Every major Mutual Fund Organization (MFO) in India has introduced at least a dozen schemes. These schemes are initiated and offered to the public, targeting different investor groups. You have a choice of selecting a suitable scheme. Mutual Fund products can be classified based on their underlying portfolio composition such as the asset class the…
The government issued a notification on November 9, 2023, making several important changes in the popular Senior Citizen’s Savings Scheme (SCSS), Public Provident Fund (PPF), and 5-year post office time deposit. As per new rules, individuals of 55 Years and above who retired before 60 years of age can invest the retirement benefits in the…
Originally posted on December 21, 2019, updated on 09.11.2023 The government issued a notification on November 9, 2023, making several important changes in the popular Senior Citizen’s Savings Scheme (SCSS), Public Provident Fund (PPF), and 5-year post office time deposit. New rules for premature closure of Account: The earlier rule says; “Provided further that on…
Originally posted on October 26, 2022, updated on November 9, 2023: The government issued a notification on November 9, 2023, making several important changes in the popular Senior Citizen’s Savings Scheme (SCSS), Public Provident Fund (PPF), and 5-year post office time deposit. As per new rules, individuals of 55 Years and above who retired before 60 years…
An investment made in India by foreign entities, non-resident Indians, and persons of Indian origin in Indian securities including shares, government bonds, corporate bonds, convertible securities, infrastructure securities, etc., is known as foreign investment in India. Based on the type of foreign Investments, they are classified as below. Foreign Direct Investment (FDI) Foreign Portfolio Investment…
Salient features in the modified policy are as under 1. Top up and Super top-up is one and the same: 2. As per the expiring terms and conditions, domiciliary treatment will remain 10% of Base policy Sum Insured opted even for those who opted Single Person rate. 3. Domiciliary treatment is not covered under Top…
As per a notification by the finance ministry on September 29, the rate of interest on the five-year recurring deposit has been increased to 6.7 percent from 6.5 percent. All other small savings schemes will continue to offer the same rate of interest as they did in July-September. The latest chart of interest for small…
NPS returns are market-linked. This means that returns are not guaranteed but depend on market performance and the fund manager. Currently, the government contributes 14% of pay and employee contributes 10% to the NPS corpus. Compared to the old pension scheme (OPS), the pension received by some retirees under NPS was paltry under NPS. Hence,…
The Sovereign Gold Bond Scheme 2023-24 – Series II will be open for subscription from September 11–15, 2023. The Subscription of the Gold Bonds under this Scheme shall be open (Monday to Friday) on the dates specified above, provided that the Central Government may, with prior notice, close the Scheme at any time before the…
Title deed: A title deed can be a sale deed, partition deed, gift deed, deed of assignment, deed of relinquishment, etc. Title deeds are used to transfer a person’s ownership rights over land to another person. The documents like agreement for sale, registration receipt, tax receipt, order of allotment, nil encumbrance certificate, insurance policy, or…