The Wealth Architects

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(Precious) Words of Wisdom : "Rich people have small TVs and big libraries, and poor people have small libraries and big TVs." ~ Zig Ziglar

PMVVY: LIC's Guaranteed Pension Gift For Your Senior Citizen Parents

In 2017, the Govt. of India had introduced an assured-income pension plan for the senior citizens, known as the Pradhan Mantri Vaya Vandana Yojana or PMVVY.

The scheme, to be managed by LIC, was open for one year only till Mar'18. However, it was later extended by two years until Mar'20.

And now the Govt. has again extended the PMVVY scheme for three more years until March 2023. But there's one key change - the rate of return has been reduced from 8% to 7.4%.

Sovereign Gold Bonds: Public Issues During Apr-Sept'20

Government of India, in consultation with the Reserve Bank of India, has announced the calendar for six Public Issues of Sovereign Gold Bonds (SGB) for the first half of the Financial Year 2020-21.

There will be one public issue of SGB every month starting from Apr'20 to Sept'20.

The first issue is scheduled from April 20th to 24th.

New Tax Laws On Your Foreign Remittances / Foreign Travel

Bad news! Soon you will have to pay tax when you transfer any money abroad or travel outside India.

As per the new provisions announced in the Union Budget 2020-21, Tax Collected at Source (TCS) will now be applicable to foreign travel and foreign remittances.

Massive Rate Cut On Post Office Small Savings Schemes

The Department of Economic Affairs, Ministry of Finance has announced the latest interest rates on the Post Office Small Savings Schemes for the first quarter of the Financial Year 20-21.

Till now the Govt. has generally made only some minor changes in the same. However, on this occasion, it has slashed the rates very (very) sharply.

Decoding Budget 2020 Tax Angle For Mutual Fund Investors

Budget 2020 announced a raft of changes in the personal finance space. Some will directly impact mutual fund investors, such as the change in Dividend Distribution Tax (DDT) and introduction of Tax Deducted at Source (TDS), and some indirectly, such as the introduction of the new tax regime. This article attempts to explain the impact of these changes on mutual fund investors.

8 Factors That Affect Your CIBIL / Credit Score

This guest post is contributed by Samawat Shakil, Content Manager, OMLP2P

The Credit Information Bureau (India) Limited (CIBIL) is the most popular of the four credit information companies authorized by Reserve Bank of India. There are three more companies licensed by the RBI to operate as credit information companies. They are Experian, Equifax, and Highmark. Still, the most popular credit score in India is the CIBIL score.

10 Key Features of 'Standard Individual Health Insurance'

IRDAI (Insurance Regulatory and Development Authority of India) has recently issued guidelines on the 'Standard Individual Health Insurance Product'.

The market is presently flooded with numerous health insurance plans. Each offers unique features. As such, it is not easy for a common person to choose the most appropriate mediclaim policy.

Hence the need for a standard policy — common across all insurance companies — which will take care of an individual's "basic health insurance requirements". This will also simplify the process of policy portability among insurers.

An Investment In Knowledge Pays The Best Interest ~ Benjamin Franklin

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... Three VALUABLE Tips ...

1. There Are 'No' Best Mutual Funds For Investment
Best Mutual Funds
Have the 'right' perspective on your mutual fund investment.


2. Insurance Quiz To Make You A Smart Policy Buyer
Insurance quiz.
Insurance, quite surprisingly, can be extremely dangerous.


3. Don't Underestimate The Power Of Financial Literacy
Financial Literacy
Take your lessons in financial literacy very very seriously.