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Monday, April 21, 2014

24 Carat gold bank rate comparison

Purchasing gold from a bank gives a feeling of safety and purity. The Coins can be purchased as an investment or for gifting for special occasions like marriages, birthdays etc. We are listing here some of the banks that are offering their customers this facility.

While you can simply go the bank's website and purchase the coins but the thing that i want to mention is the difference between the rates. If you are planning to purchase a coin of less than Rs 50000 than i would suggest you to call the nearest branches of different banks and know the exact rate after taxes and VAT. As you will be purchasing in cash you can move to any bank and save your money.

Watch the difference between the rates of ICICI gold coins and Bank of India gold coins of same date 22 April 2014 (10 gm coin)

Bank of India price

ICICI pure gold 

Rates given are mainly indicative and the same should be got confirmed from any of the bank's branches i would suggest you to go to their websites and check their branches in your locality and then call them to confirm the rates.

Different banks offer differnt product variants while s viz. 2gms, 4gms, 5gms, 8gms, 10gms, 20gms ,50gms and 100 gms gold coins/bars. You will find no difference in quality whether you purchase from A or B bank,as they all are  24 carat, 999.99 pure Gold imported from PAMP refinery in Switzerland, one of the most reputed Gold refinery world wide which is owned by M K S Finance S A, Geneva, Switzerland.Accompanied with an International Quality Certification (Assay Certificate). These coins are packaged in tamper-proof see through packet for easy viewing and protection.

  1. Bank of India : Bank of India offers Pure Gold Coins in the denominations of 4 g, 5 g, 8 g, 10 g, 20 g & 50 g in different shapes
  2. ICICI Bank : Offers different categories  0.5g, 1g, 2.5g, 5g, 8g, 10g, 20g, 50g and 100g .
  3. HDFC Bank : Check price and information here
  4. Federal Bank : 1gm, 2gm, 5gm, 8gm, 20gm, 50gm & 100gm
  5. Canara bank : Any one can purchase from their branches. Any transactions of Rs. 50000 or more will attract the requirement of quoting of PAN.
  6. Indusind : suvarna mudra scheme : You can purchase gold upto 50000 in cash. For existing customers they offer debit to account,Pay order /Demand Draft services.
  7. Indian Bank  :  Offers in nine product variants  2gms, 4gms, 5gms, 8gms, 10gms, 20gms ,50gms and 100 gms gold coins/bars.
  8. Andhra bank : If you purchase gold  with cash less than Rs.20,000/- then there is no document required for further upto 50000 an Identity proof is required. No cash will be accepted for Rs.50,000/- and above from non-customers
  9. Axis bank : Only existing customers of Axis Bank can purchase the Gold Mohur 
Other banks gold rates : 

None of the banks are going to buyback your purchased Gold as the current RBI guidelines do not permit buy back of the gold coins/bars by banks.

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Friday, March 28, 2014

ITIL Explained Easily

Dell in the Clouds Think Tank at the Skyloft, Millbank, London.

It seems that for every decent job description in the world of IT, there is a demand for an ITIL qualification. These jobs range from service desk openings to senior project management roles. This article takes a look at the world of ITIL and explains why it is so in demand for today’s world of IT.

What Does It Mean?

CA Service Support Processes

ITIL is an acronym for the Infrastructure Technology Infrastructure Library and it is the most widely accepted approach to IT service management in the world.

How Was It Devised?

ITIL was devised from both the private and public sectors throughout the international world of computing. It is in place to ensure that a set order of processes and functions are followed in order to deliver good business value.

Why Was It Required?

In the 1980’s it was declared by the British Government that the state of IT was in need of some serious shake up in the quality department. The Central Computer and Telecommunications Agency was required to start development on a new framework for managing IT resources in a more financially responsible way.

What Happened Next?

The original version of ITIL was known as GITIM, Government Information Technology Infrastructure Management. The main companies in Europe were swift to harness the new best practices outline by the GITIM, and these desires were shared by government organisations as well.

The New Millennium

In the year 2000, GITIM had spread across the world as international IT practitioners were keen to follow the guidelines set by the British Government some 20 years earlier. IT was changing as a whole and so was the way in which the best practices were set up and followed. Microsoft decided to use ITIL to help develop the Microsoft Operations Framework, MOF.

ITIL Version 2

In 2001, ITIL version 2 was released and a new set of books was released to coincide with this event. These books were presented in a far more concise set of publications and they were very well received by the awaiting world of IT. The Service Support and Service Delivery books became the most used of their kind ever seen by the world of IT. ITIL itself was elevated to the number one best practice approach in the world also.

ITIL Version 3

In May 2007, we saw the release of ITIL version 3, and this differed to its predecessor in several ways. It approached the whole IT entity as a life cycle lent towards the service management feature. IT business relationships were more integrated and it lent itself towards recommending this new approach.

Different ITIL qualifications

There are four levels of ITIL qualifications attainable and they come in the following sets:

  • ITIL Foundation training – This encompasses the basics of ITIL and needs to be passed and understood before progressing with the next modules.

  • ITIL Capability modules – These modules include learning about Operation support & Analysis theories. They are usually 4-5 days courses.

  • ITIL Lifecycle courses – These cover Service management and all of its approaches.

  • ITIL Management – This course is a must for any aspiring project management candidates. It will lead towards valuable credits for the ITIL Diploma.


ITIL has certainly turned the way IT has progressed over the last 30 years, because more and more companies are now following the strict best practice suggestion and as a result are reaping the financial results.
Attached Images:
Thomas Ethan is a project management consultant. He conducts project management courses in Toronto for mid-level project managers. He also blogs about his insights on project management.
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Sunday, December 29, 2013

Finding The Best Deal On A Loan

Today, when it comes to loans, there are obviously multiple options available. While looking for any type of loan, you should always shop for the best and the cheapest option. However, the process is not that easy, and you will have to make lots of efforts for getting the best deal. Moreover, there are many different factors that you will have to consider in order to find out your option. There are different terms for loans along with different time limits and monthly payments. Considering all these factors, you will have to do lots of research to find the best. Before choosing the perfect loan, you should take a look at different factors.

Checking The Term Period:

You should check out the term period of different kinds of loans while you are looking for any option. If possible, you should always try to choose the shortest time period for loan. This will make it easy for you to get rid of the burden of the loan at the earliest. Well, short term loans will increase your monthly payments, but at the end of the term you will find yourself paying a lesser rate of interest. If in some case, the short term loan comes with a high interest rate, you can go for a long term repayment option.

Checking The Interest Rate:

While determining the best loan option for you, you should always check out the annual percentage rate of the loan. There are some types of loans for which you can compare the interest rates, but checking the annual percentage rate for each is a good idea. When you compare the interest rate, you just check the basic interest charged. On the other hand, when you compare the APR, you actually compare the fees and the points. This can make it easy for you to decide.

The Monthly Payment:

You should also take a look at the monthly payments that you need to make for each loan. There are some loans with variable rates of interest there are balloon payments that can help you with a lower monthly payment. In any case, you should re-evaluate carefully in order to find out the amount that you can afford to pay. In general, it is best to take the loan with a low interest rate and low term period as long as you are able to afford the monthly payment. This can help you a lot.

In fact, these are some of the most important factors that you should consider while looking forward to a loan. There are even other factors that you can consider like the total amount owed or the balloon payments that you need to make.  The total amount that you owe will include the original amount along with the interest and fees.
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Saturday, February 16, 2013

Why You Should Use Offshore Banking

A lot of people are starting to manage their funds with offshore banks because there are a lot of advantages that they wouldn’t be able to see otherwise. Offshore banking is great for people who live in countries that are experiencing economic struggles or other financial issues. When you use offshore banking, you can be certain that your privacy is kept safe, as many of these financial institutions have extremely strict security when it comes to disclosing their client’s information. Most offshore banks will have a great deal of security measures enforced and will not allow anyone to view your personal details.

Personal details, such as names, financial information, company profiles and so on are kept safe and secure within online record databases. Even the majority of the bank’s employees will not have access to their client’s personal information, only a select few individuals will be able to access that information and they will have to have good reasoning to do so. These types of security measures will allow you to be at ease and not worry about anyone snooping in on your personal details. Every payment that you receive or transfer from your offshore bank account will also be kept private.

Since many offshore banking companies have very low operating costs, you will be able to save a lot of money whenever you deposit money into your account. Interest rates for your savings account are also significantly higher as opposed to many local banks. You avoid paying large sums of taxes by utilizing the lowered tax rates that are involved in various tax havens. You can also transfer your money to multiple banks worldwide without your personal or financial information being disclosed. This will allow you to keep your money in the most profitable account since tax rates are ever changing.

Most offshore banking services will include an online banking system that allows you to track and manage your finances at any hour of the day from any location. One of the downfalls of using offshore banking is that some of these financial institutions will require that you make a set deposit. These deposit requirements can range anywhere from ten thousand to one hundred thousand. Not all offshore banks require such deposits, but you may run across a few who do.

Before you open an offshore banking account, it’s a good idea to do some research and also find out which offers the benefits that will cater to your needs. Find out which financial institutions have the best rates and offer the most functionality. You should also look into the requirements of your local government before making any accounts and see what the specifications are on opening an offshore account. Spend some time researching the bank’s history to determine their legitimacy. It’s not often that people get scammed with these types of institutions, but it’s better to be safe than sorry.

Using the tips above can allow you to make the most out of your finances and save a lot of money. An offshore bank is becoming the norm for a lot of small and large business owners alike. Why not do yourself a favor and take advantage of their services?

Thomas Lexington has spent the past 10 years working with offshore companies in Cyprus . He has a rich history in financial growth and development.
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Sunday, January 27, 2013

Forex Trading Signal Service Review

What Is A Forex Trading Signal

When someone is speaking of a Forex Trading Signal they are speaking of an order for comparing currency.  This can be completed by a human or a computer and is usually directed to a forex signal service subscriber.  The information is sent through several different ways.  These ways can include tweets, RSS, a dedicated website as well as through the basic email system.

A forex trade signal is basically an order for a currency pair exchanges comparison, which can be generated by a human being, or even a robot. This service is always directed towards a forex signal service subscriber. The service information is conveyed via various media which may include tweet, RSS, SMS a dedicated website and sometimes through emails. That is the reason why they the best forex signals are timely.  These signals are sent in a timely manner.

Obtaining these services is easy and can be found being offered in several different ways.  The first way is offered as a signal that someone pays for.  These signals will be generated from a certain provider.  The second way is to use a free service.  Others may choose to use an expert advisor.  This is a forex robot.  The advantage to these robots is that they are very accurate and are extremely timely.

The Use Of A Forex Signal

When working with a professional trader you will find that the forex signal is replicating what the professional trader is actually doing.  The obstacles involved with this are that there is a slight time delay in the process.  However if your trader is using market orders when he trades it will be impossible to get the exact same trades because the market orders provide instant trading.

The catch is if the trader is using stop or limit orders as the base of the forex signal there will be a good chance that there will be a certain amount of time to enter the details of your forex account and get the order processed before the price has changed.  This will allow for you to replicate the professional trades.

Learning To Trade

Learning to trade with the forex signal system is a great way to learn.  The system makes it easy for you to see transactions in real time and see what a professional trader does.  When you are seeing trades and transactions of a period of weeks and months you will gain a better understanding of what a forex trader looks like and what he does when it involves stock market transactions. Most of the time the forex signal service is the only way to understand what a professional trader is actually thinking.

When you decide to use a forex signal service you will find that some of them are quite expensive.  However if you are serious about learning the ropes of professional trading you will find that even bad credit personal loans will be worth it to lean the trading system.
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Sunday, November 20, 2011

Fundamental Analysis Methods

Financial analysis or accounts analysis is the method that various investors and professionals adopt to assess the stability,profitability and health of business.
It helps them to know whether or not the financial position and progress of the company are satisfactory or unsatisfactory.The basic objective of analytical method is to make things more simplified and brief that can be reviewed in less time.The financial analysis is concerned with the extraction and processing of specific information about s financial instruments , financial markets and companies .

analysis fundamental
There are different methods that are adopted by professionals to to ascertain or measure the relationships among the financial statements items of a single set of statements.

Analytical methods used in analysing financial statements are as follows:
1. Comparative Statements
2. Common Size Statements
3. Trend Ratios  I
4. Ratio Analysis Q
5. Cash Flow Statements.


In upcoming posts we will be discussing important ratios,their usage,analytical methods pointed above along with some software's that can help you in your calculations.
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Wednesday, October 12, 2011

Rahul Mohindar Oscillator (RMO) !!!

Rahul Mohindar of Viratech India had developed this oscillator,like other trend indicators it also helps users to detect trends in financial markets,but this one become popular after it was released with
metastock 10 pack.Now in recently launched MetaStock 11 there are 6 NEW alerts for the RMO, including: buy above high, sell below low, new blue bar, new red bar, entering bullish zone, and entering bearish zone.

Where to download it ?
It comes preloaded with the software so you don't have to go through other download websites to look after it.
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