Savings and Investments

Benefits of Health insurance: Paying health insurance premium and getting preventive check-up done helps you save income tax, while also saving lakhs of rupees on the medical cost during hospitalisation

Recurring deposit (RD) accounts offer interest rates similar to those on fixed deposit (FD) accounts.

In NPS, subscribers can choose one of the two investment options: active choice and auto choice

Having fewer credit cards has as many advantages as are the disadvantages of keeping too many cards.

Money locked in the NPS can be withdrawn subject to certain limits. One can withdraw money for some specified purposes

An investor ought to cherry pick the financial asset based on the rate of return, risk involved, credit rating of the instrument, liquidity and other factors

Rate of interest on the personal loan starts from 10.99% but it can be as high as 24%

NPS withdrawal: The latest decision was taken at the board meeting of the PFRDA last week.

EPFO subscribers can now view their pension passbook via Umang app, EPFO said.

Employees' Provident Fund (EPF) is a mandatory contribution from salary of an individual that every firm with more than 20 employees has to deduct.

Pension Fund Regulatory and Development Authority (PFRDA) is the nodal authority to manage National Pension System (NPS) operations

Recurring deposits (RDs) require one to make regular deposit and earn interest income at an interest rate equivalent to that on fixed deposits (FDs).

Study the qualities of your investment, rate of returns, interest rates, tax benefits, and how liquid your investment will be.

Non-convertible debentures (NCDS) are corporate loans raised from the public via financial markets. They generally offer a higher rate of interest, against the fixed deposits, which are non-tradeable, unsecured and offer a lower rate of interest

For a period of one year on an FD less than Rs 1 crore, HDFC Bank now pays an interest rate of 6.85% as compared to 6.75% earlier.