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
Most people have very little monthly income, but daily expenses are high. Therefore, they feel sad that they cannot save for the future. Are you in the same category? But don’t worry. You can reduce your expenses and increase your savings with simple tips. Let’s see what those tips are. Why is there a delay? … Read more
When making long-term investments, it is essential to choose diversified schemes. Before investing in mutual funds, it is crucial to take precautions and consider the potential consequences of your investment choices. Returns result from making our hard-earned money work hard for us. Diversified schemes are the best choice for long-term investments. It’s essential to consider … Read more
In India, income above a certain threshold is subject to tax. The Income Tax Act of 1961 states that tax rates vary based on income slabs. However, there are ways to save tax. Some types of income are not taxed, some can be refunded through claims, and some may be eligible for tax exemption. Many … Read more
Union Bank of India has some good news for farmers: they provide easy loans without lengthy processes. A unique option offered by the bank allows you to get around Rs. 1.6 lakh. The government has introduced Digital Kisan Credit Cards, which are explicitly designed for farmers and allow them to access loans easily. Union Bank, … Read more
Banks have introduced a new feature called UPI Interoperable Cash Deposit (UPI-ICD) to facilitate cash deposits at ATMs. With UPI-ICD, you can deposit cash into any bank account using any app. Although this feature is currently available at select ATMs of banks like Axis Bank and Union Bank of India, more banks are expected to … Read more
Short-term health insurance, also known as term medical insurance, provides temporary coverage for individuals who need immediate coverage in addition to standard long-term health insurance policies. It is also a relief for those who cannot afford comprehensive coverage, such as employees and unemployed individuals waiting for company group insurance. Key points about short-term health insurance: … Read more