This category will have all articles related to Retirement Planning, Children’s Education Planning, Children’s Marriage Planning, Home Loan Repayment
The internet has penetrated widely across the world including India. Most Indians use this medium for various purposes such as research, email, and much more. Furthermore, individuals are becoming more comfortable using this virtual medium to conduct financial transactions. Traditionally, individuals acquired insurance policies from an agent or a broker. This is a long and […]
Traditionally, banking transactions were conducted physically, using cheque books, deposit and withdrawal slips, passbooks, demand drafts, and so on. All of these transactions and services required the presence of the account holder at the bank branch. Today, physical boundaries are no longer a barrier to business, which can be conducted across cities, states, and even […]
Are you the one who stays updated with the latest gadgets and their functions? If you are the kind of person who always knows which phone offers value for money, higher screen resolution, more interactive camera features, EMIs can make your wish of experiencing superior smart phones not only possible but also financially viable. Importance […]
The government of India established the Pension Fund Regulatory and Development Authority (PFRDA) in 2003. Under the guidelines of the PFRDA, a defined contribution pension plan called the National Pension Scheme (NPS) became available to government employees in 2004. This plan was compulsory for central and state government employees joining services after 1st January 2004. […]
The National Pension System (NPS) was launched in 2004 with the primary objective of offering financial stability to retirees. It is a defined contribution scheme and allows subscribers to invest in various asset classes. Investors may choose between equity, corporate bonds, and government securities to invest their annual contributions. The primary account under the scheme […]
The Micro, Small, and Medium Enterprises (MSMEs) contribute approximately 8% to India’s Gross Domestic Product (GDP). These businesses offer over 6,000 products and their GDP contribution is expected to reach 22% during the next three years. Almost 60% of the SMEs are unorganised and employ 70% of the population. The growth of these businesses is […]
Indian Micro, Small, and Medium Enterprises (MSMEs) contribute a significant percent to the country’s Gross Domestic Product (GDP). In addition, these ventures play an important role in the overall exports and employ a huge percent of the Indian population. The Government of India constantly tries offering new policies to facilitate the growth of these businesses. […]
Yes it is possible. Unfortunately, not many people know about it. But there is a catch. It’s not easy to get this benefit and also, it depends on the final use of the money taken as personal loan. Personal loans in general have no restriction on the end use of the money. But if you […]
If you already have a housing loan, then it is obvious that a part of your monthly income would be going towards servicing of EMIs. At this juncture, if you have a sudden fund requirement, it can be a cause of big concern. If you cannot withdraw from your savings or take help from friends […]
People get attracted to a personal loan due to the ease with which it can be availed. But sometimes, they overlook some important factors that lead to confusion and financial stress later on. Here are some of the biggest mistakes that people make while availing personal loans. It’s in your best interest to avoid these […]
The infusion of technology has revolutionised the financial sector! You might have heard of stories where your parents or other family members would have to go to a bank and apply for a loan. The wait for the loan sanction would go on for months in some cases. Today, though, you can apply for a […]
There’s one word that can make anyone run away or fall asleep – taxes. And that’s unfortunate really, considering how it can affect the state of your finances. Done right, you can end up saving tens of thousands more than the average Joe. For that, however, you need to be knowledgeable. That’s what Vidya thought […]
Filing income taxes is an annual task that most of us look forward to. You might be tempted to wait until the final call to gather all the necessary information and file your returns. However, planning your taxes early can cut down the stress of paying taxes towards the end of the year and also […]
With the availability of online application for fast procedure, getting a personal loan has become far easier than earlier years. The actual process of obtaining a personal loan is very easy and hassle free, whether you apply online or at a branch. However, if you want to expedite the personal loan procedure and wish to […]
People are no longer putting their personal wishes and desires on the back burner just because of lack of funds. Thanks to personal loans, you don’t have to save up for years to get things you need right now. With less paperwork involved and speedy process, personal loans are becoming popular among masses to get […]
Indian farmers work incredibly hard to feed the entire population of the country. Farmers make a large part of the population and are largely dependent on agriculture, hence, it is marked a priority sector in the nation. Farmers are often faced with financial challenges and while government makes sure that they get all the monetary […]
Challenges faced by start ups In the last few years we have seen the rise of Indian startups like Flipkart, Paytm, Zomato, Ola, Quikr etc. While these startups have made it big, for every startup that has been successful, there are a number of startups that have failed. The reasons for the failures of these […]
Gender is playing a significant role in the insurance sector, giving rise to several women-only policies of late. Due to the age span, risk factor, and also increase in gender-related diseases, there is a slow shift towards separation of plans for men and women. What is health insurance premium? Premium is the amount of money […]
Being the family bread earner, as part of your financial planning process, you take all possible steps to ensure that your family doesn’t face any hardships, neither in your presence nor in your absence (death). Buying a term life insurance plan is an integral part of the financial planning process. So if you have not […]
Organising your daughter’s wedding is a huge expenditure with costs exponentially rising in the last few years. It could be a cause of worry the family always dreads, but it doesn’t have to be. Many people try to find alternatives to fund their daughter’s wedding. One option that could be used is availing a personal […]