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Sovereign Gold Bond Scheme – Should you invest in SGB?

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Last updated : 5th March, 2016  Sovereign Gold Bond (SGBs) are government securities denominated in grams of gold that also provides interest of 2.75% p.a. on top of price of gold. They are substitutes for holding physical gold. The Bond is issued by Reserve Bank on behalf of Government of India.   How the Sovereign Gold Bond Scheme works? For each gram of gold, you can buy 1 unit of SGB. The rate is fixed by the government at the time of issuing the bond You will get interest @ 2.75% p.a. Interest is paid every six months. On maturity, ... Read More »

NABARD 7.64% Tax Free Bonds (March 2016) – Details & Review

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Last updated : 18th October, 2016 NABARD is offering tax-free bonds to raise Rs 3500 crore at the rate of 7.29% (10 years) and 7.64% (15 years) to retail investors. The rural focused development lender has already raised Rs 1500 crore via private placement. The issue will open on March 9 on First-come-first serve basis. Size of the Issue – NABARD is authorized to raise Rs. 5,000 crore from tax free bonds this financial year.  The company has already raised Rs. 1500 crore through private placement. The company will raise Rs. 3500 crore in this issue. The issue will be open during 09-March-2016. Other ... Read More »

7.60% NHAI Tax Free Bonds (December 2015) – Details & Review

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Last updated : 21st December, 2015 National Highways Authority of India’s (NHAI) is offering tax-free secured redeemable non convertible bonds to raise Rs 1500 crore, with an option to retain oversubscription upto Rs 8663 crore. It is the fifth tax-free bond issue in the current financial year after NTPC, PFC, REC and IRFC. For retail investors, the annualised coupon offered is 7.39% , 7.60% for tenure of 10 and 15 years, respectively. Size of the Issue – NHAI is authorized to raise Rs. 24,000 crore from tax free bonds this financial year.  The company has already raised Rs. 3,872 crore through ... Read More »

Pradhan Mantri Sneha Bandhan Yojana (PMSBY) – Details and Review

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Last updated : 31st July, 2015 Modi Government has announced one more yojana – Pradhan Mantri Sneha Bandhan Yojana on the occasion of of Raksha Bandhan. Three specially designed gifts products are announced under the umbrella of “Pradhan Mantri Sneha Bandhan Yojana” and will be available from 1st August, 2015 in all the designated banks. What is Pradhan Mantri Sneha Bandhan Yojana? Pradhan Mantri Sneha Bandhan Yojana is an Insurance Linked Fixed Deposit Scheme which will reap interest at the prevailing rate. It comes in a form of Gift Card or Banker’s Cheque which you can buy from the designated ... Read More »

Sukanya Samriddhi Account Birth Certificate Alternative

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Last updated : 5th June, 2015 In this post, I am explaining about the alternatives to open Sukanya Samriddhi Yojana if you donot have the child’s birth certificate. Sukanya Samriddhi Yojana is new saving scheme announced in Jan 2015 for saving money for the girl child’s education and marriage. (Read Post –Sukanya Samriddhi Account – Features & Review) Features of Sukanya Samriddhi Account The account can be opened when your girl child is born till she attains 10 years of age, Minimum deposit per year – Rs 1000 & Maximum deposit per year – Rs 150000 Interest rate applicable on this ... Read More »

How to open Sukanya Samriddhi Yojana Account in SBI

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Last updated : 1st June, 2015 Many of our members are finding challenges in opening Sukanya Samriddhi Account with Banks as the bank officials are not aware of the formalities to open account in SBI. In this post, I am going to explain how to open SSY Account in SBI. Sukanya Samriddhi Yojana is new saving scheme announced in Jan 2015 for saving money for the girl child’s education and marriage. (Read Post –Sukanya Samriddhi Account – Features & Review) Currently Sukanya Samriddhi account can be opened from Post office. RBI has notified 28 banks which are authorized to open Sukanya ... Read More »

Gold monetization scheme 2015 Review – Things to know

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Last updated : 20th May, 2015 Gold monetization scheme (GMS) is announced by Finance Minister Arun Jaitley in the Union Budget 2015-2016. Now the Government has release the Draft guidelines for implementing this gold monetisation scheme. According to the government, gold deposit accounts will utilise the 20,000 tonnes available within the country and help in cutting down the 800-1,000 tonnes of gold the country ships every year. What is Gold monetisation scheme? In simple terms, it is a scheme that allows people to deposit the gold / jewellery and earn Interest on their Gold Account. A.  Key Features of Gold ... Read More »

Sukanya Samriddhi Account – Application Form download for Bank or Post office

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Last updated : 27th March, 2015 RBI has issued a circular on 11th March 2015 to start opening the Sukanya Samriddhi Account as per Government notification. http://www.rbi.org.in/scripts/BS_CircularIndexDisplay.aspx?Id=9594   As part of this circular,RBI also provided the Specimen of account opening application form and the passbook of the Sukanya Samriddhi Account Account Opening Application Form Specimen of Passbook   Application form download for Post office – Post office are also accepting this form for opening Sukanya Samriddhi Account Sukanya Samriddhi Account Opening Form- Post office   Also, Read other Articles related to Sukanya Samriddhi Account below:   Sukanya Samriddhi Yojna – ... Read More »

Sukanya Samriddhi Yojna – List of 28 banks to open this Account

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Last updated : 28th March, 2015 In this post, I am providing the list of banks where you can open the Sukanya Samriddhi account.  In March 2015, RBI sent notification to 28 banks regaring opening account under Sukanya Samriddhi Scheme Yojna. In my previous post, I explained the features of Sukanya Samriddhi Account. Read full details and review of this scheme Also see Maturity value amount & calculator – See details Below is the List of Banks  where you can open the Sukanya Samriddhi account State Bank of India Axis Bank Ltd. ICICI Bank Ltd. IDBI Bank Ltd. Allahabad Bank ... Read More »

Sukanya Samriddhi Account – Maturity value calculator

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Last updated : 28th March, 2015 In my previous post, I explained the features of Sukanya Samriddhi Account. Summary of its features are: Sukanya Samriddhi Account can be opened by parents for their girl child The account can be opened at Post office or at designated bank branches. Interest rate is 9.1% for current financial year. Interest rate for each year will be declared every year (like PPF)   The age of girl at the time of opening account should not be more than 10 years. Money must be deposited for 14 years. The maturity of the account is 21 years ... Read More »

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