Though I am not an expert to find a flaw in the banking system, something stunning has come to my notice. Why do I call it stunning? (I mean it in a negative way). I was surprised but was “not” happy to observe something like this. What do I mean by “something like this”? I…
Why it is important to plan purchase of air conditioner (AC) for home? One time cost of a typical 1.5T AC is not so high. It will cost around Rs.30,000. Though it is not cheap, but still people do manage to afford it. But the actual expense of an air conditioner is its operating &…
Why investors should be concerned (or not concerned) about the low trading volume of ETFs? Let me give you a history about the origin on this question. The average trading volumes (30 day) of few stocks as on 03rd-Aug’18 are as below (in NSE): TCS: 37,63,490 nos shares. RIL: 90,05,800 nos shares. HDFC Bank: 26,59,164…
The business model of Banks is different from other businesses. Check Bank Data in Stock Screener. We are more accustomed with “manufacturing” business models. Which is as below: But banks do not work with this model. In order to attempt analysis of banking stocks, an investor must understand the business model of banks. So lets look…
What is a NFC Enabled Contactless Credit Card? Is it operational in India? Is it safe to use Near Field Communication (NFC) cards. What care must be taken? Which banks are currently providing NFC Credit Cards in India? We will try to answer these intriguing questions in this blog post. ICICI & SBI was among…
How important it is to spend wisely on holiday trips? As a purchaser, travellers could die to get tips on it. Let it be long or short duration trips, saving money is always possible. But for sure, on longer duration trips, potential to save money in more. These days, in India as well, people have…
Have you ever tried to calculate salary of housewife mom? I know, not many will care to quantify this job. Job? Is it really a job? Yes it is. But mostly, it is taken for granted. What will happen if government made a rule that all housewife moms should get a paycheck. Yes husbands, what…
Why to bother and calculate personal loan eligibility? Is it worth spending time on it? Banks anyways does it for us, right? Yes, but bank’s intervention happens often very late. By the time bank’s disclose our loan eligibility, we are almost on the verge of loan disbursement. Where is ‘loan planning‘ here? As an individual,…
Why we must know about prepaid forex card? Because it is a nice way to carry money abroad. In India, it is also called as “Travel Currency Card”. Planning one’s purchases before traveling abroad, is one of the aspects of personal finance management. Consider this, you are an Indian living in New Delhi. You have…
Buying insurance cover with home loan is not mandatory. But still, banks “insist” the borrower to avail this facility. What one must do? If buying insurance cover with home loan is not mandatory, then why the lender (banks) insist on it? There are banks who may not even accept the home loan application without insurance…
It is necessary for people to file ITR even if tax liability is zero? The answer is No. A person whose taxable income is below a limit, can avoid income tax return filing. Such people can file IT returns voluntarily. What is the limit below which, filing ITR becomes a voluntary requirement? When taxable income…
Mostly it is the business men who become richer than others. But how can a salaried person become rich? Smart business men tend to become rich more frequently than salaried people. Yes, the keyword to become rich is “smart”. One need to handle ones paycheck (income) smartly. Smart and rich business men tend to handle their…
