Money Talk

Can everyone open and operate a bank account?
Who cannot open and operate a bank account?

There is very little information available online.
But in reality there seem to be some restrictions. Some individuals are not allowed to operate bank accounts, freely withdraw cash, buy things with their hard earned money.

These are 2 real life cases which are verified
1. The lawyer without a bank account
2. The student who no longer could operate her bank account.(she was the second fiddle)

Each of the above cases will be discussed in detail later.  If you have any additional inputs , suggestions or have come across similar stories, please comment below.

In foreign countries , domain investing is considered to be a legitimate form of investing. Like other investments, investing in domains requires a lot of skills and experience. For example, if you invest in shares, you have to spend some time researching the different companies, studying the balance sheet, profit and loss account, dividend and decide to invest based on your term goals. If you do not have the time to research companies, you may invest in mutual funds where the fund managers do the research and buying and selling for you. For this , you pay a fund management fee to the mutual fund .

If you develop domains into websites , it is another form of investment , which may or may not yield a dividend. A webmaster developing and managing thousands of websites of her own, has spent many years researching the market, is an expert in the field. Her returns will be higher than other domain investors who use third party development services because she does not have to pay an additional” management fee ” (like the fees charged by mutual funds).

At times , your bank account is incorrectly debited and you can find it difficult to track or trace the reason for the wrong debit. In such cases, most banks list charges on their website and referring to this can help you file a proper complaint.
For State Bank of India (SBI) the list of charges is given below

https://www.sbi.co.in/user.htm

It is always better to submit a formal written complaint to the bank and then followup regularly.

Stock markets are at a 2 year low

http://indiatoday.intoday.in/story/sensex-nse-bse-nifty-indian-stock-market/1/164851.html

http://business-standard.com/india/news/markets-end-lower-for-fourth-consecutive-session/153255/on

Time to review your investment in equities. Business/government focus currently is on big corporates.

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