Don't fret, says Tinesh Bhasin. Manoj Raikar, a musician, is nonchalant about the number of free transactions he can do at his bank. Before demonetisation, he had not visited his bank branch for over a year. "With the convenience of ATMs, Internet banking and debit cards, there's rarely an occasion when I need to go to my bank branch," says Raikar. The cap of two to four free transactions at branches imposed by banks hardly matters to customers like Raikar. Most savings account customers visit ... Rediff.com, 1 week ago
An investor would pay much less when he invests through a registered investment advisor than a distributor, experts tell Tinesh Bhasin.Illustration: Dominic Xavier/Rediff.com If the Securities and Exchange Board of India acts on its proposal that no mutual fund (MF) distributor should advise investors before becoming a registered investment advisor (RIA), things would get trickier for investors who have been relying on distributors for a long time. To separate sales from investment advice, the ...Rediff.com, 1 month ago
A combination of ELSS or PPF with a term plan offers better coverage and returns, says Tinesh Bhasin.Illustration: Uttam Ghosh/Rediff.com Single premium life insurance policies have become popular since demonetisation was announced. All life insurance companies put together collected Rs 6,692 crore premium for individual single premium plans -- a growth of 507% compared to the same period last year. "In the initial days of demonetisation, life insurance companies were accepting old notes and ...Rediff.com, 2 months ago
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