RBI has announced (on 19th May 2023) that the Rs 2000 currency notes in India are being withdrawn from circulation.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…
How will US Recession Impact You (and India) & What Can You Do Now?
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…
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Should I Choose EPFO’s higher EPS Pension offer & contribute Lumpsum from EPF in 2023?
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…
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How to Buy Sovereign Gold Bonds (SGB) Online in India in 2023?
How to Buy Sovereign Gold Bonds Online in India? Or do you want to know How to invest in Sovereign Gold Bonds online in 2023? If you are planning to invest in a government-backed gold investment option that offer investors…
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Most Tax Efficient Option for Gold Investment in India (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…
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How to check if Investment Advisor is registered with SEBI (2023)?
Is your Investment adviser Registered with SEBI? Many investors who reach out to advisors want to be sure that they are dealing only with SEBI registered Investment Advisor. And the regulator SEBI has also made it abundantly clear that investors…
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Show-Off Vs Real Expenses & Assets. And Why to link investments to goals?
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…
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Mahila Samman Savings Scheme Calculator 2023 | Free Excel Download
Do you know how to calculate returns of Mahila Samman Savings Scheme to know what is the maturity amount? The recently introduced women-oriented small savings scheme Mahila Samman Scheme (2023) or Mahila Samman Yojana (2023) offers 7.5% interest rate. In…
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How to Find & Claim your Unclaimed Deposits in Banks (2023)?
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…
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New NSE REITs & InvITs Index – Should You Invest (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…
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Cost Inflation Index (CII) FY2023-24 Notified as 348
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…
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Should I Switch to Hybrid Funds from Debt Funds to avoid Increased Taxation?
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…
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Is SCSS at 8.2% good for Senior Citizens looking for income and high rates?
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…
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Why PPF rates have NOT been increased?
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…
PPF stays 7.1% | Sukanya increased to 8.0% | SCSS increased to 8.2%
The government has increased the interest rates for many small scheme savings interest rates for the quarter of April-June 2023. Here are the changes made - PPF interest rates - No Change (remains at 7.1%) - Possible reason - Why…
Read More PPF stays 7.1% | Sukanya increased to 8.0% | SCSS increased to 8.2%