Building wealth doesn't require a fortune to start with. Anyone can start investing in a Systematic Investment Plan (SIP) by consistently saving a small part of their monthly income.

Bank FDs offer risk-free and stable returns, making them ideal for risk-averse investors. On the other hand, fixed income mutual funds provide higher potential returns and liquidity, for those seeking growth and flexibility in their investments

The Monetary Policy Committee had kept the policy interest rate unchanged at 6.5% in June for the eighth consecutive time, citing inflationary concerns. The RBI governor defended the decision while addressing the Bombay Chamber of Commerce.

The contract between bank and customer resembles a rental agreement. The landlord is unaware of and not liable for contents or damages within the property. Similarly, the bank is not accountable for locker contents as it remains uninformed about them.