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Fixed Income

Capital protection plan – Do it yourself

Capital Protection Fund – Do it yourself!

In recent few days there have been a deluge of Capital Protection Funds from Mutual Fund houses. I have often been asked should I invest in these Capital Protection Funds? What is Capital Protection Fund? We hate to loose our hard earned money. Taking advantage of this emotion, Mutual Funds launch Capital Protection Fund when the stock [...]

SRS Limited Fixed Deposit Scheme – April 2013

SRS Limited, the NCR based company is offering Fixed Deposit Scheme for 1 to 3 years tenure offering 12% – 12.5% Annual Interest. Scheme Highlights: Minimum Amount of deposit to be accepted is Rs.20,000/- and in multiple of Rs. 1,000/- thereafter. For Scheme A (Non Cumulative), interest will be compounded monthly and payable quarterly. For [...]

REC Bonds to Save Long Term Capital Gains Tax u/s 54EC

After NHAI, REC (Rural Electrification Corporation Ltd) too has come up with its fresh issue of Capital Gains Bonds (Series IX) of Rs 1,000 crores. REC Capital Gains Bonds – Significant Points: Offer Period: April 1, 2013 – March 31, 2014. So you can invest in these bonds for the entire financial year of 2013-14 Annual Interest Rates: 6% [...]

NHAI Capital Gains Bonds to Save Long Term Capital Gains Tax u/s 54EC

In case you are looking to save your long term capital gains, National Highways Authority of India (NHAI) has come up with its fresh issue of Capital Gains Bonds (Series XIV) of Rs 4,000 crores. NHAI Capital Gains Bonds – Significant Points: Offer Period: April 1, 2013 – March 31, 2014. So you can invest in these [...]

SREI Infrastructure Finance Ltd NCD – April 2013 Review

SREI Infrastructure Finance Ltd one of the leading infrastructure companies in India has come out with Secured Redeemable Non Convertible Debentures (NCDs) of Rs 75 crore with over-subscription of additional Rs 75 crore. SREI Infrastructure Finance Ltd NCD – Significant Points: Offer Period: April 4 – April 25, 2013 Annual Interest Rates for Retail Investors: [...]

How safe is your Bank Fixed Deposit?

Most people consider their bank fixed deposits extremely safe but some recent events in Cyprus (an euro zone country) bust this myth of safety of bank deposits. The Cyprus government has decided to use the depositors’ money in bank account to pay off its debts. Deposits greater than €100,000 were frozen by the government but [...]

Interest on PPF, NSC, Post Office Deposits cut by 0.1% from April 2013

The Interest Rates on Small Saving Schemes like PPF (Public Provident Fund), SCSS (Senior Citizens Saving Scheme), NSC (National Saving Certificate), Monthly Income Scheme (MIS), Post Office Recurring Deposit (RD) and Post Office Term Deposits have been cut by 0.1%. However the interest rate on term deposit for 1 Year and the Post Office Savings account have remained [...]

Which Tax Free Bond to Invest?

As of writing this post, there are 9 companies who have their Tax Free bonds open for subscription. These are listed below in alphabetical order. Dredging Corporation of India Tax Free Bonds Ennore Port Tax Free Bonds HUDCO Tax Free Bonds Tranche II IIFCL Tax Free Bonds Tranche II IRFC Tax Free Bonds JNPT Tax [...]

Dredging Corporation of India Tax Free Bonds – Review – March 2013

The bonds market is already abuzz with Tax free bonds and now Dredging Corporation of India is coming out with its Rs. 500 crore public issue of tax free secured redeemable non-convertible bonds. Here are the details Dredging Corporation of India Tax Free Bonds – Significant Points: Offer Period: March 7 – March 15, 2013 (the offer can be pre-closed [...]

JNPT Tax Free Bonds – March 2013 – Review

The bonds market is already abuzz with Tax free bonds and now The Jawaharlal Nehru Port Trust (JNPT) is coming out with its tax free bonds for Rs 500 crores. Here are the details JNPT Tax Free Bonds – Significant Points: Offer Period: March 11 – March 15, 2013 (the offer can be pre-closed on full subscription) Annual [...]

National Housing Bank (NHB) Tax Free Bonds – March 2013 – Review

The bonds market is already abuzz with Tax free bonds and now The National Housing Bank (NHB) is coming out with its tax free bonds for Rs 3,750 crores. Here are the details NHB Tax Free Bonds – Significant Points: Offer Period: March 11 – March 15, 2013 (the offer can be pre-closed on full subscription) Annual Interest Rates [...]

How are you losing Money by investing in Fixed Deposits?

Most people believe fixed deposits to be the safest investment possible as its value never go down, there is no perceived risk of bank defaulting on payments and you can do FD online just on click of few buttons. But have you realized that investing in fixed deposit might be making some of you poorer. [...]

IIFCL Tax Free Bonds (Tranche II) – March 2013 – Review

There a lot of companies trying to raise funds through the Tax free bonds route before the Financial Year ends. The latest to join is India Infrastructure Finance Company (IIFCL), another Government-controlled company, issuing tranche 2 of tax-free bonds between February 25 and March 15. IIFCL Tax Free Bonds – Significant Points: Offer Period: February 25, [...]

Best Tax Saving Fixed Deposit Rates U/S 80C – March 2013

Its last month of the Financial Year and in case you have not yet invested completely for your 1 Lakh Tax exemption u/s 80C and looking for Tax Saving Fixed Deposit (FD) Schemes, here is the list of top 30 banks with their Interest Rates. The best Tax Saving Fixed Deposit Interest offered is 9.50% [...]

50 Best Fixed Deposit Rates for Senior Citizens – March 2013

I had written about 50 Best Fixed Deposit Schemes for General Public and I got request to publish a similar list for Senior Citizens. Historically banks used to give at least 0.5% more interest to senior citizens. But things are changing now. Recently State Bank of India (SBI) and Punjab National Bank (PNB) have revised their [...]

50 Best Bank Fixed Deposit Schemes – March 2013

With Budget 2013, there is speculation that Reserve Bank of India (RBI) would reduce interest rates going forward. This might decrease your EMI burden but would negatively impact people who invest in Fixed Deposits. We have already seen the interest rates on Tax Free Bonds have already come down. I was also expecting fall in [...]

SBI Tax Saving Fixed Deposit - March 2013

SBI revises Tax Saving Fixed Deposit Rate to 8.75%

State bank of India (SBI) has revised the interest rate on its Tax Saving Fixed Deposit Scheme to 8.75% for General Public while interest rate for Senior citizens has remained the same at 9.00%. As I have pointed out earlier, if you see the advertisement by SBI, it promises annual yield of 17.39% for Senior [...]

SBI NRE-NRO, Senior Citizen, Domestic Fixed Deposit Rates – March 2013

SBI NRE/NRO, Senior Citizen Fixed Deposit Rates – March 2013

State Bank of India (SBI) had increased its fixed deposit rates by 0.25% on certain maturities from March 1, 2013. With the revision, the interest rate on 1-2 years fixed deposit would go up to 8.75 per cent, from 8.50 per cent. Similarly, term deposit 2-3 years, 3-5 years and 5-10 years would also earn higher [...]

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