How To

Aadhaar Based e-KYC: All You Need To Know

aadhar-based-e-kyc

To put an end to problems that most people face while opening a bank account, applying for a passport, to avail pension schemes, etc., Aadhaar e-KYC was introduced by the Ministry of Finance. KYC, commonly referred as Know Your Customer, guidelines have been majorly formed to allow the citizens of India to avail benefits of a government and social welfare schemes.  Here’s a sneak peek into the details of it:-

What is Aadhaar-based e-KYC?

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How to build your first CRORE

How to build your first CRORE?

Deepak was a daydreamer. He often used to dream of living a life free from 9 to 5 work life, pursuing his passion and creativity, spending time with family, doing social work etc. He wondered how much amount of wealth or bank balance is needed so that interest earned could take of his living and give him enough time to live life on his terms. He figured out that One crore kept in mutual funds could take care of his monthly expenses with some surplus to take care of contingencies. So, creating a wealth of one crore became his driving force to earning as well defining economic discipline. He also understood that just savings is not enough; the saving has to be utilized to create further wealth.

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Pay hike or Bonus – how do I Plan?

Pay hike or Bonus - how do I Plan?

There are few days when one is eager to reach office in time. It’s the day of declaration of performance appraisal or bonus. Both mean increase in take home income that could be used for various things. One will find that in almost all cases the money to be used for, is decided quite in advance and mostly for some holidays or buying some new things. Very few follow the principle of using the increased income to reduce liability like loan or invest for long term benefits. A random survey would indicate that a very small number have a financial plan in place and allocate their money according to the plan.

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