SBI Pension Seva Portal: Access Pension Info & Submit Life Certs Effortlessly Online: एसबीआई पेंशन सेवा पोर्टल: जानिए क्या है ये स्कीम और कैसे करवाएं रजिस्ट्रेशन
State Bank of India (SBI), a leading bank in India, has launched the SBI Pension Seva Portal, dedicated to serving approximately 54 lakh pensioners across the country. This initiative aims to provide a hassle-free and convenient online platform for pensioners to access crucial information and services related to their pensions. In this article, we will […]
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Navigating Income Tax Returns 2024: A Guide to Transitioning Between the New and Old Tax Regimes
In the Union Budget for the fiscal year 2023-24, Finance Minister Nirmala Sitharaman unveiled a significant shift in the personal income tax landscape by defaulting to the new tax regime. Initiated in 2020, this regime becomes applicable if a taxpayer fails to express their preference with their employer, resulting in the automatic deduction of taxes […]
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Maximizing Deposit Returns: Unlocking the Potential of FD Laddering
Bank fixed deposits (FDs) have long been a popular choice for those seeking steady and secure returns on their investments. While FDs offer safety and liquidity, early withdrawals can result in penalties. To navigate this challenge, the Bank FD laddering strategy emerges as a helpful solution. This article provides a concise overview of FD laddering, […]
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Step-by-Step Guide: Calculating Income Tax on Your Salary
Understanding how to calculate income tax in India, particularly for salaried employees, may initially seem daunting. However, gaining clarity on this process is crucial for effective personal financial management and compliance with tax regulations. This article breaks down the steps involved, simplifying the complexities associated with income tax calculation. Step-By-Step Guide To Calculate Income Tax […]
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Calculating Your Fixed Deposit Returns: A Step-by-Step Guide
Fixed Deposits are highly sought-after investment options in India, often recommended by seasoned investors who advise allocating a substantial 30-40% of funds towards FDs. Renowned for their safety and assured returns through fixed interest rates, FDs provide a secure avenue for capital growth. Investors can tailor their FD strategy based on individual goals, choosing between […]
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Securing Your PPF Account: A Guide to Avoiding Penalties with Public Provident Fund
The Public Provident Fund (PPF) is widely recognized as one of the most favored investment schemes, backed by the government and offering attractive interest rates and tax benefits. However, adherence to specific norms is crucial for maintaining a PPF account and avoiding penalties. Here are some valuable tips on steering clear of penalties on your […]
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EPFO Introduces Frequently Asked Questions (FAQs) Regarding Implementation of Enhanced Pension Benefits
The Employees’ Provident Fund Organisation (EPFO) recently issued a set of Frequently Asked Questions (FAQs) addressing concerns regarding higher pensions linked to actual salaries. In a circular to its field officers, the EPFO clarified that the pensionable formula for those choosing a higher pension would be determined according to para 12 of the Employees’ Pension […]
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Step-by-Step Guide: Checking Your Credit Score with PAN Card
Understanding your credit score is a critical aspect of managing your financial well-being, impacting your ability to secure loans, credit cards, and the interest rates you may be offered. This comprehensive guide will take you through the process of checking your credit score using your PAN card. Step 1: Ensure Availability of PAN Card Before […]
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Securing a Rs 2 Crore Corpus Before Retirement with Mutual Fund SIPs: A Step-by-Step Guide
The foundational principle of wealth creation centers on the concept that “money should work for you, not the other way around,” emphasizing the importance of acquiring assets over liabilities. Systematic Investment Plans (SIPs) epitomize this philosophy, providing a secure and user-friendly entry point for investors. The core idea is to reinvest earnings over time, with […]
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Retirement Investment Choices: Strategies for Seniors
Mutual funds also offer various retirement plan alternatives, with one of the favored choices being the Hybrid Aggressive Retirement Fund. In my previous column, I emphasized the critical necessity for retirees to avoid the potential predicament of outlasting their financial resources, often referred to as the Chinese Curse. Now, let’s explore some viable options accessible […]
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