In the earlier days, you might have opted for Vodafone or Idea postpaid, now known as Vi postpaid, for the sheer ease of making your Idea or Vodafone bill payment, now combined as your Vi bill payment. But that’s not the case today, each of the Vi postpaid plans offered comes with a set of perks that might interest you.

One such perk that comes along with certain select Vi postpaid plans is the complimentary 1 Year Disney+Hotstar Subscription. Now, if you need a complete Premium Subscription, you’ll directly have to go to the Disney+Hotstar platform. However, if a 1-year Mobile Subscription or 1-year Super Subscription is enough for you, simply go for a Vi postpaid plan that suits your needs.

You can easily make your Vodafone bill payment, now known as your Vi postpaid bill payment, after using the services including your Disney+Hotstar subscriptions. But before that, let’s take a look at all the postpaid plans that offer complimentary Disney+Hotstar subscriptions:

*The REDX plan priced at ₹1101 comes with a lock-in of 6 months. If you change your plan to any other Postpaid plan or port out of Vi or migrate to Prepaid within 6 months of activating the REDX plan, you will be charged a one-time exit fee of ₹3000.

Hence, figure out your requirements and choose your Vi postpaid plan wisely. And if you’re not someone who wants to go for postpaid, you can get similar complimentary subscriptions to Disney+Hotstar by doing your Vi recharge online as well.

As a senior citizen, you have several options available to you when it comes to saving for retirement. One option is the SBI Senior Citizen Savings Scheme, which offers several benefits and can help you maximize your savings. In this blog post, we’ll take a look at what the SBI Senior Citizen Savings Scheme is and how it works, as well as some tips on how to make the most of it.

The SBI Senior Citizen Savings Scheme.

The SBI Senior Citizen Savings Scheme is a special savings scheme for senior citizens aged 60 years and above. The scheme offers several benefits such as higher interest rates, income tax benefits, and relaxed KYC norms Digital Seva Portal.

How does the SBI Senior Citizen Savings Scheme work?

Investors can open an account under the scheme with a minimum deposit of Rs. 1000 and a maximum deposit of Rs. 15 lakhs. The deposits made under the scheme are eligible for income tax benefits under Section 80C of the Income Tax Act. The interest earned on the deposits is taxable as per the investor’s applicable slab rate.

What are the benefits of the SBI Senior Citizen Savings Scheme?

The main benefit of the SBI Senior Citizen Savings Scheme is that it offers higher interest rates to senior citizens as compared to other bank schemes. This makes it an attractive option for senior citizens who are looking to maximize their savings. The scheme also offers income tax benefits and relaxed KYC norms, which make it more convenient for senior citizens to invest in this scheme.

How to Maximize Your Savings as a Senior Citizen with the SBI Senior Citizen Savings Scheme.

The earlier you start investing, the more time your money has to grow. If you start investing at age 50, you will have 20 years until you reach age 70, when the SBI Senior Citizen Savings Scheme matures. If you start investing at age 60, you will have 10 years until maturity. The longer your investment has to grow, the more money you will have when it matures.

Invest a minimum of Rs. 1 lakh per annum.

To maximize your savings under the SBI Senior Citizen Savings Scheme, you should invest a minimum of Rs. 1 lakh per annum. This amount is necessary to take advantage of the higher interest rate offered on investments over Rs. 1 lakh. It is also important to remember that you can only make one withdrawal per year from your account, so it is important to make sure that your initial investment is enough to cover your expenses for the entire year.

Invest for the long term.

The SBI Senior Citizen Savings Scheme is designed for long-term investment, so it is important to plan accordingly. You should only withdraw money from your account when absolutely necessary, as this will reduce the amount of interest you earn on your investment over time. When making withdrawals, be sure to take into account any taxes or penalties that may apply.

Diversify your investments.

Diversifying your investments is always a good idea, and this is especially true with the SBI Senior Citizen Savings Scheme. By investing in other types of accounts, such as fixed deposit accounts or mutual funds, you can minimize risk and maximize returns. This will help ensure that you have enough money saved for retirement and other expenses later in life.

Conclusion

The SBI Senior Citizen Savings Scheme is a great way for senior citizens to maximize their savings. By investing early and often, investing a minimum of Rs. 1 lakh per annum, and investing for the long term, senior citizens can make the most of this scheme and secure their financial future.

SIP (Systematic Investment Plan) investments and lump sum investments are the primary categories under which mutual fund investments fall. Although SIPs have gained much popularity over the years, beginning investors might still need to understand lumpsum investing fundamentals fully.

In contrast to a systematic investment plan (SIP), a lumpsum investment is when an investor makes a one-time, independent investment in a specific programme.

What is a lumpsum calculator?

An online tool called a lumpsum calculator can assess the value of your lump sum mutual fund investment. You can quickly use this method to determine the value of your investment. You will usually be prompted to enter an investment amount, the investment length in years, and the estimated annual rate of return when using an online mutual fund lumpsum calculator.

Using the lumpsum investment calculator, you can determine the anticipated value of your mutual fund investments after the investment period. You can use this to determine whether your lumpsum investment will help you reach your financial objectives.

How does Lumpsum Calculator work?

This calculator allows investors to assess the expected returns on their lump sum investments. Thus, a potential investor can determine whether or not their financial goal will be met by the investment option they have chosen at the finish of the investment term.

The following are some advantages of utilising a lump sum calculator:

• You get the anticipated return for the entire investment time from it. To get a close approximation, you must include information on the investment amount, the estimated rate of return, and duration (1 year, 3 years, etc.).
• Once investors have a projected concept of the maturity value of their investment, it helps them plan and manages their finances more effectively (s).
• Using a lumpsum calculator helps you eliminate human error and saves time wasted performing manual calculations.
• Even inexperienced investors may use a lump sum rate of return calculator with comfort because it is effortless and convenient.
• It should be noted that as investments in mutual funds are exposed to market risks, the returns cannot be precisely predicted.

Lump-sum The future value principle underlies how calculators operate. The lumpsum calculator provides the investment’s future worth at a specific interest rate. You must apply the following calculation:

FV = PV(r + 1)n

Future Value (FV)

Present Value (PV)

n = Number of years

n = Number of years

For instance, let’s say you made a lump sum investment of Rs. 1,000,000 in a 20-year mutual fund plan. You can anticipate a 10% return on your investment.

The future value of the investment can be calculated as follows: FV = 1,00,000(1+0.1)20

FV = Rs 6,72,750.

Your initial investment of Rs. 100,000 has risen to Rs. 6,72,750.

The increase in wealth is Rs 6,72,750 – Rs 1,00,000 = Rs 5,72,750.

Conclusion

An investor can invest a lump sum in an MF programme. An investor chooses this investment options if they have received a lump sum of money from selling some asset.

Large sums of money invested at once can be dangerous and lock up your funds; an early withdrawal might result in exit load fees and penalties. As a result, an investor needs to reconsider all the factors before investing.

This option was typically chosen by the investor with a lump sum of money and ultimately wishes to invest in mutual funds with an emphasis on equities. When the market is favourable for an investor to invest in equities, the lump sum is systematically transferred from debt mutual funds to equity mutual funds.

Read this post if you are interested in learning how to select the best checking account that offers interest to you and also to know the pros of checking accounts. Finding checking accounts that pay interest may be done through various channels and methods.

Increasing the amount of money you have in the bank by earning a higher interest rate on your checking accounts is one way to do this. After finishing this post, you will better understand how to choose a checking account that offers a high-interest rate, which will enable you to accumulate more interest within your account.

Consider using an online bank, if you haven’t already

When searching for checking accounts that pay interest, the first step you need to do is to select whether you will save your money in a traditional bank or an online bank. You may locate checking accounts that pay interest by going online or to a traditional bank.

Determine the amount of money that is currently in your bank account. After then, think about the choices you have. You will also need to assess whether or not your current balance has met the needed minimum amount for your bank account.

Have you reached a point when your balance is below its minimum? After then, you are obligated to make payments toward the interest.

Consider doing your shopping in the surrounding area

The following step that you need to take is to look for an account of this sort in your immediate area. Doing your banking close to home might help you evaluate each institution. You can also use it to determine if you will create a bank account with a financial institution in your local region or with an online bank.

You may utilize the internet to search for a list of prerequisites and prices online while you are shopping around for the account that is most suited to your needs. As a direct consequence, you will not have any trouble understanding any of the critical information pertaining to your account. Time is saved as a result of completing this step.

Review your new interest-bearing account

Examine all there is to examine in your brand-new account that accrues interest. Check to see if the features you want are included in that account.

If you have an account online, you should look into whether or not it supports direct deposit, paper checks, debit cards, or free service at ATMs. You should most certainly use an account of this sort that the FDIC guarantees. Your account will remain protected and secure as a result of this action.

Also, check to see if pay checks are included with your account or if you have to pay for them separately.

Bottom Line

In conclusion, locating checking accounts that pay interest on deposits is simple. You only need to be aware of what to look for, and you will be able to do whatever you want.

Everyone wants to think of themselves as experts, but very few people are genuinely knowledgeable in specific fields. Though you may believe you are an expert in founding a firm, you might not know the proper procedure for closing your LLC.

Using specialists is essential regardless of your industry, but if you still need convincing, consider these justifications for addressing the professionals at Goodbye Startup when you’re about to close your LLC.

Fulfill All The Legal Requirements

You may be sure you’re protecting your legal rights by dissolving an LLC according to the correct procedures. When registering your LLC, you filed paperwork with your local and federal governments. In the same way, you must submit the right paperwork to show that you are closing your business.

They will only know if you inform them that your LLC is no longer operational. Otherwise, they may continue to anticipate annual fees and taxes. The process can be complicated, but the professionals can show you how to close a business correctly. When you properly part ways with your LLC, you won’t need to be concerned about charges and taxes accumulating in the background.

Accelerate The Process

Experts who know the proper procedures to close an LLC are efficient, which is the quality that sets them apart from laypeople. They are competent and knowledgeable in what they do. It can take quite some time to finish many tasks for closing your LLC.

Yes, you could attempt to complete the task yourself, but given your lack of experience, you will likely fail on your first and subsequent attempts. As a result of their knowledge, the team at goodbye startup will assist you in avoiding any mistakes in your paperwork so that your case can be processed as quickly as possible.

Expert Advice

The closure of your limited company need not necessarily spell the end of your business. To enable you to carry on doing business while escaping debt, the professionals can transfer the profitable elements of your firm to another organization.

Sometimes a quick and simple approach will do when it comes to the dissolution of business. Certified insolvency practitioners can assist you with a formal limited business closure like administration or liquidation. They can make every effort to save a portion of your business if possible.

Properly Eliminate Any Lingering Debts And Unpaid Wages

Debt repayment may still be another stage of the required dissolution process, and it can take time to navigate on your own. Paying employees their final paychecks and any additional compensation is necessary as soon as possible. You’ll also need to correctly file your employee taxes when you wind things down, and the professionals can help you with this.

The Bottom Line

Goodbye startup experts have experienced everything, or at the very least, have seen the most of it. As a result, they possess a plethora of expertise and can provide unique viewpoints on how to close a business the right way to avoid problems in the future.

Mutual fund investments can help you to earn extra income. In these investment plans, asset management companies or AMCs collect money from a group of investors and deposit it in a fund. Once enough money is collected in the fund, the AMC uses it to invest in financial securities such as gold, bonds, stocks, and money market instruments. After the mutual fund scheme generates returns, it is divided proportionately amongst the different investors. But, just signing up for a mutual fund scheme is not enough. It is imperative for you to sign up for a mutual fund scheme that suits your investment objectives.

Furthermore, mutual fund schemes are not a monolith. You will need to select one from the different variants of mutual fund schemes. Before selecting a scheme, you need to determine your investment objective and risk appetite. Each of these investment schemes is known for catering to different investment objectives and risk appetites. Investment schemes such as equity funds and debt funds are prominent examples of different types of mutual funds.

Equity mutual funds:

As the name suggests, this variant of mutual funds deals with equities. Equity funds are known for allocating funds to financial securities such as stocks so that shares of companies could be purchased. Hence, it is important to make note of the fact that the performance of the company is known for playing a vital role in deciding the returns you will get. However, it is also imperative to remember that These investment schemes also fetch high returns. The high returns are a reward for taking the higher risks associated with equity funds thanks to market volatility. Equity funds are suitable for investors who are seeking a long-term investment option. That’s because they are known for fetching favourable returns when held over a prolonged period. Also, there is no maturity period for most types of equity mutual funds (except for ELSS). Therefore, you can redeem your investments whenever you want, making these investment options highly liquid.

How are equity mutual funds taxed?

Here are the ways in which equity funds are taxed:

• Long-term capital gain tax (LTCG):

Equity funds that are held for over a year are taxed under long-term capital gain (LTCG). Currently, 10% without indexation is charged as LTCG. Gains of up to ₹ 1,00000 are exempted from taxes. Indexation can be defined as a process in which you adjust the purchase cost of investments for inflation.

• Short-term capital gain tax (STCG):

Equity mutual funds which are held for less than a year are taxed under short-term capital gain. Currently, charges for STCG are taxed at 15%.

Debt funds:

Unlike equity funds, debt funds or fixed-income funds, are known for investing capital in securities like debentures, government securities, corporate bonds, and other such financial securities. By allocating funds to such financial securities, debt funds are known for lowering investment risks. That’s because the returns in these schemes are not dependent on the volatility of the stock market as is the case of equity funds. This variant of mutual fund investment is suitable for investors who are seeking moderate to low-risk options that are not affected by market volatility. Debt funds are also fit for investors who want to invest in financial instruments for a short or medium-term period.

How are debt funds taxed?

Just like in the case of equity funds, debt funds are also taxed as LTCG and STCG. Please read below to know more:

• Long-term capital gain tax (LTCG):

Debt funds of more than three years are taxed as a long-term capital gain. The LTCG is 20% with indexation.

• Short-term capital gain tax (STCG):

If you are holding on to debt funds for less than three years, it is taxed as a short-term capital gain. STCG for these mutual funds is taxed as per the individual’s tax slab. Hence, if the income tax slab applicable for you is 20%, then that is the tax which will be applicable to you.

Over the years, the accessibility of personal loans has eased significantly in the Indian financial market. Today, several lending institutions provide funding options across the country. The introduction of dedicated personal loan apps has further made it possible to avail funding through a few clicks on your smartphone. All you need to do is download a loan app on your phone, choose the best lender and click on apply.

The ease of access to quick finances is one of the prime reasons why personal loans are rising in popularity. The increased demand for these loans can be accredited to several other factors as well. For one, these loans are readily available for meeting emergency financing needs. Especially when accessed through platforms like an online cash loan app, one can avail funding within a few minutes.

Furthermore, factors like high financing value, suitable repayment tenure, and easy EMIs make these loans very attractive. However, you must be very cautious while applying for a personal loan. Here are 5 pro tips that you must know –

Top 5 Tips to Utilise for Easy Personal Loan Accessibility in India

1. Take initiatives for credit score improvement

When availing a personal loan, the first thing that you must do is that personal loans are unsecured loans. This means you do not need to provide your assets as security against the funding. This makes personal loans a high-risk proposition for lenders. So, as a precaution against risk, they assess the borrower’s credit profile and check their previous credit history.

The credit score precisely reflects a borrower’s attitude towards repayment. A higher score means the borrower has a history of paying his EMIs on time. While a low credit score reflects a borrower’s negligence or failure towards regular payments.

If you have a poor credit score, then there are a few pro tips to improve your credit score. – Some of the best ways to improve your credit score are –

– Paying off your small-ticket dues.

– Making timely EMI and credit card bill payments.

– Borrowing a balanced mix of secured and unsecured credit.

– Limiting credit card utilisation to 30% of the total availability.

– Keeping the fixed monthly obligations at not more than 50% of the fixed monthly income

In addition to these, check your credit report thoroughly to see if there are any errors or omissions. If you have recently closed a loan account, then make sure it reflects in your credit report. You can get in touch with the credit history bureau and raise a dispute.

2. Check and meet all eligibility requirements

Another important aspect that you must check before applying for a loan is the eligibility criteria. The eligibility factors may include your age, minimum monthly income, and occupation. If you choose to borrow through a personal loan app, then you check your eligibility in a few clicks. Also, note that the eligibility criteria differ from lender to lender. So, before you apply for a loan, make sure to compare the eligibility requirements of different lenders.

3. Submit all documents related to income sources

If you have more than one income source, then you can leverage it to gain lender preference when applying. The lender may also offer you attractive interest rates or other offers as having multiple sources of income decreases their risk. So, if you have any other source of income, then make sure to submit all the documents related to your income. The same is applicable if you add a co-applicant to your loan application. Having a salaried co-applicant improves your repayment capacity. This will help you get better interest rates and secure your loan approval with ease.

4. Apply through personal loan apps

The introduction of personal loan apps has been a phenomenal change in the way people borrowed. These apps are easily accessible and help you with swift borrowing. With simplified eligibility and minimal document requirements, they help fast-track loan processing, thus enabling quick approval of the advance.

5. Apply within your maximum loan eligibility

One crucial aspect that people often miss out on is deciding on how much to borrow. Usually, one applies for the maximum loan amount one is eligible for. While doing so, you exhaust your borrowing capacity. In addition to that, it also positions you as a high-risk financial standing for lenders. Thus, to eliminate such a risk-amplification, it is best that you apply for a minimum loan amount that you absolutely need.

To conclude

Getting a personal loan is not a bad idea. In fact, in many situations, it is your best option. A personal loan is usually not a huge amount which makes repayment easier. If you are someone who has never availed a loan before then applying for a personal loan can improve your credit score. You can download the personal loan apps on your phone and get your loan processed within minutes.

According to an OfficeMax survey, 77% of Americans believe disorganization hurts their productivity, while 53% believe it hurts their motivation. Large corporations frequently spend a lot of money on office maintenance to maintain a professional and organised work environment. If you own a small or medium-sized business (SMB), there are ways to keep your workplace clean without breaking the bank. Here are some pointers to help keep your office space organised and in good shape. If your organisation is looking for the right cleaning company, you should contact clean connect, which will have your company looking fresh and clean.

Other than contacting clean connect. Here are some ways you can keep your workplace clean;

1. Use appropriate storage for everything.

Clutter occurs when you do not have a designated location for items such as files, pens, calculators, etc. While a desk with drawers is a good starting point, filing cabinets, shelves, and storage cabinets allow you to neatly store all the small items required to run your business.

Buying used filing cabinets is less expensive than buying new ones. Keep your work items in a closet with shelves, and label everything so you can find them when you need them. Each frame can be set aside for specific items, such as binders and pens and pencils or small office supplies.

1. Get rid of anything you do not use.

A cluttered desk usually accumulates over time. Try the following method to reduce desktop clutter: Put any paper or item that is generally in r your desk in a box. When you need something, take it out of the box and put it back on your desk. After a week, whatever remains in the package must be moved to another storage location or recycled. Anything that has not been used in a week should be removed from your workspace.

ATP Testing

Cleanliness can also be tested using the ATP method, and you have to meet certain atp test standards to ensure your workplace is considered safe and completely clean.

Meaning of ATP testing

ATP test is used to look for the molecule Adenosine triphosphate or ATP. This molecule is only found in living cells, where it converts the energy the cell requires to function, and it is found in all known forms of life. That means that if it is alive, it has ATP, and an ATP test can be used to detect areas where fungi, mould, and bacteria are flourishing before the evidence is visible to the naked eye. As a result, ATP testing is a valuable tool for both cleaning crews and business owners.

ATP detection is based on triggering and measuring bioluminescence (natural light) with an ATP luminometer. When ATP reacts with the enzyme luciferase — the chemical that causes fireflies to glow — the amount of light produced is directly proportional to the amount of ATP.

Conclusion

Make sure your workplace is clean enough to pass the ATP test so that you could be safe enough to function.