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Reasons to Choose digibank over Kotak 811


Even as a whole lot of frontline banks in India increase minimum balance requirements, slash interest rates on deposits, charge cash deposits and withdrawals, impose overt and covert conditions on withdrawals, increase banking fees and charges and generally upset retail customers with a savings mind-set, a number of products addressing the needs of these unhappy bank depositors have gained prominence. One good one is digibank by DBS.
Opening an account with digibank is a snap. And takes just 90 seconds. Just download the digibank App either from the App Store or Play Store and get started. When compared to competitor Kotak 811 that takes close to 5 min, you can see that digibank is already ahead.
Here is the whole process explained in pictures:

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Eat Your Way To Lower Taxes


wealthymattersEat , we all must. And done well, it  can be a small pleasure we indulge in 5-6 times a day, everyday  of our lives. And if we can reduce our tax-outgo , even as we indulge ourselves, we have more reason to be happy.

For the self-employed, there is the famous option of accounting for meals as business expenses and saving tax-outgo. And for the employed, there is the option of meal vouchers to save tax. Read more of this post

Ten Characteristics Of Self-Made Billionaires


wealthymatters1. High Sensitivity and Awareness

Beyond perceived eccentricities for things like timing, color, food, fragrance or texture, a self-made billionaire’s sensitivities can be heightened to the point of distraction, isolation or even debilitation. On the positive side, they each have their own unique sensitivities and heightened awareness that can seem extrasensory: everything from design functionality and perfect pitch, obsessions over air and water quality, knowing—with certainty—when someone else is dealing with a crisis. However, what’s special about the self-made billionaire is how they find ways to leverage their sensitivities and awareness to increase performance. Read more of this post

Axis Pay


wealthymatters

Like PayPal and similar payment systems that you can operate without giving out or asking for other people’s bank or credit card details? A PayPal-like service with no fees? A PayPal-like service that allows instant money transfers and receipts ?

Now you have Axis Pay.Axis Pay is an easy to use app which you can link to any bank account, even those not with Axis Bank, to send or receive payments to anybody instantly and securely, with just your name. And all for free !!!!

Axis pay is powered by the UPI. UPI stands for Unified Payments Interface which is a platform provided by the NPCI ,i.e. National Payments Corporation of India, to facilitate inter-operability among various banks. It’s a one stop solution for multiple bank accounts ,in various banks, accessible via one app. It allows all account holders to send and receive money using their smartphones with a single identifier called virtual payments address(VPA) .VPA is a unique ID which a person must create and link to any of their bank accounts to make secure payments. This unique ID can be yourname@axisbank or mobilenumber@axisbank etc which is easy to remember. Each VPA is unique to a particular user. So there is no need to know the payee’s or payer’s IFSC code, bank account details, etc. and this makes the process less taxing on the a person’s memory. Read more of this post

Demonetization And Inflation


“When M1 enters the banking system and bumps up M3,that will, ceteris paribus, give an upward thrust to inflation .”

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