7 types of Petrol Pump frauds (its a nation wide scam)
I got cheated at a Petrol Pump yesterday for ₹ 400. Yesterday I went to a BPCL petrol pump to fill petrol in my car, where it all happened. I asked the attendant for a “Full Tank”. I generally get out of my car and stand near the person filling it, but I was in […]
10 money lessons for millennials (Recent corporate webinar by Jagoinvestor)
We recently had an opportunity to conduct a personal finance session for the millennial. For those who don’t know this word, millennial means the people who are just reaching their adulthood. They are quite young, and may be just out of college and recently started earning money. I am writing the article so that we […]
How long will you live after retirement? (Its not 80 yrs)
70-80 yrs. That’s what most of the investors answer when they are asked – “How long are you going to live?” Truly speaking, no one knows how long will you live!. We may die at 60, 70,80, and 90,100 or may be 47 or next week!. Who knows? In most of our workshops and even […]
Is 30x of annual expenses enough for retirement in India?
Today we will discuss an interesting topic – How many times of your annual expenses do you need as your retirement corpus to retire comfortably? For example, if someone has an annual expenses of Rs 6 lacs per year, then can they retire with Rs. 1.8 crores (30 times)? This is the focus of the […]
Senior Citizen Saving Scheme (SCSS) – How it works and brief review
The investment product which I will be talking about in this article will meet all your requirement as a senior citizen. It is called as “Senior Citizen Saving Scheme”. It is one of the safest investment products because it is sponsored by the Government of India. What is SCSS? Senior Citizen Savings Scheme (SCSS) is […]
How much “Gold” can you hold without any income proof?
Most of the Indians are obsessed with gold. But are you aware of the restriction on how much gold can you hold even the worth of gold does not match your income status? In this article I will exactly touch base on that. How much gold can you have without receipts? Have you ever wondered […]
Corona Rakshak Policy – Get paid when you catch Covid-19
Health Insurance companies have recently launched one more corona specific health insurance policy called as Corona Rakshak Policy” as per the IRDAI guidelines. This is a benefit based health insurance plan which pays you a lump sum amount when you are diagnosed of covid-19 and are hospitalized for continuous 72 hrs. Features of Corona Rakshak […]
Corona Kavach Policy – Get insured and save high medical bills
The ongoing COVID-19 pandemic has caused a lot of fear and anxiety in our lives because there are no vaccines or any cure available for this illness. If anyone gets COVID +ve there are chances that there may be huge medical bills running into lakhs of Rupees. In case you don’t have big health insurance, […]
54 EC Capital Tax Bonds – How to save your tax after selling house?
When you sell any capital asset like a house, gold, bonds or debt mutual funds over a long period, you generally make a PROFIT, which is called as Capital gains. This is treated differently from “interest income” which you get from fixed deposits and these capital gains are taxed at 20%. In case of selling […]
e-Nomination facility in EPF accounts – Update your Nominee online?
Almost all the salaried employees have an EPF account. For many years and sometimes for decades, the money gets added to this EPF account and we all feel great about it. However, we do not pay attention to a small thing which can lead to a big problem. And that is not having the right […]