It is essential to plan to avoid potential financial problems and live a comfortable life without financial difficulties after retirement. Mutual Funds and the National Pension System (NPS) are popular investment options for those planning their finances. In the long run, these two instruments can help create wealth. A common question arises: which of these … 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
Mediclaim vs. Health Insurance: New health problems are emerging in today’s lifestyle, and it’s impossible to predict when a health emergency may occur. Therefore, it is essential to have an excellent medical or health insurance policy to avoid potential financial problems in the future. While Mediclaim and Health Insurance may sound similar, their health coverage … Read more
Understanding gross pay, which is an employee’s total earnings before any deductions, such as taxes and contributions to retirement funds, is crucial. It includes the basic salary, gratuity, house rent allowance, and other allowances, and knowing this can empower you to manage your finances better. Calculating the gross pay for a monthly salaried employee is … Read more
Sometimes, financial needs prompt us to take out a loan. While some people choose to pledge gold, others opt for personal loans. Let’s explore which of the two options is better. We need financial assistance at various points in life, leading us to consider loan options. Common choices include personal loans and gold loans. Borrowers … Read more
Stock Market Investment Tips: Investing in the stock market can be risky. However, making profits with the proper understanding and a solid strategy is possible. Let’s explore how to do that. Understanding Stock Classifications: In the stock market, companies are classified into small-cap, mid-cap, and large-cap stocks based on size and market capitalization. Understanding these … Read more
Many people are confused about the safety of savings accounts and whether bank deposits are a good option. While savings accounts are essential for financial security, it is crucial to calculate interest and weigh the benefits and drawbacks. Investing in a savings account can be profitable. For example, if you invest Rs. 1,300 per month … Read more
The provident fund is an essential part of an employee’s financial planning for retirement. In our country, there are three main types of provident funds: Employees Provident Fund (EPF), Public Provident Fund (PPF), and General Provident Fund (GPF). Employees Provident Fund (EPF): EPF benefits are available to private sector employees with over 20 employees and … Read more
As society strides towards modernity, the demand for goods and services surges, leading to a rise in sales. Banking services are also evolving, becoming more advanced and convenient. One notable change is the rapid increase in the use of debit and credit cards; many people now use these cards for various purchases, even for everyday … Read more
Are You In Business? Here’s What You Need to Know About Business Credit Cards. Are you running a business or serving as a CEO? Perhaps you’re self-employed and looking for a suitable credit card for your business. If so, you’re in the right place. Many banks offer business credit cards specifically designed for entrepreneurs, providing … Read more