Author: Naresh Saini

Many salaried employees in India have a Provident Fund (PF) account, where employees and employers contribute monthly. These savings become a helpful fund for emergencies, but many are still confused about how and when to withdraw money while still working. The Employees’ Provident Fund Organisation (EPFO) clearly defines PF withdrawal rules and conditions. Let’s break it down into simple language so you understand when and how much you can take from your PF account. ✅ PF Advance Withdrawal for Marriage You can withdraw money from your PF account for marriage purposes — your own, sibling’s, or child’s. But there are…

Many young people in India now dream of retiring early — some even before 55. But retirement planning is not easy. Questions like “How much money will I need?”, “How long will it last?” and “What if expenses rise?” can confuse anyone. That’s where the 4% rule comes in — a simple method to figure out how much you must save before you stop working. This method is popular in financial planning circles across the world. However, experts say that unquestioningly trusting this rule can create problems later. So, let’s break it down, understand how it works, and what you…

Many dream of financial freedom before the traditional retirement age of 58 or 60. With thoughtful financial planning, this dream is achievable in today’s world. One such way is using a Systematic Withdrawal Plan (SWP) through mutual funds. It’s a simple and powerful tool for monthly income, especially after building a strong investment base over the long term. Let’s understand how a Rs. 10 lakh investment today can help you build a fund big enough to get Rs. 1 lakh per month for 20 years. What is a SWP (Systematic Withdrawal Plan)? A Systematic Withdrawal Plan (SWP) is a method…

Planning for retirement is one of the most important financial steps in life. After working hard for years, everyone wants to live a peaceful and financially independent life in old age. For this, a stable monthly income is essential. In India, the Life Insurance Corporation of India (LIC) has been one of the most trusted names for pension and retirement plans. However, with multiple options available, many people get confused about which LIC retirement plan can give them a regular income of Rs. 1 lakh. In this article, we will explain everything and help you choose the best LIC retirement…

Many young professionals begin their careers excitedly but often ignore some essential paperwork. One such crucial matter is the Employees’ Provident Fund (EPF). As soon as you start your first job, you should handle EPF-related tasks without any delay. This ensures smooth salary deductions and future withdrawals. Here is a complete and straightforward guide to help you understand what to do with your EPF account after joining your first job. Check If Your Company Offers EPF When you start working, check with your HR if your employer comes under EPFO rules. Fill out Form 11 Carefully Your HR will ask…

India is moving fast to become a global startup hub. Big cities like Bengaluru and Mumbai have earned places among the top 50 startup cities in the world, according to PitchBook’s Global Venture Capital Ecosystem Ranking 2024. In March 2024, Prime Minister Narendra Modi also said at the Startup Mahakumbh that India now has the third-largest startup ecosystem in the world. But starting a business needs more than an idea, funds. Most young entrepreneurs struggle to arrange money to take their ideas to the next level. To solve this problem, the Government of India has launched several easy loan schemes,…

Employees’ Provident Fund Organisation (EPFO) had declared an 8.25% interest rate for the financial year 2024-25 in February 2024. However, many EPF account holders still haven’t seen the interest added to their passbooks. Because of this delay, people are asking — will they lose any interest? Will next year’s compound interest be lower because of this? Will You Get Less Interest Due to a Delay in Credit? Let’s understand this with a simple example. If a bank gives you interest on time, then next year, you earn more interest on that total amount. This is called compound interest. If the…

The Indian government offers farmers a golden chance through the PM Kusum Yojana. By installing solar pumps with a 60% subsidy and using just 10% of their own money, farmers can generate free irrigation electricity and sell extra power to the grid. This solar solution is not just about saving energy; it brings long-term income for farmers, protects the environment, and helps reduce dependency on diesel. The PM Kusum Yojana (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan), launched in 2019 by the Ministry of New and Renewable Energy (MNRE), has become one of the most farmer-friendly schemes in recent…

Getting your first job is a proud milestone. Whether you’re 21 or 27, entering the workforce gives you financial freedom and a sense of independence. Your first salary feels like a reward for all those years of hard work. But as exciting as it may be, this new chapter also brings serious responsibilities, especially with money. Many young earners unknowingly make mistakes that can affect their financial health for years. Poor choices in your 20s can delay your dreams of buying a house, travelling, or retiring early. That’s why handling money wisely from the start is essential. This article will…

The Government of India has implemented the Direct Benefit Transfer (DBT) system to streamline the distribution of subsidies and financial assistance. Under this system, funds from various welfare schemes are directly credited to the beneficiaries’ bank accounts, minimizing delays and leakages. Key Requirements for Receiving Scheme Installments To ensure that you receive the installments from government schemes without any issues, consider the following steps: 1. Maintain an Active Bank Account Ensure that you have an active savings bank account. Accounts opened under the Pradhan Mantri Jan-Dhan Yojana (PMJDY) are especially beneficial, as they are designed to facilitate direct transfers. 2.…