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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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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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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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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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 SUVRIDDHI (Tax Saving) Term Deposit Scheme: It is a tax saving deposit scheme for [...]
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Housing & Urban Development Corporation Ltd. (HUDCO) is a public sector company fully owned by Govt. of India for financing of housing and urban infrastructure activities in India. HUDCO was incorporated on April 25, 1970. Features and Benefits of HUDCO Public Deposit Scheme: Credit Rating ‘tAA+(ind)’ by FITCH and ‘CARE AA+(FD)’ by CARE Easy Liquidity [...]
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PNB Housing Finance Ltd. was incorporated in 1988 and operates as a subsidiary of Punjab National Bank. It is based in New Delhi, India with branches in all major cities in India. PNB Housing Finance, Ltd. offers loans for purchase/construction of property, flat, houses, and apartments to resident Indians and NRIs. Features and Benefits of PNB Housing [...]
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Can Fin Homes is the first bank sponsored Housing Finance Company in India and was set up under the sponsorship of Canara Bank in 1987. CFHL’s Deposit programme enjoys “MAA+” rating, which is the highest possible under High Safety rating. Interest rates effective from: August 25, 2011
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The Kerala State Financial Enterprises Limited, popularly known as KSFE, Is a Miscellaneous Non-Banking Company, Is fully owned by the Government of Kerala. Is one of the most profit-making public sector undertaking of the State. Was created by the Government of Kerala with the objective of providing an alternative to the private chit promoters in [...]
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Export-Import Bank of India is the premier export finance institution of the country, set up in 1982 under the Export-Import Bank of India Act 1981. Features and Benefits of Exim Bank Term Deposit Scheme: The benefit of future increases in interest rates will be available to the existing term deposits for the residual period (above one [...]
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Company Profile: KTDFC KTDFC (Kerala State Road Transport Corporation) is a Kerala Government owned Non Banking Financial Company registered under the Reserve Bank of India. The main objectives of KTDFC are Finance Transport Vehicles, Workshops and Machinery Financial Arrangements for Acquisition of Transport Vehicles and Machinery Assist Transport Undertakings to get loans
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Small Industries Development Bank of India (SIDBI) is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises in India. It is the apex body and nodal agency for formulating, coordination and monitoring the policies and programme for promotion and development of small scale industries. Salient features of SIDBI [...]
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