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 [...]
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PFS with its infrastructure bond has given you one more option for investment under Section 80CCF in March 2012 as the closing dates have been extended to March 23, 2012. Earlier it was to close on February 29, 2012. PFS Infrastructure Bond Details: Should you invest in PFS Tax Saving Infrastructure Bond? Most of the other Infra bonds offer [...]
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IDFC with its infrastructure bond has given you one more option for investment under Section 80CCF in March 2012. IDFC Infrastructure Bond Details: IDFC Infrastructure Bond Features: The bonds don’t attract any TDS in case the investments are in demat form The bonds are available in Demat & Physical form The bonds will be listed [...]
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ELSS (Equity Linked Saving Scheme) also popularly known as Tax Saving Mutual Funds are one of the best investments you can do to save tax and create wealth in the long run. But unfortunately according to the proposed direct tax code ELSS would be a thing of past and it would no more be eligible as [...]
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SBI recently advertised how the fixed deposits offered by SBI under Section 80C helps you save tax and the effective yield. But this is pre tax return. The interest you get is taxable in case of above deposits. Since they have assumed tax bracket of 30%, your post tax yield would come to 14.15% (from [...]
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Bajaj Allianz Guaranteed Maturity Insurance Plan: It is a single-premium unit-linked insurance plan (Ulip) that promises a maturity corpus of at least twice the premium paid. It also provides an insurance cover during the term. The minimum premium under this plan is Rs 5,000, which is also the cost of one guaranteed maturity certificate. Under [...]
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If you have still not invested in Infrastructure Bond for FY 2011 – 12, you are further spoiled for choice. SERI is latest entrant offering 8.9% – 9.15% interest per annum. The table below gives the details of the issue: Face Value Rs. 1,000/- per bond Minimum Application Rs. 1,000/- (i.e. 1 Bond) Issue Schedule [...]
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In a few weeks most of salaried people have to submit their tax saving investment proofs and this is the time when we all rush to make our investments. Also with stock markets in doldrums for the year a lot of you might be interested in fixed deposits. I have compiled the prevailing interest rates [...]
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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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There has been a series of Infrastructure launches one after the other. L&T & IDFC had successfully closed their infrastructure bond isues and not its IFCI and REC (Rural Electrification Corporation Limited) Infrastructue Bonds. You can invest in the same upto Rs. 20,000 to save tax. Below are the details of the same. Face Value Rs. [...]
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IFCI is once again out with infrastructure bonds – IFCI Tax Saving Long Term Infrastructure Bonds–Series IV. You can invest in the same upto Rs. 20,000 to save tax. Below are the details of the same. Rating ‘BWR AA-’ by Brickwork Ratings India Pvt. Limited CARE‘A+’ by CARE Ratings (Credit Analysis & Research Ltd.) ‘LA’ by [...]
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IDFC is once again out with infrastructure bonds – IDFC Tax Saving Long Term Infrastructure Bonds. You can invest in the same upto Rs. 20,000 to save tax. Below are the details of the same. These bonds have got the highest credit rating of (ICRA) AAA by ICRA and Fitch AAA (ind) by Fitch. Issue [...]
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There has been a series of Infrastructure launches one after the other. First in 2011 was IFCI and now its Power Finance Corporation (PFC) Infrastructue Bonds. You can invest in the same upto Rs. 20,000 to save tax. Below are the details of the same. Rating “AAA/Stable” from CRISIL and “AAA with stable outlook” from ICRA [...]
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IFCI is once again out with infrastructure bonds – IFCI Tax Saving Long Term Infrastructure Bonds–Series III. You can invest in the same upto Rs. 20,000 to save tax. Below are the details of the same. Rating ‘BWR AA-’ by Brickwork Ratings India Pvt. Limited CARE‘A+’ by CARE Ratings (Credit Analysis & Research Ltd.) ‘LA’ by [...]
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