नवीनतम वित्तीय जानकारी, युक्तियाँ, अंतर्दृष्टि एवं और भी सूचना
IPO: Understanding Initial Public Offerings and How They Work |
When companies grow and need to raise capital, they often turn to the public markets. One of the most common methods for doing so is through an Initial Public Offering, commonly known as an IPO. Understanding what an IPO is, how it works, and its potential benefits and risks is crucial for anyone considering investing in the stock market.
Insurance in India: Types, Importance & Benefits
In a world where uncertainties are an inherent part of life, insurance plays a pivotal role in providing financial security and peace of mind. Understanding the fundamentals and definition of insurance and the various types available in India is essential for making informed decisions about safeguarding your future. This comprehensive guide will delve into the meaning of insurance, its importance, and the diverse types of insurance policies available in the Indian market.
What is Dividend Yield in Share Market? Definition and Calculation
Dividend yield is a crucial financial metric that investors use to evaluate the income generated from their investments in dividend-paying stocks. Understanding what is dividend yield can help investors make informed decisions about their portfolios, focusing not only on potential capital gains but also on the regular income generated from dividends. This comprehensive guide will explain the definition, calculation, importance, and impact of dividend yield on investment decisions, and explore the factors that affect it.
Understanding CAGR: Formula, Calculation, and Importance
When it comes to investing, knowing how to evaluate the performance of your assets is crucial. One of the most effective tools for this purpose is the Compound Annual Growth Rate (CAGR). This metric provides a clear picture of an investment's growth over time, making it easier for investors to gauge the potential return on their investments. In this blog, we’ll explore the definition of CAGR, how to calculate it, its importance, and its various uses.
Investing in Large Cap Mutual Funds: What You Need to Know
Investing in mutual funds offers a diversified and professionally managed approach to growing your wealth. Among the various types of mutual funds available, large cap mutual funds stand out as a popular choice, particularly for investors seeking stability and consistent returns. But what exactly are large cap mutual funds, and why should they be part of your investment strategy? Let’s delve into these questions and explore the benefits, workings, and suitability of large cap mutual funds.
Systematic Withdrawal Plan (SWP) in Mutual Funds: A Guide to Regular Income
A Systematic Withdrawal Plan (SWP) is a financial facility that allows investors to withdraw a fixed amount of money from their mutual fund investment at regular intervals. This feature is particularly beneficial for those seeking a steady income stream, such as retirees or individuals requiring regular cash flow. SWP provides the flexibility to customize withdrawal amounts and frequencies, making it an attractive option for many investors.
The Importance of Pension Funds: Secure Your Future with Steady Retirement Income
At a younger age, retirement planning may not be high on your priority list, as you might be of the mindset there is still a lot of time left. However, as age catches up with you, you might be in a hurry to save enough money for a comfortable life post retirement. As the golden years approach, the importance of a secure and comfortable retirement becomes increasingly evident. This is where pension funds come in handy. Now, you might be wondering, what is a pension fund? In this journey towards financial fulfillment, pension plans act as invaluable tools that provide a steady income stream during retirement. In this blog, we'll delve into the world of pension plans and their benefits.
Navigating New Fund Offers (NFOs): Opportunities, Risks, and Considerations
Individual investors have started to invest more in mutual funds in order to diversify their portfolios. By investing in mutual funds, they also seek professional management of their investments. New Fund Offer (NFO) is one of the key events in the life cycle of mutual funds. If you are looking forward to exploring new investment opportunities and diversifying your portfolio then NFOs are designed for you.
Demystifying RTGS: A Comprehensive Guide to Real-Time Gross Settlement
With the advent of technology, banking has gathered momentum closing gaps between time and space. These days fund transfer is no more a matter of grave concern let alone the trepidation of physical presence, security, and much more. With efficient technology, financial security has evolved through Real Time Gross Settlement (RTGS). Banks today have many modes of transferring funds, such as Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT), and Real-Time Gross Settlement (RTGS). While the first two are the fastest and most secure modes of transacting small funds, RTGS is a swift and secure way of transferring large funds to another bank.
Understanding Gratuity: Your Complete Guide to Employee Benefits
In the complex landscape of employment benefits and compensations, the term "gratuity" frequently arises. Gratuity is a financial benefit offered to employees as a gesture of gratitude for their unwavering commitment and service. This comprehensive guide will thoroughly examine the concept of gratuity, delving into its definition, eligibility requirements, calculation methodology, and the significance of comprehending this essential employment benefit.
Investing in Debt Funds: A Comprehensive Guide for Steady Returns
Financial planning is one of the most crucial aspects of investment and at the same time, an individual needs to understand the various options that are available out there in the market which may further help an individual to make informed decisions. Among the various investment options that are available, debt funds is one of the most popular choices for those who are looking forward to steady returns with lower risk as compared to equity investments. This blog revolves around explaining debt funds, their functioning, features, associated risks and considerations for potential investors.
Understanding Bounced Cheques: Definition, Consequences, and Fees
In simpler terms, a dishonoured cheque also called as bounced cheque is the one that gets rejected by the bank due various financial and non-financial reasons such as lack of funds in the account, incorrect date, signature mismatch etc. In simpler terms, a dishonoured cheque also called as bounced cheque is the one that gets rejected by the bank due various financial and non-financial reasons such as lack of funds in the account, incorrect date, signature mismatch etc. This usually happens for a variety of reasons. When a cheque bounces, the bank may charge fees to the person who wrote the cheque (the issuer). Bouncing cheques repeatedly can hurt your credit score and make it harder to do business in the future. There can even be legal trouble / implications, if the cheque was dishonoured or returned unpaid for want of funds / insufficient funds.
Understanding MICR: Full Form, Meaning, and Its Role in Banking
While using cheque books, you must have noticed those magnetic code bars at the bottom of every cheque leaf. Those bars are unique ink codes that act as a special language that can only be understood and decoded by bankers. This is known as the MICR code. MICR stands for Magnetic Ink Character Recognition. It is a technology that involves the use of magnetic ink and special characters to process and verify the legitimacy of cheques. Introduced by the Reserve Bank of India, MICR technology has revolutionized the way banks process cheques and other financial documents. Read further to know more about MICR meaning in banking.
Importance of Insurance in Protecting Your Financial Future
In this vast and unpredictable world, we are all trying to navigate the twists and turns that life presents us with. It may sound like a doomsayer, but it's essential to acknowledge the realities that can disrupt our carefully constructed plans. And that's precisely where the concept of insurance steps in to lend a helping hand.
Different Types of Life Insurance - Which One is Right for You?
Getting a life insurance policy is one of the most responsible decisions you could ever take, as it ensures that your near and dear ones are not left behind without financial support in case of an unforeseen event. It stands as a crucial financial safeguard, offering protection and security for loved ones in the event of an unexpected tragedy. However, navigating the world of life insurance can be overwhelming due to the multitude of options available. Understanding the various types of life insurance can help individuals make informed decisions that align with their needs and financial goals, while safeguarding their loved ones.
Difference between Term Insurance and Whole Life Insurance
In a world of endless options, where information flows ceaselessly, and choices multiply like rabbits, navigating the labyrinth of insurance can feel like a daunting task. And when it comes to the age-old debate between term insurance and whole life insurance, the confusion only deepens. The financial world seems to have a language of its own, a language that often leaves the average person feeling like an outsider.
Demat Account for Mutual Funds: Your Comprehensive Guide
In today's dynamic financial landscape, managing your investments efficiently is crucial to building a secure financial future. One avenue that has gained immense popularity in recent years is the demat account for mutual funds. This innovation has revolutionized the way investors handle their mutual fund investments, offering convenience, security, and a streamlined approach to portfolio management.
Avoid Common Mistakes to File a Successful Insurance Claim
Insurance claims can be complex and overwhelming, especially when you're already dealing with the stress of an unfortunate event. Whether it's a car accident, property damage, or a medical emergency, filing an insurance claim is essential to receive the financial support you need. However, the process isn't always straightforward, and making mistakes can lead to delays, denials, or receiving a lower settlement than you deserve.
The Ultimate Guide to Vehicle Insurance: Types, Benefits, and How Does It Work
In the ever-evolving landscape of the automotive world, one constant remains – the need for reliable vehicle insurance. Whether you're driving a sleek sedan, a rugged SUV, or a zippy little hatchback, having the right insurance coverage is not just a legal requirement but also a crucial financial safeguard. In this comprehensive guide, we'll navigate the twists and turns of vehicle insurance, shedding light on its importance, the types of coverage available, and the various benefits that come with it.
Should You Include Your Parents in Group Health Insurance?
Health insurance plays a crucial role in ensuring financial protection against unexpected medical expenses. It not only provides coverage for the policyholder but also extends its benefits to family members, including parents. However, when it comes to including your parents in group health insurance, there are several factors to consider. In this blog post, we will explore the pros and cons of including your parents in group health insurance, discuss alternative options, and provide key considerations before making a decision.
Understanding Salary Accounts: Features, Benefits, and Opening Procedures
If you are wondering “what is a salary account?”, let us answer that for you. As the name itself suggests, a salary account refers to an account in which an employee’s salary gets credited. Salary accounts are a convenient way for companies to pay the salaries of their employees. These accounts come with a plethora of features and offer perks to the employees as well as the employers.
Mastering Monthly Average Balance: A Guide to Financial Security
In the ever-evolving world of personal finance, we often come across terms and concepts that can feel as elusive as trying to catch a fleeting breeze. "Monthly Average Balance" is one such term. Many individuals often perceive the minimum balance requirement as a tactic banks employ to restrict access to their funds or increase their earnings. However, this common belief doesn't necessarily hold true.
What is Goods and Services Tax (GST) in India - Meaning, Types & Benefits
Goods and service tax (GST) is a value-added tax (VAT) collectively levied on goods and services by the Central and State Governments. Following a dual structure comprising Central GST (CGST) and State GST (SGST), GST plays a significant role in revenue distribution formulated by the GST council. What is the GST Council? The GST Council is a joint forum of the Centre and the States, the Union Finance Minister, The Union Minister of State in charge of Revenue of finance, The Minister in charge of finance or taxation or any other Minister nominated by each State Government, making recommendations to the Union and the States on important issues related to GST.
Net Asset Value (NAV) in Mutual Funds: Calculation, Significance, and Importance Explained
Mutual funds have become a popular investment choice for investors as they offer professional management as well as diversification benefits. Mutual funds alone are capable of providing you with thousands of different options to invest in. But before investing, it is essential to understand certain terminologies associated with mutual funds.
Why Consider Gold as an Investment?
Gold has always held a significant place in Indian culture and traditions for centuries. But today, gold has also emerged as a popular investment avenue in India. The country has a long-standing affinity for this precious metal and it plays a crucial role in the country's economic landscape.
What is Travel Insurance? Exploring Coverage, Types, and Importance
Traveling is an exhilarating experience that unveils new cultures, breathtaking landscapes, and thrilling adventures. From exploring ancient ruins and monuments to basking on pristine beaches, the excitement of travel is undeniable. However, amidst the excitement, it's crucial to prioritize responsibility and safety, and one essential aspect that is often overlooked is getting travel insurance. This blog post delves into the concept of travel insurance, highlighting its importance and demonstrating how it can transform unexpected mishaps into manageable situations.
What is Health Insurance? A Comprehensive Guide to Benefits, Types, and Importance
With increasing medical expenses, health insurance acts as a safety net to meet our financial needs. Medical inflation is rising exponentially, and health insurance acts as a financial buffer against medical costs that would otherwise leave one's emergency funds and lifetime savings sufficiently depleted. Not just for individuals, but for the entire family, Health insurance is a necessary part of financial planning and should be integrated with investment purchases as soon as one starts earning. The earlier health insurance is planned, the better coverage is assured for individuals at lower premium rates with no medical tests. We will discuss various aspects of health insurance, their benefits, features, types, and how individuals can choose the right health insurance.
रेपो रेट की समझ: परिभाषा, महत्व, वर्तमान दरें और गृह ऋण पर प्रभाव
वित्तीय बाज़ार के उतार- चढ़ाव के दौरान असमंजस की स्थिति में, रेपो दर, आर्थिक स्थिरता बनाए रखने में एक महत्वपूर्ण भूमिका का निर्वहन करता है ।आइये, इस ब्लॉग की सहायता से, रेपो दर की पेचीदगियों को समझने की प्रक्रिया को समझे और इसकी परिभाषा, कार्यप्रणाली और विभिन्न हितधारकों पर पड़ने वाले इसके गंभीर प्रभाव का आकलन करें।
इंट्राडे ट्रेडिंग क्या है? डे ट्रेडिंग स्टॉक संबंधी आरंभिक दिशानिर्देश
इंट्राडे शब्द का तात्पर्य "पूरे दिन से है "। जैसा कि इसके नाम से ही ज्ञात होता है, इंट्राडे ट्रेडिंग किसी दिन के स्टॉक की खरीद और बिक्री के संदर्भ में है । इसे डे ट्रेडिंग के रूप में भी जाना जाता है, इंट्राडे ट्रेडिंग का उद्देश्य अल्पकालिक मूल्य गतिविधियों को भुनाना व बाजार की अस्थिरता का लाभ उठाना है। इंट्राडे ट्रेडिंग, मूल्यों में होने वाले उतार-चढ़ाव को ध्यान में रखते हुए लाभार्जन करने के उद्देश्य से की जाती है । इंट्राडे गतिविधियों में शामिल व्यापारी आमतौर पर बाजार की आकस्मिकता का ध्यान रखते है, जिससे बाजार जोखिमों की संभावना कम हो जाती है। साथ ही , वे पूरे दिन ट्रेडिंग गतिविधियों से संबंधित समुचित निर्णय लेने हेतु उचित तकनीकी विश्लेषण, चार्ट और रियल-टाइम मार्केट डेटा पर भरोसा करते हैं। इंट्रा डे ट्रेडर मार्केट बंद होने पर अपनी सभी स्थितियों के निपटान की कोशिश करते हैं ।
ट्रेडिंग खातों की समझ :स्वरूप, विशेषताएं व लाभ
क्या आप गंभीरतापूर्वक निवेश करना चाहते है? तेजी से बदलते हुए वित्तीय परिदृश्य में स्टॉक मार्केट अथवा अन्य वित्तीय लिखतों में निवेश करना पैसे कमाने का काफी लोकप्रिय माध्यम हो गया है। वित्तीय बाजार की गतिशीलता में शेयर बाजार या अन्य वित्तीय साधनों में निवेश करना पैसे कमाने का लोकप्रिय साधन हो गया है। इस हेतु ट्रेडिंग खाता खोलने से काफी सहायता मिलती है । इन मार्केट्स में शामिल होने के लिए व्यक्ति आमतौर पर एक ट्रेडिंग खाते का उपयोग करता है। ट्रेडिंग खाता प्रतिभूतियों की खरीद व बिक्री के लिए आवश्यक होता है।यह निवेशकों को वित्तीय बाजारों में प्रतिभागिता करने के लिए एक प्लेटफॉर्म उपलब्ध कराता है । आइये, ट्रेडिंग खाते के बारे में विस्तृत जानकारी प्राप्त करें जिसमें इसकी विशेषताएं, स्वरूप व लाभ आदि शामिल हैं। इसके अंतर्गत ट्रेडिंग खाते की विशेषताएं, इनका स्वरूप और इनसे होने वाले लाभ आदि शामिल हैं।
वरिष्ठ नागरिक बचत योजना के बारे में आप सभी को पता होना चाहिए
बुढ़ापा आने पर अक्सर हमारे जीवन में अनिश्चितता आती है। वरिष्ठ नागरिकों से लोग अक्सर उनके स्वास्थ्य व अन्य बातों के साथ साथ उनकी वित्तीय स्थिति पर चर्चा करते हैं।भारत सरकार ने वरिष्ठ नागरिकों के लिए वित्तीय सुरक्षा के महत्व को ध्यान में रखते हुए वरिष्ठ नागरिक बचत योजना ( एस सी एस एसज़ज़ )की शुरुआत की है।
म्यूचुअल फंड के कार्यनिष्पादन का आकलन
म्यूचुअल फंड में निवेश एक विविध और पेशेवर तौर पर प्रबंधित निवेश पोर्टफोलियो की तलाश करने वाले व्यक्तियों के लिए एक प्रमुख विकल्प है. चाहे आप एक अनुभवी निवेशक हों या आपके पास इसका कोई अनुभव न हो, अपने म्यूचुअल फंड के कार्यनिष्पादन का आकलन करना सफलतापूर्वक निवेश प्रबंधन के लिए काफी महत्वपूर्ण होता है. अपने म्यूचुअल फंड के कार्यनिष्पादन का विश्लेषण करके, आप अपनी निवेश संबंधी कार्यनीति की प्रभावशीलता में महत्वपूर्ण समझ हासिल कर सकते हैं और अपने भावी सम्पत्तियों के लिए समुचित निर्णय ले सकते हैं.
म्यूचुअल फंड शब्दावली
म्यूचुअल फंड के कारोबार में नेविगेट करना विशेष रूप से नए लोगों के लिए चुनौतीपूर्ण हो सकता है. निवेशकों द्वारा समुचित निर्णय लेने और अपनी निवेश क्षमता में वृद्धि के लिए म्यूचुअल फंड से जुड़े मानक शर्तों और अवधारणाओं की समझ होना आवश्यक है.
म्यूचुअल फंड रिटर्न की गणना कैसे करें ?
म्यूचुअल फंड में निवेश वैसे व्यक्तियों के लिए प्रमुख विकल्प है जो समय के साथ अपनी धनराशि में बढ़ोत्तरी करना चाहते हैं. तथापि ऐसे निवेशों के कार्यनिष्पादन और लाभप्रदता के आकलन के लिए म्यूचुअल फंड रिटर्न की गणना की स्पष्ट जानकारी होना आवश्यक है. म्यूचुअल फंड रिटर्न एक विशिष्ट अवधि में आपके निवेश की वृद्धि या गिरावट के संबंध में आपको महत्वपूर्ण सूचना प्रदान करते हैं. इन रिटर्न के विश्लेषण से आप अपनी निवेश संबंधी कार्यनीति का मूल्यांकन कर सकते हैं और भविष्य के निवेश के लिए समुचित निर्णय ले सकते हैं. इस आलेख में हम आपको म्यूचुअल फंड रिटर्न के लिए की जाने वाली गणना संबंधी चरणबद्ध जानकारी उपलब्ध कराएंगे.
म्यूचुअल फंड में निवेश कैसे करें
विगत 10 वर्षों में भारतीय मुचुअल फंड उद्योग के प्रबंधन के अंतर्गत इसकी कुल परिसंपत्तियां रू. 43 ट्रिलियन से भी अधिक हो गई है. इसमें हो रही वृद्धि के प्रमुख कारक निम्न अनुसार हैं :
Types of Mutual Fund Schemes
विगत एक दशक के दौरान भारत में म्यूचुअल फंड उद्योग में आत्यधिक प्रगति दर्ज की गई है. इसकी वृद्धि मुख्यतः नए लोगों के जुड़ने, विनियमों में परिवर्तन जिससे व्यवस्थित निवेश योजनाओं (एसआईपी) की लोकप्रियता के साथ आत्यधिक खुदरा निवेशकों के शामिल होने से म्यूचुअल फंड उद्योग की प्रबंधन के अधीन परिसंपत्ति(AUM) में मई 2013 से मई 2023 के दौरान लगभग पांच गुना बढ़ोत्तरी दर्ज की गई. साथ ही दिनांक 31 मई 2023 तक एस.आई.पी खातों की कुल संख्या बढ़कर रू. 6.53 करोड़ हो गई.
म्यूचुअल फंड संबंधी सम्पूर्ण निर्देशिका
यदि संक्षेप में कहा जाए तो म्यूचुअल फंड,निवेश की दुनिया का आधार स्तम्भ है. यह छोटे खुदरा निवेशकों की आवश्यकताओं को पूरा करता है जो इक्विटी, बॉन्ड या अन्य प्रतिभूतियों में निवेश करना चाहते हैं, साथ ही इसमें ऐसे अनुभवी लोग भी शामिल हैं जो अपने पोर्टफोलियो में विविधता लाना चाहते हैं. इस क्षेत्र में पेशेवर धन प्रबंधकों द्वारा प्रतिभूतियों की खरीद के लिए लोगों द्वारा किए गए निवेशों का संग्रह किया जाता है.
डीमैट खाता के लिए देय शुल्क और इनमें कमी लाने संबंधी आवश्यक प्रक्रिया
भारतीय निवेशकों द्वारा शेयर बाजार में ट्रेडिंग और निवेश में गति आई है. शेयर बाजार में निवेश करने में कुछ आरंभिक लागत आता है और इसमें निवेश करना काफी लाभप्रद हो सकता है, शेयर बाजार में ट्रेडिंग या निवेश के लिए सर्वप्रथम स्टॉक ब्रोकर के साथ अपना डीमैट खाता खोलना आवश्यक होता है.
डीमैट खाता बनाम ट्रेडिंग खाता : प्रमुख अंतर
अधिकांश निवेशक प्रायः “डीमैट खाता” और 'ट्रेडिंग खाता” के अंतर्गत आते हैं व परस्पर इनका उपयोग करते हैं. ऐसे खाते शेयर ट्रेडिंग और निवेश में प्रतिभागिता के लिए आवश्यक हैं और इन्हें काफी हद तक एक समान समझा जाता है. तथापि, इनकी सेवाओं का उद्देश्य अलग अलग होता है. डीमैट और ट्रेडिंग खातों के बीचके अंतर को समझ पाना निवेशकों के लिए अपनी प्रतिभूतियों को प्रभावी ढंग से प्रबंधित करने के लिए काफी महत्वपूर्ण होता है. आईये, हम डीमैट और ट्रेडिंग खातों के बीच के अंतर को समझ कर इनके उद्देश्यों के बारे में जानें.
What are the Benefits of Demat Account?
In 1997, the Indian stock exchanges transitioned to using Demat accounts. Before this, stock and share transactions had to be recorded on paper and completed in person using actual stock certificates.
डीमैट खाता कैसे खोलें ?
ऑनलाइन स्टॉक में व्यापार या निवेश करने हेतु डीमैट खाता (डिमटेरियलाइज्ड अकाउंट) का होना आवश्यक है. शेयर बाजारों में कारोबार की जाने वाली प्रतिभूतियां और अन्य संपत्तियां डीमैट खातों में शामिल होती हैं.
डीमैट खाते से किसी दूसरे खाते में शेयर कैसे हस्तांतरित की जाती है ?
एक सक्रिय निवेशक होने के नाते आपने ऐसा सोचा होगा कि 'क्या मैं किसी डीमैट खाते से किसी दूसरे खाते में शेयर हस्तांतरित कर सकता हूं ? इसका जवाब हां है ! अपनी प्रतिभूतियां बेचने के दौरान आप अपने शेयर किसी अन्य व्यक्ति को देते हैं. तथापि यदि आपके पास अनेक डीमैट खाते हैं, तो आप अपने शेयरों को एक डीमैट खाते से दूसरे डीमैट खाते में हस्तांतरित कर सकते हैं.
विभिन्न प्रकार के डीमैट खाते
विभिन्न प्रकार के निवेशकों के उपयोग के लिए अलग अलग प्रकार के डीमैट खाते होते हैं. निवासी भारतीयों द्वारा नियमित डीमैट खातों का उपयोग किया जाता है जबकि अनिवासी भारतीय प्रत्यावर्तनीय और गैर-प्रत्यावर्तनीय डीमैट खातों के बीच चयन कर सकते हैं.
डीमैट खाता क्या है ?
वर्ष 1997 में, भारतीय स्टॉक एक्सचेंजों द्वारा डीमैट खातों का उपयोग करना आरंभ किया गया. इससे पूर्व स्टॉक और शेयर लेनदेन को सिर्फ पेपर पर दर्ज करके वास्तविक स्टॉक प्रमाण पत्र का उपयोग करके व्यक्तिगत रूप से पूरा किया जाता था.
डीमैट खाते का उपयोग कैसे करें ?
डीमैट खाता निवेशकों के लिए यह एक सशक्त माध्यम है, जो अनेक लाभ प्रदान करता है और प्रतिभूतियों को रखने और व्यापार करने की प्रक्रिया को सहज बनाता है. एक डीमैट खाता भौतिक शेयर प्रमाण पत्र की आवश्यकता को समाप्त करके, निवेश के प्रबंधन को भली प्रकार से व्यवस्थित करता है, ताकि यह अधिक सुविधाजनक और सुरक्षित हो सके.
म्यूचुअल फंड के फायदे को जानिए.
म्यूचुअल फंड उन व्यक्तियों द्वारा निवेश किए जाने का प्रसिद्ध विकल्प है जो जोखिम को कम करते हुए अपनी संपत्ति में वृद्धि करना चाहते हैं। उनसे प्राप्त होने वाले लाभ के साथ, यह कोई आश्चर्य की बात नहीं है कि भारतीय म्यूचुअल फंड उद्योग ने कई वर्षों में जबरदस्त वृद्धि देखी गयी है। हालांकि, म्यूचुअल फंड की मूल बातें समझना महत्वपूर्ण है, कौन उनमें निवेश कर सकता है, उनके फायदे क्या है एवं निवेश करने से पूर्व विचारणीय कारक है।
ई-मैंडेट का अर्थ, लाभ, पात्रता और प्रक्रिया को जानें.
आज के इस डिजिटल दुनिया में, सुविधा एक कुंजी है। लोग अपने जीवन को आसान बनाने के तरीकों की तलाश कर रहे हैं और प्रौद्योगिकी ऐसा करने में महत्वपूर्ण भूमिका निभा रही है। ऐसा ही एक उदाहरण ई-मैंडेट है, जिसने भारत में आवर्ती भुगतान करने के तरीके में क्रांति ला दी है।
पीपीएफ परिपक्वता राशि की गणना: सूत्र, कंपाउंडिंग और कैलकुलेटर
टैक्स बचाने और रिटायरमेंट फंड जमा करने के दोहरे फायदों के साथ, पीपीएफ एक पसंदीदा बचत विधि बनी हुई है। इस तरह के लाभों को प्राप्त करने के लिए निवेशक को इस योजना के तहत खाता खोलने की आवश्यकता है।
पब्लिक प्रोविडेंट फंड (पीपीएफ) खाते के लिए पूरी गाइड
बैंकिंग में पूर्ण रूप में "पीपीएफ", सार्वजनिक भविष्य निधि के लिए खड़ा है, जो भारत में एक लोकप्रिय दीर्घकालिक बचत और निवेश साधन है। यह सरकार समर्थित योजना व्यक्तियों को धारा 80 सी के तहत कर लाभ का आनंद लेते हुए एक सुरक्षित सेवानिवृत्ति कोष बनाने या अन्य वित्तीय लक्ष्यों को पूरा करने में सक्षम बनाती है।
अपने PPF खाता पर ऋण कैसे प्राप्त करें.
पब्लिक प्रोविडेंट फंड (पीपीएफ) 15 साल के कार्यकाल के साथ एक दीर्घकालिक निवेश है जो निवेशक को निश्चित आय देता है जो जोखिम मुक्त और कर-मुक्त है। खाता रु 500 की न्यूनतम शेष राशि के साथ खोला जा सकता है और प्रति वर्ष अधिकतम रू 1,50,000 जमा किया जा सकता है। यह दीर्घकालिक लक्ष्यों के लिए बचत और योजना बनाने की आदत डालता है। इसमें निवेशक की अल्पकालिक जरूरतों के लिए पीपीएफ खाते में निवेश के बदले ऋण लेने का भी प्रावधान है।
PPF निकासी नियम और समय से पहले बंद करना
यह लेख PPF निकासी नियमों के बारे में विस्तृत जानकारी प्रदान करता है. इसमें PPF निकासी की ऑनलाइन प्रक्रिया, निकासी के कारण, PPF राशि कैसे निकालें, परिपक्वता पर PPF एक्सटेंशन, आंशिक निकासी नियम और PPF निकासी से संबंधित अक्सर पूछे जाने वाले प्रश्न शामिल हैं। PPF राशि ऑनलाइन कैसे निकालें?
पीपीएफ (PPF) खाता खोलने संबंधी क्रमिक मार्गदर्शिका
पीपीएफ खाते देश भर में नामित बैंकों और डाकघरों में खोले जा सकते हैं, जिसमें ऑनलाइन या ऑफलाइन निवेश करने का विकल्प है। पीपीएफ खातों की निवेश अवधि 15 वर्ष है, परिपक्वता के पश्चात 5 वर्षों के ब्लॉक में अनिश्चित अवधि तक विस्तारित करने का विकल्प है।
अपने मौजूदा पीपीएफ खाते को बैंक ऑफ बड़ौदा में कैसे स्थानांतरित करें?
पब्लिक प्रोविडेंट फंड (पीपीएफ) न केवल निवेशकों के बीच बल्कि करदाताओं के बीच भी सबसे लोकप्रिय निवेश विकल्पों में से एक है। पीपीएफ में बैंक या पोस्ट ऑफिस के जरिए निवेश किया जा सकता है।
भारत में महिला उद्यमियों के लिए सरकारी योजनाएं
भारत में, जहां 15.7 मिलियन से अधिक महिलाओं के स्वामित्व वाले उद्यम हैं और महिलाएं स्टार्ट-अप इकोसिस्टम चला रही हैं, महिला में काफी प्रगति हो रही है। ऐसा अनुमान है कि अगले पांच वर्षों के दौरान, यह संख्या 90% बढ़ जाएगी। अपने बढ़ते उत्साह के बावजूद, महिला उद्यमियों को अभी भी कई चुनौतियों का सामना करना पड़ता है, जैसे कि उनके महिला होने संबंधी पूर्वाग्रह, पूँजी की कमी और पर्याप्त रूप से समर्थन न मिलना । भारत सरकार ने इन शुरुआती समस्याओं के समाधान हेतु में महिला उद्यमियों की सहायता के लिए अनेक कार्यक्रम शुरू किए हैं।
वर्ष 2023 के दौरान निवेश हेतु भारत सरकार की शीर्ष योजनाएं
सरकार अपने निवासियों की आय और वित्तीय स्थिति में सुधार के लिए नई निवेश योजनाएं आरंभ करती है। यह नई सरकारी योजनाएं उन सभी के लिए उपलब्ध हैं जो लिंग, वैवाहिक स्थिति, सामाजिक व आर्थिक स्थिति, स्थान आदि की परवाह किए बगैर प्रतिभागिता के लिए हैं। हालांकि, यह निवासियों पर निर्भर करता है कि वे सभी योजनाओं का विश्लेषण करें और अपनी आय को बढ़ाने हेतु में अपनी आवश्यकताओं के अनुरूप इनका चयन करें।
How is Interest on Fixed Deposits Calculated by Banks?
A fixed deposit (FD) is one of the safest investment instruments banks offer customers. It allows customers to invest a certain amount of money for a fixed period safely and securely. However, you may be interested in finding out how to calculate your fixed deposit interest rate. Well, you can use a fixed deposit calculator online for this purpose.
सावधि जमा (FD) पर पूरी गाइड
भारत में, फिक्स्ड डिपॉजिट (एफडी) को अपनी मेहनत की कमाई का निवेश करने के सबसे सुरक्षित तरीकों में से एक माना जाता है। एफडी खाता न केवल खोलना आसान है, बल्कि इसमें अच्छा रिटर्न भी देते हैं। यदि किसी की प्राथमिकता सुनिश्चित आय प्राप्त करते हुए जोखिम उठाए बिना अपने वित्तीय लक्ष्यों को पूरा करने के लिए पैसे बचाना है, तो एफडी में निवेश करना सबसे अच्छे विकल्पों में से एक है।
सावधि जमा बनाम आवर्ती जमा: कौन सा बेहतर विकल्प है?
धन सृजन की प्रक्रिया में अनुशासन आवश्यकता होता है। धनराशि में वृद्धि के लिए को बढ़ने के लिए एक अवधि में धन को व्यवस्थित रूप से अलग रखा जाना चाहिए। चाहे आप शेयर बाजार, कमोडिटी बाजार, म्यूचुअल फंड में निवेश चयन करते हैं या यहां तक कि बचत के रूढ़िवादी तरीकों जैसे फिक्स्ड डिपॉजिट और आवर्ती जमा के विकल्प चुनते हैं; बचत का प्रत्येक तरीका अपनी विशेषताओं और लाभों के साथ आता है। ज्यादातर लोग आवर्ती जमा के रूप में छोटी मासिक बचत के साथ शुरुआत करते हैं, जिसे वे परिपक्वता पर सावधि जमा में परिवर्तित करते हैं। लेकिन यह इसके बारे में जानकारी का सिर्फ एक तरीका है। इस लेख में, हम सावधि जमा और आवर्ती जमा के बीच प्रमुख अंतर पर प्रकाश डालेंगे। हालांकि, ऐसा करने के लिए, हमें यह समझने की जरूरत है कि सावधि और आवर्ती जमा वास्तव में क्या है।
कर बचत सावधि जमा क्या है?
ब्याज आय अर्जित करने के लिए सावधि जमा खाता खोलना आपके बैंक खाते में रखी धनराशि का उपयोग करने का बेहतरीन तरीका है। लेकिन सावधि जमा खाता के विकल्प का चयनकर , आप ब्याज आय अर्जित करके कर लाभ प्राप्त कर सकते हैं। बैंक ऑफ बड़ौदा का बड़ौदा टैक्स सेविंग फिक्स्ड डिपॉजिट आपको आय अर्जित करते समय कर की बचत करने में मदद करता है।
सावधि जमा के ब्याज पर टीडीएस (TDS)
कोई भुगतान प्राप्त करने पर भुगतान करने वाले व्यक्ति को भुगतान से पहले कर की कटौती करना आवश्यक होता है । इस प्रकार काटे गए टैक्स का स्रोत पर कर कटौती (टीडीएस) कहा जाता है, जिसे आदाता द्वारा केंद्र सरकार को भुगतान करना होता है।
सावधि जमा खाता कैसे खोलें ?
सावधि जमा या सावधि जमा को आमतौर पर फिक्स्ड डिपॉजिट के रूप में जाना जाता है। बचत और चालू खातों जैसी मांग जमा से धन जुटाने के अलावा, बैंक द्वारा धनराशि जुटाने के लिए सावधि जमा का भी सहारा लिया जाता हैं। फिक्स्ड डिपॉजिट, जैसा कि इसके शब्द से पता चलता है, की एक निश्चित अवधि होती है।
सावधि जमा की विशेषताएं और लाभ
सावधि जमा भारत में सबसे लोकप्रिय निवेश विकल्पों में से एक है। कई लोग फिक्स्ड डिपॉजिट को सबसे अच्छा निवेश विकल्प मानते हैं और अपनी बचत का एक महत्वपूर्ण हिस्सा इसमें निवेश करते हैं। लेकिन सावधि जमा क्या है?
आपकी निवेश आवश्यकताओं के लिए विभिन्न प्रकार के फिक्स्ड डिपॉजिट
सावधि जमा (एफडी) सबसे लोकप्रिय बचत और निवेश योजनाओं में से एक हैं। यह आपको एक निश्चित अवधि तक जमा की गई राशि पर का भुगतान करते हैं। यदि आप निवेश के मामले में जोखिम लेना पसंद नहीं करते हैं, तो आप विभिन्न प्रकार के सावधि जमा में से किसी विकल्प का चयन कर सकते हैं। एफडी एकदम सही हैं क्योंकि इसके परिपक्व होने पर हम होते ही अपनी मूल राशि और ब्याज को भुना सकते हैं।
आवर्ती जमा की संपूर्ण गाइड
आवर्ती जमा (आरडी) भारत में एक सामान्य वित्तीय साधन है क्योंकि यह कम जोखिम वाला है और नियमित रूप से भुगतान किए जाने की गारंटी वाले मध्यम प्रकृति का लाभ प्रदान करता है। निवेश की मात्रा और अवधि के लिए ग्राहक विकल्प होना इसकी कई वांछनीय विशेषताओं में से हैं।
आरडी बनाम एफडी - आवर्ती जमा और सावधि जमा के बीच अंतर
आज, बैंक में खाते होना एक सामान्य स्थिति है। आपको विभिन्न अवसरों पर अपना बैंक खाता नंबर उपलब्ध कराना होता है ; जैसे नियोक्ता से वेतन प्राप्त करना या किसी योजना के तहत सरकार से सब्सिडी ज्यादातर लोग या तो सावधि जमा खाता खोलते हैं या आवर्ती जमा।
आवर्ती जमा ब्याज दर की गणना कैसे करें?
आवर्ती जमा, सबसे बेहतरीन तरीकों में से एक है जिसमें कोई छोटा निवेशक भी धन का निवेश कर इसमें बढ़ौतरी कर सकता है। आवर्ती जमा में, किसी निश्चित अवधि तक एक निश्चित राशि का निवेश किया जाता है। यह किस्तें एक ही साथ परिपक्व होती हैं। अनिवार्य रूप से, आवर्ती जमा कई सावधि जमा निवेशों की तरह है, जिनमें सभी एक ही दिन परिपक्व होते हैं।
आवर्ती जमा खाता कैसे खोलें?
आरडी खाता क्या है यह बहुत स्पष्ट है लेकिन आवर्ती जमा खाता कैसे खोलें? आरडी खाता खोलने के लिए, निवेशक को निकटतम बैंक या डाकघर में जाना होगा और आवेदन पत्र भरना होगा। कुछ आधारभूत दस्तावेज उपलब्ध कराने होंगे जैसे पहचान संबंधी दस्तावेज, पता प्रमाण, बैंक विवरण आदि।
आवर्ती जमा में निवेश की विशेषताएं और लाभ
अपने कॉर्पस को विकसित करने और निवेश शुरू करने के लिए सबसे अच्छा तरीका, नियमित रूप से निवेश में पैसा लगाना है। नियमित किस्तों की मांग करने वाले निवेशक न केवल बचत करने में मदद करते हैं, बल्कि वे निवेशकों के बीच निवेश करने हेतु अनुशासन भी सिखाते हैं। ऊपर दिए गए विवरण को पूरा करने वाले सबसे लोकप्रिय निवेशों में से एक आवर्ती जमा या आरडी है। आरडी खाते की विशेषताएं और लाभ क्या हैं, यह जानने के लिए इस आसान गाइड को पढ़ें।
विभिन्न प्रकार के आवर्ती जमा
आवर्ती जमा (आरडी) नियमित बचत शुरू करने का एक आसान और सुविधाजनक तरीका है। इसमें हर महीने तय रकम जमा की जाती है और पूर्व निर्धारित दर पर ब्याज मिलता है। आरडी किसी भी बैंक, डाकघर या एनबीएफसी के साथ किसी भी व्यक्ति, एक वरिष्ठ नागरिक, एक अभिभावक के साथ 10 वर्ष से ऊपर के नाबालिग, साझेदारी फर्मों, क्लबों, संघों और एनआरआई द्वारा खोला जा सकता है। ब्याज की दर वित्तीय संस्थानों में भिन्न होती है और इसका कार्यकाल 6 महीने से 10 वर्षों तक का होता है।
सावधि जमा पर समय से पूर्व निकासी: जुर्माना शुल्क और वैकल्पिक विकल्प
अधिकांश बचतकर्ता अपने नियमित आय के साथ अलग से कुछ आय अर्जित करना चाहते हैं। सावधि जमा, उनके बचत को निवेश करने हेतु नयी दिशा प्रदान करता है । जब कोई व्यक्ति सावधि जमा में निवेश करता है, तो वे निवेश की निश्चित अवधि में निश्चित आय अर्जित करते हैं। सावधि जमा , जिसे टर्म डिपॉजिट के रूप में भी जाना जाता है, कार्यरत पेशेवर और सेवानिवृत्त वरिष्ठ नागरिक, दोनों के लिए उपयुक्त हैं। सावधि जमा 7 दिनों से लेकर 10 वर्षों तक की अवधि तक होता है। विभिन्न बैंकों और वित्तीय संस्थानों द्वारा दी जाने वाली ब्याज दर अवधि के साथ-साथ बैंक की क्रेडिट रेटिंग के अनुसार अलग-अलग होती है। आम जनता के लिए सावधि जमा का ऑफर करने के लिए प्रत्येक बैंक के अपने नियम व शर्तें होती हैं।
NPS रिटर्न –आपके लिए आवश्यक
प्रत्येक व्यक्ति आगामी वर्षों के दौरान अपने जीवन स्तर से समझौता किए बिना वित्तीय आजादी के साथ जीना चाहता है और पेंशन योजना के साथ ऐसा संभव है। प्रत्येक वृद्ध भारतीय नागरिक को सामाजिक सुरक्षा प्रदान करने के मिशन के साथ, भारत सरकार ने राष्ट्रीय पेंशन प्रणाली की शुरुआत की जाय जो किसी को स्वेच्छा से निवेश करने, बचत जमा करने और सेवानिवृत्ति पर वार्षिकी योजना के माध्यम से नियमित आय के रूप में एकमुश्त राशि प्राप्त करने की अनुमति देती है।
जानिए एफडी की ब्याज दरें बार-बार क्यों बदलती हैं
फिक्स्ड डिपॉजिट उन लोगों के लिए पसंदीदा निवेश साधन हैं जो बैंकों द्वारा दिए गए सुनिश्चित रिटर्न और कम जोखिम वाले निवेश करना पसंद करते हैं। सावधि जमा में ब्याज दरें बदलती रहती हैं। हम आपको यह समझने में मदद करेंगे कि ऐसा क्यों होता है और यह आपकी बचत को कैसे प्रभावित कर सकता है।
किसान विकास पत्र (KVP) – आवश्यक जानकारी
इंडिया पोस्ट द्वारा 1988 में शुरू किया गया,किसान विकास पत्र लोगों के भविष्य को सुरक्षित करने हेतु छोटी बचत को प्रोत्साहित करने के लिए एक बचत प्रमाणपत्र योजना है। जैसा कि नाम से पता चलता है, यह वैसे किसानों की सहायता के लिए तैयार किया गया था जिनके पास पारंपरिक बैंकिंग प्रणालियों तक पहुंच की कमी थी, लेकिन निवेशकों के बीच कोई अंतर नहीं किया गया है।
सुकन्या समृद्धि योजना: आपकी लड़की के उज्ज्वल भविष्य के लिए निवेश
एक पुरानी कहावत के अनुसार, बालिकाओं को शिक्षित करने से देश की प्रगति होती है। इसके बावजूद, समाज में कई वर्ग हैं जहां बालिकाओं को बोझ माना जाता है और समान अवसरों से वंचित किया जाता है। इस दास्ताँ को बदलने और लड़कियों को समान स्थिति प्रदान करने के लिए, भारत सरकार ने सुकन्या समृद्धि योजना की शुरुआत की। आइए समझते हैं कि यह योजना आपकी बेटी के उज्ज्वल भविष्य के लिए आदर्श निवेश कैसे है।
वर्ष 2022 में निवेश के 7 उत्कृष्ट विकल्प
अपने वित्तीय लक्ष्यों को प्राप्त करने के लिए रोडमैप तैयार करने में निवेश काफी सहायक होता है। वे भविष्य के लिए निधि का संग्रहण करने में आपकी मदद कर सकते हैं। COVID 19 महामारी के बाद, अपने भविष्य को सुरक्षित करने के लिए निवेश करना पहले से कहीं अधिक महत्वपूर्ण हो गया है।
Benefits of Life Insurance
Life insurance is a must in today’s world. Modern living is an expensive business, and people have to bear the burden of huge costs like children’s education, EMIs on home loans, healthcare and so on. So it is important for every earning member to have a life insurance policy to protect the financial interests of his or her family. There are many benefits of life insurance policy, which we will look at in this article.
Features of life insurance
Let’s look at the features and advantages of life insurance policy:
Protection: The first and foremost objective of a life insurance policy is to ensure the financial protection of your family, and this could include dependent parents, spouse, children or siblings. The demise of the sole earning member could put dependents to considerable hardship, especially since cost of living is very high these days. Life insurance gives you the assurance that your family members will be looked after in the event of your untimely demise.
Contract: Life insurance is basically a contract between the insurers and the individual who takes out the policy. You pay premiums every quarterly/half yearly/yearly to the company. In return, the insurer will give a lump sum to your family in the event of your demise.
Premiums: Premiums are paid quarterly / half yearly which you need to pay to get life insurance. The amount will vary from person to person, depending on the tenure of the policy, age of the policyholder, health and type of policy.
Affordable: Life insurance is an affordable way of ensuring the financial well-being of your family. Premiums on policies, particularly term insurance, are quite low and worth your while for the protection they offer.
Easy to buy: Buying insurance from company is quite easy. Insurance companies have specified persons, who will visit you at your home or office and help you with options and paperwork. You can also do it online at your convenience.
Tax benefits: Another one of the benefits of life insurance policy is that you can deduct the premiums you have paid from your taxable income. Under Section 80C of the Income Tax Act.
Savings: There are some life insurance products that combine savings and insurance. This can be a good way of saving for the future and protecting your family at the same time
Types of life insurance
Now that we’ve seen the essential features of life insurance policy, let’s look at the types:
Term insurance
This is the most basic, and most popular, of life insurance policies. You purchase a policy for a certain period for which you pay premiums. For example, if a policyholder wants a policy till the age of 60, he or she can take one. And if the policyholder passes away before 60, the nominee is paid the death benefits.
Unit-linked Insurance Plan
A Unit-Linked Insurance Plan (ULIP) combines investment with insurance. At the end of the policy, the policyholder gets a certain sum. This is unlike a term plan where the payout is made only on the death of the policyholder. Part of the premium is paid for life insurance, while the remainder is invested in either stocks or bonds, depending on the investor’s risk appetite and investment goals. The investments yield returns which are then given to the policyholder after the end of the policy period
What is Life Insurance ?
Life can be pretty uncertain. The death of a loved one is always painful, but it can have pretty serious financial consequences if it happens to be an earning member. Life insurance was devised to protect a family in the event of the death of an earning member. So let’s look at what is life insurance in some detail.
Life insurance definition is that it’s a contract between an individual and an insurer. The individual takes out an insurance policy and pays monthly or annual premiums. If the insured person meets with an untimely death, a lump sum is paid to his family, whether it’s parents, spouse or children.
Now that we have understood life insurance meaning, let’s look at the various types of products available to you.
Term Insurance
When you are finding out what is life insurance policy, you should also understand all the different options. Among them is term insurance. This plan is for a certain fixed period of time. For instance, many people choose to have a life insurance policy till the time they are earning, so that their families do not have to suffer loss of income. The lump sum or death benefit paid will ensure that the families will be able to continue the lifestyle they are accustomed to. Some policies cover permanent disability as well. You can take out a term insurance that lasts for as long as you wish – till you are 60 years old or even a hundred! Of course, you will have to pay higher premiums if you take longer policies.
Whole life insurance
Here’s another term you need to learn while learning what is life insurance policy, and that is whole life insurance. This will provide you with lifetime coverage. Of course, you will have to pay premiums for your entire life for this kind of policy.
Endowment policy
An endowment policy is one that combines insurance with investment. The policy is for a fixed period and the policy holder gets a certain amount at the end of it, if he or she survives that period. If the policyholder does not survive, the nominee will get the sum insured.
Unit Linked Insurance Plan
The Unit Linked Insurance Plan or ULIP is a type of endowment policy which combines life insurance with investment. A portion of the premium goes to cover life insurance, while the remainder is invested in either equity or fixed income instruments. The policyholder has the option of selecting the mix of instruments depending on his or her risk appetite and investment goals.
Benefits of life insurance
Now that we have seen what the meaning of life insurance is, let’s look at the benefits.
Protection for family
Obviously, the biggest advantage of life insurance is that it provides financial protection for your family in the event of an untimely death. Ideally, you should take a life cover that is 10 times your annual income to protect your family’s interests.
Tax benefits
There’s another reason to invest in life insurance, and that is tax benefits. Premiums paid are eligible for a reduction in taxable income under Section 80C of the Income Tax Act. However, the amount is limited to 10 percent of the sum assured.
Varied choices
There are many choices available, from plain term insurance to ULIPs that combine insurance and investment.
Savings
Policies like endowment or ULIPS will help you save for long periods.
7 PPF Account Benefits You Should know About
If you are looking for a low-risk investment option, a Public Provident Fund or PPF is the answer for you. It is a long-term investment tool that helps you save money as well as enjoy tax benefits. The returns on a PPF investment are high, too, making it one of the most popular investment products of India. PPF account and its benefits are endless but here are seven top benefits you should know about:
Low risk: One of the biggest Public Provident Fund benefits is that it is a safe investment product. Since PPF account is not linked to any markets and is backed by the Government of India, an important PPF account benefit is that it has little to no risk. The returns on your investment are guaranteed by the government, so you can invest in a PPF and relax. An additional PPF account benefit is that if, unfortunately, you default on your debts, the funds in your PPF account cannot be attached by a court order to pay off the debt.
Tax benefits: Any investment up to Rs 1.5 lakh in a year into a PPF account is eligible for tax benefits under section 80C of the Income Tax Act. So your investments will be deducted from your taxable income. Another Public Provident Fund tax benefit is that the interest you earn on your investment is completely tax free.
Nomination benefits: A PPF account can be opened by anybody, including minors. Minors can invest in a PPF account under the guidance of a legal guardian. An important public provident fund benefit is that the account comes with a nomination option. So, you can nominate a beneficiary to your account in the unfortunate case of your death.
No minimum limit: With a PPF account, there is no minimum limit on deposits. You can start as low as Rs 500 and go on increasing the funds up to Rs 1.50 Lakhs.
Good returns: While you have the liberty to invest as low as you want, your returns are guaranteed by the Government of India. One of the PPF account benefits is you can also decide if you want to invest monthly or at once. For Quarter Jan-Mar 2020, the interest rate on a PPF account is 7.9% compounded annually.
Liquidity and loan facilities: A PPF account goes a long way at your time of need. One of the PPF account benefit is that you are eligible to get a loan from the Bank against a PPF account you hold with them from the 3rd F.Y. till end of 6th FY. In case of emergency, you can also make partial withdrawals from your PPF account on completion of five years from the end of the year in which the account was opened.
Flexible tenure: A PPF benefits after 15 years when the account tenure is over. Upon maturity you can decide to withdraw the entire amount or further invest in the PPF for an additional five years by applying for account extension within one year of maturity.
These are the top benefits of a PPF account. There are more advantages such as a PPF account can be transferred from your bank to a post office or other bank near you. You can also have your PPF account moved to a different Bank of Baroda branch. To invest in a safe and reliable investment tool, click here.
PPF Tax Benefits & Features you must Know About
A popular investment and tax saving instrument for Indians since it was first introduced in 1968 by the Central Government, the Public Provident Fund is a great tool to boost small savings by every individual across India. One of the biggest reasons thousands open opt for PPF is the PPF tax benefits.
The following are the features of a PPF for your comprehensive understanding:
Tenure
The PPF is a long-term investment with a minimum tenure of 15 years. PPF holder can extend the tenure by a period of 5 years every time.
Rate of interest
The rate of interest is determined by the Ministry of Finance every quarter. The compound interest is paid out at the end of the financial year i.e. on March 31. The interest is determined based on the balance between the closing of the 5th day and last day of each month.
Limits on investment
PPF is appealing to every section of society with different income levels. The minimum deposit every financial year is Rs.500 while the maximum amount is Rs.1, 50, 000. You can deposit the amount in lumpsum or in instalments in a financial year.
Opening Balance
You need to have at least Rs.500 to begin with when you open the account. Maximum amount upto Rs.1,50,000 can be invested every year and is eligible for exemption under section 80C of IT Act.
Mode of deposit
There is limited restriction on how you can deposit money into your PPF account. You can transfer funds online, deposit cash, cheque or pay through a demand draft.
Frequency of deposit
The account holder needs to make a deposit at least once a year for 15 years.
Nomination
The account holder may nominate one or more people (maximum 4) who will receive the amount in the PPF in case of the account holder’s death. The amount that each nominee will receive can also be determined by the account holder during nomination.
Joint account
One individual can hold only one PPF account at any given point of time. No joint account is allowed.
Risk-free
The PPF is backed by the government and offers complete protection of investment regardless of market conditions.
Loan
You are eligible to take loan against your PPF provided it is between its 3rd-6th Financial year. The loan amount is capped at 25% of the balance in the 2nd year preceding the year in which you applied for the loan.
Eligibility
You need to be an Indian citizen residing in India. Members of HUF cannot open a PPF account. One eligible individual can hold only one PPF account. However, an individual can hold another PPF account on behalf of a minor.
Can one withdraw from their PPF before maturity?
A PPF account can be closed only when it completes 15 years. However, if the account holder needs to withdraw money from their PPF account due to a financial emergency, they can do so only from the 7th year onwards. These withdrawals can be made only once in a fiscal year.
What are the tax benefits offered with a Public Provident Fund? Is PPF maturity taxable?
A PPF is categorised as EEE which stands for Exempt-Exempt-Exempt. This means that the principal amount can be deducted under Section 80C of the Income Tax Act, 1961.
Furthermore, there is no PPF maturity tax i.e. the account holder does not have to pay tax on the interest accumulated on maturity of the PPF or the total amount post maturity.
A simple enough tax saving instrument with good rate of interest, you can start a PPF for yourself or your child with Bank of Baroda.
Reasons Why You Need To Have a Fixed Deposit
Since the generation of our fathers and grandfathers, fixed deposits remained a preferred instrument to put our hard earned savings in. We would put away a lump sum in a fixed deposit offering an attractive and steady interest rate. Why we preferred and continue to prefer fixed deposits is because of the fixed interest rate which does not go up and down with changes in lending rates. FDs were considered safe and they gave us stable returns. Now you can even open an FD online without even having to go to the bank.
FDs are good for people who have extra lumpsum, which they don't need to use at the time.
FDs ensure capital protection and uniform flow of income. If you are risk-averse and do not want equity exposure, FD is for you
A Fixed Deposits is a saving instrument where you put a lump sum amount for a fixed period of time and earn a fixed rate of interest. On maturity you earn the principal invested along with the interest, which you can always reinvest! They are also called term deposits because you park money in them for a given tenure. Here are the key features of a Fixed Deposit:
Fixed rate of interest
Fixed deposits come with a fixed rate of interest when you open one. The rates of interest themselves keep getting revised from time to time, based on key lending rates. But you only get the rate of interest you locked into while booking the fixed deposit. Bank of Baroda, one among the oldest and largest banks of India, offers one of the highest deposit rates in the country, and has been a preferred bank to open FDs with, for many years now, given its security, pedigree and attractive rate of interest.
It is secure
Unlike financial instruments that depend on market movements, which are volatile, for you to profit from, fixed deposits are secure instruments since they give steady returns. For example, if the interest rates were to fall, you will still earn the rate of interest you were promised while booking the FD.
A bank’s market value, legacy and history also give it immense credibility and a sense of security to the depositors like the millions of depositors of Bank of Baroda who have parked their hard earned income and salaries in the Bank of Baroda deposit schemes for over a century now.
Return on investment
How much your returns on investment are on an FD will really depend on the interest rate and tenure of the FD you choose. You are likely to get more from investing in a long term FD but short term FD will give you more liquidity, depending on whether if your financial requirement is more immediate. You can also pick various options in FDs where you can either reinvest the proceeds you get from an FD or you can request for pay outs on a quarterly or monthly basis. In both the cases, the returns will vary
Flexible Tenures
Bank of Baroda offers flexible tenures. It offers both short term and long term FDs for the benefit of the depositors.
Lending facility against FDs
Some banks also offer loans against FDs, so you do not have to break or liquidate your FD before maturity to get cash. Also, you can continue to earn the interest on the FDs. These loans are in the form of an overdraft (OD).
Tax Benefits Under NPS One Can Avail of
National Pension Scheme or NPS is a central government scheme for all those who want to save for their retirement days early on. So if your retirement is still some time to go and you are already planning to make arrangement for your golden days, the NPS is your ticket to achieving these goals. There are several benefits of the NPS scheme as it is a low risk scheme. The tax benefits that come with the NPS make it a great choice of investment. Here are some of the NPS tax benefits:
NPS tax benefit for individuals:
Any person subscribing to the NPS is eligible for a tax deduction of 10 % of his/ her gross income up to Rs1.5lakh under the section 80 CCD (1) of the Income Tax Act. In an exclusive tax saving benefit, you are also eligible for an additional deduction for investment up to Rs50,000 in NPS (Tier I account) under subsection 80CCD (1B). This exclusive benefit is over and above the deduction of up to Rs 1.5 lakh under section 80C. NPS tax benefits for individuals under corporate sector
You are eligible for an additional tax benefit if you have subscribed to NPS scheme under the corporate sector. This deduction is under the section 80CCD (2). Under this the employer’s NPS contribution up to 10% of salary (Basic + DA) is deductible from taxable income, without any monetary limit.
NPS tax benefits for corporates
Corporates making contribution towards employee’s NPS is deducted as business expense from their profit and loss account. So the employer’s contribution towards NPS up to 10% of salary (Basic + DA) can be deducted as NPS tax exemption.
NPS tax benefits on partial withdrawal
National pension scheme tax benefits is that you can partially withdraw funds from your NPS tier-I account .This benefit is available for specified purposes only. The amount withdrawn up to 25% of your contribution is exempt from tax.
NPS tax benefit on annuity purchase
If you invest funds in annuity, it is completely exempt from tax. Only the income from annuity received in the subsequent years is taxable.
NPS tax benefit on lump sum withdrawal
When you are 60 years old, if you withdraw the funds in lumpsum, maximum 60% of the corpus can be withdrawn from which 40% of the corpus is exempted from tax.
One of the biggest selling points for NPS is the additional tax benefits attached to the scheme. If you have a low appetite for risk and want to plan for your retirement days, invest in an NPS now. Click here to invest in an NPS tax saving scheme.
What is Forex Card?
Planning to go on a trip abroad? Don’t forget to carry a forex card for a hassle-free trip. So, what is forex card?
A forex card is the safest way of carrying foreign currency for paying for expenses when you are travelling abroad. It is a prepaid card which you can load with a specified amount in a foreign currency. So, when you are travelling overseas, you can swipe this forex card to pay for your expenses, instead of carrying cash around. It works as a debit card. You can also withdraw cash with your forex card from an ATM.
What is forex card and its types?
A forex card is a type of prepaid card in which you can load money in foreign currency. It is globally accepted, and you can either pay for your expenses using your forex card or withdraw cash in foreign currency at an ATM.
Forex cards are largely divided into two types – single currency cards and multicurrency cards.
Single currency forex card: A single currency forex card can be loaded with a particular foreign currency. You can use load this card with a currency when travelling to a particular country.
Multi-currency forex card: As the name suggests, you can preload this card with multiple currencies. Check with your bank about the currencies that you can load onto your multi-currency forex card.
What is the use of forex card?
A forex card is your best friend when you are travelling in a foreign country. There are several benefits of carrying a forex card over travelling with wads of cash or looking for places to convert currencies.
With a forex card, you are likely to get a better conversion rate. Buying a forex card from a bank is a cheaper solution to currency converted.
Most banks offer a range of forex cards that can suit your needs. You need not necessarily have an existing account with the bank to be able to purchase a forex card.
You can avail of many deals, offers and discounts that most banks offer when you purchase a forex card.
A forex card is much safer than carrying cash around. It comes with the chip and pin technology, which adds another layer of safety. Further, if you lose your forex card, you can get your card hot listed immediately to avoid any misuse of the card.
If your card has a remaining balance when you are back home from travel, you can encash the amount at the existing exchange rates. To avoid maintenance charges, you can get your card blocked until your next visit overseas.
How forex cards work?
What is forex card if not a debit/ credit card for your overseas travels. They are globally accepted and are a safer alternative to cash. But how does a forex card work?
It works exactly like a credit or debit card. You apply for a card. Once your application is approved, you receive the card with a pin. Change the pin. Use internet banking to load the card with your desired amount and currency. Now you are good to go.
When abroad, just swipe your forex card at the point of sale machine whenever you pay for something. Just like a debit/ credit card transaction, you will receive SMS and email notification of your transaction and the balance.
Gone are the days of travelling with cash in hand. The world has gone digital and it’s time you did, too. With a forex card in hand, you can get the best deals. Be a global citizen and shop without any limits with a forex card. Avoid queues for exchanging your currencies. Forget about the hassles of travelling with wads of cash in your pocket. Just swipe your forex card and enjoy your trip to the fullest.
What is NPS? It's features and benefits!
If you are looking for a safe investment option, the central government’s National Pension Scheme (NPS) is a good choice. You may be wondering what is NPS scheme?
The NPS is a central government pension scheme that can be availed by employees from the public, private and unorganised sectors. Under this scheme, you csssssan make investments in a pension account at regular intervals through the course of your employment. Not only will you accrue interest on your investments, the account will act as a pension fund for you after your retirement. Upon retirement, you will be allowed to withdraw a percentage of the savings and the rest of the funds will be disbursed to you as equal monthly pension.
While the scheme was earlier available to central government employees only, it has now been extended to the general public (everyone except those in the armed forces.) As an additional benefit, you can also avail tax deductions for your investments in NPS.
Types of NPS account
Primarily, there are two types of NPS accounts: Tier I and Tier II. Tier I is a mandatory account and Tier II is a voluntary one. The biggest difference between the accounts is that investments made in Tier I account are eligible for tax deductions of up to Rs 2 lakh but investment towards Tier II account do not attract any tax benefits. However, you may withdraw funds prematurely from your Tier II account. Premature withdrawals from Tier I account are not allowed.
What are the features of NPS scheme?
Here are some of the prominent features of the NPS scheme:
Minimum investment: The minimum amount that one must contribute towards the NPS is Rs500. While there is no upper limit to the maximum amount that one can contribute, a Tier I account requires a minimum contribution of Rs1,000 in a financial year.
Frequency of contribution: A subscriber must make at least one contribution in a financial year.
Eligibility: Any Indian citizen between the age of 18 years and 65 years can invest in this scheme.
Fund manager: If you are not happy with the performance of your NPS account, you can seek a change in your fund manager.
What are the benefits of NPS scheme?
The NPS account comes with a host of benefits. Here are some NPS advantages:
Tax benefit: With the NPS account, you stand to avail tax deductions up to Rs 2 lakh. You can claim a deduction of up to Rs 1.5 lakh for your contribution as well as for the contribution of your employer into NPS. Section 80CCD(1) of the Income Tax Act covers the self-contribution part under Section 80C. The maximum deduction you can claim under 80CCD(1) is 10% of your salary. For the self-employed taxpayer, one can claim 20% of the gross income. Section 80CCD(2) covers the employer’s NPS contribution. The maximum amount that is eligible for deduction is the lowest of the three—actual NPS contribution by employer, 10% of basic + dearness allowance, gross total income. Apart from this, you can claim any additional self-contribution up to Rs50,000 under section 80CCD(1B) as NPS tax benefit.
High returns: Since a part of your NPS goes to equities, returns on NPS are higher than traditional tax-saving investments such as the PPF.
Low risk: The central government has capped the equity exposure of NPS to the range of 50 to 75 %. This reduces the risk involved in investment into NPS.
Retirement benefits: Upon attaining 60 years of age, you can withdraw up to 60 % of your savings in a go. The rest of the funds are given to you as equal monthly pension. By saving early on, you can prepare for your retirement days
If you want to enjoy your retirement days without having to worry about your expenses, it is advisable to invest in the NPS. By investing early, you can prepare for a hassle-free and peaceful retirement life.
What is Pradhan Mantri Jan Dhan Yojana
Since his election as the Prime Minister of India has launched several schemes that are targeted to people of different income groups – especially those belonging to the middle and lower-income groups. One of the most popular schemes he’s launched is known as the Pradhan Mantri Jan Dhan Yojana. But what is Jan Dhan Yojana? Let’s find out.
What is Pradhan Mantri Jan Dhan Yojana
Launched in August 2014, the Pradhan Mantri Jan Dhan Yojana is a savings scheme introduced by the PM to ensure that every Indian citizen can open a savings account and gain a sense of financial independence without worrying about maintaining account balances. This scheme targets people belonging to the economically weaker and middle-income groups. It encourages them to open a savings account and benefit from a bouquet of financial facilities and services. Apart from providing a zero balance savings account, account holders also become eligible for benefits like credit insurance and pension as well as easy and affordable remittance, among other things.
What is the benefit of Jan Dhan Account?
Having explained what is PMJDY, let’s take a look at some benefits of the Jan Dhan account. They are as under:
It is a zero balance savings scheme
As mentioned above, the Jan Dhan Account is a zero balance savings account. This means that account holders don’t have to worry about maintaining an average monthly balance in their savings account. They are not charged or penalised for non-maintenance of minimum monthly balances.
Account-holders can avail loans and overdraft facilities
People belonging to economically weaker sections, often do not have a bank account and have to rely on private money lenders for loans. These money lenders often quote high-interest rates, thus adding to the financial woes of such people, and putting them in an infinite loop of loans and EMIs. However, with PMJDY, account holders can avail bank loans at loan interest rates. People who’ve maintained balances for six consecutive months can also avail overdraft facilities of ₹5,000 against savings parked in the PMJDY account.
Account-holders receive accident and life insurance cover
Since people belonging to economically weaker sections cannot afford to invest in insurance, the PMJDY scheme offers the added incentive of accident and life insurance cover. This coverage is provided complimentary with the RuPay debit card under which account holders receive accidental insurance coverage and life insurance coverage worth ₹100,000 and ₹30,000 respectively.
Benefits from government schemes are directly transferred into the PMJDY account
Account-holders can easily access their pension accounts through the PMJDY account. Those individuals who have invested in any government schemes like the SCSS or Atal Pension Yojana, can opt to have their benefits directly transferred into their Jan Dhan savings account.
Final word: Now that you know what is PM Jan Dhan Yojana, and its benefits, you can consider opening your account and availing the benefits that go with it. Visit your nearest bank and find out how to open your PMJDY account.
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