Archive for January, 2012

Feeling stressed? Need to refresh yourself? Then, have a cup of tea. This is what you suggest your friends generally, right? But, if you are aware of green tea, then you’ll obviously taste it and even recommend others to take green tea. Green tea – a distinct tea variety – is a refreshing drink that […]

Some banks insist on signatures of both the joint depositors for repayment of the amount on maturity of fixed/term deposits which are opened with instructions “either or survivor” or “former or survivor” clause. But the recent notification from RBI in Nov 2011, has made it easier for depositors. According to the new regulation, signatures of […]

Good news for savings account holders! The RBI has announced deregulation of interest on savings account interest rates. Now banks are allowed to determine their own interest rates on savings accounts for the deposits more than Rs.1lakh. Earlier, banks were supposed to give 4% interest on savings bank deposits. The deregulation dated 25th October 2011, […]

Come 1st April 2012, a new regulation from Reserve Bank of India (RBI). Cheques, Demand drafts(DD), banker’s cheques, pay orders have to be encashed within three months. Earlier the time limit was six months. The reason behind reducing the validity period of these financial instruments is to stop the increasingly recurring issue that takes place […]

In India, there was a time when Non-Resident Indian (NRI) deposits were given less importance due to their low interest rates. But now due to the new directive announced by RBI on Dec 16, 2011 regarding deregulation of interest rates on NRE (Non-Resident External Rupee) Deposits and NRO (Ordinary Non-Resident) Accounts, more foreign currency is […]

Most of the luxuries, and many of the so-called comforts of life, are not only indispensable, but positive hindrances to the elevation of mankind ~ Henry David Thoreau When purchasing a new car, one has two options – a moderately priced functional car and a fancy luxury car. Many people today are willing to spend […]

In today’s scenario, the advancement in technology is contributing a lot in making lives of the people more easy and flexible especially in regard to bank transactions. Long and tedious bank activities have become simple and quick with the advent of mobile and internet banking. And now, after the introduction of mobile number and health […]

Unit Linked Insurance Plans (ULIPs) are the products which give you access to both investment and insurance. These plans let you enjoy a life cover along with the opportunity of earning market linked returns. Insurers are likely to change the structure of ULIPs with the provision of offering a higher life cover to qualify the […]

Can you imagine a delicious Indian recipe without the addition of spices? Definitely not. As commonly known, spices are usually used in foods as additives to give flavor, make the dish tasty and to add color to the dishes. Also, there is a common unnecessary belief that spicy foods promote ill-health. However, an interesting thing […]

Clinical trials are significant and helpful only when carried out in an appropriate way with perfect regulation. Safety issues, ethical concerns, and other procedures should be dealt carefully when conducting these research studies. Developed nations like the US and UK have strict regulations to implement clinical trials. However, lack of vital regulation or international regulation […]

Clinical trials, which play a great role in providing new medications, often are believed unethical and illegal today. But, it’s the lack of awareness on them that make us misunderstand their significance. So, let’s recognize their importance and know what clinical trials are, and why and how they are conducted. Clinical Trials – Clinical trials […]

Savings are essential to meet future financial emergencies. Without savings, you will be forced into debt during emergencies. You therefore, need to inculcate money saving habits. Save a little every day. The little amount you save will help you tackle financial emergencies. Saving money is not at all a difficult task. This article will help […]

In recent years, the number of credit card fraud cases is on the rise. The major reason behind it is the careless attitude of people in handling credit cards. In this article we share with you, some places where you should avoid using credit cards and take necessary precautions, so that you do not fall […]

Want to be rich or do you want to be wealthy? Confused? Do you think both rich and wealthy are the same – people with lots of money. You are mistaken. There is a lot of difference between them, which you need to know to make proper financial decisions and lifestyle choices.

There are certain principles of money you should understand. The sooner you understand them, the fewer the mistakes you will make with money. There are people who live their entire life but never discover the principles of money, the fundamental rules of saving, investing and spending money. If you understand and follow those principles, you can avoid mistakes and you will be able to deploy your surplus properly.