Navigating the maze of personal finance
Rahul You need to link your Aadhaar number with your bank account in order to receive benefits from schemes such as the Direct Benefits Transfer (DBTL) in which the LPG cylinder subsidy amount is directly credited in the Aadhaar linked bank account. So how can you check your Aadhaar & bank account linking status? There are … Read more
In my previous blog, I have shared the details of the Atal Pension Yojana. I have created an excel based APY calculator which can help calculate the monthly contribution depending on the current age of the subscriber and the expected pension. You can download the APY calculator here.
In September 2016, the Reserve Bank of India (RBI) mandated that that effective January 1, 2017, all Credit Information Companies (CICs) shall provide access, upon request and after due authentication of the requester, to a free full credit report (FFCR) once in a calendar year to individuals whose credit history is available with the CIC. … Read more
During my research on personal finance I have come across many financial schemes which are not applicable to me. Atal Pension Yojna is one such scheme that addresses the needs of those with no social security and who fall under the low income group. The aim of this scheme is to help develop a social … Read more
There are numerous ways to keep a tab on the balance in your bank account. You can check it online, use the mobile app, visit the ATM or visit your branch. However there is simpler way to get your balance or mini-statement using your mobile phone. Called missed call banking, you need to give a … Read more
The Pradhan Mantri Jeevan Jyoti Bima Yogana (PMJJY) is a life insurance scheme that is a part of the prime minister’s social security scheme. Though I have paid the premiums twice now, I was not sure of the fine print and where I could download the insurance certificate for the Pradhan Mantri Jeevan Jyoti Bima … Read more
I have already talked about the growing importance of your Aadhaar number in the financial space. Recently the Labour ministry made Adhaar mandatory for all Employee’s Provident Fund Organization (EPFO) account holders. According to this order if you have an EPFO account, you will have to share your Aadhaar details with EPFO. In case you … Read more
While calculating my income tax for the year I knew the major sections under which I could reduce my liability. I thought of prodding further and was pleasantly surprised to find that there are a number of conditions under which deductions can be claimed. I am sharing with you a comprehensive list of income tax … Read more
As India has started its journey towards a cashlite/cashless economy, traveling down the road of demonetization we are finding newer apps and technologies rolled at an increasing pace. There are numerous options trying to meet the need of a diverse set of people differing in their access to internet, economic status, purchasing power (deciding use … Read more
What is NPS? NPS stands for National Pension System. A voluntary contribution scheme(Central Government employees who joined after 1 January 2004 need to compulsorily invest in NPS since they will no longer get defined benefit pensions on retirement) regulated by the PFRDA, it aims to provide retirement income to all Indian citizens that invest in … Read more