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 →
The post lists down the rate of interest on Bank fixed deposits for Senior Citizens as of June 1, 2019. 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 →
Fixed deposit with banks are the most popular investment option for regular income after retirement. But with interest rates going down retirees have started exploring other options. Systematic Withdrawal Plan (SWP) in debt fund is one such option which retirees and people looking for regular income must evaluate. As per your SWP instructions to mutual fund, […] Continue reading →
Download the excel based NSC calculator to know the maturity amount and interest eligible for tax exemption every year. Continue reading →
Interest rates quoted by banks are compound interest while annual yield is equivalent to simple interest. Understand the concept of interest rate and yield on fixed deposit to escape misselling by banks Continue reading →
Post Offices like banks offer RD (Recurring Deposits) and offer very competitive interest rates. The latest Post Office RD interest rates for 2019 (Jan to Jun) is 7.3% with tenure of 5 years. Continue reading →
Post Offices like banks offer FD (Fixed Deposits) and offer very competitive interest rates. The latest Post Office FD interest rates vary from 7% for 1-year deposit to 7.8% for 5-year deposit. Continue reading →
With popularity of Mutual Funds you must have heard “Mutual fund investments are subject to market risks. Please read the offer document carefully before investing“. But are only mutual fund investments have risk and other investments are risk-free? In fact you might not realize but what you consider as “Safest” also carries some risk. This post tells you […] Continue reading →
With the wider acceptance of Credit cards and the convenience it offers, it sometimes become necessary to have credit cards. But not everyone is eligible to have one and banks may deny credit card due to reasons like poor credit score, no regular income, and low salary among many others. Credit card against Fixed Deposit […] Continue reading →