In such a situation, if you want to get a good return on your savings, then today we are going to tell you about a very great investment plan. In this scheme, you can collect a big fund of Rs 72.7 lakh by investing just Rs 5 thousand.

In this, you have to invest in a mutual fund scheme. According to experts, mutual fund investment made for the long term can give you good returns. In this episode, let us understand the mathematics of investment with the help of which you can collect a big fund of Rs 72.7 lakh by investing just five thousand rupees.

For this, first of all you have to make a SIP in a good mutual fund scheme. After making a SIP, you have to invest five thousand rupees in it every month.

You have to make this investment of Rs 5,000 per month for a full 25 years. During the investment period, you also have to expect that you get an estimated return of 11 percent every year on your investment.

If the returns are as per your expectations, then after 25 years, you can collect a huge fund of about Rs 72.7 lakh at the time of maturity. This money will work to secure your future at the financial level.

Disclaimer: Money invested in mutual funds is subject to market risks. Before investing in it, definitely take advice from experts. If you invest in mutual funds without information, in this situation you may have to face a huge loss. The return on investment made in mutual funds is decided by the behavior of the market.

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The post Mutual Fund Investment Tips: You May Get More Than 72 Lakhs Rupees By Just Investing Five Thousand first appeared on Rightsofemployees.com.

What is auto sweep service?

Auto sweep service is a facility under which when there is more money in your savings account than a certain amount, that amount is automatically transferred to fixed deposit. This means that you keep depositing money in your savings account and when that amount exceeds a certain limit, that amount will automatically be converted into fixed deposit on which you will get more interest.

Benefits of Auto Sweep Facility

• The interest on fixed deposits is much higher than the interest on savings accounts. This way you can earn higher returns on your money.
• You do not need to go to the bank every time to make a fixed deposit. This work is done automatically.
• You can break your fixed deposit and withdraw the money at any time.
• If you want to invest but do not know where to invest then auto sweep facility can be a good option for you.

How does the Auto Sweep feature work?

You can activate the auto sweep facility by visiting your bank or through online banking. You just have to decide how much amount is there in your savings account after which that amount will be transferred to the fixed deposit. Once you set this limit, everything else happens automatically.

Which banks provide auto sweep facility?

Auto sweep facility is a great way to make your money work. If you want to earn more interest on your savings account then you must try the auto sweep facility. Almost all banks offer auto sweep facility. You can get more information about this facility by visiting your bank’s website or mobile app.

How to enable Auto Sweep Facility?

Let us tell you that different banks provide this service according to their convenience. Here we are telling the process of activating this facility for the customers of State Bank of India (SBI). You can activate the auto sweep facility in SBI in two ways. You can do it easily through internet banking or YONO app.

Through Internet Banking:

• Firstly, log in to your SBI internet banking account.
• Go to the menu and select “Fixed Deposit” option.
• Then click on “More” option.
• Here you will find the option of “Auto Sweep Facility”, click on it.
• Now you have to select the account in which you want to enable this feature.
• Next, you have to set the amount above which the additional amount will automatically be transferred to the fixed deposit.
• Also, you have to choose the tenure of the fixed deposit.
• After filling all the information, click on the “Submit” button.
• You will need to enter an OTP or transaction PIN/password.
• This facility will be activated in your account within a few days.

Through the YONO app:

• Open YONO app in your mobile.
• Go to the menu and select “e-fixed deposit” option.
• Then choose the option “Multi Option Deposit”.
• Now you have to select the account in which you want to enable this feature.
• The rest of the process is the same as internet banking. You have to specify the amount and period and then submit.
• This service will be activated after entering OTP or transaction PIN/password.

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In this series, today we are going to tell you about a very wonderful scheme of the government. The name of this scheme is Public Provident Fund. This government scheme is quite popular in the country. At present, by investing in Public Provident Fund Scheme, you are getting an interest rate of 7.1 percent. If you want to collect a fund of Rs 13 lakh by investing Rs 4,000 in the PPF scheme. In such a situation, let us understand this mathematics of investment in detail –

For this, first of all you have to open an account in Public Provident Fund. After opening an account in Public Provident Fund Scheme, you will have to save Rs 4 thousand every month and invest Rs 48 thousand in it annually. Money invested in Public Provident Fund matures in 15 years. In such a situation, if you invest Rs 48 thousand annually in the Public Provident Fund Scheme for 15 years.

In such a situation, if you calculate on the basis of current interest rate of 7.1 percent, then at the time of maturity after 15 years, you will have around Rs 13,01,827. You will have to invest a total of Rs 7,20,000 during the investment period. You will get interest of around Rs 5,81,827 on your investment. By investing in Public Provident Fund Scheme, you do not have to face any kind of market risks. This scheme is completely safe.

The post PPF Scheme: By depositing just Rs 4,000 every month, you will get Rs 13 lakh in a few years first appeared on Rightsofemployees.com.

Employees’ Provident Fund Organization (EPFO) has now made e-nomination mandatory for EPFO members. Without a nominee, EPF account holders can no longer avail some of the facilities of EPFO. It is also very important to be a nominee of EPF account. If a PF account holder has made a nominee, then the money deposited in his account easily goes to the person to whom the account holder wanted to give it. EPFO provides the facility to make more than one nominee for EPF account. That means an EPF member can nominate his wife as well as his son and daughter.

Nominee in EPF can be made online. E-nomination is very helpful in providing PF benefits to the PF account holder and his family. In case of death of a PF subscriber, online claim and settlement of provident fund, pension, insurance benefits is possible only if e-nomination is done.

The nominee will be a family member only

PF account holder can make nominee only for his family members. Only if a person does not have a family, he can declare another person as a nominee. After making someone else a nominee, if the family’s address is known then the nomination of the non-relative gets cancelled.

Can there be more than one nominee?

PF account holder can also declare more than one nominee. If there is more than one nominee, more nomination details have to be given and it has to be clearly mentioned as to how much amount each nominee will get.

If there is no e-nomination then there will be these problems

EPFO has made e-nomination mandatory. If an account holder does not do e-nomination then he cannot see his PF account balance and passbook. For e-nomination, the account holder’s UAN must be active and the mobile number must be linked to Aadhaar.

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Most of the people in the country look for safe investment options, which provide a fixed return and there is no risk of market risks. If you are also looking for such a scheme. In such a situation, this news is especially for you.

Today we are going to tell you about the Public Provident Fund Scheme. By investing Rs 12,500 in this scheme, you can collect a fund of Rs 40.68 lakh at the time of maturity. Public Provident Fund is one of the popular savings schemes of the country. The PPF investment scheme is offered by the central government. In such a situation, the returns received from here are completely safe.

You can invest in PPF for 15 years. A minimum of Rs 500 and a maximum of Rs 1.5 lakh can be invested in this scheme. At present, an interest rate of 7.1 percent is being given on investing in this scheme. Based on the current interest rate of 7.1 percent, if you save Rs 12,500 every month and invest Rs 1,50,000 every year in the Public Provident Fund.

In such a situation, at the time of maturity after 15 years, you will be able to collect a total of Rs 40,68,209. You will have to invest a total of Rs 22,50,000 during the investment period. You will get a total interest of Rs 18,18,209 on your investment.

In such a situation, after 15 years you will have a total of Rs 40,68,209. With the help of this money, you can fulfill your daughter’s marriage or other future related purposes.

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Small finance banks are paying more interest than big banks. Big lenders like State Bank of India, HDFC, ICICI, Punjab National Bank are giving comparatively less interest on FD. Let us tell that in which bank it will be in your interest to have FD at present.

FD is a risk-free investment in banks. Small finance banks pay more interest on fixed deposits than big banks. Due to the absence of risk of money sinking and getting good returns, many people put money in fixed deposits. Today we are telling you about those 6 banks, which are currently giving the highest interest on FD.

Unity Small Finance Bank is giving the highest interest on FD. The bank is offering 9.00 per cent interest to general customers and 9.50 per cent to senior citizens on FDs maturing in 1001 days.

Jana Small Finance Bank is paying interest at the rate of 8.10 percent to the general public on FDs of 1001 days. The bank is offering 8.80 percent interest to senior citizens.

If you make FD for 1001 days in Suryoday Small Finance Bank, then you will get interest at the rate of 8.51 percent per annum. If you are a senior then the bank will give you interest at the rate of 8.76 percent.

Ujjivan Small Finance Bank (Ujjivan Small Finance Bank) is offering interest at the rate of 8.00 percent per annum to the general customer on FD of 1001 days. The bank is currently offering 8.75 percent interest to senior citizens.

The name of Utkarsh Small Finance Bank is also included in the list of banks that pay more interest on FDs. The bank is giving 8.00 per cent interest to general public and 8.75 per cent interest to senior citizens on FDs maturing in 1001 days.

North East Small Finance Bank is offering 8.00% interest to general customers and 8.75% to senior citizens on FDs maturing in 1001 days.

The post FD interest rate: These 6 banks will quickly double the money deposited in FD, check details first appeared on Rightsofemployees.com.

Along with this, by the end of this year, how much money has been deposited in your PF account, it should also be known. At the same time, employed people also get the option of saving through PF account.

PF account

where as now balance can be checked in PF account online also. Provident Fund ie PF account holders no longer need to go anywhere to check their balance in the account. Employees can check their balance online with the help of just a few clicks. Along with this, you can also see how much interest has been deposited in your account.

Through PF balance

EPFO ​​online service, working class people can easily check their PF balance sitting at home. At the same time, to check PF balance online, the balance can be checked by visiting EPFO’s website. It also has a process. Let us know how you can check the amount deposited in PF account online.

Check PF balance from EPFO ​​portal like this

• Go to the official website of EPFO ​​and click on the service tab.
• Now click on the ‘For Employee’ section.
• After this click on ‘Member Passbook’.
• Now login by entering UAN and password.
• Now complete information will come in front of you and balance can be checked.

The post PF account: Big news! Know the money deposited in PF before the end of the year, otherwise… first appeared on Rightsofemployees.com.

The name of this plan of LIC is Shiromani Yojana. Good returns can be taken by investing in this policy. Good cover for illness too LIC Life Shiromani Plan (LIC Jeevan Shiromani Plan) offers the best cover for illness. The duration of this plan has been fixed in a range of 4 levels. Which includes 14, 16, 18 and 20 years.

The age of the policy taker has been fixed at 18 years and maximum 55 years. The minimum sum assured value under this scheme is Rs 1 crore. As per the rules, in this particular policy, money has to be deposited for 4 years, in which the policyholder is also getting loan and survival benefits.

30 per cent of Basic Sum Assured on 10th and 12th year of 14 year policy, 35 per cent on completion of 14 years after 12th policy term of 16 years, 40 per cent on completion of 14th and 16th year of 18 year policy 20 On completion of 16th and 18th year of the policy term of the year paralysis and 45% of Basic Sum Assured is given.

These documents will be needed

The documents have to be submitted in the paralysis section for availing LIC’s Jeevan Shiromani plan. The policyholder is required to provide his ID proof, proof of date of birth, address proof, photograph of the holder and bank details.

The post LIC Superhit Policy: Pay 4 premiums for this LIC policy and get a benefit of Rs 1 crore sitting at home, know how? first appeared on Rightsofemployees.com.