(This post explains various types of insurance policies available in the market like Life Insurance policies, Health insurance policies, Property Insurance policies including plant and machinery, boiler, shipping insurance, stock of goods, etc., and conditions and clauses to be verified by the buyers before buying them). For many average insurance policy buyers verifying conditions and…
What is Sukanya Samriddhi Account scheme? Sukanya Samriddhi scheme is launched with a view to encourage savings and to promote the education of girl child. The money saved under the scheme will be convenient for pursuing higher education of girl child and incentives to parent/guardian under the Income-tax Act. Who is eligible to open Sukanya…
NSCs are one of the safest tax saving investments available to the investors with assured returns and tax benefits. These certificates are issued at all Post Offices. NSCs are available in two series with effect from 01.04.2012 viz. NSC VIII issue and NSC IX issue. Income Tax deductions Investment of Rs.1.50 lakh in the 5…
PPF – TAX rule (EEE): Investment in PPF is eligible for tax exemption u/s 80C IT act. Income is exempt from tax, and Redemption proceeds are not added to tax PPF is one of the top-ranked investments all these years because of the following advantages. The balance available in PPF account is free from court…
The Finance Ministry in its notification had communicated that the rates of interest on various small savings schemes for the Third quarter of the financial year 2018-19 starting October 1 and ending on December31, 2018. There is an increase of 30 to 40 basis in interest rates on various schemes compared to previous quarter. The…
(PPF & NSC to give 8%, Senior citizen to get 8.7%) The Ministry of Finance Government of India has announced the Rates of Interest on various Small Savings Schemes for the Third Quarter of the Current Financial Year 2018-19 starting 1st October, 2018, and ending on 31st December, 2018. The Small Savings Schemes includes include…
Convertible Bonds: Convertible bonds are exceptional securities that have features of both bonds and equity options. The holders of convertible bonds have the opportunity to convert bonds held by them into specified number of company’s equity shares during validity period for options mentioned in the bonds. The bond holder also receives the coupon payment till…
The selling of Insurance products by banks to their established customers is known as Bancassurance. Banks and insurance company come up with an arrangement wherein the bank sells the insurance products of specific Insurance companies (Life and or general Insurance companies) with whom they have tied up. In this arrangement, both banks and insurance companies…
The Reserve Bank of India, has decided to issue Sovereign Gold Bonds 2017-18 – Series II from July 10, 2017. Applications for the bond will be accepted from July 10-14, 2017. The Bonds will be issued on July 28, 2017. The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated…
