interest rates

Post Office Schemes like PPF & MIS to Offer Better Returns from April 1st 2012

Post Office Small Saving Schemes

There is a good news for millions of small investors in India as they will be able to earn more from popular post office schemes like Public Provident Fund (PPF) and Monthly Income Schemes (MIS). The government has raised interest rates on these investments by up to 0.5 per cent and this comes into effect from 01 April, 2012. As you might already know, the interest rates on EPF (Employee Provident Fund) was decreased by the govternment and to make up for it, the returns […]

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The Miracle of Compounding Returns – The Eighth Wonder

Benefits of Compound Returns

Some of the greatest minds in the world have marvelled over a simple, but extraordinary forceful concept – the power of compounding. Einstein called it “the greatest mathematical discovery of all time” and “the eigth wonder of the world.” The economist John Maynard Keynes described the “awesome power of compounded interest”. The Concept of Compounding The key to this concept is the way in which, given enough time, even apparently trivial amounts of money can turn into sizeable sums. In other words, the longer you […]

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8 Mistakes to Avoid When Using a Credit Card

Are you facing trouble getting your credit card debt-free? If yes, don’t curse yourself about it – you are merely one of the thousands of other consumers who feel the same. However, once you choose to change the way you spend on the Credit Card, it is possible to make your credit card balances manageable. The below mentioned mistakes, if avoided will help you stop adding to your existing credit card debt and start giving you control over your spends. 1.  Pay More Than  The […]

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