Para Banking & other Agency Services provided by Banks
Acceptance of deposits and maintenance of deposit accounts is the core activity in any bank. Para banking activities are the activities carried out by the bank which are apart from its normal day-to-day activities. Banks can undertake certain eligible financial services or para-banking activities either departmentally or by setting the subsidiaries. Some examples of the para-banking…
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Figure out the best tax saving instrument that suits you
(This post evaluates 10 widely preferred tax-saving instruments eligible for tax deductions under old tax regime- section 80C and also discusses here some of the important deductions under Section 80C, 80CCC, 80 CCD(1A), 80 CCD (1B), 80CCE, 80D, 80DD, 80 DDB,80E,80EEE,80G, 80GG,80TTA, 80TTB, 80U, 87(A) & Sec 24 an individual taxpayer is eligible to claim.…
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Income tax-slabs for FY 2025-26: No income tax on income up to income Rs 12 lakh per annum
Revised Income Tax Slab Rates for FY 2025-26 In Budget 2025, Finance Minister Nirmala Sitharaman announced significant changes to the income tax structure. One of the most notable highlights was the increase in the tax exemption limit, which is expected to boost disposable income and simplify tax compliance for individuals. New tax slabs under new…
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Portfolio Management Services (PMS): Meaning, Types, and Insights
A portfolio manager is a person who provides portfolio management services to clients. A portfolio manager can be an individual or a corporate that has obtained a valid certificate of registration from the Securities and Exchange Board of India (SEBI). Some banks in India provide Portfolio Management Services (PMS) to high-net-worth individuals (HNWIs)—not the general…
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Understanding the Valuation of Bonds
(This article explains the method of calculating the value of a coupon bond factors in the annual or semi-annual coupon payment and the par value of the bond.) Bond valuation is the process by which an investor estimates the theoretical fair value, or intrinsic worth, of a bond. Like any security or capital investment, a…
What is a Zero-Coupon Bond?
A Zero-Coupon Bond does not make periodic interest payments or “coupons” to the investors. Since the coupon rate of such bonds are ‘zero’ they are called as zero-coupon bond. In case of Zero-Coupon Bonds the issuer sells the bonds at a price less than the face value of the bonds and pays to the bond…
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