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?
Let me clear the point! I
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
Admit it, we all opt for saving schemes to build retirement corpus with optimum tax benefits. Same applies to National Pension Scheme. When it comes to tax saving schemes, NPS always stand out with its exceptional tax benefits.
Today, we are going to review old and latest updates about NPS tax benefits. People frequently ask about tax treatment at maturity; we will touch this section too. In short, we will show how investment
Today’s post covers everything about National Pension Scheme.With reducing government jobs and government of India slowly taking away pensions from various job categories planning your post-retirement pension has become imperative not just for private sector employees but also for PSUs and government employees. To cater to these requirements government of India through an act of parliament create a voluntary based contribution pension system called NPS (National Pension scheme). All government employees who joined
Do you want to withdraw EPF balance? Because you just left the job. You must be concerned about slow and complicated processing of EPF withdrawal But don’t you worry! Thanks to the authorities, making the EPF withdrawal is convenient like never before! We will show you how to claim the EPF balance easily and quickly!
Although, you have come to seek help about EPF
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
Even before Department of Post got approval from RBI to open up a payment bank, India Post has been active in securing last mile deposits with its various saving schemes, currently India post holds more than 6 lac crores of balance in its various saving schemes, this is almost half of what biggest
Definition Savings
Personal Savings : Whatever you earn you can either consume all or chose to not , part of your earnings you chose not to consume is called Personal Savings, you can chose to keep your savings in bank account or invest it in Real estate, bonds,shares, Mutual funds or other financial instruments
National Savings : National savings is the sum of personal savings and the corporate savings, which is the profits which corporates do not