Where can I store my Time? Answer: In a Time-Saving Account or Time Current Account. There would be TimeBanks underneath the ambit of a TimeBank of India (TBI). I could make investments Time in fixed deposits and routine deposits to attain the blessings of compounding in an extended-term scenario.
I could create an FD of my informal leave and earn go away. I ought to make investments in my Time in mutual funds, inequities to hedge towards time inflation (which takes place when the call for Time will increase and supply decreases). There would be a Bombay Time Exchange: human beings ought to change in Time through the alternate. There might be Time Insurance and Time Bonds. There might be Time Credit Cards. People should take a mortgage from time banks. For example, take a 20-hour quick-term mortgage for examinations.
Here, one question arises. How can we shop for Time? The regulator, TBI, might play a decisive role in this. For every painting, the TBI should specify a specific time restriction.
If you finish it inside that Time, you keep. If you exceed the restriction, a lot of Time might be debited from a while saving account. The monitoring can be accomplished thru a DNA-connected vital server of the TBI. The watches would be distinctive for each person depending on the saving, which might be connected to the modern-day time account. Students who’ve saved extra Time in the financial institution ought to withdraw it and use it to prepare for examinations, for instance.