The Andhra Pradesh Government Life Insurance (APGLI) Department has provided guidelines for sanctioning APGLI loans in 2024. This financial assistance is available to the Andhra Pradesh government employees who hold an APGLI policy. The APGLI loan is a secured loan, with the employee’s policy acting as collateral, and it is an attractive option due to … Read more
The Andhra Pradesh Government Life Insurance (APGLI) Department has released the APGLI Loan Application Form, which can be downloaded on its official website, apgli.ap.gov.in. This form is essential for government employees in Andhra Pradesh who are part of the APGLI scheme and wish to apply for a loan. How to Download the APGLI Loan Application … Read more
The Andhra Pradesh Government Life Insurance Department (APGLI) has issued updated guidelines for deducting APGLI Loan EMIs from employees’ salaries. This process ensures the prompt recovery of EMI amounts from subscribers ‘ salaries as specified in the sanctioned loan terms. What is APGLI Loan EMI? APGLI Loan EMI is a loan repayment method provided by … Read more
Buying land or a house is one of the most significant investments a person can make. However, unregistered properties are not legally recognized, which can lead to complications. Property registration in India is governed by various laws, including the Indian Registration Act of 1908 and the Indian Stamp Act of 1889. These laws aim to … Read more
Prime Minister Narendra Modi recently announced the Unified Pension Scheme (UPS) for government employees, emphasizing its pivotal role in ensuring workers’ financial security. The UPS guarantees 50% of the average basic pay for the 12 months prior to retirement as a pension, along with additional benefits such as family pension, minimum pension, and inflation adjustments. … Read more
Tax Benefits for Senior Citizens: Retirement brings both benefits and challenges. If you spend your retirement benefits extravagantly, you may face difficulties in the future. To live comfortably after retirement, it is important to save and invest wisely. Effective financial planning is essential for a worry-free and stress-free retirement. A key factor in financial planning … Read more
Fixed deposits (FDs) are a safe investment option, especially now. Many senior citizens are interested in them, but knowing which bank offers the highest interest rates is essential. Let’s explore which banks currently provide the best interest rates for a 3-year fixed deposit. While other investment avenues like shares and mutual funds can grow your … Read more
On World Senior Citizens Day, let’s explore some investment options that offer financial security to senior citizens. These investment schemes can provide a steady income during retirement, ensuring a smooth financial life for seniors. If you have senior citizens, consider investing in one of these four schemes in their name. Senior Citizen Bank Deposits: Most … Read more
The Union Government, led by Prime Minister Narendra Modi, has expanded the scope of the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana to include senior citizens. Under this scheme, senior citizens over 70 can obtain an Ayushman card irrespective of their income group. With the Ayushman card, senior citizens can rest assured that they can … Read more
Great news for those interested in making bank deposits! Here are the top 7 banks offering the highest interest rates. A three-year term deposit scheme offering an impressive 9.5% interest rate is available to senior citizens. Let’s take a look at the list of these banks. Many retired individuals keep some of their savings in … Read more