Subasu,

The ADX indicator too is an indicator based on some stastical formula. A brilliant indicator which calculates something called directional spread over days.... its very consistent most times....

Ok dept of stastics data does not reach the FM before its released?...

subasu,

He gave me some complex calculations that went right above my head.. lol... no there is no penalty. He only said since this FD has a lock in for 3 years and is almost 2 years into it, if i have to break the FD, i will have to accept interest rate of only 8.5% for two years as thats what the interest rate table shows for 2 years when i booked it. So no penalty but only repayment of excess interest paid coz i am breaking it sooner.

Okay i will have another chat with him....

Ashal,

I realized i am no good in finance. If i remember one thing i forget the next and my parents know nothign but FDs... so its no use.. most brahmins are like that...

I have so many policies, ICICI MILLINOARE BONDS, etc etc.. the houses i sold off coz i knew if i sell this i get this and its a multiple but in these insurance policies and millionare bonds i have to calculate inflation to see the worth and i dont know how to consider inflation when arriving at networth.

BTW ystday finance minister said IIP numbers may not be correct.. i was aghast.. i though IIP numbers are released by the govt? Wonder who releases the IIP numbers.. so they have no hand in the release of such data? What a disconnect between growth and IIP numbers.

When u plan do u take inflation also into account.

Going forward do u see interest rates hardening or softening?...

Ashal,

Thanks, yes its new jeevan dhara. I think i will remove the money here and invest it in some good stock....

NODIK,

Its into prawn culture?

Oops no not for me.. i am pure vegetarian by diet and by shopping too....

Ashal,

Thanks a million, this is what i wanted.. even the bank manger gave me to continue giving me some calculations, but i was too ashamed to ask my doubts... thanks....

Radhikaji, In northindia most of the cities hv Swami Ramdev stores where you can get most of the aruvedic items in good packing at reasonale price incl triphla provided you know their local names.Regards...

Radhikaji Thanks for the info.Google says Flax seeds are called Alsi seeds in north india.Regards...

1108 RN If you leave the FD in 9.5%scheme the total interest recd is 35*9.5%*3=9.975L If you switch to 11% interest for the last year,total interest would be 35*11%=3.85L plus 35*8.5%*2=5.95L making it 9.8L only. So do not change it and the censored portion of the message: hmmmm will not Rs 7 become Rs 8 in 12 moths? (14.3%)..LOL ...

Index of Industrial Production is released by the Government of India, Department of Statistics in the Ministry of Finance. As we all know, statistics in India is a science yet to be perfected. Not all industries report their performance in time. That is why you will find the data published in the RBI`s monthly bulletin has data which is six months old at the time of publication. I am in agreement with the Honourable FM. Now, I foresee a drop in interest rates as that will put back the industrial production on rails. Borrowers of home finance will also have some relief in home loan interest rates....

I find that you will still be able to get Rs. 28K more after paying the penalty of 1% for two years. I suggest you straightaway go to SBI and ask them what will be the net gain accruing to you if you break this deposit. (Some official of SBI once told me that there may not be any penalty since you are not closing the FD but only renewing it for a fresh period at a different rate of interest.)...

radhika nandlal Good you took a right decision, not worth taking a second look....

Dear Radhika_nandlal, U r time & again talking about Jeewan dhara Plan, but in my view ur Hubby had started New Jeewan Dhara or New Jeewan Dhara - 1. The reason is, the plan named as Jeewan dhara was discontinued by LIC way back in 2001. This plan was just like an FD/KVP offering from LIC. Under this plan, the single prem. invested `ll be returned after 10Years as 3 times. Say u had invested 1L Rs. in 2000, u `ll get 3L Rs. in 2010. As u r telling that u r paying prem. yearly, it means the older jeewan dhara plan is not with U. Infact the new Jeewan dhara Plan is a deffered annuity plan. Returns under this plan r very pathetic. Only around 2.5 to 3.5% during accumulation phase. Every year LIC announces bonuses for these policies & these bonuses r simple reversionary bonuses. Even after completion of defferment period (read prem. paying term), the pension received from these plans is very - very poor. Make an informed decision. Thanks Ashal ...