Thursday, November 8, 2018

NO COST EMI - Its not true -- How the rest of the Economy takes a Byte of your Apple.


  1. Cost of an iphone 8 64GB Rs 67940.00   Transaction date  12 July 2018
  2. Emi Rs 3998.95 X 18 Months = Rs 71981.10
  3. Cash Back Rs 3838.61   ( 5.65% )  as per charge slip and 5% is what you are entitled to.
  4. Actual Cashback that came was Rs 3397.00 ( was actually 5% only back as was promoted ) Cash Back date 04 Sep 2018
  5. Net Total amount paid = 71981.10 less Rs 3397.00 = 68584.10
  6. Excess paid over the MRP = Rs 68584.10 – Rs 67940.00 = Rs 644.10
  7. Loan Amount Rs 64101.39 @ 15% pa for 18 Months.
  8. Upfront cost is Rs 644.10 – how does it become a NO COST EMI
  9. However there is a GST of 18% that needs to be paid on each of the Interest component of the each of the EMIs which was not factored in anywhere and you realize it subsequently only.
  10. Add the GST component of Rs 1418.34 and you end up giving an excess of Rs 2062.48 over the MRP of Rs 67940/- and you end up paying Rs 70002.34 in 18 Months against the price of Rs 67940/-and yet we call It the no cost EMI.
To summarize you get short changed and over charged by 3.03% of the MRP. when you should have actually got a discount on the transaction :-) 



EMI
Interest
Tax
1
801.26
144.23
2
761.29
137.03
3
720.82
129.75
4
679.84
122.37
5
638.36
114.90
6
596.35
107.34
7
553.82
99.69
8
510.75
91.94
9
467.15
84.09
10
423.00
76.14
11
378.3
68.09
12
333.04
59.95
13
287.22
51.70
14
240.82
43.35
15
193.85
34.89
16
146.28
26.33
17
98.13
17.66
18
49.37
8.89

7879.65
1418.34


Thursday, February 15, 2018

Glow worms, Stars & Aircrafts in the Sky.

Train of memories triggered on the elevated corridor at sun down all because of a few aircraft headlamps suspended in air. Could not help but pen it down. 


Lucknow 
Childhood was spent counting the glow worms in the trees or flying randomly. It was like the banyan tree was lit with fairy lights for Christmas. You could never really count them all just like you could never ever count the stars in the sky but on sleepless nights it was better than counting sheep. 
Sometimes the glow worms were caught and kept in a Kissan jam Bottle with lid punched with tiny holes made with a compass for air inlets but the glow worms  looked better up in the sky flying. Captivity was not for them. 

Summer nights with or without electricity were spent falling asleep on the terrace staring at the stars and then came the airline revolution and Pooja and I started staring at the airliners flying high up in the sky passing by, no landing approach just flying high up one after the other 15 to 20 minutes apart before sleep overtook us.
 
From Lucknow to Delhi 
The glow worms vanished from my life. The spark of happiness of simply staring at the sky into emptiness embellished with stars vanished. The dark grey smoky sky became an integral part of life.
 
From Delhi to Noida 
The sky is no longer empty. 
The stars are visible again. The moon shines brightly and the craters are visible. 
But the glow worms are probably extinct however they have been replaced by the twinkling lights and the headlamps of the airliners circling before approaching the Delhi airport’s landing strips. 
It’s been 8 years and on a good day you can see as far as 3 aircraft’s lights in a straight line approaching you.
 
14th February 2018 Shivratri Govt holiday ensured relatively empty roads was different @ 6.32pm 
Driving on the elevated corridor of Delhi under a clear sky with the sun having gone down and the blue sky getting bluer, I saw not one, not two, not three, not five, not seven but I could not believe this I counted 10 aircraft’s lights twinkling suspended in the air as far as i could see, one behind the other all at the same time. It’s no wonder that a plane lands every 2 minutes in Delhi. 
So that’s almost like 20 minutes of flying distance visible to me as I kept count up in the sky and my eyes on the curvaceous road all at the same time before the road came down on land and the sky drive running against the aircraft’s lights approaching the airport ends and the skyline line of sight gets engulfed by the clutter of Delhi concrete 


The drive is mundane again,
The sky is mundane again,
Life is mundane again till I reenter the welcoming arms of my family under a roof that does not have a terrace anymore. 
Longing to see glow worms again. I wonder what they would look like through a camera lens. 


Thursday, February 2, 2017

Maruti 800 to the Baleno's air conditioning

Car Air-conditioning. 
Maruti 800 AC 
The AC  made a difference.  
Yup it depleted the bank account, 
It killed the car engine before its time, cost of running the car increased, the car was sluggish and the car failed to accelerate even if you stepped on the gas and drove the car all the way in the 3rd gear.  It was like in today's times, turning off the blue AC switch worked as pressing the NOS button to overtake a truck.  There was no option but to kill the air con to BOOST the Maruti 800.  
There was no fifth gear. 
Yes the historian will tell you that  there was a limited period edition of the Maruti 800 AC with the unmagical 5th gear but that came much later and was soon discontinued for reasonable  reasons unknown to me, for the simple reason it never came to my head to find out why.  
Was there another option in small cars ?  The sunshine tall boy Shah Rukh Khan Santro has made its entry. But Maruti which meant the "Wind" made in Japan sounded cooler,  more trust worthy and road worthy with a good network of service centres.   Oh yeah and my dad was mighty impressed with one small little fact :  Just 3 cylinders to the engine and a carburettor which you could tweak further to make the car more frugal in its fuel intake and make it go further per litre of petrol.  Some did claim that their 800 returned 21 km to a litre though ours never did better than 19 on the highway and 17 in the city, but that's cos we lived out of the city. 
It's unthinkable today.  
14 years and 70000 km only In a small radius city like Lucknow, the car was good for probably another 10 years without a heart transplant.  
For personal information and no meaningful knowledge's sake, I did find out the car which was purchased for Rs 2 lakhs only was still sold by Maruti even after 14 years for just a shade over 2 lakhs except that it could be sold only in semi urban cities as the company did not find it worth investing in to improve it to meet the emission norms set by the Indian Govt and finally phased it out completely in favour of the Alto. 
For first memories of the Maruti, the Maruti 800 Dx, the Dx badge meant that the car had air conditioning in it, costed all of Rs 40000/- inclusive of taxes and was a marvel of engineering in fit and finish and the shape and the gentle purring of a cat of an engine compared to the sore throated premier Padmini and deep throated rattling Ambassador.  
It was like a small mouse without a boot amongst the big cats, but it served the purpose of commuting in the city in comfort.  In the war of multiplication and breeding between the mouse and the cat, we all know who will win by the power of sheer numbers. And there was no Pied Piper to lead Maruti away from taking over the country.  All other makes of cars died their natural death for lack of evolution.  
Back to air-conditioning, a car without it was a simple give in.  And in a small town it did not matter much. On a hot summer day by the time the first whiff of cool air came out of the vent, you had arrived at your destination. So much for wasting fuel. Keeping the windows open was the more efficient way in comparison. 
So the years passed by and the industrial revolution and the liberalisation brought with it better creature comforts but the car AC was still on the back burner in the mind.  
I Got married to a girl from the big city where distances were measured in hours and not kilometres or minutes and for whom the air con was part of the standard equipment of the car.  The car was about travelling in comfort and not just going from point A to point B.  
Not that she ever complained.  
It's like someone who has always ridden a cycle with shock absorbers is given to ride the regular cycle where the only spring is the one that keeps the stand in place.  
But then like I said the radius of the city decided the fate of that mindset. The world changed and the global warming took its toll on the small town distances as well.  Retail finance  boomed and the streets overflowed with vehicles. Everything became an emi Including the refrigerator. With Global warming also came global slowdown and the great Indian population became the growth engine of the world.  Every car company worth its name and salt came to India with better products, with more creature comforts like power windows on the front windows and side view mirrors on both sides which we called wing view mirrors in style.  Yes side view mirrors did not exist on both sides in India and power windows did not come in all windows as standard equipment.  
Don't laugh.   
And yes the air conditioning improved.  The 1800 Isuzu engine powered a battle tank Contessa and also the box air conditioner which did not Cool. It chilled.  Thats when we learnt about grill temperature.  
The small car air conditioner and the sedan air conditioner cooling was simply not comparable.  On a hot humid day.  You could have beads of sweat trickling down your temples steadily even with the air-conditioner at full blast.  You could only cool your finger tips and touch your forehead as you fought traffic and struggled with the flimsy gear shift lever.  
It's only if you have seen and experienced this can you actually appreciate the true comfort of sitting in the new age sedans where the blower actually blew out cold air and the rear seat passenger could actually feel the Change in temperature in 5 minutes.  The front seat passenger could actually close his eyes and feel the drying of the beads of sweat on the face and imagine the transportation from hot to heaven.  
It's one thing to read it and it's another to truly experience it. 
What was not an everyday experience became a look forward to experience.  
You could sit all day in the car. 
"People and cars can be easily turned around."   It's an old country song.  
All of a sudden all things true about the air conditioner in the car changed except that it drank fuel.  Big deal about it.  It was better to burn fuel than to burn in an inferno.  Creature comfort was important to living life all of a sudden. 
For us the world remained the same in our Maruti 800 and in true blue style the car kept purring along without even the obligatory minimal fuss.  We ferried a lot of expecting mothers to the hospital and then brought them back with their new born babies to their respective homes like the proverbial stork, midnight medical emergencies kept happening in the neighbourhood and the subsequent ferrying to the doctor. A knock at the gate in the middle of the night and we knew it was not for fun. Good times  Ferrying folks for weddings of friends and relative and being at their disposal for their touristy inclinations. Last minute attendances to lend a shoulder to the family of the dead, for folks who missed the "laash ke vaste"  bus.  Have even brought a cousin back home from the hospital in the back seat, when there was no ambulance driver available to carry a dead body. In hind sight  I really don't know how we did it.  We just did it.  
From birth to death the Maruti 800 and all the In-betweenness in the circle of life.  The air conditioner was never missed. No one complained Ki car mein AC nahi hai.  AC wali gaadi nahi bheji.  
All of sudden the car air-conditioner became important.  Well actually it was not all of a sudden. My wife had simply stated it.  "When you arrive in Delhi.  The first thing we will need is a new car.  A new air conditioned car." The wife has a strange way of being right and foreseeing the future.
Wives are kind of soothsayers who live with you.  
The big metropolis became home and the Maruti 800 kept purring along and the daily routine drive was 80 km plus and the state of pollution being such that my crisp white shirt became a sweat soggy grey shirt mess even in winters. The white shirt remained white only where the seat belt covered the shirt.  In a few months time - by the time the winters ended the seat belt was nothing but a black band of soot and I dared not wear a white shirt to line it with a black band across the chest.  That's how the house hold economy of the white shirt crumpled. 
Braved the summers of Delhi in the hot oven cum cocoon of isolation with beads of sweat trickle permanent feeling, bordering on dehydration and the glare of the sun. The good fun was that you don't miss what you don't know.   
The feeling of an Air conditioned car was unknown. So much so for progress made in life.  
I still recall the moment I decided to buy a new car.  Sorry read it as an air conditioned new car.  
Driving back to work from Malviya nagar at 6 pm from a vendor visit.  The drive was a hour long simple routine drive back which probably took 4 hours on the outer ring road via the domestic airport loop into the choked cantonment roads into west Delhi.  4 hours in isolation in an oven, with no water, sweat which flowed from the pores like water drops from a leaking tap also dried up. Dehydration set in, for all I know salt imbalance in the blood stream ensured that I was on the verge of losing my mind driving in 1st and 2 gear, even the sun went down and the sodium vapour street lights refracted into my eyes and the red back lights of the cars up ahead kind of actually blinded me.  Somewhere in those few minutes before reaching the point of delirium I decided The Air conditioner has to come in the car.  No not a mere add on AC fitted in the car.  In those days an AC could be fitted in like a music system was added on. NOT FOR ME, It has to be a real air conditioner.  Or maybe I was delirious cos there was only one car which was the best. The Merc.  The Merc sold only one model in the country in those days.  It was out of question.  It was beyond the wildest of wild dreams.  Now I knew what they meant in the English movies by isolation and confinement in a tin room in the hot sun in which you could not stand or sit completely. Not many men survive it.  From the POWs in the war movies to the jail inmates.  Only "The Heros" did not break down.  They could physically break you but not your mind.  Now I knew what they went through and felt like. So much for thoughts of your entire life gone by and the future  to create only to you company. 
You could change the world only if you could think.  Reaching the point of no thought without any attempt at meditation.  The only crystal clear idea in the mind embedded that day was the car air-conditioner.  I had everything in life that I cared about but for a car air conditioner.  
The wife was RIGHT but it took from Nov 2005 to May 2006 for that seed to germinate completely in my mind.  After that it was only a matter of time. 
The Baleno came home in June. It was a rolling steel cage with a monster air conditioner, which cooled to the point of having to clench your jaws to stop your teeth from chattering but there was no way you could stop the headache which came with sitting in the cold for too long. 
Yes it was no Merc but it had the air conditioning that was better than that of the E class.  
Time to laugh.   


This note was penned while I was waiting for the cooling coil of the Baleno in June 2016.  

Wednesday, October 26, 2016

What to do when your wallet with debit cards and credit cards gets stolen.





People have their wallets stolen all the time, its happened to you, its happened to people you know.  picked from their pockets in the train or in the bus or in a crowd or their domestic help flicks it  and you  realize it only when the messages start popping in for the transactions of withdrawals at ATMs / merchants/ fuel pumps and you really don’t know what to do because you don’t even know the account number/ card number sometimes you don’t even know the Bank name either and in the state of Panic you forget the name of the account holders too which is you yourself or your spouse or which or your children or …….   
 WHAT DO YOU DO?
  
In a lot of ways I just refuse to connect with people but somehow people associated with my wife and my child imagine me as the man who probably works in a bank and has the answer to everything associated including the odd phone call every now and then from neighbors, friends and relatives to check if the bank was open today or would open tomorrow or not.  

To be fair ; the banks print a lot of paper on the DON’T DO THIS LIST but people simply refuse to read it because it is fine print and if its bold print then they are only selling something. So why read it. 

Ignorance and Stupidity have no age. At the age of 15/20/30/40/50/60/70/80 also you can remember the name of your childhood crush and his/her birthday but you simply refuse to memorize a 4 digit password for an ATM Card / Credit Card.  You would rather keep the password noted on a piece of paper or maybe the same paper along with the respective cards in an organized manner and pat yourself on your back for your meticulous organization skills. Some of you would even keep signed blank cheques in your wallets, just In case the ATM runs out of money.  So much so for a backup for a backup.
  
It’s amazing how the same person who has an OCD of checking the house lock twice and then walks away but turns back to open the lock again, reopens the lock and walks into the kitchen to check if the Gas was fully turned off, Locks up the house again, checks the lock twice again after turning the keys and keeping it in the pocket and walks away knowing he has done everything to secure the house from theft and fire. 

To cut a long story short – people forget their wife’s and offspring’s birthdays despite running successful and rewarding lives but don’t know what to do when they find their wallet missing other than asking for  help, which is also a great thing. It’s a good thing to seek help. By nature all of us are helpful and sensitive in nature.  

It’s just money, earned through your lifetime lying in your bank account, waiting to find a purpose 
Call the helpline of the respective banks. Immediately !

Yes, you need to know the names of the banks for you to start with, to begin to even search for the help line numbers or anyone to be able to help you.
I could note down all the helpline numbers here but that would be a waste of time or maybe I will, who knows. 

Almost all bank help lines even the automated Interactive Voice Responses have the first option as Card or Bank account and then generally have the 1st option as report loss of card. It is Open 24x7x365.  

There is a real human being’s voice at the other end. (That should put you at ease) 

Tell your Name/ Bank account/ Debit Card number/ Credit Card Number and the representative would hotlist the debit cards / credit cards immediately after verifying your identity with your complete name/ date of birth/ mother’s maiden name / last transaction / last payment / last withdrawal / mobile number / billing address or any other random information that only you would know.  
Remember to take down the service request number / the last transaction on the account and the balance for follow up action.

You might ask why would they ask you for verification, instead of simply blocking the card but the fact is that if they don’t, you could simply block anyone’s card by just knowing his/ her  name. Imagine the fun pranks you could play on your friends by simply blocking their debit cards and credit cards.  Yes you can do that, if you do your homework properly. (There is a forward going on in whatsapp on why to remove your name/mobile from Facebook else fraudsters can empty your bank account without even stealing your wallet)  

Now here is the tricky part in the mind - - like most people including me,  you don’t know your account number/ debit card number/ credit card number so what do you do now ?
If you are, who you are saying who you are – say upfront you lost your cards with your wallet and you don’t know the numbers.
Assist the representative of the bank with your Name / Date of Birth / Pan Number / registered mobile number and he/she will be able to pull out all the details.  It is all a matter of keying in the details while you speak it out slowly and clearly.  
If you don’t know or don’t have your PAN Number or can’t even remember your Mobile number -  then you might face some difficulty or an extension of anxious moments but nothing that can’t be overcome because searching further requires isolating your name matched details with further verification.   Yes there are other people in the world who have the same name and the same date of birth as you, living in the same country and having an account with the same bank in the same city and the same branch. Amazing isn’t it. 

If it is a bank account – it helps knowing the city and the branch in which the account was opened for quicker search and find on the bank’s data base.  
Well so you get the general drift now.  That’s about all there is to it. 

If you have overcome your state of panic by this time, then go ahead and request for a fresh replacement credit card/ debit card in this phone call itself.  Considering you don’t know your account number or card number and the representative would not be disclosing the same to you, other than confirming that the same has been blocked.  You would not be able make a fresh phone call to request for a new debit card/ credit card till you go through your records at home to find your account/ card numbers. 

Repeat the above process by calling the helpline for all the remaining banks.  I know it is not fun but every subsequent phone call is easier to follow through as you go down through your list of cards to block. 

On re-issuance of the plastic, all your standing instructions would get transferred to the new number and you don’t have to do anything for that and trust me that knowing that from beforehand is a big relief.  

But then not to underestimate the power of the buffoonery of the humans and the quality of the mobile network - Calls can get dropped - Please call back.  Sometimes a particular representative may not be able to search for your particular account successfully and express regret. Not to worry – Simply disconnect and call back again and start afresh. The representative at the other end is a new one and would have a different skill and training level and may be able to help you successfully. I have experienced such instances in my life time and hence mentioning.  Please also explore the possibility that you might not have an account with that bank either. 

I have also come across a bank whose helpline was not willing to search and find without knowing the account number or the debit card number and that was truly a scary situation to be in that despite giving all personal details the helpline expressed its inability to act upon the loss of debit card and that is what prompted me to write this piece. 

Interestingly the wonderful thing about the cards in your wallets are that they come with an expiry date too. If you are lucky you might be carrying cards in your wallets which have expired and the helpline would update you on the status as EXPIRED.    
In the times and age that I live in, the word “EXPIRED” never provided so much of relief.

In case you are the internet savvy customer – all banks have the option of hot listing of debit cards including registered credit cards after you have logged in.  It’s faster than calling the help line.
In case you have the mobile app of the bank you use – you can hotlist your card on that aswell.

Replacement cards generally arrive in 3 to 4 days. If you live in the Metros you have the new card at your doorstep even before you have taken complete stock of your life after you lost your wallet and made those phone calls. 

Now that you have the cards - replacement cards cost a mere Rs 150/- plus taxes to Rs 200/- plus taxes and vary from bank to bank.  

Hope this helped.