Central Government keeps small savings interest rates unchanged for the 9th consecutive Quarter

We all know that central government revises small savings interest rates every Quarter(3 Months). But even RBI insists that small savings schemes interest rates are far higher than bank fixed deposits, central government keeps small savings interest rates unchanged for the 9th consecutive Quarter though there are rumours that central government will revises small savingsContinue reading “Central Government keeps small savings interest rates unchanged for the 9th consecutive Quarter”

ELSS Significance and its Tax Implicability

Equity Linked Savings Schemes(ELSS) allows tax exemption up to 1.5 Lakh per financial year. They are becoming more popular due to its lowest lock-in of 3 years. That Means, the investor can’t redeem the corpus in the interim, he can only redeem after completion of 3 years, The same applies to SIP too! As everyContinue reading “ELSS Significance and its Tax Implicability”