March, 2012 | Fixed Deposit, Mutual Funds, Insurance, Personal Finance, Loans, Income Tax

PC Jeweller: Jewels for Less Scheme Review

You must have noticed P C Jeweller’s Jewels for Less Scheme. This is one of the gold saving schemes which with sharp increase in Gold prices have become very popular both with jewellers and their customers. Highlights of the Scheme: Can pay in advance through installments Can pay for a minimum of 12 months and [...]

Gold Saving Scheme From Jewelers – A Good Investment?

Over the past one year Gold prices have zoomed up about 40%. To counter the price rampage, jewelers have come up with big incentives on their gold savings schemes, which have been in vogue for nearly a decade now. Whether it is national branded jeweler Tanishq, Delhi based P C Jewellers, Mumbai’s leading gold retailer [...]

Fidelity Mutual Fund Sale: How it impacts you?

If you are regular with financial news & blogs, you might know that Fidelity International has sold its stake in FIL Fund Management (the asset management company) to L&T Finance. The deal was valued at about Rs 550 crore. After this acquisition by L&T finance would have about Rs 13,000 crore assets under management and [...]

SBI NRE/NRO, Senior Citizen, Domestic Fixed Deposit Rates – March 2012

State bank of India (SBI) has increased its short term Fixed Deposit (FD) rates by 1% from March 28, 2012. Its expected more banks would follow deposit rate hikes. This hikes comes after Government announced Interest rate hikes in the range of 0.2% – 0.5% on small savings schemes such as public provident funds (PPF), post office deposits and National Savings [...]

SBI Extended Working Hours on March 31, 2012

SBI (State Bank of India) today issued advertisement in leading dailies that all branches of SBI would remain open for public till 5:00 PM on March 31, 2012 (Saturday) as the banks would be closed on April 2, 2012 on account of Banks’ Annual Closing. Also next week there are three bank holidays: April 2 [...]

SBI Term Deposit (FD) Rates – March 28, 2012

State bank of India (SBI) has increased its short term Fixed Deposit (FD) rates by 1% from March 28, 2012. Its expected more banks would follow deposit rate hikes. This hikes comes after Government announced Interest rate hikes in the range of 0.2% – 0.5% on small savings schemes such as public provident funds (PPF), post [...]

PPF, Post Office Deposit Interest Rates to go up

PPF, Post Office Deposit Interest Rates go up from April 2012

Finally the interest rates for small savings schemes such as public provident funds (PPF), post office deposits and National Savings Certificate (NSC) have been increased by 0.2% – 0.5%. The above interest rate increase would be effective from April 1, 2012. Now, deposits in PPF account will fetch 8.8% a year, compared with 8.6% now, [...]

MT Educare IPO: Review & Recommendations

MT Educare is out with an IPO of 12,375,000 Equity Shares of Rs. 10 each by way of an offer for sale of Equity shares. The price band is Rs. 74 – 80. This post is to collect all the recommendations by experts which might help you to take a decision to invest in MT Educare IPO. Brokers Recommendation Download [...]

MT Educare Daily Subscription Status

MT Educare IPO is open for subscription from March 27 to March 29, 2012. This post would cover the subscription status of the same on a daily basis. MT Educare IPO Subscription Day 3: MT Educare IPO subscribed 4.80 times on final & third day of issue (March 29) Qualified Institutional Buyers (QIB) – 6.01 Corporates/ HNIs – [...]

NBCC IPO: Allotment and Listing

The government fixed the share issue price for state-owned National Buildings Construction Corporation’s (NBCC) public offer at Rs 106 per share to raise about Rs 127 crore and would be listed on April 12, 2012. Check Allotment for NBCC IPO here - Bigshare You would either need Application Number, Demat Account or PAN Number NBCC would [...]

MT Educare IPO : Price Band, Details, Review & Allotment

MT Educare which runs coaching classes under the name of Mahesh Tutorials has decided to tap the primary markets with its offer of 1.27 crore shares to the public. Out of this 1.27 crore shares Helix Investment will offload 0.80 crore shares from its current holdings and rest 0.47-0.43 crore shares will be a fresh [...]

NBCC IPO: Review & Recommendations

NBCC (National Buildings Construction Corporation) is out with an IPO of 12,000,000 Equity Shares of Rs. 10 each by way of an offer for sale of Equity shares by Government of India. The price band is Rs. 90 – 106 with 5% discount to retail buyers & employees on the offer price. The government fixed the share issue [...]

Gold Loan: Banks or NBFCs?

With the recent notification of RBI (Reserve Bank of India) about limiting Non Banking Financial Companies (NBFC) to provide Gold Loan up to 60% of value of Gold Jewellary, it seems now rules of the game would be rewritten. Now, banks might turn out to be better option for Gold Loan borrowers due to following reasons: NBFCs [...]

Which is the Best Investment option?

A few days back Times of India had published the below info-graphic showing how asset class among Equities, Real Estate, Gold and fixed deposits have performed in last one, three, five and ten years. For last one year Gold was the best performer with whooping 39.3% returns while in last three years it was equities [...]

Employee Pension Scheme (EPS) – How good?

If you have looked at your EPF (Employees’ Provident Fund) details you might have wondered about deduction of Rs. 541 per month from your company’s contribution to EPF. Here is the explanation: Every month you need to contribute 12% of your basic salary to your EPF account Your employer also needs to contribute 12% of [...]

Allotment Status Of IDFC Infra Bond Tranche-2

Allotment of IDFC Infra Bond Tranche-2 (u/s 80CCF) bonds was done on March 24, 2012. You can check the allotment status of IDFC Infra Bond Tranche-2 here. Select IDFC Limited-Infra Bond Tranche-2 /2011 from the list. One need either application number, pan number or demat number to view the allotment status. Dispatch date showing in [...]

Life Insurance – Claim Settlement Ratio – 2010-11

Claim Settlement Ratio is probably the most important factor while buying insurance. This becomes even more critical for Life Insurance as you would like your dependents to run pillar to post to claim your sum assured in case of unfortunate death. The recently published Insurance Regulatory And Development Authority - IRDA Annual report 2010-11 has the [...]

GPF interest rate rises to 8.6%

After rate cut in EPF (Employees’ Provident Fund), there is some good news for all Government Employees. The interest rate on government employees’ retirement savings parked in the General Provident Fund (GPF) has increased from 8% to 8.6%. This is first increase after 2003. A similar rate hike has also been effected in a special [...]

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