We all hate paying taxes, but like death taxes too are unavoidable! You may not know this but not very long ago (FY 1991-92) the minimum tax rate in India was 20% and the maximum 56%. So if you were in highest tax slab, you would more than half of your income to government, giving […] Continue reading →
With popularity of Mutual Funds you must have heard “Mutual fund investments are subject to market risks. Please read the offer document carefully before investing“. But are only mutual fund investments have risk and other investments are risk-free? In fact you might not realize but what you consider as “Safest” also carries some risk. This post tells you […] Continue reading →
There can be several situations when we look for regular income. This is especially true for people after retirement without any pension. Also there would be new entrepreneurs who need regular income until their start-up stabilizes. We tell you 13 investments which can generate regular income for you along with their pros and cons. 1. Bank Fixed […] Continue reading →
Aadhaar today is the most important identity document in India as this has to be linked to various services like bank accounts, investments, insurance, mobile connections, PAN card. Additionally you need Aadhaar for getting new mobile connection or open new bank account. With rising importance Aadhaar, it is also eye candy for fraudsters mainly for […] Continue reading →
PPF (Public Provident Fund) is one of the most popular and one of the best debt investment instruments. We have Excel based calculator for PPF Withdrawal, Loan and Maturity. PPF Calculator: This PPF calculator can calculate the maximum loan eligibility, partial withdrawal eligibility and the maturity value at the end of 15 years. It takes […] Continue reading →
Life has become a lot more convenient with the new age banking but this convenience comes with a lot costs in terms of hidden charges. Below is the list of such charges which you might not know 1. Non Maintenance of Monthly/Quarterly Average Balance: Almost all banks insist on maintaining monthly/quarterly average balance. In case […] Continue reading →
Insurance & Pension Products have been most miss-sold financial product in last few years. Most buyers are lured into it in the name of good returns, added life insurance along with tax savings. After a few months/years the policy holder realizes that he has been sold a dud product and the only way to get […] Continue reading →
Kisan Vikas Patra (KVP) is a deposit scheme by Government of India and available in all the post offices & major banks across country. It doubles the money on maturity Continue reading →
Fixed deposit with banks are the most popular investment option for regular income after retirement. But with interest rates going down retirees have started exploring other options. Systematic Withdrawal Plan (SWP) in debt fund is one such option which retirees and people looking for regular income must evaluate. As per your SWP instructions to mutual fund, […] Continue reading →