FIXED INCOME


Nishant Vivek 24 August 2018
One way in which you can show your sister how important she is to you is by providing her with financial security. This Raksha Bandhan, take a step in this direction by gifting her investment option for women that will yield high returns over time, giving her access to a stream of...

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Clinton Fernandes 19 July 2018
ECL Finance has planned a Rs2,000 crore issue of secured redeemable non-convertible debentures (NCDs)  amounting to Rs500 crore with an option to retain over-subscription up to Rs1,500 crore. The NCD issue has been rated “AA/Stable” by CRISIL and “AA with stable outlook” by...

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Moneylife Digital Team 27 June 2018
Chennai-based Shriram Transport Finance Company, an asset financing non-banking finance company (NBFC), has come out with its biggest non-convertible debentures (NCD) issue. The total issue size is Rs5,000 crore and has been rated ‘CRISIL AA+/Stable’ by CRISIL and ‘IND AA+:Outlook Stable’ by...

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The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved extending the investment limit from Rs 7.5 lakh to Rs 15 lakh under the Pradhan Mantri Vaya Vandana Yojana (PMVVY).   It also extended the last date for subscription to the scheme till March 31, 2020....

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Bank fixed deposit (FD) rates are slowly inching up. For a three-year FD, State Bank of India (SBI) has increased the rate from 6.5% to 6.7%. Yes Bank offers a rate of 7%; Axis is offering 6.9%; ICICI has a rate of 6.5%; while HDFC Bank’s rate is the lowest among its peers at 6%. Some private...

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Interest rates on bank fixed deposits (FDs) are inching up slowly. In the past few years, deposits of over Rs1 crore earned less than regular deposits forcing investors to break up the deposit amount into multiple FDs to earn a better rate. The trend has changed. FDs of over Rs1 crore up to...

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The government has made a U-turn after making non-resident Indians (NRIs) persona non grata for PPF (public provident fund) investment since 3 October 2017. Under the October notification, PPF and NSC (National Savings Certificate) yield only savings account interest from the day the person...

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HDFC Life has launched an annuity product called Pension Guaranteed Plan. It is the only-one-of-its-kind policy which offers guaranteed deferred annuity rates for a lifetime right at the time of purchase. While guaranteed annuity rates for deferred annuity may give the investor some comfort,...

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The government has discontinued 8% Government of India (GoI) Savings (Taxable) Bonds, 2003, for subscription. It has launched 7.75% Savings (Taxable) Bonds, 2018. The interest is payable semi-annually for non-cumulative mode; cumulative mode is also offered. Just like public provident fund...

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Interest rates on bank fixed deposits (FDs) for short terms may rise in the near future. Yes Bank, ICICI Bank, RBL Bank and Axis Bank have revised FD rates at the end of December 2017. Yes Bank has increased FD rates for a term of 46 days to less than six months by 15 basis points...

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Discontinuation of Jeevan Akshay VI by Life Insurance Corporation of India (LIC) from 1st December was hyped by media as a popular product coming to an end. It was touted as a product offering good returns which were impossible to sustain. This marketing hype got impetus with Insurance...

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IANS 02 January 2018
New Delhi, The government on Monday announced that its GOI Savings Bonds, 2003, earning 8 per cent interest per annum, will cease subscription from January 2.   The bonds have been popular on account of offering a higher rate of interest than small savings and fixed deposit...

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It has been three good years for long-term bond-holders. They could make capital gains, with bond prices rising due to falling bond yields. Capital gains are taxable irrespective of whether you sell taxable or tax-free bonds. Short-term capital gains apply to sale of bonds within one year of...

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A game-changing rule from the government has debarred non-resident Indians (NRIs) from investing in Public Provident Fund (PPF) and National Savings Certificate (NSC) with effect from 3 October 2017. Under the rule, PPF and NSC will yield only savings account interest from the day the person...

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IANS 21 November 2017
Reliance Industries Ltd (RIL) on Tuesday said it has raised USD800 million by selling 10-year bonds in the first offering since Moody's last week raised India's sovereign rating after 14 years.   According to a Mukesh Ambani-led RIL release here, the bonds, priced at 3.66 per cent,...

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Large scheduled commercial banks are offering interest rate of 6.25% to 6.75% on fixed deposits (FDs) for one year. You can get 7% to 7.3% with smaller scheduled commercial banks. If you want interest rate of higher than 7.3%, you may need to explore options with small finance banks (earlier...

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Risk-averse investors want to avoid equities. But is your investment in risk-free investment avenues devoid of all risks? What if you had violated rules by exceeding the investment limit? Are you even eligible for investment in a chosen financial product? Ignoring the rules of the product,...

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IANS 30 October 2017
Amending rules on post office savings schemes like the National Savings Certificates (NSC) and Public Provident Fund (PPF), the government has notified that such accounts would be closed prior to maturity in case of holders changing their personal status to become non-resident Indians...

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State Bank of India (SBI) has reduced the interest rate on fixed-deposits (FDs) from 1st October by 0.25% for select maturity buckets. The maximum offered rate is 6.5% for a term of 46 days to less than two years. Top private banks, ICICI Bank and HDFC Bank, are offering a maximum rate of...

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There are various Sections under which tax deduction can be claimed, to reduce your taxable income while filing income-tax (I-T) returns. For example, Sections 80C, 80D, 80G, 80GG, 80TTA and so on are some of the commonly used Sections for claiming tax deductions. At the time of filing I-T...

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