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How to Apply for a PRAN Card Online? Investing is not only a way to increase your money; it is also a way to ensure your retirement. While there are numerous plans available to meet your retirement goals, NPS is a popular alternative on which many people rely. Its popularity extends beyond retirement advantages, as you may profit from tax reductions at the time of investment and maturity. However, before making any investment, it is critical to understand the investment process. This knowledge can help you have a smooth investment experience. NPS Fundamentals The PRAN card is an important piece of information to understand while investing in NPS. PRAN, which stands for Permanent Account Number, is a 12-digit number assigned to your NPS account. For both Tier I and Tier II accounts, this is a lifetime number. You may check the balance in your NPS account at any time and from any location using your PRAN card. This also allows you to update critical information, making it an important el...

Is your Health Policy Good or Not? Know Here A health insurance plan covers your routine medical bills as well as hospitalization, outpatient care, ambulance services, and other fees without depleting your funds. You merely need to pay the necessary premium. You can even receive a tax deduction for up to 25,000 on the premium paid until the age of 60. Section 80D of the Income Tax Act allows for this. In the event of a medical emergency, a health insurance plan can cover even the most expensive procedures. As a result, you may be treated promptly and properly without having to worry about fees or a lack of money. You can then concentrate on your health, and less financial stress can help you recover faster. It is true that a catastrophic sickness in the family might deplete all funds and force the family into debt. As a result, proper health insurance coverage and the right health insurance policy are now required. There has also been an unusual increase in the occurrence of critical i...

This way you can Avoid Rejection of Loan  Lenders evaluate loan applications based on a number of characteristics. The loan applicant's credit score, monthly income, work profile, and employer profile are the most important. Those who do not meet the lender's eligibility requirements may have their loan applications denied. Here are some pointers to help you on how to avoid loan rejection : Work to Improve Your Credit Score One of the most important stages in improving your loan eligibility is to build and maintain a decent credit score. Lenders often prefer to lend to persons with credit scores of 750 or above. Those with a lower credit score, on the other hand, are said to lack credit discipline and, as a result, are more likely to fail on repayments. Those seeking loans should concentrate on establishing and maintaining a good credit score by practicing healthy financial habits such as timely repayment of EMIs and credit card bills, keeping their credit utilization ratio (CU...

How to Introduce Financial Planning to Your Children? As adults, many of us have a poor knowledge of money and hence have a difficult relationship with it. This connection is frequently characterized by our earliest experiences with money. As children, we are impacted by our family's financial situation, our parents' and family members' saving, spending, and investment habits, as well as their attitude and behavior toward money. It is thus prudent for parents to have a formal and defined strategy when exposing their children to money and how to handle it in order to lead a decent life. So, what is the appropriate age to begin exposing children to the notion of money, and how should it be done? Here we present how to introduce financial planning to your children or a few ideas for teaching children about money from an early age. Ages 2 – 4: Around the age of two, children begin noticing and recording information. Play shopping games with them to introduce children to money....

Beginners Guide to Investing in Mutual Funds The initial step toward investing in your first mutual fund is unique since you are accumulating funds for your objective. A goal without a strategy or knowledge, on the other hand, is just a desire. Because the mutual fund world is vast and diversified, most new investors are unsure of how to proceed. A comprehensive comprehension of these concepts can aid you in the investment process and guarantee you place a successful wager. Here we present beginners guide to investing in mutual funds : Understand Your Objective It is critical that you have a clear grasp of your aim before investing in your selected fund. Every mutual fund serves a distinct function, and it's critical that you have a comprehensive understanding of the goal you want to attain. Knowing it will help you choose the best fund. For example, if you want to save for an emergency, you may rely on liquid cash. If your objective is to save money for a down payment on a car or ...

Real Estate Investment Tips for Beginners As a country motivated by goals, pandemic or otherwise, buying a home has long been a key objective for Indians. This might be attributed to a variety of variables, one of which being that Indians are by nature security-conscious, and real estate is one of the most trusted investment possibilities. Despite the epidemic, this business has seen a rise in interest in purchasing homes. So, if you're considering about making a real estate investment, read up on some of the suggestions offered by professionals for real estate investment tips for beginners to comprehend the fundamental financial components of property purchase: Track your monthly expenses:  Have you determined how much money you spend on average each month? If you haven't already, this is an excellent moment because it will provide you a clear picture of your current and future financial situation. Maintenance payments, personal loans, insurance, and utilities are all necessa...

Why Real Estate is the Best Option for Long-Term Investment When we think about the future, we think about saving and finding new methods to increase our income and wealth. Fixed deposits, mutual funds, gold, the stock market, and venture capital are all viable investment possibilities for citizens, but nothing compares to real estate. Real estate is often recognized as one of the world's safest investment markets. Even after some temporary hiccups, it remains the biggest investment opportunity - and will grow over time. The average income in the majority of Indian cities has increased as a result of a large economic growth, giving us with a motivation to plan for the future, making real estate the ideal investment option . Buying a property in India delivers an innately high level of emotional fulfillment and delight. The good news is that the Indian real estate market has already begun to recover after reaching rock bottom in recent quarters. Due to the shortage of land in many ...

This is the Rental Property Checklist for Landlords Many individuals believe that renting out their house is a simple process. People contemplate renting out their home in order to supplement their monthly income and enhance their standard of living. What most people don't realize is that renting out your home may be a time-consuming process that entails locating the perfect renter, negotiating money, and a variety of other tasks. Here are 12 things to be taken care of for rental property checklist for landlords . 1. Engage the Services of a Financial Negotiation Expert Converting your home into a rental property may appear to be a simple operation, but there are several details to consider. It is advisable to contact a real estate attorney to negotiate funds and ensure compliance with tax regulations, zoning ordinances, and local property standards. 2. Complete your tenant's police verification. The Indian Penal Code (IPC) has a clause that might result in the landlord being c...

8 Things to Look for in Credit Card Statement Credit cards have become a vital part of everyday life as an easy-to-pay alternative for most daily purchases, making transactions simple by reducing the burden of carrying cash in our pockets. The number of credit card users in India increased to 52 million in 2019 and is predicted to expand at a CAGR of more than 25% between 2020 and 2025. The nicest thing about credit cards is that they are more secure and safer than debit cards, since they provide greater protection against purchases made online or in physical places. They also have other advantages, such as international acceptance, payback points, incentives, cash withdrawal from ATMs like debit cards, ease of use during crises, and so on. If you use plastic, it's critical that you comprehend the credit card statement you receive at the conclusion of your payment period. Here are eight things you must check in your credit card statement : 1) Account Summary:  When you receive your...

How to Avoid the Credit Card Debt Trap For people who have good money management skills and are disciplined with their spending, a credit card is a great tool for saving money and improving credit. However, many see it as a shortcut to the debt trap. People who get trapped in credit card debt typically do so by paying expensive financing fees on past-due balances. Let's look at some advice that will assist you from paying exorbitant finance fees while using credit cards.- How to avoid Credit Card Debt Trap Spend just what you can afford to repay If cardholders don't pay their balance by the due date, credit card issuers will assess financing fees. Additionally, unless the current debts are paid off, this may result in the cancellation of the interest-free period for any future credit card purchases. Additionally, if cardholders are unable to pay back the minimum amount due within the allotted time frame, the card issuers assess late payment costs. This can reduce their credit s...

Why it's important to have health insurance while you're young Our parents frequently tell us to save money or have a backup plan in case of crises. We are urged to invest in assets like fixed deposits, mutual funds, and life and health insurance plans. However, while we are young, activities like binge-watching our favorite television series, working out at the gym, and similar activities appear more significant to us. They help us feel content and healthy. We live by the maxims of loving and being happy with ourselves. You might think it is superfluous and odd to start saving for a pension fund in your early 20s. However, it's crucial to do things like have a health insurance plan and save money for a child's education. It is the most shrewd strategy you can use to manage your money. Your funds might be protected with a health insurance coverage. Purchasing a quality health insurance plan Health problems and crises can happen at any time in life, regardless of age or ...

Different Types of Third Party Insurance You may pay the costs of repairing damages or replacing lost items in your house using an insurance policy. However, you also need insurance coverage in case there are any injuries or losses to other persons. Therefore, a third-party insurance policy is one that is bought as protection from another party's claims. Automobile insurance is the sort of third-party insurance that is most often used. The several forms of third-party insurance are described here. Third Party Accident Insurance Consider the scenario when you make an accident claim after being in an accident. You are the first party covered in this scenario by the insurance provider, who is regarded as the second party. The second driver involved in the collision will therefore be regarded as a third party. If someone else is at blame, you deal with their insurance provider to prevent having your policy's premiums go up because you weren't at fault. This process can take lo...

These are the Pros of Investing in Startups A start-up is a business that has the potential to find, create, and prove a scalable business. India has the third-largest start-up ecosystem in the world. To date, the country boasts more than 50000 start-ups. Investing in promising start-ups will allow them to stand out in the market, resulting in rewards for the investor. The following are the primary benefits of investing in start-ups . Investing in the Beginning Investing in a start-up during its early stages will benefit the investor more since it will generate greater profit and share ownership in the start-up than investing later. Investing early in a start-up not only promises larger profits, but also ensures the investor takes decisions and provides advise to the start-up. Investing in a start-up is risky, but if the venture succeeds, the returns will exceed the initial investment. High-Risk High Return Because start-ups are just companies in their early stages of development, ther...

How to File e-Nomination for PF Account? The government supports the Provident Fund (PF) plan as a mandatory deduction for paid employees. The Employees' Provident Fund Organisation (EPFO) manages the corpus. EPFO has launched an online nomination tool for member workers as part of the government's Digital India goal for a cashless economy. Employees must update and link their KYC information (Aadhar, PAN, and bank account details) in the UAN site. This requires a 12-digit unique number provided to each employee who contributes to the EPF. The member's image should be displayed on the EPF portal's online profile. The procedure of filing the online nomination for PF accounts, on the other hand, has proven to be difficult, with several technological snags, a lack of upgrading, and a lack of a more user-friendly interface. See below on how to file e-nomination for pf account . Let's see how it goes. To access his or her EPF account, the member must go to https://unifie...

How to Earn Money from Amazon? Making money with Amazon is one of the finest ways to get money online these days, whether it's to supplement your salary or to be your sole source of income following the Covid-19 epidemic. Given that Amazon is the leading e-commerce store in the United States, with a net sales figure of roughly $386 billion in 2020, it's a perfect chance for individuals who wish to become eCommerce sellers and earn money from Amazon. This article explains ways to make money on Amazon by selling and even without selling: Sign up for Amazon FBA Once you sign up for FBA or Fulfillment by Amazon, Amazon is responsible for your items' warehousing (storage, selecting, and packaging), shipping, returns, and refunds. To begin selling using FBA, you must first locate a product (for example, from Alibaba), enhance it, and label it with your private brand. Sign up for Amazon Seller Central and enter your product details. Ship your things to Amazon, and their fulfillme...

How to check Income Tax Refund Status? Tax refunds are available to taxpayers whose tax payments exceed their actual tax due. When taxpayers seek refunds on their income tax returns, the tax department processes them and notifies the taxpayers via the CPC of the refund amount to which they are entitled under Section 143(1). The CPC processes your tax refund within 20 to 45 days after receiving your income tax return (ITR). If you haven't gotten your refund, the first step is to check the status on the e-filing site or NSDL. How to Check Income Tax Refund Status Via E-Filing Portal? These are the steps you need to take to know income tax refund status check : Visit the official Income tax e-filing portal - https://www.incometax.gov.in/iec/foportal/ Log in to the e-Filing website using your User ID, Password, Date of Birth/Date of Incorporation, and enter the Captcha. Navigate to the "My Account" section and click on "Refund/Demand Status." Select "Income Tax...

How to Invest Money Wisely in India? You can make an income to live comfortably by working as a paid employee, a business owner, or a professional. And you probably still have some money left over after covering all of your urgent expenses. What will you do with this extra cash? Do you treat yourself to certain luxuries? Do you keep it in cash or do you deposit it in your bank? Or do you use it wisely so you can get a respectable return? At this point, the query " how to invest money " is raised. Just as crucial as having a source of income is investing your money. By assisting you in attaining your financial objectives for the now and the future, wise investments aid in the financial security of your life. You may increase your wealth, develop a second source of income, and get returns that outperform inflation by investing. After retirement, when your normal income quits, it guarantees that you continue to live well. What are the types of Investments in India? Understanding...