Dividend Screen https://www.dividendscreen.com/ Dividend Screen Provides the details of highest dividend paying stocks in india dividend declared dividend Screener Dividend yield stocks Dividend Stocks News Mon, 30 Sep 2024 06:18:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://www.dividendscreen.com/wp-content/uploads/2021/11/cropped-icon-32x32.png Dividend Screen https://www.dividendscreen.com/ 32 32 Cryptocurrency vs Stocks https://www.dividendscreen.com/cryptocurrency-vs-stocks/ https://www.dividendscreen.com/cryptocurrency-vs-stocks/#respond Mon, 30 Sep 2024 06:18:55 +0000 https://www.dividendscreen.com/?p=2821 CRYPTOCURRENCY VS STOCKS Which should you invest in ? What is Cryptocurrency ? Cryptocurrency vs Stocks- Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. It operates on a decentralized technology called blockchain, which is a distributed ledger that records all transactions across a network of computers. Cryptocurrencies are typically...

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CRYPTOCURRENCY VS STOCKS

Which should you invest in ?

What is Cryptocurrency ?

Cryptocurrency vs Stocks- Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. It operates on a decentralized technology called blockchain, which is a distributed ledger that records all transactions across a network of computers. Cryptocurrencies are typically not controlled by any central authority, making them immune to government interference or manipulation. They can be used for various purposes, including online purchases, investment, and transferring value across borders. Examples include Bitcoin, Ethereum, and Ripple.

How does Cryptocurrency work?

Cryptocurrency works through a combination of blockchain technology and cryptography. Here’s a simplified breakdown of the key components:

  • Blockchain: This is a public ledger that records all transactions across a network of computers. Each block contains a list of transactions, and these blocks are linked together in chronological order. This structure makes it secure and tamper-resistant.
  • Decentralization: cryptocurrencies operate on a decentralized network of computers (nodes). This means no single entity controls the currency, making it less susceptible to manipulation or failure.
  • Cryptography: Cryptographic techniques ensure the security and integrity of transactions. For example, public and private keys are used to facilitate secure transactions; the public key is like your bank account number, while the private key is your password.
  • Mining and Consensus: In many cryptocurrencies, transactions are verified through a process called mining, where powerful computers solve complex mathematical problems. This not only validates transactions but also adds new blocks to the blockchain. Various consensus mechanisms, like Proof of Work (used by Bitcoin) and Proof of Stake, ensure that all participants agree on the state of the ledger.
  • Wallets: To store and manage cryptocurrencies, users use digital wallets. These can be software-based (online or on your device) or hardware-based (physical devices).
  • Transactions: When you send or receive cryptocurrency, you create a transaction that gets broadcast to the network. Miners validate the transaction, and once confirmed, it gets added to the blockchain.

Overall, the combination of these elements allows for secure, transparent, and peer-to-peer transactions without the need for intermediaries.

Is Cryptocurrency safe?

The safety of Cryptocurrency depends on various factors. Here are some key considerations:

  • Market Volatility: Cryptocurrencies can be highly volatile, with prices fluctuating dramatically. This can lead to significant financial risk if you’re not prepared for market swings.
  • Security Risks: While blockchain technology is secure, exchanges and wallets can be vulnerable to hacks. It’s crucial to choose reputable exchanges and secure your accounts with strong passwords and two-factor authentication.
  • Scams and Fraud: The crypto space can attract scams, including phishing attacks and Ponzi schemes. Always verify the legitimacy of projects and offers before investing.
  • Regulatory Environment: Regulations around Cryptocurrencies vary by country and are constantly evolving. Changes in laws can impact the legality and safety of holding or trading Cryptocurrencies.
  • Storage Safety: Storing Cryptocurrencies in exchanges can be risky. Using a hardware wallet or other secure storage solutions can help protect your assets from hacks.
  • Lack of Consumer Protections: Unlike traditional banks, there are fewer consumer protections in place for Cryptocurrency holdings. If you lose access to your wallet or get hacked, it can be difficult or impossible to recover your funds.

In summary, while Cryptocurrency offers exciting opportunities, it also carries risks. Educating you, practicing safe storage methods, and investing cautiously can help mitigate those risks.

STOCKS-Definition:

Cryptocurrency vs Stocks- Stocks represent ownership shares in a company. When you buy stock, you’re essentially purchasing a small piece of that company, which can entitle you to a portion of its profits and may grant you voting rights in certain corporate decisions. Stocks are typically traded on stock exchanges, and their value can fluctuate based on factors like company performance, market conditions, and investor sentiment. There are two main types: common stock, which often comes with voting rights, and preferred stock, which generally provides fixed dividends but no voting rights.

Benefits of investing Stocks:

  1. Potential for High Returns: Historically, stocks have provided higher long-term returns compared to other investment options like bonds or savings accounts.
  2. Ownership in Companies: Buying stocks means owning a piece of a company, which can lead to dividends and voting rights in corporate matters.
  3. Liquidity: Stocks can be easily bought and sold on exchanges, providing investors with quick access to cash if needed.
  4. Diversification: Investing in a variety of stocks can spread risk and reduce the impact of poor performance from any single investment.
  5. Inflation Hedge: Stocks often outpace inflation over time, helping preserve purchasing power.
  6. Tax Advantages: Long-term capital gains from stock investments are usually taxed at a lower rate than ordinary income.
  7. Compound Growth: Reinvesting dividends can significantly increase the overall return on investment over time.
  8. Market Participation: Investing in stocks allows individuals to participate in the growth of the economy and benefit from advancements in various sectors.
  9. Access to Research and Information: Investors can leverage extensive market analysis and research, enhancing decision-making.
  10. Flexible Investment Options: With various investment strategies available, such as growth investing or value investing, individuals can tailor their approach to their risk tolerance and goals.

Cryptocurrency vs Stocks:

Cryptocurrency and stocks are two different investment vehicles, each with its own characteristics, benefits, and risks. Here’s a comparison:

  1. Ownership and Structure

    • Stocks: Represent ownership in a company. When you buy stock, you own a share of that business and may receive dividends.
    • Cryptocurrency: Digital or virtual currencies that use cryptography for security. Ownership is recorded on a blockchain, and there is no central authority.
  2. Market Regulation

    • Stocks: Heavily regulated by government bodies (like the SEC in the U.S.), providing a level of oversight and investor protection.
    • Cryptocurrency: Less regulated, leading to higher risks but also greater potential for innovation and high returns.
  3. Volatility

    • Stocks: Generally less volatile than cryptocurrencies, though individual stocks can experience significant price swings.
    • Cryptocurrency: Known for extreme volatility, with prices often subject to rapid fluctuations.
  4. Investment Horizon

    • Stocks: Typically viewed as a long-term investment, benefiting from compounding returns and growth over time.
    • Cryptocurrency: Can be both a short-term and long-term investment, with many traders engaging in quick trades for potential profits.
  5. Income Generation

    • Stocks: May provide dividends, offering a potential income stream alongside capital appreciation.
    • Cryptocurrency: Typically does not offer dividends, though some platforms allow staking or yield farming for potential earnings.
  6. Research and Information

    • Stocks: Extensive analysis and research available, with historical performance data and financial statements.
    • Cryptocurrency: Less historical data and more speculative; research often focuses on technology, adoption, and market trends.
  7. Risk Factors

    • Stocks: Subject to market risks, company performance, and economic conditions.
    • Cryptocurrency: Subject to regulatory risks, technological changes, and market sentiment.

Cryptocurrency vs. Stocks: Quick Comparison

Feature          

  Cryptocurrency   

Stocks

Ownership Digital assets on a blockchain Shares in a company
Regulation Less regulated Heavily regulated
Volatility Highly volatile Generally less volatile
Returns High potential for rapid gains Steady long-term growth
Income No dividends (some staking options) Potential for dividends
Research Emerging, less historical data Extensive analysis available
Investment Horizon Short-term and long-term options Primarily long-term

 

Liquidity Varies by cryptocurrency and exchange Typically liquid

 

Conclusion:

Stocks: Better for stability and long-term growth.

Cryptocurrency: Suitable for high-risk, high-reward investors.

Both stocks and cryptocurrencies have their unique advantages and risks. Stocks are generally considered a more stable investment with a long history of performance, while cryptocurrencies offer high potential rewards but come with significant volatility and uncertainty. Investors should carefully assess their risk tolerance, investment goals, and research both markets before investing.

click here in details

https://en.wikipedia.org/wiki/Cryptocurrency

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Details Of NPS Vatsalya https://www.dividendscreen.com/nps-vatsalya/ https://www.dividendscreen.com/nps-vatsalya/#respond Fri, 27 Sep 2024 06:40:05 +0000 https://www.dividendscreen.com/?p=2777          NPS VATSALYA: NPS Vatsalya is a Contributory Pension Scheme regulated and administered by Pension Fund Regulatory and Development Authority (PFRDA) designed specifically for all Indian minor citizens till the age of 18 years. The online platform (eNPS) is the quickest way to open an NPS Vatsalya account. This system allows you...

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         NPS VATSALYA:

NPS Vatsalya is a Contributory Pension Scheme regulated and administered by Pension Fund Regulatory and Development Authority (PFRDA) designed specifically for all Indian minor citizens till the age of 18 years.

The online platform (eNPS) is the quickest way to open an NPS Vatsalya account. This system allows you to open an NPS Vatsalya account and make subsequent contributions.

WHAT IS MEANING BY NPS VATSALYA ?

“NPS Vatsalya” refers to a specific scheme under the National Pension System (NPS) in India that is designed to provide financial security and support to the families of deceased government employees, especially those who were contributing to the NPS. “Vatsalya” translates to “affection” or “care,” emphasizing the scheme’s goal of ensuring that the dependents of the deceased have a source of income.

This initiative aims to offer a safety net for families in times of loss, ensuring that they continue to receive financial support even after the primary earner is no longer there. If you need more specific details about eligibility, benefits, or application procedures, feel free to ask!

NPS VATSALYA: OVERVIEW

NPS Vatsalya is a scheme designed to provide financial support to the families of deceased government employees who were contributing to the National Pension System (NPS). The initiative aims to ensure that the dependents are financially secure even after the loss of their primary breadwinner.

KEY FEATURES:

1.Support for Dependents: The scheme ensures a steady income for the family members, helping them maintain their standard of living.

2.Eligibility: Typically, the scheme is available to the dependents of government employees who have passed away while in service or have been contributing to the NPS.

3.Pension Benefits: Eligible family members can receive a pension based on the contributions made by the deceased employee, providing financial stability.

4.Application Process: Families must submit necessary documents, such as the death certificate and proof of relationship, to access the benefits.

5.Financial Security: The primary goal is to offer a safety net and alleviate financial hardships during difficult times.

DOCUMENTS NEEDS TO OPEN NPS VATSALYA ?

  • Death Certificate: Official certificate confirming the death of the NPS contributor.
  • Identity Proof of the Claimant: This can include Aadhar card, voter ID, passport, or any government-issued ID.
  • Relationship Proof: Documents that establish the relationship between the deceased and the claimant, such as a marriage certificate or birth certificate.
  • NPS Account Details: The NPS account number of the deceased contributor.
  • Bank Account Details: A bank account statement or passbook of the claimant for direct benefit transfer.
  • Application Form: A duly filled application form for claiming the benefits under the NPS Vatsalya scheme.

ADVANTAGES OF NPS VATSALYA ?

1.Support During Crisis: Offers a safety net during a challenging time, helping families maintain their standard of living.

2. Easy Access to Benefits: The application process is straightforward, making it easier for families to access funds when needed most.

3. Lifelong Benefits: Dependents can receive pension benefits until the end of their lives, ensuring long-term financial support.

4.Flexibility: The scheme accommodates various family members as beneficiaries, allowing them to choose who will receive the pension.

5.Boosts Confidence: Knowing that there is a financial backup can alleviate stress and anxiety for families dealing with loss.

6. Government Support: The scheme reflects the government’s commitment to caring for the families of its employees, reinforcing social security.

7.Contributory Scheme: Since it is based on the contributions made by the deceased, the benefits are directly linked to the service and investment of the employee.

DISADVANTAGES OF  NPS VATSALYA:

1.Limited Eligibility: Only families of government employees contributing to the NPS can benefit, excluding others who may need similar support.

2.Bureaucratic Delays: The application process may involve bureaucratic red tape, leading to potential delays in accessing benefits.

3. Income Limits: There may be caps on the pension amount, which might not sufficiently meet the financial needs of all dependents.

4. Non-Transferable Benefits: Benefits may not be easily transferable to other family members if the primary beneficiary passes away.

5.Potential Confusion: The eligibility criteria and application process can be complex, leading to confusion among potential beneficiaries.

6.Limited Awareness: Many families may not be fully aware of the scheme and its benefits, leading to underutilization.

7. Market Dependency: The amount received can depend on the market performance of the NPS investments, potentially affecting the final pension amount.

https://en.wikipedia.org/wiki/National_Pension_System

 

 

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What is ETFs for Long-Term Growth in2024 https://www.dividendscreen.com/what-is-etfs-for-long-term-growth-in2024/ https://www.dividendscreen.com/what-is-etfs-for-long-term-growth-in2024/#respond Wed, 25 Sep 2024 12:32:24 +0000 https://www.dividendscreen.com/?p=2774 WHAT IS AN ETF? An ETF, or Exchange-Traded Fund, is an investment fund that is traded on stock exchanges, similar to individual stocks. It holds a collection of assets, such as stocks, bonds, commodities, or a mix, and aims to track the performance of a specific index or sector. ETFs are popular among both individual...

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WHAT IS AN ETF?

An ETF, or Exchange-Traded Fund, is an investment fund that is traded on stock exchanges, similar to individual stocks. It holds a collection of assets, such as stocks, bonds, commodities, or a mix, and aims to track the performance of a specific index or sector. ETFs are popular among both individual and institutional investors for their ease of use and ability to gain exposure to diverse markets. When considering ETFs  for long-term growth in 2024, it’s important to focus on sectors and themes that are expected to perform well.

Why Consider ETFs for Long-Term Growth?

ETFs can be an effective vehicle for long-term growth due to their diversification, liquidity, and cost-effectiveness. For long-term investors, focusing on sectors and themes with growth potential can yield substantial returns over time.

Key Sectors and Themes for Long-Term Growth in 2024

  1. Technology ETFs
  • Focus: Technology continues to drive innovation and economic growth. Sub-sectors such as cloud computing, artificial intelligence (AI), and cybersecurity are particularly promising.
  1. Healthcare ETFs
  • Focus: The aging population and ongoing medical advancements make healthcare a robust sector for growth. Areas like biotechnology and telehealth are particularly dynamic.
  1. Renewable Energy ETFs
  • Focus: As global emphasis on sustainability and climate change intensifies, renewable energy sectors such as solar and wind are expected to grow.
  1. Consumer Discretionary ETFs
  • Focus: With economic recovery, consumer spending on discretionary items (like travel, leisure, and retail) may increase.

Factors to Consider When Choosing ETFs for Long-Term Growth

  • Expense Ratios: Look for ETFs with low expense ratios to maximize your returns over time. Even small fees can add up significantly over the long term.
  • Performance History: Analyze past performance, keeping in mind that past results don’t guarantee future performance. Look for consistent growth compared to benchmarks.
  • Holdings: Understand the underlying assets in the ETF. Research how these holdings align with your investment thesis and goals.
  • Liquidity: Choose ETFs with adequate trading volume to avoid high bid-ask spreads, which can impact returns.
  • Market Trends: Stay informed about macroeconomic trends and how they might affect specific sectors. For example, interest rates, inflation, and geopolitical events can impact
  • Investment Horizon: Ensure that the ETFs align with your long-term investment strategy and risk tolerance.

Conclusion

Investing in ETFs for long-term growth in 2024 can be a strategic way to build wealth over time. By focusing on sectors like technology, healthcare, renewable energy, and emerging markets, you can position your portfolio for potential growth. As always, conduct thorough research and consider your individual investment objectives before making any decisions.

For more details Click Here

Another needed details Click Here

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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What is passive income stream? https://www.dividendscreen.com/what-is-passive-income-stream/ https://www.dividendscreen.com/what-is-passive-income-stream/#respond Tue, 24 Sep 2024 11:57:19 +0000 https://www.dividendscreen.com/?p=2771 INTRODUCTION A passive income stream refers to earnings derived from investments or business activities that require minimal ongoing effort to maintain. Unlike active income, where you earn money through direct work (like a job), passive income allows you to generate revenue over time with little daily involvement. Here’s a detailed breakdown of passive income streams....

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INTRODUCTION

A passive income stream refers to earnings derived from investments or business activities that require minimal ongoing effort to maintain. Unlike active income, where you earn money through direct work (like a job), passive income allows you to generate revenue over time with little daily involvement. Here’s a detailed breakdown of passive income streams.

TYPES OF PASSIVE INCOME STREAM

REAL ESTATE

  • Rental Properties: Owning residential or commercial properties that you rent out generates monthly income. This may require property management, but with systems in place, it can become largely hands-off.
  • Real Estate Investment Trusts (REITs): Investing in REITs allows you to buy shares of real estate portfolios. They typically pay dividends, offering a way to invest in real estate without the complexities of direct ownership.

INVESTMENT

  • Dividend Stocks: Companies that pay dividends share a portion of their profits with shareholders. Investing in these stocks can provide regular income through dividend payments.
  • Index Funds and ETFs: These funds track a specific index and often distribute dividends. They offer diversification and lower management fees compared to actively managed funds.

DIGITAL PRODUCTS

  • Online Courses: Creating and selling courses on platforms like Udemy or Teachable can generate ongoing income with minimal maintenance after the initial setup.
  • Ebooks: Writing and selling ebooks can provide a steady stream of income, especially if marketed well

AUTOMATED ONLINE BUSINESSESS

  • Dropshipping: An online retail model where you sell products without holding inventory. Suppliers handle fulfillment, allowing you to focus on marketing.
  • Subscription Services: Offer products or services on a subscription basis, generating recurring revenue

 

PEER-TO-PEER LENDING

Platforms like Lending Club allow you to lend money directly to individuals or businesses in exchange for interest payments, creating a steady income stream.

CONTENT CREATION

  • Affiliate Marketing: Promoting products or services through a blog or social media can earn you commissions on sales made through your referral links.
  • YouTube Channels: Once established, a YouTube channel can generate ad revenue and sponsorships with minimal ongoing effort.

INTELLECTUAL PROPERTY

  • Royalties: Creatives can earn royalties from music, art, or writing. Licensing work allows you to be paid whenever someone uses your creation.
  • Patents: If you invent a product and patent it, you can earn money through licensing agreements.

BENEFITS OF PASSIVE INCOME STREAM

  • Scalability: Many passive income streams can scale without a proportional increase in effort, especially digital products.
  • Diversification: Multiple streams can provide financial security and reduce risk.
  • Financial Freedom: Reduces reliance on a traditional job, allowing for greater flexibility in how you spend your time.

CHALLENGES OF PASSIVE INCOME STREAM

  • Upfront Work: Most passive income streams require significant initial investment of time or money.
  • Market Risk: Investments can fluctuate in value, and market conditions can affect income.
  • Management: Some streams, like rental properties, may require ongoing management or oversight.

CONCLUSION

A passive income streams represent a valuable opportunity for individuals seeking financial independence and stability. By generating income with minimal ongoing effort, these streams can provide a reliable source of revenue that complements or even replaces active income from traditional employment.

More information

wiki

ups

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Unified Pension Scheme in details https://www.dividendscreen.com/unified-pension-scheme-in-details/ https://www.dividendscreen.com/unified-pension-scheme-in-details/#respond Thu, 12 Sep 2024 12:05:47 +0000 https://www.dividendscreen.com/?p=2755        UNIFIED PENSION SCHEME(UPS) WHAT IS   UNIFIED PENSION SCHEME?   The Central Government announced the Unified Pension Scheme (UPS) for government employees. It aims to provide stability, dignity and financial security for government employees post-retirement, ensuring their well-being and a secure future. Currently, government employees are covered under the National Pension System (NPS). These employees...

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       UNIFIED PENSION SCHEME(UPS)

WHAT IS   UNIFIED PENSION SCHEME?

 

The Central Government announced the Unified Pension Scheme (UPS) for government employees. It aims to provide stability, dignity and financial security for government employees post-retirement, ensuring their well-being and a secure future.

Currently, government employees are covered under the National Pension System (NPS). These employees have the option to continue with NPS or switch to the UPS scheme. However, once employees choose UPS, the decision is final and cannot be reversed.

The state governments can also adopt and implement the UPS scheme for state government employees. Maharashtra is the first state to implement UPS. The Maharashtra cabinet decided to implement the UPS scheme for state government employees on 25 August 2024.

 

UPS SCHEME ELIGIBILITY:

 

  • Government employees who have completed at least 10 years of service are eligible for a fixed pension amount.

 

  • Government employees who have completed at least 25 years of service are eligible to receive a percentage of their average basic pay as a pension.

 

  • Government employees who are covered under the National Pension System (NPS) and those opting for Voluntary Retirement Scheme (VRS) under NPS.

 

 

UPS SCHEME BENEFITS:

 

  1. Retirement Pension

Monthly Pension: A regular monthly payment after retirement, calculated based on the employee’s salary and the number of years of service.

Full Pension Age: Employees generally receive a full pension upon reaching a specific retirement age, which may vary but is usually around 60-65 years.

  1. Early Retirement Options

Some schemes allow employees to retire early with reduced pension benefits if they meet certain conditions, such as completing a minimum number of service years.

  1. Survivor Benefits

If the pensioner passes away, their spouse or dependent may receive a portion of the pension (often called a survivor’s pension).

Lump Sum Death Benefit: A one-time lump sum payment to the family in case the pensioner dies before retirement or shortly after.

  1. Disability Pension

In the case of disability due to an illness or accident, the employee may be eligible for a pension before reaching the retirement age.

  1. Lump Sum Withdrawal

Employees may opt for a partial withdrawal or a lump sum payment upon retirement instead of or in addition to regular pension payments.

  1. Gratuity and Commutations

Gratuity: A one-time payment based on the length of service and final salary.

Commuted Pension: Some schemes offer the option to commute a portion of the pension into a lump sum, reducing the regular monthly pension amount.

  1. Portability

A unified scheme often allows portability, meaning employees who move between different sectors or organizations can carry their pension benefits with them.

  1. Indexed Pension

Pensions may be indexed to inflation or cost of living, ensuring that the benefits retain their value over time.

  1. Tax Benefits

Contributions to the pension scheme, as well as the pension income, may come with tax incentives, depending on local laws.

 

UPS Scheme Minimum Pension Amount:

The UPS guarantees a minimum pension of Rs. 10,000 per month for government employees who retire after completing at least 10 years of service.

UPS Scheme Returns:

 

The UPS scheme provides an assured pension amount to government employees upon their retirement. Employers will contribute 18.5% of the basic salary + dearness allowance, while employees will contribute 10% of the basic salary + dearness allowance every month.

 

For employees who have retired after a minimum service of 25 years, 50% of their average basic pay drawn in the previous 12 months prior to retirement will be provided as a pension. For employees who have retired after a minimum service of 10 years, Rs. 10,000 per month is provided as a pension after retirement.

     Scheme Name

Unified Pension Scheme (UPS)

Announced on    24 August 2024
Implementation Date    1 April 2025
Beneficiaries Central Government employees
Employee Contribution 10% of basic salary + dearness allowance
Employer Contribution 18.5% of basic salary + dearness allowance

 

For other source:

Atal Pension Scheme

 

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Atal Pension Yojana In Details https://www.dividendscreen.com/atal-pension-yojana-in-details/ https://www.dividendscreen.com/atal-pension-yojana-in-details/#respond Thu, 12 Sep 2024 12:02:00 +0000 https://www.dividendscreen.com/?p=2749 Atal Pension Yojana(APY) Its Launched in June 2015, the Atal Pension Yojana (APY) is a landmark controlled  by the Government of India aimed at providing financial security and a stable income for individuals in the unorganized sector. The primary objective of the Atal Pension Yojana(APY) is to offer a guaranteed monthly pension to workers in...

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Atal Pension Yojana(APY)

Its Launched in June 2015, the Atal Pension Yojana (APY) is a landmark controlled  by the Government of India aimed at providing financial security and a stable income for individuals in the unorganized sector.

The primary objective of the Atal Pension Yojana(APY) is to offer a guaranteed monthly pension to workers in the unorganized sector.

Eligibility Criteria:

Age: Indian citizens aged between 18 and 40 years are eligible to join the APY.

Income: There is no specific income requirement for eligibility. The scheme is open to all individuals within the eligible age group.

Features and Benefits:

Flexible Contribution: Subscribers can choose from a range of fixed monthly contributions based on the pension amount they wish to receive upon retirement. The contribution amount varies according to the age at which the individual enrolls in the scheme.

Guaranteed Pension: The scheme offers guaranteed monthly pensions of ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000, depending on the contribution made and the age at which the individual joins.

Tax Benefits: Contributions to the APY are eligible for tax benefits under Section 80CCD of the Income Tax Act, encouraging more individuals to participate in the scheme.

Atal Pension Yojana

Role of the State Government:

Implementation and Outreach:

The state government actively participates in the implementation of the Atal Pension Yojana by collaborating with local banks and financial institutions.

Awareness Campaigns:

To increase enrollment and participation, the state government conducts awareness campaigns and outreach programs. These initiatives aim to educate citizens about the importance of pension savings, the benefits of the APY, and the process of enrollment.

Support and Facilitation:

The state government facilitates the smooth operation of the APY by providing necessary support to financial institutions and assisting with the resolution of any issues faced by subscribers.

Monitoring and Evaluation:

The state government is involved in monitoring the progress of the  (APY) within its jurisdiction. Regular evaluations help assess the scheme’s impact and identify areas for improvement, ensuring that the objectives of the APY are met.

Atal Pension Yojana

Role of the Central  Government:

Scheme Design and Policy Framework: The central government is responsible for designing and overseeing the Atal Pension Yojana. This includes establishing the scheme’s structure, benefits, and eligibility criteria to ensure it meets the needs of its target population.

Co-Contribution: To incentivize participation, the central government provides a co-contribution of 50% of the total contribution amount or ₹1,000 per annum, whichever is lower, to eligible subscribers who joined between June 2015 and March 2016.

Regulation and Administration: The central government, through the Pension Fund Regulatory and Development Authority (PFRDA), oversees the regulation and administration of the APY. PFRDA ensures that the scheme operates efficiently, transparently, and in accordance with established guidelines.

Coordination with Financial Institutions: The central government collaborates with various banks and financial institutions to facilitate the implementation of the Atal Pension Yojana.

For Other Source:

Airtel FD 

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Airtel Fixed Deposit Schemes 2024 https://www.dividendscreen.com/airtel-fixed-deposit-schemes-2024/ https://www.dividendscreen.com/airtel-fixed-deposit-schemes-2024/#respond Thu, 12 Sep 2024 11:56:15 +0000 https://www.dividendscreen.com/?p=2746 Airtel Fixed Deposit Schemes 2024 & SERVICE OFFERS UPTO 9.1% AS INTREST RATES   As of my last update, Airtel is known primarily for its telecommunications services, but it has also been expanding into various financial services through its subsidiary, Airtel Payments Bank. If you’re looking for recent news about Airtel Fixed Deposits (FDs), here’s...

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Airtel Fixed Deposit Schemes 2024 & SERVICE OFFERS UPTO 9.1% AS INTREST RATES  

As of my last update, Airtel is known primarily for its telecommunications services, but it has also been expanding into various financial services through its subsidiary, Airtel Payments Bank. If you’re looking for recent news about Airtel Fixed Deposits (FDs), here’s a general idea of what might be relevant:

NEW FIXED DEPOSIT:

Airtel Payments Bank may have introduced new fixed deposit plans with varying tenures and interest rates to attract customers.

 INTEREST RATES:

Changes in interest rates for Airtel Fixed Deposits might be announced. Interest rates for fixed deposits can fluctuate based on market conditions and RBI policies.

PROMOTIONAL OFFERS:

Airtel Payments Bank could be running promotions or special offers related to fixed deposits, such as higher interest rates for new customers or certain deposit amounts.

 REGULATORY UPDATES:

Any updates from financial regulatory bodies regarding the operations of Airtel Payments Bank could impact their fixed deposit offerings.

For the latest and most accurate information, I recommend checking Airtel Payments Bank’s official website or recent news releases.

DOCUMENT NEEDED:

Proof of Identity:

Aadhaar Card

Passport

Voter ID

Driver’s License

PROOF OF ADDRESS:

Aadhaar Card

Utility Bill (Electricity, Water, Gas)

Bank Statement

Rental Agreement

PHOTOGRAPS:

Recent passport-sized photographs (may be required for some applications)

 PAN Card:

A PAN card is usually required for tax purposes and to comply with KYC norms.

KYC Documents:

If you’re a new customer, completing Know Your Customer (KYC) formalities might require additional documentation as per the bank’s policy.

Income Proof (if applicable):

In some cases, you might need to provide proof of income, especially for high-value deposits.

Application Form:

You’ll need to fill out and submit the fixed deposit application form provided by Airtel Payments Bank.

Airtel Fixed Deposit Schemes 2024 TABLE:

TOT INVESTMENT INTEREST RATE TIME PERIOD INTEREST AMOUNT PROFIT

Rs 5000

9.1%

1 YEAR

       Rs    471

Rs 5471

Rs 5000

9.1%

2 YEAR

       Rs   986

Rs 5986

Rs 5000

9.1%

3 YEAR

       Rs   549

Rs 6549

Rs 5000

9.1%

4 YEAR

       Rs  166

Rs 7166

 

 

Procedure of opening account :

Step:1

 *Open playstore and install airtel thanks app after installing .

Step:2

*Open the app fill the page with current  phone number and after verifying with otp.

Step:3

*Go to the recommended page and scroll last page in that fixed deposite sceme were visible there .

*Open the sceme and fill the page with proper address and bank details .after finishing this .

Step:4

The deposite page were open you can see the investment amout and its profit table chart according your amount .after finishing you can book your deposite .

For more details:

ACCESS CALCULATORS

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Pradhan Mantri Vaya Vandana Yojana (PMVVY) https://www.dividendscreen.com/pradhan-mantri-vaya-vandana-yojana-pmvvy/ https://www.dividendscreen.com/pradhan-mantri-vaya-vandana-yojana-pmvvy/#respond Wed, 07 Aug 2024 07:07:05 +0000 https://www.dividendscreen.com/?p=2717 Introduction: Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a government pension scheme in India. It offers a pension income to senior citizens of age 60 and above. It helps them to survive during their retirement period with a stable income. Guaranteed Returns : It offers an interest rate which is more than the standard fixed...

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Pradhan Mantri Vaya Vandana Yojana (PMVVY)

Introduction:

Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a government pension scheme in India. It offers a pension income to senior citizens of age 60 and above. It helps them to survive during their retirement period with a stable income.

Guaranteed Returns :

It offers an interest rate which is more than the standard fixed deposits. Because currently they are providing the annual interest rates is about 7.4 % to them. This is based on the Government rules and regulations. At the end of the period the candidate will get the total investment amount and also their final pension payment.

Pension Payment :

The Pension Payment options will be made on monthly , quarterly , half yearly and annual basis.  So these methods of pension payment can be selected by the person  according to their preference and financial needs.

Maturity Benefit :

Maturity benefit means , at the end of the policy period the final pension payment will be returned to the policy holder. It also defines that the principal amount which was invested will not be lost but they will returned the amount with the terms of their policy.

Loan Facility :

Loan facility has some features , they can get the loan after the completion of the first policy year. They can get the loan amount up to 75 % and they can provide the additional financial support based on their needs.

Benefits :

1.  They provide the regular income for the senior citizens.

2. The minimum lock in period is just 1 year , You can also cancel the scheme after one year if needed. But one year of usage is mandatory.

3. The investment is guaranteed by the Government of India, So that the investors can be in relax mode though their amount will be safe. Even though the market rate differs there will be no change in their investment amount.

 

LIC

Time Deposit Account

 

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Senior Citizens Savings Scheme https://www.dividendscreen.com/senior-citizens-savings-scheme/ https://www.dividendscreen.com/senior-citizens-savings-scheme/#respond Wed, 07 Aug 2024 07:00:25 +0000 https://www.dividendscreen.com/?p=2695 Senior Citizens Savings Scheme Introduction to the Senior Citizens Savings Scheme, The Senior Citizens Savings Scheme (SCSS) is a government-supported savings plan in India, introduced in 2004, specifically for retirees. It’s designed to ensure a reliable and secure income for seniors during their retirement. As more people near retirement seek stable financial solutions, the SCSS...

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Senior Citizens Savings Scheme

Introduction to the Senior Citizens Savings Scheme,

The Senior Citizens Savings Scheme (SCSS) is a government-supported savings plan in India, introduced in 2004, specifically for retirees. It’s designed to ensure a reliable and secure income for seniors during their retirement.

As more people near retirement seek stable financial solutions, the SCSS has become a popular choice. It combines safety, appealing interest rates, and tax benefits, making it a low-risk investment. This ensures a steady return, helping retirees manage their finances and enjoy a comfortable lifestyle.

What is SCSS?

The Senior Citizens Savings Scheme (SCSS) is a financial program introduced by the Indian government specifically for individuals aged 60 and above. This scheme has been designed to offer a secure investment option, with appealing interest rates and benefits tailored to retirees. As a result, the unique financial needs of senior citizens are addressed, and both safety and attractive returns on investments are ensured.

Key Features of SCSS

Eligibility:

  • The Senior Citizens Savings Scheme (SCSS) is primarily open to Indian citizens who are 60 years of age or older.
  • Additionally, individuals between the ages of 55 and 60 who have retired under a Voluntary Retirement Scheme (VRS) or through superannuation are also eligible.
  • However, they must invest within one month of receiving their retirement benefits to qualify.

Interest Rate:

  • The Senior Citizens Savings Scheme (SCSS) generally offers a higher interest rate compared to many other savings options.
  • Currently, the rate is set at 8.0% per annum.
  • Nevertheless, it’s important to remember that this rate may be revised periodically by the government in response to economic conditions and policy adjustments.
  • Therefore, to obtain the most up-to-date information, it’s advisable to consult a local bank or post office, or check the latest official government notifications.

Investment Limit:

  • The Senior Citizens Savings Scheme (SCSS) has an investment limit set at ₹30 lakhs per individual.
  • This cap includes the total amount invested across all SCSS accounts held by the person.

Tenure:

  • The Senior Citizens Savings Scheme (SCSS) initially has a tenure of 5 years.
  • Nevertheless, you have the opportunity to extend this period by an extra 3 years once the initial term ends.

Interest Payment:

  • Interest payments for the Senior Citizens Savings Scheme (SCSS) are issued on a quarterly basis.
  • Consequently, the interest accrued from the investment is credited to the account every three months, thus ensuring a regular flow of income for account holders.

Tax Benifit:

  • The Senior Citizens Savings Scheme (SCSS) provides tax benefits under Section 80C of the Income Tax Act.
  • In particular, contributions to the SCSS are eligible for tax deductions up to the limit set for tax-saving investments.
  • However, it is essential to remember that, while contributions enjoy these tax benefits, the interest earned on the SCSS is taxable and must be included in the account holder’s income when calculating taxes.

Safety:

  • The Senior Citizens Savings Scheme (SCSS) is widely regarded as a highly secure investment option.
  • Since it is backed by the Government of India, both the principal amount and the interest are guaranteed.
  • Consequently, this government backing significantly reduces the risk of default, making the SCSS a dependable choice for safeguarding and growing savings for senior citizens.

Premature Withdrawal:

  • Premature withdrawal from the (SCSS) is allowed under specific conditions.
  • If you choose to withdraw funds before completing one year, a penalty of 1.5% of the deposit amount will be charged.
  • For withdrawals made between one and two years, the penalty is reduced to 1%.
  • However, if you withdraw after two years, the penalty continues to be 1%.
  • Therefore, it’s crucial to consider these penalties when thinking about early withdrawal from the scheme.

Account Operations:

  • Managing an account under the (SCSS) is made quite simple.
  • To begin, an account can be opened at any designated post office or bank offering the scheme.
  • Although multiple SCSS accounts may be held by individuals, it must be remembered that the total investment across all accounts cannot exceed the maximum limit.
  • Additionally, a nomination facility is provided by the scheme, allowing a beneficiary to be designated for the account.
  • Consequently, regular updates and transactions can be managed through the bank or post office where the account is maintained.

Nomination Facility:

  • A nomination facility is offered by the (SCSS), allowing a beneficiary to be appointed for the account.
  • Consequently, in the event of the account holder’s passing, the funds in the SCSS account will be directly transferred to the designated nominee.
  • To add or update a nominee, the required information should be provided at the bank or post office where the account is maintained.
  • This facility ensures that the funds in the account are distributed according to the account holder’s preferences, thereby providing added peace of mind.

Conclusion,

To sum up, the Senior Citizens Savings Scheme (SCSS) is a highly beneficial financial option for retirees in India. It combines safety, competitive interest rates, and tax benefits, making it a reliable source of income for seniors. Thanks to its low-risk profile and government support, the SCSS enables retirees to manage their finances effectively, helping them enjoy a secure and stress-free retirement

ELSS savings scheme in detail

 

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Post Office Monthly Income Scheme https://www.dividendscreen.com/post-office-monthly-income-scheme/ https://www.dividendscreen.com/post-office-monthly-income-scheme/#respond Wed, 07 Aug 2024 06:53:54 +0000 https://www.dividendscreen.com/?p=2694 What is Post Office Monthly Income Scheme(POMIS)? This document focuses on the Post Office Monthly income Scheme. One of several attractive saving options offered by the Post Office. Alongside the Post Office Saving Account(POSA), Post Office Recurring Deposit(RD), and Post Office Time Deposit(TD), POMIS stands out for its competitive interest rate of 7.4%. As the...

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What is Post Office Monthly Income Scheme(POMIS)?

This document focuses on the Post Office Monthly income Scheme. One of several attractive saving options offered by the Post Office. Alongside the Post Office Saving Account(POSA), Post Office Recurring Deposit(RD), and Post Office Time Deposit(TD), POMIS stands out for its competitive interest rate of 7.4%. As the name implies, POMIS offers a unique advantage – monthly interest payouts. his feature provides a predictable source of income, potentially enhancing your financial planning. Additionally, like all post office schemes, POMIS benefits from the backing and security of the Ministry of Finance, ensuring a reliable and trustworthy investments.

Post Office Monthly Saving Income Scheme

Benefits:

  • Regular Income
  • Safety
  • Fixed Interest Rate
  • Low Minimum Investment
  • Tax Benefits
  • Joint Accounts

PMIS details:

Account Type Maximum Investment
Single Rs. 9 Lakhs
Joint Account Rs. 15 Lakhs

Eligibility:

  • Indian citizenship.
  • A guardian is permitted to open an account on behalf of a minor or a person of unsound mind.
  • Minors aged 10 years and above have the eligibility to open an account in their own name.

PMIS Interest Rates:

The Post Office Monthly Income Scheme offers a competitive interest rate of 7.4% per annum, compounded monthly for 2024. See the table below for historical POMIS interest rates.

Interest Calculation:

Description Case 1 Case 2 Case 3
Account Type Individual Joint Minor
Invested Amount 4,50,000 9,00,000 3,00,000
Interest Rate 6.60% 6.60% 6.60%
Lock-in Period (yrs) 5 5 5
Monthly Income 2,475 4,950 1,650

How to Apply for POMIS:

  • Visit a Post Office Branch
  • Fill out the Application Form
  • Submit Documents
  • Such as a government-issued ID (Aadhaar card, Driving license, Passport)
  • Proof of Address – Utility bills, rental agreements
  • Recent Passport-sized photo
  • PAN Card for tax purposes.

Details of Mahila Samman Saving Certificate

MORE DETAILS CLICK HERE

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