Savings Bank Accounts With Benefits


wealthymatters.comSince the RBI deregulated the interest rates on savings bank accounts last October,it’s possible to make a bit more on the liquid cash we must all keep for day to day use and emergencies.Here is a link to a web page that keeps track of which bank is offering what on its savings bank deposits:http://www.ratekhoj.com/savingsaccounts/results.php.Also,here is a little development the people at ratekhoj.com seem to have missed:http://www.thehindubusinessline.com/industry-and-economy/banking/article2737752.ece.And to save on banking fees consider opening a zero balance account with IDBI Bank etc, where¬†the fees on various services like issuing of DDs¬†have been waived.

PS Karnatka Bank now offers a 5% interest on its savings bank accounts.

Indian Philanthropy


wealthymatters.comHere are some major features of Indian Philanthropy as enumerated by eminent Indian businesspeople.They are perspectives that were articulated in response to the Gates-Buffett ‘the Giving Pledge’

1.”India has a very old culture of giving, since the time of Buddha. The concept of philanthropy is not new to us.”—-Rahul Bajaj, chairman, Bajaj Group.

2.”Philanthropy in the first world and in the third world are two different things. In the first world people donate to build a baseball stadium. In India, we have to decide for ourselves what we want out of philanthropy. It is not for the Americans to tell us.”

“shareholders have done more charity than Gates and Buffett put together. How? By allowing Cipla to export drugs for $100 million to Africa, which could have fetched $4 billion if they were exported to the US”—-Yusuf Hamied, chairman & managing director, Cipla Read more of this post

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