The central government is implementing various schemes to benefit almost every section of society, including pension schemes that provide financial security for old age. Four such schemes are Atal Pension Yojana, Mandhan Yojana, Jeevan Jyoti Bima Yojana, and Pradhan Mantri Vaya Vandana Yojana. Atal Pension Yojana allows you to invest between the ages of 18 … Read more
The Life Insurance Corporation of India (LIC) recently launched a new policy that combines insurance coverage with investment opportunities. The policy, named LIC Index Plus Policy, offers double benefits and is available to anyone under 60. By taking this policy, you can receive up to 10 times insurance coverage and the possibility of wealth growth. … Read more
The PAN card is a crucial document that serves as proof of identity for income tax purposes. It is mandatory for filing income tax returns and needs to be verified. The verification process can be completed online. The PAN card has a unique 10 digit alphanumeric number issued by the IT department and is valid … Read more
Many people are interested in investing in small savings schemes, such as Post Office Schemes Investments. These schemes offer attractive interest rates with government backing, guaranteed returns, and a significant tax reduction. Several schemes are available from the central government, including the Public Provident Fund (PPF) for employees, Sukanya Samriddhi Yojana for girls and recurring … Read more
Aadhaar and PAN cards are considered to be very important documents as they serve as ID proof when needed. However, it is not practical to carry them physically with you at all times. To address this, the government has introduced DigiLocker, a digital platform that enables the storage of all government-issued documents, including Aadhaar, PAN … Read more
Unity Small Finance Bank currently offers a high interest rate for those interested in making a fixed deposit with the bank. Senior citizens can benefit from a special scheme with a maximum interest rate of 9.5%, which no other major bank offers. Due to its high interest rates, investing in fixed deposits is generally considered … Read more
Many traders invest in stock markets and show great interest in buying lots when Initial Public Offerings (IPO) are coming. Last year, when Tata Technologies IPO came after almost 20 years from the Tata company, investors responded tremendously, delivering bumper returns to them. Among the upcoming IPOs, preparations have already started for another one from … Read more
Due to increasing property prices, many people take out a bank loan to buy a house. At present State Bank of India (SBI) offers home loans at low interest rates. If you’re considering a home loan of Rs.20 lakh, you can use an EMI calculator to determine the monthly repayments. It’s important to choose a … Read more
As the financial year 2023-24 is ending, there are only a few days left until March 31, which is the last date to complete all financial-related work. However, since March 31 falls on a Sunday, the Reserve Bank of India (RBI) has decided to keep branches of banks handling government transactions open as usual. Typically, … Read more
It is important to regularly check your PF balance and ensure that your company deducts the correct amount from your salary and deposits it into your PF account. The company is required to deposit 12% of your salary into your PF account every month and must also match this amount. The EPF is a great … Read more