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, [...]
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After rate cuts in EPF (Employees’ Provident Fund) and increase in service tax, there is some good news for individuals. The government is raising the interest rate on small savings schemes such as National Savings Certificate (NSC), post office deposits and PPF (Public Provident Fund) by 0.2%- 0.5%. The increase in interest rate would be [...]
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Muthoot Finance NCD issue closure date has been extended to April 09, 2012. Earlier it was to close on March 17, 2012. I have reviewed Muthoot Finance NCD in an earlier post.
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Rural Electrification Corporation (REC), Govt of India undertaking Navratna company has come up with a issue of secured, tax free bonds of size 1500 crore with option to retain over subscription of up to Rs. 3000 crore. Highlights of Rural Electrification Corporation Tax Free Bonds: The income by way of interest on these Bonds is [...]
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Muthoot Finance - India largest gold loan company has once again come out with NCD (non-convertible debentures) offering 13 – 13.25% interest in 2, 3 and 5 years tenors. It also has a product which doubles your money in 66 months offering a pre-tax yield of 13.46 per cent. Salient Features: Muthoot Finance NCD These NCDs are available [...]
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Below is the list of top 5 bank fixed deposit rates for tenure of 1, 2 ,3 and 5 years. Best Fixed Deposit Rates for Tenure of 1 Year Banks Interest Rate (%) Maturity Amount for Rs. 10,000 Lakshmi Vilas Bank 10.50% 11,092 Karnatka Bank 9.75% 11,011 Catholic Syrian Bank 9.60% 10,995 Dena Bank 9.50% [...]
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PFC (Power Finance Corporation) has launched Tax Free Secured NCD offering interest rate of 8.2% – 8.3% per annum. This is a good opprtunity to lock into such interest rates especially for people in highest tax bracket. The interest of 8.3% per annum is equivalent of 12% pre tax interest rate for people in highest tax [...]
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NHAI (National Highway Authority of India) has launched Tax Free Secured NCD offering interest rate of 8.2% – 8.3% per annum. This is a good opprtunity to lock into such interest rates especially for people in highest tax bracket. The interest of 8.3% per annum is equivalent of 12% pre tax interest rate for people in [...]
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Muthoot Finance – India largest gold loan company has come out with NCD (non-convertible debentures) offering 13 – 13.25% interest in 2, 3 and 5 years tenors. It also has a product which doubles your money in 66 months offering a pre-tax yield of 13.46 per cent. Salient Features: Muthoot Finance NCD These NCDs are available only [...]
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Recently Government of India has revised interest rates and maturity periods for its small saving schemes. These small saving schemes include – Post Office Savings Account, Post Office Recurring Deposit, Monthly Income Account Scheme, Post Office Time Deposit, NSC, PPF, KVP, Senior citizens savings scheme and more. The post below briefs about all these schemes. Post Office Savings Account [...]
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Company Profile: Raj Oil Mills Ltd. Beginning with the production of Mustard oil, the organisation since then has brought into the market a number of quality products and enjoyed the trust of millions of consumers. Raj Oil Mills Limited continues to remain a landmark organization for both its employees and dedicated customers. Making its promise of [...]
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National Housing Bank (NHB) is a statutory organization that was established on July 9, 1988. It is the apex level financial institution for the housing sector in the country and a wholly owned subsidiary of the Reserve Bank of India. NHB is offering three deposit schemes at attractive rates of interest. NHB SUNIDHI Term Deposit [...]
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With rising interest rates and volatile market investors are looking for save heavens. And the most popular instrument is Bank Fixed Deposits. But with rising interest rate coupled with tougher loan criteria from banks, companies have come out with attractive fixed deposit schemes with attractive interest rates. These are also known as Corporate fixed deposits [...]
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Company Profile: Jaiprakash Associates Ltd Incorporated in 1995, the Jaypee Group had a market capitalisation of Rs. 34,000 Crores with 4 Lacs+ shareholder & 56,000 depositors. Started as an Engineering company and has later on diversified its business into various segments. Currently the group has its presence in following sectors : Engineering & Construction Cement Manufacturing Hydro, Thermal [...]
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