The Employees’ Provident Fund (EPF) is a savings scheme introduced under Employees’ Provident Fund. Employer and employee both contribute for provident fund for each salaried person.   This is useful because PF are pooled together from many employees and invested by a trust. This pool generates an interest of 8% – 12%, as determined by the government and the central board ...

In India, we can avail loan from financial institution to buy car, home.  Loan are classified as two categories. Secure loan and unsecured loan. Secure loan are loan against  property and interest in less compare to unsecure loan.  This post we would discuss on different loan types and interest rates. HOME LOAN: If you are looking money to buy a ...

Compound interest or compounding means the interest earned added to basic principal, the interest that keeps getting added to it.  It essentially means reinvesting the earnings you get from your initial invested amount instead of withdrawing the interest immediately. let’s say, you have invested Rs. 10000. Suppose you’re getting 12% interest for a year. If you invest on January 1, ...

We discussed the importance of term insurance in the previous post. But time to discuss on how to select term insurance, sum assured and add-on with the term insurance. Selecting the Right Term Insurance for Your Family is important in personal finance planning. 1). Decide on sum assured: Term insurance for your family and your kid’s education. So select sum ...