Personal Finance / Zee Biz
Retirement Corpus Planning: Investment duration plays a key role in helping your investments grow to a large corpus in the long run. Just a few years may add not just a few lakhs but a few crores to your retirement corpus. Know how your peer can build an Rs 3.29 crore higher corpus than you by investing a few extra lakhs just for 5 years more.
8th CPC Revised Pension Calculations: When 8th Pay Commission recommendations are implemented, central government pensioners may see a significant jump in their monthly payout. Level 2, 4, 6, 8, and 12 employees who are about to retire are also expected to have their pension jump after that. But what can be their estimated revised pension amount if the 8th CPC fitment factor is 2.08 or 2.57?
Retirement planning delay: Due to the delay, the investment amount as well as the compounding effect resulted in the loss in retirement corpus.
Rs 61,500 Interest/quarter for Senior Citizens: Senior citizens seek a secure and comfortable retirement where they have financial freedom, or at least, an amount to take care of their basic needs. This post office scheme provides them the highest interest rate among all its schemes, where on investing one time, they can earn quarterly interest for 5 years in a row.
EPF vs NPS vs PPF: Retirement is an important goal for everyone, and one should start preparing for it early in their life. They may invest in schemes like National Pension System (NPS), Employees' Provident Fund (EPF) and Public Provident Fund (PPF) to create a retirement corpus. But how large a retirement corpus may they generate in each scheme by investing Rs 12,500/month (Rs 1.50 lakh a financial year) for 30 years? See calculations to know!
Power of Additional Home Loan EMI: Prepayment can be an effective tool for you to save a sizeable amount and duration on your long-term home loan. By paying 1 additional EMI every year, you may save over Rs 25 lakh and nearly 5 years on your Rs 75 lakh, 25-year home loan. Know how it may be possible.
8th Pay Commission Pay Projections for Indian Army: Non-commissioned (NCO), junior commissioned (JCO), and commissioned officers are expecting a substantial increase in their salary as the 8th Pay Commission is set to be formed. What may be the salary rise for JCOs such as Subedar and Subedar Major or commissioned officers like a Captain and a Major if the 8th CPC fitment factor is in the range of 2.08 to 2.57?
8th CPC Salary Estimates: In the 8th Pay Commission, every central government employee will benefit, as their salaries are likely to rise substantially, but some employees, specially high-rank officers, may see their basic salary rise to Rs 3 lakh to rs 6.42 lakh a month. Know for which employees it may be possible at 2.08, 2.28 and 2.57 fitment factors.
Compounding is a powerful tool that can help investors earn returns not just on their initial investment, but also on the returns that have already been earned. The earlier you start and the more consistent you are, the more wealth you can generate over time. On that note, lets find out how fast you can generate Rs 7,00,00,000 corpus with just Rs 9,000 monthly investment.
SIP, or Systematic Investment Plan, is a way of investing in Mutual Funds. It lets you invest a fixed amount in mutual funds regularly, like daily, weekly, quarterly, or monthly. On that account, lets find out how soon you can generate a Rs 7 crore corpus with a Rs 20,000 monthly investment in a systematic investment plan.
Gold vs Nifty 50: Had you invested Rs 5 lakh 5 years ago in physical gold and the Nifty 50 index, which would have made you richer? Gold is considered the best hedge against inflation, but equity has delivered impressive long-term growth. But which of the two helped grow investor money faster? See our comparisons to know.