E stamp paper

In Karnataka bond papers are banned. Now a days everything is on e-stamp paper.

No need of any broker. Simple process. Takes 15 minutes.

• Go to the bank or e-stamping center (Check in website)
• Fill the form (very simple)
• Name
• Purpose
• Amount
• Give the form, pay cash.
• Wait for some time.
• They will call you once the e-stamp paper is ready.
• Get it. and fill what is required.

House Rental Agreement

This concerns more in Bangalore!

• Rents are more compared to other cities (except Mumbai)
• Advance is 10times (some exceptions these days)

Tips:

• Get both your and your wife names on the agreement. Useful for address proof at some later stage. (only if married!)
• Get your agreement on e-stamp paper worth Rs. 100/- if deposit is close to 1L or 200/- if more than 1Lakh. (2013)
• All terms and conditions to be written on the agreement.

Before e-stamp paper, people get the agreement on a normal stamp paper (worth 20/- or 50/-). Get it notarized. Costs around 100/- to 200/-

Kids Day Care

Some charges around Kundalahalli.

Klay                         :  40,000    11,000
Klay for Qualcomm : 25,000    9,350

Kindle Kare

Application Fee     300
Registration Fee  5000
Monthly Fee        6400
Refundable Deposit     5000

They have fees for Less than 6 hours and Less than 3 hours

Petrol Bunk Cheats

By the time you read all the ways, either you will get faint or your mind will turn cruel!! Beware

• Filling pump will have 2 meters - litres and rupees
• They have mechanism to show the last bill.
• The handle used to fill fuel is called "gun". Some guns have meter on them

1. Most famous one: DISTRACTIONS
1. You ask for 1000.
2. They will come in between with lot of options
1. Air pressure in tyre is low
2. Card swipe
3. Ask questions like mode of payment
4. A damaged note asking for replacement (if you have given cash)
2.  Card Skimming
1. This is getting popular these days. Your card will be "cloned" and used it outside India. Nowhere you can track them. So better don't use debit cards with high amounts
3. Partial fills
1. You ask for 500. First he fill 100 and says done. You ask for 500. Then he fill till 400 and stops. He says "Sir, first 100 and then 400 now". But in fact you got only 400 wroth of fuel.
2. You ask for 500. First he acts as if he filled 100, but shows the previous bill. Then he fills 400. You have to pay for 500 and get only 400.
4. Illusion
1. Some filling guns have a meter and it will have .00 also. If we ask for 500 rupees, he will fill for 5.00 (five RUPEES only). Since the gun will be upside down, we may not notice.
5. Manipulation
1.  While filling in the end, they touch the gun and stop the petrol (at the end). If you ask for 500, he starts filling. When it is at 450, he will handle the gun and slows down the flow. Machine will pump 500 of fuel. 450 is inside tank, 50 is in the pipe (coming on the way). Instead of completely waiting, the person will remove the gun immediately.
6. Change
1. You fill for 500. You give 1000/- note. The person needs to return 500. He will take out 100 notes and keep counting and give you 500. But when you count it will be 400. The person actually counted a note two times.
2.  You fill full for 100. You give 500. He gives back 400. When you go home and count it is 350. One of the 4 notes is 50/-.
7. Payback
1. Applicable for Payback users only and tank full.
2. He will ask if you have Payback.
3. You ask for tank full and you see the amount is 2000+ (2100 is actual)
4. First he will get the Payback card with 2200 rupees. 
5. If you notice the amount, he will get card swipe with 2100
6. If you don't notice the Payback slip, then he will swipe your card with 2200

Hints

•  Ask for some odd numbers. 350 or 420 instead of  500 or 100
• Come out of car. Don't sit inside
• Ask for auto cut-off

What you should do?

1. Learn a bit of local language (Kannada in this case)
2. Get out of your vehicle, lock it
3. Go near the nozzle 
4. Tell clearly you want this amount
1. Diesel / Petrol
2. Normal / Special
3. Quantity / amount / full-tank auto cut off
4. Payment by cash / card
5. Wait till the filling is complete. ALLOW NO DISTRACTIONS
6. Check BOTH price and litres. Both should match.
7. Close Fuel cap
8. After this do payment
9. Collect bill
10. Check if your original card is returned
11. Move on

PF FAQ

Welcome the first post.

Like I was, many of you might have little understanding of PF. Here is a FAQ section about it.

Q: What is PF?
Provident Fund.

Q: What is EPF?
Employee Provident Fund. Similar to PF, EPF is for private companies and PF for government employees.

Q: How much is deducted from your salary?
An amount of 12% of your basic salary is deducted as Employee contribution (EE) and an equal amount is paid by your company (Employer - ER). Some companies deduct a minimum of 780/month.

Q: How to check your PF balance?

1. First get your PF account number. It will be in salary slips or PF accounts from your employer. It will look like PY/BOM/34444//001.
2. Go to www.epfindia.com site http://epfoservices.in/epfo/member_balance/member_balance_office_select.php
3. Enter the details. Your name should exactly match with the records!!
4. Your will get an SMS (in 5-10 minutes) to your phone

Q: How to read the SMS?
Your SMS will be EPF Balance in A/C No. BG/BNG/24476//1010 is EE Amt: Rs 98248 ER Amt: Rs 70344 as on 03-12-11 (Accounts updated upto 31-03-2009) - EPFO

EE amount is paid by you. ER is paid by your company. The difference amount has been moved to Pension fund

Q: What is pension fund?
As per rules a part of your ER PF goes to pension fund.
"a part of contribution representing 8.33% of the employees’ pay shall be remitted by the employer to the Employees’ Pension Fund. See www.epfindia.com for more details.
http://www.epfindia.com/intworkersnew/hand_book.pdf

Q: How to convert your old PF number to new PF number?
Use the link provided there to get your new PF number. http://epfindia.com/estt.asp
Easiest way is select the state and type part of your company name. (eg. Intel)

Q: When do we get the money?
When you retire!!

Q: When can I withdraw the PF amount?
Generally people withdraw when leaving the company.

Q: What forms to be filled for withdrawal?
We need to submit 3 forms
1. Form 19 - For claiming PF
2. Form 10C (EPS) - For claiming Pension Fund
3. ECS Mandate form - For direct deposit to your bank account

Q: Where to submit the withdrawal form?
It has to be submitted in the last company

Q: What happens when I move to a different company?
You can apply for PF transfer form. Fill a form with your existing PF details and submit in the new company. They will forward it to your old company and do something.
If you don't submit, a new PF account will be created. (Now I have 3 PF accounts!)

Q: Is the PF amount taxable?
Yes and No.
If you are in company/service for 5 years, then PF withdrawn is tax free.
An useful link: http://www.rediff.com/getahead/2008/feb/28trans.htm

Q: Can I take loan from PF?
Yes. There is a possibility. Some websites say the loan interest is 12%. So a partial withdrawal is better in case of long-term loans. Please re-search more before taking important decisions.


Q: How much interest I get on PF?
It is between 8 - 10% as decided by Government of India

Q: What happens if PF account is not used for many years.?
The account is moved to inactive state. After 3 years, you will stop getting interest.
So when you change company, make sure you transfer the PF. (Updated: Dec 2012)


Soon it will be online and hope it will be faster process (April 2013)

Useful Links:

• http://www.epfindia.com/faq.htm

Other Links:

• http://www.moneycontrol.com/master_your_money/stocks_news_consumption.php?autono=750106
• http://timesofindia.indiatimes.com/india/Apply-online-for-PF-transfer-withdrawals-from-July-1-EPFO/articleshow/19618918.cms