It is an excellent feeling to have a lot of cash stuffed into one’s bank account and sitting on a comfortable sofa relishing the bank balances in your current or saving account. But have you thought how much nicer it would feel if such idle balances would provide you with some more income along with […]
Author: Puneet Agarwal
Types of Non Resident Bank Accounts – NRE, NRO & FCNR
So you became a NRI huh ? The first financial difficulty which arises to NRIs is opening up a bank account in India and choosing up from the multiple options available. Primarily there are three bank account options available for NRIs, however, the bank managers would not want to provide you much details on the […]
Our Brand New Website
We have proudly launched our brand new website at www.banyanfa.com. Please have a look at it and provide us your valuable feedbacks. Regards Team Banyan Related Posts:Modes of Operating Bank accountMutual Fund Expense Ratios
PPF, Post Office Deposit updates
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 […]
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 […]
Happy Diwali – with some Updates
On the auspicious occasion of the festive season, I would like to wish you all a very happy and prosperous Diwali. Hopefully Goddess Lakshmi would fill your purses with gold and prosperity. I would also like to take this opportunity to update you with the recent developments and its aftermaths. Nothing has changed materially since […]
Interesting Facts About Indian Mutual Fund Industry
An article published in Economic Times NEW DELHI: The number of fund houses are increasing each year in the fast growing Indian economy but when it comes about the size, the top five players control over half of the country’s mutual fund business. An analysis of average assets under management (AUM) by over 40 fund […]
Biometric PAN Cards
NEW DELHI: The government has decided to issue biometric PAN cards to taxpayers across the country to weed out the problem of duplicate and fake ones. The decision was taken recently by the finance ministry and it comes in the wake of a Comptroller and Auditor General (CAG) report that asked the Income Tax department […]