LIC Jeevan Akshay VII (Plan 857) is an immediate annuity plan by LIC that provides annuity starting immediately to the policyholder on payment of a one-time lumpsum amount. If you want to know more about this LIC Jeevan Akshay VII…
Read More LIC Jeevan Akshay VII (No. 857) | Review + Benefits | Should you Buy (2023)?
As of now, the highest FD interest rates are offered by the small finance banks. And it is natural for people to get attracted to these when other larger and established banks in India are offering much lower interest rates…
Read More Is Small Finance Bank Safe For high interest rate FD (2023)?
What happens to deposits of account holders if a DICGC insured bank fails in India? In India, a majority of people have some money parked in bank FDs as these are perceived to be the safest way to save money.…
Read More What happens to Fixed Deposits if a DICGC Insured Bank fails in India (2023)?
Recently, SEBI came out with a consultation paper reviewing the Total Expense Ratio charged by AMCs and the need to rationalize them. You can check the detailed paper here on SEBI website. But there was one interesting insight in the…
RBI has announced (on 19th May 2023) that the Rs 2000 currency notes in India are being withdrawn from circulation. This announcement has been made via a notification (link) and is not like the 2016 demonetization announcement made by the…
The whispers (or rather noise) of an imminent recession in US have been around for a year now. And if we were to believe in all that is there on social media, then 2023-24 is the year when US will…
Read More How will US Recession Impact You (and India) & What Can You Do Now?
Should You Choose higher EPS Pension offer by EPFO & contribute a lumpsum from EPF in 2023? The EPFO subscribers have been in a dilemma about this over the last few months. And rightly so. The impact of the decision…
Read More Should I Choose EPFO’s higher EPS Pension offer & contribute Lumpsum from EPF in 2023?
After the Budget 2023 and the changes announced later, there is a change in the capital gains taxation of non-equity funds. And due to this, fresh investments in gold funds and gold ETFs are no longer as tax-efficient as they…
Read More Most Tax Efficient Option for Gold Investment in India (2023)
In today's world, where social media is so prevalent, it is common to see people flaunting their luxurious lifestyles and possessions. However, what many fail to realize is that there is often a significant difference between the image of wealth…
Read More Show-Off Vs Real Expenses & Assets. And Why to link investments to goals?
In India, there are thousands of crores (Rs 35,000 crore) lying across banks as unclaimed deposits. So many people want to know if there is some money that they are unaware of. Such accountholders or their nominees need to be…
Read More How to Find & Claim your Unclaimed Deposits in Banks (2023)?
NSE has announced the launch of India’s first ever index focused on REITs and InvITs. The name of the index is NSE REITs & InvITs Index. This new index will track the performance of REITs and InvITs that are publicly…
Read More New NSE REITs & InvITs Index – Should You Invest (2023)?
What is the Cost Inflation Index (CII) for the Financial Year (FY 2023-24) and AY 2024-25? Cost Inflation Index (CII) for FY2023-24 is 348 Cost Inflation Index (CII) for the previous year, i.e. FY2021-22 was 331. The CII Number for…
Read More Cost Inflation Index (CII) FY2023-24 Notified as 348
Indian investors were shocked to see the surprise announcement by the government recently, to remove LTCG indexation taxation in debt fund from FY2023-24. Now all the gains in debt funds are taxed as per the investor’s income tax slab. The…
Read More Should I Switch to Hybrid Funds from Debt Funds to avoid Increased Taxation?
The Senior Citizen Savings Scheme (SCSS) interest rates have been increased to 8.2% recently (for April-June quarter of FY2023-24). More details here. For many Indians investing in debt, 8% is the psychological level for which they wait for to get…
Read More Is SCSS at 8.2% good for Senior Citizens looking for income and high rates?
The government notified the increase in almost all small savings scheme for April-June 2023 quarter (Q1 of FY2023-24) – read detail here. I have used the term ‘almost all’ as there has been no increase in PPF or Public Provident…
