Author: Naresh Saini

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.…

Raising a daughter comes with love and pride, but it also comes with responsibility, especially when planning for her future. Whether it’s education or marriage, every parent wants to build a strong financial base for their daughter. Many depend on savings accounts or fixed deposits, but those options may not offer the returns needed to match rising expenses. That’s where Sukanya Samriddhi Yojana (SSY) steps in. This is a government-backed small savings scheme specially designed for the girl child. With high returns, tax benefits, and long-term financial security, this scheme helps parents build a solid fund when their daughter becomes…

In India, documents like Aadhaar, PAN card, and Ration Card are commonly used to identify and access various services. However, it’s crucial to understand that these documents are not conclusive proof of Indian citizenship. This distinction becomes particularly significant in legal and administrative matters, such as applying for a passport, voting rights, or during the National Register of Citizens (NRC) verification process. Why Aadhaar, PAN, and Ration Card Are Insufficient Aadhaar Card The Aadhaar card is a 12-digit unique identification number issued by the Unique Identification Authority of India (UIDAI) to residents of India. It’s designed to serve as proof…

The Public Provident Fund (PPF) is India’s favored long-term savings scheme, offering tax benefits and a secure return. While many are aware of its advantages, a lesser-known fact is that the timing of your deposits can significantly impact the interest you earn. ​ How PPF Interest is Calculated PPF interest is compounded annually but calculated monthly. The key detail is that the interest for a particular month is computed on the lowest balance in the account between the 5th and the last day of that month. Therefore, deposits made on or before the 5th are included in that month’s interest…

A Permanent Account Number (PAN) card is one of the most important identity and financial documents in India. Issued by the Income Tax Department, the PAN card is used not just for filing taxes but also for opening bank accounts, buying property, investing in mutual funds, and various KYC (Know Your Customer) verifications. Losing a PAN card can create unnecessary stress — but thankfully, the process of reissuing a PAN card is simple and well-defined. In this article, we’ll explain in simple Indian English how to get your lost PAN card reissued, the documents required, step-by-step process (both online and…

In Indian culture, a daughter’s wedding is one of the most significant life events in a family. Parents start saving from the day their daughter is born to ensure she gets the best in life. But rising education costs, inflation, and unexpected events make it harder for middle-class families to manage long-term savings. That’s where the LIC Kanyadan Policy steps in. Designed as a special combination of savings and insurance, this policy helps you plan your daughter’s future effectively. Whether you want to support her education, marriage, or provide financial stability, the LIC Kanyadan Policy offers a disciplined and secure…

भारत देश में एक बेटी की शादी और शिक्षा माता-पिता के लिए सबसे बड़ी जिम्मेदारियों में से एक मानी जाती है। खासकर मध्यमवर्गीय परिवारों के लिए यह एक बड़ा आर्थिक दबाव होता है। ऐसे में अगर समय रहते एक स्मार्ट निवेश योजना बनाई जाए, तो भविष्य में बेटी की शादी और शिक्षा जैसे खर्चों के लिए किसी से उधार लेने की जरूरत नहीं पड़ती। LIC की कन्यादान पॉलिसी (LIC Kanyadan Policy) इसी सोच के साथ डिजाइन की गई है। यह न केवल एक सुरक्षा कवच देती है, बल्कि बेटी के 25वें जन्मदिन तक एक बड़ी रकम इकट्ठी कर देती है।…

The Senior Citizen Savings Scheme (SCSS) is a government-backed savings option aimed at individuals aged 60 years or above. Launched by the Government of India, this scheme is designed to offer secure and steady returns post-retirement, ensuring that senior citizens enjoy financial independence in their golden years. Unlike market-linked products that come with risk, SCSS is one of the safest investment options available today, as it is directly supported by the government and managed through post offices and authorized banks. 📈 SCSS Interest Rate 2025 As of Q1 2025, the interest rate for SCSS is 8.2% per annum. This is…

In the world of long-term investment, two names often stand out in India — SIP (Systematic Investment Plan) and PPF (Public Provident Fund). Both are popular choices among Indian investors who want to build wealth over time. But if you start investing ₹10,000 every month, where will you get better returns — in SIP or PPF? Let’s break this down in simple terms and analyse both options based on key factors like returns, safety, risk, liquidity, taxation, and long-term wealth creation. Understanding SIP and PPF: Basics First What is SIP? SIP is a method of investing a fixed amount in…