Its Time to get Serious About Investor Education
Do you know how much money you have in the bank? Do not be too surprised if you cannot come up with a figure. About half your fellow citizens are in the same boat. It is a bit unfair to expect anybody other than those either terminally obsessed with money or with absolutely nothing else better to do with their time to name the balance in their savings account to the paisa.
Of course, most of us do know the amount we have in fixed deposits. The original sum, that is. In fact, a survey conducted by the Asian Development Bank a couple of years ago, found that slightly over half the respondents (it was an all-India survey which covered 50,000 people in both urban and rural areas), were aware of their investments (predominantly bank deposits) and also knew what interest rate they were getting on it. But that does not mean that they knew the actual worth of their investments.
More : hindustantimes.com