Credit Rating – I: What To Expect from Rating Agencies
After the deep mess in which Infrastructure Leasing & Financial Services (IL&FS) has landed, everybody’s attention is back on credit ratings. The rating agencies have been accused of deteriorating financials of IL&FS. Whether or not we know much about the functions of rating agencies, it does not stop us from cursing them. 
 
Under the current system, companies pay rating agencies...
Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital Access

Subscribe

Moneylife Magazine Subscriber or MAS member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
Provident fund, NSC interest rates hiked to 8%, for KVPs to 7.7%
The government on Thursday raised the interest rates on small saving schemes, including National Savings Certificates (NSCs), Public Provident Fund (PPF) and Kisan Vikas Patra (KVP), for the third quarter of the fiscal (October-December).
 
A Finance Ministry notification said that for time deposits of less than 5 years the interest increases by 0.3 percentage point, while it would go up by 0.4 percentage point for others. 
 
The PPF and NSCs will earn 8 per cent interest from October 1, 2018, while KVPs will earn 7.7 per cent.
 
The PPF, NSC and KVP are currently offering 7.6, 7.6 and 7.3 per cent interest, respectively.
 
While the Senior Citizen's Savings Scheme of five-year period will offer 8.7 per cent interest, the Sukanya Samriddhi Yojana for the girl child will offer 8.5 per cent.
 
The government retained the interest on savings deposits at 4 per cent, compounded annually.
 
The new interest rates are in line with the hike announced by India's central bank in key interest rates.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

 

User

Now, Fixed Deposits at 10.25% per annum. Hawkins Sets a New Example
Hawkins Cookers Limited has restarted its unsecured fixed deposits (FD) scheme delivering up to 10.75%pa (per annum) interest. The investment scheme started on 18 September 2018 and will remain open until 30 September 2019 or up to the company’s next annual general meeting, whichever is earlier.
 
Investors in the scheme can earn at least 10.25%pa interest on a 12-month FD and up to...
Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital Access

Subscribe

Moneylife Magazine Subscriber or MAS member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

online financial advisory
Pathbreakers
Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
online financia advisory
The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Online Magazine
Fiercely independent and pro-consumer information on personal finance
financial magazines online
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
financial magazines in india
MAS: Complete Online Financial Advisory
(Includes Moneylife Online Magazine)