In one of my blog, I explained the difference between Productive Asset and Non Productive Asset & I suggested, not to invest in Non Productive Assets…There is one more class of Asset & it’s called Depreciating Assets. Your 4 wheeler i.e. Car falls in this category. The assets in this category neither appreciate nor give any regular returns or helps in savings. The investment in this asset class depreciates over a period of time. On top of it, if u buy any such asset by availing loan then it’s a huge Financial Loss/burden. Always avoid Car Loan and Car should be purchased from own fund ... Read More
Tata Sky – Pathetic Service and Faulty HD DVR Box will cause it’s Downfall
I am using Tata Sky from almost 4 years and in Jan'12, i purchased Tata Sky+HD based on merits of product (on paper).....Obviously on paper, a product might look 7th wonder of the world but only after using the same for 3-4 months u can find out its merits & demerits. Now its been almost 4 months & its time to write a review on Tata Sky (Tata +HD DVR & Customer Service)...Again on papers, i might be premium customer of Tata Sky as i have Tata Sky +HD DVR with multi TV connection & i have subscribed to Mega Lite Pack...But now Tata Sky is setting new standards in pathetic ... Read More
Step-Motherly Treatment to Existing Home Loan Customers
The Golden rule for any business to flourish is to keep existing customers happy but Home Loan Lenders like SBI, HDFC, AXIS, ICICI etc think otherwise…For any individual, Building own dream house is a major achievement of life but this happiness is short lived if you have built ur dream house by taking Home Loan…Home Loan business is in deep mess right now and all the home loan lenders i.e. both the Banks e.g. SBI, Axis etc and HFC (Housing Finance Companies) e.g. HDFC Ltd, LIC, DHFL etc are taking their existing home loan customers for bumpy ride, reason being existing customers are paying ... Read More
RBI – The King without Kingdom
On April 17, 2012 RBI cut Repo Rate by 50 basis point (1 Basis point = 0.01%) i.e. by 0.50%. The new Repo rate effective Apr 17, 2012 is 8%...In layman term Repo (Repurchase) Rate is the rate at which the RBI lends money to the banks therefore now banks can get fund from RBI @ 8% interest i.e. 0.5% cheaper than before. What it implies is that Banks can now borrow the money for cheap & therefore logically should lend at cheap rates. Let me explain how this cycle work, Banks monetary reserves are build through various deposit channels like deposits in Savings Account, Current Accounts, ... Read More
5 Reasons why you should not hire Property Management Services?
As i mentioned in my previous articles that Indians go abroad, copy the concept & try to implement in India…Property Management Services (PMS) is again one such foreign concept…In metro cities, these firms are mushrooming in every nook and corner of the city. As usual these companies forgot to understand the basics behind this concept..You must be wondering what’s wrong with Property Management Services; I am listing down 5 reasons why u shud not hire Property Management Services 1. Subletting not allowed as per Law in many Indian States: In simple terms subletting means "To let or lease ... Read More
How to get a Safe Deposit Locker from Bank?
Trust me it is very difficult to get a Safe Deposit Locker from Bank..I faced this trauma thrice in life…Now U must be wondering, i must be super rich and hired 3 lockers but to clarify as & when i changed cities during professional journey, i required locker in new cities…The crux of the matter is to get a locker from bank is like snatching a piece of flesh from the jaws of a Lion. As some wise men said “Experience makes men wise & so as I”… After 3 traumatic experiences, i understood “How to play with psychology of bank staff” & i would like to share with all. Basically Lockers ... Read More
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