It is a good news for depositors who approach post offices for products like saving account, monthly income account and PPF (Public Provident Fund). The following changes have been introduced : The interest on Post office saving account has been raised to 4% p.a. from earlier 3.5%. Post office Monthly Income Scheme (MIS) would now […]
Month: November 2011
RBI reduces Cheque Validity from 6 months to 3 months.
The notification issued by Reserve Bank of India can also be found on RBI’s website http://rbi.org.in/scripts/NotificationUser.aspx?Id=6805&Mode=0. The relevant part of the notification is as follows: In India, it has been the usual practice among bankers to make payment of only such cheques and drafts as are presented for payment within a period of six months from […]
Are you a Responsive Parent ? Plan for your Child’s Future.
Are you a responsive parent who cares for the future of their children ? The mere fact that you are reading through this article proves that you do believe in creating a bright future of your kids. So what are you doing currently to safeguard the future of your children ? Probably your kids may […]
How This Family Man Retired Early At 32
I was forwarded this article by my friend – a very good insight for all savers who want to be financially independent at an early age. If you’ve been thinking of how to retire early and live well, or be financially independent at a young age, this family man’s story will definitely give you an insight. Affectionately […]