An emergency fund is an associate account accustomed put aside funds required in the event of a private money, like the loss of employment, an essential health problem. The purpose of the fund is to improve financial security by creating a safety net of funds that can be used to meet emergency expenses. In the … Read more
Employee Provident Fund (EPF) is a scheme introduced by the Government of India to provide social security to employees. It is a mandatory scheme under which employers are required to contribute a certain percentage of their employees’ salary towards their EPF account. The EPF account not only provides financial security to employees during their working … Read more
In the budget 2019, finance minister Mr. Piyush Goyal has announced to launch of a pension scheme called Pradhan Mantri Shram Yogi Maandhan Yojana (PM-SYM). Under this scheme, the unorganized sector’s workers will be benefited for the pension. In this article, we will discuss all the scheme, who will get the advantage of the scheme. … Read more
In the year 2020 due to the Covid-19 outbreak, there are many people who had lost their job or were to be victims of a salary cut. Under such a situation, managing the monthly expenses was very difficult. Especially when you have fixed monthly commitments like a home loan or car EMI. The government had … Read more
All the employees whose Provident Fund is getting deducted by their employer, are allocated Universal Account Number (UAN) by the employer. The same needs to be generated by the employer on the EPFO website. Now the employee can also generate UAN directly by themselves through EPFO portal. In this article, I will explain the step-by-step … Read more
In India, when you talk about savings and investment, the first thing comes in people’s mind is fixed deposits. Indians, by nature, are conservative when it comes to their money. They still believe in traditional fixed deposits. If you ask anyone about savings and investing, they would prefer to do fixed deposits. There is all … Read more
If you have made a withdrawal claim for your EPF balance, and you want to check your PF claim status, this article would help you in explaining different ways by which you can check UAN claim status by yourself. After submitting the withdrawal claim, if you want to check the status of your EPF claim … Read more
LIC (Life Insurance Corporation) of India offers a range of insurance policies that can be used for retirement planning. Will discuss in detail about LIC for retirement planning and whether you should opt for it or not. What is LIC of India? LIC of India (Life Insurance Corporation of India) is the largest life insurance … Read more
VPF and PPF are two popular investment schemes offered by the government of India. VPF stands for Voluntary Provident Fund, while PPF stands for Public Provident Fund. In this article, we will discuss VPF vs PPF, and which one is better for you. These investment schemes are designed to help individuals save for their future … Read more
Fixed Deposits are second most preferred across the country after Gold. Due to the low interest rates on FDs from the past few years, the trend of people was decreasing towards it. In the coming times, investors should be safe on floating rate FDs Will get more profit with. Let’s check which FD is better … Read more
Saving money is an essential aspect of personal finance and building a secure future. With numerous saving schemes available in the US, it can be overwhelming to determine which one best suits your financial goals and needs. In this article, we will explore the best saving schemes in the US and help you understand which … Read more
Finally, much awaited and debated tax policy is implemented on 1st July 2017. Rates for over 500 services and 1,200 goods were fixed, or 80-90% of items were covered into the GST’s five broad rates ranging from 0% to 28%. GST move will be the biggest tax reform in Indian history. Everyone is looking for … Read more
Retirement age refers to the age at which an employee is required to leave his or her job and retire. The concept of retirement age has become increasingly important in India as the population ages and the workforce changes. In India, the retirement age is determined by the government and varies depending on the sector … Read more