The government announced the interest rate for PPF, Sukanya Samriddhi, NSC, KVP Interest Rates July-Sept 2017 on 30th June 2017. Let us see the changes applicable with effective from 1st April 2017.Earlier the interest rates used to be announced on yearly once. However, now from 2016-17, the … [Read more...]
Archives for June 2017
Best child saving and investment plan in India -10 Steps to identify
The biggest concern or confusion for many of the parents is to identify the best child saving and investment plan in India. There are Endowment Plans, ULIPs, or Mutual Funds, which claim they are best. However, which is really best?I am writing this post with intention of avoiding the … [Read more...]
Tax Savings options other than Sec.80C for FY 2017-18
A majority of us are aware of the Sec.80c options. But are you aware of the Tax Savings options other than Sec.80C for FY 2017-18? In this post, let us explore those options and how wisely you can save tax.In my earlier post, I explained in detail about what are the investment instruments you … [Read more...]
Invest for 3 years – Save Tax For LIFETIME!
Recently I came across this headline "Invest for 3 years - Save Tax For LIFETIME". Sounds eye catching right? Because for many of us tax is the only force which makes us invest. Let us try to understand such GIMMICKS in detail :)Here, the product recommended for investment is ELSS (Equity … [Read more...]
5 minute method to become a star in Personal Finance
Confession time: The first time I learned about the markets was when I was 16. My father came home and said he had made 3000 from an ICICI script that shot up within a month and he wanted to celebrate. We went for a dinner and had some of my favorites - Biryani and Kadai.The next day, looking … [Read more...]
Cost of Inflation Index for FY 2017-18 (AY 2018-19)
CBDT on 7th June 2017 announced the Cost of Inflation Index for FY 2017-18 (AY 2018-19). The biggest change this year is that the base year was changed from the earlier FY 1981-82 to FY 2001-02. What is Cost of Inflation Index (CII)? It is a measure of inflation that is used for computing Long … [Read more...]
HDFC Life Click 2 Protect 3D Plus Review and Benefits
HDFC Life recently revised it's existing term life insurance plan and launched a new plan HDFC Life Click 2 Protect 3D Plus. Let us see it's review and benefits. What is Term Life Insurance? Term Life Insurance is a type of life insurance, which provides coverage during a policy period. If the … [Read more...]
NPS Returns for 2017 – Who is best NPS Fund Manager?
We all investing in NPS and assume that it is managed by PFRDA. But the reality is that there are some fund managers who manage your money. Hence, it is important for you to understand the NPS Returns for 2017 and who is the best NPS Fund Manager? What is Scheme Preference in NPS Account In NPS, … [Read more...]