How to opt out of the HDFC Bank Preferred Banking Programme

HDFC bank uses underhand tactics which are unethical, to boost its revenue and to extract money from its account holders.

  1. Search –  Welcome to HDFC Bank Preferred Banking Programme! in ur email
  2. open that email
  3. Opt out of that program
  4. write an email to and to ur RM and to ur bank manager.

u can also write a letter in duplicate and get a stamped copy if they dont comply .




Infocus M2 vs Moto E2 vs Redmi 2 vs Lenovo A 6000 vs Yu Yureka

Infocus M2 specifications  Rs 4999 (limited offer snapdeal)

Moto E2 specifications               Rs 6999 on flipkart

 Lenovo A6000 specifications   Rs 6999 on flipkart

Redmi 2 8gb specifications        Rs 6999 on flipkart 

Yu specifications                         Rs 8999 on

  • All these phones are Chinese Built and use good quality components
  • Specs and purchasability including screen size, Ram, processor etc generally improve as you go down the order. You could choose between yu and redmi2 16gb whenever it comes out
  • Infocus has the best selfi cam as it has a 8mp front cam with led and is built by the pc component maker foxconn.
  • Moto E2 is a Motorolla phone now owned by Chinese Pc maker Lenovo which also makes A6000.
  • Moto is a pure Android phone s0 you could get the fastest updates.
  • Lenovo A6000
  • Redmi2 also called Xiaomi Hongmi 2  is from xiaomi amongst the fastest growing Chinese Phone cos.
  • Yu is a venture by  Micromax owners
  • Yu has the best hardware on paper including camera, on the android platform using cyanogen mod it may have heat issues while gaming.

Public Provident Fund Faqs

PPF is popular form of long term investment which is a deductible U/s 80 C or old Sec 88.

Account opening Rules

  • You can open only one single PPF a/c in your name in a bank or post office. 
  • NRIs and HUFs cannot open accounts, They can continue older accounts till maturity.
  •  You cannot hold it jointly.
  • You can open an account in a minors name as guardian.

Nomination rules 

  • Nomination is a must.
  • Nominate using form E.
  • Change who u Nominate using form F.
  • Banks will demand a Succession certificate if you have substantial funds say above 1 lakh and have no nominee. Claims to be made using Form G.

Interest Rules

  • Interest and Capital invested in PPF is tax free . Fund invested shall not be liable to attachment under any decree or order of any court in respect
  • Interest rates are reviewed  yearly and are calculated on prospective basis.
  • If you break some rules you will only get ur capital back without interest.

Loan rules

  • Loan facility available from 3rd financial year upto 5th financial year. The rate of interest charged on loan taken by the subscriber of a PPF account on or after 01.12.2011 shall be 2% p.a. However, the rate of interest of 1% p.a. shall continue to be charged on the loans already taken or taken up to 30.11.2011.

Tenure , 

  • A PPF Year is a financial yr ie April 1 to March 31… Rule 2.(e) PPF Act 1968.
  • PPF is a 16 yr commitment ie financial yr of investment is year 0. Calculation of period is not based on the date of opening but FY of opening .
  • Say the account was opened in the financial year 1990-1991 (the financial year is from April 1 to March 31). The scheme will mature on April 1, 2006 (1991 + 15 years).

 Continuation or Closure post maturity period of 15 years ? 

  • After the 15 years is over, you can either continue or close the account.
  • If one closes the account using form C, the proceeds are Tax free.

Continuation With Further Subscription post maturity/ extended period.

  • Continue for a block of 5 yrs using Form H, within one year from the end of the maturity period, otherwise option without subscription will be applied automatically.
  • An investor, continuing his account with fresh subscriptions, can withdraw up to 60% of the balance to his credit at the commencement of each extended period in one or more installment, but only one per year.(Notification F.7/2/97-NS IIdt. 9.2.1998)
  • For example, say the term of your PPF account is ending on March 31, 2012. The balance at that time in the account is say Rs 10 lakh. You can only withdraw Rs 6 lakh ( 60% of the balance standing to your credit on March 31, 2012) till March 2017.

Continuation Without Further Subscription

  • If you wish to continue without investing after 1+15 or 1+20 …yrs. and dont submit form C/H  and don’t invest in that account.  The  option is automatic.
  • In case the account is extended without contribution, any amount can be withdrawn without restrictions. However, only one withdrawal is allowed per year. The balance will continue to earn interest till it is completely withdrawn.(Clarification 7 to Clause 9(3A) of the PPF Scheme, 1968)
  • The subscriber cannot change over to with-contributions extension. [Notification F.3(6)-PD/86 dt 20.8.86].

Sec 80 C Options At a Glance – Fixed Income

Fixed Income Tax savings options under Sec 80C for all

For table 1 pf postal investments the rates are for current yr and next yr as there is downward revision

For 5 Yr Tax savings  Fds from banks the first rate is regular and second is senior citizen rate

RATE % 9.3 / 9.2 8.8 / 8.7 8.6 / 8.5 8.5
TENURE (Yrs) 5 15+ 5… 5 5
MAX LIMIT Rs 1500000 100000 NO LIMIT 4.5 / 9 L
RATE % 9 / 9.75 8.75 / 9.5 8.75/ 9 9 / 9.5
RATE % 9.25 / 9.85 9

Quad Core Budget Smartphones Xolo Q800 vs Canvas HD A116 vs Titanium S5 vs Wammy Titan 2 vs Wammy Passion

The new bunch of Budget Quad Core mobiles are finally out and this is how things stack before the post budget tax increases kick in..

The war is between :-

Micromax Canvas HD A116 vs Lava Xolo Q800  vs Karbonn Titanium S5 vs Wammy Titan 2 vs Wammy Passion y

Though the Specs are similar on paper, Wammy passion is the overall leader on the specs front , the Titanium S5  leads with a wallet friendly pricing and would be the most desirable if they get their act together at the software end.

Comparison of the Specifications  here .

Micromax A116 Canvas HD Review

WickedLeak Wammy Passion Review

Micromax Canvas HD A116 second batch delivery s are delayed due to issues and post budget prices will go up to Rs 14,499 …

Lava Xolo Q800 sells on Flipkart at  Rs. 12499

Karbonn Titanium S5 sells on Snapdeal at Rs 11990

WickedLeak Wammys  Titan 2 , Wammy Passion sell at Rs 13990 and 15499

India Budget 2013 What matters most!

P Chidambaram budget speech is  known to induce dreams and elevate people to a euphoric state of mind but the fine print in the draft is known to always have a googly and take back more than what he has given…

This budget is insipid and worse it is subtly populist mainly to avoid a ratings downgrade and there is a big risk that the govt will bring in the populist measures like Food security act on the sly once it makes up its mind on going for elections. The budget does not seriously address concerns regarding pathetic growth and stagflation or the twin deficits that the Indian economy currently suffers from. The numbers are also suspect. Read MB , Read BDRead LM

The govt has already taxed us with High INFLATION which is well above 10.0% and Huge increase in Money Supply, both of which have increased price of gold and housing by 4 to 5 times during the current MMS /Sonia Congress/ UPA 1 &2 govt tenure.

This Budget has given a raw deal to the local Investor class. Equity IPOs , Government IPOs FPOs etc have given a huge negative returns . Equity & Debt  Mutual funds and fixed deposits have given negative returns post inflation in 5 yr period.


INDIVIDUALS: Upto 2,00,000 – Nil

INDIVIDUAL RESIDENTS 60 TO 80 Yrs: Upto 2,50,000 – Nil

INDIVIDUAL RESIDENTS 80 Yrs +: Upto 500,000 – Nil


I. Upto 5,00,0000  {10% of the amount exceeding Tax free Income}

II. Upto 10,00,000 –  {I + 20% of the amount over 500000}

III. Above 10,00,000 –  {I + II + 30% of the amount over 1000000}

Tax Credit of Rs 2000 for income upto Rs 500000

Surcharge of 10% on persons with income of over Rs one crore

Dividend Distribution Tax: Surcharge on Dividend Distribution Tax has gone up from 5% to 10%. This has an implication on those is the dividend mode in Debt MF schemes. They will not pay 14.16%, instead of 13.52%. Not much of an implication, though the net dividend would now be lower now.

Securities Transaction Tax The STT on MF/ETF done with the fund houses has been reduced from 0.25% to 0.001%. Similarly the STT on MF/ETF transaction done on the exchange, only the seller will need to pay STT of 0.001%. Again, from an individual investor view point, this may not be very significant as the percentages before and after as both low.

Commodities transaction tax on non-agriculture commodities futures contracts at the same rate as equity futures that is 0.01 per cent of the price of the trade

Investment and Deductions

  • First-time home loans up to Rs.25 lakhs  get extra Rs.1 lakh interest deduction (if not exhausted, the balance limit can be claimed next year)
  • Inflation-indexed Bonds and National Security Certificate to be introduced
  • Investment in RGESS need not be done in 1 year alone but can be done in 3 successive years. Income limit under RGESS raised from Rs.10 lakhs to Rs.12 lakhs
  • Surcharge on Dividend Distribution Tax increased from 5% to 10%. So it may be prudent to consider taking the returns in the form of capital gains if it works out better depending on one’s tax bracket
  • Reduction in STT on equity and MFs
  • Passengers will be allowed to bring in duty free gold jewellery of up to Rs 50,000 in case of men and Rs 1,00,000 in case of women.


What goes up
Cigarettes, Cigars, Cheroots, High-end mobile phones,Imported luxury cars, High-end motor vehicles, Sports Utility Vehicles,Imported yatch and motorboats, Marbles for flooring, Set-top boxes, Dining in air conditioned restaurants, Silk clothes, Homes and flats, Parking fees.

What goes Down
Jewellery, Precious stones, Cotton garments,Branded apparels, Carpets, Textile floor, Agricultural testing procedures, Imported hazel nuts, Dehulled oat grain, Truck chasis, Sabudana, Ships and vessels, Cinema and films, Machinery for manufacturing of leather goods


  • Investment Allowance of 15% for investment in plant & machinery exceeding Rs.100 crore will boost capital expenditure
  • Surcharge increased from 5% to 10% for companies with Rs.10 crore or more taxable income
  • Amnesty Scheme for Service Tax defaulters
  • No change in the peak rate of basic customs duty on non-agriculture products and rates of excise duty and service tax of 12 per cent.

 Inputs from Moneycontrol and ET

Fridge Testing Fault finding and Basic Repairs

Tired of inexperienced repairmen , i did some investigating , here is what i can share:-

When you switch the fridge off always give it at least 15 minutes rest before you turn it on again.

Problem : U left the door open for a while: Now it is not cooling properly.

Humidity has turned to ice and has blocked the cooling system.

Solution Let ur fridge thaw …ie switch it Off and keep the doors open for a day or two and then switch it On again . Be prepared to remove excess water from the back of the fridge ie in the tray above or besides the compressor or the black oval thinge.

Check out

Problem : Freezer Frozen Solid , Noisy obstructed fan, Frost free fridge not defrosting

1. Fan : Check if it is working or not. If  blocked check 2 and 3.

2. Bimetallic Thermostat: Good if continuity is YES when cold and NO when room temperature  : Bad otherwise or  if puffy or if not good

3. Heating Coil or heater : Bad if Continuity is broken or if MM reads 1
: Good if Continuity is ok or if MultiMeter reads 0.

Generally a bad  thermal fuse with no Continuity could be a sign of bad heating coil, or bad circuit or defrost timer.

If both are ok Problem is more serious and could be the Circuit, Timer or Temperature sensors.

Disconnect 2 and 3 from circuit for 6 to 8 hrs and chk out cooling and frost buildup to isolate whether problem is in 4 or 5.

4. Temperature sensor / Thermistor: 

Generally there are thermistors in both sections freezer and fridge.

  • Fridge /Freezer section too warm or too cold
  • Refrigerator runs too long or short.

Faultfinding : Resistance in a thermistor  increases as temp drops and vice versa. At room temperature 68°F.,the sensor should read approximately 6.1K Ohms. With the thermistor submerged is a glass full of ice water, the sensor should be very close to 32°F which should read approximately 16.3K Ohms

5. Circuit or Mechanical Defrost timer

The circuit board is damaged or the mechanical timer is  stuck .

For mech defrost timers  watch :-

How the Fridge cooling System works 

Liquid refrigerant (Freon/ R134a) entering the evaporator begins to boil into a gas because of the sudden drop in pressure created by the compressor. This change of state absorbs heat. The temperature inside the evaporator coil may be -20 degrees F. This will condense and freeze moisture in the air in contact with the coil (which is why we have to defrost). If there is freon boiling inside the evaporator this frosting will occur within minutes. So if we run the unit with the cover off the evaporator and no frost forms we can know that there really is no freon or the the system is clogged. If the unit runs for several minutes with the door closed and the freon charge is correct, the frosting should form all along the length of the evaporator.

If the cooling system is good in a top freezer fridge , when the compressor has run for some time and is still running :-

  1. The compressor and the  line connecting to it should be very hot.
  2. Touch the radiation coil,  should be cooler on one side and hotter on the other or hotter at the top getting cooler as it goes down.
  3. You can feel the filter dryer and the thin capillary tube connected to it  and you will feel liquid is passing through it …
  4. The fridge should sound like a blizzard if you put your ear to it.
  5. Switch it off and you should get gurgling sound as the fridge balances itself out.

Major Problem : Fridge doesn’t cool properly

1. Could be a choke or a leak  in the cooling system,

2. Could be a  clogged filter dryer or  capillary tube, or worse in the radiator or co

3. Could be a gas leak  or low on gas because of age or leakage ..

The fridge has to be regfilled with R134a

Major Problem : Fridge does not start !

Check the relay

Check  the  compressor

Check the Cooling system, for problem with the defrost Circuit board or mechanical defrost timer.

Service and parts guy in Mumbai,

Lamington Road

Devi Sales at Dadar  in Mumbai keep parts and service all fridges and A/Cs.

Supra Service Helpline No: 9821516165, 9167761722, 28670125

Check out

If ur a techie try reading The Fridgeman Blog .

Buying a Gas Geyser

Gas Geysers are environmentally and pocket friendly, and as electricity costs soar most people are switching to them.

Pic: Venus Gas Geysers

My Recos :

Buy a gas geyser from a reliable manufacturer with

  1. A 6 or 6.5 litre minimum one if you plan to connect a shower to it,
  2. Something suitable for low and high pressure,
  3. two burner setting to save energy,
  4. oxygen depletion monitor,
  5. 20 minute timer and flame failure protection,
  6. Good quality Heavy Copper Heat Exchanger for Long Life.

Check for Thermal Efficiency and of the heat exchanger  …85 % is optimum.


As one is dealing with gas , get it installed correctly and get the copper piping checked regularly. Keep the cylinder outside the bathroom and give it a proper exaust vide flue vent/pipe so that waste gas including carbon dioxide and monoxide does not kill you over the short or long term.

Market Products you should check out

1. Racold Products

2. Surya 

3. Nipco Delux 

4. Suraksha

5. Indo Plus 6.5

6. Venus 

7. AOSmith

The Vadra-DLF Tagle

RTI / IAC activist and  Ramon Magsaysay Award winner, Ex IRS turned politician Arvind Kejriwal… has exposed the tangle between DLF and Robert Vadra in his recent expose.

Simple question here is why did DLF a company neck deep in debt having a debt: equity ratio of close to 1:1, doing a fire sale of assets to reduce debt on its highly leveraged balance sheet give Vadra interest free debt be it a loan or an advance?

Direct Involvement:

1. DLF  2. Robert Vadra, the fastest Indian billionaire in recent times with an estimated net worth of a staggering $2.1 Billion, husband of Priyanka Vadra , daughter of Sonia Gandhi and a member of the Nehru-Gandhi family by marriage.

Robert Shares the directorship with his mother Maureen,  others in his family died either by accident or by suicide. Strangely.. his wife Priyanka Vadra has no stake in his companies , which if not sexist is nothing but ring-fencing the brahmastra of Congress.

Indirect Involvement (Nepotism angle)(Crony Capitalism angle):

1. IndiRan National Congress, State and Central Govts and their govt machinery. 2. PSU Banks that provided Loans to DLF and Vadra. 3. Sonia Gandhi and Priyanka Vadra.

Read Hindu: Attack on Vadra is attack on party: Congress

Now Robert Vadra is no ordinary man or aam admi as he first claimed, and being the son in law of the first family of Indian politics has loads of perks. He is a special person or khass admi, as he is exempted from airport security checks , a privilege reserved for President, Vice President, Prime Minister, former presidents, former vice-presidents, Speaker of the Lok Sabha, Chief Justice of India etc … Read this

The SPG Act is a draconian law passed by Indira Gandhi and he is a Special Case as per Mr P Chidambaram in a reply to an RTI Query by a team member of  Avnish Singhs RTI Anonymous.

This news is not new, it was a tad bit stale… but no media house or political party risked itself or its sweat heart deals or its fortunes by exposing the nepotism in the system fearing loss of business, exposure of skeletons in cupboard, the full force of govt machinery DRI CBI etc.. you get the drift!

Robert Vadra posted a message on his Facebook account which read: “Mango people in banana republic.” before closing it.

Read about the Real Estate Bubble and PSU Banks

Value Research: The Realty Bubble 

Vox : Housing bubbles and interest rates

DNA/ Ajit Dayal Are the banks keeping property prices up?

PKDEY: PSU bank loans to realty cos up

Moneylife/Sucheta D: Public sector banks – Loans turning bad

Read about the DLF Vadra Nexus. 

Moneylife/Sucheta D: Kejriwal asks for white paper, SIT probe into Haryana government, DLF and Robert Vadra nexus

FP  Politicians and real estate: Why are we missing the big picture?

Look closely at all the Robert Vadras of Indian politics

Kejriwal breaks ‘Omerta Code’ on DLF-Vadra ‘sweetheart deal’

Plot thickens: Vadra, DLF, and a ‘smoking gun’ of sorts…

Haryana govt is DLF’s agent: Kejriwal’s 5 big allegations

DLF borrows money at 12.38%; lends free to Vadra

Auditors too think DLF and Vadra may have lied about the ‘advance’

 Of course, Robert Vadra is right! We are a ‘banana republic’

BS Vadra: ‘A little help from my friends’