Responsive & Mobile Design

Credit Report is a very informative data used to evaluate loan and credit card application, as it provides detailed record of one’s Credit history (Loans, Credit Card Dues, Repayment, etc) and helps lenders to determine the Credit worthiness of an applicant. Earlier, it was a parameter considered only when an Individual used to apply for a new credit card or loans. But now some Companies are asking for the Credit Report even while offering jobs. Therefore, it has become very…Continue Reading >

Responsive & Mobile Design

Credit Report has gained importance over the years with the Financial Institution being very particular about credit worthiness of the applicants for Loans or Credit cards. Credit Report provides the complete information on Individual’s credit history along with details of his/her past financial transactions. This report helps the Lenders to decide on the Credit Worthiness of the application made for loans and even credit cards. The quantum of Loan or the Credit Card limit is determined by the Credit Score…Continue Reading >

Responsive & Mobile Design

National Pension Scheme is one of the Government social security initiatives which aims to provide financial cover to the individuals post retirement. The scheme is being widely promoted by the Government and even Corporate Houses are encouraged to avail the scheme so that employees working in private sector are also benefited from the same.   The National Pension Scheme (NPS) is hailed as one of the cheapest and citizen friendly scheme while Personal Finance experts are terming it as an…Continue Reading >

Responsive & Mobile Design

About National Pension Scheme (NPS): An Insight National Pension Scheme (NPS) is introduced by the Government to provide better Social Security to the Individuals post retirement and help them lead comfortable life. The National Pension Scheme (NPS) was launched on 1st January,2004 and was made mandatory for all Central Government Employees. Since 2009 the Scheme has been opened for all the citizens between 18 years to 65 years of age. The NPS is managed by Professional Fund Managers. Now even…Continue Reading >

Responsive & Mobile Design

Credit Information Report (CIR) has become very important in the recent past largely due to defaults on payments made by the borrowers, leading to huge losses suffered by Banks and other Financial Institutions. It is being observed that Banking institution are under stress as Non Performing Assets (NPA’s) continue to rise. This has lead to lending institution being very stringent with their norms for granting loans. Credit Information Bureau India Limited (CIBIL) now known as TRANSUNION CIBIL Limited, maintains and…Continue Reading >

Responsive & Mobile Design

Xiaomi has announced their latest phone in India, the Mi A1 which is an Android One device built in collaboration with Google. The USP of the phone is the rear Dual Camera setup which being projected as the flagship Android One dual camera phone. The phone will sold exclusively on Flipkart and MI India portal from 12th September,’17. The phone has been priced at Rs 14,999/- which is pretty reasonable considering the specs offered by Mi A1. The phone will…Continue Reading >

Responsive & Mobile Design

A recent study showed that major portion of the young population is pretty confused when it comes to Personal Finance and matters pertaining to Investment. Individuals need to be prudent when it comes to investment because it is their hard earned money which is being invested with the expectation of maximizing their wealth. The availability of numerous financial products often confuse the Investors even more. However, the advent of technology has simplified the art of investing. I strongly believe that…Continue Reading >

Responsive & Mobile Design

Recently, Government made amendments to the Employees Pension Scheme (EPS) norms allowing Subscribers to defer withdrawal of pension (After 58 years) for minimum of 1 year and maximum of 2 years along with additional interest of up to 8.16% on actual pension. The amendments offer two options to the Subscriber with regard to deferred withdrawal of the pension fund. First, the Subscriber may continue to contribute to the Pension Fund for the extended period and the same will be considered…Continue Reading >

Responsive & Mobile Design

Government recently made few amendments to the Employees’ Pension Scheme (EPS). These amendments are aimed at reducing the deficit in Pension Fund and provide Subscribers with an option to receive higher pension. The new changes allow Subscribers to defer withdrawal of pension for 1 year or 2 years after reaching the age of 58 but not beyond 60 years. Member will enjoy an additional increase of 4% in case of deferral for 1 year and 8.16% in case of deferral…Continue Reading >

Responsive & Mobile Design

Employees’ Pension Scheme (EPS) provides pension to the EPF Subscribers on attaining the age of 58 years. However, the amount of pension is determined depending on the pensionable service and contribution period of the Subscriber. I have already posted articles on Benefits available under the Employees’ Pension Scheme. In this post I will discuss the procedure to determine the pension. One may refer to my earlier posts related to EPS in the link provided below:- Employees Pension Scheme (Series-1) Benefits…Continue Reading >