List of Financial Planning Articles

Memorandum of Association is a legal document explaining why an organization was created. Learn about the its meaning, its clauses, and more here.

If you have a big sum of 1 crore rupees with you, try to invest it in good ways to generate more wealth out of it. Like it is said money makes money with an investment. One must look up to all the available option to enhance the wealth.

The key benefit of GPA insurance policy is that it provides compensation in the event of death or disability of an insured employee directly due to accident.

A cheque deposited in a bank can be rejected for reasons ranging from an incorrect date to a spelling error. Then there are the numerous cheques that are lost in transit you put it in the drop box, but it never turns up for processing at the bank branch.

ndian families love to talk to their children about history, culture, mythology, values, ethics, character, etc. Ask them to discuss money with their kids, and they feel their children are not old enough. Let us face it; your child does not have to have a prodigy to learn basic financial literacy.

You must have often wondered as to what is the need of financial planning for individuals. One common question is who needs financial planning? Does it apply to everyone or is it only for certain age groups or certain income and wealth categories.

In the last few years, financial planning has emerged as the gateway to your financial future. Here we look at the components of financial planning and what it entails. We also look at the components of a financial plan in terms of the steps to achieve your financial goals in life.

Bond yields are a bit tricky to understand. Bond yield is the interest that a bond pays divided by the current market price of the bond. Take a 5 year bond that has a face value of Rs 100 and pays interest rate at the rate of 10% annually.

One of the basic steps is that before depositing the cheque, inform the issuer and ask them to ensure the account is funded. You can also back this up with an email for your records. What is the recourse, if a cheque received by me bounces? This is a common problem that most of us have faced at some point of time. We issue post […]

The day of the annual budget speech is an important day for all Indians. The budget speech gives people an idea of their tax liabilities for the year. The budget speech also affects the prices of property, vehicles, electronic goods - therefore having an impact on people’s purchasing decisions.

Fiscal policy is concerned with the revenues and expenditures of the government. It is therefore also concerned with taxation. This is different from monetary policy. Monetary policy is conducted by central banks. It is concerned with demand and supply of money.

Life is an endless chain of actions that you undertake daily. Yet, one thing is certain, most of these actions are directed towards your goal of achieving financial freedom

A financial plan is a statement of your life goals with a clear financial implication and a plan to achieve them. The problem with wealth creation is that unless you know where you want to reach, it does not matter how fast you run. Set targets for your retirement, your children's education, your equity portfolio, etc.

Per capita, income is an important economic indicator used to measure the average income earned per person in a country or region over a specific period. It provides insight into a population’s standard of living and economic well-being. This article will explain what per capita income is, the formula for calculating it, why it is significant, and the limitations of this measurement. What is Per […]

A financial planner is a kind of friend, philosopher and guide who helps you meet your long term financial goals

The stock exchanges having nationwide terminals should provide arbitration facility (i.e arbitration as well as appellate arbitration) at least at all centres specified by SEBI from time to time, SEBI said in a circular on Friday.

Small finance banks came into existence only recently. The first small finance bank (SFB) of India, Capital Small Finance Bank, started operating in 2016. An SFB is meant to increase financial inclusion in the country. Therefore, at least 25% of the branches of any small finance bank should be located in rural areas where banking services are absent or not prevalent. 75% of the loans given by a small finance bank should be to priority sectors identified by RBI.

Pension plans serve as a means of financial stability and security after retirement. It is an insurance plan providing financial coverage for your old age and is sponsored by the company fund. In other words,

having payments banks is to increase financial inclusion in remote parts of the country, where there are no physical bank branches. Most payments banks predominantly operate digitally. Customers mainly use them through their mobile apps. Payments banks have very limited number of physical branches.

An insurance policy is a legal document issued by the insurance company and outlines the terms and conditions of the insurance contract. If it is misplaced, lost or damaged, wholly or partially, an application has to be filed for the issuance of a duplicate policy document by following the prescribed procedure, which may vary across insurers.

A lack of basic financial education leaves many young adults mystified about money management. When you begin earning, you may realise that as a young adult, you have more disposable income that you can invest, than you’d have later in life.

Is there a difference between electronic and digital signature? Yes, though many people often use the terms interchangeably. But on a closer analysis it can be noticed that the term electronic signature is very wide and ‘digital signature is only one kind of electronic signature

It is collected fractionally, via a system of deductions whereby taxable persons can deduct from their VAT liability the amount of tax they have paid to other taxable persons on purchases for their business activities. This mechanism ensures that the tax is neutral regardless of how many transactions are involved.

In property insurance, you invariably come across the term acts of god which are covered under the insurance policy. The term simply means natural disasters or calamities which are beyond human control and which cannot be caused by human beings.

If you have understood what is a financial plan, that is just part of the job. The real job is to get down to the brass tacks.

Card Protection Plans (CPPs) to safeguard the interests of card holders. The plan aims to secure a person against the odds of losing his card, be it financial or non-financial. This way, an individual secures not only his credit or debit card from theft but also other cards like Pan Card, driving license or membership cards.

While buying daily hospitalisation cash plan, you need to keep an eye on sub-limits, particularly the ones specifying the maximum number of days spent for hospitalisation in a year

Securities and Exchange Board of India (SEBI) has asked Depository Participants to refund balance AMC. The Depository Participants (DPs) have a system of collecting account maintenance charge (AMC) from beneficial owners (BOs) towards maintenance of demat accounts for varied periodicity of collection (viz.monthly, quarterly, half yearly and annually).

The good thing is that a lot of investors, especially among the younger generation, are appreciating the importance of financial planning quite early.

Learn about revenue expenditure with our analysis. Explore essential insights, trends, and strategic approaches for effective financial management.

Having understood the concept of financial planning and the process flow, let us come to the tools for financial planning.

There are different types of inflations like Creeping Inflation,Galloping Inflation, Hyperinflation, Stagflation, Deflation.

Everyone wishes for a financially secure and comfortable future. Whether it is buying a house, taking vacations, engaging in higher education, marriage or even post-retirement comfort, is all a consequence of financial prudence.

Open any newspaper today and you are likely to be bombarded with bank advertisements encouraging you to invest in their fixed deposits (FDs). Each bank is trying to out-do the other by offering very lucrative interest rates.

Systematic Investment Plan (SIP) provides you a disciplined approach to investment and that too at a very nominal amount to start with. All you need to do is quantify the amount for whatever you are planning to buy, based on which you can plan your SIP amount.

Financial planning is not just a one-off activity. It is a summation of a number of different types of plans, which actually constitute the sub-plans of the overall financial plan.

Analysing the trends of the Indian market, the report shows that with a median gross salary of RS.291finance is the second most lucrative sector. Employees in this field are highly educated, and for these it reflects in their salaries with an average of ₹300 per hour.

Free Cash Flow (FCF) is the cash a company generates after covering operational and capital expenses. Discover its types, calculation, and significance in our guide at India Infoline.

Ever since COVID 19 Pandemic hit us, it changed our lifestyles, our thought process our outlook, approach and the whole scenario, drastically across the globe. None of us had ever imagined the times that we are living in.

Financial Planning is an essential portion of both personal and organisational financial management. Additionally, having a plan in place is the first function of management.

Shareholders receive dividends — a portion of the current company profits — by investing in the shares of a company. This can be done in many different ways, including receiving additional stock or cash payments.

A 401(K) plan is popularly known as an employer-sponsored retirement plan to which certain eligible employees based on pre-set criteria can make tax-deferred contributions from their salary or wages.

In financial parlance we often tend to confuse with terminologies. We often get confused in financial planning vs wealth management. But there a substantial difference between them. At a broad level, one can say that financial planning is the all-encompassing umbrella while wealth management is one such specialized focused practice targeted at high net worth individuals.

The guidelines regarding the risk weights that have to be assigned to the different types of loans are given by Bank of International Settlements (BIS). Central banks can have risk weight- asset guidelines for their respective countries, based on BIS guidelines.

Profit vs Loss Ratio is one of the most important tools in strategic investing and is used by mostly every experienced investor. It allows an investor to limit his/her losses and increase the profits.

It is said that a financial plan is the framework on which your financial future is based. Better the financial plan and the more robust the implementation, the better the output and the better the chances of meeting your life goals.

Fixed deposits (FDs) have been traditionally quite popular with investors looking for safety. FDs offer the benefit of assured returns. Broadly, there are two types of FDs. The more popular FDs are the bank fixed deposits that are lower on the risk scale.

Have you ever wondered as to what are the advantages of financial planning? There are a few things you can infer right away.

Cancer is an unfortunate disease which could surround anybody without a knock at the door. Cancer not only deteriorates the physical health, but also impacts the financial health of the patient as getting it treated is an expensive proposition.

When you are in need of cash, the bank allows you two options. You can choose a personal loan or use the overdraft facility. When you opt for a personal loan, it is not secured against an asset like your home or your car, and hence it is also called as an unsecured loan. If you choose the overdraft facility you can borrow money through your bank's current account.

Remember the last time your young relative died in an accident and all of you had to fly immediately paying sky-high airfares.

The word haircut is not only used in the world of hairs. It is also used in the world of finance. A haircut has two meanings in finance. One meaning is the value by which the asset that you have placed as collateral is reduced when a loan is being given against that asset.

Are equity investments really tax-efficient? That is a question that many investors have. To begin with, equity investment is not your typical Section 80C investment that gives you a tax exemption. But there are quite a few benefits that you can avail from investing in equities. Let us look at some of them.

Financial crises, over the years, have forced many to rethink their decisions of continuing a vulnerable job and prompted others to start their own ventures. However, the requirement of an initial capital to start a business have discouraged many without any investible surplus.

The RERA Act is considered as one of the landmark legislations passed by the Indian Parliament. Its objective is to address grievances of buyers and to bring transparency and accountability in country’s real estate sector. This is in line with the vast and growing economy of India as in future many people will be investing in real estate sector.

In the midst of our busy schedules, we often forget to make timely payment of insurance premiums. Remember, insurance is a risk cover which is disproportionately larger than the premium paid. Hence, it is essential to pay premiums on time to keep the policy in force. If your policy has lapsed due to non-payment of premiums, then your death claims or health claims, as the […]

There are two dimensions to the 7th Pay Matrix table. With numbers assigned from 1 to 18, every level corresponds to a functional role in the hierarchy, under the horizontal range.

People tend to carry all their credit and debit cards in their wallet. It may be a tad risky, but it is so much more convenient. Sounds good; till you actually end up losing your wallet! Nowadays, people don’t carry too much of cash as access to cash is much easier and most payments are done digitally. The real risk in losing your wallet is losing your debit cards and credit cards as they have monetary value embedded in them.

Never give up is the key to being successful. Successful people are those who waded through their difficulties and overcame them to reach where they are today. The only thing that made them rich was that they didn't give up, even when life wanted them to.

The popularity of Swiss banks may leave one wondering on the process of opening accounts in these banks. The quest is over as here is the roadmap to opening a Swiss Bank Account.

A cheque issued by you can be dishonoured by the bank for various reasons. There could be an overwriting on the cheque, which makes the cheque invalid. Alternatively, there could be a mismatch between the master signature in the bank records and your signature on the cheque.

As a retail banking customer, you should be aware of these terminologies that can benefit you in educating yourself about banking and finances.We have compiled a list of 10 basic terminologies that anyone associated with Indian banking should be aware of. So, let us get started and understand the meaning of each of these:

The Economic Survey suggests that higher retirement age is essential for the sustainability of the current pension system. Add to that, 7 in every 10 working individuals in the country expect financial support from their children post their retirement.

Death of a loved one brings with it pain and dissolution to the family, nevertheless life continues. Often when the departed is a parent, they leave not only their assets but also their liabilities. Here are 5 pointers on how to handle credit card debts of a deceased loved one.

There are two scenarios here. If the transaction has happened due to the lack of due diligence or fraud by some employee of the bank, your liability is zero. One way to prove such charges is to ensure that all online credit card transactions are only approved based on the OTP received on the mobile.

A rental / lease agreement is a legal document stating that owner and the tenant agree to follow the rental rules and the deal. Typically, a rent agreement is prepared by the real estate agent hired by the landlord and the tenant. To validate the agreement, both the landlord and the tenant ought to sign the agreement in the presence of two people who are non-beneficiaries of the property and will sign on the agreement as witnesses. In most cases the real estate agent doubles as one of the witnesses.

Any Indian person or entity that supplies goods or services anywhere in the country with an annual aggregate turnover over Rs40 lakhs is required to obtain GST registration. In states like Manipur, Assam and Nagaland, the aggregate turnover limit is Rs 10 lakhs. Other than the aggregate turnover criteria, an individual or entity may also be required to obtain GST registration if they undertake interstate […]

Financial literacy is understanding how money works: how you make, manage, invest and expand it.

India had numerous acts in place to punish the defaulters like the Indian Contract Act, the Recovery of debts due to Banks and Financial Institution Act 1993, the Securitizations and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA). The Government decided to replace the existing insolvency laws with new stringent laws which would take care of the existing defaulters in a time bound manner.

Certificate of Deposit or CD is a fixed-income financial instrument governed under the Reserve Bank and India (RBI) issued in a dematerialized form.

With the changing socio-economic situation, increasing globalization and turbulent political scenario, the nature of employment and jobs have become uncertain.

Certificate of Deposit or CD is a fixed-income financial instrument governed under the Reserve Bank of India issued in a dematerialized form where the amount at withdrawal is assured from the beginning.

Memorandum of Association is a legal document explaining why an organization was created. Learn about the its meaning, its clauses, and more here.

The most important and commonly used method to control inflation is monetary policy of the Central Bank. Most central banks use high interest rates as the traditional way to fight or prevent inflation.

One of the common problems people face is when an account holder in the family dies without appointing a nominee. Today, when you open a bank account or a demat account or even buy mutual funds, it is mandatory to appoint a nominee. In case you choose not to name a nominee, you must mention the reason why you don’t want to appoint a nominee.

Now you can check EPF balance in absolutely no time by either using Employees' Provident Fund portal, by an SMS, by giving a missed call, or even using the EPFO app.

Tax deducted at source (TDS) is the practice of reducing tax evasion and spillage by making it mandatory to deduct TDS from payments at pre-defined rates. Whether your employer pays you salary, or your client pays you fees or the bank pays you interest on deposits; there are clear rules and rates prescribed for deduction of TDS.

Banks are like any other business and therefore you can file a complaint against them—if you are not satisfied with their services. Filing a complaint also helps you, to make sure that next time you won’t have any bad experience with them. However, for a filing a complaint against a bank you first need to know the right process.

What is meant by Quantitative Easing? Quantitative Easing (QE) is when the central bank of a country buys securities from the broader market to increase the supply of money so that interest rates can be brought down. The sellers of these securities are usually banks and other large financial institutions. Now when they sell these securities and the central bank buys from them, they get […]

The Central Government amended the Payment of Gratuity Act of 1972 under the 7th Central Pay Commission roll out in 2017. Under the amendment, the ceiling on tax free gratuity was doubled to Rs20 lakhs from Rs10 lakhs earlier.

To avoid these kinds of situations, what is important is to maintain consistency of the name you want to use and keep it consistent across all documents. For example, if you opt to use your maiden name after marriage, make it consistent across all documents.

A defined contribution plan is a type of retirement plan in which fixed contributions are paid into an individual account by employers and employees.

If you have a big sum of 1 crore rupees with you, try to invest it in good ways to generate more wealth out of it. Like it is said money makes money with an investment. One must look up to all the available option to enhance the wealth.