Taxation plays a very important role in the returns generated by your investment and so you should know how the investment is taxed before you choose one. We list down the most common investments and how they are taxed? Fixed Income/Debt Investments: 1. Saving Bank Account: Interest earned in Saving bank account up to Rs […] Continue reading →
Form 15G and Form 15H are self-declaration forms which can be submitted to banks and other institutions to avoid Tax deduction at source (TDS) by banks on fixed and recurring deposit. The good news is now most big banks like SBI, ICICI, HDFC, Axis bank etc allow depositors to submit Form 15G or Form 15H […] Continue reading →
There are multiple ways to buy or invest in gold but Sovereign Gold Bonds is the best way. This is because it’s safe, secure, easy to manage, no need to check for impurity and above all you are paid 2.5% interest! These Sovereign Gold Bonds are open for subscription from time to time and people […] Continue reading →
Government of India has launched the Series I for FY 2018-19 of Sovereign Gold Bonds from April 16 to 20, 2018. These bonds are investment scheme where investors could buy gold in the form of Gold Bonds from Government of India. Highlights Sovereign Gold Bond Eligibility: Resident Individuals, HUFs, trusts, universities, charitable institutions, etc Application Date: April 16 […] Continue reading →
Retirement planning is one of the most important financial goals in life of a person. Most of us have heard about Employee Provident Fund (EPF) and (Public Provident Fund) PPF for building retirement corpus but do you know how can you leverage Voluntary Provident Fund (VPF) to add zing to your corpus? What is Voluntary […] Continue reading →
Fixed Deposit is the most popular investment in India mainly due to guaranteed returns, choice of interest pay-out frequency, liquidity, safety and ease of execution. Most retired depend on the regular interest earned from fixed deposit for their day to day expenses. Here are 13 most important things you should know before investing in Fixed […] Continue reading →
Form 15G and Form 15H are self-declaration forms which can be submitted to banks and other institutions to avoid Tax deduction at source (TDS) by banks on fixed and recurring deposit. The post covers the following: Who is eligible to submit Form 15G and Form 15H? Where can Form 15G/H be used? Step by Step […] Continue reading →
The post lists down the rate of interest on Bank fixed deposits for Senior Citizens as of April 1, 2018. You might want to bookmark this page as the FD interest rates would be updated every month. Would help you in better decision making. Fixed Deposit Highlights: Most banks offer FDs for tenure of 7 Days to […] Continue reading →
The interest rates offered by banks on their fixed deposits have come down significantly in last few months. Most banks are offering interests in the range of 6% to 7% on their fixed deposits. This has created problem for people who depend on bank fixed deposit for their income. However some best rated companies and institutions […] Continue reading →