This mindless medley of products does not create choice.
Investments in Sukanya Samriddhi Account will earn higher interest rate of 9.2%.
There will be higher charges for bank account-holders.
After retirement, the pressure on finances increases in the absence of regular income. Here are a few suggestions to ensure a smooth post-retirement life
Even if interest rates go down, they may continue to offer better returns than fixed deposits.
Tax-saving investments should not be made with the sole purpose of saving tax, but should also help an individual grow his wealth, suggests Archit Gupta, founder and CEO, ClearTax.
In an online chat with Rediff.com readers, G Srikanth, partner, GSV Associates, chartered accountants, Chennai and member of the Institute of Cost and Management Accountants, answered queries about the new income tax proposals mooted in the Union Budget 2020-2021.
How investors can tweak their fixed income investments to earn more in the current environment.
For longer tenure products, they offer higher returns compared to other instruments. But for shorter tenures, things are getting tighter for investors.
Tax planning will help you pay less income tax. Something everyone wants. But smart tax planning will help you boost your portfolio.
Retirees must also try and purchase a senior citizens' policy, despite steep premiums.
Expect more volatility in the coming year as the economy and markets price in the demonetisation drive.
'The rate of interest from the EPF is still attractive compared to the rates on fixed deposits, National Savings Scheme, Public Provident Fund...'