PPF (Public Provident Fund) is one of the most popular and one of the best debt investment instruments. We have Excel based calculator for PPF Withdrawal, Loan and Maturity. PPF Calculator: This PPF calculator can calculate the maximum loan eligibility, partial withdrawal eligibility and the maturity value at the end of 15 years. It takes […] Continue reading →
ECL Finance Ltd. has come out with public issue of non-convertible debentures (NCD) offering up to 9.85% interest rate. The issue opens on July 24 and closes on August 16, 2018. ECL Finance Ltd is a non-banking finance company, focused on offering a broad suite of secured corporate loan products, retail loan products which are customized to […] Continue reading →
In the past two years the interest rate in India was following downward trend. The downward trend accelerated after demonetization as banks became flushed with cash. However, you might have been hearing headlines about increase in deposit interest rates by some major banks like SBI, Axis, HDFC bank in the last 2-3 months. Some banks […] Continue reading →
Life has become a lot more convenient with the new age banking but this convenience comes with a lot costs in terms of hidden charges. Below is the list of such charges which you might not know 1. Non Maintenance of Monthly/Quarterly Average Balance: Almost all banks insist on maintaining monthly/quarterly average balance. In case […] Continue reading →
JM Financial Credit Solutions Limited has come out with public issue of non-convertible debentures (NCD) offering up to 9.75% interest rate. The issue opens on May 28 and closes on June 20, 2018. JM Financial Credit Solutions Limited, a venture between JM Financial Limited holding 50.01% and INH Mauritius holding 48.62% is a non-banking finance company […] Continue reading →
Dewan Housing Finance Corp Ltd (DHFL) has come out with public issue of non-convertible debentures (NCD) offering up to 9.10% interest rate. The issue opens on May 22 and closes on June 4, 2018. DHFL is a deposit-taking housing finance company and among the 50 biggest financial companies in India. It is the second housing finance […] Continue reading →
You might have received Whatsapp forward or read somewhere on social media about a new proposed Financial Resolution and Deposit Insurance Bill (FRDI) which has a “Bail-in” clause where in case of bank failure, depositors money like fixed deposits, savings bank account, etc can be used to absorb bank losses. This is just a proposed bill […] Continue reading →
Our Prime Minister had announced a new Pension Scheme for Senior Citizens offering 8% returns for 10 years in December 2016. The proposal was also stated in Budget 2017. This has finally been launched on May 4, 2017 with the name of Pradhan Mantri Vaya Vandana Yojana 2017-18 (PMVVY). In this post we review PMVVY […] Continue reading →
SREI Equipment Finance has come out with public issue of non-convertible debentures (NCD) offering up to 9.60% interest rate. The issue opens on April 25 and closes on May 16, 2018. SREI Equipment Finance is joint venture of SREI and BNP Paribas and deals with financing of Infrastructure equipment in organized sector. SREI Equipment Finance […] Continue reading →