Dy Patil international university akurdii pune

Ans: Dear Mr. Suryanarayana,

I apologize for not having the details of the earlier question asked by Mr. Ranjith. However, I can provide some general insights into the matter of premature closure of Fixed Deposits (FDs) and the calculation of interest income:

Scenarios for Premature FD Closure
Penalty-Free Premature Withdrawal with Interest Rate Adjustment:

Some banks do not impose a penalty for premature closure but will recalculate the interest based on the rate applicable for the actual period the deposit was held.
For example, if you had a 3-year FD with an interest rate of 6% but you close it after 1 year, the bank will recalculate the interest at the 1-year FD rate, which might be 5%.
This adjustment generally leads to a lower interest income than initially expected because the shorter duration rates are usually lower.
Penalty Imposition:

Other banks may charge a penalty for premature withdrawal. This penalty is typically a percentage of the interest earned or a reduction in the applicable interest rate by a specified percentage.
For instance, if the bank imposes a 1% penalty on a 1-year FD rate of 5%, the effective rate becomes 4%, reducing your interest income.
Impact on Interest Income
Lower Interest Rates: When the bank recalculates interest based on the period the FD was actually held, it almost always results in lower interest income because shorter-term rates are generally lower than longer-term rates.
Penalties: Penalties directly reduce the interest income, either by deducting a percentage of the interest earned or by lowering the applicable interest rate.
Conclusion
In both scenarios, premature closure generally results in lesser interest income compared to holding the FD until maturity. The exact impact depends on whether the bank applies a recalculated rate for the shorter period or imposes a penalty. Both methods are designed to compensate the bank for the early withdrawal and typically reduce the overall interest earnings for the depositor.

If you have any specific cases or examples you'd like to discuss, please provide further details, and I'd be happy to offer more tailored insights.

Best regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ans: If you’re passionate about electrical and electronics, VNIT Nagpur is a good choice.
If mechanical engineering aligns better with your interests, consider IIT Gandhinagar.
Visit campuses (if possible) and assess factors like faculty, infrastructure, and placement records.
Choosing between VNIT Nagpur (Electrical and Electronics) and IIT Gandhinagar (Mechanical) is a significant decision.

VNIT Nagpur (Electrical and Electronics):
VNIT Nagpur is a well-ranked institute for engineering programs. The faculty for electronics is reputed, making it an ideal choice for electrical and electronics.
Electrical and electronics engineering combines knowledge from both fields to create innovative solutions for power systems, communication, automation, and more.
Designing microchips, working with sensors, building communication networks, and developing consumer electronics, electrical circuits, working with transformers, motors, generators, and power grids.

IIT Gandhinagar (Mechanical):
IITs are prestigious and offer excellent academic environments.
Mechanical engineering at IIT Gandhinagar provides diverse career opportunities.
Mechanical engineering is a versatile field that involves designing, analyzing, and manufacturing mechanical systems.
Students learn about mechanics, thermodynamics, materials science, and design principles.

Ans: If you’re passionate about computer science, Manipal Jaipur could be a good choice.
If you lean toward mechanical engineering, consider Thapar or VIT Vellore.
Visit both the campuses (if possible), check faculty, infrastructure, and placement records to make an informed decision.
Remember to follow your interests and long-term goals.
Choosing between Manipal Jaipur (CSE), Thapar (Mechanical), and VIT Vellore (Mechanical) is an important decision.
Manipal Jaipur (CSE): Manipal University has a decent reputation, and computer science is a sought-after field.
Thapar (Mechanical): Thapar University is well-regarded for engineering. Mechanical engineering offers diverse career opportunities.
VIT Vellore (Mechanical): VIT Vellore has a strong brand presence, good placements, and exposure.

Ans: Consider your son’s preferences, long-term goals, and financial considerations.
Research both colleges further, visit campuses (if possible), and assess factors like faculty, infrastructure, and industry connections. Ultimately, the better choice depends on individual priorities.

B.Tech. Mechanical Engineering: Manipal University is well-reputed and offers opportunities to its students. The average placement package is around 7 lakh per annum. Considerations: Manipal has higher fees, but it might be worth it if you have strong connections or specific career goals.

B.Tech. Mechanical Engineering: MIT-WPU offers a dynamic curriculum covering mechanical engineering principles, including fields like e-mobility, biomedicine, aviation, and energy. The average placement package at MIT-WPU is around 2.5 lakh per annum. Some students find MIT-WPU beneficial despite the hefty fees, while others have mixed reviews about the study atmosphere.

Ans: Based on your COMEDK rank, here are some good colleges for Mechanical Engineering that you can consider:
JSS Science and Technology University:
Closing Rank (2023): Civil Engineering - 36,447, Mechanical Engineering - 27,5441.
REVA University:
Closing Rank (2023): Civil Engineering - 71,925, Mechanical Engineering - 51,7871.
MSRUAS Bangalore:
Closing Rank (2023): Civil Engineering - 36,783, Mechanical Engineering - 28,3861.
DSU Bangalore:
Closing Rank (2023): Electronics & Communication Engineering - 20,1291.
Presidency University:
Closing Rank (2023): Computer Science & Engineering - 17,631, Civil Engineering - 73,909, Electronics & Communication Engineering - 17,6311.
Remember to check the official COMEDK UGET website for the most up-to-date information and consider factors like campus environment, faculty, and placement records.

Ans: Pursuing an M.Tech from an IIT can be a great choice, especially with your 9 years of experience. Here are some benefits and considerations:
Enrichment: You’ll deepen your knowledge in a specialized field, which can enhance your expertise.
Networking: Interacting with subject experts and fellow professionals can broaden your network.
Technical Leadership: M.Tech programs often prepare you for technical leadership roles.

Placement Packages:
While M.Tech placements vary, your experience can positively impact your package.
IITs have strong industry connections, and your background may attract recruiters.
Research the placement records of specific IITs and their M.Tech programs to get a clearer picture.

Ans: Navigating the dynamics of a long-term marriage, especially one complicated by physical distance, is indeed challenging. Your situation is layered with decades of shared history, responsibilities, and deep commitments.
First and foremost, it’s crucial to try to understand your wife's perspective. Living apart can create emotional and physical distance that’s hard to bridge during occasional visits. When she says she’s not particularly excited about your visits, it may not necessarily reflect a lack of love or care. Instead, she might be grappling with the routine and demands of her daily life, which can often dull the excitement of reunions. The responsibilities of managing a household, even with help, combined with the constant care for your children, can be incredibly taxing. This often leaves little room for nurturing the romantic and intimate aspects of a relationship.

It’s also possible that she has grown used to the independence that comes with your living arrangement. Over time, people can adapt to new rhythms and find comfort in their routines, even if those routines don’t include their partner as prominently as before. This doesn’t necessarily mean a lack of love; rather, it’s a shift in how she’s accustomed to living day-to-day.

For your part, consider what you’re seeking from your relationship and what you’re currently receiving. You’ve mentioned feeling like a provider rather than a partner, which can be deeply unsatisfying. Reflect on whether your expectations align with the reality of your relationship. Are you hoping for expressions of affection and excitement that your wife may not be able to provide right now due to her own emotional or practical constraints?

Your frustration and sense of being undervalued are entirely valid. It’s important to acknowledge these feelings and not dismiss them. However, the key is to approach this situation without letting these feelings drive a wedge between you and your wife. Instead of focusing on what’s missing, try to identify what’s still present in your relationship. Your shared commitment to your children and the mutual sacrifices you've made are significant bonds that can still be honored and celebrated.

In terms of intimacy, it’s understandable to feel hesitant about initiating when past attempts have led to rejection. This aspect of your relationship might require open, honest, and non-confrontational dialogue. Let your wife know that you miss the closeness and that it’s important to you, not just physically but emotionally. It’s possible she might not fully realize the impact her disinterest has had on you.

While it’s clear you’re committed to staying in the marriage for at least the next decade, it’s also important to focus on your own happiness. Invest in self-care and activities that bring you joy outside of the relationship. This could be pursuing hobbies, spending time with friends, or even exploring new interests that fulfill you personally. Building a satisfying life for yourself can alleviate some of the pressure on your marriage to meet all your emotional needs.

Acceptance can be a powerful tool in finding contentment. Accepting that your wife may not be able to give you what you once had or what you currently desire doesn’t mean giving up on the relationship. Instead, it’s about finding peace with the current reality while still cherishing and nurturing the aspects of your relationship that are strong and positive.

Remember, relationships are dynamic, and people change over time. What’s crucial is finding a balance that allows you to feel fulfilled and connected, even if it means adjusting your expectations and finding joy in different ways. Continue to express your love and support for your wife and children, but also give yourself permission to seek happiness and fulfillment in ways that are within your control.

Ans: I understand that facing unemployment after a long career can be challenging.
You can Reflect on your skills, interests, and strengths. What aspects of project management and marketing do you enjoy the most? Identify areas where you’d like to grow or learn new skills.
On contrary leverage your professional network. Reach out to former colleagues, friends, and industry contacts.
Attend industry events, webinars, and conferences to connect with potential employers.
Further more you may consider online courses or certifications related to project management, marketing, or any other field you’re interested in. Upskilling can make you more competitive in the job market.
For Job Search, use job portals, company websites, and recruitment agencies to search for relevant positions.
Be persistent and proactive in your job search.
Emphasize your experience, adaptability, and willingness to learn.
Address any concerns about age during interviews by focusing on your skills and accomplishments.

Ans: Engineering is a field open to everyone, regardless of gender. Women have excelled in various engineering disciplines.
VIT Chennai provides a supportive environment for all students, encourage your daughter to pursue her passion without any hesitation.
Encourage your daughter to actively participate in clubs, workshops, and networking events related to EVs.
Connecting with industry professionals and fellow students will enhance her learning experience.
The EV specialization is forward-looking and aligns well with the global shift toward sustainable transportation.
It covers topics like battery technology, power electronics, electric drivetrains, and vehicle dynamics related to EVs.
Your daughter will gain expertise in an emerging field with significant growth potential.