Why Tax Incentives Matter: The Crucial Role of Savings in a Consumer-Driven Economy The recent budget changes have ushered in a significant shift in savings behaviour among individuals. With the introduction of the new tax regime, traditional tax-saving incentives have been replaced by a simplified structure, prompting a reevaluation of long-standing savings patterns. In the […]
NPS Account: The Millennial Money Dilemma Investing in the National Pension Scheme (NPS) is essential for effective financial management. It can guarantee a secure and stable retirement future. The National Pension System (NPS) is a viable long-term investment avenue that offers a dependable source of income during retirement and a host of associated benefits. Its […]
Sukanya Samriddhi Yojana: A Revolutionary Scheme Empowering the Girl Child’s Future The Sukanya Samriddhi Yojana is a government-backed investment scheme specifically designed to promote the financial security of the girl child in India. The Central government launched as part of the “Beti Bachao, Beti Padhao” campaign; this scheme empowers parents to save for their daughter’s future […]
Saving for child education is the priority for Indian families without considering the impact of education inflation. Most parents start saving with the low-interest bearing product or making investments on an ad-hoc basis. Rather than creating ad-hoc savings, it would be best if you implemented a plan to meet a child’s higher education needs. […]
5 Reasons Why A Financial Plan Is Important Many of us have specific financial goals that we aim to achieve. These goals may include buying a home, setting up a fund for our daughter’s marriage, saving for our child’s higher education (such as MBA, MBBS, Engineering, etc.), designing a debt management strategy, planning insurance, and […]