If increasing your savings is a priority, a high-yield savings account provides a great balance of financial safety and competitive interest rates. Whether you’re creating an emergency fund or saving for a home, this type of account can be a valuable tool in achieving your financial objectives. But what exactly is a high-yield savings account, …
Tata shares are likely to be in the spotlight during Thursday’s trading session i.e 10th October 2024 after the passing of Ratan Tata, Chairman emeritus of Tata Sons and a prominent Industrialist who significantly contributed to the growth of one of India’s largest and most influential conglomerates. The Veteran industrialist Sir Ratan Naval Tata died …
A term insurance policy is a financial safety net that protects against the risk of untimely death, offering financial support to the family left behind. Due to the affordable coverage provided by term plans, many people opt for multiple policies to increase their coverage amount. But can nominees file claims from more than one term …
The wait is finally over for investors and automobile enthusiasts as Hyundai is all set to launch its much-anticipated Initial Public Offering (IPO) on October 14. This landmark event is expected to be one of the most significant market debuts of the year, attracting attention from domestic investors and global markets. Hyundai Motor India, the …
Investors frequently seek stable and predictable investment options, and Fixed Maturity Plans (FMPs) have become a favored choice among mutual funds. As the name suggests, these funds have a set duration and invest in debt instruments that mature in sync with the fund’s maturity date. This setup provides a reliable and predictable cash flow, making …
The NPS Vatsalya is the latest addition to the range of pension schemes launched by the NDA government under Prime Minister Narendra Modi’s leadership. This new initiative marks a major step in expanding social security for all citizens, enabling individuals to harness the power of compounding to steadily grow a substantial retirement fund over time. …
The Government of India is all set to launch a new investment scheme, which was already announced in the Union Budget 2024-25. Today on 18th September 2024, Wednesday, Finance Minister Nirmala Sitharaman will introduce an online platform for NPS Vatsalya, release its brochure, and distribute Permanent Retirement Account Number (PRAN) cards to minor subscribers. What …
Fixed deposits are known for being a safe and reliable investment, offering steady returns and capital protection. In light of changing interest rates, Axis Bank now provides customers the opportunity to earn up to 7.75% on specific tenures. Axis Bank has increased its fixed deposit (FD) interest rates for select tenures, with the revised rates …
In a world filled with investment options ranging from risky markets to secure savings plans, Post Office savings schemes have consistently been a favored choice for risk-averse investors. Backed by the Government of India, these schemes provide a sense of security along with reasonable returns. Conservative investors prefer safe investment options that protect their capital …
When planning for retirement, two prominent pension schemes often spark discussions: the Old Pension Scheme (OPS) and the National Pension Scheme (NPS). Each scheme comes with its own structure, benefits, and long-term financial implications, making the choice between them crucial for securing your future. While OPS offers a defined benefit structure with guaranteed returns, NPS …
