Budget Savings

Pradhan Mantri Jan Dhan Yojana is a scheme that was launched by the Government of India to ensure the financial inclusion of all the Indian citizens who do not have a bank account in India. It was a nationwide scheme that was launched in August 2014. This particular scheme aims to provide access to financial services such as banking, saving accounts, deposits, credit, insurance and pensions in an accessible manner to all Indian citizens.

There have been several schemes launched in our country to empower women to become self-reliant and independent. You may have noticed that there are special conveniences offered to women such as separate seating arrangements in public transport, special coaches in trains, reservation in jobs, exclusive scholarships, interest rate concession in education loan schemes and special insurance schemes, etc.

The interim budget of the outgoing government was presented on 1st Feb 2019. This being the last budget of the ruling party was expected to be populist in nature. However, experts say that this budget was balanced and tried to offer something to all sectors and classes of population.  

The Pradhan Mantri Suraksha Bima Yojana and the Pradhan Mantri Jeevan Jyoti Bima Yojana are insurance schemes launched by the Indian government to ensure that even the poorer sections of our society have some kind of insurance in the face of adverse accidents to help them through financial adversities. 

As much as we wish that money was not important, it is hard to deny that finances are extremely important in our life. If not used efficiently, lack of financial resources can put you in a bad spot. But of course, mistakes are made at times, but they are always corrigible. Let us see how simple lifestyle changes can put your finances back on track 

Gone are the days when payments had to be made by using the same city cheque or a demand draft. With a variety of transfer options like NEFT, IMPS etc, instant money transfer has been made possible. All it requires is a bank account holder's name, account number, and the bank IFSC code.  

With the ongoing Independence Day celebrations, the biggest e-commerce companies such as Amazon, Flipkart have launched a week of ‘Big Freedom Sale’. With the festival season around the corner , it indeed is the time of raining offers. Find out to know what this Independence Day has in store for you!

Whenever anyone talks about shares , what they are really talking about is common stocks. These are the basic stock that is available in the market providing equity to the buyer granting ownership in a company and a claim on a portion of the company’s net profits. Common stockholders also have the right to elect the board members of the company. These stocks will not provide any fixed income in the form of dividends as it is not mandatory for the company to pay dividends. Instead the buyer can sell the stocks for higher prices than what they bought it for making profits.

Many people wish to buy a car or two-wheeler once they secure a job. Though it is a necessity, investing in a depreciating asset or liability would bring additional expenses to you. There are lot of investment options that keep growing and all you may have to do is invest a minor part of your income into it. Make a thorough research and invest smartly to enjoy the benefits abundantly.

Your life insurance policy should cover minimum and basic expenses of your family. Your dependents life should not significantly alter in your absence. If you are spending INR 15,000 per month for your family, your insurance should make sure that your family is able to get the same amount after your death. If necessary, a little extra amount should be taken to adjust for inflation.

If you’re a salaried employee, then you know that the take-home pay is far less than the overall salary package. A significant percentage of your salary is deducted every month to invest in the EPF (Employee Provident Fund), ESI, and other schemes.

The PPF (Public Provident Fund) scheme is one of the most popular investment schemes among Indians. The various benefits – tax-saving, guaranteed returns, safety make it the number one choice for millions of investors.