#savings

No Fee for Updating Nominee in PPF Account, Confirms FM Nirmala Sitharaman
In a move that offers much-needed relief to Public Provident Fund (PPF) account holders across India, Finance Minister Nirmala Sitharaman has officially announced that individuals will no longer have to pay any fees to add, update, or remove nominee details in their PPF accounts. The announcement was made via a post on social media platform X and follows a recent government notification that amends the applicable savings rules. Through Gazette Notification 02/4/25, changes have been introduce
No Fee for Updating Nominee in PPF Account, Confirms FM Nirmala Sitharaman
In a move that offers much-needed relief to Public Provident Fund (PPF) account holders across India, Finance Minister Nirmala Sitharaman has officially announced that individuals will no longer have to pay any fees to add, update, or remove nominee details in their PPF accounts. The announcement was made via a post on social media platform X and follows a recent government notification that amends the applicable savings rules. Through Gazette Notification 02/4/25, changes have been introduce

Sukanya Samriddhi Yojana vs Children's Mutual Fund: Which Savings Plan Is Better?
Ensuring financial security for children is one of the primary concerns for parents. Whether planning for education, marriage, or other major milestones, choosing the right investment plan can make a significant difference. While traditional government-backed schemes like Sukanya Samriddhi Yojana (SSY) are widely known, financial experts are now highlighting the potential of Children's Mutual Funds as a flexible and high-return alternative. Understanding Su
Sukanya Samriddhi Yojana vs Children's Mutual Fund: Which Savings Plan Is Better?
Ensuring financial security for children is one of the primary concerns for parents. Whether planning for education, marriage, or other major milestones, choosing the right investment plan can make a significant difference. While traditional government-backed schemes like Sukanya Samriddhi Yojana (SSY) are widely known, financial experts are now highlighting the potential of Children's Mutual Funds as a flexible and high-return alternative. Understanding Su

Top 5 Post Office Savings Schemes Offering Tax Benefits Under Section 80C in 2025
Post Office Savings Schemes remain one of the most trusted investment options in India, offering secure returns backed by the government. Many of these schemes not only provide financial security but also offer tax benefits under Section 80C of the Income Tax Act, 1961. Investors can claim a tax deduction of up to ₹1.5 lakh per financial year when investing in these schemes, making them an attractive option for tax planning.However, these deductions are applicable only under the old tax reg
Top 5 Post Office Savings Schemes Offering Tax Benefits Under Section 80C in 2025
Post Office Savings Schemes remain one of the most trusted investment options in India, offering secure returns backed by the government. Many of these schemes not only provide financial security but also offer tax benefits under Section 80C of the Income Tax Act, 1961. Investors can claim a tax deduction of up to ₹1.5 lakh per financial year when investing in these schemes, making them an attractive option for tax planning.However, these deductions are applicable only under the old tax reg

Best Alternatives to Fixed Deposits in India for Higher Returns and Secure Investments
Fixed deposits have long been considered a safe and reliable investment option in India, particularly among conservative investors. However, declining interest rates and rising inflation have made it increasingly difficult for FDs to offer returns that outpace the rising cost of living. With the Reserve Bank of India (RBI) reducing the repo rate, banks have responded by lowering FD rates, prompting investors to explore other options that provide higher returns while maintaining financial secu
Best Alternatives to Fixed Deposits in India for Higher Returns and Secure Investments
Fixed deposits have long been considered a safe and reliable investment option in India, particularly among conservative investors. However, declining interest rates and rising inflation have made it increasingly difficult for FDs to offer returns that outpace the rising cost of living. With the Reserve Bank of India (RBI) reducing the repo rate, banks have responded by lowering FD rates, prompting investors to explore other options that provide higher returns while maintaining financial secu

Government Plans Universal Pension Scheme for All, Aiming to Secure Retirement for Every Citizen
The Indian government is reportedly working on a Universal Pension Scheme, a voluntary initiative designed to provide retirement benefits to individuals across all sectors, including those in unorganised employment, traders, and self-employed individuals aged 18 and above. Unlike traditional job-based pension plans, this scheme will not be tied to any specific employment, making it accessible to a wider range of individuals.The Labour Ministry has already initiated discussions on the framewor
Government Plans Universal Pension Scheme for All, Aiming to Secure Retirement for Every Citizen
The Indian government is reportedly working on a Universal Pension Scheme, a voluntary initiative designed to provide retirement benefits to individuals across all sectors, including those in unorganised employment, traders, and self-employed individuals aged 18 and above. Unlike traditional job-based pension plans, this scheme will not be tied to any specific employment, making it accessible to a wider range of individuals.The Labour Ministry has already initiated discussions on the framewor

Affordable Health Insurance for Seniors: Strategies to Lower Premium Costs
As people age, having a reliable health insurance plan becomes a critical component of financial and personal well-being. With medical expenses escalating and premiums on the rise, many senior citizens face the dual challenge of securing adequate coverage while managing their budgets. Fortunately, several practical strategies can help lower health insurance costs without compromising on the quality of care. This article explores effective methods to reduce premium expenses, enabling seniors t
Affordable Health Insurance for Seniors: Strategies to Lower Premium Costs
As people age, having a reliable health insurance plan becomes a critical component of financial and personal well-being. With medical expenses escalating and premiums on the rise, many senior citizens face the dual challenge of securing adequate coverage while managing their budgets. Fortunately, several practical strategies can help lower health insurance costs without compromising on the quality of care. This article explores effective methods to reduce premium expenses, enabling seniors t

How to Start a Systematic Investment Plan (SIP) in NPS: Benefits, Eligibility, and Tax Savings
The National Pension Scheme (NPS) is a government-backed retirement savings initiative designed to provide individuals with long-term financial security. With its tax benefits and flexible investment options, NPS is an attractive choice for those looking to systematically build a pension corpus. One of the most convenient ways to contribute to NPS is through a Systematic Investment Plan (SIP), which allows individuals to invest small amounts regularly, ensuring a d
How to Start a Systematic Investment Plan (SIP) in NPS: Benefits, Eligibility, and Tax Savings
The National Pension Scheme (NPS) is a government-backed retirement savings initiative designed to provide individuals with long-term financial security. With its tax benefits and flexible investment options, NPS is an attractive choice for those looking to systematically build a pension corpus. One of the most convenient ways to contribute to NPS is through a Systematic Investment Plan (SIP), which allows individuals to invest small amounts regularly, ensuring a d