Term Insurance Term Insurance is designed to provide financial protection to your beneficiaries in the event of your death during the term of the policy. Key points about Term Insurance : 1. Duration: Term insurance policies are typically available for terms ranging from 5 to 30 years, although some insurers offer terms of up… Read More »
Bank Loan Getting a personal bank loan typically involves several steps. Here is a basic guide to help you about the process: 1. Check your credit score: Prior to seeking a loan, it’s crucial to know your credit score. Banks use this to determine your creditworthiness and the terms of the loan they may offer… Read More »
Public Provident Fund(PPF) The Public Provident Fund (PPF) is a long-term savings and investment scheme introduced by the Indian government. It is one of the most popular and tax-efficient savings options available to Indian residents. Overview of the Public Provident Fund: 1. Purpose: PPF is design to encourage small savings and long-term wealth… Read More »
CIBIL Scores Meaning of CIBIL Scores:- A Credit Information Bureau / CIBIL score is a numerical representation of an individual’s creditworthiness. It is based on their credit history and credit behavior. The score is generated by Credit Information Companies (CICs) or Credit Bureaus, which collect and maintain credit information of individuals and companies.… Read More »
Fixed Deposit Interest Rate A Fixed Deposit (FD) serves as a financial instrument offered by banks and various financial institutions, enabling individuals to invest a specified amount for a predetermined duration at a fixed interest rate. Fixed Deposits are known for their safety, stability, and guaranteed returns. Key Features of Fixed Deposits: 1. Interest Rates:… Read More »
Post Office MIS 1. Post Office Monthly Income Scheme (POMIS): POMIS is a savings scheme offered by India Post, the postal department of the Government of India. It provides a fixed monthly income to investors who deposit a lump sum amount for a fixed period. 2. Distinctive Benefits of the Post Office Monthly Income Scheme… Read More »
Sukanya Samriddhi Yojana (SSY) SSY / Sukanya Samriddhi Yojana: Sukanya Samriddhi Account is a government-supported savings initiative in India, specifically designed for the benefit of the girl child. The scheme was launched by the Government of India as part of the “Beti Bachao, Beti Padhao” campaign to promote the welfare of the girl child and encourage… Read More »
Can LLP Take Loan From Outsiders A Limited Liability Partnership (LLP) is a relatively recent business structure that combines the benefits of both partnerships and companies. It offers the flexibility of a partnership while providing the limited liability protection of a company. One of the key concerns for LLPs, especially for those looking to… Read More »
Financial Projections Financial Projections: A business owner must consider economic conditions when making financial projections because the overall economic environment can have a significant impact on the performance of their business. Here are some reasons why economic conditions should be taken into account: 1. Market Demand: Economic conditions influence consumer behavior and purchasing power.… Read More »
Limited Liability Partnership Limited Liability Partnership: Debentures are a type of debt instrument. It is issued to raise funds from investors by corporations or companies typically in exchange for fixed interest payments and repayment of the principal amount at a future date. LLPs, on the other hand, are perform as partnerships and… Read More »