We all love money and wish to be millionaires one day. But not all of us are lucky to inherit a wealth or hit a jackpot to turn into millionaires overnight.

The option available for most of us is to adopt conventional methods of saving and investment.  Even with the plethora of avenues like stocks, real estate, Mutual Funds and the like available presently for saving and building on that saving, the most traditional method, being Fixed Deposit still remain a popular choice among the masses.

Skeptics may argue against this form of investment citing inflation unfriendly and taxability of returns, but this traditional method of saving still retains an edge over others on many counts.

Let us understand some benefits of this saving scheme where the deposit of a principal amount for a fixed tenure with higher interest rates enables one to enjoy the principal along with interest earned over the tenure, when it attains maturity.

It's only fair to share...
  • 5
  •  
  •  
  •  
  •  
  •  
  •  
    5
    Shares
Read More →
Replies: 1

Being a Mallu during my school days was considered a privilege. In spite of the heavily accented clan that we were, all puns on our intonation and our duskier membrane were relegated to backseat, the moment we came dressed in those satin knickers when even the noble class could afford only polyester; or when we sported that enviable Casio digital watch; or when we had at least one Hero fountain pen in our pencil box.

Certainly not the most affluent community, when compared to the Gujaratis and the Marvaris, what made Malayalis still stand apart rubbing shoulders with the prosperous was that every household from the pea-shaped state that we belonged to, had an Indian Diaspora.

It's only fair to share...
  • 2
  •  
  •  
  •  
  •  
  •  
  •  
    2
    Shares
Read More →
Replies: 0

We have heard the adage, “where there is a will, there is a way”. This maxim may be so true during our life, but does it hold good even after our death?

If we have to have our way, even when we are not alive and kicking any more in this world, then I would suggest that we tweak this proverb a bit and say, “Will is the only way”.

It's only fair to share...
  • 5
  •  
  •  
  •  
  •  
  •  
  •  
    5
    Shares
Read More →
Replies: 0