Power/Speed Vs Regular Petrol – This is the biggest scam of petrol pumps!

When you go for fill up petrol or diesel in your car/bike, you have an option to fill the normal fuel or high performance fuel often termed as Speed, Power, Xtra mile, Turbojet or Hi-speed etc etc in the Indian Petrol pumps. Today, I will share with you a kind of fraud/scam which is going […]

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Basic Saving Bank Account – No minimum balance required (+ more features)

Do you worry about maintaining the minimum balance in your bank account? If that’s the case, then you will be happy to know that now RBI has mandated all the banks to offer something called as Basic Saving Bank Deposits Accounts where there is no minimum Monthly Average Balance (MAB) to be maintained. Let’s know […]

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What are Shariah compliant mutual funds? – An Ethical investment

Have you ever heard about Shariah compliant mutual funds? We get a lot of muslim leads who want to invest in mutual funds and a lot of them mention that they would like to invest in mutual funds which are shariah compliant. So lets look at the subject! Examples of Shariah based Mutual Funds Shariah […]

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How your bank calculates Monthly Average Balance ?

Do you understand what is the meaning of Minimum Monthly Average Balance in your saving account? When you say “Monthly Average Balance of your saving bank account is Rs.10,000”, what does it mean exactly? A lot of people feel that their balance in saving bank account should not go below Rs.10,000 on any given day, […]

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How to quickly check your bank balance without internet on phone?

Everyone wants to check bank balance and keep a track on their bank accounts. Smartphone’s, internet and banking system together has made this process easier by providing the facility to check your bank account details online. But what in case of those people who don’t have a smartphone or internet connection? Now you can check […]

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Should you invest in Corporate Fixed Deposits? Are they safe?

Do you think corporate fixed deposits are as safe as bank Fixed Deposits? Has come agent convinced you that you will get 2-3% higher returns from corporate fixed deposits without any risk? If thats the case, you need to be educated a little more about corporate fixed deposits. I will talk about 5 major things […]

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ELSS vs PPF – where to invest for your tax saving? (20 yrs data analysis)

Most of the people who want to do tax saving in 80C are confused if they should invest in PPF or ELSS (tax saving mutual funds). Both PPF and ELSS offer taxation benefits of upto Rs 1.5 lacs under sec 80C. ELSS vs PPF – Meaning Lets start with their meaning and what exactly they […]

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How is Rupay card different from Visa or Mastercard?

Have you heard about RUPAY cards? Today we will talk them in detail and how they are different from Visa or MasterCard and if you should choose them or not. But before that, let’s understand the background first. What is Visa or MasterCard? You must be already having a debit card or credit card which […]

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Basic Services Demat Account – a no frills account for small investors

Do you hold a Demat account or planning to get one? Then you should know what is a Basic Service Demat Account, because it can be helpful for you if you are planning to trade very less and want to save on yearly maintenance charges. Basic Services Demat account as its name suggests is a […]

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7 alarming signals that you will not retire RICH in future

Will you become RICH in future? I know it’s your aim and you want to become rich, but there might be many things you are doing which is increasing your chances of remaining poor or middle class going forward. These are clear indications or signals that you might not become RICH and it’s time to […]

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