Author: Naresh Saini

When someone in the family dies, handling their finances and legal documents becomes a big responsibility. Among those, cancelling the PAN card of the deceased person is very important. If not done, it can lead to misuse or fraud in the name of the person who has passed away. The PAN (Permanent Account Number) is a key identity document used for tax purposes in India. If it remains active after a person’s death, it may be wrongly used for illegal financial activities. That is why the Income Tax Department has given a straightforward process for PAN card cancellation in such…

Every parent dreams of seeing their child study at a good college in India or abroad. However, education costs are rising yearly, and managing such a significant expense without proper planning is difficult. Just saving money is not enough anymore. Parents must plan early, choose the right investments, and prepare for all possible costs. Many things can affect your budget, from tuition fees and travel to foreign exchange and living costs. But with thoughtful planning and timely action, you can ensure your child doesn’t miss any opportunity due to a shortage of funds. Here’s a step-by-step approach to plan financially…

Cancer is a serious illness that can occur in your life at any situation. You cannot predict at which moment you will get to listen to the bad news that you are suffering from the worst disease: cancer. Hence, it is always advised to prepare and buy the best cancer insurance plan early to face any situation like this. Earlier, there was no solution for fighting cancer before you are going to discovered with you have it. But nowadays, one can fight cancer before they have this news in their hand in terms of the report. But we cannot go…

Many salaried employees in India have a Provident Fund (PF) account, where employees and employers contribute monthly. These savings become a helpful fund for emergencies, but many are still confused about how and when to withdraw money while still working. The Employees’ Provident Fund Organisation (EPFO) clearly defines PF withdrawal rules and conditions. Let’s break it down into simple language so you understand when and how much you can take from your PF account. ✅ PF Advance Withdrawal for Marriage You can withdraw money from your PF account for marriage purposes — your own, sibling’s, or child’s. But there are…

Many young people in India now dream of retiring early — some even before 55. But retirement planning is not easy. Questions like “How much money will I need?”, “How long will it last?” and “What if expenses rise?” can confuse anyone. That’s where the 4% rule comes in — a simple method to figure out how much you must save before you stop working. This method is popular in financial planning circles across the world. However, experts say that unquestioningly trusting this rule can create problems later. So, let’s break it down, understand how it works, and what you…

Many dream of financial freedom before the traditional retirement age of 58 or 60. With thoughtful financial planning, this dream is achievable in today’s world. One such way is using a Systematic Withdrawal Plan (SWP) through mutual funds. It’s a simple and powerful tool for monthly income, especially after building a strong investment base over the long term. Let’s understand how a Rs. 10 lakh investment today can help you build a fund big enough to get Rs. 1 lakh per month for 20 years. What is a SWP (Systematic Withdrawal Plan)? A Systematic Withdrawal Plan (SWP) is a method…

Planning for retirement is one of the most important financial steps in life. After working hard for years, everyone wants to live a peaceful and financially independent life in old age. For this, a stable monthly income is essential. In India, the Life Insurance Corporation of India (LIC) has been one of the most trusted names for pension and retirement plans. However, with multiple options available, many people get confused about which LIC retirement plan can give them a regular income of Rs. 1 lakh. In this article, we will explain everything and help you choose the best LIC retirement…

Many young professionals begin their careers excitedly but often ignore some essential paperwork. One such crucial matter is the Employees’ Provident Fund (EPF). As soon as you start your first job, you should handle EPF-related tasks without any delay. This ensures smooth salary deductions and future withdrawals. Here is a complete and straightforward guide to help you understand what to do with your EPF account after joining your first job. Check If Your Company Offers EPF When you start working, check with your HR if your employer comes under EPFO rules. Fill out Form 11 Carefully Your HR will ask…

India is moving fast to become a global startup hub. Big cities like Bengaluru and Mumbai have earned places among the top 50 startup cities in the world, according to PitchBook’s Global Venture Capital Ecosystem Ranking 2024. In March 2024, Prime Minister Narendra Modi also said at the Startup Mahakumbh that India now has the third-largest startup ecosystem in the world. But starting a business needs more than an idea, funds. Most young entrepreneurs struggle to arrange money to take their ideas to the next level. To solve this problem, the Government of India has launched several easy loan schemes,…

Employees’ Provident Fund Organisation (EPFO) had declared an 8.25% interest rate for the financial year 2024-25 in February 2024. However, many EPF account holders still haven’t seen the interest added to their passbooks. Because of this delay, people are asking — will they lose any interest? Will next year’s compound interest be lower because of this? Will You Get Less Interest Due to a Delay in Credit? Let’s understand this with a simple example. If a bank gives you interest on time, then next year, you earn more interest on that total amount. This is called compound interest. If the…