In times of economic adversity, companies resort to various measures for cutting down costs. Reducing their workforce under Voluntary Retirement Scheme (VRS) is one such step that helps them improve productivity and profits. Companies of both public and private sectors...

What is PM Kisan Samman Nidhi Yojana? The PM Kisan Samman Nidhi Yojana is a Central Sector Scheme that offers income support to landholding farmers' families in India. This scheme provides farmers with additional financial assistance to help them purchase...

What is National Saving Certificate (NSC)? National Savings Certificate NSC scheme is a fixed income scheme. It is one of the popular savings instruments in India. One can activate this scheme at any Post Office. NSC scheme is the Government of...

What is a Gratuity Calculator? Gratuity calculator is a tool to estimate the gratuity amount one receives if they are planning to leave the job. It is a helpful tool for those employees who are planning to retire from their...

Investing in ELSS funds recommended by Scripbox would get you returns of 18% p.a. Here are the shortlist funds by Scripbox FundsYeild on MaturityMirae Asset Tax Saver Fund (G)18.70%DSP Tax Saver Fund (G)16.40%Union Long Term Equity Fund (G)16.60% Post Office...

What is Compound Interest? Compound interest in simple terms means interest on interest. When the principal includes the accumulated interest of the previous periods and interest is calculated on this then they say it’s compound interest. Compounding is done on...

What is Inflation? Inflation is a measure of the rate of change in prices of selected goods and services. In simple terms, it is a rise in price levels of goods and services of daily use. It is expressed as...

What is simple interest? Simple interest is a method that is used in the calculation of the interest charged on a loan. It is calculated by multiplying the daily interest rate by the principal by the number of days that...