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. …
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 can be richer than my neighbors. You may have also thought like this in your life. Is it really possible to become wealthier than your neighbors, 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 the honest will 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 also will 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 …
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 …
Senior Citizen Savings Scheme ( SCSS) – Features and Benefits
Senior Citizen Savings Scheme is a famous savings scheme for Old Age People whose age is more than 60 years of age. Here, In this article I will explain all the features and benefits of this scheme. Who Can Apply for this Senior Citizen Savings Scheme?… An Individual whose age is more than 60 years of age can open this account. In addition, a person who got superannuation or retired under VRS after age 5 and before 60 years of age can enter in this scheme. However, he/she should invest within one month of retirement, and the total investment …
Mutual funds vs Stocks – Which is best for you to invest?
Mutual funds vs Stocks which one to choose to invest for your financial goals? This question you should ask yourself if you are about to start your investments in both mutual funds and stocks or in one of them. I have seen some investors investing in direct stocks thinking that they can gain more return than mutual funds. In addition, they think that mutual funds finally invest the money in the stocks only. Why I can not do my self? Mutual funds vs Stocks -Which is better for you?… 1) Knowledge required in mutual funds and stocks… Stock Investment …
Return – If it is Zero or Low or (Negative) What will happen (CAGR)?
are you looking to invest in real estate, mutual funds, or in the stock market for getting a return on investment (CAGR)? I have seen many investors investing 100% of their savings into a single asset class like real estate or equity mutual funds. In addition, they believe that they will get a very good profit. Here, I am not saying that you will not get a profit. We can measure the profit by calculating the CAGR in our investment. But do remember there is no real CAGR in the real estate and in the stock market. In addition, to …
Savings Bonds (7.75%) – How to buy (invest) these Government of India Bonds?
Savings Bonds (7.75% interest) of the Government Of India is available. All you need to know that before buying these bonds, I will explain in this article. Features and Benefits of these Savings Bonds are… These Bonds are not available from 28-05-2020. However, RBI may come up with new bonds with a lesser interest rates with same conditions. Eligibility for Investment… Both Individual and Huf can apply for these bonds. However, Non-Resident Indians not allowed to buy these bonds. These bonds can be held by a) An Individual, not being a Non-Resident Indian In her or his Individual Capacity or …
