There is a lot of noise on Social Media on the safety of your bank deposit post the FRDI bill becomes an Act. This bill is debated a lot because it directly impacts the 2 pillars of our lives – Banks & Savings. Today let’s try to find the answer to this buzzing question –Read More
Banking
Understanding NRI Accounts, Repatriable & TDS Rules
When you are an NRI, the banking rules and accounts changes for you. If you follow these rules and implement from start, it will be easy for you to transact, send money and invest. So let’s learn the basic concepts behind NRI accounts Repatriable TDS and other terms. So the changes start happening when youRead More
Your Liability in Case of Online / Card Fraud
Our banking regulator Reserve Banking of India really deserves praise, as this is the second most important old regulation that they have changed to benefit banking customers. First, it was the Banking Ombudsman which was changed to accommodate recent trends. Now they have amended the 2002 regulations of Protection of Customer interest and liabilities inRead More
Changes in Banking Ombudsman : More Penalties on Mis-sellers
RBI’s Banking Ombudsman Act 2006 had its second major changes this week. This act has been a game changer in the Banking Industry since its inception. Now as the time changes- technology changes. So new products and miss-selling ways also evolve. This dynamic act got new inclusions to cope up with the modern times. Let’sRead More
Benefits of Having POST OFFICE SAVINGS BANK (SB) ACCOUNT
I also thought for once that it is like going back to history or primitive era if I am writing about Post Office Savings Bank Account, but when I saw the offering, it is as good as normal savings account which is offered by banks. The Post Office Savings Bank account is very convenient ifRead More
Demonetization Impact PART 3: Impact on Your Investments
More than a month has passed since the demonetization decision and people have solved or planned to resolve the cash in hand problem. But what about investments? If you have already made investments in share or mutual funds or property, what do you see the returns will be after all this settles down? All avenues will have a different effect and the intensity will also differ. That is why diversification is a must for a healthy portfolio.Read More