Chit Funds – How much Profit percentage you will get from it?
People from Andhra Pradesh and Telangana cannot resist themselves from Chit Fund investment. Here, in this article, I tried to explain the profit percentage that you will get. Chit funds are native (local) financial institutions in India. The system caters to financial needs by combining processes of credit and saving in one scheme. The chit funds are the Indian equivalent of Rotating Savings and Credit Associations (ROSCA). Commonly called “Save and Borrow” schemes in India. I have seen people investing in a chit to clear an existing loan, to buy a home and even for child marriage. Some people invest in …
Lic Vs Postal Life Insurance- Which is best?
Do you know your Post Office also offers postal life insurance (PLI) coverage? Even if you know, then there is a huge confusion among buyers, like whether to buy with the Post Office or with the Life Insurance Corporation of India (LIC), because the Government of India backs both. So, let’s see which one is best? What is Postal Life Insurance (PLI)? PLI (postal life insurance) is exactly like any Life Insurance company, for example, LIC or SBI Life Insurance. Post Office runs postal life insurance. Postal Life Insurance currently offers only traditional policies. Therefore, no term insurance or ULIPs …
Digital Locker- What are its features and benefits? (Telugu)
Government Of India Launched this Digital Locker facility to all citizens of India. Digital Locker enables us to use our documents in a paperless manner. Below are the main benefits… Also, read the article about investment and Life Insurance. click here to read. Digital Locker Features and Benefits… The government is planning a major expansion of the Digital Locker project to push its agenda of a paperless administration. It is an online repository of certificates and important documents such as driving licenses and Aadhaar Card, Educational Certificates that can be authenticated in real time. More than 9 million people are …
Bank Account – What happens if Account holder dies?(Telugu)
What happens to the orphan bank account and who will get the amount in that account once the account holder dies? We all have Bank Accounts with Banks. We do financial Transactions in that account. But what happens to out money after our death? Any idea for you? I will give some inputs in this matter. Whenever there is a sudden demise in someone’s family, there is a panic attack. There is a mourning of losing loved ones and chaos in the family for a few days to weeks, but finally, life comes back to normal later. A few months later, family …
Mutual Funds – How to Invest with out Pan Card? (Telugu)
SEBI has decided to exempt the requirement of the permanent account number (PAN) for investing (both lump sum and SIP) up to Rs 50,000 per mutual fund company, per year. Now, instead of PAN, investors can submit their voter id card, passport or driving license for photo identification. The rule is applicable with immediate effect without KYC to Invest in mutual funds… Earlier Process? Earlier investors were allowed to invest up to a maximum of Rs 50,000 per year across all mutual fund companies and a PAN card was mandatory to comply with KYC. Read an article about calculating return in stocks, Mutual funds and …
XIRR- in mutual funds, stocks and real estate etc. How to calculate it?(Telugu)
What is XIRR in Mutual Funds? Real Estate, Stocks etc How to calculate it? Many of the Mutual Fund Investors might have come across the word XIRR. But for the majority of them, it is hard to digest what it is. Hence, let us simplify its calculation. What is CAGR ALL YOU NEED TO KNOW? There is a huge misconception in understanding the difference between CAGR and XIRR. Hence, first let us understand the meaning of CAGR. CAGR stands for “compounded annualized growth rate”. This means investor every investment are annualized to arrive at CAGR. It is basically point to point return. The formula used …
EPF NOMINATION RULES EXPLAINED-How to check and change Nominee details online? (Telugu)
Most of us not Known the importance of “EMPLOYEE PROVIDENT FUND” Nomination. If you do not consider it seriously, then better to understand the EPF Nominee rules and benefits. Then check nomination details and if changes required, then better to do the changes when it is required the changes to be done in the EPF portal. Sub Heading EPF Nomination Rules Explained… What are the EPF Nominee rules? How Many time can we change the nominee? Let us discuss them in detail. Your all EPF accounts must have the nomination in place. This makes easy fund transfer in case of your …
UAN CARD for EPF- How to download online? (Telugu)
UAN card can be downloaded if you have UAN Number and password. by using EPF portal. The link for the login is You can read another article on how to check EPF balance online. https://paisahealth.in/epf-balance-how-to-check-online-telugu/. And also read the article how to withdraw EPF amount online by clicking this link.https://paisahealth.in/epf-with-drawal-how-to-with-draw-online-telugu/ After logged into your EPF portal in the home you will find the option called UAN CARD, you can simply click on it to download the UAN CARD. watch this video how to download UAN CARD. …
MWP ACT IN LIFE INSURANCE-Benefits?
1) MWP Act DEATH CLAIM BENEFIT : Death Claim Benefit will be paid to wife and children(Life Insurance Nominee) if the life insurance policy was taken under MWP ACT. 2) MWP ACT NOMINEE? In this act endorsed policies wife and children will be nominees. 3) Lenders right over Death Benefit? Lenders can not claim the claim in the courts according to this act lenders cannot claim the amount received from this kind policies. Watch youtube video which I made about this ACT. Also, click this link to read How to do investment planning with the claim amount received by Nominee …
