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Source: Live Mint In a world flooded with flashy deals and fine print, basic numeracy—the ability to understand and work with numbers—is more important than ever. Yet time and again, people fall for offers that don’t add up, misunderstand financial terms, or overlook critical details that could save (or cost) them real money. Two stories—one…
Source: Live Mint While this flexibility is a great relief during critical times, it’s important to understand the rules, limits, tax implications, and the overall impact of such withdrawals on long-term financial security. EPF withdrawal for marriage and higher education To access EPF funds for marriage or higher education, the rules are quite strict. Sanjay…
Source: Live Mint In 2023-24, the Employees’ Provident Fund Organisation rejected 8.7 million applications from individuals seeking to withdraw money from their EPF accounts. Read Full Article
Source: Live Mint Considering your moderate risk appetite as mentioned in your query, your preference towards protecting the downside is natural and we completely understand it. Considering you have 18 years to retirement, which is long-term from all perspectives, you can consider a combination of BAFs and aggressive hybrid funds to generate better risk-adjusted return…
Source: Live Mint Retirees or those close to retirement face the challenge of managing their savings throughout their lifetime. At this stage they no longer have the luxury of building up their savings and instead need to withdraw from their corpus. They cannot afford substantial erosion of their corpus as it must cover their expenses….
Source: Business Standard 3 min read Last Updated : Oct 02 2024 | 11:44 AM IST The Employee Provident Fund (EPF) is a crucial retirement savings scheme designed to provide financial security for employees in the organised sector. However, accounts can become inactive if there are no contributions for three years. This may happen…
Source: Business Standard 4 min read Last Updated : Sep 20 2024 | 5:31 PM IST The government recently launched National Pension System Vatsalya (NPS Vatsalya), a retirement saving scheme for children that was introduced in the Union Budget for 2024-25 on July 23. What is the NPS Vatsalya scheme? …
