Tag: financial planning
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New Gratuity Rules 2025: Major Changes That Will Impact Millions of Workers – Complete Guide
The Indian government has implemented significant amendments to the Payment of Gratuity Act, 1972, effective in 2025. These changes will impact millions of salaried workers across the country, particularly those in non-traditional employment arrangements. The revised rules introduce stricter eligibility criteria and clearer definitions that could exclude several categories of workers from receiving gratuity benefits.…
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ULIPs vs. Mutual Funds: Which Are Best for Government Employees?
Choosing the right investment vehicle is crucial for securing your financial future. When it comes to ULIPs (Unit Linked Insurance Plans) and mutual funds, the decision can significantly impact your wealth creation and insurance coverage. Understanding ULIPs and Mutual Funds ULIPs (Unit Linked Insurance Plans): ULIPs combine life insurance and investment. A portion of the…
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A Mutual Fund Guide for Working professionals.
What Are Mutual Funds? Mutual funds are investment vehicles that pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities. Each investor buys shares of the fund, and the money is managed by professional fund managers who make investment decisions on behalf of the investors. Key Terminology Types of…
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Turning Your Retirement Benefits into Monthly Pension with SWP: A Guide for Job Holders
Retirement is an exciting chapter of life, especially when it comes with a substantial payout from benefits like gratuity, provident fund, or other retirement perks. However, knowing how to convert this lump sum into a sustainable income stream can be challenging. A Systematic Withdrawal Plan (SWP) can be a great way to turn retirement benefits…
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Understanding the Public Provident Fund (PPF) and Its Calculator
The Public Provident Fund (PPF) is a long-term investment scheme established by the Government of India in 1968. Designed to encourage savings among the general public, the PPF offers individuals an opportunity to build a secure financial future through a government-backed savings instrument. Key Features of the PPF Scheme Benefits of the PPF PPF Calculator:…
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NPS for Government Employees: A Comprehensive Overview
The National Pension System (NPS) is a contributory pension scheme designed to provide retirement benefits to employees in India. Under this system, contributions from subscribers, along with matching contributions from the government as the employer, are collected and accumulated in individual pension accounts. Key Features of NPS for Government Employees NPS employs a structured approach…
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A Complete Guide to the National Pension System (NPS)
The National Pension System (NPS) is a government-backed retirement savings scheme in India designed to provide individuals with a secure financial future. This guide covers everything you need to know about NPS, from its features and benefits to investment options and grievance redressal mechanisms. What is NPS? The NPS is a voluntary, defined contribution retirement…