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 >

Responsive & Mobile Design

Employees Pension Scheme (EPS) is extended to the Subscribers of Employees’ Provident Fund (EPF). The Scheme aims to provide regular income to the respective Individuals post retirement to meet his/her basic necessities. The Applicability, Coverage and other provisions of the Act have been discussed in my previous post. You may read my Introductory Post on Employees’ Pension Scheme (EPS) in the link given below: Employees’ Pension Scheme (Series-1): EPS Guidelines Employees' Pension Scheme (Series-3): Calculation of Pension Employees’ Pension Scheme…Continue Reading >

Responsive & Mobile Design

Employees Pension Scheme (EPS) was initiated for the welfare of the Employees post Retirement and provides them with Social Security. In 1971 Central Government launched the Employees’ Family Pension Scheme for providing Family Pension and Life Assurance Benefit to the employees’ which was later merged with the Employees’ Pension Scheme,1995 and Employees’ Deposit Linked Insurance Scheme,1976 for providing benefits to the employees. From 1st September, 2014 few amendments have been made to Employees’ Pension Scheme and we will look at…Continue Reading >

Responsive & Mobile Design

“Principle of Compounding” is a very powerful tool in Finance and Economics. Compounding in simpler terms means interest being added to the principal, thus the addition of interest to the principal is called compounding. “Principle of Compounding” means that not only the principal amount earns interest but the interest amount also earns interest (interest on interest). Thus it leads to accelerated growth of Wealth. COMPOUNDING IN PERSONAL FINANCE In “Personal Finance” it is very important to understand the power of…Continue Reading >

Responsive & Mobile Design

Individuals are spoilt for choice while opting for an Insurance Policy. We have many Insurers offering many Insurance plans with varied benefits and features. Many Insurers are offering policies at a very low premium to lure potential insurance buyers. Most often buyers get attracted to cheaper insurance plans ignoring various other factors that one should keep in mind while opting for an Insurance plan. Individuals should always keep an eye on the past record of the Insurer before opting for…Continue Reading >

Responsive & Mobile Design

Investment decisions at times can be very confusing and cumbersome. In current market you have plethora of financial products to chose from which makes the task even more tedious. However, Each Financial Product is designed to meet specific needs and one should understand their purpose before deciding to invest. Pure Investment product is something which should be considered by Individuals as it offers better returns when compared to other Investment Instruments. In this post, I will discuss about strategic advantages…Continue Reading >