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FOR NRI’s: FCNR (Foreign Currency Non-Resident)

FOR NRI’s:  FCNR (Foreign Currency Non-Resident) The RBI extended full hedging-cost support for banks raising three- to five-year FCNR(B) deposits till September 30, 2026. FCNR(B) deposits are foreign currency deposits raised by banks from non-resident Indians. Banks...

Digital Rupee – Potential Impact on black money

The Reserve Bank of India (RBI) recently launched the pilot for its digital rupee — India’s very own digital currency. A central bank digital currency (CBDC) is a legal tender issued by a central bank in digital form. It is the same as a fiat currency and it is...
Goal Based Investment Planning

Goal Based Investment Planning

Goal Based Investment Planning The first step in goal planning is to document the time line to goal. You goal can be Child’s education, marriage or your own retirement. It can also be a short term goal like a vacation or buying a car etc. Once you know the time line,...
What is your Salary?

What is your Salary?

What is your Salary? I am not interested in the amount but the type of salary…There are different types of salaries. Read till the end and you will understand. Salary, is a specific amount of money that an employee is paid for work done. The big question is...
The Greatest Thing Money Can Buy!!!

The Greatest Thing Money Can Buy!!!

Money can buy a lot of things. But one thing clearly stands above the rest…FREEDOM Most people today spend their lives in what can only be called financial slavery: The bank owns their house. The dealership owns their car. The credit card companies and student loan...