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
Buying a home is a dream for everyone. While some people save money to make this dream come true, many cannot save enough. In such situations, people take a home loan from a bank or a housing finance company to own a house. When applying for a home loan, most people use it as a … Read more
Equity mutual fund investors must select the proper schemes based on their financial goals. Many mutual fund schemes have delivered good returns, attracting more investors. Market experts recommend mid-cap equity funds because they offer good returns. These funds typically include stocks ranked between 100 and 250 in size within the mid-cap category, with moderate risk. … Read more
The central government has introduced various schemes to provide financial assistance to the poor and unemployed. However, many people are not aware of these schemes and cannot utilize them. One such scheme is the Prime Minister’s Employment Program (PMEGP), which aims to provide self-employment opportunities to unemployed youth by offering loans ranging from Rs. 1 … Read more