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In personal finance, if you divide the number 72 by the rate of interest, you get to know the number of years it will take for you to double the money… Eg: if the rate of interest is 9%, simply divide the number 72 by 9% and the answer is 8. Thus it will take […]
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New Delhi: Total assets under management in government’s flagship social security schemes — National Pension System (NPS) and Atal Pension Yojana (APY) — stood at Rs 5,48,913 crore at end-December 2020, posting an year-on-year growth of 36.83%, according to PFRDA data. The assets under management stood at Rs 4,01,152 crore at end-December 2019. The Pension […]
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It’s a double whammy for small investors. The high inflation and low interest rate on fixed deposits are nibbling away at their savings. This is because, currently, bank deposits are giving the return as low as 5.5% while the inflation rate is as high as 7%. The real rate of return on FDs work out […]
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You are just out of college and have got your first job. You have been eagerly waiting for the salary credit message. When you read the magic words “Your Salary has been credited”, you immediately start planning on spending it. There is an urge to treat yourself with that high-end dinner or buying an expensive […]
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Work-earn-spend, Work-earn-spend- repeat. If this is the pattern of your earning and spending, it’s time to break this chain. You work to earn and spend what you earn but you aspire to earn more, spend more and live better to fulfil your aspiration it’s just not important that you save but put your savings to […]
