Showing posts from May, 2020

Pradhan Mantri Vaya Vandana Yojana

Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a Pension Scheme announced by the Government of India exclusively for the senior citizens aged 60 years and above which was available from 4th May, 2017 to 31st March, 2020. The scheme is now extended up to 31st March, 2023 for a further period of three years beyond 31st March, 2020. Benefits of the Scheme Following are the major Benifits Scheme provides initially an assured rate of return of 7.40 % per annum for the year 2020-21 per annum and thereafter to be reset every year. Pension is payable at the end of each period, during the policy term of 10 years, as per the frequency of monthly/ quarterly/ half-yearly/ yearly as chosen by the pensioner at the time of purchase. The scheme is exempted from GST. On survival of the pensioner to the end of the policy term of 10 years, Purchase price along with final pension installment shall be payable. Loan upto 75% of Purchase Price shall be allowed after 3 policy

Which is better Investment plan PPF or VPF?

PPF V/s VPF Planning for retirement starts with thinking about your retirement goals and how long you have to meet them. You need to start early so that you have enough time to save and invest. Once you have your retirement corpus, investment/saving horizon all mapped out, it is time to choose an investment vehicle which will help you reach your goal. Note that it is extremely important to choose an option which will offer you inflation-beating returns. Even though the features of the PPF and VPF seem similar, the biggest difference between PPF and VPF is that PPF can be availed by self-employed persons and employees from unorganized sectors, while VPF is only available for salaried individuals. PPF stands for Public Provident Fund and VPF  for Voluntary Provident Fund. Both are financial instruments offered by the Government of India to help you save for your retirement. By investing in these schemes, you can receive assured returns on your savings. Well, before inve

Rare Images of Indian History

I will show you some rare images of Indian History Miss World 1994 winner Aishwarya Rai Air India advertisement with Zeenat Aman as their poster girl. Maharani Gayatri Devi,  The most beautiful Indian woman of all time by the Vogue Magazine Former Chief Minister of Tamil Nadu, Jayalalithaa. Tata Airlines(Now Air India)’s first flight. Lal Bahadur Shastri doing office work while being in flight and even while posing for a portrait painting. Vasectomy clinic in Delhi during Emergency in 1976. In 1991, Modi helping Advani to file nomination from Gandhinagar and Amit Shah watching from standing line. India’s first cabinet…During lunch break. A rare picture of Gandhi Ji checking his weight. Dr Rajendra Prasad, the first president of India taking the oath of president at Rashtrapati Bhawan for the first time on 26 January 1950. In the year 1978, Morarji Desai had also banned the high denominat

Investment Options for Senior Citizens in India

Investment Options for Senior Citizens Retirement is an important stage in every once life. Everybody, whether self-employed or salaried, expects to secure their lives post-retirement. This article discusses everything you need to know about various investment options post-retirement for senior citizens. Senior citizens who are retired from their work may have two options or situation from which they have to earn during their non working days. Some may get Pension for their living and some corpus from their firms (Govt. or private) Some do not get Pension but got good corpus which they have to utilize/invest to earn their monthly expenses As per my opinion senior citizens should not take risk by investing their money in to stock market or in Mutual funds, because they can’t wait to recover their money if the market falls suddenly. And also the stock market can’t provide them consistent returns or monthly income to cater their needs. Hence government of Indi

Atal Pension Yojana (Earn Rs. 5000/month fixed pension by investing only Rs. 210/month)

Atal Pension Yojana Introduction The Government of India announced the introduction of universal social security schemes in the Insurance and Pension sectors for all Indians, specially the poor and the under-privileged, in the Budget for the year 2015-16. Therefore, it has been announced that the Government will launch the Atal Pension Yojana (APY), which will provide a defined pension, depending on the contribution, and its period. The APY will be focussed on all citizens in the unorganised sector, who join the National Pension System (NPS) administered by the Pension Fund Regulatory and Development Authority (PFRDA). Under the APY, the subscribers would receive the fixed minimum pension of Rs. 1000 per month, Rs. 2000 per month, Rs. 3000 per month, Rs. 4000 per month, Rs. 5000 per month, at the age of 60 years, depending on their contributions, which itself would be based on the age of joining the APY. And this scheme was launched on 1 st June 2015. Investing