Two options should bring some relief to even the most cautious of investors. These are National Savings Certificates (NSC) and Reserve Bank of India Savings Bonds. Both are backed by the government – NSC by the Indian Postal Service and RBI Savings Bank of course by the RBI – and hence risk-free. However, there are some differences between the two. Let’s look at them.National Savings CertificatesRBI Savings BondsIssued byIndian Postal ServiceReserve Bank of IndiaMaturity periodFive yearsSeven yearsInterest rate7.9 per cent7.75 per centWho can investResident IndiansResident IndiansAmountMinimum of Rs. 100 with no maximum limitMinimum of Rs. 1,000 and in multiples thereof. No maximum limitTax benefit on investmentInvestments up to Rs. 1.5 lakh deductible from taxable income under Section 80CNo tax benefit on investmentTax treatment of interestInterest is added to income and taxed according to income slabInterest is added to income and taxed according to your … [Read more...] about NSC vs RBI Savings Bonds: Know the Difference Between NSC and RBI Savings Bond
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PAN card: A PAN card is mandatory for one to start a Demat account with ICICI or with any other broker. You will have to submit a copy of your PAN card along with the KYC documents when opening the account. In addition to your PAN card, you must provide a few more documents for identification and address proof along with your latest photographs. You must carry original documents for verification in case you are visiting the ICICI branch. However, only photocopies of the documents are required for submission. The documents you will have to carry or furnish online are: … [Read more...] about ICICI demat account: Its charges, account opening process, etc.
"In order to further increase digital collection of user fee via FASTags at NH fee plazas, the National Highways Authority of India (NHAI) has decided to waive off the FASTag cost of Rs 100 for NHAI FASTag between February 15 and 29, 2020," the Ministry of Road Transport and Highways said in a statement. … [Read more...] about Get free FASTag for 15 days as NHAI waives off fee until Feb 29
Performance of 22 states on SDG 1 worsened in 2019, however the outlay for key schemes linked to goal 1 like MGNREGA saw reductions in budgetary outlays. The outlay for goal 1 - no poverty, is delivered primarily through the MGNREGA, PMJAY-Ayushman Bharat and Pradhan Mantri Awas Yojana schemes, along with subsidies, pensions and other forms of direct benefit transfers. Allocations to the three schemes represent 4 percent of the total budget expenditure. … [Read more...] about Budget 2020 | India is counting on achieving UN SDGs 1, 2 and 5 to meet its 2030 agenda
The meeting was also attended by Niti Aayog Vice-Chairman Rajiv Kumar and CEO Amitabh Kant, besides secretaries of the finance ministry.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year. … [Read more...] about Govt willing to do more beyond Budget to boost growth: FM Sitharaman