Personal Finance Blog
One of the recent euphorias from many of us is about MCLR and its impact on our EMI. Whether I should switch from the existing loan to MCLR based loans? There is a lot of confusion as the concept is new and common people can't understand the terms used. Hence, let us simplify and understand this concept.All loans sanctioned and credit limits … [Continue reading]
Many of us are unaware that EPF Withdrawal or Advance for Medical Expenses is very much possible. Earlier the rules are bit strict. Now the rules are eased for all members. Let us see how to use this option.During this new updates, EPFO not changed all the rules. But removed only a few clauses to it. I will try to explain everything as per the … [Continue reading]
LIC will be launching one more new plan from 16th May 2017. This plan is called as LIC's Jeevan Umang (Plan No.845). This is the typical whole life plan.LIC's Jeevan Umang (Plan No.845) is a non-linked, with-profits, whole life assurance plan. This plan is the replica of the old closed plan of LIC (Jeevan Tarang Plan No. 178). Features and … [Continue reading]
P V Subramanyam is the personality whom I personally feel as my mentor. He is conducting a workshop in Bangalore. It is my pleasure to share this event with all my blog readers.I follow many people as my mentors. I follow their philosophy of investment. Among all of them, P V Subramanyam tops the list.He is CA by qualification and … [Continue reading]
Effective from 10th July 2017, RBI will be going to introduce the new NEFT Timings. Let us see the changes. It is I think will be in the right way and hugely impact all of us in many ways. What is the meaning of NEFT or National Electronic Funds Transfer? It is a nationwide payment system facilitating one-to-one fund transfers. Using this … [Continue reading]
As it was promised by Ministry Of Finance, during the Budget 2017, the Government has announced Pradhan Mantri Vaya Vandana Yojana (PMVVY). This is available from LIC with 8% guaranteed pension plan.Let us see the features of this scheme. Features and eligibility conditions of Pradhan Mantri Vaya Vandana Yojana # Minimum Age at entry … [Continue reading]
On 1st May 2017, EPFO announced the launch of the facility to withdraw EPF and EPS online. Let us see the procedure and conditions of online EPF withdrawal facility in detail.As of now, it is a tedious task to apply for withdrawal. The process involved physical application to move from one authority to another authority. Usually, this whole … [Continue reading]
LIC will launch one more new plan from 24th April 2017. This plan is called LIC's New Plan Aadhaar Stambh (No.843). Let us see it's features, benefits, and review.Along with this plan, LIC launched one more new plan "LIC's New Plan Aadhaar Shila (No.844)" Refer the complete post on this at "LIC's New Plan Aadhaar Shila (No.844) - Features, … [Continue reading]