Unlock the secrets of retirement planning in India with this comprehensive calculator. Discover how age, income, and investments shape our financial future. I’ll suggest you, explore all the variables of the calculator. There are 14 number variables that shape the final result. Change a few tiny bits in each of the variables and observe how…
The Dosa Economics of Raghuram Rajan explains the negative impact of high inflation on our purchasing power. But we already know that high inflation is bad, right? So why the RBI Governor had to coin the concept of Dosa Economics? Both, ‘high’ and ‘very-low’ inflation is bad for the overall economy and also for our pockets. Hence Reserve…
Senior Citizen Saving Scheme (SCSS) is a “Government Initiative” in line with Government Savings Banks Act, 1873. It comes under “small savings scheme” which became live for public from 2-Aug-2004. Considering that SCSS is a “central government” initiative, the investment made here is highly secure. This is one of the reason which makes it a…
National Pension System (NPS) is a ‘retirement savings scheme’ which anyone can use to build retirement corpus. Yes, NPS is a corpus builder. In itself, NPS cannot generate income after retirement. Why I’m highlighting this fact? Because as an investor we must be aware that only NPS-investing will take us through. More needs to be…
Reverse mortgage is also a ‘home based’ loan. But it is different from our typical home loan. The main difference is that, reverse mortgage is available only for elderly people, above 60 years of age. In working, the reverse mortgage is just the opposite of home loan. Hence the word “Reverse” is used to name…
Almost all salaried people in India contributes to EPF scheme to build a retirement corpus. But NPS (National Pension System) did not had this kind of penetration. In 2009, GOI made NPS available for ‘all citizens’ of India. Earlier it was available only for the government employees. Today we know that NPS can build a…
GOI has announced a pension scheme called “Pradhan Mantri Vaya Vandana Yojana (PMVVY)” for retired people above 60 years of age. PMVVY scheme was made available for sale since 4th-May’2017. It will remain available for sale only till 31st-Mar’2020. Only LIC of India has the sole right to operate PMVVY. One can buy online the…
How difficult it was for people to understand the EPF withdrawal process? In good old days, EPF withdrawal process was known only to the employer. Hence it was not uncommon to find ex-employees being harassed by the employers for their EPF withdrawals. But the cases of harassment was a smaller problem. The bigger issue was…
