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Being a bank relationship manager is not simple to accomplish, especially when you have to fulfil a sales target that is generally multiples of your take-home pay. These bankers are always trying to persuade their customers to invest in a variety of financial products, such as term deposits and mutual funds. Along with these, they like …
Every year, around 10 million weddings occur in India. Marriage is a cause for great joy and one of the most important financial goals for most Indian households. On this particular occasion, newlyweds and their families typically receive presents and gifts from their friends and relatives. However, such gifts may be subject to income tax regulations. Monetary …
When NPS participants retire, they are required to invest 40% of their maturity corpus in an annuity that provides a lifetime pension. For many investors, this is the deciding factor that keeps some retail investors away from the NPS. That’s because annuity rates are low, and most individuals believe they can make higher returns by investing …
Most investors, particularly salaried persons, are split on whether they should invest in mutual funds or the National Pension Scheme (NPS). People may favor pension plans because of the significant tax benefits they provide over mutual funds. The option to withdraw the 60% lump-sum amount in instalments upon retirement strengthens their argument even further. I’m assuming you know …
Just a disclaimer here – “I am not a proponent of taking out loan in any form or for any purpose”. But the purpose of this article is to give some light to the readers on how tax deductions that come with education loan repayments, which makes these loans somewhat attractive. Higher studies are an …
First, let us see the definition of Gen Z. Generation Z (commonly abbreviated as Gen Z) is the demographic generation that succeeds Millennials and precedes Generation Alpha. Gen Z is the cohort of persons born between 1997 and 2012. Millennials, on the other hand, are a demographic generation born between 1981 and 1996. They are …
We would have been seeing in newspapers and hearing about stories from our friends, relatives, and others on how people are stressed out when insistent creditors come knocking on their doors, when their parents or their dear ones have passed away, and they have left out some outstanding loans. Unfortunately, it is typical for descendants to …
National Pension System (NPS) provides Systematic Lump-sum Withdrawal (SLW) to its subscribers. In this blog-post, we will see what this SLW facility is, and is it beneficial for retirees to withdraw from NPS through SLW. What is this SLW facility? As we all know, when an NPS subscriber achieves retirement or the age of 60, …
First, let us try to understand what ‘SWP’ is. SWP stands for Systematic Withdrawal Plan, which is a means of redeeming your mutual fund holdings. You provide the mutual fund (in which you have invested) a standing order to redeem a specific amount from the fund on a regular basis. The frequency is normally monthly, …
This generation of Indians has an extremely difficult task in supporting their retirement. Recently, every conversation about retirement in India has devolved into a dispute about whether the New Pension System or the Old Pension Scheme is preferable. However, this topic is meaningless to 96% of Indians because the Central and State governments employ just approximately …