Author: Naresh Saini

For many investors, the safety and security of their money matter more than chasing high returns. Some people prefer to avoid the risks associated with stock markets and are satisfied with returns that can beat inflation. If you belong to this category, there are plenty of safe and government-backed investment options available that offer stable returns without much risk. Let’s take a closer look at some of these reliable options, including government schemes, bank deposits, and bonds. Bank Fixed Deposits (FD): A Traditional Safe Haven Bank Fixed Deposits (FDs) are one of the most trusted and oldest investment options in…

Choosing the right health insurance policy isn’t just about picking the first plan that comes your way. The right coverage amount depends on several factors, including your health, age, financial situation, and even family medical history. If you don’t have enough coverage, a medical emergency can turn into a financial crisis. On the other hand, paying for more coverage than you need might feel like a burden on your wallet. So, how do you decide how much health insurance coverage you need? Before making any decisions, ask yourself these five important questions to help guide you toward the right policy.…

In urgent situations, when you need to travel abroad and cannot wait for a regular passport process, the Ministry of External Affairs offers the Tatkal Passport service. This service is designed for those who need a passport quickly, but it comes with a higher fee. However, having the right documents ready is critical for a smooth and successful application. If you’re applying for a Tatkal Passport, it’s important to ensure you’ve gathered all necessary paperwork beforehand to avoid delays. Here’s a detailed guide to help you understand which documents are needed to apply for a Tatkal Passport, along with a…

Investing wisely is crucial for everyone, whether you’re in a job or running a business. While most people are familiar with the Systematic Investment Plan (SIP), not everyone understands the advantages of a lesser-known, yet powerful tool—Systematic Withdrawal Plan (SWP). SWP is an investment method that allows you to withdraw money regularly from your mutual fund investments, making it a perfect solution for those looking to secure a steady income stream, especially during retirement. In this article, we’ll dive deep into the workings of both SIP and SWP, compare them, and explore how SWP could be a better option for…

If you’re a working professional in India, chances are you have an Employees’ Provident Fund (EPF) account. The EPF scheme is a great way to save for retirement, with both you and your employer contributing 12% of your basic salary each month. But did you know that there are specific rules for withdrawing funds, especially in emergencies or before retirement? Let’s break down the latest EPF withdrawal rules to help you access your savings without confusion. Early Withdrawals Before Retirement EPFO has made provisions for members to withdraw a portion of their EPF funds before retirement in specific situations. You…

China has recently taken a significant step to combat the growing pressures of its aging population by raising the retirement age. Starting next year, the retirement age for men will increase from 60 to 63, and for female employees, it will rise from 55 to 58. This move comes as China grapples with an aging demographic that threatens to overwhelm the country’s pension system and economy. China’s Aging Population: A Growing Concern The country’s population aged 60 and above has already reached 300 million, and experts predict that this number will surpass 400 million by 2035. By 2050, the elderly…

Car insurance is essential for every vehicle owner, but having a policy alone doesn’t guarantee that your claim will be accepted. Many times, insurance companies deny claims, leaving customers to bear the repair costs from their own pockets. This can be both financially and emotionally distressing. To help you avoid such situations, here’s a look at some common reasons why car insurance claims get rejected and how add-on covers can make a huge difference. 1. No Tire Protection Add-on One of the most common add-ons people overlook is tire protection. Many believe their basic car insurance covers everything, but that’s…

The National Pension Scheme (NPS) Vatsalya was launched to help parents secure their children’s future financially. It offers an early start in investing in pension funds for children, encouraging financial discipline from a young age. On the surface, this sounds like a great way to prepare for important milestones like higher education or marriage. But is this scheme truly suitable for covering large expenses in the future? Experts have raised concerns about several aspects of the NPS Vatsalya scheme. Let’s explore these issues in detail to help you decide if it’s the right investment choice for your child’s needs. 1.…

The Indian government has launched the PM Surya Ghar Free Electricity Scheme to encourage households to generate their electricity through solar energy. Announced in February 2024, this scheme aims to promote solar rooftop systems and reduce the dependence on traditional power sources. With a budget of Rs. 75,021 crore, the program is expected to run until the financial year 2026-27, offering significant benefits to the common citizen. Key Features of PM Surya Ghar Free Electricity Scheme The scheme is designed to help families save on electricity bills by installing solar panels on their rooftops. Under this plan, the government is…

Investing in shares through a Systematic Investment Plan (SIP) is gaining popularity among investors who wish to minimize risks and maximize gains. SIPs have long been associated with mutual funds, but many brokerage firms now offer SIPs for stock investments. With this method, you can steadily invest in shares over time, reducing the impact of market volatility. Let’s take a closer look at how you can begin investing in shares via SIP through a Demat account. This guide breaks down the steps in a simple way, suitable for beginners. Step 1: Open a Demat Account with a Brokerage To start…