Posts in Category: financial planning

Post Office Monthly Income Scheme (POMIS) – A detailed guide

Post Office Monthly Income Scheme (POMIS) is an investment option that ensures that the investor would receive guaranteed monthly payment based on the investment amount made. MIS is said to be one of the safest options to invest funds.

The prominent features of every MIS are:

  • Under the MIS scheme the capital invested remains intact with no risk attached for non-return.
  • Under MIS scheme the investor is to receive ensured amount of monthly return.
  • The return rates are comparatively

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Atal Pension Yojana Scheme : APY Calculator, APY Chart

Atal Pension Yojana(APY)

ATAL PENSION YOJANA (APY) is a scheme provided by Indian government to help the weaker section (unorganised section) to enjoy the retirement benefits and pension schemes. It’s always very difficult for the weaker section to meet their needs and thus to help the weaker section to save and help to sustain during their retirement age, the government introduced APY scheme with lower contribution rate and better return. This post provides an overview of

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Comparing NPS and EPF- Which is better?

The majority of people face post-retirement problems. A poor retirement planning is the main cause of post-retirement issues. People are very much aware of pension or provident fund, etc. The issue starts with wrong planning. Every person should follow a systematic approach for building a retirement corpus. Getting confused?

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Let me clear the point! I

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Atal Pension Yojana VS National Pension Scheme – Which One Is Better?

Retirement planning is not confined to saving money only. It refers to the systematic approach that can build retirement corpus, which is sufficient to meet post-retirement financial obligations. Most individuals may involve in various saving schemes or insurance scheme or mutual funds to build a handsome retirement corpus, with the lump sum or regular income. However, most people find this process pretty daunting. Choosing the best

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Investing in National pension scheme-Here is how to do it

NPS stands for National Pension Scheme introduced by the Indian Government. NPS is a retirement saving plan for an employee but built by both employer and employee. It is payable to the employee at the time of retirement. The main objective is to empower employees financially after retirement. This is applicable for central or state government officials or common citizens who are employed.

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How To Withdraw Funds From NPS After Retirement

NPS is a defined retirement plan that needs to be financed till the age of 60 years. Once the subscriber attains the age of 60 years, he/she can apply for withdrawal.  A few years back, you could not make a premature withdrawal. Thanks to recent reforms, NPS is offering partial withdrawal with specific terms.

You must be near to retirement; that’s why you landed

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Secure your daughter’s future with Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana is a most popular government scheme for the betterment of girl children in India. It was launched by Shri Narendra Modi (Indian Prime Minister) under the Beti Bachao, Beti Padhao campaign. Precisely, this scheme is an opportunity to save money for the betterment of girl child. The money saved through Sukanya Samriddhi Yojana will provide means for every girl to get higher education or wedding expenses. This scheme is a

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10 Tips for Effective Financial Planning

Another financial year has just started and it is the perfect time of the year to plan for effective management of our personal funds. Financial planning i.e. planning your finances as the name itself suggests, is the most important factor in our lives but we often tend to ignore it or don’t have enough time to manage it effectively.

There are numerous things from the past that should be kept in mind while taking important decisions

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