Launched on April 1, 2023, the Mahila Samman Savings Scheme (MSSS) is a government-supported small savings initiative aimed specifically at women and girls. MSSS offers a fixed 2-year tenure. The scheme was introduced to strengthen financial inclusion and encourage women to securely save and grow their wealth. The deadline for investing in the Mahila Samman …
You’re a team leader working in a bustling metro city in India. Thanks to your stellar performance, you’ve just received a ₹10 lakh gratuity or bonus. But that’s not the only way a person may receive a lump sum. It could also come from a life insurance maturity payout, an inheritance, withdrawal of your provident …
The Indian government has introduced several financial schemes aimed at empowering women by enhancing their savings and financial security. The Mahila Samman Savings Certificate and the Mukhyamantri Maiya Samman Yojana are two financial schemes designed to empower women financially. While the Mahila Samman Savings Certificate is a central government savings initiative, Mukhyamantri Maiya Samman Yojana …
Here’s a detailed look at the scenario and key aspects of a loan against LIC policy, including eligibility, loan amount, interest rates, repayment tenure, and how you can apply. Loan Against LIC Policy with a Yearly Premium of ₹50,000 and 15-Year Policy Duration Consider the following: Policyholder: Rahul Sharma Policy: LIC Endowment Policy Premium: ₹50,000 …
Among the various initiatives aimed at enhancing women’s financial security and independence, two well-known schemes stand out—the Mahila Samman Savings Certificate (MSSC) and the Mahila Samriddhi Yojana (MSY). With the introduction of new and upcoming government schemes for women, it’s natural to feel a bit overwhelmed when trying to understand the different benefits each one …
Accumulating a substantial amount like ₹75 lakhs is a major achievement in building wealth. While various strategies exist, a Systematic Investment Plan (SIP) is often highlighted as a highly effective and structured approach. SIPs not only facilitate regular savings but also enable your money to grow considerably over time. This article will explore the likelihood …
Many salaried employees in India live in housing societies where they pay rent to their landlords and an additional maintenance fee to the society. A common question that arises is whether these maintenance charges qualify for tax exemption under the House Rent Allowance (HRA) provisions. Let’s break down the details in a simple and engaging …
Gold prices fluctuate daily based on global market trends, demand, and currency exchange rates. Staying updated on these changes is essential for investors, jewellers, and buyers to make informed decisions. Check out today’s gold rates in Dubai. Dubai Gold Rate Comparison: Today vs. Previous Session The table below shows the per-gram and 10-gram gold prices …
The Income Tax Department has recently issued notices to several taxpayers across India who have been paying rent of ₹50,000 or more per month but failed to deduct Tax Deducted at Source (TDS). This move is aimed at ensuring compliance with tax laws and preventing revenue leakage. If you are a tenant paying such a …
Empowering women through financial support and savings is a key focus of government schemes in India. Two such initiatives are the Mahila Samman Savings Certificate (MSSC) and the Delhi Mukhyamantri Mahila Samman Yojana (DMMSY). While MSSC is a savings scheme with attractive interest rates, DMMSY is a direct benefit transfer initiative for financial assistance. Below …
