by niranjan | Jul 25, 2020 | Banking, Finance, Retirement
I do not like pension plans. Simply because of the fact that the returns are low and they are taxed as per your normal income. In your retirement, most of your income should be from capital gains. They are tax efficient. But Pension plans are sold very aggressively by...
by niranjan | Jul 17, 2020 | Banking, Basics, Finance
Everybody who has a bank account knows that it is insured for Rs. 5 lacs by the Deposit Insurance and Credit Guarantee cover. This cover is applicable to all commercial banks, including branches of foreign banks functioning in India, local area banks and regional...
by niranjan | Jul 2, 2020 | Finance, Mutual Funds, Risk
In my view, if you have money, there is a risk wherever you keep it. Where can you keep your money? Under your mattress – there is a risk of theft or not earning any return on that money. Inflation will eat into the value of the money. In the Post Office...
by niranjan | Oct 23, 2019 | Finance, Scams
Generally, we feel comfortable with people that we label as ‘my community’. That is why Konkanis will bank with Saraswat bank or NKGSB bank, Mangaloreans will bank with Bharat bank, Maharashtrians will bank with Mumbai cooperative Bank, people from Punjab will bank...
