Saving Schemes

Risk And  Safety NPS is somewhat risky because it is market-linked, but because the PFRDA tightly regulates it, there is almost no chance of fraud. PPF offers nearly risk-free returns because it is fully supported by the government. Returns When it comes to returns of NPS vs PPF, PPF .....

With EPS, if you do not complete 10 years of service, you can withdraw your funds using Form 10C. The amount you get depends upon the years worked. You get your last drawn pay multiplied by a factor that is higher for a greater number of years worked. Completing 10 years offers a superannuation pens.....

The following table shows everything that would help you more in sorting out where to invest PPF vs NPS vs ELSS vs ULIP   PPF NPS ELSS ULIP Tenor 15 years Until 60 years of age 3 years 5 years Minimum Investment ₹500 Tier 1: ₹1,000 Tier 2: ₹1,000 ₹500  .....

When comparing NPS vs APY, it’s important to consider your risk tolerance, investment strategy, and returns. NPS may offer higher returns due to its link with market performance. Strong markets can lead to higher-than-average returns and a larger retirement corpus. However, weak markets can also imp.....

Structurally, there is very little difference between the National Pension Scheme for government employees and individuals. However, you will find several key distinctions when you pay attention to the rules and operations. This includes the eligibility criteria, registration, contribution process a.....

This form has to be completed by authorised signatories at the Pay and Accounts Office (PAO). One of the crucial responsibilities of PAO is to maintain records of NPS contributions. The Annexure S6 is attested by an authorised signatory and contains all the information pertaining to new PRAN registr.....

The following table highlights the some of the major differences between savings and current account: Particulars Savings Account  Current Account Objective To promote and encourage long-term savings  To help make all day-to-day transactions much easier Beneficial For  People.....

Both investment avenues differ in terms of risk, expenses, and more. Here are the things to take into account: Expenses Investment in Gold ETFs attracts asset management fees. This may range between 0.2% and 0.5% of the invested amount. Since no Asset Management Company (AMC) manages SGBs, t.....

Investing in SGBs is a smart option as it offers many benefits.    SGBs are an ideal alternative to buying physical gold, as there is no risk of theft Unlike physical gold, the storage of these bonds is hassle-free and safe You can either hold these bonds in their physical form as cert.....

The Indian Government has introduced SGBs to help people invest in gold easily and cost-effectively. As such, you can enjoy tax benefits on SGBs. As the bond has a maturity period of 8 years, the capital gains after the bond redemption on maturity are not taxable.   On the contrary, premature re.....

The tenor of the Sovereign Gold Bond scheme is eight years. However, you can redeem or encash the bond after the fifth year from the issuance date on the dates of your coupon payments. Upon Maturity You will be notified a month prior to the date of maturity. On maturity, the SGB will be rede.....

The Government of India designed Sovereign Gold Bonds to encourage gold investment. Since SGBs also offer tax benefits upon maturity, individuals who invest in them generally do so for the long term. This is also evident from the low volume of SGBs traded in the stock market.   SGBs are a great wa.....

Digital gold as a means of investment is offered by various banks and fintech platforms and is a great alternative to investing money in gold coins or bars. If you are still investing in gold bars or coins, you miss out on a great opportunity to make more profit.   Gold bonds let you profit from.....

When investing in an SGB, you will own the gold in the electronic form. This can be traded on the stock market. You can consider investing in these bonds if: You want to diversify your portfolio with gold investments You are looking for a low-risk investment avenue that comes with assured retu.....

Gold has always been seen as one of the best investment avenues in India. Some buy gold believing it will bring good luck and fortune, while others buy it during festivals and special occasions and pass it on as an heirloom. However, buying gold in the form of bars or coins has some limitations.   .....

Here are some benefits and drawbacks of investing in SGBs you must be aware of:  Pros  Fixed Interest Income: Investors earn a fixed interest rate of 2.5% p.a., paid semi-annually Tax Benefits: No capital gains tax is imposed if the bond is held until maturity (8 years); indexation benefits a.....

Consider convenience and liquidity before going ahead with your investment. Outlined below are a few things to take into account: Cost   The making charges associated with physical gold adds to the cost. You could purchase SGBs close to the current market price of gold. Safety  SGBs .....

Eligibility of Sukanya Samriddhi Yojana The girl child should be less than 10 years of age at the time of opening the SSY account. The account remains operational until she reaches the age of 21 years. Minimum investment needed to keep the account active is Rs. 250 per year. The maximum .....

The Post Office MIS is generally considered by individuals who are looking for a fixed and regular monthly income.   Also, conservative investors who prioritise capital preservation and are looking for a low-risk investment option may find Post Office MIS attractive due to its government-backed na.....