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Que.:
What
is Dematerialisation? - (Demat)
Ans.:
Not too long ago, all trading on the stock market was represented by physical
shares, acting as receipts or proofs of purchase, like a title or deed.
These shares literally changed hands after every purchase and consequently,
as one can imagine, a mountain of paperwork, red tape and formalities
had to be completed before the transaction was actually complete.
The dematerialisation system in one swoop eliminated the rigmarole of
physical shares by dematerializing them into an electronic account titled
a DEMAT ACCOUNT. These accounts act as records that store individual investor's
stock information, updating it regularly, without the mundane rigmarole
of paperwork. Not only are transactions a lot quicker, but also the system
totally eliminates the use of physical shares.
Que.:
How
much inheritance is a married Hindu woman entitled to from her parents?
Does she have to file a case for inheritance if her parent's property
is spread over different towns? - H.K. (Bhopal)
Ans.:
A daughter, whether married or not, is entitled to get an equal share
of her parent's property along with her brother's and sisters. The only
difference between a daughter's inheritance right and sons is that the
daughter is entitled to inherit only the self-acquired property of her
parent's and not that of her grand parents.
Que.:
What
are the banks and housing finance companies and the interest rates on
offer?
Ans.:
HSBC
Income requirements: Rs. 1,50,000 per annum (net)
Amount: Rs. 2 lakhs -Rs 1 crore
Interest rate: 1 to 7 years - 16%; 8 to 15 years - 14.1%
Processing fee: 1.8%
Sanction time: Variable |
HDFC
Income requirements: Variable
Amount: Rs 10,000 - Rs.1 Crore
Interest rate: 13% (15 years maximum tenure)
Processing fee: 1.8%
Sanction time: 3 - 4days |
ICICI
Income requirements: Rs. 60,000 per annum (net)
Amount: Rs. 1 lakhs - Rs 1 crore (30 years maximum tenure)
Interest rate: 1- 5 years - 12%; 6 - 20 years - Administration fee:
1%
Processing fee: 0.8%
Sanction time: 7 - 14 days
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CITIBANK
Income requirements: Customised
Amount: Rs. 2.1 lakh -Rs 1 crore (maximum tenure 15 years)
Interest rate: 14% -14.5%
Documentation fee: 2%
Sanction time: Up to 10 days |
ANZ GRINDLAYS
Income requirements: Customised
Amount: Rs. 2.1 lakhs - Rs 1 crore
Interest Rate: 14.5%
Processing fee: 2%
Sanction time: 7 - 10 days |
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