When you are purchasing a car or a motorbike, the price of the motor vehicle is very important. The salesman of the showroom will give a quotation of two prices; that is; ex-showroom price and on-road price. The price you will purchase the car at is the on-road price. Therefore, when making decisions on your […]
How Inflation Eats Your Savings
Inflation is a confusing concept for common people. As an ordinary person, you find it difficult to understand what inflation is and how inflations eat your savings. Before knowing the impact of inflation on your life, you should first understand what inflation is. We all know that the price of goods and services are increasing […]
Gold Monetization Scheme and Sovereign Gold Bonds : Complete Guide
The Union Cabinet recently approved gold monetization scheme and Sovereign Gold Bonds. The Main objective behind the launch of gold monetization scheme and Sovereign Gold Bonds is to reuse the household gold which lying in lockers & cupboards of Indian homes. and also reduce reliance on import of gold. This gold monetization scheme and Sovereign […]
What is equity ? Equity Market ?
Switch on any business channel and you will find that the word ‘equity’ coming up quite frequently. Now, for someone who has no idea what it means, investing in one can prove to be a dangerous proposition. Among the many misconceptions about equity, the most common has to be that it’s a relatively risk-free investment […]
Public Provident Fund – PPF Scheme – Benefits, interest rate, PPF calculator
What will be my source of income after retirement? How will I survive after retirement? These types of questions arises in every individuals mind, sooner or later. Those who works in government / organized sectors can get benefits of pension plan through EPF Employee Provident Fund. But what about those who are working in un-organized […]
Sukanya Samriddhi Yojana Account
Sukanya Samriddhi Yojana or Girl child Prosperity scheme is the part of ‘Beti Bachao, Beti Padhao’ campaign. It’s a special deposit scheme launced by our prome minister Narenda modi on 22nd January 2015 for a girl child. Main purpose of this Sukanya Samriddhi Yojna is to provide girl education and her […]
Difference between Shares, stocks and Mutual Funds
For those who are interested in investments, knowing the difference between shares, stocks, mutual funds, and other investment opportunities, is the first step to making the right investment move. Not all investments are sound for everyone, and for this reason, you have to know where you are putting your money. Make […]
Compound Interest – The Magic of Investing
In the life of any person, figures call it numbers are the most essential. For every investment with figures attached to its vision and mission, his success would not be far fetched.When talking about investments, simple interest yield is not as important as compound interest yield. Compound interest being a mathematical wonder, when utilized in […]