How to Growth our Money?

Stay Away From personal Loan or Credit card or Any other promotion card, where stating Zero Percentage

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✍️Please Note Very Important Notice :

If someone in a close relative / friends circle has *died* due to Covid-19 or *for any reason*, ask the bank for an account statement or passbook entry from *01-04 to 31-03* of the financial year.

Seeing the entry of Rs. 12/- or Rs. 330/- *, mark it,*.

Go to the bank and Claim for Insurance.Rs.200000

*In the Year 2015, the Government of INDIA provided Two Insurance Schemes to the Savings Account Holders of All the Banks : 👍

*Pradhan Mantri Jeevan Jyoti Bima Yojana* (PMJJBY) at Rs 330 *and Pradhan Mantri Suraksha Bima Yojana* (PMSBY) at Rs 12*.

2 Lakh Rupees

*Many of Us might have Filled this Form. The premium will also be Debited from their Account on* 31/05.

🙏 Spread this Message to All Bank Account Holders

*Rs. 2,00,000/-* is Not a Small Amount for People. And specially for the family who lost their Member.

The issue price for Sovereign Gold Bond Scheme 2021-22, which will open for subscription for five days from May 17, has been fixed per gram at ₹4,777 By offline & ₹4,727 by Online. 😍

✍️ The Assessment year for income earned in the Financial year 2020-21 is 2021-22. The ITR must be filed for income earned from April 1, 2020, to March 31, 2021, in the assessment year 2021-2022, with the last date being July 31 of the relevant assessment year unless extended by the government.

Interest rates of Small savings schemes shall continue (April 2021 to June 2021) to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021. Orders issued by oversight shall be withdrawn.

✍ One Rupee Scheme : House Wife / Your Mother can Save Rs 67000/- per Annum for You, if they do smartly Enter the Chart & put the same amount in the Saving Box , whichever they Likes/they Can.

🤔 Which is better; Limited Pay with Return of Premium OR Regular Pay in Life Insurance Product? By Mr. KANNAN

🤝 Hi Mr. Kannan ; As a Consumer, while Seeing this Difference in the Table; we may feel good, Yah we are going to Save near Rs 125844 🥰 ; if OPT Limited Pay with Return of premium, But Reality not this way

➡️ Example: If Choose - Regular Premium

1. Difference of Regular premium and Limited Pay per month is Rs 1192/-

2. Start Rs 1192/- as a SIP for 10 Years with expected Return of 12% per annum , then accumulated wealth will be Rs 2,67,333/- ; after 10 Years 🤨

3. Stop Your SIP and Hold accumulate wealth of Rs 2,67,333/- further 21 Years with Expectation of 12% return per annum, then Final Wealth will be Rs 28,88,225/- .🙄

➡️ Example: If Choose - Limited Pay with return of Premium

1. We may paid Totally Rs 2,71,080/- over the 10 Years & we may have relax further 21 Years🧑‍🦯 , which is until Age of 61Years.

2. If policy Holder Survival after 61 Years, the paid Amount of Rs.271080/- will return to us. 🙂

👉 Conclusion: Keep in mind; if Chosen- Limited Pay with Return of premium; we may Loose 🤕 Rs 26,17,145/- (Rs 28,88,225-2,71,080), Except Long Term Capital gain Tax.

👉 Points to Remember: While choosing the Insurance Product, keep following points always,
1. Always go for pure protection Plans. (Don’t Mix Insurance with Investment)
2. Ensure that; Your Insurance Cover is 10-15 Years of Annual Income.
3. Ensure your Policy cover till Your Retirement.
4. Ensure you are Paying Regularly with Auto Debit from Bank Account.

✍️ Hope; my Answer give you a Clear-cut Picture about Your Question
Thanks & Regards, MAHENDRAN BALU 🤝

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