Bank Lockers vs Personal Home Lockers

  • General
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  • 10 Jul 2017

Your valuables are not safe, even in a bank locker. The RBI has stated that banks will not compensate if the contents of the locker are stolen or damaged in a natural calamity.  Responding to a RTI query, the RBI and some PSU banks said that the relationship between a bank and a customer with regards to lockers was that of a landlord and tenant. The tenant (that’s you, the customer) was responsible for the valuables kept in the locker owned by the bank.  If banks are not ready to take responsibility for the safety of the contents, is it worthw


Managing Finances at Old Age

  • General
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  • 2 May 2017

My newest friend is 89 years old. The glimpses I get of the world she has lived in are fascinating, as she regales me with stories that she seems to remember so vividly. My friend is a smart and intelligent woman, having retired as professor from a top university.  When we speak about finance, she laughs. She wonders why it is so difficult for so many of her friends to give up managing assets when they age. Stories about the elderly, especially the very old, like my friend, tend to be about their care or the lack of it. Most of us judge the young harshly fo