Good News For Senior Citizens! SBI We-Care Deposit Term Has Been Extended

As senior citizens gets lumpsum amount during retirement and they won’t get regular income(except pension)thereafter, generally senior citizens rely on fixed deposits as they can’t take risk with their hard-earned money. But the recent interest rates fall in bank fixed deposits makes them worrisome. At that time India’s leading public sector bank SBI has comeContinue reading “Good News For Senior Citizens! SBI We-Care Deposit Term Has Been Extended”

Consider “Systematic Withdrawal Plan”(SWP)For Regular Income

Previously retirees rely on dividends for their regular income. Now it was re-named as Income Distribution Cum Capital Withdrawal Plan. Whatever the name is Perception of IDCW(Income Distribution Cum Capital Withdrawal)has changed. This is due to resurgence of tax in the hands of the investors where “The income derived from the IDCW is included toContinue reading “Consider “Systematic Withdrawal Plan”(SWP)For Regular Income”