Updated: Mar 23, 2019 There are various accounts offered by Banks bearing different interest rates such as savings account, fixed deposits and public provident fund account. But the calculation of interest is not same for all accounts. For instance interest on Fixed Deposits … [Read more...] about How Banks Calculate Interest (quick tips)
Updated: Jan 29, 2019 I got several comments and half of them were asking about the maturity amount. So I thought of making a simple excel calculator for Sukanya Samriddhi Yojana which gives a straightaway maturity amount based on the monthly or yearly contribution. Sukanya … [Read more...] about Sukanya Samriddhi Calculator for 2019
Updated: 25 March 2019 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 … [Read more...] about Sukanya Samriddhi Yojana: Alternative of Birth Certificate of Girl Child
Small Savings Schemes Interest Rates Following the decision of quarterly revision of applicable interest rates on small savings schemes, the Finance Ministry of India has once again reduced the interest rates by 0.10 percent for the 3rd quarter starting from 1st October to 31st … [Read more...] about Small Savings Schemes Interest Rates cut by 0.1 percent for Q3
FD plus RD beats Atal Pension Yojana You can generate better Post-Tax returns from Atal Pension Yojana by timing RD and FD together. I have tried to summarize the calculation in the simplest manner by an example. Mr.A aged 30 years, working as a mason in a small village, … [Read more...] about How Timing FD and RD consecutively can beat Atal Pension Yojana as much as by 20%?
Are you planning to take any long term investment decision in near future? Do you know what are the long term investment options available currently? Generally when an investment is done for a period of more than 5-6 years or even more than 10-15 years, it is called as long … [Read more...] about 10 Best Long Term Investment Options in India
Few of our readers are questioning on why to go with Sukanya Samriddhi Yojana and lock amount for so long when we have Recurring Deposits and other investment avenues like PPF. I have already compared Sukanya Samriddhi Yojana with Public Provident Fund here. Read: Sukanya … [Read more...] about Sukanya Samriddhi Account vs Recurring Deposits