Did you notice that now, for unused or dormant bank accounts, no more we receive message mentioning that we have negative balance figure like “credit balance of -973 Rs”. This is because now banks have a category of savings account called the BSBD Account or Basic Savings Bank Deposit Account. So now dormant accounts withRead More
Budgeting
Struggling on- How to Save Money? Try these 6 hard ways
Do you struggle – Not with earning money but saving it? You make a lot of plans and devise lot of tricks but in the end, you have hardly any money to invest. Question – How To Save Money is really bothering you. You curse yourself that you don’t save money then you need toRead More
Role in Financial Planning for Women to Achieve Freedom
Most male readers will not read further thinking this article addresses only females. And few will start guessing why Madhupam is writing this? Valentine is gone, why is he mixing Mars & Venus. Well, do not go by topic, as this article focuses on financial planning for women aspect, but is equally important for maleRead More
Managing Parents Finances
Many parents like mine need a handholding and care. I noticed this when last week I visited a “sarkari bank” with my parents to renew Life Certificate (for pension). I met many elderly couples and singles who are struggling with issues like depleted PAN card or inability to write a simple application or fill theRead More
The Concept of Stealth Wealth
Stealth Wealth is basically not to show that you are wealthy. Now, what is this? What is the problem in showing that you are gifted by god? And, some of you may even say- I don’t show off, it’s my lifestyle. So knowingly or unknowingly you find yourself running this insane race of brands, plasticsRead More
5 Important Things To Know About GST Implementation
Tax system in India is complex. When you go out and buy something, take a look at the taxes on the bill. You can find sales tax, service tax, Swachh Bharat tax, VAT etc. With so many taxes, it can be confusing to understand the purpose of each tax. Now here comes the long waitedRead More