Gregory J.D.

A sinking fund is money set aside for future major repairs and replacements in housing societies. Here's how to calculate it:

Basic formula: Sinking Fund = (Estimated future repair cost - Current fund balance) ÷ Number of years until repair needed

Step-by-step calculation: 1. List major upcoming expenses (painting, lift replacement, plumbing, etc.) 2. Estimate costs for each item (get quotes if possible) 3. Determine timeline for when each expense will occur 4. Calculate annual contribution needed for each future expense 5. Add up all annual contributions to get total monthly sinking fund charge

Most societies charge a fixed amount per square foot monthly. For example, if a building needs ₹50 lakhs for painting in 10 years, the annual sinking fund contribution would be ₹5 lakhs, divided among all flats based on area.

To deactivate Xtratime on MTN via SMS, simply:

1. Compose a new text message
2. Type "STOP" (without quotes)
3. Send to 131

You should receive a confirmation message that Xtratime has been deactivated. This service gives you extra airtime when your balance is low, but it comes with a fee, so deactivating it will stop those charges. You can also dial 1314# and follow the menu options to deactivate, but the SMS method is the simplest. If you have any issues, you can always call MTN customer care at 180.