Money & Banking
A Missed Call To Know Your Bank Balance, Last Transactions
Often, we need to know the latest bank balance. For this we may log in through the net or go to the nearest ATM centre or call the branch. Some of us may be using phone-banking. But all these options are time-consuming, particularly, the phone-banking facility, where you have to press some numbers if you want to know something, and then another number for going to a particular menu and then giving PIN and then… and it continues! If you call the branch, the concerned staff member will ask you a few questions to know your identity. However, some banks do not entertain such requests over the telephone for security reasons.
 
Readers will be delighted to know that most banks have introduced a unique facility which is very easy to use and not at all time-consuming. Give a missed call to a specific number. It gets disconnected automatically after one or two rings and, within seconds, you get an SMS on your mobile giving details of your account number and the balance. Generally, the first four and the last five digits of the account number are shown in the SMS and digits in the middle are encrypted with either XXXX or *****. Such SMS also gives details like date, time and balance in the bank fixed deposit that is linked to your account.
 
Remember one thing; your mobile number must be registered with your bank for availing this facility. If not, simply fill up a form available at the branch, sign it and hand it over to the officer. Also, enquire if there are any charges for the missed call and clarify whether there are any hidden charges, particularly for the SMS that is sent by the bank. Most banks do not levy any charge for missed-call banking facility; but do check with you own bank. 
 
An official from HDFC Bank told Moneylife that there are no charges, for either the SMS sent by the Bank or the call made by customers on its toll-free number for balance enquiry.  A wonderful thing in core banking environment is that you can link all your accounts within the bank and then register your mobile number for all of them. In such a case, only one SMS from the bank will give your balance in all these accounts along with account type and account number. Again, the balance shown is the real-time balance, that is, the balance available in your account/s at that specific time when you gave a missed call. If a cheque is presented through clearing even after a second, it will not be considered. Very rarely, it may happen that you do not receive an SMS. This generally takes place when the data server is under tremendous pressure. So please try again after a few minutes. We give below, for ready reference, the phone numbers of some prominent banks. Please try out. If there is no response, please verify the number. If your account number is not linked with your mobile, you will receive an SMS. If your bank name does not appear in the list, please contact them, to get the number, if any.

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COMMENTS

Ramesh Chand Kalal

4 days ago

What is the numbers to know bank balance

Ramesh Chand Kalal

4 days ago

Balance in ac no 61213383770

Param

10 months ago

thanks to this, i now realise that my mobile number is not registered with the bank, although they have been sending me sms & calls for the last 10 years on this number!!!

Bapoo Malcolm

10 months ago

The only information I get are the last transactions. WHEN WHAT I NEED TO KNOW IS THE BALANCE! That bank is not listed by you.

Visual Patterns Meet Computerised Tests
This book is the third and last in the ‘Evolution of a Trader’ series by Thomas Bulkowski. I had reviewed the first two (Trading Basics and Fundamental Analysis and Position Trading) in August-September 2013. The third book is all about swing trading and day trading. Bulkowski is quite a fascinating character. He got a degree in computer engineering when computers were in their infancy. His first job was as a hardware design engineer at Raytheon. But his heart was in the stock market. Every day, he arrived early to office and charted his favourite stocks on graph papers. As an engineer, he focused on the ‘right way’ to analyse stocks—using ‘strict fundamentals analyses’. His office-mate, Bob Kelly, however, followed a different method. He closed his eyes, twirled his hand around, and plunged it into the Wall Street Journal to make his choices. Bulkowski tracked his selections, and Bob’s random picks. After six months, he discovered two things: one, Bob was beating him; and, two, he did not have a clue on what he was doing. Bulkowski continued to study company earnings and valuations, using price-to earnings (P/E) and price-to-sales ratios as his main filters. He poured through Forbes and Fortune in the libraries and learned to love fundamental analysis.
 

However, while Bulkowski was profitable, he still did not have an answer to the huge swings that stocks suffer from periodically. His stocks would double or triple and then drop by half. He retired at 36 and started trading stocks full-time, writing articles and then writing books. Over the years, he evolved from just a buy-and-hold investor to a trader. While he has a core holding in stocks that are likely to do well over the long term, he now buys and sells stocks for the medium term, to short term, to a day. His tools are price patterns, or technical analysis, which is seen as mumbo-jumbo by many investors. However, this does not mean he follows indicators like ‘Relative Strength Index’ or ‘Stochastics’ or moving averages. He uses patterns like rectangle bottoms, flags, triangles, pennants and so on. What makes Bulkowski’s approach distinctive is that he has used his programing skills to test dozens of patterns in technical analysis over sample sizes running into hundreds and has come with what you can expect from the different patterns.
 
This book, Swing and Day Trading, is divided into 14 chapters, seven each for Swing Trading and Day Trading. In the Swing Trading part, Bulkowski introduces basic swing trade tools such as support and resistance, trend-lines and channels. He then come straight to the point. Chapter 3 lays its bare: which chart patterns work best for swingers? Bulkowski has analysed 32 chart patterns and ranked them according to two-month performance. The book displays the top 20 patterns that offer meaningful profits. The best performer was high and tight flag, a momentum play: buy high, sell higher. 
 
 
Bulkowski also explains how to trade the top seven frequently traded chart patterns, such as symmetrical triangles, ascending triangles, head and shoulders bottom, support or congestion and flag bottoms, flat base bottoms and rounding bottoms. If you are interested in trading price patterns, this book comes closest to as scientific a study as you could get. The only issue that still remains is to define the patterns in live situations because there is still some subjectivity in locating the patterns.

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Reliance Jio launch in 'coming months': Ambani
Assuring shareholders that significant progress had been made in erecting the infrastructure for Reliance Jio, along with some 1.5 million test users, Chairman Mukesh Ambani has, without specifying a date, said the commercial launch will happen in the "coming months".
 
"During the year, Reliance Jio moved towards completion of its network infrastructure as well as business services and platforms. We on-boarded over 1.5 million test users, who have been using the services extensively," Ambani said in the company's annual report for 2015-16. 
 
"This has enabled testing of the network, user applications and services and business platforms. The feedback from test users is extremely encouraging. The test programme will be progressively upgraded into commercial operations in the coming months."
 
Shareholders were also told that Jio is now present in all the 29 states of India with a direct physical presence in more than 18,000 urban and rural towns and over 150,000 villages. 
 
The chairman said Reliance Industries invested over Rs 112,000 crore ($17 billion) in its various businesses operations during 2015-16, which he claimed was the highest-ever by any corporate in India in creating growth engines for the future. 
 
"As we near the end of our largest capital expenditure cycle, we are focused on ensuring a smooth start-up and stabilisation of new growth platforms across hydrocarbon and consumer businesses," he said, adding the record profit of $4.2 billion against a gloomy environment was laudable.
 
He particularly mentioned that the company's gross refining margins -- the difference between the crude oil price and the value of petroleum products coming out of a refinery -- stood at $10.8 pr barrel in 2015-16, was the highest in seven years and outperformed the Singapore benchmark.
 
The company said the annual shareholders' meeting will be held here on Sep 1 at 11 a.m. at Birla Matushri Sabhagar auditorium.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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