Gold loans are a swift and convenient option for those needing funds. Because gold is used as collateral, they are approved quickly. The funds can be utilized for any purpose, making them a versatile financial solution. However, some crucial factors should be considered before a gold loan. Using gold as collateral for loans is deeply … Read more
Electronic cards are very convenient for people. Under this, applicants can print documents such as an Aadhaar card. These cards have a unique ID and QR code. Traffic police use them for document verification. The Delhi government plans to introduce electronic cards to replace intelligent cards, driving licenses (DL), and vehicle registration certificates (RC). According … Read more
Understand the implications of having more than one PAN number. Know about the penalty, cancellation process, and consequences. A Permanent Account Number (PAN) is a unique tax-identifier. Having more than one PAN number can lead to complications. The PAN Number is the backbone of your financial identity in India. It’s used for everything from filing … Read more
Are you looking for a steady stream of income that pays handsomely every month? The Post Office Monthly Income Scheme (POMIS) might be just what you need. It is a government-supported scheme, making it a safe investment with an attractive interest rate. Currently, the government pays an interest rate of 7.40% per annum on this … Read more
Are you seeking a safe investment option with a guaranteed monthly income? Look no further than the Post Office Monthly Income Scheme, a reliable scheme backed by the Government of India. Those with extra money often seek various investment opportunities. Some buy land to increase their wealth, while others invest in the stock market. However, … Read more
Learn how much money you can keep in a savings account in India, including cash deposit rules, tax implications, and benefits of alternative investments. In today’s world, everyone needs a savings account. A bank account is essential to take advantage of all government schemes and facilitate digital transactions. Unlike some countries, opening a bank account … Read more
Everyone has different financial goals in life. Some prioritize guaranteed returns with safe investments, while others are willing to take on more risk for higher potential profits. Recurring Deposits (RD) and Systematic Investment Plans (SIP) are good choices for those seeking safe investment options. Both require a fixed amount to be invested at regular intervals, … Read more
The Government of India is implementing various schemes to benefit the country’s people, including health-related initiatives. Medical expenses have become increasingly unaffordable. In India, a large portion of the population, particularly the underprivileged, cannot afford expensive medical treatments. In 2018, the Government of India introduced the Pradhan Mantri Ayushman Bharat Yojana to address this issue. … Read more
Many individuals opt for mutual funds as a long-term investment, and the number of mutual fund investors is steadily increasing. For those unable to invest a large sum of money at once, the Systematic Investment Plan (SIP) option is available. This involves making regular contributions to mutual funds, monthly, quarterly, or daily. However, some individuals … Read more
In today’s world, bikes and cars have become essential for many people. Most households own at least one bike or car; it would be difficult to get around without these vehicles. As a result, people visit petrol pumps regularly to refuel their bikes and cars with petrol or diesel. Unfortunately, the need for fuel can … Read more