India Post has introduced a partial withdrawal facility for the Mahila Samman Savings Certificate (MSSC), a move aimed at enhancing financial flexibility for women account holders. The scheme, exclusively available to women and girls, permits withdrawals of up to 40% of the eligible balance after one year from the date of account opening, but before … Read more
Halting SIPs due to market dip? SIP stoppage ratio surges to record 122% in February, up from 109% in Jan In February, the SIP cancellation ratio surged to 122%, indicating a higher number of cancellations than registrations. This significant increase can be noted when comparing the ratios from the previous three months: 79% in November … Read more
Investment is a strategic financial decision that individuals make to allocate their funds into various instruments and avenues, each serving distinctive purposes based on their financial objectives. Some perceive investment solely as a strategy to generate wealth and effectively manage their finances, whereas others approach it as a method to establish a retirement nest egg. … Read more