The Central government has notified the much-awaited minimum monthly pension of Rs 1,000 per month to the Employees’ Pension Scheme holders. This scheme is managed by EPFO (Employees’ Provident Fund Organization). Employees Provident Fund & Employees’ Pension Scheme: Every month 12% of your “salary” is contributed towards EPF account. Your employer also contributes 12% of […]
Financial Planning
Pradhan Mantri Jan Dhan Yojana Scheme (PMJDY)
The central government launched its ambitious financial inclusion programme, the Pradhan Mantri Jan Dhan Yojana (PMJDY) on 28th August. It is reported that around 1.5 crore bank accounts were opened on the first day of the launch. The government aims to achieve its target of around 7.5 crore bank accounts under this scheme by January […]
RBI’s press note on new KYC norms for opening Bank Accounts
The Reserve Bank of India yesterday released a press note relating to Know Your Customer (KYC) norms for opening bank accounts. The objective of this is to bring awareness among the general public about the KYC simplification measures taken by the Reserve Bank in the recent times with a view to helping the common man […]
Investment Planning – How to create a solid investment plan?
Investment Planning is one of the important aspects of Financial Planning. The probability of achieving your financial goals depends on how well you plan your investments. What is Investment Planning? Investment Planning is the process of placing your monies/funds into proper investment vehicles based on your financial goals and the time frame to achieve them. […]
Basics of Financial Planning – PPT (Power Point Presentation)
Financial Planning is the process of meeting your life goals through the proper management of your finances. The ever changing socio-economic environment makes it mandatory for everyone to have a sound financial plan. It is your choice to do it by yourself or get it done by a financial planner. But, have a plan. Below […]
Unclaimed Investments : Are you aware of these interesting facts?
Unclaimed investments to the tune of around Rs 33,000 Crores are lying with financial institutions like Banks, Life insurance companies, Post office, Provident Fund office, Income Tax departments etc., Let us understand with whom this money is? How are they utilizing it? And how you can reclaim it? What do financial institutions do with the […]