Top 10 Banks to Open a Saving Account in India

If you want to open a saving bank account then which bank is good for you? It really does not matter whether this is your first time or already you have an account.
You can rethink and choose a right bank to save your hard earned money. In any India, there are a number of government as well as private banks.
Moreover, new banks are opening every now and then. So, you have got a wide range of banks to choose from.Whether you choose a government bank or a private they must give high returns of your savings.

So on which basis you should choose a bank to open an account.

1. The first obvious reason is the Bank should be genuine and should keep your money safe.
2. A Bank must give higher returns of your savings.
3. Presence of ATMs all over the country.
4. Easy money transfer.
5. Great Customer Support.

You should consider above mentioned things before you choose a bank to open your account.
The Documents that you need to open a bank account are

1. Address Proof – (Electricity Bill, Ration card, Landline bill, Aadhar card or Passport)
2. ID Proof – (Pan Card, Passport, Election card or Aadhar card).
3. Passport size photographs
4. A Minimum deposit of Rs 500/- to Rs 1000/- to Rs 10,000/- (you need to maintain this amount in your account)

Address proof is very important. Normally, all the banks would ask these two documents to open an account.
Initial amount of Rs 500 or Rs 1000 to Rs 10,000 is also important.
For example for SBI you need Rs 1000/- and for HDFC you need at least Rs 10,000/-
So here are 10 banks from government as well as private sector where you can open your saving account. You can choose anyone of them.

1. State Bank of India

State Bank of India is the largest bank in India. This government bank was established in 1955.
It has Non-Banking subsidiaries and Joint Ventures like SBI Capital Markets Ltd, SBI Funds Management Pvt Ltd, SBI Life Insurance Company etc.
There are many other commercial services that SBI has to offer.
You can find SBI in every corner of India.

• Branches: 16,000
• ATM: 9000+

It has more than 70 overseas branches.

2. ICICI Bank

ICICI was founded in the year 1994. The salient feature of this bank is a saving plan by children. It is called Young Stars.
It also provides home loans, personal loans and even car loans. This is one of the best private sector banks in India.
What I like about this bank is its long working hours.

• Branches: 1400
• ATM: 4600

3. Punjab National Bank

There are many products offered by PNB. It started as a private bank but was nationalized in 1969.
Deposit and loan schemes like house loans, educational loans, personal loans, customer finance etc.
PNB started Gold Card Scheme for export clients.
It also offers 12 hour banking services and electronic clearing service at some branches.

• Branches: 5000+
• ATM: 2500

4. Bank of Baroda

It major products are export finance, bill finance, infrastructure finance, foreign currency loans and other loans.
It also offers Multi Cheques, Baroda Health, Baroda Money Express services that ensure better payment and easy transfer of funds.
Some other programs are Baroda premium account, Baroda salary advantage account, Baroda Super Six, Square Drive etc.

• Branches: 4300
• ATM: 2000+

5. Canara Bank

Like PNB it was also nationalized from private bank in 1969.
It has seven subsidiaries and sponsored institutions.
It offers services like savings, fixed and current account deposits.
It also offers niche based services like SB Can Champ, Ashraya Deposit for senior citizens, Can-Tax saver Scheme, Vidyasagar loan for education.

• Branches: 3600
• ATM: 4000+

6. HDFC

HDFC is a private sector bank established in 1994. It provides financial services and other products.
Some of its features are
Kids Advantage Account for children savings.
Retail Trust Account for earning higher interest.
It also provides wholesale banking services to big companies to small companies to agriculture based companies.
It also offers debt securities and equities.

• Branches: 2780
• ATM: 11,000

7. Bank of India

Founded on 1906 and nationalized in 1969 like others.
It provides Medi Mobile scheme which enables practitioner to buy automobiles of their choice.
Bank of India’s saving plus scheme is also a great service with a sweep in and sweep out facility.

• Branches: 4200
• ATM: 1700

8. IDBI Bank

IDBI or Industrial development bank of India is subsidiary of RBI. It was established to provide industrial development in the country.
It is 10^th largest developmental bank in world.
Some of its best product is
Sabka account for minimum balance account.
Citizen IDBI Bank for economically deprived.
IDBI is a great bank for starting small business.

• Branches: 1000+
• ATM: 1600+

9. AXIS Bank

AXIS bank is a bank which offers core banking. One of its advantages is the presence of ATM at every corner.

• Branches: 729
• ATM: 3171

10. Union Bank of India

Union Bank of India is a private sector bank.
It also offers core banking system.
Some of the products are
New India Insurance for healthcare and medical claims.
Telebanking services and many other services.

• Branches: 300
• ATM: 4129

Although there are many other good banks in India which are not mentioned above.
Some of them are

1. Yes Bank
2. Central Bank of India
3. Kotak Mahindra
4. Allahabad Bank

There are many other local banks which are very popular in the states.
If you want to open an account then you can choose any one of 10 above mentioned banks.

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What is Term Plan in Insurance & How to Choose Best Term Plan

What is a Term Plan in Insurance?

Term insurance plan is nothing but an insurance policy that could commit a very high life cover in return of very low premiums. However, the flip side is that the plan does not give you anything in the end of the term if you complete the time period.

Term plan is very effective in case of a death because you get a very huge returns as compared to your investment but you don’t lose a big amount in case nothing happens to you.

Why should you buy a term insurance plan?

Well! There are many advantages of it but the best part is that it is available with low premiums because there is no maturity plans included.
Moreover, Most of the insurance agents running around you sell the costliest insurance plan.

Therefore you end up buying a plan that you need desperately but the premium cost is too high for you.
OR you take a plan that you do not need at all
OR you do not take any plan and postponing it.
Hence, in this scenario the term insurance plan is best to buy because it is designed for special purpose.
I hope this gives you a brief idea about the term insurance plan and why it is important for you.
Keep on reading to know more…

Who all Can and Cannot Apply for Term Insurance Plan?

Although term plan is very easy to get but you should know who all can apply for term insurance plan. I mean to say there are certain eligibility criteria for this.
It differs from company to company which gives the insurance plan but I will tell you general things that is normally remains same while applying for a term insurance plan irrespective of a company you choose.
1. Minimum Age: Every insurer is going to ask for minimum age of 18 years. The maximum age for applying is 65 years. If you are older than that they you might not be eligible for a plan.
2. Policy Terms and Condition: The minimum time period for an insurance plan is 5 years. Maximum it can go up to 30 to 55 years. Hence, your time period must be between 5 years to 55 years.
3. Maturity Age: The maximum maturity age is 75 years and it can be for whole life also. It depends upon the kind of insurer you are choosing for your insurance plan.
4. Annual Premium: This is very important for you because people are mainly interested in knowing how much they have to pay every year.
Normally, minimum amount you need to pay is Rs 2000/-. However you could pay more if you want more money if something happens to you. It would depend upon the sum you have assured and your age.
Premium Payment Mode: You have complete flexibility for paying your premium money. You can pay outright the entire amount or you could pay regularly, yearly, half-yearly, quarterly, and monthly.
It depends upon you what is convenient for you.

Smokers

As smokers are at higher risk of early loss of life hence there is a separate plan for them. You have to pay a higher premium (around 15% to 25%) if you are a smoker.

Riders

Riders like dangerous diseases rider, or accidental death riders. They are valid for certain period of time with special benefits.

Terrorism Cover

Many company offers cover for death because of terrorism. You need to check this with your insurer whether they have this plan or not.
So these were some variables that you need to consider before choosing a term insurance plan.

Advantages of Term Insurance Plan

Before you choose a term insurance plan you need to know some of its advantages. Here are some of them.
1. Plan Choice – You can choose a plan on single life basis or joint life basis. Insurer would give you that flexibility.
2. Death Benefits – The nominee would receive the amount the he or she has chosen.
3. Maturity Benefits – As you in term insurance plans there is no maturity benefits when you survive you get money only if you are dead.
4. Policy Terms – Minimum is 5 years (it can be different for different insurer) and maximum is 30 years.
5. Entry Age – Your entry age should be at least 18 years it maximum could be up to 75 years.
6. Other Benefits – There are other benefits like critical illness benefits. Then accidental benefits and it covers for terrorism deaths also.
So what do you get when you choose a term plan.

• You get maximum cover at very low price. Your life is insured and you have to pay small amount of money monthly or yearly as per your plan.
• Flexibility – You have complete flexibility to choose the sum that is assured at the end of the term.
• There is additional benefit that could be availed at a small cost. It means if there are some additional benefits in a plan and you want to use it then there is flexibility to make use of it at a low cost.
• Premium amount remains same over the entire term of the policy
• As I said earlier it is your choice how you want to pay your premiums, you can pay it regularly in months or one full time.
• Above that you would like to listen is the tax benefits. Under section 80C and 80D you get relaxation in paying your tax. Hence, you could save a lot of money.

I would like to add here that customer support of various banks that give term insurance plan to you is great.
It is because of competition as there are dozens of companies in the market and you can choose anyone which is best for you.
There is an agent dedicated to you that is going to explain you everything whenever you want.

How to Choose a Best Term Plan for You

Investing money is a serious business. Therefore before you invest your hard earned money you have to think twice and make a right decision.
So if you are sure that you are going to buy a term plan from a particular company then you should look out for following things before you make a choice.

1. Decide on the Insurance Cover Amount

You have to make a decision on the insurance cover amount. Ideally, your amount should be 6 to 8 times of your annual income.
It is advised to consult your financial planner before you choose your cover amount.

2. Scrutinize Claim Settlement Ratio of Your Insurer

This is also very important factor. You need to know the number of successful claims that has been settled or disbursed by the particular company.
The ratio must be high, only then you should go for that company.

3. Do Not go for Low Premium Rates

Going for Low premium rates always is not a wise decision. It is an important factor but not always.
Low premium rates have several conditions attached to them. Hence, you should be clear about it.

4. Check for Rider Benefits

Almost every term policy offers rider benefits like for critical illness, permanent disability or death from terrorism etc.
Choose a policy that has low additional cost among different insurance provider.

5. Do Not Hide Anything, Disclose all your Information

Disclose all your information to your insurance provider. Your smoking habits, any illness and your lifestyle.
You should be honest otherwise later your insurance provider could deny the insurance amount on the basis of suppression of facts.

6. Avail Free Look Period

You have complete choice to return your policy within 15 days of date of issue if you have some problem with the term plan.
Insurance providers are mandated by IRDA to offer free look period where the customer has choice to return the policy. Hence make best use of it.

7. Read Policy Documents of Insurer at least 10 Times

Ready the policy documents of your provider at least 10 times. Take your time and do not be in a hurry, read it comprehensively, especially things that are between the lines and then make a decision.
Always fill the form on your own, never let agent to fill the form on your behalf.
Therefore, you need to consider these things before you choose your term insurance plan.

Comparison Table of Various Term Plans

To make things easier for you I created a table of 15 companies with their policy names and premium you have to pay, riders and mode of applying them.
Although premium amount is subjected to change and you have to check the website of the company before applying but the table down under show a tentative amount.
Below comparison table is for a 30 year old person for 1 crore sum assured & who is a not a tobacco user:

Sr. No.	Company	Policy Name	Premium	Riders	Mode
1	LIC	Amulya Jeevan	Rs. 33,600	NIL	Offline
2	ICICI Prudential	I – Care	Rs. 14,607	Yes	Online
3	HDFC Life	Click 2 Protect	Rs. 11,461	No	Online
4	Metlife	Met-Protect	Rs. 12,134	No	Online
5	Aegon Religare	iTerm	Rs. 25,618	Yes	Online
6	Kotak	e-Prefered	Rs. 10,825	No	Online
7	ING Vyasa	My Term Insurance	Rs. 11,891	No	Offline
8	Bajaj Allianz	iSecure	Rs. 25,838	Yes	Online
9	SBI Life	Smart Shield	16798	Yes	Offline
10	Reliance	Term Insurance	Rs. 35,954	NA	Offline
11	Tata AIA	Maha Raksha	Rs. 7,978	NA	NA
12	Birla Sun Life	Protector Plus	NA	Yes	Offline
13	Canara HSBC	Life Pure	NA	NA	NA
14	Sahara Life Insurance	Kavach	NA	NA	NA
15	Max New York	Platinum Protect	Rs. 23,500	Yes	Offline

This is the list of top 10 companies with highest claim settlement ratio. You get an idea which company has paid the amount after the death.
Surely LIC comes first.

Sr. No.	Company	Claim Settlement Ratio
1	LIC	97.4%
2	ICICI Prudential	96.5%
3	HDFC Life	96.2%
4	SBI Life	95.5%
5	Kotak	92.1%
6	Birla Sun Life	90.9%
7	Bajaj Allianz	90.6%
8	Max New York	89.8%
9	Aviva	89.6%
10	ING Vyasa	88.8%

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Top 15 Reason Your Insurance Claim May Get Rejected

Insurance is one such thing that acts as a protective cover in the time of need & getting money in the time of need is just like a blessing from god. But sometimes this insurance claim gets rejected and you are left completely heartbroken.
There can be many reasons that might result into insurance claim rejection and it is always advised that you should read all the terms and conditions before purchasing the insurance policy.
Here are 15 top reasons that might result into your insurance claim getting rejected by your insurance company.

1. Non-Disclosure of Important facts

• When at the time of purchasing the life insurance policy you need to tell company about your health condition. If in case later at any stage it is proved that you didn’t disclose about the exact health condition at the time of buying of policy the insurance claim might gets rejected.
• Hence it is always advised that you undergo a medical checkup so that your get a medical certificate from the medical authority about the exact condition of your health.

2. Not paying the life insurance premium on time

Always make sure that you renew your life insurance on time. Most of the life insurance companies rejects claim because the policy gets lapsed. In case you do not remember the date set a reminder so that the insurance policy gets renewed on time. You can also go for ECS option where a set amount is automatically deducted from your bank account for the insurance policy premium.

3. Not disclosing about the negative credit record

There are times when you do not disclose about your negative credit record at the start and if in case the insurance company finds this later then there are chances that the insurance claim might be rejected.

4. Do not trust your insurance agent blindly

There are many people who buy a life insurance policy in a hurry and they do not read all the terms and conditions properly. They just trust the insurance agent blindly and then regret later. There are some hidden points that are mentioned in the policy document and you must read all those terms, conditions and hidden points so that you don’t feel cheated during the time of the insurance claim.

5. Not disclosing about the nature of your job

Certain people work in a job that comes under high risk category and it is always advised that you mention the same during the initial stage of policy buying. Failing to do so may result into the rejection of the life insurance claim.

6. Not submitting the correct and valid documents

In case the supporting documents that you are giving with the policy are not valid or are found to be fake then also the life insurance claim may get rejected. Documents like date of birth certificate, PAN card number and other relevant documents needs to be true.

7. Not filling up the insurance form yourself

This happens many times as people who are buying insurance do not fill up the insurance form them and let the insurance agent do the job. Sometimes the insurance agent or the other person might fill the wrong information that might lead to the rejection in the insurance claim.

8. Not updating about the nomination

Whenever you fill a life insurance form make sure that you fill complete information about the nominee. In case god forbids you die and the nominee’s data is not filled in the insurance form then also there are chances that the insurance claim might get rejected.

9. Not verifying the policy document

There are times when people do not verify the policy document properly and repent later.

10. In case there is a fraud

There are times when there is some kind of fraud which involved in the death of the person.

11. Death Due to reckless driving

If during investigation it is proved that you have been driving in a reckless fashion then also the insurance claim stands rejected. Therefore it is always good to drive your vehicle within permissible speed limits and keep your life safe.

12. If it is a case of death due Drunken Driving

Never ever drive when you are drunk. It is always good to use some other mode of transport to reach home or you can call a friend or family member who can pick you up from the spot. Insurance companies are very strict about drunken driving cases and they straightforward deny life insurance claim to such drivers.

13. The life insurance policy does cover the cause of death

In case the policy holder dies because of some other reason that is not mentioned in the policy document.

14. In case it is a suicide case

Insurance companies reject claims that are made in case it is a suicide case. They treat it as deliberate attempt to have money and the claim stands rejected.

15. If the person dies during the contestability period

This period normally falls between the initial 2 to 3 years of buying the policy and some companies reject insurance claims made between this periods.
So these are some of the reasons your insurer can look upon when you make a claim so try to avoid any of the situation above.
Even if by mistake, you violate any of the terms and your claim is rejected, you can appeal in the consumer court. In most of the cases, consumer court favors the policy holder only.
Do you have any good or bitter experience with your insurance company. Share the same with others through the comment box below.

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Mutual Fund

Why Mutual Fund is Better than Other Investments

People earning money on a monthly basis cannot save in their bank account due to their expenses. Thus, investment is the great way of keeping your money for future. You can find varied types of investment schemes in the market. Choosing the plan which matches your need is really important.
If the investment is related to market, risk will be a part. But there are other options of investments where the risk will be minimized. Mutual funds are one of such kind available in the market. You can now get many advantages of mutual fund as compared to other investment plans.

Benefits of Mutual Fund over Other Investments

No market analysis

An individual willing to make an investment in a stock market needs to analyze the market and then choose the particular stock to investment. In maximum cases, help of the experts are needed. But, if you want to make an investment in mutual fund, no market analysis is required. You can only concentrate on buying funds.

Professionally managed funds

Generally a small investor has a doubt that they cannot manage the funds that they have purchased. But, if you are buying the mutual funds, it will be quite feasible to expect their investment managed by professionals. If your investment sum is too less, investments on other plans becomes very difficult. But, the professional managed team of brokers will manage your funds in a systematic order.

Transaction cost

If you compare the transaction cost of mutual fund investments with other form of investments, the transaction cost of MF will be much cheaper than the others. Thus, people having financial constraint will also think of reducing the transaction cost as well.

Diversification

An important reason of people’s inclination over the mutual fund investment is its diversification. Your funds can be easily diversified in various sectors in the market. Since your funds are not restricted in one sector and are deployed in other sectors, the risk of losing money will be reduced. If you lose in one fund, you can gain in other fund. This way, it will be quite easy to get a balance in your funds.

Liquidity

Even if you have invested money in order to side some of your revenue for future needs, money can be in need suddenly during the emergency situation. Unlike other investment policies which have a locking period, MF does not have such complications. You can easily withdraw the amount when you are in need of money during your emergencies such as medications, marriage renovation etc.
People prefer mutual funds over other types of investment options as tracking its value will be very easy. The risk factor in investment in real estate will be quite lower than that of other investment options. If you are a novice and wish to invest in a stock market, starting with mutual fund investment will be better option. Since the risk factor is less over here as well as the amount you can invest is also quite lower.

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How to Save Money on Your Mobile Phone Bills in India

We use our mobile phone and spend a lot of money monthly on various plans. Whether your SIM is prepaid or post paid, whether it uses 2G or 3G, all you want is, to save money on your monthly bills.
Hence, we created this article for mobile users in India. If you are smart enough and you implement tips and plans given below then definitely you could save thousands of rupees every year.

Most Frugal Plan

The first thing to decide is choosing a right kind of plan. A single right plan could save hundreds of rupees every month.
You have to choose a plan that is according to your need. For example, Vodafone has a post paid plan Talk STD 299 at Rs .50, Rs 299 a month as rental, and the plan allows you to make calls for Rs .50 per minute. It is very frugal and you can talk more.

For prepaid users, the Vodafone’s Bonus Card 140, Rs 140 per month allows you 300 minutes of STD calls but valid for only 15 days.
Therefore, you have to decide according to your need. You choose a STD plan because you talk more with people living outside your city, if you talk more with people living within the city then choose a plan that has low call rate on Local calls.

Choosing Between Pre Paid and Post Paid

What you want to choose a pre paid SIM or a post paid one?
If you need to talk over 1 to 2 hours daily then a post paid plan is really good. Yes, you have to pay rental but after that you can talk as much as you like without paying much.
For example, your rental could be up to Rs 900/- but if you talk over an hour everyday then your bill for the entire month would be like Rs 1100/- to Rs 1200/-. But if you were to talk for an hour on pre paid plan then your monthly bill would more than Rs 3000/-.
Hence, if you have to talk longer then postpaid is best.
However, if you talk less like 5 to 10 minutes in a day then postpaid is worthless because there is no need to pay rental. In that case prepaid is best for you.
So prepaid or postpaid you have to choose according to your need.

Per Second Billing and Free SMS

If your call is less than a minute, say 30 seconds to 40 seconds then you could choose plans that are best for you.
Vodafone, Airtel, Tata etc have such plans where you get concession if your time call is less than a minute.
Next is, SMS. If you text a lot to your friends and other family members, then choose a plan where SMSs is given free. There are plans where you get certain number of SMSs free daily and monthly. There are even many sites which you can use to send free SMS and a chance to earn some money.

Study Your Telephone Bills

Study your phone bills if you are using a post paid plans. If you are using a pre paid plan then always keep a track record of number of time you recharge or top up your phone.
If you think, special packages like night pack, SMS pack are really not required then get rid of them. You could choose some other plan also.

Avoid Roaming Charges

You could choose a plan or a service provider that either charges less on roaming or it charges not at all.
Hence, you must avoid roaming charges if you are travelling inside or outside India.

Go For Unlimited Plans

Unlimited plans are best if you talk more and use internet daily. You don’t have to worry about bill. Use unlimited plan if you have to talk daily on phone for hours and hours.
However, it could be expensive if you travel a lot because of roaming charges.

Off-Peak Calls

Some plan charge very less for calls made during off-peak hours.
For example, Aircel’s Rate Cutter Plan (Rs 39/-month) allows you to call other Aircel user for Re 1 for 30 minutes between 11pm to 7 am.

At Last Change Service Providers

Finally, I would suggest, you to change your service providers and keep on experimenting if you have to save money on your phone bills.
Try different plans from different service providers and stick to most frugal of them.
Therefore, you should choose a plan keep your need in mind. Every plan is created to cater one’s need.
Here are some of the cheapest and most frugal mobile phone plans from different service providers.

Service Providers	Plans	Calls	SMSs
Vodafone	Plan of Rs 72/-	Local Calls at 30p/Minute, STD Calls at 35p/Minute	SMS at Re 1/- for Local , 500MB of 2 GB Data Free for a Week
Airtel MNP	Plan of Rs 19/-	Local Calls for 30p/Minute, STC Calls for 40p/Minute	Local SMS at Re 1/-
TATA DOCOMO Lifetime Plan	Plan of Rs 99/- for Lifetime	Local and STD Calls both at 1 paisa/Second	Local SMS at Re 1/-
IDEA Cellular	Plan Valid for 180 Days	Local and National Calls at 1.2 paisa/Sec	Local SMS at Re 1/- and National SMS at Rs 1.50
AIRCEL Teen Pack	Plan Cost of Rs 45/-	Local and STD Calls as per Original Plan and for Life Time	Local SMS at 1 paisa/SMS
Airtel	Plan of Rs 69/- x	Local Calls at 30 paisa/Minute, STD Calls at 35 paisa/Minute	Local SMS at Re 1/-
BSNL Unlimited Plan	Plan Rs 33/- for 180 Days	Local Calls and National Calls at 1 paisa/Second	Local SMS at Rs .50/-
TATA DOCOMO	Plan of Rs 20/-	Local Calls and National Calls at 30 paisa/Minute	Local SMS at Re 1/-

Now we look at the Post-paid and Prepaid plan of VODAFONE

Post-paid

Monthly Plan (Rs 100/- to Rs 200/-)	Details
VF Talk 199 One Sec Plan	Rs 199/- (1 Month Rental)
Power to Choose 150	Rs 150/- (1 Month Rental)
Roaming Plan – RTP	Rs 149/- (1 Month Rental)
Roaming Plan – RTP FR	Rs 149/- (1 Month Rental)
Monthly Plan(Rs 200/- to Rs 300/-)	Details
Talk STD 299 at 50p	Rs 299/- (1 Month Rental)
VF Talk 299 One Sec Plan	Rs 299/- (1 Month Rental)
VF Ticket Plan	Rs 229/- (1 Month Rental)
VF Travel Plan	Rs 299/- (1 Month Rental)

Prepaid

Monthly Plan (Rs 100/- to Rs 200/-)	Details
Plan Voucher 14	Rs 14 (1.5 p/sec, Talktime: Rs 0/-, Activation Fees: Rs. 10)
Voucher 61,	Rs 61 (60 p/min, Talktime: Rs 0/-, Activation Fees: Rs. 10)
Plan Voucher 83	Rs 83 (1.6 p/sec, Talktime: Rs 0/-, Activation Fees: Rs. 10)
RTP – FR 202	Rs 202/- (1.5 p/sec, Talktime: Rs 0/-, Activation Fees: Rs. 10)

Similarly, you could visit plans from other service providers like Airtel, Tata DOCOMO, Aircel, Idea cellular and compare them with Vodafone.

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These 5 Home Loan Tips Can Save Your Money

Home Loan is a good option for all those who can’t pay the property amount at a time. The rising property rates have brought the option of home loan to many home dreamers.
Once you have finalized the property the next question comes in mind of the home loan and the finance companies in the market. There is a tuff competition between the financial companies for offering the best interest rates and the other facilities also.
Here are some tips on Home Loan to save money.

Try to Make Prepayment of the Loan

Every year try to keep aside some money for the prepayment of the loan. This way you will save the interest and the duration of the home loan.

In the beginning stage of home loan the interest rate is higher so try to make prepayment in early years of the home loan.
If you are getting yearly increment try to set the increased percentage of the salary towards the prepayment of the loan. Even the yearly bonus you can shift towards the prepayment of the loan.
Most of the finance companies have removed the prepayment penalty so make the prepayment as much as possible. By prepayment of the loan you will become owner of the property within lesser time.

Try to pay more down payments and take lesser loan

While taking bank loan most of the finance companies have the condition of paying 20% of the property amount as the down payment.
If you pay more down payments the loan amount will be less and you will be paying lesser home loan interest rates and there will be less tenure of loan.
Also if you are taking a big loan for your 2BHK or 3BHK flat with luxurious amenities like Sauna, Sports zone, swimming pool etc. this will increase your loan amount, interest rates, loan tenure and the maintenance also.
So you can cut down for the one bedroom or drop out the property with luxurious amenities and can save money on the higher interest rates.

Proper research

Before taking a home loan do a proper research.

• Find out what is the current interest rate.
• Which finance companies are offering lower home loan interest rate?
• Who are offering the extra benefits?
• Who are not charging for the prepayment of the loan?
• Is there any penalty or any charges for switching the loan to another financial company?
• What is the floating rate and the fixed rate?
• Find out the processing fees of the financial companies.

A proper research before finalizing the home loan will save your lot of money.

Negotiate for the interest rates

Yes, many don’t know but you can negotiate for the interest rates. The financial company’s sales person or executive might lessen the interest rate as they also have a monthly target and they don’t want to lose the customer.
Negotiating interest rate will save your lot of money on the interest rate.
If the banks have increased the interest rate you can increase the EMI amount instead of increasing the tenure of loan.
By extending the tenure of loan you will be almighty paying more interest and more money. So better stay on increased EMI amount.
Bank may lower your interest rate when the home loan interest rate is decreased in market this will lower your EMI and increase your loan tenure. So request bank to keep the same interests rate even if the market interest rate is lower.
You can negotiate with the property owner for the property rate and real estate agent for brokerage charges by this also you can save some money.

Credit Rating

Before lending you the loan the financial companies check the credit rating of the borrower. If your credit rating is less than 750 then the financial companies don’t approve the loan application.
A better credit rating will approve your home loan with lower interest rate. So before applying for a Home Loan approve your credit score. Credit score can be improved by paying off the old dues, clearing the credit history etc.
Now a days it is easier to switch from one financial company to another financial company for the lower interest rate. But before that do a proper research they might have some extra charges.
You can also increase your loan eligibility by taking a joint loan in name of your spouse if spouse is also working or earning money. Read the loan agreement carefully otherwise you might land up in problem in future.
Closing a home loan earlier not only makes you the owner of the property but also saves your money and you can lead towards a tension free life.

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How to Pay Income Tax Online In India?

Income Tax Authorities in India permit individuals to self-assess their income and they can pay the taxes accordingly. However, many individuals believe that his/her income tax return is just a drop in the ocean for the authorities and so they do not file their return.
The important thing to remember here is that deliberately hiding the income from the authorities to save money will be considered as tax evasion.
Some of the instances of tax evasions include not declaring the interest earned on fixed deposits in banks and getting income in cash and not routing it through the official system.
There are chances that people, who do not file their return, will get payment notice from Income Tax Department for the same.
In addition, many people believe that they have paid taxes through TDS and so filing the return is not important as the main objective of the government is to get money from the public in the form of tax.

But, the thing to remember here is that it is the constitutional obligation of every Indian citizen to file tax returns. So, people’s job does not stop at remitting taxes, it is highly important to file returns

When it becomes important to file income tax returns?
There are certain rules that make it compulsory for people to file tax returns and these rules will differ from one year to another. For the current financial year 2014-15, for which assessment will be done in 2015-16, people falling under the following categories, will have to file their returns:

• Individuals have taxable income of more than Rs.2,50,000 p.a.
• Senior Citizens (60-80 years) have taxable income more than Rs.3,00,000 p.a.
• Senior Citizens (80 years and above) have taxable income more than Rs.5,00,000 p.a.

How to pay tax?

Earlier, filing return and paying tax was a tedious process and the long process itself prevented many people from completing their duty. But, now, the process has become easier as everything can be done online these days.

Benefits of paying tax online:

• The tax payers, can now remit their taxes and can file their return from any location at any time through their net-banking account
• Instant transfer of money from the bank account will happen
• The details written by the e-Challan will directly reach the Income Tax Department and the banks will not engage in any data entry
• The payer can save/print the Challan copy and also the copy of the receipt
• As soon as the bank authorizes the payment, the individual will receive a tangible and clear counterfoil/receipt from the bank.
• Transaction ID will be readily available to the individual through his bank statement, which will help for future reference.
• In addition, as against conventional method of tax payment, the payer can check online, whether the money has reached the IT department.

Banks offering e-payment facility:

People holding account with about 26 banks in India can make online payment of tax easily. Some of the popular banks include ICICI, SBI, Indian Bank, IOB, HDFC Bank, IDBI, etc.…..

How to pay income tax online?

Here is the step-by-step procedure:

1. The first thing the individual will have to do is to open a net-banking account with any 26 authorized banks in India.
2. Then, he will have to visit www.incometaxindia.gov.in and should click on the option called ‘pay taxes online’, which can be found on the left side of the website as one among the many links available.
3. Then, the online Challan is to be filled out and appropriate help for entering details in this Challan can be found in the FAQ section of the website.
4. Then, the tax payment should be made through net-banking account online.
5. Once the payment is done, he will see a Challan counterfoil instantly on the screen and it will have a number called Challan Identification Number or CIN Number. This number should be quoted when filing online return. So, the individual can either print the counterfoil or he can also save a copy of the same on his computer.
6. It will be possible to check, whether the payment he made has reached the income tax department at https://tin.tin.nsdl.com/oltas/servlet/QueryTaxpayer under CIN based view option.

Like ‘pay taxes online’, there will be an option called ‘file returns online’, wherein people can complete their income tax file return responsibilities easily.

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Know these Facts Before Taking a Health Insurance Plan

There are plenty of health insurance plans offered by various companies. Sometime you get confused choosing one of them.
Hence, we wrote an article to help you choosing a right kind of insurance plan for you and your family.
So you must avoid buying a wrong policy and regret later. Consider following facts before you zero in for a particular insurance plan from a company.

Before You Choose a Company Check its Track Record

Before you choose a health insurance plan always check about the company. Establishing credentials of the company is very important before you buy a plan.
You have to find out the percentage of successful claim disposal of their insurance policy. Find out about complains about the company in the consumer courts.

Read:- Top 15 Reason Your Insurance Claim May Get Rejected

Choose Between a Public and a Private Health Insurance Company

Make a decision between choosing a public or a private insurance company. I suggest you to go for a government insurance plan because they are more stable and successful disposals rate is very high.
If you don’t like government companies then you could go for private company if they have something great to offer.

Determine the Flexibility of the Insurance Policy

Any insurance plan health or life, must be flexible. If some unforeseen event happens then company must be ready to change its policy to suit your need.
Although a company does not change its policy so easily however you should determine the flexibility of insurance policy. Your insurance policy must be flexible.

Calculating Premium of Health Insurance Plan

Formula to calculate a premium remains same however few factors can change while a premium is charged. Some factors like sum assured that is number of time you have used a policy.
You can talk to your insurance agent and find more information about it.

What is the Highest Possible Cover offered by the Insurance Company

Always go for the highest possible cover offered by the insurance company. The inflation of health care sector is over 15% and more and more people are at the risk of getting new kind of diseases.
Insurance sector works on assumptions and probability so always go for the highest possible cover. When you grow old it will be helpful for you.

Ascertain What is Covered and What is not

Check out for the scope of cover in senior citizens plans and the list of all exclusions in the standard health insurance plans.
This will help you to zero in for a particular insurance plan after you know its advantages and disadvantages.
Read:- What is Term Plan in Insurance & How to Choose Best Term Plan

Number of Hospitals and Doctors Available for the Insurance Company

You always went to doctors and paramedics to treat you. You don’t want to be mishandled by some new doctor that you don’t know.
Therefore always find out whether the company has a hospital near your home and you know the doctors and other staff very well.
Hence find out about the hospitals and doctors available.

Whether there is Long Term Increase in Premium after 45 Years

Normally all insurance companies increase their premium rates once you cross the age of 45.
This has been a general trend that insurance companies do increase their premiums. It could be great burden for you if you don’t have any other income.
Hence understand for long term increase in premium.

Check No Claim Bonus or any Discount

If you have not claimed any insurance in the policy year then you might be entitled for getting bonus or some discount on premium for next year.
It is known as no claim bonus or discount. Therefore always check whether the company offers no claim bonus or discount in some other form.

Making a Decision for Paying Before or While using Services

You all know a policy having high premiums have low deductibles and co payments however on the other hand policy with low premiums have high deductibles and high co payments.
Hence, it is on the policy to decide whether he is going to pay before the service or while he or she is using the service.

Go for Most Probable Healthcare Needs

You have to choose your plan according to your need. There cannot be plan that is going to fit all size.
The requirement of an individual is different than of a group of people. You have to brainstorm and figure which one you need the most and choose a plan according to it.

Always Read What is in the Fine Print

Read what is in the fine print. If you have any doubt the ask questions to your agent or the bank.
Some clauses written in the fine print could be difficult to understand and you need help from the company itself.
So these were some facts that you must know before you choose a health insurance plan. There are many other tips but I mentioned few important ones here

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Top Mobile Phone Insurance

Top Mobile Phone Insurance Companies in India

There are few good mobile phone insurance companies in India. Most of them are new startup and are not very popular.
Although the company you buy your mobile phone from provide you with some warrantee but most of them are for only a year long. After that if you mishandle or lose your phone then you are responsible.
Recently I bought an iPhone 5S and after doing the enquiry about the insurance, they told me Rs. 1700 for first year and I need to get the insurance within 2 days of the purchase.
The price of my iPhone is Rs.41,000 so premium comes around 4% of the mobile cost. But its not the case with all the companies. Many of the companies offer for as low as 1-1.5% of the total cost or Rs.15 to Rs.20 per Rs.1000 for the first year.
If you are buying a high end mobile or other gadgets then you need an insurance company that can cover you for a longer period. This insurance covers any type of software damage, physical damage, loss or theft of mobile.

Top Mobile & Gadget Insurance Companies in India

Hence, we jot down a list of few top mobile phones insurance companies in India. Here are they-

1. New India Assurance Company

The first mobile phone insurance company is New India Assurance Company. Although the company is owned by Indian government and it provides insurance for all other purposes like personal, Medicare, motor etc but is also provides you with mobile phone insurance plan.
Now how do you get your mobile phone insured with New India Assurance Company?
Well Nokia in collaboration with New India Assurance came up with a scheme for mobile users in India. The plan is fixed premium is only Rs 50/- and the rate is around 1.25% of the price of the mobile phone.
This scheme by the company would cover loss, theft, malfunctioning and damage of the phone.
For more information, visit the page http://newindia.co.in/Content.aspx?pageid=57

2. SYSKA Gadget Secure

SYSKA Gadget secure is a private mobile phone insurance company. According to their premier offering you get covered for everything like theft, damage, fire and water or moisture.
As per the cost of your phone they have 5 different plans for Samsung mobiles only.
For price between Rs 4000 to Rs 10,000/- you can go for Rs 599/-. Similarly for other four plans

• For Rs Rs 399/- for less than Rs 4000/-,
• For Rs 10001 to Rs 15000/- plan is Rs 899/-,
• For Rs 15001 to Rs 25000/- plan is Rs 1299/-,
• For Rs 25001 to Rs 90000/- plan is Rs 1999/-

Moreover it also gives antivirus solutions and free pick/drop of your gadget from your home.
For more go to www.syskagadgetsecure.com

3. On Site Secure

Third company is On Site Secure. A private company that covers for your mobile phone. The company was established in the year 2010 and located in Mumbai.
It has plans for various price ranges like

• For Rs 1 to Rs 7000/- plan is Rs 599/-,
• For Rs 7001 to Rs 13000/- plan is Rs 799/-,
• For Rs 13001 to Rs 20000/- plan is Rs 1099/-
• For Rs 20001 to Rs 30000/- plan is Rs 1799/-,
• For Rs 40001 to Rs 50000/- plan is Rs 2799/-,
• For Rs 50001 to Rs 70000/- plan is Rs 3499/-,
• For Rs 70001 to Rs 100000/- plan is Rs 4899/-

So these were some of the plan for mobile phone users only. There are other insurance plans for gadgets like laptop, tablets etc. You can visit the website and find out more.
Visit www.onsitego.com

4. Gadget Cops

The last company in our list is Gadget Cops. It was the first company in India to start insurance for mobile phone users in private sector.
Company covers for accidental damage (2 years), liquid damage (2 years), mechanical and electrical faults (2 years) and other value added services.
For more information visit www.gadgetcops.com
So these were 4 mobile phone insurance companies in India. You can consider one of the company if your mobile is worth more than Rs.15,000/-.

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Insurance for your Mobile Phone?

Do you Really Need Insurance for your Mobile Phone?

Do you really need some kind of insurance for your mobile phone? Well the answer is yes if you are using Smartphones like Samsung Galxay S5 or Apple iPhone 6 or any other Smartphone.
However, if you use normal phone like lower models of Samsung, Nokia, Micromax which cost less then Rs. 10,000 then you need not to go for insurance.
A Samsung Galaxy S5 or an Apple iPhone 6 could cost you over Rs 50,000/- and you cannot afford to lose one.
Hence, I wrote this article to give you an understanding about mobile insurance. Whether you need insurance or not you can decide after reading this article.

Why You Need Insurance for Your Mobile Phone

Do you think you need insurance for your mobile phone? Well I do believe it is important to insure your mobile phone for many reasons. Here are some of the reasons:

1. Theft: The main reason you need an insurance plan is because most of the mobile phone are stolen. It is estimated that over 2 million phones are stolen every month in this country.
The problem is that its difficult to recover your stolen phone because thieves sell it second hand to someone else in the market. They take out the SIM and pass it on to others in the market. Hence, insurance can cover the loss.
It is said that the market for second hand mobile phone in India is over Rs 500 Crores. The main reason to get insured is because of theft.
2. Physical Damage: Even if you buy a new brand phone, you will not be provided with warranty on physical damage. Most of the high end mobile phones like Samsung Galaxy Note, iPhone 6, HTC Desire etc. are more than 4.5 inches and its very difficult to handle them properly.
There may be many occasions like improper handling, fall from a table top or others which can cause your mobile to damage physically. Repairing expenses of these mobiles are very high.
So your insurance can cover the complete cost of repair.
3. You lost your mobile to some public place: Its very common that you went to a party or another public place where you kept your mobile out of your pocket but forgot to take it while leaving that place.
Now there is rare chance to find your mobile on the same place if you are late. Millions of people lose their mobile because of this reason and unable to track their lost phone even after having all the important details of the mobile.
If your mobile is insured, you don’t need to worry. Your insurance company will provide you with the full refund of the cost of the mobile.

Steps for Claiming Your Mobile Phone Insurance

Now let us know brief steps how you can claim your mobile phone insurance.
Step 1: First step is to register a FIR at your local police station that your phone is stolen. (Although there could be other reasons but most of the cases are about theft).
Step 2: Get Your SIM blocked by your network provider and get SIM Barring proof. If you do not get SIM barring proof then get at least SIM change subscription bill
Step 3: Keep your mobile phone purchase bill ready as a proof of your ownership.
Step 4: After completing formalities with your insurance company ask your seller whether he has taken responsibility to choose your compensation plan.
Step 5: Last and the most important thing is that all the steps must be taken within 48 hours of the loss of your phone.

What is all Covered Under a typical Insurance Plan?

We know theft is covered under a typical insurance policy by any company. But we also look at some other unforeseen situation where you can claim your mobile phone insurance.

1. Theft – We all know about it because it is number one cause for insurance
2. Fire or any Arson
3. Accident – Broken in an accident like car crash
4. Riot, strike, terrorist attack and other damages
5. Some other unforeseen circumstances

An insurance plan by any company covers above mentioned situations.

What is Not Covered Under a Insurance Plan?

We know what an insurance plan includes. But you also need to know what it will not cover. Hence, you should not expect anything for following situation.

1. Mobile Phone is mysteriously disappeared
2. Theft should be from car which is closed if not no insurance
3. If you have given your mobile phone to others for lending then you are not covered
4. Electronic and mechanical Breakdown
5. If your mobile phone is opened and being operated on by others
6. Damage because of falling into the water or a scuffle with someone
7. If your phone is damaged or banged on floor by your 4 year old kid

Remember you are not covered for above mentioned situations.

Premium Rates of an Insurance Policy

Before we talk about some of the great mobile insurance plans in India you need to know the rules regarding premium rates of some of the insurance policies.
Today the premium rate for mobile insurance policies will be around Rs 15 to Rs 20 per Rs 1000. Yes this much you need to pay.
For example you bought a new Samsung Galaxy S5 for Rs 50,000 and you want to insure for all of the Rs 50,000 then you need to pay Rs 750/- to Rs 1000/- for the full amount.
However premium rates could differ from insurance company to company. So you need to know about the insurance company and its premium.
After reading this you can insure your mobile phone.

Top Mobile Insurance Plans in India

Now let us look in details some of the best mobile insurance plans in India. This will give you a wide variety to choose from. You can see some of the Indian insurance companies here.
Here are some of the best known insurance plans in India. Some of them you know and some may be new to you. So here are they.

Samsung Mobile Insurance

Samsung mobile Insurance plan is valid for only two models, one is Galaxy S3 and other is Galaxy Note 2. According to the plan you get covered for things like technical fault, breakdown, loss or theft, moisture or water etc. Either you get repaired or replaced.

Nokia Insurance

Second insurance plan is from Nokia. Nokia in collaboration with New India Assurance has come up with the mobile phone insurance plans.
The premium is fixed for only Rs 50/-. It covers things like loss, theft, damage because of daily use and malfunction of internal components. There is a pick and drop facility restricted to few cities only.

Apple Care

Under this plan you get a warranty of one year and 3 months of technical support. There is additional protection plan with extension of two years from date you bought the phone.
Although there are few iPhone users but there is insurance plan by Apple.
There are many other insurance plans but I mentioned only 3.

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10 Mobile Apps to Save Money

Technology really can help you saving a lot of money. And apps are designed to do exactly that. Here we have listed 10 apps that can help you in saving money.
We have covered all the areas like shopping, taxes, phone bills, stocks etc.
So here is the list.

 

1.     Money Lover

The App is For:  If you want to stay in your budget then Money Lover is the best app for you. You can easily manage your daily finances with this app. You can manage your daily expenses on food, grocery, travel, accommodation, entertainment etc. App could be downloaded for free.
Platform Available On: Android, iOS

Download the App: https://moneylover.me

2.     Delight Circle

The App is For: Delight Circle app is created for making best use of shopping discounts. The app looks for discounts on various brands, shopping stores and restaurant. It also looks for offers on grocery, clothes and gadgets. Now delight circle is migrated to Save Zippy.
Platform Available On: Android
Download the App: www.savezippy.com

3.     My Tax India

The App is For: As the name suggest My Tax India app is for doing your taxes. Tax rates are quite high and you want to save money. This app could help you from not only saving money on taxes but also not paying an accountant. The app would give complete technical analysis through graphs and other tools.
Platform Available On: Android, iOS
Download the App:  www.mytaxindia.com

4.     Viber and Skype

The App is For: Although I didn’t need to mention these two apps but still it is important to talk about them. You know how to use these two apps. It saves you a lot of money on phone calls. Similarly there is other app known as Whats App. Reduce your phone bills with Viber and Skype.
Platform Available On: Android, iOS
Download the App:  http://www.skype.com and http://www.viber.com

5.     Coupon Sherpa

The App is For: Coupons are of great value, you can save thousands of rupees every month if you know about a coupon app. I know one app named Coupon Sherpa. With this app on your mobile you can get coupons for retailers, restaurant and other stores. The coupon Sherpa is free to use.
Platform Available On: Android
Download the App:  www.couponsherpa.com

6.     Onavo

The App is For:  Onavo is a great app for checking data plan on your mobile phone. Onavo will help you keeping track of your data usage for a plan so that you don’t overuse it. It will give you alerts if you are using more data than required. You can save a lot of money on bills every month. You need to pay to use this app.
Platform Available On: Android, iOS
Download the App: www.onavo.com

7.     Expense Manager

The App is For: Expense Manager is just like Money Lover. It will help you to organize your daily budget. But the difference is Expense Manager will help you generating accurate reports and it is not free like Money Lover. You get a free trial then you have to pay.
Platform Available On: Android
Download the App: www.expense-manager.com

8.     My Smart Price

The App is For:  My Smart Price app is great for people who shop online. Online shoppers can save a lot of money with this app. You can compare prices from 30 different ecommerce sites and choose the best deals for you.
Platform Available On: Android
Download the App: Go Here

9.     Money Control Stock Watch App

The App is For: Although there are many other apps for keeping an eye on stocks but Money Control has the best one. If you trade then you can use MoneyControl’s app to follow stocks every minute as market moves.
Platform Available On: Android, iOS, Windows, Symbian
Download the App: http://www.moneycontrol.com/apps/Android

10. Happy Hours India

The App is For:  The last money saving app in our list is Happy Hours India. This app is exclusively created for getting best deals on food and drinks in your city. The app is free to use.
Platform Available On:  Android, iOS
Download the App: a For iOS and For Android
So these were some of the apps for saving money. There are many others like Mint, bill tracker, Shop Kick etc but for Indian users above mentioned are the best ones.
For downloading the apps visit their given website.
Read here to get various easy ways to save money  

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Better Ways to Make Money Online from Home Without Investment

Ways to make money online is one of the most searched query on internet but still many of the people do not get a clear idea on how to earn money online.
Do you know what are the biggest problems when you try to search for make money ideas?

• First, either you find an article on a popular site showing legitimate ways to make money but not giving any detailed guidance or training on how to start the same.
• Second, you find a scam site like Bharat Online Work showing you some of easiest but useless online jobs & asking for money to send you a CD package.

So both of the sites are useless because your actual problem of earning money from internet is not solved.
But that will not happen here on our website MoneyConnexion because you will find 3 main things here-

1. We will show you all the genuine, well researched & real money making opportunities.
2. We have developed one of the best training package which will guide you in a simple & step by step methods to work on these online jobs.
3. And yes, everything is FREE & Without Investment.

More than 70,000 people have used our free training & are making part time or full time money from home.

So if you want to earn money online then read about the 10 best opportunities & then decide which one is better for you.
And then you can signup for the training package which will help you to work on these online jobs.

Top 10 Ways to Make Money Online

Just check here the top 10 ways which are most common & people talk a lot about them to make money online. This article will use a rating system for each option in terms of trust, earning potential as well as in in terms of simplicity of the program.

1. Earn money by reading ads

Can you believe, you can earn money by clicking & reading ads? Yes, this is 100% true & there are many sites where you can signup, view ads & earn some extra income.
I myself earn $400-$700 per month from few sites. You can see one of the video below where I am showing my earning from one of the site.
If you want to earn from this, then you can check these top PTC sites with complete details to earn money by reading ads & how to grow your income.

Trust Rating: 7/10
Earning Potential: Not much. Good for part timers only
Simple or Hard: Very Simple. Even a 10th class boy can do this.

2. Earn with Google AdSense

This option comes on the top of my money making list. I make 6 figure income in INR every month from Google AdSense. You can see one of the latest payment proof below-

AdSense is simply the best earning opportunities on internet and no one can deny this fact. In fact, earning from AdSense was never so easy as you can earn today.
What you need here is a simple blog or website where you can write & share your knowledge & experiences with the world.
You can apply for AdSense account & place 3 AdSense ads on each & every page on your blog. When people visit your website & click on any ad, you will earn minimum Rs.10 to Rs.50 depending on your topic.

Trust Rating: 10/10
Earning Potential: Great! People Earn from $100 to $10000 or even more
Simple or Hard: Not very simple & not very hard. Everyone should try this.

You can refer this post on Google AdSense to learn more about this.
We have created one of the best AdSense guide which gives you complete understanding in a very simple way. You can signup here to get it free.

3. Make Money with Affiliate Marketing

I don’t have to convince you to show the growth of online shopping in India. Flipkart, Amazon.in or Snapdeal is not the only ecommerce portals, people are shopping online from.
There are more than 500 sites in India or thousands of sites all over the world where people buy things online.
Do you know all these sites offer you a way of making money online? That system is known as affiliate program.
If you signup affiliate program of any shopping site and then refer someone to that shopping site, you can earn minimum 4% to 15% commission.

Although it looks simple but there is a perfect way, you can start this online business. Millions of people from all over the world make money from number of affiliate programs.
Our training package will show you the complete ideas & all the tricks to become successful & earn lots of money from affiliate marketing.

Trust Rating: 9/10
Earning Potential: Great! No limit for income for super affiliates
Simple or Hard: It’s a bit hard but don’t worry, our training will help you a lot.

4. Make Money on Fiverr

If you know anything that can be useful for other people then you can make money from Fiverr. People sell many different types of services on Fiverr & earn $5 from each sale.
Anything related to graphics & design, advice or consultancy, data entry, virtual assistance, music & videos, programming, writing, marketing, business or hundreds of other things you can do on Fiverr.
It does not take more than 15 minutes to complete 1 order and if you receive even 1 order per day then you can make $150 (Rs.9000/-) per month.

Trust Rating: 9.5/10
Earning Potential: There is a great potential of earning for experts.
Simple or Hard: Its very simple because you are doing only what you know.

5. Earn from online surveys & Smartphone apps

Here I am going to tell you about 2 ways of earning online & that is by completing online surveys & by installing apps in your Smartphone & completing different tasks.

I have already written detailed articles on both of these earning methods so you can directly refer this link below-

• 10 Things Everyone Want to Know About Online Surveys
• Top 20 Free Paid Online Survey Sites
• Make Easy Money from 20 Android Smartphone Apps

Trust Rating: 5/10
Earning Potential: Not much. But you should try because some people earn good & some little. Many sites ask for registration fee for the same sites, I have provided above.
Simple or Hard: Its easy to work. You can signup from the above menu so that we can provide you more similar sites.

6. Earn Money as a seller

There is another way you can use online shopping sites as a way to make money online. And that is by becoming a seller.
Do you know, thousands of sellers on sites like Flipkart, Amazon or others started selling first time in their life.
Neither they sold anything before nor they had any product. So don’t worry if you are one of those because first thing you need to decide is “Yes, I want to sell online”.
You can roam around local market in your city & check some of the popular & reasonable priced items that is not easily available in other places.
You can also do the research on shopping sites for prices, response etc. before joining as a seller. Then you can list your item on these top shopping sites & make money by selling this.

Trust Rating: 8.5/10
Earning Potential: Depend on your product, margin, response & no. of sites you join.
Simple or Hard: Moderate

7. Earn Cash with Micro Jobs

There are dozens of sites that provide micro jobs. You can become a micro worker & make money by doing simple & short tasks. One of the top site on this list is mTurk and other are MicroWorkers, ShortTask etc.
Example of some of tasks are-

1. Write a comment or give rating to a webpage, a video or app
2. Search something from Google
3. Find contact details of sites related to a particular brand
4. Complete a short survey or write a small article
5. signup on a particular website or install an app
6. Transcribe audio
7. And many other things

Trust Rating: 7/10
Earning Potential: You can earn $100 to $400 in part time.
Simple or Hard: Simple

8. Make Money through Freelancing Sites

Freelancing sites is again one of the good way to earn income but its not a cup of tea of every person. You need to have some skills before you could decide to join any freelancing site.
There are many top freelancing sites where you can signup and start earning. You can do any job which can be delivered online on these sites. Things like software coding, creating websites, internet marketing, writing, Photoshop jobs are some of the things you can do on these freelancing sites.
Here is a list of top 10 freelancing sites where you can join and start making money.

Trust Rating: 8/10
Earning Potential: Good but you can’t make millions with freelancing jobs..
Simple or Hard: Easy for those who posses skills.

9. Make Money on YouTube & Facebook

Now a days people search if there is any way to make money from YouTube or Facebook. These sites are the most used sites on internet and so the potential of earning money from these sites.
Program like YouTube Partners can earn you some handsome money by uploading videos on YouTube. There are other ways as well to earn money from YouTube.
Can you believe a 1 minute funny video ‘Charlie bit my finger’ has earned more than 1 million dollar to the person who has uploaded this video in YouTube.
Similarly, there are many ways you can earn using Facebook. Just check this article which will show you many similar ways.

Trust Rating: 9/10
Earning Potential: Average for average people & unlimited for smart & hard worker.
Simple or Hard: Easy for some and little difficult for some

10. Make money by entering Captchas

As internet is growing, there is a huge demand for online captcha entry jobs. Capthca images are used to prevent automatic software to access a webpage.
So when these software access the sites & find the captchas, they pass on these captchas to the captcha solver & once they enter captcha, the software can access the site.
You can also become a captcha solver & earn some extra income by working 2-4 hours a day. You can find here some of the best sites where you can join & start earning.

Trust Rating: 6/10
Earning Potential: For people who are looking for extra income upto $200 a month.
Simple or Hard: Simple but you spend more time & earn less.

Conclusion

These were the most common ways to make money online but these are not the only ways to earn money but you can find many other ways. But yes, if someone is looking for the ways, then these top 10 options are the only way to begin.
We will write about more such money making programs and the best tips & tricks you can use to work on these programs.
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