Top 7 Personal Finance Books for Beginners
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Top 7 Personal Finance Books for Beginners

“A fool with a plan is better off than a genius without a plan” - Boone Pickens. Rightly said, isn't it? “Plan before you act,” and ALWAYS plan your money matters.

Continue Reading about 7 days ago
What are Treasury Bills in India?
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What are Treasury Bills in India?

The Government finances developmental endeavours with tax revenues & foreign debt. But is that enough? What if tax collections are low? What if no country is willing to lend? Well, read on to understand.

Continue Reading about 3 months ago
The Power of Compounding
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The Power of Compounding

Give me one candy you have and have it multiplied by 2,3,4 and so on. Sounds intriguing right? Now wouldn’t it be wonderful if the same can be done with your hard-earned money? In that case, all you have to do is use the powerful mantra of Compounding. 

Continue Reading about 8 months ago
NPS vs ELSS: Which one to prefer for tax savings?
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NPS vs ELSS: Which one to prefer for tax savings?

How can I save tax? Is there an investment scheme that can help me save some tax money?

Continue Reading about 10 months ago
Fixed Deposits: All you need to know
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Fixed Deposits: All you need to know

Once upon a time, there was an old lady who believed in the importance of saving money. She knew how useful savings are and how a certain preserved amount for the future purpose could come to her aid, whenever she would need it the most. The old lady was good at saving money despite a lack of formal financial education. Whenever she saved ample money, she'd go to the bank and ask them to put in whatever scheme yields regular interest. The bank would ask her how long she wanted to put the money, and she would say whatever period pays the highest interest. She didn't understand what she was asking for, but she knew what she wanted. 

Continue Reading about 10 months ago
Saving Schemes: Evaluating the Best Schemes in India
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Saving Schemes: Evaluating the Best Schemes in India

As time has its own way of changing things, it is quite obvious that today's India is quite different from the India a few decades ago. There's a long list of things that have changed in the nation. Each field, industry, states or cities, or sectors have developed in their own way. India is going online, people becoming more intellectual, the luxuries of then becoming the necessities of now; everything has changed drastically. 

Continue Reading about 11 months ago
Post Office Monthly Income Scheme: Interest Rate, Features and Benefits
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Post Office Monthly Income Scheme: Interest Rate, Features and Benefits

Have you ever wondered about the days when communicating with your loved ones wasn’t that easy? In the earlier times, it was not as simple as just typing messages and sending it via WhatsApp in a single click; it was rather a lengthy task.

Continue Reading about 11 months ago
Senior Citizen Savings Scheme: Here’s all you need to know
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Senior Citizen Savings Scheme: Here’s all you need to know

Risk. A word that comes up with a package of a lot of emotions; excitement, fear, belief, anxiety, dismay, and whatnot. Risk is considered to be a part of life; rather, life is all about risks. Whether it's checking your luck in casinos, hiding the truth from your parents, getting out without an umbrella in monsoon, lending money to someone, investing in stock markets, etc. everything comes up with risks, either small risks or grave ones.  

Continue Reading about 11 months ago
Sukanya Samriddhi Yojana 2020
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Sukanya Samriddhi Yojana 2020

Sukanya Samriddhi Yojana is a legislature maintained by investment funds that conspire as an important aspect of "Beti Bachao, Beti Padhao Yojana" to support the young girl. It may well be opened by the guardians of a young girl under ten years of age. A Sukanya Samriddhi account has 21 years of residence or until the young woman is married after the age of 18. As of April 2020, this plan offers a loan rate of 7.6% exacerbated every year.

Continue Reading about 1 years ago
NSC vs PPF vs FD: Which one You Should Choose to Invest
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NSC vs PPF vs FD: Which one You Should Choose to Invest

Take Your Pick From FDs, PPF, National Saving Certificate Or Government Bonds India has traditionally been a “‘fixed income country”. Generations of investors turn automatically to savings instruments like PPF, bank deposits, post office deposits, etc for all their savings requirements. When it comes to investment options there are several in the market to choose from. However, a majority of individuals prefer to walk the path most traveled on and choose to invest their savings offering them fixed returns. These have been the more traditional and stable investment options to choose from. Saving and growth without being linked to market risks are the assurances offered by these instruments. Some are more suited for long term investments while others take care of your short term needs.  The difference between the fixed-income choices varies by  1.5 to 2 percent. People generally ignore that but over time this makes a big difference. Across a couple of decades, a differential of 2 percent a year will add up to a differential of more than 50 percent in the amount you gain. Now you may believe that no one invests for 20 years but that’s not the case. So losing large amounts of potential income happens all the time, to practically every single saver!

Continue Reading about 1 years ago
National Pension Scheme: Everything you should know
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National Pension Scheme: Everything you should know

More than half of the population have a brief plan as to what they will be doing in the near future. It may not necessarily be a clear one but a vague picture of what you might be doing 5 years from now or 10 years from now.  The entire blueprint as to which college or school your child as to go, which house to buy, which car to purchase, etc. would be set inside your mind.

Continue Reading about 1 years ago
PPF New Rules: Check How it will Benefit You
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PPF New Rules: Check How it will Benefit You

The Modi Government recently took down the earlier Public Provident Fund (PPF) Scheme (1968) and launched new PPF rules in 2019, replacing all earlier PPF rules with immediate effect. What are these new rules governing the Public Provident Fund? Read on and find more below.

Continue Reading about 1 years ago
What is PF and PPF?
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What is PF and PPF?

Provident Fund (PF) is a savings scheme started by the government of India for retired salaried people of India. As per the part of this scheme, a group of people comes together to invest money in an account which is later given back to the individual when he retires.

Continue Reading about 2 years ago
National Savings Certificate
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National Savings Certificate

The national savings certificate is an initiative started by the Government of India. NSC is a fixed income investment scheme that can be opened with any post office. The target market for this scheme is small to middle-income investors who are provided an opportunity to save money while saving on income tax. This scheme is a secured scheme that has a very low risk in it just like the Public Provident Fund scheme.

Continue Reading about 2 years ago