Yesterday a cousin had to convert a pension plan to an annuity, and he had sought my advise. He had an accumulation of a small amount to be converted. They had sent him a form to his residence – he had filled it up and brought it. The form was complete in all respects…so he […]
If you are a businessman and you get a big income tax refund, it is time you changed your CA. An advance tax is something that you pay based on an estimate. Thus if your CA (or you) over estimated your income and because of that you are getting a refund, well, improve your ability […]
Good morning Mr. Subramanyam, this is Mr. A Saxena from Metlife Insurance company, can I speak to you for 5 minutes? Me: Yes please go on… Saxena: Sir you have 3 policies of Metlife which has expired, and ML has returned only Rs. 25,000 to you. Actually you have paid Rs. 125,000. We found that […]
So many people have asked me this question, in so many conditions, that I really do not know what to say! I have replied to this in many ways, so let me try one more. The simple answer is NO. However like most human beings you may want a more complex answer, right? There […]
One big PSU bank – which has been actively wooing me to open an account- called me and offered me a credit card. Here is the story. No exaggeration. Please believe me, it is the absolute truth. I anyway did not want the card, so can laugh at it, but if somebody wanted a card […]
When a person joins a company (actually any job – bank, government, army, private sector….) he/she gets an appointment letter. This letter has a ‘Gross Cost to Company’ figure…which looks good and impressive…say Rs. 600,000. Now the kid who gets this letter thinks he is going to get a cheque of Rs. 50,000 every month. […]
It is the time of the year when HR and accounts people chase you for your ‘investing’ proof. So people ask me the following questions: – should I invest in equities? -should I invest in ELSS? or should I invest in bank deposits, nsc or ppf? And worse, some people think they are doing ME […]