Today we will discuss why you need to stop investing in bank fixed deposits. I know you are a bit shocked with this statement, but my only attempt is to give you some understanding of why banks fixed deposits are not the best financial products in these times for your long term wealth creation. There are other better alternatives today if your focus is assurity of returns, near inflation returns…
How Rs 3,700 crore online fraud happened with with 7 lacs investors !
A new online fraud worth Rs 3,700 crores has been busted recently by Uttar Pradesh special task force. Around 7 lacs people have been cheated in the name of ‘Earn Rs 5 per click’ investment scheme. This was a classic example of a very smart online fraud structure where you first make a lump sum investment in the company scheme, and you get a chance to earn a daily income…
99% mutual fund investors do not understand these 3 critical points for long term success
Are you investing in equity mutual funds or planning to invest? GREAT! While you might have done your research and reading about investing in mutual fund, but I am sure you still do not have 100% clear idea about what does it mean to invest in a mutual fund. In this article my attempt is to make you understand what exactly you should be expecting out of your investments in…
Buying your first car? Here is the data of 451 buyers for you to decide!
No, I am not sharing my personal opinion here in this article. I am actually telling you about 451 people who have shared their personal data with us in a survey we conducted some time back and we are presenting you the data in this article. That data will help you know how others think and what are their numbers and that way you take decision for yourself. You mainly…
Basics of Income Tax explained for Beginners [VIDEO Inside]
This is a guest post by one of our readers and our financial planning client Mr. Rahul Udare from Mumbai. He is CA by profession, and he has created a 45 min excellent video for begineers on the topic of Income Tax. This video below will help anyone understand various things related to income tax and how everything works. Basics of Income Tax – 45 min Video Contents Core Concept…
Customers can refuse to pay “Service Charge” at Restaurants – Govt
Govt has clarified that the “service charge” in optional and customers can refuse to pay that if they feel like. From some years, most of the restaurants and hotels have started charging “Service Charge” along with the other taxes in their bills and we customers due to lack of understanding feel obligated to pay it. However the govt has issued a notification today which clearly mentions that if customer is…
I got a fake phone call from “RBI” and I recorded the audio !
I got a fraud call recently and I was able to record it. The person at the other end was posing as RBI officer and said that because I have not linked my Adhaar card with my bank account, they are getting closed and if I want to save them from not getting blocked, I will to do some verification on the phone call. Watch the video below which as…
EPF interest rate reduced to 8.65% from old 8.8%
The EPFO department (Employees Provident Fund Organisation) reduced the EPF interest rate to 8.65% today. The old interest rate was 8.8%. This interest will be applicable for the deposits made for financial year 2016-2017. Which means that all the deposits which were made after 1st Apr, 2016 by the employers will be earning the interest of 8.65% only, and not 8.8%. Why was EPF Interest rate was reduced? As per…
6 proven ways of becoming RICH (are you one of them) ?
Can you name a billionaire who didn’t start a company? Or a $ millionaire for that case? In this article, we are going to talk about various ways people become RICH. No , it’s not a tutorial on how to become rich, but just a conversation on what are various ways using which people have become rich. May be you will get some idea of which path you want to…
Duplicate UAN? Here is step by step process to solve it!
Today we will talk about the issue of duplicate UAN, which has confused a lot of employees. A lot of people have contacted us that 2 UAN were generated for them by their past employer and current employer and now they have no idea what is to be done in this case. You can see following question which was posted by one of the reader of this blog. Hello Manish,…
