Category Archives: investment advice
Small savings interest rates: Seniors Spared
The Narendra Modi government has apparently decided to play safe and not risk a politically sensitive decision by reducing interest rates on small savings.
On Monday, the government left the rates unchanged for the July to September 2016 quarter from …
How senior citizens should strategise insurance buying
Lifestyle changes with age and so does aspirations. In this case, you have to take a special review of your insurance portfolio, especially after 50 years of age. There are many people who buy different types of insurance policies during …
Insurance Insight: All you need to know for senior citizens
By Yashish Dahiya Policybazaar.com
Health insurance is more important for the elderly than the others, for the simple reason that, as age advances, one’s vulnerability to diseases and physical conditions increases. Thus, a medical emergency could result in severe financial …
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 …
Liquids funds – A supplement to your savings bank account
Have you been idling large sums in your savings bank account just to provide for any unforeseen need? If so, you could still have managed 5-6 percentage points more by setting aside at least a part of your money in …
Income tax savings through senior citizen parents
In an interview to CNBC-TV18, Subash Lakhotia, Tax & Investment Consultant shared his reading and outlook on tax exemption limits for senior citizens.
Talking on the subject, he says since the basic income tax exemption for a 60-year plus …
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.…
Investments that secure you monthly income
Post retirement, the need for a regular income stream becomes vital. Even if you are a pensioner, it is likely that you need to supplement it with some regular cash flow to meet your expenses. That is why it becomes …
