Savings News
Should you fund your child’s foreign education with savings, a loan, or both?
Educational financing can vary from person to person. But planning well in advance is essential to building the corpus you need.
1 min read14 Nov 2024No interest on National Savings Scheme from Oct 1: What it means for you
If NSS investors withdraw the amount from their accounts now, both the principal and interest will be taxable.
8 min read7 Nov 2024World Savings Day: A reality check on household savings
India’s shrinking household savings signal a troubling reliance on easy credit and rising debt, underscoring the urgent need for financial literacy and disciplined investing.
2 min read30 Oct 2024The power of financial planning: A journey of comeback from debt to savings
Through disciplined savings and smart investments, Radhakrishnan transformed his finances, demonstrating that financial recovery is achievable with the right guidance and strategies.
4 min read26 Oct 2024As Generation X approaches retirement, reality still bites
The ‘forgotten generation,’ born between 1965 and 1980, launched their careers at the start of a massive shift in how people work.
8 min read21 Aug 2024Three steps to ensure you have enough money when you need it
Being unprepared for long-term monetary goals and job loss are among the top financial challenges, according to the State of Financial Wellbeing at Workplace Report 2024-25
3 min read19 Aug 2024Riches Revealed: 3 game-changing habits of wealthy people
The disparity between the wealthy and the middle class goes beyond income levels. It hinges significantly on how individuals perceive money, particularly their views on achieving and maintaining wealth over time.
2 min read25 Jul 2024Small Savings Schemes: Why are these 10 post office schemes popular among investors?
Post office savings schemes offer interest in the range of 4 to 8.2 percent per annum. The lowest rate of interest (i.e., 4 percent) is offered by post office savings account while the highest interest (of 8.2 percent) is offered by Sukanya Samriddhi Account.
2 min read11 Jul 2024Household savings plummet to 5-year low in FY23: Where did young India’s savings go?
Declining household savings in India, exacerbated by spending on experiences over savings, highlight a trend of imprudent financial habits among the youth.
7 min read3 Jul 2024Will Modi 3.0 government raise interest rates on PPF, SSY, and other small savings schemes for next quarter?
Interest rates on small savings schemes like PPF, SCSS, and NSC are under review by Modi 3.0 government
2 min read27 Jun 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared