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 […]
All You Want to Know About Public Provident Fund
Highlights of Public Provident Fund Public Provident Fund, popularly known as PPF, is a savings cum tax saving instrument. It also serves as a retirement planning tool for many of those who do not have any structured pension plan covering them. Public Provident Fund account can be opened at designated post offices throughout the country […]
Company Fixed Deposits Risks and Rules to know before Investing
Investing in Company Fixed Deposits Currently, most of the banks are offering interest rates on fixed deposits in the range of 6% to 7%. Although fixed deposits with the banks are safe, post-tax returns of the bank sometimes do not even beat the inflation rate. So it is must for the investors not to stick […]
SIP or Home Loan Prepayment?
Living life debt free is often considered as a Supreme Goal of Financial Planning. However, to achieve this Goal one has to make efficient financial planning, as well as full-heartedly, follow it. If we talk about a Home loan, the tenure stretches to 20 years to 30 years which covers your whole working life (i.e. […]
SIP vs. PPF: Better Investment Option
What are SIP and PPF? SIP refers to the Systematic Investment Plan which is often used in the context of investment in Mutual Funds. PPF, on the other hand, refers to the Public Provident Fund. SIP is basically an investment strategy while PPF is an investment product. Before deciding the better off in SIP and […]
How Indian Bank Calculate Interest on FD, RD, PPF and Savings Account?
Various types of accounts are offered by Banks in India namely Fixed Deposit Account, Recurring Deposit Account, Savings Accounts, Public Provident Fund Account, etc. But the interest calculation differs from account to account. For instance interest calculation under PPF account is happens on monthly basis while Fixed Deposit interest gets compounded quarterly. However, the calculation […]