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Fixed Income

PMVVY (Pradhan Mantri Vaya Vandana Yojana) 2017: Pension Scheme for Senior Citizens

Pradhan Mantri Vaya Vandana Yojana - PMVVY 2017 Our Prime Minister had announced a new Pension Scheme for Senior Citizens offering 8% returns for 10 years in December 2016. The proposal was also stated in Budget 2017. This has finally been launched on May 4, 2017 with the name of Pradhan Mantri Vaya Vandana Yojana 2017-18 (PMVVY). In this post we review PMVVY […] Continue reading →

SBI Recurring Deposit Features & Interest Rate – August 2017

SBI Recurring Deposit Below are the features, interest rates, maturity amount along with other details for SBI Recurring deposit. SBI Recurring Deposit Scheme – Features: Maturity from 12 to 120 Months Nomination facility available The minimum amount of monthly installment shall be Rs 100. The amount of installment and number of installment can not be changed after opening of […] Continue reading →

Sovereign Gold Bond – July 2017 – Review & How to Apply?

Sovereign Gold Bond - Tranche IX - July 2017 Government of India has launched the eighth tranche (Series II for FY 2017-18) of Sovereign Gold Bonds from July 10 to 14, 2017. These bonds are investment scheme where investors could buy gold in the form of Gold Bonds from Government of India. Highlights Sovereign Gold Bond Eligibility: Resident Individuals, HUFs, trusts, universities, charitable institutions, etc Application Date: July 10 […] Continue reading →

8.05% Mahindra Financial Services NCD – July’17 – Should you Invest?

Mahindra Finance NCD – July 17 – Should you Invest? Mahindra & Mahindra Financial Services Ltd, a leading rural non-banking financial company has come out with public issue of non-convertible debentures (NCD) offering up to 8.05% interest rate. The issue would open on July 10 and would close on July 28, 2017. M&M Finance NCD – Significant Points: Offer Period: July 10 to 28, 2017 Annual Interest […] Continue reading →

Highest Tax Saving Bank Fixed Deposit Rates U/S 80C – August 2017

Highest Tax Saving Bank Fixed Deposit Rates – 80C – August 2017 Tax Saving Fixed Deposits one of the most popular way to save taxes u/s 80C of income tax. These are like normal Fixed Deposit with banks but is labeled as “Tax Saving FD” while making the deposit. Why you Should Invest? Convenient to invest. ICICI Bank, SBI, HDFC Bank, etc offers online facility for Tax […] Continue reading →

Best Interest Rate on Recurring Deposits for Senior Citizens – July 2017

Highest Interest Rate on Recurring Deposits for Senior Citizens - July 2017 Recurring deposits (RD) with banks are one of the most popular investment options for people with regular income. RD enables to deposit fixed amount every month for a pre-defined period which earns interest similar to Fixed Deposits (FD). You might want to bookmark this page as the RD interest rates would be updated every month […] Continue reading →