DK Kapila The Oracle

  Hi !! A group member was inquiring directly about Fixed Deposits. And Safety of his / her corpus in particular. Our investor wanted to step away from his / her traditional PSU Bank where he was fully invested in FDs. Plus someone told the investor that the PSU Bank in particular was not posting healthy financials. Now this is an individual decision. As to where to invest for fixed deposits. And if this is a prudent mode in terms of financial wisdom. And I am certainly not a financial advisor. Just a retired senior guy from a major financial institution. But I have clarified as follows - and later thought of sharing what I clarified - Safety wise we have Post Office. They have only Time Deposits. Here Interest is paid yearly. Then there is the Monthly Income Scheme offering 7.4 percent. These rates are reset from time to time. They may be slightly cumbersome to approach and invest in but they are the safest. Technically you are depositing with the Govt / Sovereign. NSCs KVPs are ...

  Financial Awareness & Certain Relationships can impact financially - Be Aware. Dinesh Kumar Kapila Why this thought or piece. The trigger is a case at major private sector bank (the world revolves on its) in a rural area where a Branch Head duped account holders by simply taking their cash and assuring the deposit and then running a scam around it. Or at another bank branch (had many ladies heading it once) where the branch staff was siphoning cash and a blackmailer was doing it to them !! It’s actually not just banks or NBFCs or the like. Frauds and leakages do happen at many financial institutions but could there be any precautions on our part in some cases. To minimise a loss of capital or the chance of it happening. Fundamental errors of judgement are made which lead to it or too much trust is vested in a relationship. Could be a friend or middleman or agent or just an acquaintance from one’s community. We live in an increasingly digitised frenetic world. The first and ...

 Its Faith that counts always  Dinesh Kumar Kapila Sh DS Khanagwal was sitting with me the other day. He graciously dropped in to convey his condolences on the passing away of my father. It would be a month or so since Dad passed away. I sat quietly as he spoke, I was wondering at this side of him and at the same time appreciating his advise., To be honest, he was more than a handful for me to handle way on many occasions way back in 2012-13, when he was at the Srinagar Office with me. But here today, he spoke with devotion and deep sincerity on Faith and religion. Retired, older than me, he left me with much to ponder on for which I remain grateful and acknowledged so to him too.  On the issue of faith he was direct, don’t think, don’t assess and don’t be intelligent in your mind about it. Accept and accept with devotion and a sublime mind. Faith comes from the mind and within and not from knowledge and analysis or for that matter even intelligence. It has to come from w...

  Engaged ! Keep Away from the Social Media !! Dinesh K Kapila I am looking for data. First of Chandigarh. Simply, the number of marriages taking place each year and then the cases for separation piling up in the family courts. Some data suggests the cases filed for separation could be seven hundred to eight hundred a year. That seems a lot for a comparatively small city. Even if I include nearby cities. And many marriages are said to unravel in the first two years or there is trouble afoot. Actually, there are a lot of youngsters walking around. With long faces. At least this is the impression I got. Reason. A break up after deciding to get married. The families got together and maybe just decided it was fine and the dates for the formal engagement and marriage were being worked out. Meanwhile the young couple have gone berserk on social media, on Instagram, Facebook, X and what not. Reels and stories abound. And I found the soul mate I was always looking for in various variatio...