HDFC reduces RPLR to 16.40%

HDFC has done a great favour to its customers last month by reducing the RPLR from 16.50 to 16.40, i.e. a huge drop of 0.1%. 

Even the existing customers will benefit with this significant move. 

I request the readers to post their would-be savings (I'm sure it must be in multiples of lakhs and crores) with the revised interest rates. 

Thank you HDFC. 

Paypal Charging $1 and $1.95?

Those who add a new credit card to paypal will notice that actually the following two transactions take place on your card. 

a) $1 immediately once you add a card
b) $1.95 when you "verify" your credit card

But don't worry, the $1 transaction is canceled after some time (In my case i got the cancellation sms right after the card verification). 
And the $1.95 will be credited back to your card account in couple of working days after you enter the verification code. 

Generally there are misconceptions regarding paypal and people are reluctant to use it. Paypal is also responsible for their bad reputation as in many cases it's very difficult to reach them. (I remember having to call them multiple times over phone using gmail's call phone feature with proxy US IP ;-))

These things apart, you can buy using paypal with confidence once you know what you are doing.