Panch means "five", and Sheel means "good behavior"; thus Panchsheel means five good behaviors. They are different in different contexts.

Panchsheel for physical well-being are: (1) Saatwik and limited food; (2) adequate use of pure water; (3) deep breathing in open air; (4) honest labor; and (5) care-free rest at night.

Panchsheel for wellbeing of mental health are: (1) sportsmanlike spirit, (2) sense of humor, (3) self-control, (4) sanctity of work and (5) self-contentment and enthusiasm.

Social Panchsheel are: (1) honesty; (2) honest and sincere discharge of responsibilities as a citizen; (3) gentle polite and sweet behavior, (4) credibility and (5) willing and glad cooperation.

Family Panchsheel are: (1) feelings of cooperation, gratefulness and service towards elders, (2) affection for and cooperation with youngsters, (3) open-hearted love between the spouses, (4) nobility of character as true prosperity; and (5) to have minimum number of children.

Religious Panchsheel are: (1) unity (2) equality (3) co-existence (4) tolerance; and (5) deep devotion towards the Divine.

Spiritual Panchsheel are: (1) unflinching faith in divine law of sowing and reaping; (2) self-reliance; (3) living simple life of an average citizen and utilizing the balance of resources for philanthropic purposes;
(4) keen aspiration for Jeevan Saadhanaa; and (5) loving kindness towards all Creation.

All these Panchsheel and duties should be duly discussed and evaluated so that members of the family could understand the significance of Bali-vaishya towards achieving inner refinement while functioning in
the work in a-day life.