Lenders, including Suryoday Small Finance Bank, Yes Bank and Jana Small Finance Bank, are tying up with fintechs to offer fixed deposits (FDs) without the need to open a bank account, flexible…
Tag: NPS
Best of the Week| How a 55-year-old architect built ₹2 cr NPS retirement corpus
Khare initially connected with a Mumbai-based financial planner who was also a mother to an autistic child. This introduction to full-scale financial planning was a revelation, but the distance proved impractical. Read…
What plants should you grow in your retirement savings orchard?
The other day, I took my little one to play in a nearby garden. Kids being naturally curious, he bombarded me with questions about the trees, plants, flowers, and the variety of…
Income Tax Return: How to maximise your tax refunds while filing ITR?
Availing of necessary deductions and exemptions Taxpayers should use all available deductions and exemptions to reduce their tax liability. Examining the Income Tax Act is essential for comprehending the deductions and exemptions…
Diversifying investment style is crucial: FundsIndia’s Arun Kumar
In an interaction with Mint, Kumar, known as the 80:20 investor, discusses his investment portfolio, his reasons for avoiding real estate, and why diversifying investment styles is as important as asset allocation. …
Why Sumit Shukla of Axis Pension Fund prefers NPS Tier 2
There’s no dearth of mutual fund (MF) advocates in the asset management space. However, Sumit Shukla, managing director and chief executive of Axis Pension fund, does not fit into that universe. Shukla…
Income Tax: How to minimise tax liabilities while maximising investment returns?
Almost threefold growth has occurred in Indian benchmarks over the past decade. The meteoric rise of the stock market has also attracted retail investors’ participation in India’s equity markets. Income from investments…
How the national pension scheme can be utilized for early retirement
An argument that is often heard against the National Pension Scheme(NPS) is the long lock-in till age of 60 years. Another concern is the accessibility of the corpus in case of early…
NPS new login norms mandate two-factor Aadhaar authentication from THIS month
The pension regulatory body recently announced an enhanced security system. They have implemented a two-factor Aadhaar authentication and made the new security mandatory for all password-based users logging into the Central Recordkeeping…
NPS scheme: Why pension fund doesn’t invest in mid-cap and small-cap companies
The National Pension System (NPS) offers an easy, cost-effective, and tax-efficient method for retirement savings. Your contributions are overseen by fund managers registered with the Pension Fund Regulatory and Development Authority (PFRDA)….