investment advice
10 investment tips to lead a peaceful retired life
You may have spent a good part of your life earning hard so that you can lead a peaceful retired life. Yet, the investment challenges for a retired individual remains aplenty. Diminished income flow and steady rise in price of …
RBI reduces interest rate on Senior Citizens Savings Scheme
The Reserve Bank of India (RBI) today notified 0.1 per cent reduction each in the interest rates on Public Provident Fund (PPF) and Senior Citizen Savings Scheme (SCSS) to be effective from fiscal beginning April 1, 2013.
The rate of …
Beware of the yield claims on tax-saving products
It’s the tax-saving season and one of the popular tax-saving instruments – the five-year tax-saving bank deposit – is being promoted by banks. A major public sector bank has been prominently advertising its five-year tax-saving deposit, stating yields of 16.64 …
How safe is your capital?
Safety of capital will be on top of the financial priority list of a retired individual/senior citizen; and rightly so. With limited means of cash flows, safeguarding the capital, which would provide some income by way of interest, is important.…