Is Rs 5 crore enough to retire in India? Rs 5 crore is not a small amount. At all. And to be honest with you, if your expenses are reasonable, I think that Rs 5 crore would be sufficient to…
Category: Financial Planning
7 Best Investment Options for Salaried Indians
When we Indians start earning for the first time, the first brush with savings happens via EPF deductions. Your salary is automatically deducted and some amount goes towards your EPF corpus. Then comes the first tax-saving season. When we wake…
I am 30. Want to Retire at 50. How much to Invest Monthly?
I got a mail from a reader asking how much he needed to invest to retire at the age of 50. He is 30 and said that he had practically no savings at all. So it's like starting your investment…
Read More I am 30. Want to Retire at 50. How much to Invest Monthly?
How to build Retirement Corpus of Rs 5 crore – in 15, 20, 25, 30 & 35 years?
You want to retire with Rs 5 crore in India. That’s a good solid goal to have in 2025. Till the 2000s, there was a common belief that Rs 1 crore would be enough to retire comfortably. But with inflation…
Read More How to build Retirement Corpus of Rs 5 crore – in 15, 20, 25, 30 & 35 years?
How to save for Holidays using Travel Fund (2025)?
For many, travelling is an important goal. I am one of them. I like to travel (read this). If time and schedule permit. But in general, I aim to travel to a new location once every 6 months. So if…
Read More How to save for Holidays using Travel Fund (2025)?
How to calculate EPF interest on your EPF account balance (2025)?
If you are a salaried employee, then chances are that you have an Employee’s Provident Fund (EPF) account that you regularly make contributions from your salary deductions. You might know what the latest EPF interest rates are, but do you…
Read More How to calculate EPF interest on your EPF account balance (2025)?
What is Cost of Studying Abroad (in Foreign) for your Children?
Want to send your child overseas for studies? As parents, many of you might want your children to go abroad for higher studies. Isn't it? However, higher education in foreign countries can be an expensive goal. Though it varies from…
Read More What is Cost of Studying Abroad (in Foreign) for your Children?
How to get Rs 1 crore on 18th Birthday of your Child?
Having Rs 1 crore when your child turns 18. How would that make you feel? I am sure pretty good. 18 is the age which would be pretty close to when your child would have just begun his/her higher studies.…
Read More How to get Rs 1 crore on 18th Birthday of your Child?
Taxation on Gold in India (2024): Capital Gains on Selling Gold
Do you know what is the tax on gold profits? Or how different forms of gold are taxed? Or more specifically, how capital gains on selling gold are taxed? If you invest in gold or already have it, then it…
Read More Taxation on Gold in India (2024): Capital Gains on Selling Gold
Which are safe banks for Fixed Deposits in India (2024)?
Bank fixed deposits (or FDs) are considered to be one of the safest savings options because of their guaranteed returns. And this has been the perception since decades. But people have now started asking which bank is safe for fixed…
Read More Which are safe banks for Fixed Deposits in India (2024)?
SCSS Vs. PMVVY: Which is Better (2025)?
Senior Citizen Savings Scheme (SCSS) Or Pradhan Mantri Vaya Vandana Yojana (PMVVY). These are two popular investment options available for senior citizens of India. Note - PMVVY scheme is no longer available from 31-Mar-2023 onwards. While SCSS has been in…
How much monthly interest can I get for Rs 5 crore in fixed deposit (2024)?
So ow much is Rs 5 Crore FD Interest per Month (2024)? Sometime back, I wrote about How much is Rs 1 crore and Rs 2 crore FD monthly interest. Many readers mailed asking that they were conservative and risk-averse…
Read More How much monthly interest can I get for Rs 5 crore in fixed deposit (2024)?
What if all Income Tax Exemptions are Removed?
The Budget 2023 has further revised new income tax slabs (which the Budget 2020 had introduced). And the new system has been made the default one and is perfectly clear that even though the Old & New tax regimes will…
What is NPS + How NPS Works in India: Detailed Guide (Updated 2023)
Note - This is a super long post. You may want to bookmark it if you want to read it later. When it comes to retirement planning in India, the NPS or National Pension System is slowly getting more and…
Read More What is NPS + How NPS Works in India: Detailed Guide (Updated 2023)
VPF Vs PPF: Which is better in 2024?
Voluntary Provident Fund or Public Provident Fund in 2024. Difference between VPF Vs. PPF and how to choose between the two? This was a dilemma when even I joined my salaried job for the first time more than a decade…