forever, so hurryup and make most of this #cashless #fest
Money goes digital – how do I do online transactions
It wasn’t any different day for Rajiv, he woke up, looked at his mobile, checked the news app, freshenup, got ready and booked an UBER cab, today he had got Paytm offer, so paid by it. He got down right at the office door, he found many people gathered in groups discussing #demonitisation. Though he wanted to share his views too, but he was running late and wanted to have breakfast at office cafeteria, he had a full plate chole nature and paid by his preloaded card and entered his desk. His work was going smooth with occasional interruption with the demonitisation of currency, suddenly a reminder popped up! it was his fiance’s birthday and he had forgotten it. An idea struck his mind, he checked and found an online offer on cake and bouqet, he paid through credit card and ensured a delivery to her office within 1 hour making it a real big surprise for bday!
Women! Be financially aware, even if you are non-earning member
Don’t evade tax, save tax! there is nothing like a relaxed mind and happy soul!
As law abiding taxpayers of India, we can take some learnings from the situation and do some introspection. You may say, I am paying taxes on salary, goods as well as services, then what kind of introspection we need to do?
We create the blackmoney pool with our hard earned taxed money
1. To avoid paying high amounts of taxes on gold jewellery purchase, often encourage cash transaction paving a way to make the whole white money into black by the jeweller
2. To stay away from high fee and taxes we partner with real estate developers to transact in part cash
So, basically our fear of paying taxes create the option for creation of black money.
Apart from avoiding these transactions in future, we should take Tax saving instruments
seriously to get higher, less taxed or complete tax free returns. Apart from the 80c instrument, there are many investment instruments which are tax efficient.
- Debt Funds – More efficient for the hiher tax bracket segment
- Equity – Return on equity shares as well as mutual funds investments n long term (more than 1 year) period is cmpletely tax exempted, whatever the amount is.
- Dividend on equity, equity mutual funds are tax free in the hands of the investors
- D-mat Gold – Handling cost, making charges are nil, making it much efficient investment compared to the physical gold. So, it is advisable to go for gold ETFs, or the sovereign gold funds
Be a smart investor, stay clutter free, there is nothing like a relaxed mind and happy soul!
The 17 special and secured features of the new Rs. 2000 note
What to do with your Rs. 500, and Rs. 1000 notes
6. If you are unable to visit bank, you can send your representative with authorisation letter and his/her valid if prof
10 reasons Why we are obsessed about ELSS mutual funds
Instrument
|
Maximum investment amount
|
Lock-in
|
Potential return
|
Actual tax benefits
|
#PPF
|
Rs. 1,50,000
|
15 years.
|
8-9% per annum, compound interest
|
Triple exemption benefit
|
Sukanya Samrudhi Yojana
|
Rs. 1,50,000
|
Only for daughters, the lock in depends on the daughters age
|
8-9%, compound interest
|
Triple exemption benefit
|
NSC
|
Rs. 1,50,000
|
5 years
|
8-9% per annum, compound interest
|
Returns are taxed as per laws
|
#Tax saver Deposits
|
Rs. 1,50,000
|
5 years
|
7-9% per annum, compound interest
|
Returns are taxed as per laws
|
#ULIP
|
Rs. 1,50,000
|
10 years onwards.
|
As per equity market movement. After deducting various charges
|
Triple exemption benefit
|
#ELSS mutual funds
|
Rs. 1,50,000
|
3 years
|
As per equity market movement.
|
Triple exemption benefit
|
#RGESS
|
Rs. 50,000
|
3 years
|
As per equity market movement.
|
50% tax relief on returns
|
initial investment
|
3 YEARS
|
5 YEARS
|
7 YEARS
|
10 YEARS
|
|
PPF
|
1,00,000
|
130864
|
156568
|
187320
|
245135
|
NSC
|
1,00,000
|
127023
|
148984
|
174742
|
221964
|
ELSS
|
1,00,000
|
156394
|
210718
|
283911
|
444021
|
Scheme name
|
1 year
|
2years
|
3 years
|
5 years
|
ICICI Pru RIGHT Fund (G)
|
10.9
|
7.2
|
24.4
|
21.2
|
Axis Long Term Equity Fund (G)
|
8.8
|
9.2
|
26.5
|
21.0
|
Reliance Tax Saver (ELSS) (G)
|
13.9
|
6.2
|
29.9
|
20.4
|
DSP-BRTax Saver Fund (G)
|
20.1
|
12.7
|
25.5
|
19.7
|
Birla Sun Life Tax Plan (G)
|
12.6
|
12.3
|
24.5
|
18.1
|
Is it Indian PSU banks, who will bleed the streets? Just a thought!
#Stock market fall is an effect and not a cause! What happens when there is too much of excitement and attention to one sector/industry/company/ business idea? everybody starts appreciating, following, taking extra effort to get into the scheme of things etc.. untill there is a there is a peak and BOOM! And a sharp slope slides down n BUST! and a parallel line leveling the fields and world moves on towards a new exciting subject. In financial market or the larger context of economy, it is extremely evident.
Strangely we all keep looking back at history all the time, yet fail to gauge the impending risks. Time and again it repeats itself, we all educated investors close our eyes and follow whatever the markets leads us to.
In the world history of economic crisis, since 13th century, 2/3rd of the crisis started at bank failures or debt crisis, barring a few which were due to trade deficits, industrial revolutions and a few wars. The amazing fact remains that though there were so many debt driven crisis in last 8 centuries, we just don’t stop repeating ourselves.
Yes we do try. By creating central banks, but, sovereign debts fail too. We have credit rating agencies, then happens the SUBPRIME CRISIS.
Then come more regulations, more tightening by the central banks! Banks seem to become victims of these regulations and the business targets and margins as well. Then the greed takes over bankers race to aggresive lending to stretch the balance sheets.
The recent developments in the Indian Banking sector is alarming, a little better than what it was two years back though. Two important parameters of performance is leaving the especially the PSU banks high and dry! would they survive?
1. The Basel III norms – a very difficult set of guidelines set by the central bank on capital adequacy to brace for crisis, is an extreme stressful for banks. Banks of India have been issuing the Perpetual Bonds to meet tier I capitalas per Basel norms. coupon rrates of few bonds have been as high as 11%. With no maturity dates ateacher on thad a bones, could easily become a excess burden of interest payout as interest rate continues to fall.
2. Greed of bankers to inflate the balance sheets – Mounting NPAs caused by disbursing loans to less credit worthy entities is showing signs of failures, unending restructure and failure to get adequate risk cover through collateral.
Thanks to the watchdogs of Indian financial sector, it may not just do a Boom n bust and averted a crisis just in time! but an area to trade carefully. just a thought!