Beware of ICICI QAB Charges

ICICI charged me Rs. 827 last week for not maintaining Rs. 10k as QAB (Quarterly Average Balance). 
I am republishing the email i received from icici bank for all of you so that you don't commit the mistakes that i did. There are many hidden aspects to it as seen in the below email.

Dear Mr. Deshpande,

I appreciate you getting in touch with us for clarification on the debit of Rs. 827.00 in your account.

This is to confirm you that the amount of Rs. 827.00 debited from your account on January 19, 2010 towards the charges for non-maintenance of Quarterly Average Balance (QAB) in your account for the quarter ended October 01, 2010 to December 31, 2010

The account that you hold is a ‘General Savings Account’ for which the Average Quarterly Balance to be maintained is Rs. 10000. However the Average Quarterly Balance maintained during that period in your account was Rs. 9945.33

For your reference, please find below the calculation of average quarterly balance

The closing balance in your account on each day for that quarter is added.

The added balance is divided by the number of days in that quarter.

 If the resulting amount is less than Rs. 10000, then charges are levied in your account.

The charge for non-maintenance of QAB is Rs. 750.

In addition to the above charges, the below transaction charges are also applicable for General Savings Account: 

For every new cheque book you request, Rs.5 per leaf will be charged.

The first three cash transactions (withdrawals or deposits) at the branch in a quarter will be free of charge and thereafter Rs.60 per transaction will be charged.

Please also note that Service Tax of 10.30% on the service charges is also applicable on all the above charges.

Should you require further clarification on this, please feel free to get in touch with me, I will be glad to assist you.

Sincerely,

Md Sirajuddin

Account Manager

ICICI Bank Limited

"If you receive an SMS from ICICI Bank with a Unique Reference Number or URN without you having added a new payee in your account through internet banking, report to us immediately. Do not disclose the URN to any stranger, even if the person claims to be our employee"

"Please do not reply to any e-mail that asks you for your bank-account-related information / details. These are called phishing e-mails and are designed with intent to fraudulently capture your bank account and personal details for misuse etc."

Negative time

Science community often wonders:
"why time seems to flow in one direction but not in the other, even though the laws of physics are time symmetric?"


I wonder: 
"why i can eat only positive amount of food, even though the laws of physics are food symmetric (i.e. if you plot food amount on an axis)?"

Ponting looks like going Steve Waugh's way!

Ricky Ponting has really been struggling for the last 2 years. 

He averages just under 38 during last 2 years and that has also brought down his overall average to under 54 now. 

With just 2 centuries in 2 years, he is about to become the only 2^nd Australian captain to lose three ashes series.

Time for ACB to axe him!

We want Google Instant in chrome address bar

Now that Google has launched Google Instant on its India domain as well, I was just thinking that it was of very little use to me personally.

I rely heavily on Google Deskbar (which has been discontinued by Google in a very unfortunate move) and Chrome address bar to search google (or others like ebay, wikipedia etc for that matter) and in both of these options, there is hardly any use of google instant.

Since Google Deskbar has been discontinued by Google, there is no point expecting the Instant feature to be integrated in it. But we have a "happening" Chrome address bar, and chrome is only getting better with time.

I expect Google will certainly add the instant search feature to the chrome address bar in the near future.

Rupee symbol rocks!

Image courtesy: ndtv.com

New Rupee looks promosing, and I'm sure it'll be a great hit.

How to crash google chrome?

1. Install Espn Cricinfo Extension for Google Chrome.
2. Open the cricinfo popup by clicking its extension.
3. While the extension window is open, press Ctrl+Alt+W (The shortcut I use to launch wordweb dictionary)
4. Whoa!...

IRDA sharing investor's contact info?

I just received a call from the number +911149400800, and the telemarketer (caller) told that he was speaking on behalf of ICICI Prudential.
Before he could complete his first sentence, I told him that i wasn't interested in any of his product, and asked him how he got my number.

He said "IRDA" i.e. Insurance Regulatory and Development Authority

Is IRDA sharing or selling our contact info?

खुल्या गटातील महिलांसाठी राखीव?

Sakal has an amusing item as breaking news.
Rough translation: "Mayor's post/seat of Pimpri-Chinchwad Municipal Corp is reserved for women from open [class]"

This implies that the women from the backward class can't contest for the mayor's post; which is not the case.

MNP, Raja, and MMS

Enough is enough. Is there any mai-ka-laal who'll call BSNL/MTNL's and A Raja's bluff?
First they have ruined BSNL/MTNL by not allowing them to expand their capacities by frequently scrapping their plans, and now they are delaying the MNP for eternity. The snakes-and-ladders game of MNP has been going on since 2007.
And all this is happening for the benefit of incumbent (longcumbent?) private operators. (Hare tail and yeda phone)
Why can't our omniscient and omnipotent Mister Prime Minister Man Mohan Singh look into this matter? Why can't he stop A Raja from screwing BSNL/MTNL? Or is he himself saying Chalta Hai?

Airtel Hello Tune Fraud, Charged Rs. 120/- for Incoming Call, Refunded Rs. 114/- on Complaint

While reading this article, I remembered that a similar thing had happened to me in January 2007 Airtel bill.

I activated my airtel postpaid number in Oct 2006 and was very happy with the plan and the number.
I remember that when I didn't pay heed to Airtel's numerous sms's and few calls to activate Hello Tunes on my mobile number 9960XXXXXX, they activated a free hello tune (Airtel's own music) on their own. I didn't have any issue as i was not charged for that service.

But I specifically remember that I had got an "incoming" call (from a 10-digit airtel mobile number) on 31st Dec 2006. When I picked the call, I found it was an IVR call and some recorded message for hello tune was playing. As it was an incoming call, I didn't terminate it and continued listening. But after approx 5 mins I got bored and disconnected it.

I was shocked to find in my next bill, an additional charges of Rs. 120/- (see screenshot) just for listening to Airtel's prerecorded message.

I immediately called 121 and told them that I never sent such sms's, to which the lady replied that I'd made the call to activate the hello tune (and that never activated because i'd not made the call in the first place :-)). I asked her to show the call entry in my itemised bill but she failed to do so. Yet, she insisted i had to pay the amount as she claimed their system never makes wrong billing. Infuriated, I then threatened her of disconnecting the mobile connection without any further payment, and voila she obliged and gave me a refund of Rs. 114/- (see screenshot). Even if that was Rs. 6 less, I thought it's better than disconnecting the connection.

I wonder how many people have been charged for such "incoming calls" as most of the people don't even see their itemised bills.

Such malpractices are not limited to any one mobile operator. Be aware of your mobile operator.
I've more to write on such malpractices by mobile operators and DTH, bye for now.

Idiots

"Yechury clearly said that as Bachan was the brand ambassador of BJP-ruled Gujarat, he cannot be made Kerala's brand ambassador."

What a nonsense reasoning by retarded lefts. Read the article here

How does Google define "gmail"?

This is what Google Chrome's "Dictionary" extension tells.

Learn typing with Firefox

I’d like to share this simple trick, which would assist you improve your typing speed. I’ve been doing this for the last couple of years.

 

First of all, make sure that you have checked the option "Search for text when I start typing" in Firefox 3. (Tools>Options>Advanced>General>Accessibility)

 

Here it goes.

Now just open any web page, or for that matter any page, and start typing whatever you see on the screen without looking down. If you mistype, just press backspace and continue.

 

You can even load a local txt file, or even a directory stucture to practice.

 

Awesome, isn’t it?

 

Drop a comment to tell me whether you liked it or not.

P.S. This also works on Safari, Chrome etc., but Firefox just rocks. 

Reclaiming India - Tarun Vijay in TOI

Most sensible article in recent times in The Times of India.

http://timesofindia.indiatimes.com/articleshow/3333783.cms

Read Tarun Vijay at his superlative best.

Sarkar Ruined

Warning: You are adviced to read this article after you have seen the movie Sarkar Raj as it might spoil your viewing experience. Thanks Raman for pointing this out.

Got to watch the much hyped Sarkar Raj on the very day of its release. All of us were eagerly waiting for it and had very high expectations from Ramgopal Verma bacause of his earlier classic Sarkar. Though Ramu has finely took the sequel off exactly where the original Sarkar left, yet it becomes slower and slower as it moves ahead.

After the death of Shankar (Abhishek) in the part after the interval, the movie appears more like a detective serial much like CID on Sony or the Byomkesh Bakshi in the old DD days, where Amitabh ‘cleverly’ solves the ‘Shankar Murder Case’.

Anita Rajan (Aishwarya), who comes all the way from London to explore a business opportunity (not like the Quest or Amway J) in Maharashtra, obviously doesn’t know about the political equations there. But all of a sudden, when Sarkar unwinds the plot to her, she understands everything and almost gets into the thinking of Sarkar family. So much so that she doesn’t even have the emotions to mourn the death of her father, who’s just been shot dead by the very Sarkar’s men in London.

Surprisingly, Shankar the crown prince is killed in the movie. As soon as one gets the feeling that Shankar’s wife dies to make the way for Anita to come into his life, he is contract-killed. One wonders why on earth Shankar and Anita didn’t just sit down after the first bullet is shot into his body. He “magnanimously” allows all the bullets into his chest while Anita turns into horrified yet clueless spectator.

Throughout the movie all the talkative characters appear to be throwing their words of wisdom at every opportunity including Amitabh Bachchan and Dilip Prabhawalkar. Sayaji Shinde’s role was a pain to watch. All these performances leave Sarkar Raj much inferior than the original Sarkar.

It was a pity that Chander, who was shown as the General of Sarkar’s private army, and has a major role in the success of the movie Sarkar, is shown as a traitor. If likes Chander are not loyal, then whom should we trust in the next Sarkar?

In the end, Sarkar calls for his grandson “Chiku” asap, followed by Aishwarya’s command for “ek cup chai”, leaving much hint about the next part of Sarkar. Let’s hope Ramu learns from the disaster called Sarkar Raj and produces something better next time.

On Oily Surface

The astronomical increase in prices of petroleum products esp. petrol is looming large since last week. The Congress led UPA government at the centre has been in a quandary over the timing of the price increase. It didn't dare to do so till Karnataka elections were over, and now it doesn't have any other option but to go ahead and review the petro prices as the losses of oil companies mount. The funny thing is that the congress has already lost Karnataka, and it's highly prone to face the voters' wrath in the coming general elections.

We must anticipate the fact that the international crude oil prices have crossed $132 per barrel and might well touch $150 a barrel in the coming months, the most intriguing thing is the politicisation of the issue. The oil companies have suffered almost 200000 crore loss (There were quite a few raised eyebrows when the loan taken by Maharashtra Govt crossed Rs. 100000 crore last year) only because the govt's insistence on keeping the petroleum prices under control.

The government should get rid of most part of subsidies in a phased manner. It could always start with petrol, which hardly affects inflation as most of the transport vehicles are run on diesel. It could easily fix the petrol prices as 'Mark to Market'.
Instead the govt. uses other easier options like issuing oil bonds. It's very unfair on part of govt. to pass the burden on future governments.

The other thing that I fail to understand is the heavy advertising by the public sector oil companies. These companies spend crores of rupees daily just to sell their branded products like extra premiums and speed and turbojet diesel. The companies often tie up with banks and credit card companies to push their sell. The need of the hour is certainly not to encourage the sale of petroleum products.
There is hardly any significant competition to these public sector companies. So instead of wasting the money on advertising, they could use it to subsidize the products in rural areas.

It's time for the govt. take bold decisions and phase out all the subsidies on petroleum products including cooking gas and kerosene irrespective of the political compulsions.

माझा व्हिडियो

तीन वर्षांपूर्वी शूट केलेला व्हिडियो आता यूट्यूब बरोबरच माझ्या ब्लॉगवर देखील उपलब्ध.



प्रतिक्रीयांचे स्वागत.

But the ACs are on, sir!

I'm really fed up with the cliché mentioned in the title.

After hearing these words for years together, I've come to the conclusion that we, as a society, lack AC sense.

Whenever I raise this issue, people often try to tone me down by asking me whether I use AC at home too. But unfortunately for them, I’m a proud owner of an AC that I won in a TV contest some five years ago, which I’d otherwise not have bought. (These kinds of weird arguments continue to go on in our society. E.g. If you want to insist on speaking, say, Marathi instead of English, you are praised by everyone but only if you know English in the first place; otherwise you will be ridiculed)

So wouldn’t I have any right to protest against bad air conditioning if I don’t have an AC at home?

You’ll find ample of poor air-conditioning examples at almost all the places you visit viz. Hotels, Restaurants, Discos, Offices, Cinema halls, Trains and so on. The first reply to your complaint or protest is nothing but the same “The ACs are on sir.”

In most of the offices, the centralized ACs function badly. It might be chilling in one corner while sweating in the other corner, and people are least bothered about it. Often in meeting rooms you will find people crying to have the ACs switched off. The result is ten people suffocate in a closed meeting room, meant for five, thanks to the switched off ACs.

The most important thing people don’t understand is that the issue is more of air circulation than the “cooling” caused by ACs. I won’t mind if you keep all the windows open and just put fans in the office. AC is not at all required for good circulation of air, except for a couple of really hot months in the summer.

If you agree with me then include “+1” in your reply otherwise “-1”

Check your typing speed here

60+ words

Speedtest

TRAI'n reforms

Telecom Regulator TRAI has taken a good step announcing to impose heavy penalties on telecom operators for unsolicited calls.
The DoT has also suggested a Do Call Registry (DCR) instead of the present Do not Call Registry (DNC) which, if implemented well, could benefit millions of telecom subscribers.

While the service providers are the mains culprits, the banks are no lesser evils either. Whenever we register for mobile banking or just give our mobile number to the bank as a contact detail, it then immediately gets circulated among the telemarketers who work for all the major banks. No sooner did I register for Citibank last year than a telemarketer offered me a personal loan from Deutsche Bank.

The same is the case with credit cards. Whenever you apply for a credit card of one bank, all the banks (through telemarketers) will line up to you to offer their credit cards; golds, platinums and so on.

There are few mobile applications that could be used to buy movie tickets, train tickets etc. The first thing they ask is your mobile number; and once we fall into their traps, we are bombarded with ads that are rarely relevant, or our numbers are shared with (or sold to) the telemarketing agencies.

TRAI should consider making it mandatory for all the companies, which distribute these kinds of application, and banks not to share the mobile numbers of customers to any other company, and this should be strictly monitored by the telecom watchdogs.

So in addition to the telecom operators, TRAI should also penalize Banks, Telemarketers, and all those who share or sell our mobile numbers to other agencies.