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Investment Plan

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

Highest Tax Saving Bank Fixed Deposit Rates – 80C – October 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 →

SBI Recurring Deposit Features & Interest Rate – October 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 →

How to Choose between Growth or Dividend Reinvestment while Investing in Arbitrage Fund:?

Arbitrage mutual funds are good investment option for short term, especially for someone in higher tax bracket. The reason being their pre-tax return is comparable to the bank fixed deposits but is tax free if invested for more than 1 year and taxed at 15.45% if redeemed before 1 year of investment. interest on FDs are taxed […] Continue reading →