Can I Break My Fixed Deposit Before Maturity? Popular investment instrument, Fixed Deposits (FD) allow investing a lump sum for a fixed period to get a fixed rate of interest. But can one break FD to withdraw the deposited amount before the maturity date? Yes, one can break the fixed deposit before maturity. However, it…
PPF is one of the most popular investment vehicle, mainly because of its EEE (exempt-exempt-exempt) tax status. However, there are many lesser known facts associated with Public provident fund. Read through to learn more. The Maturity Date: PPF comes with a 15-year lock-in period. As per the rules, the maturity date is calculated from…
In the wake of Reliance Communications (RCom) expected to cut a number jobs due to its plan to shut major parts of its wireless business in the coming 30 days, many employees have begun to fear about the possibility of layoff without enough/prior notice. What if such a situation comes to you? Are you financially…
Claim settlement process for life insurance should be a smooth process for the nominee. And for the faster claim processing, the claimant should submit the right and complete set of documentation. If you do not want your nominees to go through a cumbersome claim process, it is imperative to do the right things when buying…
Mr. Rohit’s 10-year-old was diagnosed with dengue. All the medical expenses together including diagnosis, consultation, medication etc. costed more than INR12,000. Since there was no hospitalization, the medical insurance worth INR5,00,000 came for no use at that point of time. Cases like these are common in most Indian families, where the extra/unexpected health care expenses…
The recent guidelines from Sebi on consolidation and merger of mutual fund schemes, would reduce the clutter and make it simple for the investors to easily compare the performance of various mutual fund schemes offered by the fund houses. Uniform definitions for fund categories were brought out by Sebi, in a bid to lessen the…
Losing any official document is painful. If any such document gets misplaced, it is important to act fast and not neglect. The same is applicable for the most important ID i.e. Aadhaar card that contains the 12-digit unique identification number that has become a necessity for any transaction. This ArthaYantra post helps you with the…
Everyone has financial goals at different stages of life. There should be a proper route map which helps us to get started in achieving the financial goals. However, having a very good financial plan in hand doesn’t fetch us any result, until and unless we are disciplined in implementing the plan. While implementing the plan,…