Everyone who works in an organization knows very well about the Employee Provident Fund (EPF). 12% of the monthly basic salary and dearness allowance is automatically deducted towards EPF from the employee’s salary. The same amount is contributed towards EPF by the employer. There’re few people who don’t know that a monthly deduction of 1250…
Suppose you’re given an option between FD, Debt Funds, PPF or VPF for your retirement. What would you choose from amongst the above-mentioned investment options? I have seen the majority of the people asking for safe investments with good returns. Nevertheless, they still don’t consider VPF in their portfolio. Now, before moving any further, let…
Post Office Monthly Income Scheme (POMIS) is a government-backed small savings monthly income scheme. In POMIS, you deposit a lump sum amount in the post office for which you get a regular monthly income. The income you receive comes from the interest generated through the investments. The scheme is only meant for Indian Residents. NRI’s…
Trust me, there is no such thing as “best investment options for Senior Citizens in India in 2021”. Let’s take an example of 2 Senior Citizen friends who have the same amount of corpus in their retirement kitty. The retirement corpus is around 1.4 Crores. Let us name them as Mr. Ram and Mr. Sham…