Trailblazing Entrepreneur

If you are looking for a secure and high-return investment , there’s great news for you! State Bank of India (SBI) has extended the deadline for its highest interest-paying Amrit Kalash Fixed Deposit (FD) scheme. Investors can now apply until March 31, 2024 , and earn up to 7.60% interest on their deposits. What is SBI Amrit Kalash FD? SBI’s Amrit Kalash FD is a special fixed deposit scheme with a 400-day tenure . It offers higher interest rates compared to regular FDs, making it an attractive option for short-term investors. Amrit Kalash FD Interest Rates General investors will get 7.10% interest . Senior citizens (aged 60 and above) will receive 7.60% interest . Initially launched in 2023, SBI has extended this scheme multiple times. Now, investors have until March 31, 2024 , to take advantage of it. Updated SBI FD Interest Rates SBI offers competitive interest rates across various FD tenures. Here are the latest rates: Tenure Interest Rate (General Citizens) ...

Retirement is a phase of life where financial security becomes a top priority. With no monthly salary and increasing medical and living expenses, managing money wisely is essential. Many people focus on saving during their working years but fail to plan how to withdraw their money in retirement. This leads to financial difficulties in old age. To avoid this, the 4% rule is a simple and effective strategy that helps you withdraw money in a way that ensures you never run out of funds. But what exactly is the 4% rule , and how does it work? Let’s find out. What is the 4% Rule? The 4% rule is a financial strategy that determines how much you can safely withdraw from your retirement savings each year. According to this rule, if you withdraw 4% of your total savings annually and adjust for inflation , your money should last 30 years or more . This rule was developed by William Bengen , a financial planner, in the 1990s. It is based on historical data of stock market returns and inflat...

हर कोई चाहता है कि उसका खुद का एक सुंदर और आरामदायक घर हो। लेकिन, घर खरीदना एक बहुत बड़ी वित्तीय जिम्मेदारी होती है। एक आम आदमी के लिए यह उसके जीवन की सबसे बड़ी खरीदारी होती है, जिसके लिए मोटी रकम की जरूरत होती है। चूंकि इतनी बड़ी रकम एक बार में जुटा पाना हर किसी के लिए संभव नहीं होता, इसलिए ज्यादातर लोग होम लोन का सहारा लेते हैं। बैंक और वित्तीय संस्थान (NBFC) होम लोन प्रदान करते हैं, जिससे लोग अपने सपनों का घर खरीद सकते हैं। लेकिन, क्या आप जानते हैं कि होम लोन लेने पर सिर्फ EMI (मासिक किस्त) ही नहीं बल्कि कई अन्य चार्जेज भी लगते हैं? अगर आप इन अतिरिक्त शुल्कों के बारे में नहीं जानते हैं, तो आपका बजट बिगड़ सकता है। इसलिए, होम लोन लेने से पहले इन चार्जेज की पूरी जानकारी होना बेहद जरूरी है। आइए जानते हैं होम लोन से जुड़े प्रमुख चार्जेज के बारे में, ताकि आप सही योजना बना सकें और अनावश्यक खर्चों से बच सकें। 1. आवेदन शुल्क (Application Fees) जब आप किसी बैंक या NBFC से होम लोन के लिए आवेदन करते हैं, तो आपको एप्लीकेशन फीस चुकानी होती है। यह फीस लोन की प्रोसेसिंग के लिए ली जाती है और...

Every day, you receive multiple offers to buy insurance policies—through phone calls, SMS, and emails. Many people purchase insurance on an agent’s recommendation, even when they already have a policy. Later, they realize their mistake. But do you really need a new insurance policy? How can you determine if your current insurance coverage is sufficient or if you need more? There is a simple formula that helps you calculate the exact coverage you need, ensuring that your financial future is secure. Let’s explore it step by step. Why is Insurance Coverage Important? Insurance is more than just a financial product; it is a safety net for your loved ones. If something unfortunate happens to you, the insurance policy ensures that your family doesn’t suffer financially. However, many people either don’t have insurance or have insufficient coverage. If your policy doesn't provide enough financial support, your family may still struggle despite having insurance. That’s why choosing t...

Fixed deposits (FDs) have been one of the safest and most preferred investment options for decades. Most banks currently allow FDs for a period ranging from 7 days to a maximum of 10 years. However, banks are now planning to extend this tenure to 20 years , offering investors long-term financial security and higher returns . According to a report by Hindu Business Line, Suryoday Small Finance Bank is working on launching a 20-year FD scheme , which will not only provide higher interest rates but also allow systematic withdrawals after a certain period. Let’s take a closer look at how this FD is different from traditional FDs and what benefits you can get. What Is the 20-Year FD Scheme? At present, the maximum tenure for fixed deposits in most banks is 10 years . However, Suryoday Small Finance Bank is developing a 20-year FD scheme to give investors a longer saving period and the advantage of compound interest . This scheme is currently under testing , and if successful, it co...

आजकल म्यूचुअल फंड कंपनियां अपने निवेशकों को आकर्षित करने के लिए नई-नई योजनाओं का लॉन्च कर रही हैं। एक ओर जहां पारंपरिक म्यूचुअल फंड योजनाओं में निवेश होता है, वहीं दूसरी ओर पैसिव निवेश (passive investing) का चलन भी तेजी से बढ़ रहा है। पैसिव निवेश में, निवेशक बाजार के प्रदर्शन को ट्रैक करने वाले फंडों में निवेश करते हैं, जिससे उन्हें समय-समय पर अच्छे रिटर्न मिलते हैं। अब म्यूचुअल फंड हाउस इन पैसिव निवेश फंडों को और भी रोचक बना रहे हैं, और इसी कड़ी में निप्पॉन इंडिया म्यूचुअल फंड ने निफ्टी 500 इक्वल वेट इंडेक्स फंड (NFO) लॉन्च करने की घोषणा की है। पैसिव फंडों का बढ़ता चलन पिछले तीन वर्षों में पैसिव फंडों में निवेश में 182 फीसदी की बढ़ोतरी हुई है, और निवेशकों का निवेश करीब 10 लाख करोड़ रुपये तक पहुंच गया है। इसका मतलब यह है कि पैसिव निवेश फंडों में निवेशकों की रुचि दिन-ब-दिन बढ़ती जा रही है। इस बढ़ती हुई रुचि के कारण म्यूचुअल फंड कंपनियां अब अपने ऑफर को और बेहतर बनाने के लिए नए यूनिक फंड पेश कर रही हैं। निप्पॉन इंडिया का नया इक्वल वेट इंडेक्स फंड निप्पॉन इंडिया म्यूचुअल फंड ने निप्पॉन इंड...

Opening a restaurant in India is an exciting business opportunity, but it requires several legal approvals. Obtaining the necessary licenses ensures that your restaurant operates legally and maintains high safety and hygiene standards. Here’s a complete list of licenses you need before starting your restaurant. 1. FSSAI License (Food Safety and Standards Authority of India) This is the most important license for any food business. It ensures that your restaurant follows food safety regulations and serves hygienic food. You can apply for it through the FSSAI website. 2. Eating House License Issued by the police department, this license confirms that your restaurant is legally allowed to serve food and beverages to customers. 3. Health Trade License Provided by the municipal corporation, this license ensures that your restaurant meets health and sanitation standards. 4. Liquor License (If Serving Alcohol) If you plan to serve alcohol, you must obtain a liquor license from the sta...