Reserve Bank of India publishes dates of 6 tranches of Sovereign Gold Bonds from April 2020 to September 2020 as per the calendar specified below. S. No. Tranche Date of Subscription Date of Issuance 1. 2020-21 Series I April 20-24, 2020 April 28, 2020 2. 2020-21 Series II May 11-15, 2020 May 19, 2020 3.…
Retirement is like a long vacation in Las Vegas. The goal is to enjoy it to the fullest, but not so fully that you run out of money –(Jonathan Clements). Retirement can be great joy all through your life if you have sufficient money to spend. One of the greatest difficulties after retirement you may…
A debt fund is a mutual fund scheme where the money is predominantly invested in fixed-income securities like government securities, debentures, corporate bonds, commercial papers, and other money-market instruments. The issuer of debt instruments pre-decides the interest rate you will receive as well as the maturity period. Hence, they are also known as ‘fixed-income’ securities.…
(This article analyses different scenarios where top-up or super top-up plans are useful) The Top-up plan of health policy covers hospitalization expenses when a single hospitalization claim exceeds the base policy. You cannot make a subsequent claim under the top-up policy when the sum available under the base policy is exhausted. In other words, the…
Of-late, complaints against health insurance companies have gone up largely on account of dissatisfaction with claim settlement. This is mostly because customers are unaware of common features in health insurance policies that relates to sub-limits. Normally, almost all health insurance policies have specific cap called sub-limits to the sum insured under which the insurer will…
The Reserve Bank of India made the announcement of issuance of the Sovereign Gold Bond Scheme 2019-20 Series on various dates in tranches starting from tranche series V to tranche series X. In the notification dated October 3, 2019 RBI indicated dates the Bond issued to the investor of every tranche. Accordingly, the Bond issue…
Latest edit: May 26, 2020: LIC launches ‘Pradhan Mantri Vaya Vandana Yojana (Modified- 2020) Scheme (for detail read PMVVY modified 2020) with an assured rate of return of 7.40% per annum. The new scheme opens from May 26, 2020, up till March 31, 2023, The ‘Pradhan Mantri Vaya Vandana Yojana ’ has been launched by…
Atal Pension Yojana (APY) was launched on 9th May 2015. The Savings Bank account holder in the age group of 18 to 40 years in any bank or post office is eligible to subscribe at Atal Pension Yojana (APY). The subscriber has to make monthly contributions of the defined amount until he or she is…
The Government of India has announced issuance of the Sovereign Gold Bond Scheme 2019-20 Series in tranches starting from tranche series V to tranche series X every tranche which will be indicated on the Bond issued to the investor. Calendar of Issuance is as under: S. No. Tranche Date ofSubscription Date of Issuance 1…
The Reserve Bank of India, in consultation with the Government of India, issues Sovereign Gold Bonds from time to time in tranches. These bonds are a substitute for holding physical gold. Each of those tranches will be kept open for a specified period for investors to buy through banks, Stock Holding Corporation of India Limited…