Investment

Investing lets your money earn some more money, thus getting it to work harder for you. In effect, your savings do not sit idle, but help you profit from them. As the cost of living keeps increasing and every day expenses keeps rising, investing lets you keep up with these changing market conditions. Investing small amounts of money over a period of time brings you closer to your financial goals.

You can stay invested, even by saving small portions of money on a monthly basis. Thus, the first successful investment decision, is the decision to start saving. Investing is a lifelong activity; you need to keep investing regularly.

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List of Banks in India

LIST OF BANKS IN INDIA

Central Bank:

• Reserve Bank of India

State Bank of India & 7 Associates:

• State Bank of India

• State Bank of Bikaner & Jaipur

• State Bank of Hyderabad

• State Bank of Indore

• State Bank of Mysore

• State Bank of Patiala

• State Bank of Saurashtra

• State Bank of Travancore

Nationalized Banks:

• Bank of India

• Bank of Baroda

• Canara Bank

• Corporation Bank

• Indian Bank

• Indian Overseas Bank

• Punjab & Sind Bank

• Punjab National Bank

• Syndicate Bank

• Vijaya Bank

• Central Bank of India

• Allahabad Bank

• United Bank of India

• Bank of Maharashtra

• Andhra Bank

• Dena Bank

• Oriental Bank of Commerce

• UCO Bank

• Union Bank of India

Major Private Banks

• Axis Bank

• HDFC Bank

• ICICI Bank

• IDBI Bank

• Kotak Mahindra Bank

• Dhanalakshmi Bank

• Federal Bank

• Catholic Syrian Bank

• South Indian bank

• IndusInd Bank

• ING Vysya Bank

• Karur Vysya Bank

• Lakshmi Vilas Bank

• Yes Bank

• Centurian Bank of Punjab

• G.S.B. Bank of Commerce

• J&K Bank Ltd

Foreign Banks Operating in India:

• ABN AMRO Bank

• Abu Dhabi Commercial Bank

• American Express Bank

• ANZ

• BNP Paribas

• Citibank India

• DBS Bank

• HSBC

• Standard Chartered Bank

• Deutsche Bank

• Barclays Bank

And innumerable of Cooperative Banks

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To Save or Invest?

Well we all know saving and investing are two different perceptions towards money. Let’s see how saving is quite different from investing. In savings, your initial amount of capital or cash remains constant, it is untouched and best part is that your earnings are guaranteed in terms of interest. So almost no risk involved in savings. In investment he capital value can go up or down. And returns are not guaranteed. So basically it involves risk compared to savings.

Savings provide resources for emergencies. The primary goal is to store funds and keep them safe. This is why savings are generally placed in interest-bearing accounts that are safe such as those insured or guaranteed by the government; so that you will have minimal loss if any. However, savings generally have low yields. And that is the reason people tend to take some risk and try the option of Investment. Investments provide much higher opportunities to yield more.

Saving is like your insurance. It insures you against any unwanted unpleasant hiccups in your life. And you are surely going to have some in your life such as losing your job, unexpected medical expense in the family. It is the backbone of you and your family’s financial well-being. Saved money grants you financial security. And the more you save, the more financial secure and independent you could be.

The objective of investing is generally to increase your wealth; so that you will realize all your dreams. But Investing will always involve risk. Never depend on your investment. There is always going to be risk of your stocks losing money big time. So Save some money and invest some to ensure better future.

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