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...] about How to choose best home/property insurance in India?
Archives for November 2014
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...] about Savings Bank Account minimum balance-You know how bank cheating you?
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...] about Comparison of KVP, NSC, PPF and Bank FDs
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...] about All about Kisan Vikas Patra (KVP)-2014
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...] about How to teach kids about money?
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...] about 5 unknown wrong beliefs about investments !!!