Mon, Oct 28, 2024
A detailed comparison between Post Office 5-Year Fixed Deposit (FD) and Post Office Monthly Income Scheme (MIS), exploring eligibility, deposit limits, interest rates, and returns on a Rs 4.5 lakh investment over five years.
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Wed, Sep 25, 2024
Learn how the Rule of 72 helps estimate the growth of your investments at a 12% annual return. Typically, a lump sum investment doubles in about 6 years with this rate. For a Rs 10,000 monthly contribution, compounding accelerates growth, helping it turn double. This rule serves as a quick tool for visualising investment growth over time, assisting in effective financial planning. Read.
Fri, Sep 20, 2024
The Rule of 72 is a simple formula that helps estimate how long it takes for an investment to double, using a fixed annual return rate. By dividing 72 by the interest rate, investors can quickly gauge financial growth and plan strategies for better returns, making it ideal for long-term planning.
Mon, Apr 22, 2024
Many investors aim to generate monthly income from their investments. While most favor guaranteed return income plans, some choose market-linked options. Examples of investment schemes offering monthly income include the Senior Citizen Saving Scheme, Post Office Monthly Income Scheme, Government Bonds, Pradhan Mantri Vaya Vandana Yojana, Life Insurance Plus Saving, mutual funds, and systematic withdrawal plans. Explore these options in greater detail to understand their specifics.
Sun, Aug 27, 2017
Ideally, a person start working at the age 21 and look for retirement by 60. In this 39 years of life span, there are sea of expenses which incurs. To make sure you do not have to compromise on your post-retirement life, it is always advisable to plan early.
Tue, Aug 22, 2017
Investing in Systematic Investment Plans (SIPs) can help you in giving high returns with marginally increase in investment amount every year.
Wed, Aug 09, 2017
In a SIP, an investor has to set aside small amounts of money either monthly or quarterly and the amount of investment can be as low as Rs 500.
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![Even with "zero" savings, you can enjoy post-retirement life with Rs 2 crore, this is how](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_160x90/public/2017/08/27/23307-retirement-pixabay.jpg?itok=E5Isv18J&c=94a754cff7001d01ea86df72600f819d "Even with "zero" savings, you can enjoy post-retirement life with Rs 2 crore, this is how")
