Fixed Deposit

  Understanding gratuity rules and regulations in India is crucial for both employees and employers, as it directly impacts retirement benefits. Gratuity is a lump sum payment made by an employer to an employee as a token of appreciation for their services, and it is governed by the Payment of Gratuity Act, 1972. Gratuity calculation is an essential aspect of this process, determining how much an employee is entitled to upon leaving the organization. Here are five key points to understand about gratuity calculation : Eligibility Criteria: To be eligible for gratuity, an employee must have completed at least five years of continuous service with the same employer. The only exception to this rule is if the employee’s service ends due to death or disability. Gratuity Formula: The standard gratuity calculation formula is: Gratuity = (Last drawn salary × 15 × number of years of service) ÷ 26. The last drawn salary includes basic salary and dearness allowance, and the factor 26 repre...

  The global commodity markets are dynamic and ever-changing, making it essential for investors and traders to stay informed. This week, several key charts are worth your attention as they provide insights into trends and potential market movements. Let’s dive into the five most important charts you should monitor to navigate the commodity markets effectively. 1. Crude Oil Prices: Global Demand vs. Supply Crude oil is often seen as a barometer of global economic health. This week, the chart tracking crude oil prices is particularly crucial due to fluctuating global demand and supply disruptions. Whether you're trading derivatives or investing directly in commodities, keeping an eye on oil prices can help you anticipate market shifts and make informed decisions. 2. Gold Prices: A Safe Haven in Uncertain Times Gold remains one of the most sought-after commodities, especially in times of economic uncertainty. This week, the gold price chart will be important as investors flock to thi...

  Overview of Bajaj Finance and Its Fixed Deposit Scheme Bajaj Finance is an Indian company that plays a crucial role in the finance industry, providing a plethora of services that cater to the financial needs of individuals. Among these services, one that distinguishes itself due to its immense popularity amongst people looking for secure investment options is the Fixed Deposit (FD) scheme. Given the higher returns and safety of investment, many have questioned, ‘What is the highest fixed deposit interest rate for Bajaj Finance?’ Current Fixed Deposit Interest Rates As of now, Bajaj Finance is providing the highest fixed deposit rates in the market, which are as high as 7.35 percent per annum. These attractive rates have become especially popular among senior citizens, who can benefit from even higher interest rates. That said, Bajaj Finance offers FD rates that can vary depending on the tenure and the deposit amount. Usually, the highest fixed deposit rates are offered for longe...

  Withdrawing your Employee Provident Fund (EPF) savings is a crucial process that every employee should understand. Whether you're changing jobs, retiring, or facing a financial emergency, knowing how to withdraw your EPF savings can provide you with the funds you need. The process is straightforward, but it involves certain rules and procedures that you must follow to ensure a smooth withdrawal. Here are five essential points to consider when withdrawing your EPF savings: Eligibility Criteria: Before initiating the withdrawal, ensure you meet the eligibility criteria. Generally, you can withdraw your EPF savings after leaving your job, upon retirement, or if you have completed a minimum of two months of unemployment. Types of Withdrawals: There are different types of EPF withdrawals, including full withdrawal, partial withdrawal for specific purposes (like medical emergencies or housing), and transfer of funds when changing jobs. Understanding these options will help you ch...

  The EPF UAN (Employee Provident Fund Universal Account Number) is a vital tool for employees in India, significantly enhancing the efficiency and management of their retirement savings. The UAN is a unique 12-digit number assigned to every employee contributing to the Employee Provident Fund (EPF). This number stays with the employee throughout their career, even if they change jobs, ensuring that their EPF accounts are seamlessly linked under one umbrella. Here are five key benefits of having an EPF UAN for your retirement planning: Simplified Account Management: The EPF UAN allows you to manage all your EPF accounts under one roof, even if you've worked for multiple employers. This eliminates the need to maintain separate EPF accounts and simplifies the tracking of your retirement savings. Easy Transfer of Funds: One of the major advantages of having an EPF UAN is the ease of transferring funds when you change jobs. The UAN ensures that your EPF balance is automatically t...

Introduction: Investing in a fixed deposit (FD) scheme is one of the safest and most preferred investment options in India, especially for individuals seeking guaranteed returns at a fixed rate of interest over a specified period. However, it is always a challenging task to choose the best fixed deposit scheme with a high interest rate as several banks and financial institutions offer varying interest rates on FDs. The challenge is often to pick the one that best suits one's requirements from amongst the myriad options available.  factors to consider while choosing the best FD scheme Researching and comparing various FD schemes becomes crucial when you are considering investing your hard-earned money. Here are a few factors to consider while choosing the best FD scheme with a high interest rate: 1. Compare Interest Rates: The interest on FD varies across different banks and financial institutions. Hence, it is crucial to compare the interest rates offered by various financial insti...