Bank Cheque: There are several ways to transfer money from the bank nowadays, such as Internet Banking and UPI services. However, checks have been a traditional method of money transactions for a long time. In some cases, the back of the check needs to be signed. Why is this necessary? Let’s delve into the details. If … Read more
What is STP in Mutual Funds? If you are currently investing in the stock market or participating in mutual funds through SIP, it’s essential to be cautious, especially when market indices are reaching all-time highs. In such situations, it’s crucial to protect investments carefully. One strategy that can be employed in such scenarios is a … Read more
Health insurance is not just a safety net for unexpected health problems but also a shield against potential financial strain. When selecting a health insurance plan, several key factors must be considered to ensure comprehensive protection. Medical expenses can quickly deplete our savings, making health insurance awareness increasingly important. Both public and private sector companies … Read more
The central government has introduced a new scheme to provide financial security to children, similar to the NPS Vatsalya Scheme, which offers long-term benefits. Union Finance Minister Nirmala Sitharaman launched the scheme on September 18, 2024, and it received an unexpected response of around 10,000 children registered on the first day. The Pension Fund Regulatory … Read more
Health insurance is becoming increasingly popular due to rising health issues. One benefit of health insurance is the no-claim bonus, which offers various advantages. A no-claim bonus is an incentive insurance companies provide to policyholders who do not make any claims during the policy period. This bonus can result in benefits such as a cumulative … Read more
Everyone wants their children’s future to be secure. Therefore, parents make arrangements for adequate financial protection while their children are still young. Many existing schemes are available for this purpose, and the central government has recently introduced another scheme called the National Pension Scheme (NPS) in Vatsalya. This scheme involves opening a retirement account in … Read more
We want to share some important information about a government scheme that provides free electricity for life through the installation of solar panels. With this scheme, you can save up to Rs. 32,000 per year. The central government offers a subsidy for installing solar panels on houses, similar to the PM Suryagarh Muft Bijli Yojana. … Read more
Adding a nominee to your bank account can make things much smoother for your loved ones in a difficult time. Managing finances efficiently and ensuring the security of your assets are crucial aspects of financial planning. One key step in this process is adding a nominee to your bank account. A nominee is an individual … Read more
If the account holder dies without naming a nominee, who will receive the money in the bank account? Many people need to pay more attention to the importance of nominating beneficiaries for their bank accounts. However, having a nominee for every account can prevent various complications. Let’s explore the benefits of naming a nominee. Designating … Read more
Being careless while traveling on the road can lead to accidents. In such cases, auto insurance compensates the vehicle and others for financial loss. However, minor mistakes by motorists can lead to insurance companies rejecting the claim. What are they? What precautions should be taken to avoid those mistakes? Let’s find out through this article. … Read more