Police - Important Numbers

The following are the important numbers related to the Police Officials -

City Main Police Control Room - 040 2785 2333
Cyberabad Police Control Room - 040 2785 3418
B Prasad Rao(City Police Commisioner) - 9490616000
Surendra Babu(Additional Police Commisioner, Traffic) - 9490616127
K Narsimha Reddy(Additional Police Commisioner, Crime) - 9490616002
Prabhakar Reddy( Cyberabad Commisioner) - 9490627333
Munni Swamy ( DGP, Traffic) - 9490617205
Surya Prakash Rao( DGP, Crime) - 9490617204

These numbers are last updated as of Feb,2009.

Mutual Funds - Saving Tax

Mutual funds explained with some comment on how to save tax.

• ELSS = Tax Saver (Saving) Mutual Funds (Schemes)
• You can invest upto one lakh in any ELSS scheme.

1. You should check if you really need to invest one lakh, because in all probability, your employer is already deducting PF from your salary.
2. In that case, your investments should be: 1 Lakh - (monthly PF deduction x 12)
3. PF = Provident Fund = Govt’s way of making people save from their salary.

• This investment gets locked for 3 years (lock in period = 3 years).

1. That means that if you invest Rs. 3000 today, you will get it back only after three years from today.
2. That also means that if your are doing an SIP of Rs. 3000 every month, the three years are counted for every 3000 from the month they were invested.
3. SIP= Systematic Investment Plan = Fund’s way of saying “please invest in us regularly at a definite interval”.

• Lock in period of 3 years is good, why?

1. …because that ensures that people can’t take out money for at least next 3 years.
2. … and that makes it easy for the funds to make more money for you.
3. … also this is better than locking your money away for 5 or 7 years (in other schemes - don’t worry about them if you don’t know).

• Which fund to choose?

1. Choose a fund (search now: http://search.yahoo.com/search?p=elss+funds) that has: -> a decent asset size and

-> and good two years performance (look at the rate of return in the last two years)

• Frankly, every fund company has two or three Tax funds (or may be just one)
• It’s better to keep your folios tight and invest in a Tax fund of the company where you already have funds.
  Reason: tax funds generally are better than any other tax saver investment, so you should really not worry about choosing, too much.
• Which option to choose?

1. Choose growth option. Don’t choose dividend re-investment. That’s because you really don’t want any more money to get locked again for three years.
2. So if you choose dividend re-investment, and the fund declares a dividend of Rs. 500 at the 29th month after your investment, that Rs. 500 per unit will get locked for three more years.
3. In effect, you will get back the re-invested money after another 36 months (in case the Govt. keeps lock-in as 3 years).
4. So, you get back the dividend money after 29+36 months of your original investment.

• Options: Growth - this means that you won’t get any dividends, but your fund’s NAV will increase intrinsically with dividend declarations.
• Options: Dividend Payout - this means that a dividend declaration will give you back cash in your account. Some times this makes sense.
• Options: Dividend Re-investment - Any declaration will buy you new funds for whatever money you might have got paid. Stay clear of this one.
• NAV: Net Asset Value - Fund’s way of saying “my one unit will cost you this (NAV) much.”
  

The best way to invest is using an SIP.

• During April, calculate what your PF amount is (assuming your appraisal and stuff is over).
  Multiply that by 12 and then deduct it from one lakh. There you go, you have an investment figure - X.
• Divide X by 12, and decrease another figure Y from this new Z = X / 12.

1. This Y depends on your age. Y is directly proportional to [Your Age - 28].
2. Y is the money you should invest in a fixed return investment (like Fixed Deposit, National Saving Certificates or Public Provident Fund).
3. Y is totally your call, but should be quite less than Z.
4. Your total fixed return investment becomes Y x 12, and ELSS investment is (Z - Y) x 12.
5. Your SIP should be for an amount of (Z - Y), starting in April.
   

How does a lie detector work?

Lie detector, also knows as a polygraph, is generally used using interrogation by police.

The instrument works by recording our physiological functions such as blood pressure, heartbeat, respiration and perspiration. A pnuemograph tube is fastened around the subject's chest and a blood-pressure-pulse cuff is strapped around the arm. Psycho-galvanic skin reflex (electro-dermal response) and flow of current between different parts of the body are also measured.

Sensitive electrodes are used to pick up the impulses which are recorded on a moving graph paper. The parameters are recorded when a suspect answers questions put to him by an operator. The data is then used as a basis for deciding whether the person is lying or not.

When a person lies, the graph deviates from the normal shape in one or more of the body functions. Such changes occur due to our emotional response to telling a lie.

While most of the questions asked are interrelated, some are included to improve the test's accuracy. The questions are usually answered in ‘yes', ‘no' mode only.

The modern polygraph was first constructed in 1921 by John a. Lagoon, a medical student at the University of California, along with a police officer. His instrument was capable of continuously recording blood pressure, pulse and respiration. As it recorded these conditions simultaneously it was called a polygraph. Though this has been in use since 1924, it has not developed into a complete fool-proof system and is yet to be accepted judicially.

Formula to calculate loan emi

I hope this will be useful for those applying for loans.

Calculate your EMI using the following formula.

E = P x r x (1 + r)^n / ((1+r)^n -1)

Where P is the loan amount you have applied.

r is the rate of interest per month.

(If your interest rate is per annum or per day, convert to per month.

For example

if rate of interest is 2% per month, r = 2.

if rate of interest is 13% per annum, r = 13/(12*100) = 0.0108333333333 )

n is the tenure in months(duration u want to completely pay back the loan).

E is your monthly emi.

Please note that actually in addition to calculating the emi for your loan with value P equal to the loan amount you have requested, the banks will take the processing charge of x% of P, some fees for stamps, say Rs.y/-. Also please note that if you have signed any insurance form while signing the loan agreement, some extra z% of P will be added to E.i.e. your monthly emi. and Let L is the loan amount you will receive finally.

Therefore L = P - (x% of P + y + if there are some extra charges)

E = E + z% of P.

Things about our bank account–must know

I got this as fwd mail from my friend, thought of sharing it………………..

SALARY accounts usually offer zero balance, free demand drafts, free international debit cards and a lot more and these are not applicable on regular savings accounts. But when you leave (the company) you leave its perks behind. A lot of people don't know this and this results in some unpleasant surprises.

One such troubled salary account holder, Geeta Rao, reveals, "I had a salary account in a leading private bank. When I left the company, I stopped using the account but did not close it either. Two whole years later, when I deposited a cheque in that account, a hefty fine was deducted for not maintaining the Rs 5,000 minimum balance. So my cheque amount of Rs 6,500 was reduced to a mere Rs 500. Apparently, my salary account had been converted into a savings without my knowledge."

So if you have a salary account, then this is what you should look out for:

- The fine print
I personally don't know anyone who reads the fine print on application forms. Yet, this small and common negligence is a big mistake. The account opening form (for salary account) of ICICI Bank clearly states that if no salary gets credited into your account for six months, the bank will convert your account into a savings account. The bank is not obliged to inform you about this.

HDFC Bank also maintains that since the agreement of salary account is between the employer and the bank they needn't inform the employee.

Not all banks have this approach. Says Sanjay Silas, VP – retail banking, UTI Bank, "The bank informs the client and the corporate in case the payroll special scheme is discontinued due to non credit of salaries."

- The charges
The biggest repercussion of your salary account getting converted to a regular savings account is the maintenance of minimum balance. If you fail to do so, the bank will levy charges.

Here is a look at some of the charges:

Charges Amount (approximate)

Non maintenance of minimum balance Rs 500 to Rs 750 per quarter

Debit card fees Rs 99 per annum

Cash transactions at branch if minimum balance is not maintained Rs 60 per transaction after first 9 months

Non IVR calls to customer care if minimum balance is not maintained Rs 50 per call

Cheque books if minimum balance is not maintained Rs 5 per cheque leaf



A warning: a low balance account that is continuously hit with charges may run to a negative. That's what happened to Geeta. When she deposited the cheque, the negative balance ate into her cheque amount.

Why does the flow of ink increased when pens are about to run out of ink?

When the pen is full of ink, there is very little space for air inside the pen, so while writing the ink gradually oozes out through the cut in the nib. This leads to a very weak vacuum inside the pen. So the outside air tries to enter the pen and holds the ink from flowing out freely. This ensures a smooth flow of ink.

As the ink runs out and when there are only a few drops of ink the air column inside the pen is no longer isolated from outside the air. Hence the outside air can enter the pen freely and there is no difference in air pressure. Thus the force acting on the ink will be only the gravitational pull and so the ink begins to drain out.