IIFL Gold Loan, Jalakandapuram

Now that you have informed your member(s) of the family about your investments, it is time to look at a selfless act of charity. Why is charity important? If you give back to those in need, it helps you achieve a sense of personal satisfaction. A little charity helps in improving the world and makes it a better place. While you donate to a charity, you can also be eligible for tax exemptions. Under the Income Tax Act, certain contributions or donations are eligible for a tax deduction under Section 80G. If you donate towards a fund or a charitable institution with an 80G certification, you are required to submit it for filing returns. Your task for Day 19 is - Donate to a charity. Avail tax exemption under Sec80G. #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown

Now that you have started writing down your investment tools, tips, and tricks, ensure that your family members are aware about these investments. It is important that at least one family member is aware so that such a corpus can be utilised in case of emergency or in your absence. And of course, because they are family. If there is more than one family member who is making investments, such a diary will help you consolidate all your income and expenses and will give you a clearer picture of your family’s financial health. Your task for Day 18 is – Inform at least one family member about your investments #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown

Now that you have taken control of your finances and started investing, it is time to journal your investments. Investing is not a one-time event. It is a journey. Make a diary or Excel sheet with details of all your investments, date of redemptions, names of financial service providers, and Relationship Manager if any. Also list down your financial goals and where you see yourself financially in the next year and even the next 10 years. You can note down the tools and investment ideas that you may come across. If writing it down on a paper is too old school for you, you can start noting it down using digital mediums and maybe even start a blog. A simple habit that can be beneficial over the long run. You can refer to these entries in the future if you face a similar situation. Your task for Day 17 is – Maintain a diary for your investments #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown

Till now we have seen how you can stock of your income and expenditure, reduce unnecessary expenses and go digital to transact easy. By now, you must have got an idea of how much surplus funds you have for investments. It's time to take the plunge into the world of trading and the stock market. Getting into trading is not only about constantly buying and selling stocks. It involves research and making informed decisions. There is no minimum requirement for investments but it is advisable to stay invested in the stock market with a long-term horizon in mind. To buy shares, you need to have a Demat a/c. You can open a Demat account and make your first trade through IIFL by signing up on https://bit.ly/3dYOv7jYour task for Day 16 is - Open a Demat Account and make one trade #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown

Now that you have downloaded all the necessary financial mobile apps, it is time to look into an important but often overlooked aspect of finance - registering a nominee. It is very important to have a nominee in your bank account, whether it is savings, fixed deposit or recurring deposit. In case of life insurance too, having a nominee ensures that the life insurance company knows whom to pay the assured money after the demise of the policyholder. Nominee can also be registered for Pension a/c, Mutual Funds, Demat Account and Bank Locker. Depending on the financial service provider's policies, there can be multiple nominees and there are many groups of individuals you can nominate - brother, sister, child, spouse, etc. But exercise caution and give careful consideration before you nominate somebody as it has impact on inheritance. You task for Day 15 is - Ensure nominee in all your accounts, loans and investments. #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown

We are proud to be featured in Top 25 of India's Best Workplaces in BFSI - 2020 by Great Place to Work®. This award is an affirmation of IIFL values of Fairness, Integrity and Transparency which creates a work culture that fosters innovation, fun and productivity. #BestWorkplaces #Productivity #HumanCapital

We are proud to be featured in Top 25 of India's Best Workplaces in BFSI - 2020 by Great Place to Work®. This award is an affirmation of IIFL values of Fairness, Integrity and Transparency which creates a work culture that fosters innovation, fun and productivity. #BestWorkplaces #Productivity #HumanCapital Great Place To Work Institute - India #BestWorkplaces #Productivity #HumanCapital

Listing down ways you can get cash in case of emergency is a good practice. But in times like these, stepping out of your home should be kept to a minimum and only to get essential supplies. You can perform most tasks from the comfort of your home through apps. Just as you can connect with your loved ones through video calls or chat with them through messaging apps, you can perform most of your financial tasks through mobile apps. Make sure you have enabled email and sms alerts registered with your financial service provider. Almost all banks, insurance companies, broking companies and loan providers have mobile apps which provide all frequently used services. E-wallets and UPI are useful for transferring money without sharing account no. If you are into stock markets, you can download the IIFL Markets app -https://bit.ly/2wXs0Pv. IIFL Finance has a popular IIFL Loans App that our customers use for applying for new loan or a top-up, paying instalments, downloading loan statement, and referring their friends and family members. You can download it by clicking - https://bit.ly/2JKOBS2.Your task for Day 14 is - Download all financial mobile apps that you can use #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown

Now that you have adequate health insurance coverage to cover medical expenses for yourself and your family. It is time to look to another important aspect even in times where everything is going digital. Even in the digital age, cash cannot be ruled out. During emergencies, you might have to use cash at hand or in bank. You might have to dig into your rainy day funds. The other option might be to borrow from family, relatives, or friends. No one can truly calculate the amount of cash to have at hand, but listing down ways from where you can legally get cash in case of emergency can be useful. Your task for Day 13 is - Make a list of ways you can get cash in case of emergency #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown