(Updated - January 2024) After the Budget announcement where the government announced a new one-time female-specific small savings scheme - Mahila Samman Saving Certificates 2024 (MSSC), we now have full details of the scheme available, which we discuss below. Later…
Category: Personal Finance
SCSS Limit Increased to Rs 30 lakh (from old Rs 15 lakh) in Budget 2023
The Budget 2023 has brough some good news for senior citizens. The maximum investment limit of Senior Citizen Savings Scheme (SCSS) has been increased from Rs 15 lakh to Rs 30 lakh now. With the doubling of SCSS limit to…
Read More SCSS Limit Increased to Rs 30 lakh (from old Rs 15 lakh) in Budget 2023
Quoted (Economic Times) – Jan 2023 – 58-Year Old Planning for Retirement Income from 2024
I was recently quoted in Economic Times WEALTH (30 January 2023) in the Q&A section where a panel of experts answers readers' questions related to various aspects of their personal finances. . The exact question is given below - Here…
Read More Quoted (Economic Times) – Jan 2023 – 58-Year Old Planning for Retirement Income from 2024
89% Traders Lose Money in F&O in India – SEBI Study (2022-23)
SEBI has released a detailed study of the Individual traders’ analysis of Profit and Loss in Equity Futures & Options (F&O). The result are not surprising as we all know that very few traders genuinely make any money. A whopping…
Read More 89% Traders Lose Money in F&O in India – SEBI Study (2022-23)
Get Money Faster on Selling Equity Funds. MF move to T+2 Cycle.
AMFI has announced that all AMCs or mutual funds will now move to T+2 redemption payment cycle for equity funds. What this means is that going forward, under the T+2 redemption cycle, the money from redemption will be credited to…
Read More Get Money Faster on Selling Equity Funds. MF move to T+2 Cycle.
LIC Jeevan Azad (Plan 868) Review & Benefits | Should you Buy (2024)?
LIC’s Jeevan Azad (Table & LIC Plan 868) is a traditional, non-participating, endowment policy by LIC, which offers guaranteed, tax-free maturity proceeds. Should you buy this traditional endowment plan from LIC in 2024? If you want to know more about…
Read More LIC Jeevan Azad (Plan 868) Review & Benefits | Should you Buy (2024)?
What is Digital Rupee & How to use E-Rupee in India (2024)?
What is Digital Rupee or E Rupee? How to load and use E Rupee for digital transactions in India (2023)? Difference eRupee vs IMPS, NEFT RTGS.
What are RBI Green Bonds (or Sovereign SGrB 2023) in India)?
What are RBI Green Bonds (2023)? India is issuing its first Sovereign Green Bonds or RBI Green Bonds (SGrB) in 2023. So what are these RBI sovereign green bonds? These Sovereign Green Bonds, popularly known as RBI India Climate Bonds,…
Read More What are RBI Green Bonds (or Sovereign SGrB 2023) in India)?
Quoted (Business Standard) – Jan 2023 – Why Silver ETFs are not becoming popular?
I was recently quoted in Business Standard (11 Jan 2023) in an article titled "A middling first year for silver ETFs; AUM at around Rs 1,500 cr by November 2022". Here is the link to the online version of the…
Read More Quoted (Business Standard) – Jan 2023 – Why Silver ETFs are not becoming popular?
How to Manage your finances to Increase your Income?
If I remember correctly then there are some research works that prove that most people from low-middle income backgrounds who won a big lottery or jackpot, eventually go back to the same amount of money they had before after a…
Read More How to Manage your finances to Increase your Income?
How to Grow Your Wealth At Higher Than FD Rates?
Growing wealth at more than FD rates by investing in stocks, equity funds and real estate.
What is Home Loan Concession for Ladies in India (2024)?
Many banks in India offer small concession in interest rates for ladies when it comes to home loans. If you want to know How much concession do women borrowers get on home loan interest rates, then this article will answer…
Read More What is Home Loan Concession for Ladies in India (2024)?
What is Interest Rate on RBI Floating Rate Bonds 2023?
What is the current interest rate of RBI Floating Rate Bonds or FRSB 2020 (T)? The current or latest interest rate (2023) on RBI Floating Rate Bonds is 8.05% per annum - For Jul-Dec 2023 period. The rates earlier for…
Read More What is Interest Rate on RBI Floating Rate Bonds 2023?
PPF stays at 7.1% | Sukanya at 7.6% | SCSS rates increased to 8.0%
The government has made a few changes to the small scheme savings interes rates for the quarter of January-March 2023. Here are the changes made - PPF interest rates - No Change (remains at 7.1%) Sukanya Samriddhi rates - No…
Read More PPF stays at 7.1% | Sukanya at 7.6% | SCSS rates increased to 8.0%
Should I break Old FD to make new Fixed Deposits at higher interest rates?
With RBI aggressively hiking repo rates to counter inflation, many of the banks have also now started passing on the benefit of higher rates to depositors. While larger banks like SBI, HDFC, ICICI, etc. are nearing 7% in FD interest…
Read More Should I break Old FD to make new Fixed Deposits at higher interest rates?