The Government of India rolled out the National Pension Scheme (NPS) for all the citizens of India from May 1, 2009 and for corporate sector from December, 2011. Any individual whether employed with private sector, self employed or professional can avail of pension benefits and plan his or her retirement by enrolling in this scheme. The […]
Archives for July 2016
Sovereign Gold Bonds Scheme July 2016 Issue – Details & Review
Sovereign Gold Bonds Scheme is an indirect way of investing in Gold. Instead of buying physical gold, investors can buy gold in paper form through Sovereign Gold Bonds. The under-lying asset for these bonds is Gold. These bonds track the price of gold, plus an extra interest amount is paid on the investment. The Reserve Bank […]
NSC & KVP (Small Savings Schemes) will now be issued in Electronic Mode w.e.f July 2016
NSC (National Savings Certificate) and KVP (Kisan Vikas Patra) have been very popular Small Savings Schemes in India. They are generally opted by the Investors who seek safety of capital. The investments made in NSC are eligible for tax deduction under Section 80c. The rate of interest offered on KVP is 7.6% and on NSC (5 year […]
Do I need to file my Income Tax Return?
“In this world nothing can be said to be certain, except death and taxes.” – Benjamin Franklin. This phrase highlights the inevitability of death and burden of taxes. Income Tax is one of the taxes that is levied directly on your Personal Earnings or Income. Income Tax is a tax you pay on your earnings. We can consider Income […]
How do Insurance Companies make money? Understanding their Business Model
Insurance companies operate on a business model involving a contract/agreement between the insurer (insurance company) and the insured (policyholder/customer), wherein the former agrees to compensate the insured for any damage or loss he/she suffers on a specific asset (home, car, etc.) or on his/her life (life or term insurance). This guaranteed compensation is ‘bought’ by […]
Personal Financial Calculators – Tools to manage your Finances more easily!
It’s all in the numbers! Be it your income, savings, expenses or investments. We all have to deal with the numbers and analyze them to make key financial or investment decisions. If you would like to know – the Future Value of your periodic SIP investments at an assumed growth rate, the present value of […]
