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)?
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 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)?
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?
LIC New Jeevan Shanti (Plan 858) is a deferred annuity plan by LIC, where you need to pay the one-time lumpsum premium at once, but you need to pick a deferment period (up to 12 years), only after which the…
Read More LIC New Jeevan Shanti (No. 858) | Review + Benefits (2023)
Which banks in India are insured and covered under the Rs 5 lakh insurance of DICGC. And what is the limit of DICGC insurance for depositors in India?
LIC Saral Pension Plan (Table No. 862 - 512N342V04) is a standard immediate annuity plan by LIC, where you need to pay the one-time lumpsum premium and you start getting your annuity income immediately. LIC already has an immediate annuity…
Read More LIC Saral Pension Plan (No. 862) | Review of Immediate Annuity Plan + Benefits (2023)
Not only did the Budget 2023 offer relief to the common man (by revising the new tax slabs), but also gave something to cheer to high-net-worth individuals (HNIs). The highest surcharge rate has been reduced from 37% to 25% under…
Read More What is impact of Surcharge redution from 37% to 25% for High Income HNIs?
The new tax regime (2023) offers lower tax slab rates but it also removes almost all the exemptions. But there are still few tax deductions that are available under the New Tax Regime from 1st April 2023. So what are…
Read More New Tax Regime Exemption List: Available Deductions (FY2023-24)
New Income Tax Slabs for Senior Citizens & Super Senior Citizens under New Regime (2023-24)
The leave encashment exemption limit has been increased from Rs 3 lakh to a massive Rs 25 lakh.
The Budget 2023 brought a lot of good news for senior citizens in India. The majority of Indians above the age of 60 depend on government instruments to provide risk-free interest income during retired life. While many have the benefit…
