Saving Scheme Archives - Anil Regos Blog

Converting your employer group health insurance into an individual policy- Is it Important?

October 26, 2017October 26, 2017 admin

Insurance policies, as we all know, have become a necessity in everyone’s life and many of us are benefitted by being covered with an insurance cover provided by our employer. Though the benefits at the outline remain the same, group health insurance policies and individual health insurance policies are entirely different from each other. The clauses are aplenty and their implications catch you unawares just when you want to avail the benefit. A simple comparison between these two kinds of policies based on the terms that they are applicable upon…

Eight strategies to manage your money that can help you get rich faster in 2017

January 23, 2017 admin

By now, you must have made your financial resolution for the New Year. But wealth accumulation often takes a little bit more than just planning. Going by the books, the right asset mix is considered the main foundation for wealth creation. So, if you are dreaming of accumulating wealth over time, you should opt for proper financial planning and go for a mix of equities and debt instruments. Financial planners suggest eight key steps to financial planning and wealth creation in the Indian context, given the current equilibrium in the…

Last minute scramble? Five mistakes to avoid when choosing tax-saving products

January 23, 2017January 23, 2017 admin

Understand that tax planning is only a small component of your overall financial portfolio For most salaried individuals, the December-January period is usually the time when their employers ask for proofs of investments for the financial year (FY). Ideally, you should do your tax planning at the beginning of the FY and then invest throughout the year. But if you are one of those who are scrambling to complete your tax planning process and trying to meet the deadline, here is a list of mistakes you should avoid while taking…

How Women Must Choose Bank Accounts?

January 3, 2017January 3, 2017 admin

Choosing Your Bank Account With a plethora of banks and account options available, there are several women specific bank accounts available to. Here is a quick guide to making the right choice.Where your bank your hard earned money can benefit you immensely. So it is important that you make the right choice for your savings bank account. Freebies and Addon’s Today there are several freebies attached to women’s bank account to attract clients. These could include aspects like special shopping cards, higher withdrawal limits for shopping, minimal balance requirement, free…

Sole breadwinner: Here is how you should manage your money

December 6, 2016December 6, 2016 admin

Here are a few pointers to make wise investments which will help you protect the financial future of your family. Being a sole breadwinner is a responsibility which many of us face. It can at time be daunting, and the future may sometimes seem intimidating. We may be assailed with self-doubts and if we are doing enough to secure our family’s financial future. Here are a few pointers to make wise investments which will help you protect the financial future of your family: Save diligently: No kidding this. You should…

Getting married? 4 money goals for you

July 28, 2016September 26, 2016 admin

Financial planning need not be boring or solely be a man’s job. It can be made fun and be used as another way to increase a married couple’s closeness and happiness! Try it! So you have found your soul mate and are going to take your connection to the next level by getting married? Congratulations! While you are planning for a lifetime together, jotting down dreams, and devising strategies to make the journey worth the while, may we suggest that you include financial planning in your agenda as well? Yes,…

What you need to do to save enough for your Child’s Education?

July 27, 2016September 26, 2016 admin

Best Investment Instruments & Strategies for Saving for a Child’s Education Providing the best education to their children is every parent’s dream and one of the biggest goals. But are you saving enough or investing in the right instrument to achieve this goal? From child plans offered by insurance companies to the Sukanya Samriddhi scheme for girl child, there are a plethora of investments in the market. So which option to choose and how much to invest are the most critical questions. First, you need to set a target. It…

Income Tax – Bust the Myths with Facts

July 18, 2016September 26, 2016 admin

Knock, Knock … who’s there? It’s the Taxman because we are in July. Many of us dread this knock on the door this time of the year. The terms ‘Deduction’, ‘Under Section’ and ‘Taxable Income’ can look perplexing to the tax paying Indian. Ignorance and misconceptions are the primary reasons for this confusion and fear. Let’s look at busting some of the tax myths and misconceptions so that the Income tax filing exercise for AY 15-16 is a matter-of-factly and fearless one. Myth 1: Income Tax Filing is complex,…

Why PPF Interest Rate Could Fall To Lowest In Nearly 40 Years

July 15, 2016September 26, 2016 admin

PPF – Interest on the most popular small saving scheme might hit a 40 year low In what could be a big setback to the common man, interest rate on one of the most popular small saving schemes – public provident fund (PPF) – could fall below 8 per cent, a level never seen since 1979. The interest rates on small saving schemes such as PPF are tied to government debt securities of corresponding maturities. The yields on 10-year benchmark government securities are hovering around three-year low of 7.30 per…