Senior citizens enjoy more benefits than the general public, particularly regarding central government schemes and bank fixed deposits. They receive higher interest rates, typically 25 basis points to 75 basis points more than regular citizens. While many investment options are available, senior citizens tend to prefer risk-free investments, opting for fixed deposits in banks or … Read more
Marriage is a significant event in everyone’s life, and many individuals wish to celebrate it grandly with their loved ones. Some parents may go beyond their means to ensure a lavish wedding for their children. However, not everyone may have sufficient funds to host an elaborate wedding, leading some to opt for a low-budget celebration … Read more
All parents want their children to have a promising future, so they start investing now. Let’s take a look at the best child investment plans available for such parents. 1. Sukanya Samriddhi Yojana: The Sukanya Samriddhi Yojana, launched by the central government in 2015, is a significant step towards securing your daughter’s future. This scheme … Read more
The central government has announced a new budget opportunity for parents to save for their children’s future. The National Pension Scheme (NPS) has been changed to include minors. The central government has launched the NPS Vatsalya, a new scheme for children. It will allow parents or guardians to invest in their children’s names. Under this … Read more
Investment for Children’s Education: Saving is essential for your child’s future dreams. Please plan to secure their education. Children’s education costs increase daily, and parents are understandably concerned about their future. Investing in long-term goals can alleviate these worries and set the stage for making your children’s dreams a reality. Parents face substantial financial challenges … Read more
Teaching children about money is crucial for their financial future. Instilling good money habits and financial literacy in kids helps them make informed decisions and achieve financial stability. Financial literacy is a superpower that sets them up for success, and you’re their guide. Discover essential financial lessons for kids to help them understand the value … Read more
Whether it involves purchasing flats or plots, it’s essential to proceed cautiously and thoroughly examine various documents when venturing into real estate. Taking necessary precautions can avoid pitfalls and ensure a smooth and secure transaction. In this regard, several factors to consider and steps to take safeguard one’s interests when buying real estate. From verifying … Read more
Life can be unpredictable, and sometimes unexpected events can impact our finances. One such situation is when a borrower dies with an outstanding loan. This can be stressful for families, so let’s break down what happens to different types of loans in such cases. Types of Loan There are two main categories of loans: secured … Read more
Bank lockers are an excellent way to secure your valuables and important documents. But what should you do if you lose the key to your locker? How can you contact the bank and retrieve your items, and what costs might be involved? Let’s explore the details. When you rent a bank locker, you receive a … Read more
The Income Tax Department has warned individuals who have filed their Income Tax Returns (ITR) for the Assessment Year 2024-25. It stated that a penalty of Rs 10 lakh would be imposed on taxpayers who fail to disclose their foreign assets and income earned abroad in their ITR. This penalty can be enforced under the … Read more