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 →
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 →
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 →
Muthoot Finance, the dominant player in Gold Loan Business has come out with public issue of non-convertible debentures (NCD) offering up to 9.00% interest rate. The issue would open on April 9 and would close on May 8, 2018. Muthoot Finance NCD – Significant Points: Offer Period: April 9 to May 8, 2018 Annual Interest Rates for Retail Investors: […] Continue reading →
Kosamattam Finance has come out with 13th public issue of non-convertible debentures (NCD) offering up to 10% interest rate. The issue is already open for subscription and closes on April 13, 2018. Kosamattam Finance Ltd is a Kerala Based NBFC engaged in gold loan finance business. They lend money against the pledge of household Jewellery in the […] Continue reading →
Edelweiss Retail Finance has come out with public issue of non-convertible debentures (NCD) offering up to 9.25% interest rate. The issue opens on March 7 and closes on March 22, 2018. Edelweiss Retail Finance Ltd is a non-banking finance company, offering wide range of Housing Finance and other retail credit products like Housing loan, Loan against […] Continue reading →