'The government's decision to keep interest rates unchanged on small savings schemes will certainly constrain banks' ability to cut deposit rates further.'
Many senior citizens 'underestimate the impact of inflation, taxation, health-related expenses, and the heavy premium they will have to pay on health insurance.'
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
Senior citizens should avoid putting their entire retirement corpus in SCSS.
Here's what you must know about the Post Office Monthly Income Scheme and why it offers risk-free returns on your investments.
People are increasingly being drawn to trusty small savings instruments
The tax benefits on SCSS and the restored maturity bonus on POMIS will make the investments more attractive.
You can build your own retirement savings portfolio by investing in equity, hybrid and/or debt funds. Alternatively, you can also invest in retirement funds which provide asset allocation solutions for different investment needs and risk appetites, says Dwaipayan Bose
Even an investor with an appetite for risk can consider investing in fixed deposits to hold a complete and well-diversified portfolio across asset classes.
Banks have been reluctant to transmit the entire policy rate cut by RBI to borrowers.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Retirees must also try and purchase a senior citizens' policy, despite steep premiums.
Conservative investors and those in the lower tax bracket should opt for these, experts tell Sanjay Kumar Singh
If you plan to withdraw money from your corpus regularly to meet expenses, have a portfolio of stable instruments.
Interest rates on bank FDs have started coming down and rates on other fixed-income products will also decline. Investors should lock in to instruments offering higher returns.
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.
Investors must remember that only resident Indians can open a PPF account and a person can have only one PPF account.
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