FLAME Newsletter - 24 April 2013

If you save towards pension today, you will have a monthly income when you stop working. Even Rs. 100 per month, saved from the age of 30 years onwards would yield an estimated corpus of Rs.1,49,035 @ 8% rate of return, at the age of 60 years.

April 25, 2013 1:40 IST | India Infoline News Service


“In today’s world—with final salary pensions becoming a rarity and state support shrinking—those of working age have a huge degree of uncertainty around their financial futures” - Martin Wheatley, Managing Director, FSA, UK


NPS Lite: Ensuring old age income for all

If you save towards pension today, you will have a monthly income when you stop working. Even Rs. 100 per month, saved from the age of 30 years onwards would yield an estimated corpus of Rs.1,49,035 @ 8% rate of return, at the age of 60 years.

If rate of return is more, the corpus will grow more. The earlier you join, the returns on your savings will be higher. NPS Lite aims at ensuring a pension of at least Rs. 1,000 per month based on your contributions and government support under Swavalamban Scheme… Read more

How to prepare for early retirement

Some little known facts about NPS & NPS Lite

National Pension System or NPS—a defined contribution pension scheme—became operational in 2008-09. NPS is a government-approved pension scheme for Indian citizens in the 18-60 age group. While central and state government employees have to subscribe mandatorily, it’s optional for others.

A defined contribution plan is a type of retirement plan in which fixed contributions are paid into an individual account by employers and employees. The Government of India adopted NPS based on defined contributions in respect of all new entrants to Central Government services, excepting the Armed Forces from 1 January 2004. Pension regulator PFRDA (Pension Fund Regulatory and Development Authority) has also made NPS available to all citizens of India from 1 May 2009 on a voluntary basis… Read more

FAQs on National Pension System

Know more about NPS-Corporate Sector Model

Most of us have surely heard about National Pension System (NPS). We are also aware about the basic features that NPS offers. NPS is a pension plan where you can invest during your working years and withdraw when you retire. A low-cost retirement solution, NPS can turn our retirement savings into a sizeable kitty. However, many people are not aware about the ‘Corporate Model’ of NPS which is designed for workforce employed in the corporate sector. Let us try to know more about NPS-Corporate Sector Model and how it can help us to retire rich… Read more


What is a fractional share?

A fractional share refers to unit of stock that is less than one full share. Fractional shares generally come about from stock splits, bonus shares and similar corporate actions. Fractional shares cannot be acquired from the market… Read more


10 Commandments for Financial Freedom

Everybody in the world wants to gain freedom from the shackles of their money problems. There are various books published on personal finance providing loads of information to us. They are so many books to choose from that eventually you may walk away without buying one. Most of these books contain many difficult financial terms which are difficult for a lay reader to understand. Only a few books aim to explain the concept of personal finance in lucid detail… Read more



Amortisation refers to reduction of an amount at regular intervals over a certain time period. Usually, refers to the reduction of debt by regular payment of loan installments during the life of a loan. Also describes the accounting process of writing off an intangible asset.


Fund houses to implement new IDF norms: SEBI

Investors optimistic about stocks, but focusing on physical assets

Companies to redress investor complaints in a month: SEBI

Infra debt funds can extend scheme term up to 2 yrs: SEBI

New PF rules to reduce take home salary

EPFO settling claims at 8.25% rate on PF deposits for FY13


FLAME (Financial Literacy Agenda for Mass Empowerment) is an IIFL initiative to promote financial literacy amongst the masses in order to make them an integral part of India’s spectacular growth story.

In an era of accelerating GDP and rising per capita growth, financial literacy has become more critical than ever before such that we all reap the tangible benefits of the nation’s economic prosperity. Financial inclusion has been quite high on the governmental agenda, given its emphasis on widening the Banking & Financial services network across the country.

IIFL’s FLAME initiative stands committed to complement this effort by helping common people gain financial growth and security though better awareness and education on the variety of financial products while avoiding the lure of and loss from unrealistic claims made by unscrupulous agents and ponzi schemes.

Our objective is to light a FLAME, as the name suggests, which will set ablaze a chain of FLAMEs across the country. The new-found light of knowledge will undoubtedly dispel the dark clouds of financial illiteracy and ensure the bright sunshine of financial growth and prosperity.

This portal is but one of the various IIFL initiatives that would be part of FLAME.

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