Author: Naresh Saini

or residents of India, documents like the Aadhaar card, PAN card, voter ID, and driving license play a vital role in day-to-day life. Among these, Aadhaar stands out as the most commonly used document, with over 90% of the population owning one. While most people carry a physical Aadhaar card, not everyone is aware of e-Aadhaar, a digital version of the card that offers added convenience and security. This article explores what e-Aadhaar is, how it differs from the physical card, its validity, and the simple steps to download it. What is e-Aadhaar? e-Aadhaar is a secure, digital version of…

Investors seeking safe and reliable returns often turn to fixed deposits (FDs) or post office small savings schemes. While both options provide stability, post office schemes currently offer higher interest rates, going up to 8.2% annually, compared to around 7%–7.5% offered by bank FDs. Let’s explore the features of these options to help you decide the best fit for your financial goals. Post Office Small Savings Schemes: A Closer Look The post office small savings schemes are backed by the government, ensuring safety and reliability. Here are some of the most popular schemes: 1. Public Provident Fund (PPF) 2. Monthly…

The 50:30:20 rule is a simple personal finance formula designed to help individuals manage their income effectively. By splitting post-tax income into three categories—needs, desires, and savings—this rule ensures better financial planning without unnecessary stress. This concept, introduced by U.S. Senator Elizabeth Warren and her daughter Amelia Warren Tyagi in their book All Your Worth: The Ultimate Lifetime Money Plan, is a trusted tool for budgeting, investing, and saving. Breaking Down the 50:30:20 Rule The beauty of the 50:30:20 rule lies in its simplicity. Here’s how you can divide your income into three parts: 1. Allocate 50% for Your Needs…

For those looking for a safe investment option with better returns than Fixed Deposits (FDs), Treasury Bills (T-Bills) are an excellent alternative. These government-issued securities are short-term investment tools that provide fixed returns with minimal risk, making them ideal for conservative investors. Issued by the Reserve Bank of India (RBI), T-Bills cater to individual and institutional investors alike, offering a secure way to invest while supporting government borrowing. Key Features of Treasury Bills Types of Treasury Bills The RBI issues T-Bills in three durations, each with its unique maturity period: How Treasury Bills Work T-Bills are issued at a discounted…

Starting an SIP (Systematic Investment Plan) early is one of the smartest ways to build wealth over time. The earlier you begin, the more you can benefit from the power of compounding, which significantly multiplies your wealth over the years. However, delaying investments by even a few years can lead to higher financial burdens later, as shown by a study conducted by FundsIndia Research. The Impact of Delaying SIP Investments When you postpone your SIP investment, you not only reduce the time for your money to grow but also increase the amount you need to invest to reach the same…

The Employee Provident Fund (EPF) is a reliable savings option for retirement, offering financial security and a pension fund. However, under certain conditions, you can withdraw funds partially or fully before retirement. Here’s a comprehensive guide on the circumstances for withdrawal, eligibility criteria, and the steps involved. Reasons for Partial PF Withdrawal Partial withdrawals from your PF account are allowed for specific situations, ensuring that the fund supports your financial needs during emergencies or significant life events. These include: Eligibility:To withdraw for these reasons, the account holder must have been a member of EPFO (Employees’ Provident Fund Organisation) for at…

This Children’s Day, why not give your child the gift of financial security? Investing in your child’s name can be a meaningful way to secure their future and lay a foundation for long-term wealth. With various government-backed schemes and secure investment options available, you can start planning for essential milestones, like education and other future expenses. Here’s a guide to some of the top schemes you might consider this Children’s Day. 1. Sukanya Samriddhi Yojana (SSY) – A Special Scheme for Daughters If you’re planning for your daughter’s future, the Sukanya Samriddhi Yojana (SSY) offers an excellent way to save.…

In India, the family pension scheme provides financial support to the families of government employees after their passing. This amount, known as a family pension, helps family members maintain stability. Generally, the spouse is the first in line to receive the pension, but daughters—whether unmarried, married, or widowed—are also eligible under specific circumstances. According to the Central Civil Services (Pension) Rules, 2021, here’s a comprehensive look at when and how a daughter can be entitled to her father’s pension. Understanding Family Pension and Eligibility The Central Civil Services (Pension) Rules, 2021, outlines that, after a government employee’s death, family pension…

When it comes to fulfilling long-term financial goals, mutual fund SIPs (Systematic Investment Plans) have become one of the most popular choices among investors. Whether you’re saving for retirement, a child’s education, or a new home, SIPs offer a flexible and disciplined approach to building wealth over time. Let’s break down how you can achieve a corpus of Rs 5 crore in 25 years with SIP and some tips for maximizing your returns. How SIP Returns Are Calculated When setting up an SIP to achieve a financial goal, there are four main factors to consider: While the tenure, target, and…

In India, an Aadhaar card has become a crucial document that provides identification with details such as name, address, and photo, and allows access to various services. To make Aadhaar management easier, the Unique Identification Authority of India (UIDAI) offers two distinct digital platforms: MyAadhaar and mAadhaar. While both simplify Aadhaar-related tasks, they are designed to meet different needs. Understanding which platform is better suited for specific purposes can save time and ensure security. What is mAadhaar? mAadhaar is a mobile app developed by UIDAI, available for both Android and iOS users. It allows you to manage and access your…