NHAI (National Highway Authority of India) is issuing tax free bonds for the first time. Please don’t get confused this bond with tax saving long term infrastructure bonds. The interest from these tax free bonds is tax exempt. So that means Interest from NHAI Bond does not form part of your total income. The bonds […]
Fixed Deposit Interest Rates India Following table shows the interest rates on FD in some of the leading banks in India. This table of Interest rates was last updated on 20th Dec 2011. Bank 1 Year – < 2 years 2 Years – < 3 years 3 Years – 5 years >5 years – 10 […]
This year again IDFC has launched the long term infrastructure bonds that will give you tax benefits under section 80CCF. Check here for all Infrastructure bonds launched so far in financial year 2011-12. The plus point with this bond is that it is giving you a bit higher interest rate than the other bonds. The issue […]
Since most of the readers already know for sure What is an FMP there must be a question among many readers: Should I invest in Fixed Maturity Plans? The short answer is yes. If you want to play safe and do not want to take any risk with your hard-earned money, you should consider investing […]
IFCI opened issue of Tier II subordinate Bonds on 01st June 2011 on private placement basis. This bond can be held only in demat form and proposed to be listed on BSE. The last date for application is 15th July 2011. The deemed date of allotment is 1st August 2011. One should not get confused […]
If you are suffering from a lot of debts and wish to get rid of the current situation, then you may try out debt solutions that will provide you with relief from debts.
What are Fixed Maturity Plans or FMPs? Fixed maturity plans (popularly known as FMPs) are investment schemes floated by mutual fund companies ie AMCs. FMPs are close-ended funds that are mostly debt-oriented and invest in debt and money market instruments of the same maturity period as stated by the maturity of FMP. Usually the maturity […]
State Bank of India has recently announced that it is coming up with another retail bonds issue. Last time the issue got oversubscribed on very first day and we believe that this time again it is going to happen so if you are planning to invest in this bond, do it on first day itself. […]