Author: Naresh Saini

If you want to create a large, safe, and tax-free fund for your daughter’s future, Sukanya Samriddhi Yojana (SSY) is one of the most reliable schemes to consider. Run by the Government of India, this scheme not only offers attractive interest but also provides tax savings. What makes it more impressive is how small monthly savings can grow into a huge amount by the time your daughter turns 21. Let’s understand how an investment of ₹15 lakh in 15 years can turn into more than ₹47 lakh on maturity. What Is Sukanya Samriddhi Yojana (SSY)? Sukanya Samriddhi Yojana is a…

Most people dream of becoming financially free or reaching the ₹1 crore or even ₹2 crore mark in their lifetime. But while saving money is important, where you invest that money makes all the difference. In India, many people choose the Public Provident Fund (PPF) because it is safe and offers tax benefits. But is it powerful enough to help you create real wealth? A new trend shows that Systematic Investment Plans (SIPs) in mutual funds are helping investors grow faster. Let us explain this with an easy-to-understand example, using just ₹200 per day — the price of a snack…

If you have a good amount of savings and want to earn a monthly income without taking any risk, the Post Office Senior Citizens Savings Scheme (SCSS) and the Post Office Monthly Income Scheme (POMIS) can help. These two government-backed schemes not only protect your capital but also offer monthly income up to ₹30,000, ideal for retired individuals or those who want a steady income stream. Senior Citizens Savings Scheme (SCSS) – Earn Over ₹20,000 Monthly The SCSS is designed especially for senior citizens above 60 years. It offers a high interest rate and complete capital protection. If you deposit…

Public Provident Fund (PPF) is one of the most trusted government-backed savings schemes in India. It helps people build a secure future by investing a small amount every month. Even salaried or self-employed individuals who save little each month can benefit from the power of compounding and long-term growth. If you are planning to start regular savings, PPF is a smart and tax-saving option. You can deposit up to ₹1.5 lakh per financial year and get a fixed return with full capital protection. Let’s understand how much money you can create in 15 years by saving ₹3,000, ₹5,000, or ₹10,000…

Planning for retirement is not something you should leave for later. Most people think they can start saving for retirement once they’re older or earning more. But waiting too long can make things stressful. If you want to live a relaxed and peaceful life after you stop working, you must begin preparing as early as possible. Let’s understand why early retirement planning matters and how you can build strong habits for a better future. Build the Retirement Habit in Your 20s or 30s, Not in Your 50s Retirement planning is not a one-time action. You cannot just wake up one…

Many working professionals often delay their retirement planning. Even after 8 to 10 years of working, a large number of people still do not have a clear plan for their future. But considering inflation and lifestyle costs, you may need at least ₹1 lakh per month during retirement to live comfortably. Fortunately, there is a simple investment route that can help, by starting with just ₹5 lakh. This method involves investing a lump sum now, letting it grow over time, and then using a Systematic Withdrawal Plan (SWP) to get regular monthly income after retirement. Let’s understand how this works…

For middle-class Indian families, investing ₹5000 every month may seem small, but over time, it can build a large fund. However, the main confusion is—should you invest in a mutual fund SIP or in a PPF account? One offers safety with fixed returns, the other offers higher returns but with market risk. Let’s compare SIP and PPF on various points—returns, risk, tax benefits, and maturity—to understand which option suits you better. What Is PPF and What Are Its Benefits? PPF (Public Provident Fund) is a long-term investment scheme backed by the Government of India. It offers tax-free returns with a…

The use of digital payments has increased rapidly in India. Thanks to UPI (Unified Payments Interface), people now send and receive money instantly without carrying cash. Just one tap on the phone is enough to complete a transaction. But sometimes, this speed can lead to mistakes. One small typing error can send your money to the wrong UPI ID. Now, what should you do if your money goes to someone else by mistake? Will you get it back? If yes, how? This article will help you understand the right steps you need to take immediately. Digital Mistakes Are Common —…

Switching jobs has become common today, but in the process, many employees forget or delay transferring their Provident Fund (PF) account. While this might seem like a small thing, it can cause significant financial problems later on. From losing interest in your savings to having issues while withdrawing money during retirement, avoiding PF transfer can affect your long-term economic health. Let’s understand the major problems that can arise if you do not transfer your PF after a job change and what you can do to avoid them. 1. Interest Stops on Inactive PF Accounts After Three Years If you leave…

The Aadhaar card is now a must-have identity document for every Indian. Whether you want to open a bank account, apply for a SIM card, get subsidies, or access government schemes, Aadhaar is required almost everywhere. The good news is that if you still don’t have an Aadhaar card, you can begin the application process online while sitting at home. The Unique Identification Authority of India (UIDAI) has made booking appointments online very simple. With just a few clicks on your smartphone or computer, you can fill out the form, choose your nearest Aadhaar Seva Kendra, and schedule a visit.…