Indian Money Dot Com Review Bangalore | Financial Advisers

https://indianmoneycomplaints.blogspot.com/

08042687207

https://indianmoney.com/articles/indianmoney-review--file-complaint-on-money-transfer-to-wrong-bank-account

Wednesday, December 12, 2018

IndianMoney Review - File Complaint on Money Transfer to Wrong Bank Account

Reason for wrong transactions

1. Remitter types wrong bank account number or IFSC code.

2. Wrong transactions can also take place due to technical glitches at the bank's end. If the amount has been credited to the wrong bank account due to bank error or technical glitches, the responsibility of rectifying the error lies with the bank.

IndianMoney Review: File Complaint on Money Transfer To Wrong Bank Account

According to the Reserve Bank of India’s guidelines, it is your responsibility to provide the correct bank account details of the beneficiary, while making payment. In the case of the wrong transfer, you will be held liable, not the bank or any other person. Without taking approval of the beneficiary, the bank will not be able to reverse money transactions from its end. Indian Money reviews say that banks can only act as a facilitator.

What to do if you transfer money to a wrong bank account?

Inform the bank

If you have typed the wrong bank account number while transferring money and the account number you entered does not exist, the amount will be reversed back to your account automatically. Indian Money Bangalore asks you to cross check the account details before clicking the send button.

In case there is a valid account number, the transaction will take place and the amount cannot be reversed without the beneficiary's approval. In such a case you need to contact the bank as soon as possible and tell them that the money has been transferred by mistake. If the recipient has the account in the same branch, the bank will contact the recipient on your behalf and request a reversal. If the recipient account is in some other bank or branch, the bank will help you by providing the contact details of the beneficiary or will help you get in touch with the branch manager.

Meet the branch manager and raise a complaint

If the recipient bank account is at some other bank or branch, only the bank where the recipient holds the account can resolve the issue. All you have to do is meet the branch manager personally or send him a mail requesting necessary action to be taken.

Indian Money review Bangalore says that you need to attach the screenshot of the transaction as proof.

How to avoid the wrong money transfer?

As per rules, it is the responsibility of the remitter to provide the correct bank account number and IFSC code. So, you must be cautious while typing the bank account details.

Indian Money review asks you to cross check the account details before clicking the send button.

If you want to transfer large amounts, it is advisable to transfer a small amount first to verify the account.

You must transfer the money only if you are sure that the account details are right.

https://indianmoneycomplaints.blogspot.com/

08042687207

https://indianmoney.com/articles/indianmoney-complaints-compare-ulip-plan-review-and-benefits

IndianMoney Complaints - Compare ULIP Plan, Review and Benefits

Unit Linked Insurance Plans or ULIPs are insurance cum investment plans. ULIP offers life insurance cover and an opportunity at wealth creation. Part of the premium goes towards mortality cover and the remaining amounts are invested in equity, debt or a mix of both, depending on the type of ULIP. ULIPs help achieve financial goals of retirement planning, investment planning, tax planning and children’s education planning among others.

ULIP is a long-term investment which has a 5 year lock-in period. Insurance agents sell ULIPs promising great return on investments. ULIPs are also marketed as tax saving investments. The purpose of availing insurance is risk protection. Sadly, ULIP offers low mortality cover and insurance agents don’t inform people which is cheating and fraud.

Indian Money review Bangalore say never mix insurance with investments. ULIPs offer low mortality and have high charges. An IndianMoney dot com review says ULIPS deduct premium allocation charges, mortality charges, policy administration charges and some other charges before investing in debt or equity. This reduces the return on investment. IndianMoney complaints say many people are dissatisfied with ULIPs as they get cheated by low returns and hardly any mortality cover.

Indian Money reviews advice availing a pure risk protection plan like a term life insurance plan and invest in equity or debt based on risk profile. If you are an aggressive investor, invest in equity mutual funds or stocks. A conservative investor can look at FDs, post office schemes or FMPs.

IndianMoney Complaints: Compare ULIP Plan, Review and Benefits

Compare ULIP Plans: Reviews and Benefits:

IndianMoney reviews say understand ULIPs before availing them. ULIPs have a lock-in of 5 years. Being dissatisfied with the ULIP means you have to surrender ULIPs. You feel cheated as there are surrender charges.

Insurance agents sell ULIPs to pocket commissions. When you feel cheated and look to exit ULIPs, insurance agents advise surrendering ULIPs and availing Endowment plans. This is churning and helps insurers earn more commissions. This blatant cheating and fraud has brought a bad name to the insurance sector in India.

IndianMoney.com reviews say most of the premiums paid on ULIPs go towards investments, leaving very little for insurance. You would be better off investing in mutual funds regulated by SEBI. It’s difficult to measure performance of ULIPs vs Mutual Funds.

Indian Money Bangalore say never invest in ULIPs if you can’t bear risk. ULIPs are market-linked investments and you could lose money. ULIPs are not a good investment for people with no regular income. Premiums have to be paid regularly unlike SIPs in mutual funds, where you can stop SIPs on not having the money. Surrendering the ULIP incurs surrender charges.

Insurance agents cheating and fraud:

IndianMoney reviews say insurance agents cheat customers saying ULIPs are like bank FDs. Insurance agents say ULIPs are just like bank FDs with the added insurance benefit. Insurance agents say ULIP illustration benefits offer 4% and 8% which are just like bank FDs. ULIPs also enjoy tax benefits vis-à-vis FDs. When customers lose money, this is cheating and fraud.

https://indianmoneycomplaints.blogspot.com/

08042687207

https://indianmoney.com/articles/indianmoney-review-mobile-banking-safety-tips

Tuesday, December 11, 2018

Indian Money Review, Indian money dot com review - Mobile Banking Safety Tips

Mobile banking safety tips: Indian Money Review

Develop the habit of setting a screen lock: IndianMoney reviews say that it is always good to lock your Smartphone with the screen lock feature. This will help keep personal and sensitive banking information safe, if you ever lose your phone. Fraudsters can access all the information stored if you do not lock Smartphone with screen lock. Almost all phones have the screen lock option. You can either set a screen lock pattern or a 4 digit pin.

Set a secure password

If you are using mobile banking, make sure to protect account information by setting a strong and unique password for mobile banking apps. A password keeps your data safe from hackers. Many people keep their name, birthday and phone number as passwords. If you want to keep money safe, your password should be a mixture of small letters, capital letters, and numbers.

Download apps from official app stores

Recently, many fake bank apps have stolen the data of thousands of bank customers. These apps look similar to original bank apps. You must be very careful while downloading any bank apps. Indian Money review says that you have to find out all the information about an app on the Internet, before downloading.

Avoid connecting to the public Wi-Fi

Many people are not aware that connecting to public Wi-Fi while conducting mobile banking transactions, mean hackers can easily steal your data. Hackers can introduce malware into your device through an unsecured connection. As per Indian Money reviews Bangalore, it is not a good idea to connect to public Wi-Fi while carrying out mobile banking transactions.

Have a complaint against any company? IndianMoney.com's complaint portal IamCheated.com can help resolve the issue. Just visit IamCheated.com and lodge your complaint. If you want to post a review on any company you can post it on IndianMoney complaint and review portal IamCheated.com

https://indianmoneydotcomreview.blogspot.com/

08042687207

https://indianmoney.com/articles/indianmoney-review-how-people-are-cheated-by-insurance-agents

Saturday, December 8, 2018

Indian Money Review - How People Are Cheated By Insurance Agents

Insurance agents help you get insurance & they are supposed to sell policies that meet financial goals. As per Indian Money reviews, many agents prefer to sell policies that give high commissions.

Want to know more on Term Insurance? We at IndianMoney.com will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney.com is not a seller of any financial products.

IndianMoney Review: How People Are Cheated By Insurance Agents

These are the ways an insurance agent may cheat you.

You will be forced to buy endowment plans

When you contact insurance agents to avail an insurance policy to protect loved ones, many insurance agents force you to buy an endowment plan. This is because they get a high commission on the premiums paid on the endowment plan. Availing endowment plans to protect loved ones is not a good idea, as it comes with a low mortality cover.

Indian Money reviews Bangalore says availing term life insurance policy is the best option to protect loved ones in case of an unexpected demise.

Agents do not inform on the free-look period

Many insurance agents are very cunning and do not mention the free-look period. Free-look period is a time period in which you are allowed to return the policy, if you are unhappy with it. The free-look period is for 15 days and starts from the day you receive policy documents. Many agents do not talk on free look period and simply say that once the policy is bought, it cannot be returned.

Hidden clauses and exclusions

While selling term life insurance policies, some agents do not mention certain clauses and exclusions. If you do not disclose certain facts which are important, the claims made by your family would be rejected by the insurer. For instance, if you do not disclose smoking habits, your insurance claim will be rejected. As per Indian Money Bangalore, you should not hide anything from your insurer.

Have a complaint against any company? IndianMoney.com complaints portal Iamcheated.com can help you resolve the issue. Just visit IamCheated.com and post your complaint. If you want to post a review on any company you can post it on Indian Money reviews and complaint portal IamCheated.com.

https://indianmoneydotcomreview.blogspot.com/

08042687207

https://indianmoney.com/articles/check-reviews-and-complaints-about-private-lenders-on-indianmoney-com

Tuesday, December 4, 2018

Check Reviews and Complaints about Private Lenders on Indian Money

What are payday loans?

Youth in India love availing payday loans. Payday loans are also called quick cash loans, instant personal loans, and small cash loans and so on. They are availed by young people who have just joined jobs and are not able to manage expenses. It is a small cash loan to meet immediate expenses, availed by salaried people. Many people in their first job avail payday loans. Repayments are made as soon as they get the salary.

Payday loan complaints

You can avail payday loans with bad credit score. If you have a credit score around 600, you could get payday loans with bad credit. Loan amounts range from Rs 10,000 to Rs 50,000. The tenure ranges from 1 month to 3 months.

Indian Money Review tells you to avail payday loans carefully because of high interest rates. Some payday loans say just 0.1% interest a day. Looks a small amount but is it? This is actually 36% a year which is a massive interest rate. You are borrowing at 36% a year. IndianMoney.com reviews encourages you to lodge complaints if you are cheated in payday loans. It would be smart to have an emergency fund to meet unexpected expenses. Borrow only to meet need and not greed. IndianMoney.com tells you the smart way to cut expenses is to avoid needless borrowing. This saves you from the loan trap.

Have a complaint against any payday lender? IndianMoney complaints portal Iamcheated.com can help you resolve the issue. Just visit IamCheated.com and drop your complaint.

If you want to post a review on any company you can post it on Indianmoney.com review and complaint portal IamCheated.com.

Money lender India

A money lender gives small amounts at high interest. People who are desperate for money, don’t get money from relatives and reluctant to access formal banking systems end up victims to fake money lenders. Money lenders in India are governed by the Money Lenders Act and money lenders must have a license.

How money lenders cheat customer?

Fake money lenders cheat laborers, small farmers and poor people and the weaker sections of society by charging exorbitant interest rates. They seize collateral like land pledged and farmers even commit suicide.

https://indianmoneydotcomreview.blogspot.com/

08042687207