As a result, you should stay true to wealth creation instead of getting carried away with the flow. Here, we list out some of the key money lessons that each investor should be mindful of. In fiscal 2025, you may want to follow these money lessons to achieve your financial goals in the long term. …
The Employees’ Provident Fund Organization (EPFO) is vital in safeguarding employees’ financial futures through retirement savings promotion. Getting a grasp on the latest clarifications regarding pension rules from the EPFO can be quite beneficial. Here are some aspects that the EPFO has provided clarification on: Eligibility for pension: This might encompass criteria such as minimum …
Investment is one such goal that makes the journey of life interesting. Investment is an asset acquired with the goal of generating income or appreciation. Appreciation increases in value over a period of time. Investment is made to create future wealth. When a child is born, learning is gradual. Recognition with senses, reciprocation with gestures, …
This is believed to be either the last or perhaps second last meeting before the interest rates are eventually slashed after a long hiatus. A Reuters poll predicted that the RBI is expected to cut rates in the Sept quarter. Notably, the banking regulator had raised the repo rates by a cumulative of 250 basis points …
However, in March 2024, some banks increased their fixed deposit rates. In the case of most banks, the current fixed deposit interest rates being offered are at a decadal high. So, are these the best interest rates on fixed deposits? And should you lock into these high fixed deposit rates? Let us discuss. Also Read: …
The Reserve Bank of India (RBI) is expected to cut the interest rates later this year, thus kicking off the rate cut cycle in the market. However, RBI in its Feb 2024 monetary policy meeting (MPC) kept the interest rates unchanged for the sixth time in a row. But this is expected to change as the banking …
If you don’t have a bank account, you’re not alone. Just under 6 million households in the US are considered unbanked, which means they don’t have a checking or a savings account, according to research from the FDIC. There are many reasons why a person might be unbanked, but a few common ones are a …
From 2016 onward, the Reserve Bank of India (RBI) has annually organized Financial Literacy Week (FLW) to improve the public’s understanding of financial concepts and products, enabling them to make well-informed decisions for their financial well-being. The chosen theme for the ‘Financial Literacy Week’, scheduled from February 26 to March 01, 2024, is “Initiate Wisely: …
This was revealed in a study titled ICICI Lombard’s report on emerging trends in health insurance with focus on taxation benefit. At the same time, individuals aged 26-45 make a greater set of investments, the report states. The preference for health insurance as a tax-saving option is on the rise in non-metro areas, emphasising its increasing appeal beyond …
Initiated on September 17, 2023, by the Ministry of Micro, Small and Medium Enterprises (MSME), this program is designed to benefit artisans and craftspeople involved in 18 designated trades, such as blacksmiths, potters, carpenters, weavers, and more. Objectives of the PM Vishwakarma Scheme The PM Vishwakarma Scheme encompasses various primary goals focused on providing support …