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”

Do You Want Better Returns Than Bank FD? Consider Post Office Time Deposit

India is said to be a saving economy, it implicates natuural saving culture of Indians. But from the past few years banks are decreasing interest rates which hurts the savings culture. Today Many savers are not interested to do bank fixed deposits(FD) due to falling interest rates. But there’s still a hope to them inContinue reading “Do You Want Better Returns Than Bank FD? Consider Post Office Time Deposit”

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”

Benefits of Taking Housing Loan

Having a own house is a dream to many people! But due to rising prices, they can’t afford to buy their dream home right now! In olden days, people save money and fulfill their dream house during their retirement, but the generation has changed! Today many people are preferring to take home loans instead ofContinue reading “Benefits of Taking Housing Loan”

PPF a/c Pre-Mature Closure Terms and Conditions

We all are aware that PPF(Public Provident Fund)is a long-term savings tool. It is a government backed social security scheme so there is no risk associated with the capital and the interest accrued! As we all know that PPF is locked for 15 full financial years. But we can withdraw/ take loan from the existingContinue reading “PPF a/c Pre-Mature Closure Terms and Conditions”

How To Avail Tax Exemption On Home Loan

Everyone dream to have a own house! It’s natural! But it is not possible for everyone to own a house with their minimal salaries! Even their salaries permits, they tend to spend on unnecessary things neglecting the dream further! To avoid this, every salaried individual(subject to the income levels) can plan for home loan. ByContinue reading “How To Avail Tax Exemption On Home Loan”