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…
The Finance Ministry in its communication said that it has decided to keep the interest rate unchanged on small savings schemes for the three-month period beginning April 1.The announcement covers small-saving schemes such as the Post Office Saving Accounts, Post Office Time Deposits, the National Saving Certificates (NSC), the Public Provident Fund (PPF), the Kisan…
Contrasting HTM (held to maturity) securities in which the holder has the intention to hold them until specific date of maturity, ‘Held for Trading’(HFT) investments are the securities that a holder purchases with the intent of selling them within a short period of time, with the sole intent of generating short term profits by taking…
The investment portfolio of the banks are classified under three categories viz. ‘Held to Maturity’, ‘Available for Sale’ and ‘Held for Trading’. Banks take decision to categorise their investments at the time of acquisition of these securities and recorded on the investment proposals of the bank. The Available for Sale (AFS) are debt and equity…
The entire investment portfolio of the banks (including SLR securities and non-SLR securities) are classified under three categories viz. ‘Held to Maturity’, ‘Available for Sale’ and ‘Held for Trading’. Held-to-maturity securities are debt security investments which the holder has the intention and ability to hold them until specific date of maturity. The investments classified under…
The Finance Ministry in its notification had communicated that the rates of interest on various small savings schemes for the fourth quarter of the financial year 2018-19 starting 1st January 2019 to 31st March 2019. The interest rate for time deposits for the period 1 year to 3 years is made uniform 7.00% for the…
Investment in ULIP is eligible for deduction under section 80C (life insurance) or 80CCC (pension) of Income Tax Act. A maximum of Rs 1,50,000 is allowed under section 80C/ 80CCC. ULIP is an integrated product of ‘insurance and investment’ developed and marketed by life insurance companies. ULIP offers investors the advantage of both insurance and…
(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…