Saving Schemes Guide
Embark on a journey through the Savings Schemes knowledge treasury. Uncover a wealth of information on diverse savings instruments, from traditional accounts to investment-linked options, empowering your financial planning endeavours.
Public Provident Fund
Public Provident Fund: PPF Meaning & Tax Benefits The Public Provident Fund (PPF) is a long-term savings scheme offered by the Indian government. It is ideal for individuals seeking tax-saving options and provides attractive interest rates, tax exemptions, and a secure investment platform. With a 15-year tenure, PPF remains a popular choice for prudent investors […]
Read More >Senior Citizen Savings Scheme
Senior Citizen Savings Scheme: Benefits & Interest Rates As we age, financial security becomes a top priority. With limited income sources and increasing healthcare expenses, it is crucial for senior citizens to have a stable and reliable means of saving and investing their hard-earned money. In response to this need, the Government of India initiated […]
Read More >Pran Number
Permanent Retirement Account Number – PRAN Number The Permanent Retirement Account Number is a crucial component of India’s National Pension System (NPS). As a unique identifier for NPS subscribers, it facilitates easy management and tracking of individual retirement funds. By registering, individuals can access a comprehensive pension scheme that ensures financial security in their golden […]
Read More >Interest Rate
Understanding Interest Rates – A Detailed Guide Interest rates, often perceived as mere financial figures, profoundly influence our daily lives, subtly steering our economic decisions and shaping our financial landscape. In this guide, we will explore what the interest rate is, uncovering its diverse forms and the complex mechanics behind it. What is an Interest […]
Read More >What is Ballon Payment?
Balloon Payments: Examples, and Pros/Cons You might be familiar with traditional loan instalments that are distributed equally. Every installment amount will be almost the same. Besides traditional loan payments, borrowers also prefer balloon payments. These payments allow borrowers to pay small early installments, followed by large ones. What is a Balloon Payment? A balloon payment is the […]
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