Hope you all aware that the electricity bill is going to be double from April 1st onwards.
When one door closes, another door opens, but unfortunately we always look for the door which is already closed.
No lock is manufactured without Key, for every problem there will be many solutions, but we always concentrate on the problem rather than looking for a solutions.
In life, there is something called area of control and area of not control.
The hike of EB bill is area of not control, so you and I can't do anything about it.
The area of control is how to manage those sudden increases of 100% hike in the EB Bill.
If the sudden increase of EB bills bothers you, then please listen to my practical solutions which are very simple for you to follow and address this issue.
In Mutual fund, very few heard about liquid and liquid plus funds which are similar to your savings account and it is absolutely risk free and it will not participate in the market, so don't worry about the market volatility. In the current scenario, it earns somewhere between 7and 8% interest per annum. Normally, the savings bank account gives 3.5% to 4% and the interest is paid after 6 months by the bank.
People who earns 5 lakhs per annum, normally keep 1 lakh in a bank account for contingency fund, instead of keeping it in a bank account the money can be parked in a liquid fund and for 1 lakh, there will be a minimum of 20 rupees interest per day and for the next 2 months one can earn 1200 rupees. That's what the increased amount of our EB bill.
Reliance mutual fund is offering reliance ATM card, so in between if the investor needs money they can go and withdraw in any one of the ATM across India. IDFC is offering SMS facility to transact online by buying and selling liquid funds in finger tips. All the mutual fund companies are offering this kind of fund.
For the corporates, they will not get any interest in their current account and normally SME and big corporates will have at least a monthly invoice around 1 Crore and it will be coming to their account on 25th of every month and they have to disperse in terms of salaries and other expenses on 1st of every month.
1 Crore in 5 days will earn around 2000 * 5 = 10000 rupees, which normally they allow the present bank to enjoy the benefits and apart from that they will maintain few lakhs and if you calculate the interest then it would be somewhere 15K per month and for 1 year it will be 1.8 lakhs. By simply moving the money here and there they can make 1.8 lakhs, the bigger the corporate the better will be the additional money.
Man and Money should not keep idle; if you try to understand the characteristics of the money then you can probably use it to your advantage.
I would be very happy; if few of the mail recipients understand this and make use of it then the purpose of the mail is fulfilled. For those who do not react immediately will at least know there is a solution but we can look forward little later!
Happy to assist you; in case if you need any clarification on this.