FINANCE

This is something I’ve actually put a lot of thought in to. I’ve gone so far as to sketch out some design plans for the campus. I’d build a series of combination day cares/dog boarding/elder care/special needs care facilities. So basically a group home and nursing home, where people live permanently, with a place for toddlers and dogs to come during the day. The full-time residents would have supervised interaction with the kids and dogs. If done well, everyone would be a winner. Old people LOVE spending time with little kids and animals. Special-needs people love it too. Both groups need to feel “useful”, and what better way to feel “useful” than to do something that needs to be done: entertain kids and dogs? There would be a full staff of helpers, nurses, teachers, and therapists, of course. All interactions would be supervised and structured. The entire campus would be built around a central park. The park would have a playground, field, and track (so people...

Your e-wallet is now your bank account. Leading digital wallet firm Paytm kick-started today the third payments bank of the nation after Airtel and Indian Post. Paytm is offering customers a 4 % interest rate, which is the lowest among the three. Airtel offers 7.3 per cent interest and India Post about 5.5 per cent annually. This means that  Paytm  users can now get almost every banking service that a conventional bank offers with their e-wallets. Many Paytm users, however, are not completely familiar with payment banks. The e-commerce site provides a detailed explainer on what Payment Banks mean and what Paytm users should do. What is a Payments Bank? Payments Bank is a new type of bank, licenced by the Reserve Bank of India. As a Payments Bank, Paytm can now accept customer deposits upto Rs. 1 lakh per customer in a wallet, savings or current account and offer other banking services like Debit Cards, Online Banking and Mobile Banking. How is a Payments Bank...

There have been many queries similar to this question and I had provided a decent, workable financial plan, that will help you to build wealth and meet your financial goals at various points in life. The first thing is to check if you are saving all the possible money - meaning, have you claimed all the exemptions and have you filled in the taxes properly. All the options of Section 80C for exemption purpose are listed below. Checking of the tax filings so that each and every exemption is availed by you. Given below is the list of all items that need to be completed to file for income tax returns (calculation of tax payable). Once you are done with this, you now know the Total Income (gross), exemptions availed, Net Income, Taxes paid etc. After this is completed, the next part is to look at all possible investments. There are many options of investment for a retail investor and most of them are covered under this section. The basic rules of investing invol...

wish to inform you that transfer of funds through electronic mode will be executed only on the basis of the account number of the beneficiary provided while initiating the transaction. ( As per RBI Circular RBI/2010-11/235 DPSS (CO) EPPD No. / 863 / 04.03.01 / 2010-11 dt October 14, 2010 ). Hence, the funds were credited to the account number mentioned while executing the transaction. In this regard we give below the judgment of Supreme Court on wrong Credit “The Supreme Court in Jammu & Kashmir Bank Ltd v. Attar-ul-Nisa (1967) 37 Comp case 62 (SC)." The Supreme Court held that if a third party, by mistake deposits the money in the account of some other person, as soon as the money is deposited in the a/c of such third person, who is a customer of the bank, the money becomes the money of the customer, and it is not open to the bank in such circumstances without obtaining the consent of the customer, to reverse the entry of credit made in his a/c and in effect pay back th...