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PPF

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 [...]

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. [...]

Whose name can Tax Saving investment be done?

We know that we can save taxes by investing in various instruments. But a few days back I got queries on whose name can various investments eligible for tax saving investment be done. There are people who want to invest in their wife’s or child’s name or jointly and claim tax exemption on the same. [...]

Ennore Port Ltd Tax Free Bonds – March 2013 – Review

A lot of companies like REC, IRFC, PFC and HUDCO have their tranche – II of Tax free bonds open for subscription. A lesser known company Ennore Port Ltd too have come with their tax free bonds. Here are the details Ennore Port Ltd Tax Free Bonds – Significant Points: Offer Period: February 28 – March 15, 2013 (the offer [...]

HUDCO Tax Free Bonds (Tranche- II) – March 2013 – Review

There have been series of Tax free bonds in last two months from likes of HUDCO, IIFCL, REC, PFC and IRFC. REC, IRFC, PFC had come out with its Tranche- II of Tax Free Bonds and now HUDCO (Housing and Urban Development Corporation Limited) too has come out with tranche – II of Tax free bonds which would be open for subscription [...]

REC Tax Free Bonds (Tranche- II) – March 2013 – Review

There have been series of Tax free bonds in last two months from likes of HUDCO, IIFCL, REC, PFC and IRFC. IRFC, PFC had come out with its Tranche- II of Tax Free Bonds and now REC (Rural Electrification Corporation Limited) too has come out with tranche – II of Tax free bonds which would be open for subscription between February 25 [...]

IRFC Tax Free Bonds (Tranche- II) – Feb 2013 – Review

There have been series of Tax free bonds in last two months from likes of HUDCO, IIFCL, REC, PFC and IRFC. PFC had come out with its Tranche- II of Tax Free Bonds and now IRFC (Indian Railway Finance Corporation) too has come out with tranche – II of Tax free bonds which would be open for subscription between February [...]

PFC Tax Free Bonds – Feb 2013 – Review

There have been series of Tax free bonds in last two months from likes of HUDCO, IIFCL, REC and IRFC. Now PFC (Power Finance Corporation) has come out again with its Tax free bonds which would be open for subscription till March 15, 2013. PFC Tax Free Bonds – Significant Points: Offer Period: February 18 – [...]

IRFC Tax Free Bonds – Jan 2013 – Review

After Rural Electrification Corporation (REC), Power Finance Corporation (PFC) and India Infrastructure Finance Company (IIFCL), Housing and Urban Development Corporation (HUDCO) Tax Free bonds, another Government-controlled company - Indian Railway Finance Corporation (IRFC), is issuing tax-free bonds between January 21 and January 29, 2013. IRFC Tax Free Bonds – Significant Points: Offer Period: January 21 – January 29, 2013 (the offer can be [...]

HUDCO Tax Free Bonds – Jan 2013 – Review

After Rural Electrification Corporation (REC), Power Finance Corporation (PFC) and India Infrastructure Finance Company (IIFCL) Tax Free bonds, another Government-controlled company - Housing and Urban Development Corporation (HUDCO), is issuing tax-free bonds between January 9 and January 22, 2013. HUDCO Tax Free Bonds – Significant Points: Offer Period: January 9 – January 22, 2013 (the offer can be pre-closed [...]

LIC Flexi Plus Plan – Review

January to March are the months when people rush to make Tax Saving Investments. Insurance companies know this and they launch newer products to get a pie of this. Keeping with these traditions LIC has launched Flexi Plus – a Unit Linked Insurance Plan (ULIP). LIC Flexi Plus – Features: Sum Assured is 10 times [...]

12 Changes in 2012 that impacts your Investment

Today is the last day of 2012 and thanks to SEBI, RBI, and Finance Ministry among others which made some significant changes in your personal finance and investment. I have listed 12 of them. 1. One Scheme One Plan for Mutual Funds: Mutual Funds till now had multiple version of the same scheme – one [...]

IIFCL Tax Free Bonds – Dec 2012 – Review

After Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) Tax Free bonds, India Infrastructure Finance Company (IIFCL), another Government-controlled company, is issuing tax-free bonds between December 26 and January 11. IIFCL Tax Free Bonds – Significant Points: Offer Period: December 26, 2012 – January 11, 2013 (the offer can be pre-closed on full subscription) [...]

Tax Treatment for Various Financial Assets

Tax Treatment of Various Financial Instruments

Taxation on your investment is as important as the return on Investment. All financial instruments go through three stages Investment Earning Withdrawal The tax rules vary across the above three phases. This post would tell you how different financial Instruments are taxed in these three phases and what would be its impact on you. Based on [...]

Bajaj Allianz Cash Rich Insurance Plan – Review

Bajaj Allianz is heavily promoting its Cash Rich Insurance Plan as a retirement solution through all kinds of media. But does the plan do what it promises? Cash rich insurance plan is essentially a money-back plan that gives the flexibility to choose the premium paying term as well as the money-back term. The policy can [...]

Personal Finance: Changes from April 2012

With start of new financial year 2012-13, a lot would change from today in personal finance space. Here is the list. Good News: Increased Interest on Small Savings Scheme like PPF, NSC, etc: The government has increased interest rates on post office deposits like PPF, NSC, Fixed Deposit, Recurring Deposit, and Senior citizen Scheme in [...]

PPF, Post Office Deposit Interest Rates to go up

PPF, Post Office Deposit Interest Rates go up from April 2012

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, [...]

GPF interest rate rises to 8.6%

After rate cut in EPF (Employees’ Provident Fund), there is some good news for all Government Employees. The interest rate on government employees’ retirement savings parked in the General Provident Fund (GPF) has increased from 8% to 8.6%. This is first increase after 2003. A similar rate hike has also been effected in a special [...]

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