Posts in Category: saving schemes

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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Atal Pension Yojana – All You need to know

What Is Atal Pension Yojana?

The Indian Government introduced Atal Pension Yojana as an opportunity for unorganized Indian society to join National Pension System. Before this scheme, the workers of the unorganized sector could not save their income for their retirement. This scheme works under PFRDA (Pension Fund Regulatory and Development Authority), a section of National Pension System (NPS).

The Government had serious concerns about old

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Liquid funds versus Savings accounts

One of the important questions i typically get when I advise our customers on financial planning is should I move my money from savings account to Liquid funds, this blog post attempts to answer this question, before we answer this question lets try to understand why do people keep money in savings account , for me there are 3 reasons

  1. To ensure liquidity , so that money can be used whenever required.
  2.  Get some returns as money

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5 Reasons you should not invest in Fixed Deposits

Fixed Deposit

Fixed Deposits or their close cousin RD’s ( Recuring deposits) are the most popular saving instrument in India.According to RBI,Indians invested approximately Rs 6800 Billion in fixed or bank deposits that means more than 55 %  household savings are invested in Bank deposits.

While Fixed deposits are popular because of risk-free nature of the asset and

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How Indians Save

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

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