- The Basics of Fixed Deposits (FD)
A Fixed Deposit (FD), also known as a term deposit or time deposit, is a low-risk financial instrument offered by banks, post offices, or NBFCs (Non-Banking Financial Companies). It allows you to earn a fixed interest r…
Topic: India Money Advice | Read more
- ????????? RD????? 5????????????
(RD) ,
RD
:
100
?10
:
: 5
: 5.8% ()
:
10
:
?-
5
| (?) | 5 (?) | 10 (?) |
|---------------------…
Topic: India Money Advice | Read more
- Handbook on Travel Insurance
1. Travel Insurance Overview
Scope of Coverage:
- Medical Expenses: Cashless or reimbursed treatments.
- Personal Accident: Compensation for injuries or death.
- Baggage Protection: Coverage for loss, delay, o…
Topic: India Money Advice | Read more
- Saving For Your Elder Sister's Marriage
Key Points to Consider:
Focus on Financial Independence:
- Encourage your sister to become financially self-sufficient through education, skill-building, or job opportunities.
- Financial independence offers long-…
Topic: India Money Advice | Read more
- Term Life Insurance In India
Key Points:
Lack of Term Plan Promotion:
- Websites like "Sabse Pehle Life Insurance" do not prominently advertise term life insurance. It's often hidden in glossaries.
- IRDAI’s regulatory efforts have yet to mak…
Topic: India Money Advice | Read more
- Tips and Insights for Buying Residential Property Solely for Rental Income:
Key Considerations Before Buying:
Understand the Local Real Estate Market:
- Research rental demand, average yields, and property appreciation trends in your target area.
- Properties in gated communities with am…
Topic: India Money Advice | Read more
- Understanding the EPF Passbook Structure
Here’s a breakdown of the terms and calculations related to your EPF (Employee Provident Fund) passbook:
Key Columns in the Passbook
EPF Wages:
- The monthly base salary considered for EPF contributions.
- Typica…
Topic: India Money Advice | Read more
- Calculating Real Estate (Self-Use) Investment Return: Myths and Reality?
Your calculations on whether buying a house is better than renting are thoughtful, but there are some nuances and potential issues. Let’s break this down and address key factors in detail.
Summing it up from the Origin…
Topic: India Money Advice | Read more
- Are Guaranteed Income Schemes Worth It?
Guaranteed Income Schemes like Tata AIG’s Fortune Guarantee Plus are often marketed as safe, predictable financial products. However, these schemes often fail to deliver when evaluated against alternatives. Here’s a brea…
Topic: India Money Advice | Read more
- Negotiating The Price Of An Apartment With A Builder
Negotiating the price of an apartment with a builder is an art that requires preparation, strategy, and a good mix of emotional intelligence and assertiveness. Here are some practical tips shared by experienced buyers t…
Topic: India Money Advice | Read more
- The 4% rule
The 4% rule, popularized in Western markets, is a guideline for determining how much one can withdraw annually from their retirement savings to ensure the money lasts for 30 years. However, translating this rule to the …
Topic: India Money Advice | Read more
- Types of Joint Accounts in India
What is a Joint Account?
A Joint Account is a bank account shared by two or more individuals, such as family members or business partners. All holders have equal access to funds and can manage transactions collaborativ…
Topic: India Money Advice | Read more
- Savings Account vs Current Account: Differences and Benefits
What is a Savings Account?
A Savings Account is a type of bank account meant for individuals to save money and earn interest.
- Purpose: Promotes savings for personal use.
- Features:
- Interest rates range from 4% t…
Topic: India Money Advice | Read more
- The Best Debit Cards in India?
This guide outlines the 22 best debit cards in India for 2023, their features, benefits, and factors to consider when choosing the right one for your needs.
What is a Debit Card?
A debit card allows you to access money…
Topic: India Money Advice | Read more
- How to Protect Yourself from Insurance Frauds
With the rise in insurance frauds, particularly in motor, health, and personal accident segments, it’s crucial to take precautions. Fraudsters often target unsuspecting customers with fake policies and promises of disco…
Topic: India Money Advice | Read more
- 21 Must-Know Financial Calculations
1. Compound Interest (CI)
Formula:
A = P * (1 + r/n)^(nt)
- A: Final amount
- P: Principal amount
- r: Annual interest rate
- n: Number of times interest is compounded annually
- t: Time in years
2. Post-Tax Return
F…
Topic: India Money Advice | Read more
- 6 Financial Formulas to Help You Succeed
1. Calculate Your Cash Flow
Formula:
Income – Expenses = Cash Flow
- Positive cash flow means you’re living within your means and can allocate excess funds to savings or investments.
- Negative cash flow signals overspe…
Topic: India Money Advice | Read more
- Personal Finance Ratios You Should Know
These financial ratios serve as essential tools to evaluate and improve your financial health. Use them to understand your liquidity, debt management, savings, and investment strategies.
1. Liquidity Ratio
Formula:
Liq…
Topic: India Money Advice | Read more
- Ideal Duration for Term Insurance: Factors to Consider
The primary purpose of term insurance is to provide financial security to your dependents in case of your untimely demise. The duration should align with the time your dependents would rely on your income. Here’s a brea…
Topic: India Money Advice | Read more
- Financial Tips and Hacks That Should Be Common Knowledge?
Here’s a collection of valuable financial advice and lesser-known hacks to help you manage and grow your money effectively:
1. Insurance-Related Tips
Convert Group Health Insurance:
When leaving a job, convert y…
Topic: India Money Advice | Read more
