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I could notice while discussing with my friends, relatives and others that they are somewhat confused or sometimes ignorant about the NPS withdrawal rules, which is also one of the reasons why they are not investing in NPS. Hence I have jotted down the NPS withdrawal rules below, which will help you to make some …
No-cost EMIs entail an interest subvention between merchants and lenders, allowing purchasers to get EMI choices with a zero effective interest rate. Customers can purchase a product in instalments rather than making the full payment upfront, and they are not required to pay any additional interest. As a result of the staggered payments, anticipated high-ticket purchases …
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 …
We must be precise in our retirement planning since one may be unable to return to job throughout their retirement years, and it may be far too late to fully recover from the risks of a low retirement corpus.The three most important things to consider when building your retirement corpus are inflation-adjusted retirement costs, projected …
First, let’s define alternative assets. An alternative investment is a financial asset that does not fit into any of the traditional investment divisions. Traditional asset types include equities, bonds, and cash. Simply said, these are not classified as standard financial assets like cash, fixed deposits, stocks, bonds, equity, or debt mutual funds. Alternative assets comprise assets …
In today’s age of luxury and consumerism, it is difficult to teach children financial responsibility. Here are some strategies for teaching our children financial responsibility. Children mimic their parents’ saving, spending, investing and borrowing habits. Actions talk stronger than words, and financial responsibility is not taught but rather ingrained from childhood. The path begins with the …
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, …
While most Indians are financially unprepared for retirement, many are unaware of the gravity of the situation. In a recent poll, just 20% of respondents said that real retirement planning should begin before the age of 30. On average, respondents surveyed were unable to visualize the retirement corpus that they would need at the time …
Just to start with a disclaimer here, I am not a proponent of a credit card. I do not recommend people to buy credit card, as I am of the old-school follower that spend what you have in your hand, and do not spend by borrowing or taking credit. But the main objective of this …
A joint account is essentially a shared bank account between two or more persons, with most banks permitting up to four joint account holders for a single joint account. It has various advantages, one of which is that it provides simple access to money via debit cards and internet banking. It also streamlines bill payments …