What the pundits had been saying for a while has turned out to be true. Even the worst performing mutual fund schemes have returned more than Public Provident Fund and Fixed Deposits.

Await developments, and if gratuity is allowed earlier, make plans to invest the gratuity for your retirement as it would be a windfall gain for you.

20’s are an exciting time, to take risks and to find your calling. But you must be mindful of how you manage your money whilst taking the risks. This personal experience of a 30-something professional will help you avoid some common money mistakes.

The next time you are asked by any merchant to pay any transaction charge, simply refuse and mention the RBI circular. You can also take up the issue with your bank.

In your case, you want to save and grow more in a small amount of time. This means you don’t have a choice but to take more risks.

What if there was a way to get better returns, and have almost the same ease of withdrawal that banks provide? Use mutual funds as substitute to your savings bank account.

What should I do? Plan your finances before you quit. Create an emergency fund for contingencies.

What should you do: Get health insurance but check if it suits your needs.