Savings

In today’s time, every individual must have their own bank account. It is a fundamental step towards saving and managing your money, along with taking the benefit of several banking services offered by banks.  

India Post Payments Bank, or shortly called the IPPB, was launched in 2018, under the aegis of Department of Posts, and has since grown to serve 9 crore customers across the country.

SBI is the first choice for consumers to open a new bank account. Be it a simple savings bank account, or a deposit account like Fixed Deposit, Recurring Deposit or a Flexi deposit account, Indians choose SBI by default.

SBI offers its customers various types of savings accounts to choose from based on their financial position.

People can open a savings account to keep their money safe with a financial institution. Savings accounts are liquid investments since you can withdraw money from them anytime you want.

SBI savings account through video KYC is a fast and efficient way to open your account without stepping out of your home. All the documents are submitted digitally and payments are also made online. It is a completely contactless procedure and application is completed through a video call.

Securing a child’s future is the topmost priority of every parent. However, this is not an easy task as most people focus on building a strong financial cushion to safeguard their child while struggling to have enough funds when needed.

Investment planning is not alien to Indians. When it comes to thriftiness and future planning, no one can beat Indians. Also, saving for a rainy day is imbibed in Indian culture for centuries.

Employees' Provident Fund (EPF), shortly known as PF, is a corpus collected by Employee Provident Fund Organisation (EPFO) - a statutory body set up by the Employees' Provident Fund and Miscellaneous Provisions Act, 1952.

Do you have the habit of spending on frivolous purchases and end up regretting it later? Are you left with no money to spend by the end of every month? Does it feel like that you can never save money from your modest salary?

You would have often heard the proverb, “A penny saved is a penny earned.” This age-old adage holds true even in modern times. A small amount of savings every month can go a long way in helping you build a large corpus over the years.

To say that 2020 has not unfolded as expected is the understatement of the year. The Coronavirus pandemic has brought the whole world to a standstill. Companies and businesses are forced to resort to desperate measures like layoffs and pay cuts to survive the economic blowouts of the pandemic.

Everyone knows that stock market investing is one of the most popular ways to strike rich by building a large corpus over the years. However, what holds back people from investing in stocks is the myth that – it's too complicated.

The Sukanya Samriddhi Account can be opened by the parents of a girl child, any time before the child turns 10. The minimum deposit amount is Rs. 250 per year.

PPF (Public Provident fund) is one of the most popular savings schemes in India to build a retirement corpus. It's one of the most tax-efficient savings products available to all citizens.

A loan from a reputable lender can provide financial solidarity and allow you to remain in a good position. Apart from bailing you out of short-term financial trouble, they can also get you great tax benefits, as long as you manage your finances well.

Women go through plenty of stages in their life – child, daughter, mother, sister, wife, and more. Of all these phases, motherhood is considered as one of the most defining milestones in a woman's life.

The Union Budget for 2020 offers various measures to help our country reach the ambitious target of a $5 trillion-dollar economy by 2022. Nirmala Sitharaman, the Honourable Finance Minister of India, presented the Union Budget for 2020 – 21 on 1st February this year.

A mutual fund is formed when an asset management company (AMC) pools investments from various individual and institutional investors to purchase securities. AMCs hire fund managers to manage investments from investors.

Mutual Funds can seem complicated or intimidating to a lot of investors. A mutual fund is essentially the money pooled in by a large number of people or investors that is managed by a professional fund manager.

Mutual Funds have been gaining a lot of popularity in the recent past as an effective investment channel. Choosing the right type of fund for your investment needs will depend on your investment goal.