Details of New Pension System (NPS)
The objective of the New Pension System (NPS) is to offer the market-based return on the investments which would deliver income security to the investors at their old age in the form of monthly pension. The scheme was originally introduced by the Government of India to provide a new scheme of pension to its staffs…
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Real Estate Services: A Comprehensive Overview
Real estate services encompass a wide range of professional offerings related to the purchase, sale, lease, rental, appraisal, and management of real property. These services are typically delivered by qualified professionals such as real estate agents, brokers, consultants, and property managers. They support both individuals and businesses in navigating the complexities of the real estate…
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Alternative Investments: Unlocking New Avenues for Portfolio Growth and Diversification
IntroductionAlternative investments represent financial assets that fall outside traditional categories like stocks, bonds, or cash. These investments offer investors access to unique opportunities for growth, wealth preservation, portfolio diversification, reduced volatility, and potential tax benefits. In India, the Securities and Exchange Board of India (SEBI) classifies Alternative Investment Funds (AIFs) into three categories: Category I,…
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Pradhan Mantri Vaya Vandana Yojana (Modified- 2020) Scheme
Pursuant to Finance Ministry modified the PM Vaya Vandana Yojana (PMVVY) pension scheme for senior citizens, Life Insurance Corporation of India (LIC) has launched the non-linked, non-participating, pension plan subsidized by the Centre. The scheme will provide an assured rate of return of 7.40% per annum. This plan will be available for sale commencing from…
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Benefits of Investment in PPF Account
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…
A comprehensive overview of bank Deposits: Various account types, their features
[This post answers questions about the rules related to addition or deletion of names in FD, TDS in case of joint accounts, interest calculation in leap year, conditions for deposits held in minor’s name, transfer of fixed deposits, interest payment on prematurely closed deposits, renewal of Overdue deposits, and deposits in the joint names of…
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