10.80% Muthoot Finance NCD Open for Subscription

India’s Largest Gold Loan NBFC Muthoot Finance has started accepting subscription for its non-convertible debentures (NCD) which offers yield up to 10.80% p.a. and providing an option to double money period of 81 months. Let’s dive into the details of the issue. Muthoot Finance NCD Issue Details In total there are 11 different investment options… Read More »

Sukanya Samriddhi Yojana: Alternative of Birth Certificate of Girl Child

Many of our readers sought an answer of Can Account be opened without furnishing Birth Certificate of Girl Child? Or Is there any other document which can be submitted instead of Birth Certificate of Girl Child or What to do if the birth certificate does not have the name of the girl child? Before giving… Read More »

Does Service Tax Exemption make LIC Varishtha Pension Bima Yojana attractive?

Seeing the increasing longevity in India and to enhance the social security and welfare of senior citizens, Government had revived Varishtha Pension Bima Yojana. This pension scheme is made open for subscription only for one year i.e. from 15th August, 2014 to 14th August, 2015. Varishtha Pension Bima Yojana is a single premium pension policy… Read More »

Private Banks Service Charges to Increase from April

Leading Private Banks – ICICI Bank, HDFC Bank, AXIS Bank and Kotak Mahindra Bank are all set to increase the service charges and penalties from 1st April, 2015. Changes in Private Banks Charges and Penalties after 1st April, 2015 ICICI Bank Service Charges and Penalties Bank Service Charges 1. Cash deposits at the counters will… Read More »

EPF vs. NPS, 6 points to decide which is better after Budget 2015?

NPS (National Pension Scheme) has been on the surface for more than 6 years but did not get attention as it is getting now after Budget 2015. This is because NPS is the only investment avenue which got additional tax break of Rs.50,000, over and above existing limit of Rs.1.50 lakhs under section 80C in… Read More »