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What is Yono SBI app? And how it’s taking own place in digital banking? ― The wave of digital banking has made possible entire banking infrastructure fit into your Smartphone. From online e-commerce to taxi hailing services, to food delivery, even you can chat with your faraway friends on your mobile. Then,why should other banking services ― just as essential as any other services listed above, be left behind?. PSUs banks like SBI is also no longer lagging behind in this ...
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Reports indicates that inflow into equity mutual funds, which saw surge in investors throughout past couple of years, because of rising stock indices have dropped for the third consecutive month in Jan 2019. Equity funds inflow, including Tax saving- funds, stood in a two year low of Rs.6158 crores in Jan. While volatility along with the constant dip in indices might be unnerving for the ordinary investors, stopping the systematic investment plan in a knee jerk reaction isn't the best ...
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Within the next month or so, salaried employees will be asked for Tax proof of investments. In case you haven't made any investment however, there's still some time left on your bucket. It's much better to act ahead of this deadline as one tends to make mistakes when undertaking tasks in a rush at the very last moment. Here are the Do's and Don'ts we should watch while making your tax saving investments this season. Don’t switch funds every year ...
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Perhaps one of the most daunting facts about deciding to retire early is saving up enough for the future. A lot of people tend to delay the age at which they would like to retire primarily because they are unsure of their capability to build a sustainable nest egg.   Starting early is essential to realizing the dream of an early retirement. The most obvious choice for most people who plan on retiring early is to invest a significant sum ...
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Before election that is approximate 100 days away, Interim Budget 2019 was anticipated to have a please- all package has lived up to expectations. After offering big sops to farmers and the poor, Finance minister Mr Piyush Goyal who has been given the charge of the finance ministry, has in store some key goodies for the middle-class tax payers. One of the big steps among the other measures has been suggested in the Budget 2019, Interim finance minister Piyush Goyal ...
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Investors think of the Public Provident Fund as an old, reliable and assured return option. It is an illusion as you are losing out on a large chunk of money which could be made if you invested through Equity (nearly 21 lakhs). Let us explain how: If you have been investing in PPF and plan to continue investing Rs 1.5 lakh annually for 15 years (because PPF investments have a lock-in of 15 years), you will garner Rs 43.98 lakhs, ...
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Imagine a game of football with a slight twist - it’s a Manchester United versus Chelsea. There’s a van persie and Rooney and Terry. But there are no goalposts. What would happen? The players would dribble and pass- but not know what to do after that. They wouldn’t know in which direction to kick the ball. The defenders would have nothing to defend. And while Rooney would probably still swerve that free kick, he would have no longer target to ...
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In India, inflow of domestic investors money in equity (Mutual Fund) has been increasing significantly over the past few decades. For those still in woods, a mutual fund is a professionally managed investment scheme run by an asset management firm that accumulates people's money and invest them in stocks, bonds and other securities. You can start investing a little as much as with Rs 500 from a mutual fund, a simple Google search would through up numerous  large cap equity fund ...
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As Robert G. Allen rightly said: "How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case." Investing is all about making Money, and that’s pretty tough to do if you are scared to get out of the safe path. The bottom line is that- If you are trying to make money, then you can’t afford to keep all your funds in saving accounts that are hardly earning interest (Merely 3.5-4%) To ...
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Survey after survey reveals the worrisome state of retirement savings in the India. 24 Aug 2017, RBI survey revealed that,77% of Indian households either do not expect to retire, or have not actively planned for retirement, Interestingly, despite the large share of real estate in household wealth, only very few households expect to benefit from this part of accumulated wealth to finance expenses in old age. Instead, most households (more than 50% of the population) expect to rely heavily on ...
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