Buying property is one process, but after buying the property, you dump so many items, which may be useful or not. All of such household items have some values. So what if something went wrong like fire or burglary? Therefore, it is very much important to have insurance on the property and … [Read more...]
Archives for November 2014
Savings Bank Account minimum balance-You know how bank cheating you?
We all know that we must maintain some specified minimum balance in our savings account. Otherwise, banks used to penalize us. But do you know after few months they must not levy any penalty!!!. Very few know these small banking rules.It is clearly mentioned in RBI guidelines also that if … [Read more...]
Comparison of KVP, NSC, PPF and Bank FDs
On 18th November 2014, Government of India launched Kisan Vikas Patra (KVP) with much fanfare. This is considered as safest investment. So let us understand the difference among KVP, NSC, PPF, and Bank FDsIn below image I simplified few features, which are very much important while … [Read more...]
All about Kisan Vikas Patra (KVP)-2014
On 18th Nov 2014, Government of India re-launched one of famous Postal Savings Scheme called Kisan Vikas Patra or KVP. It was mentioned in a Finance Minister's budget speech also. So let us see its feature and feasibility.How much you can invest?There is no maximum limit specified. However, … [Read more...]
How to teach kids about money?
Today is children's day in India. So let us start this day to teach our kids about money matters. This is very much important to sow the seeds at the early age. This will bring the natural habit in their life. So let us discuss about this in today's post.These days kids normally believe that … [Read more...]
5 unknown wrong beliefs about investments !!!
Whether we are literate or illiterate, we have some mental blocks when it comes to investment. We simply follow those without knowing whether those beliefs are good or bad. Therefore, in this post I am trying to list a few of them.1) Sunk Cost Fallacy- Let us say you booked movie ticket for … [Read more...]
Investors workshop in Bangalore by freefincal.com-Don’t miss it !!!
If you want to learn the basics of Financial Planning and Goal Based Investing and you belong to Bangalore, then gear up for the meet organized by Mr. Pattu who runs a blog freefincal.com.If you are following my blog constantly, then you might have come across the name of Mr.Pattu or about his … [Read more...]
Reveiw of HDFC Click2Invest-A cheapest online ULIP
A few months back HDFC Life launched an online cheapest ULIP product called HDFC Click2Invest. This product claims itself as the game changer due to its offer of very low charges. However, can we still consider mixing Insurance with Investment?Few of the features highlighted with this … [Read more...]