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posted Jan 25, 2017, 6:46 PM by Don Bosco Development Society   [ updated Jan 25, 2017, 6:46 PM ]
Chinchwad (Pune), January 2017: Continuing with its Financial Planning Literacy initiative, the Don Bosco Development Society (DBDS) conducted a workshop on savings and investment for the low income group people in Chinchwad. The workshop focused on JAN-DHAN–NIVESH; how the common man can invest to get exponential returns.  The workshop was attended by 41 leaders of the Self-Help Groups (SHGs) and the staff of Don Bosco, Chinchwad. Mr. Mahesh Kumar (Sr. Programme Manager of DBDS) was the resource person for the workshop. 

 The workshop demonstrated how a small disciplined saving every month can turn into a big return using the power of compounding. In a world where inflation is eating away the purchasing power of money, it is necessary that savings are invested in an instrument which gives better returns. Schemes like Public Provident Fund is an excellent scheme for long term goals, Sukanya Samruddhi Yojana is an excellent scheme for girls upto 10 years of age to fund their higher education and marriage. 

The workshop covered following topics like: Thumb rules on saving and investment, RBI and Banking + Ponzi Schemes, Time value of Money, interest rates, Compounding, Discounting, etc. The workshop ended on a positive note where people invited the trainer to hold such sessions for their communities. People were motivated to start investing in small savings to meet their financial goals.