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About 17 results for "senior citizen savings scheme"

Use SWP after exhaustion of senior citizen scheme for monthly income
DNA

All You Need to know about Senior Citizen Savings Scheme

Posted by Equitymaster Senior citizens are most affected with the volatile interest scenario as their only source of income is from the interest they earn on their investments. Everyone works hard throughout their life to be able to enjoy a comfortable and ... Equitymaster.com, 6 days ago

15 images for senior citizen savings scheme

Money Control, 5 months ago
DNA, 1 week ago
Pluggd in, 6 days ago
DNA, 2 weeks ago
Sify, 1 month ago
MSN India, 1 month ago
DNA, 1 month ago
Business Standard, 1 month ago
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Money Control, 4 months ago
Rediff.com

New NPS entry age: Good news for seniors

Raise in NPS entry age gives seniors another retirement-saving option but they should invest at least Rs 50,000 to avail of the additional tax benefit the scheme provides, reports Sanjay Kumar Singh. Illustration: Uttam Ghosh/Rediff.com The Pension Fund Regulatory and Development Authority (PFRDA) has raised the age of entry into the National Pension System (NPS) for the private sector from 60 to 65.   For those who did not join the NPS earlier but would like to do so after 60, this is a ...
 Rediff.com3 weeks ago NPS becomes more attractive for senior citizens  Rediff.com2 months ago

Govt permits banks to sell more small savings schemes

In order to encourage savings, the government has allowed banks, including top three private sector lenders, to accept deposits under various small savings schemes like National Savings Certificate (NSC), recurring deposits and monthly income plan.Until now, ...
 Business Standard1 month ago

Will Small Saving Scheme Rates Reduce Further? Know Here...

Posted by Equitymaster The interest rate on Public Provident Fund (PPF) may fall to a 37-year low soon. And those on all other Small Savings Schemes (SSS) may also decline in next few days. The Government is contemplating reducing interest rates on SSS by 10 ...
 Equitymaster.com2 months ago No cut in interest rates on small savings schemes  Deccan Herald2 months ago
Rediff.com

Jump in small savings to burden govt

The Centre has to bear the burden of borrowing NSSF loans to the tune of Rs 1 lakh crore.Abhishek Waghmare reports. Government securities against the collections in the National Small Savings Fund -- NSSF -- will probably trump the budget estimate of Rs 1 lakh crore this fiscal year on account of an increased public preference for safe and long-term investments. This has been demonstrated by an almost three fold jump in the NSSF collections in the first half of FY18 (April to September), at Rs ...
 Rediff.com2 weeks ago

Best ways to use your retirement corpus

Bank Fixed Deposits give safe and fixed returns but the rates of interests have been going southwards over the past few years. Senior citizens do get extra interest over and above the normal interest applicable. To get the maximum benefit out of FDs you need ...
 MSN India1 month ago

Spy’s eye: Transparency in governance

If a government ‘of the people’ and ‘by the people’ also has to become the government ‘for the people’, the first thing it has to measure up to is transparency The reform in tax regime and changes in the Companies Act have followed the ...
 The Financial Chronicle1 month ago

All You Need To Know About Section 80C

Posted by Equitymaster Rahul, a mechanical engineer, met a Relationship manager at his bank branch last week. The RM kept pitching him with tax saving products. With so many financial products on the table, he was confused and couldn't make an investment ...
 Equitymaster.com1 month ago
Rediff.com

Taxpayers, here's some good news for you

You need not worry even if there is a mismatch between your income and deduction in Form 16/16A and Form 26AS, says Ashley Coutinho. Illustration: Dominic Xavier/Rediff.com In a major relief to individual taxpayers, the Central Board of Direct Taxes (CBDT) has clarified that the provisions of Section 143(1)(a)(vi) would not be invoked to issue intimation for any mismatches between the income and deduction in Form 16/16A and Form 26AS.   This circular provides relief to individual ...
 Rediff.com1 month ago
Rediff.com

Guaranteed returns for golden years? Go for annuities

Conservative investors and those in the lower tax bracket should opt for these, experts tell Sanjay Kumar Singh The Insurance Regulatory and Development Authority of India (Irdai) recently asked the Life Insurance Corporation (LIC) to lower the return it offers on its immediate annuity plan, Jeevan Akshay. The regulator wants the rate to be aligned with the 10-year government securities (G-sec) yield, which is currently at around 6.58 per cent. This news has brought annuities into focus.
 Rediff.com2 months ago
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