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(Precious) Words of Wisdom : "We don’t have to be smarter than the rest, we have to be more disciplined than the rest." ~ Warren Buffett

Massive Rate Cut On Post Office Small Savings Schemes

The Department of Economic Affairs, Ministry of Finance has announced the latest interest rates on the Post Office Small Savings Schemes for the first quarter of the Financial Year 20-21.

Till now the Govt. has generally made only some minor changes in the same. However, on this occasion, it has slashed the rates very (very) sharply.

Decoding Budget 2020 Tax Angle For Mutual Fund Investors

Budget 2020 announced a raft of changes in the personal finance space. Some will directly impact mutual fund investors, such as the change in Dividend Distribution Tax (DDT) and introduction of Tax Deducted at Source (TDS), and some indirectly, such as the introduction of the new tax regime. This article attempts to explain the impact of these changes on mutual fund investors.

8 Factors That Affect Your CIBIL / Credit Score

This guest post is contributed by Samawat Shakil, Content Manager, OMLP2P

The Credit Information Bureau (India) Limited (CIBIL) is the most popular of the four credit information companies authorized by Reserve Bank of India. There are three more companies licensed by the RBI to operate as credit information companies. They are Experian, Equifax, and Highmark. Still, the most popular credit score in India is the CIBIL score.

10 Key Features of 'Standard Individual Health Insurance'

IRDAI (Insurance Regulatory and Development Authority of India) has recently issued guidelines on the 'Standard Individual Health Insurance Product'.

The market is presently flooded with numerous health insurance plans. Each offers unique features. As such, it is not easy for a common person to choose the most appropriate mediclaim policy.

Hence the need for a standard policy — common across all insurance companies — which will take care of an individual's "basic health insurance requirements". This will also simplify the process of policy portability among insurers.

PO Small Savings Schemes Investors (Again) Happy

The Department of Economic Affairs, Ministry of Finance has announced the latest interest rates on the Post Office Small Savings Schemes for the period Jan to Mar 2020.

Contrary to a rate reduction that many were expecting, the Govt. has decided that such interest rates shall remain unchanged this quarter too, just like the previous quarter.

This has naturally made the investors in Small Savings Schemes very happy. They have already been suffering as the interest rates on Bank FDs have come down in recent months.

4 Ways to Get the Ideal Personal Loan Interest Rate and Tenure

This guest post is contributed by Satchit Hasabnis, co-founder loanbaba.com.

A personal loan, as understood, is a collateral-free loan, which can be used for any expense. Thus, if you take this loan, there will be no restriction on the end purpose of the funds. Many take the funds to meet immediate financial requirements like a medical emergency, travel, education fee, even debt consolidation. Or, use the money for a big-ticket purchase, home renovation, wedding, etc. Basically, this kind of funding is a key to overcome all your monetary woes.

Bharat Bond ETF Offers No Investment Bonding

The Govt. of India has announced its plan to launch a mutual fund scheme that will invest only in the bonds issued by the Public Sector Companies... hence the name Bharat Bond ETF.

The idea is to offer an investment which is as SAFE as the Fixed Deposits, and yet delivers superior POST-TAX returns with better LIQUIDITY.

Let's explore:

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101 Classic Tips Money Gyaan

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... Three VALUABLE Tips ...

1. Stop! Don't Invest In The Stocks Markets (Directly)
Direct Equity or Mutual Funds
Listen to the wise owl. Don't go buying stocks on your own.

 


2. Fake News On Investment (Again): Misleading Annuity Returns
Returns from Annuity Plan
You are far better off skipping the Annuity Schemes.

 


3. Damaged Notes: RBI Rules To Exchange And Claim Refund
RBI Note Refund Rules
Salient aspects of the rules for exchanging damaged currency.