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 …
Education has long been a cornerstone of Indian culture, highly regarded across generations. Recently, this deep-rooted focus on education has led to a growing number of Indian students pursuing higher studies abroad. This trend is fueled by the ambition to attend renowned international universities, the pursuit of better career prospects, and an improved quality of …
For many individuals, the dream of becoming a crorepati (a millionaire in Indian rupees) may seem out of reach, especially when relying on simple investment strategies. Achieving this goal can appear intimidating, but there’s a straightforward and reliable way to make it happen—through the Public Provident Fund (PPF). This government-backed savings scheme offers a secure …
The pension schemes in India are varied, and designed to meet the different needs of public and private sector employees. It’s important to understand these schemes to make well-informed retirement planning decisions. The Modi government has launched a new pension plan called the Unified Pension Scheme (UPS) for central government employees who joined after January …
The Public Provident Fund (PPF) is a highly favored savings scheme in India, primarily due to its assured returns and attractive tax benefits, which make it an appealing option for long-term financial planning. The PPF account has a maturity period of 15 years, after which account holders have the option to withdraw their funds. However, …
The Public Provident Fund (PPF) is a widely favored long-term investment choice in India, known for its appealing interest rates, tax advantages, and assured returns, making it popular among conservative investors. Although a PPF account has a lock-in period of 15 years, many wonder if early withdrawals are possible. The answer is yes, but there …
If you’ve filed your 2024 income tax return, you’re ahead of the curve. However, submitting your paperwork is just the beginning. Tax laws and regulations may change, so it’s crucial to keep up with any updates that could impact your filing status, possible refunds, or tax liabilities. Taxpayers should be aware of the notice they …
At 25, you’re in an ideal position to begin investing and setting the stage for a financially secure future. The twenties are often considered the best time to start investing, making it crucial to take action during this decade. During these years, you begin to understand the importance of saving, investing, and earning returns, while …
Having a home is a universal dream that is easily achieved by the privileged with the help of home Loan but often feels out of reach for the underprivileged. However, through the Pradhan Mantri Awas Yojana scheme, many middle-class and impoverished families have been able to realize this dream. The PMAY Scheme continues to evolve, …
Humans have long prized gold above all other metals, recognizing its enduring worth. Throughout history, gold has been revered by ancient civilizations and continuously sought after and utilized for centuries. Its value arises from a social construct, rooted in the belief that gold has always been valuable and will continue to be so in the …
