India Post Offers These Interest Rates On Small Savings Schemes
Edited by Abhishek | Tuesday February 09, 2021Income tax benefits are available on Time Deposit (TD), Senior Citizen Savings Scheme (SCSS), Public Provident Fund (PPF) and National Savings Certificates (NSCs).
Rs 103 Crore In 1 Account: Government Clarifies On Taxing PF Contributions
Edited by Peter Noronha | Thursday February 04, 2021In her budget 2021 announcements, the finance minister had proposed that interest earned on employee's contribution above Rs 2.5 lakh in a year will become taxable in the hands of the employee
Provident Fund Interest To Be Paid In A Single Instance, Not In Two Instalments: Sources
Reported by Himanshu Shekhar Mishra, Edited by Abhishek Vasudev | Wednesday December 09, 2020EPFO received good returns from the sale of ETFs and is in now in a position to transfer the entire tranche of interest payments to subscribers in one go.
Check Latest Post Office Small Savings Scheme Interest Rates Here
Edited by Abhishek | Tuesday December 01, 2020India Post, through its vast network of post offices across the country, offers a whole host of government's small savings scheme like Senior Citizen Savings Scheme, Monthly Income Account, Public Provident Fund (PPF) Scheme, Kisan Vikas Patra and Sukanya Samriddhi Yojana (SSY) Account Scheme among other saving schemes.
Gold Jewellery, Funds Or Bonds? When To Go For Which
Edited by Peter Noronha | Thursday November 19, 2020Just like stocks, gold ETFs are listed and can be traded on the stock exchanges on a regular basis, ensuring adequate liquidity and ease of investment.
Five Rules For Being Financially Healthy And Independent
Edited by Peter Noronha | Thursday November 19, 2020Investment is a specialized field and more so in today's times, given the diversity and complexity of investment products on offer.
Diwali: A Good Time To Start The Investment Journey
Edited by Peter Noronha | Friday November 13, 2020Investment options this Diwali: A host of investment avenues, ranging from equities and index funds to corporate bonds and gold, can create wealth and achieve financial security for the future.
Corona Kavach and Corona Rakshak: Financial Protection Against Covid19
Edited by Peter Noronha | Sunday August 02, 2020Corona Kavach is an indemnity policy, which reimburses the costs incurred in treatment of Covid-19, while Corona Rakshak is benefit-based plan that provides a fixed sum of money.
Bharat Bond ETF Subscribed Over 3 Times, Fetches Rs 10,000 Crore
Edited by Peter Noronha | Sunday July 19, 2020The second tranche of Bharat Bond ETF (exchange-traded fund), which closed on July 17, was over-subscribed by more than 3 times and garnered around Rs 10,000 crore.
SBI Cuts Interest Rates On Saving Deposits
Edited by Peter Noronha | Wednesday June 03, 2020SBI saving deposits accounts with a balance of up to Rs 1 lakh will earn interest of 2.7 per cent, which is a reduction of 5 basis points compared to the existing interest rate of 2.75 per cent.
ICICI Bank Cuts Interest Rates On Saving Deposits
Edited by Peter Noronha | Wednesday June 03, 2020The private sector lender has cut interest rate on all deposits of less than Rs 50 lakh to 3 per cent, a reduction of by 25 bps against the existing 3.25 per cent.
Government To Issue Sovereign Gold Bonds With Interest Rate Of 2.5%
Reuters | Tuesday April 14, 2020The bonds will have a tenor of eight years but investors will have the option to exit after the fifth year.
India's Ultra-Wealthy Prefer Investing In Equities: Report
IANS | Thursday March 05, 2020Equity is the the most attractive asset class for investments among the ultra-high-net-worth individuals (UHNWIs) of India despite the global headwinds, according to a Knight Frank report. As per the Knight Frank's Wealth Report 2020, 83 per cent of ultra-high-net-worth-individuals in India are planning to increase or maintain their allocations in equities, followed by bonds (77 per cent) and ahead of property (51 per cent).
Keen On Separate Fund For Private Sector Employees: Pension Regulator
Indo-Asian News Service | Thursday February 27, 2020, New Delhi"We are looking forward to a separate trust for only private sector pension funds. There is a suggestion in the amendment that we have proposed that there can be more than one trust also. It may be so that we will have a different trust looking after the private sector funds. Today, the structure is NPS Trust is looking after everything - both private and government sector. All the funds are in one pool, though there is segregation of funds from both sides," he said.
Provident Fund Body To Start E-Inspection To Monitor Compliance
Press Trust of India | Friday February 21, 2020Employees' Provident Fund Organisation (EPFO) will shortly launch an e-inspection system across the country for monitoring of voluntary compliance of EPF scheme by employers, an official said on Friday.