These days, a sum of Rs 1 lac looks like this — Fixed Deposit for Rs 1 lac @ 9% per annum with monthly interest payout = Rs 9,000 per annum in interest earned before tax = Rs 750 per month in interest earned before tax = Rs 672.75 per month in interest @ 10.3% […]
Things have been pretty quiet around here for the past two weeks since I was traveling on work and often had to maintain an 18 x 5 schedule. But travel to me also means “a whole lot of expenses” and this time was no different. But thankfully, I didn’t have the usual cartload of expenses […]
I’m a big fan of the I Will Teach You To Be Rich blog. I’ve been following that blog since a couple of years mainly because the approach to money preached over there is very similar to my own thoughts and beliefs towards money. My policy on money is quite simple — “Don’t feel guilty […]
September’s Book Giveaway is fun to participate in and your comments could prove extremely helpful to one of our fellow readers. Continuing the story from where I left it last, a Capital Advisor reader wrote in — My husband, aged 35, has a Jeevan Anand policy for a sum assured of Rs 15 lacs for […]
If there was one thing I really sucked at in the last financial year, it was to plan for in advance for paying the self-assessed portion of my income tax liability. The result — I ended up paying a big chunk of of money as income tax due plus penalty plus interest just before filing […]
About a week back, I received a PR email from IDBI Bank announcing the launch of their Floating Rate Term Deposit scheme. Thought I’d look it up and give you a quick review (a side effect being the evaluation of this scheme for it’s suitability in my ere portfolio). To begin with, if things such […]