NPS is a rather complicated government-run pension scheme that may not be for everyone. If you don’t like your money locked in for a long time, and want a greater degree of control over your finances, it may not be right for you. It’s ideal for those who don’t want to spend much time thinking about making investments or don’t have the expertise to do so. … [Read more...] about NPS Features: Is National Pension Scheme (NPS) a Good Investment Option?
Since debt is a crucial part of the portfolio for senior citizens, with low appetite for risk, asset allocation would play a major role. PPF, which is a fixed income option used for long-term savings can’t be a standalone wealth creation tool for young earners. Presence of equity investments in your portfolio is needed to beat inflation. … [Read more...] about Interest cut in small-savings: Rates still attractive in many schemes
If you are facing a financial crunch due to the Coronavirus Disease’s (COVID-19) economic impact, you can now dip into your employees’ provident fund (EPF) corpus to survive the crisis. After Finance Minister Nirmala Sitharaman’s announcement on March 26 permitting such withdrawals, the Employees’ Provident Fund Organisation (EPFO) has now operationalised the process for facilitating this withdrawal. It is termed ‘non-refundable advance’ in official parlance. … [Read more...] about COVID-19: How much can you withdraw from your EPF?