As we saw in the opening episode of this blog post housewives present a typical example of insufficient financial awareness and it will be a service to society if sincere efforts are made to equip them with sufficient financial awareness. The reasons […]
If we are having a bank account and visit the bank branch regularly most of the time when we visit the branch we can see some clients getting angry, shouting at the bank staff, in turn, the front office staff or the […]
power of compounding : The Recurring deposit… Compounding works by growing our investments many times. This is done by adding our interest or profits back to the principal and the entire amount is reinvested to get more return. In banking transactions compounding […]
Interest rate cycles.how to benefit from.? We are now seeing in newspapers that the banks are gradually increasing the interest rates on loans and deposits. This increase follows the changes announced by the Reserve Bank Of India in the bench mark rates.Depending […]
Better late than never. During my service in the bank I worked in some of the rural branches situated in Tamil Nadu. working in a rural branch was difficult due to insufficient transportation facilities, lack of sanitary facilities, frequent power cuts etc.,.But […]
Open your bank account today…. As we saw in the previous episodes banks play a very important role in our life and every one of us should have a bank account if not already opened. The easiest and best understood bank account […]
Banks are the stepping stones. In the early days banking remained simple. Banks accepted deposits from public and disbursed loans against suitable securities..In the process earned profit.But as times changed and with increased competition from more and more branches the banks also […]
In my introductory episode last week I outlined the need to spread financial literacy. I also mentioned that I will be writing on banking, savings, and investments as also on loan products. This week let me tell you about financial literacy and […]
Dear Readers, I am Pichai Iyer, from Chennai, India. I worked in the banking industry for about 37 years. The banking job provided an opportunity to travel and live in different parts of the country. It was tiresome and disturbing to move […]