Budget 2013: A guide to how your investments are taxed
Simply put, these tax regimes show how your financial instrument is taxed at different stages. The letter 'E' denotes exempt and the letter 'T' for tax. The three letters simply show the three...
View ArticleRBI notifies new interest rates on PPF, SCSS accounts
The rate of interest on five-year SCSS has been reduced to 9.2 percent from 9.3 percent for entire 2013-14 fiscal, the RBI release said. The post RBI notifies new interest rates on PPF, SCSS accounts...
View ArticleRBI notifies increase in PPF deposit limit to Rs 1.5 lakh/year
The Reserve Bank today notified the increase in deposit money under Public Provident Fund (PPF) to Rs 1.5 lakh from Rs 1 lakh earlier. The post RBI notifies increase in PPF deposit limit to Rs 1.5...
View ArticleGovt to review interest rate on small saving schemes: Das
With small saving deposits commanding an interest rate of 8.7 to 9.3 percent, banks have been reluctant to transmit the entire policy rate cut by RBI to borrowers. The post Govt to review interest rate...
View ArticlePushing margin-hungry banks to cut loan rates may not augur well for savers
Following the latest rate cut from the RBI by a higher-than-expected 50 bps, banks have begun cutting their base rates in the last two days. The post Pushing margin-hungry banks to cut loan rates may...
View ArticleGovt to revise small savings rate by month end
The government may leave the interest rates on Senior Citizen's Savings Scheme and Sukanya Samriddhi Accounts unchanged. The post Govt to revise small savings rate by month end appeared first on...
View ArticleInterest rate on small savings scheme to be aligned with govt securities,...
Cutting the small savings rate could save the government an estimated $700 million a year The post Interest rate on small savings scheme to be aligned with govt securities, says Shaktikanta Das...
View ArticleSmall savings rate cut: It’s good news to the borrower and bad news to the saver
The government has announced a 25 basis points reduction in the interest rates of small savings The post Small savings rate cut: It’s good news to the borrower and bad news to the saver appeared first...
View ArticleSavings shocker: PPF interest rate cut to 8.1% starting April
On 1-Year time deposit, interest rate reduced to 7.1% from 8.4%, while on 2-year time deposit slashed to 7.2% from 8.4% The post Savings shocker: PPF interest rate cut to 8.1% starting April appeared...
View ArticleIt’s April: How to make the most out of your PPF account
PPF account allows you to invest Rs 1.5 lakh ever year, and thanks to Sec 80 C, the returns are tax free The post It’s April: How to make the most out of your PPF account appeared first on Firstpost.
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