ApnaPlan.com – Personal Finance Investment Ideas

Sukanya Samriddhi interest raised to 9.2% while PPF remains at 8.7% for FY 2015-16

Fixed Deposit, Fixed Income, Recurring Deposit

Sukanya Samriddhi - PPF Interest Rate for FY 2015-16

Government has declared the interest rates to be paid on small saving schemes for FY 2015-16. These interest rates are revised at the start of every Financial Year. The interest paid on Sukanya Samriddhi Account has been raised to 9.2% from existing 9.1%. The investors of Senior Citizens Savings Scheme (SCSS) would also get increased […]

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10.8% Muthoot Finance NCD – March/April 2015 – Should you Invest?

Bonds, Fixed Income, NCDs

Muthoot Finance, the dominant player in Gold Loan Business has come out with public issue of non-convertible debentures (NCD) offering up to 10.80% interest rate. The issue opens today and closes on April 27, 2015. Muthoot Finance NCD – Significant Points: Offer Period: March 25 – April 27, 2015 Annual Interest Rates for Retail Investors: 9.75% to

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Banking to get more Expensive from April 1, 2015

Fixed Income, Saving Account

Earlier I had written about how banks are unethically debiting customer accounts on account of their hidden charges. Come April 1 and some private banks would be increasing their service charges making banking even more expensive. Non-maintenance of Minimum Average Monthly Balance: Most private banks have steeply increased the he charges on non-maintenance of minimum

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Does Your Life Insurance Offers Tax Benefit?

Insurance, Investment Plan, Life Insurance

We are at the end of Financial year and all life insurance companies have launched some new plans to cash in the last minute “tax saving” frenzy. But do you know that some of life insurance policies might not give you the desired tax benefit both at the time of investment and also at the

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19 Ways Budget 2015 Impacts our Spending, Saving, Investment and Taxation

Budget, Budget 2015

Budget 2015 - Impact on Spending, Saving, Investment & Taxation

We have already discussed the impact of Budget 2015 on Income Tax and TDS. This post covers other aspects which would directly or indirectly impact us. 1. Wealth tax abolished. 2. The highest tax slab has increased to 34.6% from 33.99% due to 2% increase in cess for super rich (people with annual income of

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