The Govt. of India announced 7.75% Savings (Taxable Bonds), 2018 recently. Let’s understand the salient features of these bonds and whether you should consider investing in these bonds. Firstly, these are not new bonds. The Govt. withdrew 8% taxable bonds (2003) recently and has introduced these new 7.75% taxable bonds, 2018 in its place. The earlier bonds had a maturity … [Read more...] about 13 Things to know about Govt. of India 7.75% Savings (Taxable) Bonds, 2018
Conventionally, when you borrow, you borrow from an institution, say a bank or a Non-Banking Finance company (NBFCs). In case of Peer-to-Peer lending, you don’t borrow from an institution. Instead, the lenders are common individuals like you and me. To put it another way, in case of peer-to-peer lending, both the borrower and the lender are common individuals. Please … [Read more...] about All you need to know about Peer to Peer Lending Platforms
There are so many EMI calculators available today that we hardly care to understand the basic maths behind these calculations. I have met quite a few people who think of EMI calculation as a black box. That is clearly not the case. The calculations are quite simple. And if understand these calculations well, it will much easier to assess the impact of various inputs … [Read more...] about How to calculate Loan EMI?
On a recent visit to a leading jeweller, I came across a gold scheme. Typically, the gold schemes go like this: You pay a fixed amount (instalment) every month and at the end of a specific period, you can purchase jewellery from the jeweller. Of course, the jeweller gives you an incentive to participate in such a scheme. In this, I will discuss Golden Harvest Scheme … [Read more...] about Is it wise to invest in Gold schemes by Jewellers?
Aadhar is assuming greater and greater importance in our lives. We are required to link our Aadhar information to bank accounts, investments, insurance, mobile connections, PAN card and at many more places. In addition, even from a transaction standpoint, Aadhar verification is required to get new mobile connections, file income tax returns etc. Aadhaar verification is … [Read more...] about How to check online where and when your Aadhaar has been used for Authentication?
Atal Pension Yojana (APY) was launched to provide life-long pension to the underprivileged and workers in the unorganized sector. If you join the scheme, the Central Government guarantees you and your spouse a minimum pension for life. Atal Pension Yojana (APY): Benefits and Scheme Details Based on your contribution per month, you will receive a minimum guaranteed pension … [Read more...] about Atal Pension Yojana (APY): Features, Benefits, Tax Treatment and Review
You purchased a pension plan many years back. The plan is about to mature. You get a call from the insurance agent/salesperson that you can use the pension plan proceeds to purchase a Unit Linked Insurance plan. What will you do? I have received quite a few similar queries over the last few months. Perhaps, this always used to happen. Just that I got aware because of the … [Read more...] about Maturing Pension plans and purchasing new ULIPs
Have you been investing in NPS? If not, I am not sure there are some reasons for staying away from NPS. Some of the common (and most of them valid too) reasons for not investing in NPS are: #1 Your money is locked in until the age of 60 Yes, you can’t access your money until the age of 60 or you can access only a small portion of it before 60. That is a problem. But all … [Read more...] about What are the problems in NPS? Why investors stay away?
When we talk about Unit Linked Insurance Plans (ULIPs), the detractors point to higher charges that lead to lower returns. On the other hand, the proponents point to the favourable low-cost structure that came into existence after IRDA revised Unit Linked Regulations, 2010. Both seem to have a valid point. Higher charges do eat into the returns. On the other hand, the new-age … [Read more...] about In a ULIP, you pay more for the same life cover as compared to a Term plan (Mortality charges)
IRDA, the insurance regulator, has made it mandatory to link your Aadhaar card to insurance policies. Though I am not a big fan of traditional life insurance plans, I still happen to hold one such plan from LIC. Therefore, I need to link my Aadhaar to my LIC policy. What about you? Have you purchased any LIC policy? How do you plan to link Aadhaar card to your LIC … [Read more...] about How to Link Aadhaar to LIC policy online in 5 minutes?