The democracy of India follows the following principle “For the people, of the people and by the people”. India is listed as one of the largest democratic countries in the world. The process of voting in elections represents the democracy. People have the right to choose the ruling person and assert their opinions. The voting not only serves the citizen the privilege to choose someone but also serves as a responsibility to cast their vote in any elections that are held in the constituency. But it has been seen that many of the citizens do not cast their vote due to which many people take the advantage of this and for this reason corruption takes place and many swindlers and imposters take the advantage of the voter’s ignorance.
Therefore, the Government of India has come up with an idea of proving separate identity cards to the voters since 1993, and since then Voter ID Cards has been issued to all the eligible citizens. Delhi, which is known to be the capital of India, conducts elections in accordance with the Indian Constitution. All the eligible candidates can apply for a new Voter ID Card online in Delhi. The Delhi has introduced an online portal called “Chief Electoral Officer Delhi”, which has minimized the complexity that was experienced while applying for the Voter ID Cards. This online portal has also included many special features like making corrections and changing the address on the ID Cards of Delhi.
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PAN (Permanent Account Number) number is a unique 10 – digit alpha numeric number which is allotted to every individual who applies for it. And the card which contains this unique number and identity details is called the PAN card. And this card helps identifying various taxpayers in the country. Once a PAN card is issued to an individual is valid for their lifetime as PAN remains unaltered even if you change your place of residence. The primary purpose of a PAN card is to have a universal identification to all financial transaction and to prevent tax evasion which also brings the transparency in the financial transactions. A PAN card is a must have document for anyone who intend to enter into economic and financial transaction. It is also mandatory to furnish income tax return. It is extremely is to apply for a PAN card, as the application for it can be made from the comfort of your home i.e. online through its official website. All you have to do is to procure Form 49 A and fill it properly, attach the required documents and submit it. How to check the PAN card status? Once applied, it takes 15 days for an individual to receive their PAN card. If an applicant wants they can also check the status of their application. The government provides three methods through which you can check the status of your application, all you need is an acknowledgement number which an applicant must have received at the time of applying for a PAN card.
SIP CALCULATOR SIP refers to Systematic Investment Plan. They are provided by a mutual fund to the investors. It can be seen an investment vehicle that allows investors to invest in mutual funds periodically rather than lump sum. Under such a plan money is automatically debited from the investor's bank account and invested in mutual fund scheme. Investment period can either be monthly or weekly or quarterly. It is both smart and efficient and thus encourages people to save and build wealth for their future and the nation. SIP calculators can be used to calculate the periodic investment to be done.
UNDERSTANDING THE PLAN Under this plan, a fixed sum of money is required to be invested after every interval. The best thing about this plan is that you can select the duration of the investment. It is flexible and can be fixed by the investor ( which is usually monthly, weekly or quarterly. Investment period can be chosen on the basis of the convenience of the person. However, monthly investment is suggested under this plan because it ensures that one has invested money even in between market fluctuations. After selecting the time duration, money will be automatically debited from your account and invested in a specific mutual fund scheme. The investor will be provided with units depending on the market called Net Asset Value (NAV) for the day. ADVANTAGES OF SIP Some of the advantages of Systematic Investment Plan are:
WHAT ARE SIP CALCULATORS SIP is next level of online tool that has helped in boosting up the process of online investment. SIP calculator has been introduced to ease up the process of investing. It calculates what amount to be invested and when next to be invested. It also calculates the compound interest and the expected returns on large-cap funds, small cap funds, tax-saving funds etc. This tool is easily available online. Some of the benefits of an AIP calculator are: It is user-friendly and can be used by anyone, anytime. This tool is very useful For newcomers in the field of investments. Earlier people who were not from the finance background had to first understand the formula and then calculate the amount to be invested and the returns to be expected. With the introduction of the SIP calculator, this entire process has become a two-minute process. Another important benefit of the SIP calculator is that it provides accurate results. This feature is important not only because it gives away with the possibility of any mistakes that arise when calculations are done manually but it also eradicates any possibility of corruption and forgery. HOW TO USE THE SIP CALCULATORS The SIP calculator involves a three-step process whereby an investor is required to input their details in three steps to results on their returns, amount to be invested etc. These three steps are mentioned below in details: Step 1: In the first step the client is required to fill in the amount that he or she is comfortable investing every month. The income slab of every individual is different. Thus a person should put in only that amount in which he or she is absolutely comfortable. Step 2: In this step, the SIP calculator will ask for the duration of the investment. Usually, such investment involves weekly, monthly or quarterly investments on the part of the investors. This question asked so to make the client decide how long they would like to invest. Step 3: In this final step the investor can adjust their returns form their investment. They can select any rate of returns which they want to earn from their investment. Thus with the help of above three steps you can derive the accurate calculations which in turn will help in judging the returns. SIP calculators have not only allows investers to be independent but also helps them to take decisions wisely without any interventions.
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Rahul BhistFirst blog by the Bhist Archives
February 2018
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