Are you planning to transfer your PPF (Public Provident Fund) account to another city or from your nearby post office to your bank and vice-versa? If yes, then this article is for you. First know your rights. You may transfer your account from one bank to another bank, from one post office to another post [...]
Often the most neglected and looked-down-upon savings instrument, Recurring Deposits can be your true friend in times of distress. Let us understand it’s true nature and talk about the advantages of opening a Recurring Deposit account: Recurring Deposit accounts enables you to save a fixed amount of money every month and get a return at [...]
NPS (National Pension System) has been growing rapidly now with 74,056 subscribers up from 38,693 a year before [Source: http://articles.economictimes.indiatimes.com/2012-06-25/news/32409224_1_nps-trust-new-pension-scheme-direct-taxes-code]. The government has taken some steps in generating interest into NPS, which are: “Swavalamban Yojana” in which the government will contribute Rs.1000/- per annum for accounts opened in the financial year 2009 -10 to 2013-2014, [...]
Do you have idle cash in your bank’s saving account? If yes, then the fact is you are losing a lot of money which you could’ve earned if you would’ve invested it somewhere. But that would mean, you have to research where to invest that money. Should you open a fixed deposit, or opening a [...]
In this month’s Top Picks series we’ll take a look at investing in gold through Gold ETF and particularly GoldBeEs, the gold ETF from Goldman Sach. You should understand the investment objective behind gold ETF and what gold ETFs are first and for that please refer to my article http://www.planstoprosperity.com/personal-finance-basics/invest-gold-etf/. Here are the current facts [...]
As one start their earning life, they become aware of their financial responsibilities in the true sense. Although one doesn’t have any dependents in the early part of their career, financial security, nevertheless is always a necessity. However, apart from the bank’s Savings Account, they rarely venture out and open some of the absolutely-must financial [...]
With the tax season in peak, today let’s see how we can save taxes through Infrastructure bonds. First let’s understand, what Infrastructure bonds are all about? These are bonds issued by various government and private companies to the general public with fixed interest rates for the purpose of developing the basic amenities of the country [...]
Rajinder Sharma, a young call center executive from Mumbai, got a call in his cellphone one fine day from a MNC. The sweet female voice asked whether he would be interested in a wealth creation plan that offers guaranteed returns of 15% per annum. Rajinder, earning nearly Rs.30000/- per month, was always wondering about how [...]
With tax-season just around the corner let us discuss about a tax-saving instrument with which you can reduce your tax burden – Tax-Saving Fixed Deposits. Here are the common features of a Tax-Saving Fixed Deposit: These types of Fixed Deposits are offered only by banks. For joint accounts, tax saving will be allowed only to [...]
Drafting a Will is a vital step in Personal Finance. I would say that it is as important as taking an insurance policy, because both are the tools to protect our loved ones from facing any financial hurdles in our absence. Yet, due to our busy schedules, lack of awareness or out of pure laziness, [...]
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