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EPF Eligibility: Who Qualifies and How It Works
25 April 2025 | 5 mins read
In India, both government and non-government bodies offer various retirement schemes to help individuals build a secure retirement fund. One such government-backed scheme is the Employees’ Provident Fund, commonly known as EPF. Managed by the Employees’ Provident Fund Organisation (EPFO), EPF is a fixed-income savings scheme designed primarily for salaried individuals. This article will explore EPF, including its eligibility criteria and withdrawal process.
Loan Against Credit Card: How It Works & Things to Consider
24 April 2025 | 6 mins read
A loan against a credit card is a quick and convenient way to access funds during financial emergencies. Unlike traditional personal loans, which require paperwork and a waiting period, a loan against a credit card offers instant approval and disbursement. If you have a high credit limit and a good repayment history, you can leverage your available credit to secure a loan without additional collateral. This type of loan is particularly useful for individuals who need urgent cash for medical expenses, home repairs, or even travel. However, it’s essential to understand how it works, the interest rates involved, and the potential risks before applying.
How to Transfer Money from Your Credit Card to a Bank Account
24 April 2025 | 7 mins read
In today’s fast-paced financial world, the ability to transfer money from a credit card to a bank account can be incredibly useful. Whether you need urgent cash for an emergency or want to consolidate debts, understanding how to transfer money from a credit card to a bank account can help you make savvy financial decisions. However, it’s essential to weigh the costs and risks involved before proceeding.
Credit Card vs. Debit Card: Understanding the Key Differences
24 April 2025 | 7 mins read
In today's digital world, plastic money has become an essential part of financial transactions. Whether you’re shopping online, paying bills, or dining out, credit and debit cards offer convenience and security. However, understanding the difference between a credit card and a debit card is crucial to making informed financial decisions. While both facilitate cashless transactions, their workings, benefits, and potential risks differ significantly. Let’s break down the key distinctions to help you choose wisely.
Fixed vs. Floating Interest Rates: Which Is Better?
24 April 2025 | 6 mins read
The interest rate you qualify for on a loan directly impacts how much you repay. However, your borrowing experience is shaped not just by the value of the interest rate itself but also by the type of interest applied. There are two main types - floating and fixed interest rates. Understanding the difference between them can help you choose the one that best suits your needs.
Fixed Deposit vs Recurring Deposit: Which is Better for You?
7 April 2025 | 4 mins read
When it comes to secure investment options, Fixed Deposits (FDs) and Recurring Deposits (RDs) are two of the most popular choices. Both offer stable returns with minimal risk, making them ideal for individuals looking to grow their savings systematically. However, understanding the difference between FD & RD is crucial for choosing the right option based on your financial goals. This guide will help you decide whether FD or RD is better for you.
Difference Between EPF and PPF: Which One Is Better?
24 March 2025 | 5 mins read
Savings are the cornerstone of financial stability, and the Indian government offers several schemes to encourage individuals to build a secure future. Among these are the Employees’ Provident Fund (EPF) and Public Provident Fund (PPF)—both popular choices but designed with distinct features and benefits. Understanding the difference between EPF and PPF is crucial to making an informed financial decision. This article explores the key aspects of EPF vs PPF to help you determine which option suits you better.
5 Investment Options in India for Retirement Planning
13 March 2025 | 6 mins read
Planning for retirement is not just about saving money. It's about securing your future and ensuring you maintain financial independence in your golden years. Your plans could include traveling the world, spending quality time with family, or simply enjoying a peaceful life, taking care of medical expenses and other exigencies. The right retirement plan can help you achieve these goals. Let's explore why retirement financial planning is essential and delve into the top retirement investment options in India.
Five retirement planning tips for a secure retired life
13 March 2025 | 6 mins read
Financial planning for retirement helps you be independent in your golden years. It can ensure you have an adequate pool of funds to draw from and that you are not left without financial support in your old age. There are several ways to plan for your retirement. You can use equity investments, debt options, pension plans, and more. This article can help you understand the best ways to plan for your retirement.
NPS vs. PPF: Which is the Better Investment Option?
13 March 2025 | 5 mins read
When it comes to securing your financial future, the National Pension Scheme (NPS) and Public Provident Fund (PPF) stand out as two of the most popular investment options in India. Both schemes are government-backed and cater to long-term financial goals. However, they differ significantly in purpose, features, and benefits. Let’s delve into each scheme to help you decide between NPS vs. PPF and choose the option that aligns with your financial aspirations to secure your financial future. This article will help you understand the key differences between NPS and PPF.
Savings vs Investment – Understanding the Differences to Grow Your Wealth
13 March 2025 | 6 mins read
Savings and investment are two terms that are often used together when it comes to financial planning. In fact, many people use these terms synonymously. They are so closely linked that they might seem like two peas in a pod. But they play completely different roles in your financial plan. So, what is the difference between saving and investment? Let’s break it down for you.
Savings account 101: Meaning, features, benefits and more
4 April 2025 | 6 mins read
Saving money is a habit that can help you achieve financial independence. It allows you to meet both present and future needs while preparing for unexpected financial emergencies, such as medical expenses or home and car repairs. However, how you save your money is important. Storing cash at home not only puts it at risk of theft but also causes its value to shrink over time due to inflation. This is why opening a savings account is a good idea. A savings account offers a simple, secure, and easily accessible way to save and grow your money. Let’s explore the benefits of a savings account and how it works.
7 Effective Ways to Improve Your CIBIL Score
13 March 2025 | 6 mins read
Today, banks and Non-Banking Financial Companies (NBFCs) offer loans at competitive interest rates with minimal hassle. With online applications, you can complete the process in just a few clicks, and the approved amount is typically credited to your account within days. However, there is one key factor that can make or break your loan approval - your CIBIL score. It is a three-digit numeric that reflects your credit history. If your score is not up to par, you may face challenges such as rejection or higher interest rates.
How to Build an Emergency Fund?- Steps, Benefits & More
12 March 2025 | 5 mins read
It is said that a picture speaks a thousand words, but a number can save a thousand lives. Numbers like 100, 101, 102, 108, 112, and 1,091 aren’t just digits. They become lifelines for Indians in times of need. Whether it is a medical emergency or a security threat, the nation has active helplines to provide immediate assistance. However, taking measures for emergencies should not stop at the national level. It is equally important to be emergency-ready with your personal finances. One of the most crucial tools for this is an emergency fund. This article will delve into the meaning, importance and steps to systematically build an emergency fund.
What is Risk Profiling and Its Importance in Financial Planning?
4 March 2025 | 5 mins read
Investing without understanding your investment risk profile is like driving without knowing your destination. Every investor has a different capacity to handle risk, making risk profiling a critical step in financial planning. It helps in aligning investments with your risk appetite, ensuring better financial stability and goal achievement.