Highlights of Public Provident Fund Public Provident Fund, popularly known as PPF, is a savings cum tax saving instrument. It also serves as a retirement planning tool for many of those who do not have any structured pension plan covering them. Public Provident Fund account can be opened at designated post offices throughout the country […]
When to Review your Life Insurance Policy?
Life insurance policy and health insurance policy are the two major pillars of every financial planning. Absence of any of the policy will completely destroy the financial plan. But simply taking the policies are not enough, one needs to make sure that the cover or the sum assured amount is sufficient to serve the purpose. […]
Company Fixed Deposits Risks and Rules to know before Investing
Investing in Company Fixed Deposits Currently, most of the banks are offering interest rates on fixed deposits in the range of 6% to 7%. Although fixed deposits with the banks are safe, post-tax returns of the bank sometimes do not even beat the inflation rate. So it is must for the investors not to stick […]
SIP or Home Loan Prepayment?
Living life debt free is often considered as a Supreme Goal of Financial Planning. However, to achieve this Goal one has to make efficient financial planning, as well as full-heartedly, follow it. If we talk about a Home loan, the tenure stretches to 20 years to 30 years which covers your whole working life (i.e. […]
Tax Exemption on Life Insurance Policy under Section 10(10D)
Section 10(10D): Tax Exemption on Maturity Amount of Life Insurance Policy As per Section 10(10D) of the Income Tax Act, 1961, any sum received under a Life Insurance Policy, including the sum allocated by way of bonus on such policy is exempt from tax whether received from India or any Foreign Company. However, this rule does […]
SIP vs. PPF: Better Investment Option
What are SIP and PPF? SIP refers to the Systematic Investment Plan which is often used in the context of investment in Mutual Funds. PPF, on the other hand, refers to the Public Provident Fund. SIP is basically an investment strategy while PPF is an investment product. Before deciding the better off in SIP and […]
Choose from Paytm First vs Ola Money Credit Card
Following the footpath of tech giant Apple, Mobile wallet giant Paytm and cab aggregator Ola have come up with their maiden Credit Card. In case you are a user of both the companies and planning to go with an only card then it becomes must know the differences between both the credit cards and choose […]