NPS Exit and Withdrawal Rules 2021
NPS exit and withdrawal rules for 2021 have changed. Let’s understand these new rules in this article I will explain first the basics of NPS in this article. Basics of NPS… The government of India launched NPS ( new pension scheme) for Indian Citizens. This fund creates a retirement corpus for the people who invested in it. In addition, Pension Fund Regulatory Development and Authority (PFRDA) manages NPS. and in this fund, Non Residents are also can invest. Any person who has a sound mind and having of 18 to 60 years and who does not have an existing NPS …
Muthoottu Mini Financiers NCD Jan 2021 – doubles money in 84 months – is it safe?
Muthoottu Mini Financiers NCD Jan 2021 is claiming that you can double your money in 84 months. Now, with the present bank Fixed rates doubling the money in 10 years also not possible. But this NCD is claiming that your money will be doubled in 7 years ( 84 months). In this article, I will explain, whether your money will be doubled in 84 months?. And the features and benefits of this NCD. In addition, I will also explain the risks associated with this investment. Muthoottu Mini Financiers NCD Jan 2021 10.25% interest features… Muthoottu Mini Financiers is issuing both …
(100 minus Age) – How this strategy will protect your wealth?
Yes, (100 minus age ) strategy will protect your wealth If you are investing stock market. If you are investing in the stock market, you may have heard or read that you should take more risks when you are young. In addition, You may have you should take less risk when you are getting older. Here, High Risk means investing more money into the stock market and Low risk means less money into the stock market. What is ( 100 minus age ) Investment Strategy?… A layman can not understand when to invest and when to exit the stock market. …
easy tithe giving – How it will make you poor?
Christians used to give tithe in the churches. But do you know that you will lose a minimum of 55 lakhs of wealth doing so and will become poor? In this article, I will explain how this tithe will ruin Christians’ wealth and pastors will become rich. Before talking about pastors, I will tell you about Hindu Archaka. Hindu Archaka in the temple will not ask for this Tithe kind of money collection from the devotees. In fact, if the Archaka will concentrate on the education for his children and not on collecting money from the devotees and looting the …
How to beat One crore wealth with just 1 lakh investment?
One crore wealth can be beaten with just 1 lakh investment. Yes, it can be done if you do your asset allocation right and get a higher return by following the right investment strategy based on your risk tolerance and financial situation. Read this complete article to know more details. In childhood, I thought a few times about how I could be richer than my neighbours. You may have also thought like this in your life. Is it really possible to become wealthier than your neighbours, friends, and relatives? Let’s understand this first with an example. If you see the …
Hiding Tax – Why it is tough now, honest will be rewarded.
are you hiding tax? then this article is right for you to read, and how will the honest be rewarded? I have seen so many people avoiding tax and cheating the income tax department with wrong information. But this will not last for long. Very soon, your insurance premium, school, and hotel bill are coming under the Income-tax Department Scanner. In addition, some other high-value transactions will also be coming under the I.T. scanner. This is really a good move and will benefit the nation and honest taxpayers. and the tax avoiders will be punished. The list of high-value transactions …
EPF Maturity – How to accumulate 1 crore wealth?
EPF maturity and How to accumulate 1 crore wealth with it, I will explain in this article. Here, Let’s assume a case study to calculate the retirement corpus in EPF. X Basic Plus D.A is Rs.30,000 The salary growth rate is 6% every year The return expected is 6.1%. X present age is 30 years The retirement age is 60 years. What is the Basic information about EPF contribution… But Employee will contribute 12% of Basic Plus D.A towards EPF. In addition, The employer also will contribute 12% of Basic plus D.A towards EPF. However, the employer can contribute …
Farmers – How they have to do “Financial Planning”?
Farmers also will be having “Financial Goals” like child higher education, house child marriage, etc. So, they have to follow “Financial Planning”. But no farmer knows what is “Financial Planning”. Here, in this article, I will explain how the farmers can plan their financial goals. Farmers must have Insurance Planning… Life Insurance Planning… People living in the village usually take Endowment or Money Back kind of Life Insurance Policies. Where the insurance coverage will be low and return on investment is also low when compared to the inflation. Most of these people do not know insurance and savings should be …
Return of Premium in Term Insurance – is it beneficial to you?
Most of you know to protect your dependents in your absence, you need to take term insurance. But recently Exide Life Insurance started a return of premium term insurance. You know that a Normal Term Life Insurance Policy will not give you back any premiums at the time of maturity. But this exide term policy is offering to repay full premiums paid. Their offer may look amazing to some of you. Let’s try to understand in this article, taking this insurance policy which gives premiums back at the time of maturity. Read this article why you should not take …
Donation Seat – Why it is not good for higher education?
Donation seat is one of the options for the parents when their children didn’t get a good enough rank in entrance exams for higher education like Medical, Engineering, M.B.A, and I.I.T, etc… In addition, Parents think that in buying donation seats that they can secure their children’s futures. But in many cases, it is not true. I know a lady who had completed dentistry, and She got the set with a donation of Rs.50,00,000. In addition, She is working now for a salary of Rs.15,000 per month in a Dental Hospital. Do You think that her father made a good …
