Retirement plan
Atal Pension Yojana Tax Benefits
The Atal Pension Yojana (APY), formerly known as Swavalamban Yojana, is a social security pension scheme offered by the Government of India. The objective of APY is to bring workers in the unorganised sector under the umbrella of a government-backed pension scheme. The government introduced the Atal Pension Yojana in the 2015-16 Budget session in ... Atal Pension Yojana Tax Benefits
- Anshul Gupta
- 21 October 2022 • 4 min read
Deferred Annuity: Meaning, Types, Benefits and How it Works
A deferred annuity plan allows the insured to accumulate a significant amount of money as an annuity in exchange for a one-time or recurring payment. Such plans aid in saving money for retirement by creating a stable source of income. It is a popular long-term savings plan which provides guaranteed earnings, especially for senior citizens. ... Deferred Annuity: Meaning, Types, Benefits and How it Works
- Anshul Gupta
- 19 October 2022 • 9 min read
Annuity Plans: Definition, Types, and Tax Treatment
Annuity plans present a unique opportunity for individuals to have a steady source of income throughout their life. This aids in future financial planning as you can store a large amount of cash and defer paying taxes until later. In essence, annuity plans are designed to protect you from outliving your income. Most people consider ... Annuity Plans: Definition, Types, and Tax Treatment
- Anshul Gupta
- 19 October 2022 • 7 min read
How to Open a PPF Account? All You Need to Know
PPF or Public Provident Fund is a long-term investment scheme by the central government that allows you to save for your retirement. It is a fixed return scheme – the returns are not market-linked and are fixed by the government. The interest rate on PPF is usually slightly higher than what bank FDs offer. Moreover, ... How to Open a PPF Account? All You Need to Know
- Anshul Gupta
- 19 October 2022 • 6 min read
PPF Interest Rate: Current Rate, History, and How to Calculate
A Public Provident Fund (PPF) is considered as a dependable long-term investment option. Investment in PPF is backed by the Government of India with assured returns. Further, PPF offers a comparatively higher interest rate than a fixed deposit with interest being compounded annually. The minimum tenure of PPF is 15 years with an option to ... PPF Interest Rate: Current Rate, History, and How to Calculate
- Anshul Gupta
- 19 October 2022 • 7 min read
What are the Benefits of Public Provident Fund (PPF)?
The government of India introduced the Public Provident Fund (PPF) in 1968 to encourage small savings as a viable investment form and generate guaranteed returns. As an Indian citizen, you can leverage a PPF account as a savings and tax savings instrument for long-term wealth creation. It can be your retirement fund as well. Moreover, ... What are the Benefits of Public Provident Fund (PPF)?
- Nishant Prasad
- 19 October 2022 • 9 min read
Different Types of Retirement Plans in India
Retirement plans are beneficial investment schemes that financially secure a beneficiary’s life after retirement. Despite inflation, these plans can help the beneficiaries maintain their standard of living and grow financially in the long-term. There are different retirement plans available in India that are based on annuity, insurance, and government schemes. Hence, one can choose a ... Different Types of Retirement Plans in India
- Anshul Gupta
- 17 October 2022 • 9 min read
Senior Citizen Saving Scheme (SCSS) 2023: Interest Rates, Eligibility, Benefits
In retirement, most people desire a stable income with minimal risk to the principal amount since they do not have any active earnings and depend on their earned corpus. To address the financial needs of senior citizens in the country, the Government of India launched a saving scheme for senior citizens known as SCSS (Senior ... Senior Citizen Saving Scheme (SCSS) 2023: Interest Rates, Eligibility, Benefits
- Anshul Gupta
- 15 October 2022 • 13 min read
Public Provident Fund or PPF: Meaning, Features, and Benefits
The term “provident” stands for timely preparation for the future. True to its name, the Public Provident Fund, or PPF, is suitable for anyone who wants to build a retirement corpus taking minimal risks with the principal invested. It can help you to get into the habit of investing and can teach financial discipline through ... Public Provident Fund or PPF: Meaning, Features, and Benefits
- Jatin Pareek
- 15 October 2022 • 9 min read
How to Take a Loan Against PF
What is a Loan Against PF? Everyone faces a time when they will require funds to deal with an emergency. But apart from borrowing it from a bank, one can also take a loan against one’s PF. There is a provision for partial withdrawals during the PF tenure to assist employees in financially challenging times. ... How to Take a Loan Against PF
- Anshul Gupta
- 14 October 2022 • 7 min read
