XIRR - What is XIRR and how to calculate it?

Many of us invest in mutual funds or similar financial schemes in installments (e.g. using SIPs) and want to evaluate the performance of our investments. For example, we want to know our overall rate of return so as to compare it to with other possibilities. The standard mechanism in such cases is to calculate either IRR or XIRR.

IRR means 'Internal rate of return' and XIRR means 'Internal rate ...

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Know your Income tax jurisdiction (Ward/Circle)

While filling income tax return on IncomeTaxIndiaEfiling, one needs to fill 'Income Tax Ward/Circle'. It is also called 'your income tax jurisdiction'. Sometimes it is also required to meet or write a letter/email to income tax jurisdictional Assessing Officer (A.O.) - e.g., if you have received a notice on your past year income ...

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Sharekhan Demat and Trading Account closure

I had both the eTrading and demat account with Sharekhan and had closed both of them recently, so sharing the process here.

  1. Make sure that you have paid the annual maintenance charges / Demat account charges for the current year. Whether you have done any transactions or not, you have to pay the demat account charges.
    After ensuring the above, make your Sharekhan account balance zero.

  2. Go ...

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Other Bank ATM - INSUF BAL ATM DECLINE CHARGE

While withdrawing from other bank ATM, if you try to withdraw more money than available in your account, you will get a 'Insufficient balance: transaction declined' message on ATM. In such case, you will see a deduction in your bank account titled 'INSUF BAL ATM DECLINE CHARGE'. That is, they will charge you a fee ranging from Rs 10 to Rs 30 for this.

The exact charge is different depending on ...

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Inoperative EPF accounts will now earn interest - Notification issued on Nov. 11, 2016

Here is a good news! Now inoperative/inactive EPF accounts will also get interest. That means now you can keep your money parked in EPF and keep earning the interest even when you are no more working (as a salaried employee). In a notification issued on November 11, govt. has declared that interest (which currently is 8.8%) will be computed and paid from 1 April, 2016.

Inoperative PF accounts are...

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What is Region Code, Office Code and Est Code in PF number

Every PF Account number consist of 5 parts namely - Region code , Office Code, Establishment Code, Extension Number and the account number. Many times we get confused on which code to fill in which block. The fact that EPFO has changed the region codes and introduced new office codes makes things more complicated.

Here are some details to understand your PF number format better-

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Common Man Experiences - Discontinuation of Rs 500 and Rs 1000 notes

Prime Minister Modi has struck a real blow to black money by declaring the discontinuation of Rs 500 and Rs 1000 notes. The real challenge now lies in smooth turn over to new notes without impacting the day-to-day life and livelihood of crores of indian citizens.

Here are some experiences of common men/women in india:

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Details on How to Exchange or Deposit old Rs 500 and Rs 1000 notes

On Nov 8, 2016 night, prime minister Modi sprung a surprise by discontinuing all existing Rs 500 and Rs 1000 notes effective Nov 8 night. It is a great move against black money by the govt. But for general public point of view, it will create lot of difficulties in doing day-to-day transactions.

Here is a guide on how to exchange or deposit old Rs 500 and Rs 1000 notes:

(Please note that banks ...

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EPF Member Passbook not available - at UAN Portal

Know what to do if you are getting the error message - "member passbook not available" while trying to download member passbook from UAN Portal (Member e-Sewa portal).

During last year, EPFO has tried to digitize and simplify all procedure to make life easier for subscribers. To do this, it has issued UAN (universal account numbers) to all subscribers and created a [UAN portal or e-Sewa Portal...

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PPF interest rates since 1968 - Compare historical rates

The interest rates on the Public Provident Fund (PPF) keep changing from time to time. Here is a comprehensive list of interest rates changes year after year in PPF.

Financial Year Interest Rate
1968-69 4.8%
1969-70 4.8%
1970-71 5%
1971-72 5%
1972-73 5%
1973-74 5.3%
1.4.1974 to 31.7.1974 5.8%
1.8.1974 to 31.3.1975 7%
1975-76 7%
1976-77 7%
1977-78 7.5%

1978-79...

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