Personal Finance - Angel One - Page 143

The Jharkhand Mukhyamantri Maiya Samman Yojana is a welfare program designed to provide financial support of ₹2,500 per month to economically disadvantaged women across the state. Launched to empower women and enhance their financial security, this initiative is available to women aged 18 to 50 who are part of families holding ration cards issued by …

The Employees’ Provident Fund (EPF) offers an attractive 8.25% interest on deposits, making it a great tool for long-term savings. However, many young subscribers withdraw their entire PF balance when changing jobs, missing out on the benefits of compounding. EPFO’s Growing Concern The Employees’ Provident Fund Organisation (EPFO) is worried about the rising trend of …

The 7th Pay Commission, implemented in January 2016, brought significant changes to the salary structure of central government employees and pensioners. One of the key aspects of this commission was the revision of pension calculations for retired employees. But how exactly does it affect pensioners? Let’s take a closer look. Pension Revision Under the 7th …

Understanding your take-home salary when your Cost to Company (CTC) is ₹15 lakh per annum (LPA) involves breaking down various components of your compensation and accounting for mandatory deductions. Here’s how you can estimate your monthly in-hand salary: Components of CTC Your CTC typically includes: Basic Salary: Usually 40-50% of the CTC. For a ₹15 LPA …

The maturation of an investment signifies the completion of its predetermined term. At this juncture, investors must decide whether to withdraw the funds or reinvest them for future growth. Investments that reach maturity may include fixed deposits, bonds, stocks, or mutual funds. Making the right decision requires evaluating multiple factors that influence both short-term and …

Finding your parent/grandparent’s share certificates in an old locker can be a wish come true. If you have an old TCS share certificate, understanding its true value might be your next step. An old share certificate promises substantial cash rewards, provided you know how to claim it. Here’s a step-by-step process you could follow if …

Fraudsters are targeting the poor looking to apply for loans under the PM Mudra Yojana. A fake approval letter offering ₹5,00,000 on payment of ₹2,100 is trending among applicants. However, people must exercise caution before transferring money to anyone. The government never asks for payment to grant loans under the scheme. Myths Around PM Mudra …

Gratuity is a financial reward given by employers to employees as a token of appreciation for their long-term service. It is a statutory benefit under the Payment of Gratuity Act, 1972, ensuring that employees receive a lump sum upon retirement, resignation, or under certain other conditions. In case of the employee’s demise, their nominee or …

Accumulating ₹50 lakhs over 15 years may seem like a significant challenge, but with a disciplined approach and the right investment strategy, it’s entirely possible. The key to reaching this goal lies in starting early, investing consistently, and choosing the right investment options to maximise returns.   One of the most effective ways to reach this …

Curious about how much gold costs in Dubai amid rising global gold prices? Whether you’re an investor, a jewellery enthusiast, or someone planning to buy gold, staying updated with the latest gold rates is essential. Dubai, known for its tax-free gold market and competitive pricing, attracts buyers from around the world. In this blog, we’ll …