Reading Time: 4 minutes Source link LIC launched its new pension plan LIC New Jeevan Shanti on 21st October 2020. It is a single premium, deferred pension plan. The pension rates are guaranteed at the time of buying itself. Few days back, LIC launched Jeevan Akshay VII, an immediate annuity plan (LIC Jeevan Akshay VII Pension Plan (857) – […]
Saral Jeevan Bima Term Life Insurance – Features, Eligibility, and Benefits
Reading Time: 2 minutes Source link IRDA issues new guidelines for Life Insurance companies to bring in the new standard term life insurance policy with the name Saral Jeevan Bima Term Life Insurance. It is exactly like how IRDA did with respect to the health insurance policies (Arogya Sanjeevani Policy – Standard Health Insurance Features and Benefits). To be […]
PM Narendra Modi Assets Declaration 2020
Reading Time: 2 minutes Source link We all look for how the leaders of our country invest right? As usual, this year also, PM Narendra Modi declared his assets. Let see PM Narendra Modi Assets declaration 2020 details. As per this Mint report, PM Narendra Modi’s assets were Rs.2.85 Crore. Let me break up the whole PM Narendra Modi […]
EPF Whatsapp Helpline Numbers – Full list of Regional Offices
Reading Time: 2 minutes Source link EPFO recently launched the EPF Whatsapp Helpline Numbers of all India Regional EPFO Offices. This initiative is launched under its series of Nirbadh initiatives aimed at ensuring seamless and uninterrupted service delivery to subscribers during COVID-19 pandemic. Ministry of Labour informed “This new grievance redressal mechanism using Whatsapp has gained immense popularity amongst […]
Sovereign Gold Bond Scheme 2020-21 Series VII – Who can invest?
Reading Time: 8 minutes Source link Sovereign Gold Bond Scheme 2020-21 Series VII is available for subscription from 12th October 2020 to 16th October 2020 and it will be issued on 20th October 2020. Who can invest in these bonds? This is the seventh tranche of the Financial Year 2020-21. Refer to the complete issue details for FY 2020-21 […]
New Riskometer in Debt Mutual Funds – Is it really measure the risk?
Reading Time: 6 minutes Source link Continuation of its product labeling improvement, SEBI came out with one more circular on 5th October 2020 with regard to a new way of Riskometer. Also, this time in detail SEBI mentioned the new Riskometer in debt mutual funds and how it should be arrived at. Let us see whether it serves any […]
LIC Bonus Rates for 2020 – 2021 – A Complete List
Reading Time: 5 minutes Source link Recently LIC declared the bonus rates for the year 2020 – 2021 (As per March 2020 valuation). Let us see the complete details about LIC Bonus Rates for 2020 – 2021 and how they affect your life insurance returns. LIC of India has declared the latest bonus rates for the valuation period 1 st April […]
New TCS Rules on Foreign Remittance from 1st Oct 2020
Reading Time: 4 minutes Source link New Tax Collected at Source (TCS) rules are applicable on Foreign Remittance from 1st October 2020. What are these new TCS rules on foreign remittance from 1st Oct 2020? Let us see in details. From 1st October 2020, the tax will be collected at source from individuals for foreign remittances made through the […]
Who is NRI as per FEMA and Income Tax Act?
Reading Time: 5 minutes Source link When you move out of India to study, employment, or for any other purpose, understanding your residential status is very much important. Hence, let us understand who is NRI as per FEMA and Income Tax Act? Who decides your Residential Status in India? There are two entities which decides your residential status in […]
Latest Post Office Interest Rates Oct – Dec 2020
Reading Time: 5 minutes Source link What is the latest Post Office Interest Rates Oct – Dec 2020? What are the latest Post Office interest rates on FDs, MIS, SCSS, NSC, KVP, PPF and SSY Schemes? Earlier the interest rates used to be announced yearly once. However, from 2016-17, the rate of interest will be fixed on a quarterly basis. […]
How to earn around 7% from your savings account safely?
Reading Time: 3 minutes Source link We all know that currently, the interest rates on all FDs are falling. In such a situation how to earn around 7% from your savings account safely if you have a home loan? Interesting right? No risk of investing in any product or lock your money. Let us discuss this in today’s post. […]
How to change nominee in NPS online?
Reading Time: 3 minutes Source link As of now, to change your nominee in the NPS account, you have to submit the S2 form physically to the associated Nodal Offices or POPs. To avoid such hindrance, PFRDA launched the facility to change nominee in NPS online. Let us see the process of changing the nominee in NPS online. NPS […]
Asset Allocation of Multi-Cap Funds – SEBIs new categorization and Rationalization Rule
Reading Time: 2 minutes Source link SEBI has decided to partially modify the scheme characteristics of Multi-Cap Funds to be truly considered as Multi-Cap Funds. Let us see the Asset Allocation of Multi-Cap Funds as per this new SEBI guidelines. The old definition of Multi-Cap Funds As per the SEBI Categorization and Rationalization of Mutual Fund Schemes circular dated […]
List of Income Tax Deductions FY 2020-21 – Under New / Old Tax Regime
Reading Time: 13 minutes Source link Due to the introduction of new tax regime in the Budget 2020, many are not confused which are the Income Tax Deductions are available for them. Let us see the complete list of Income Tax Deductions FY 2020-21 under both old or new tax regime. Tax Planning is an important part of financial […]
Whether Banking and PSU Debt Funds are SAFE?
Reading Time: 5 minutes Source link Many of us during such low Bank FD interest rate regimes and risky debt funds, feel Banking and PSU Debt Funds as alternative safe debt instruments. However, let us see what are the loopholes in this category of funds. What is the definition of Banking and PSU Debt Funds? Let us first try […]
State Bank Of India 9.95% (SBIN-N5) Bond Call Option – What if the Bank exercised in 2021?
Reading Time: 3 minutes Source link State Bank Of India 9.95% (SBIN-N5) Bond is currently trading at Rs.10,969 and yields to maturity are showing as 8.61% as of 28th August 2020. During the current low-interest regime, people are obviously looking for this investment as attractive. However, they are all forgetting the call option of 2021. What happens if the […]
Your EDUCATION is the least required eligibility for investing!
Reading Time: 4 minutes Source link Whether highly qualified or educated individuals are better off in investing than the uneducated or not so highly qualified? Many of us think that well educated have access to more information and because of that, they are in a better position to manage their money. However, the reality in many cases is different. […]
Best Critical illness policy in India 2020 – Comparative Table
Reading Time: 7 minutes Source link Which is the best critical illness policy in India in 2020? Many of us have Term Life Insurance and Health Insurance. However, we never gave importance to Critical Illness policies. Let us see the importance of having a Critical Illness policy and analyze which is the Best Critical illness policy in India 2020 […]
LIC Jeevan Akshay VII Pension Plan (857) – Features, Benefits, and Eligibility
Reading Time: 2 minutes Source link LIC Jeevan Akshay VII Pension Plan (857) introducing it from 25th August 2020. It is the immediate pension plan. At the same time, LIC is withdrawing the immediate pension option from Jeevan Shanti (850). Considering the decreasing interest rate, it was expected from LIC that it may revise the pension rates of Jeevan […]
Reducing RISKS may create more RISKS!
Reading Time: 4 minutes Source link We all talk about managing the risk of investment. However, sometimes risk management may create one more risk which may be bigger or uncertain. Many times reducing RISKS may create more RISKS! Reducing RISKS may create more RISKS! A few days back, I was reading the book “Risk Savvy” by Gerd Gigerenzer, where […]
Rs.1 Lakh investment in HDFC Bank IPO is worth Rs.8 Crs today – But what about the journey?
Reading Time: 4 minutes Source link Recently I came across the NOISE about HDFC Bank completion of 25 years of IPO in May 2020. Rs.1 Lakh investment in HDFC Bank IPO is worth Rs.8 Crs today. Such stories always pop up in social media and force us to invest in a dream of having Rs.8 Crore after another 25 […]
Soon Insurance Premium, School Fees and Hotel Payment under IT Scanner!
Reading Time: 3 minutes Source link Soon your Insurance premium, school fees and hotel payments are under IT Scanner. To widen the scope of taxpayers, the Government proposed to include certain additional transactions under the IT Scanner. This is I think the best move to bring in the transparency in taxation and penalizing those who are avoiding the tax. […]
How to register LIC NEFT Mandate online to receive maturity benefits?
Reading Time: 3 minutes Source link You may be aware that LIC started issuing maturity or survival benefits directly to your bank accounts rather than issuing the cheque. Going one step ahead, LIC recently launched the facility to register LIC NEFT Mandate online to receive your maturity or survival benefits directly to your bank account. From 2012, LIC has […]
PMS Returns 2020 – Who is the best PMS in India?
Reading Time: 4 minutes Source link PMS is slowly evolving among the elite class to experient its wealth creation goal. What is the PMS Returns 2020? Do we believe these returns realistic? Who is the best PMS in India? Portfolio management refers to managing an INDIVIDUAL’S investments in the form of bonds, shares, cash, mutual funds etc so that […]