When was the last time you undertook a comprehensive review of your finances and your financial plan? Have you drawn up a financial plan for 2016-17?
Do you know when your many fixed deposits and bond investments are maturing? Has the bank passed on the lower interest rate benefit to you and is it reflecting in lower monthly instalments for the home loan? Have you checked your insurance policies and mutual fund investments to see if they are compliant with the regulator’s know-your-customer KYC) norms?
