NEFT, RTGS and IMPS are three ways to transfer money from one account to another. Each of the payment modes has some limitations in terms of timings, value or charges. Let’s understand the meaning of all three payment modes and see the differences between NEFT, RTGS and IMPS. What is NEFT? NEFT stands for National […]
Is Investing in LIC policy a Good decision?
A paradigm of Investing in LIC Policy Let’s start the discussion on investment decision in LIC policy is good or bad by taking an example of Jeevan Anand (815), the most famous policy of LIC and compare the return of the Policy which is insurance and investment mixed policy with LIC’s eTerm insurance plus PPF. […]
LIC Tech Term Plan No 854 – Online Term Insurance Plan
LIC is going to launch its Online Term Insurance Plan “LIC Tech-Term (No. 854)” on 12th July 2019. This new plan is a non-linked and non-participating term insurance plan. LIC already have few term insurance plans in its portfolio namely LIC e-Term – Pure Online term plan, LIC Amulya Jeevan – II, LIC New Jeevan […]
New Income Tax Slab and Tax Rebate/Credit under section 87A
Interim Budget 2019 which came in February 2019 had given lots of tax sops thus there was no such expectation related to relaxation of income tax slab, tax rates or any more deduction from Nirmala Sitharaman maiden Budget. Below are the Income Tax Slab, Income Tax Rates and Tax-Credit applicable for Assessment Year 2020-21 i.e. […]
Additional Home Loan Tax Deduction in Budget 2019 under Section 80EEA
Section 80EEA Budget 2019 proposes the insertion of section 80EEA to increase the benefit of Tax Deduction on the interest paid towards home loan up to ₹ 45 lakhs for affordable housing. The additional tax deduction of ₹1.50 lakhs is for the home loan taken up to 31st March 2020. The cumulative benefit would be […]
How much gold in investment portfolio to protect against market crash like 2008?
Buying Gold for investment purpose is not considered a good strategy because neither does the Gold gives handsome returns nor the dividend as equity investment gives. Warren Buffet has termed Investment in Gold is “Stupidity”. However, each time when the gold prices surges and market plunges, there is a talk about “hedging portfolio through Gold”. […]
Sukanya Samriddhi Yojana – Sovereign Term Deposit Scheme for Girl Child
Sukanya Samriddhi Yojana Updates Aiming to promote “Beti Bachao, Bet Padhao” campaign, The Government of India had started Sukanya Samriddhi Yojana as one of the most successful small savings scheme dedicated purely towards social security and betterment of girl child. The scheme is curated in such a manner that each and every class of person […]