The Securities and Exchange Board of India (SEBI) has made it mandatory for investors to provide nominee details in mutual funds or opt-out to prevent freezing of the account.

You can create a will to distribute the wealth you have accumulated during your lifetime after your death. What if you are single? Does a will still help? Yes, a will is highly recommended, even if you are single!

Naming a nominee is crucial as life is uncertain, and it gives you a certain degree of guarantee that your family or the people you care about will be taken care of financially.

In legal parlance, a custodian does not own the assets but keeps the assets in his or her custody till the heir mentioned in the will or the eligible legal heir is identified for owning the asset.

Fresh enrolments in the NPS-Lite Swavalamban scheme, a social security initiative for the unorganized sector, stopped in 2015. Know the available options if you are a subscriber

Most banks are offering senior citizens an extra interest rate of 25-50 basis points on FDs compared to non-seniors. Still, you must take care of your FDs to maximize benefits

Senior citizens can do most of their financial transactions while sitting at their homes, provided they have a bank account with an online banking facility or a debit or credit card

PFRDA has advised Points of Presence (PoPs) to use the emerging technology for enhanced due diligence and error free, timely processing of claims.