Wednesday, June 12News That Matters

Misc

10.47% Kosamattam Finance (KFL) NCD Sep 2021 – Details & Review

10.47% Kosamattam Finance (KFL) NCD Sep 2021 – Details & Review

Bonds, Misc, NCD
Kosamattam Finance is looking to raise up to Rs 300 crore through secured redeemable non-convertible debentures (NCD) offering interest of 8.30% - 10.47% for different maturities.  Kosamattam Finance (KFL) is a systemically important non-deposit taking NBFC primarily engaged in the Gold Loan business, lending money against the pledge of household jewellery ("Gold Loans") in the state of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi, Maharashtra, Gujarat and Telangana along with the Union Territory of Puducherry. Key Features for Kosamattam Finance (KFL)  NCD Issue Open Date 30 Aug 2021 Issue Closing Date 24 Sep 2021 Type of Instrument Secured redeemable NCDs  Size of issue Rs 300 crores (Base size: Rs 150 crores) Minimum Investment 10 NCD (Rs 1000 per NCD) Max Inve...
9.75% Indiabulls Housing Finance NCD Sep 2021 – Details & Review

9.75% Indiabulls Housing Finance NCD Sep 2021 – Details & Review

Bonds, Misc, NCD
Indiabulls Housing Finance is looking to raise up to Rs 1,000 crore through secured / unsecured redeemable non-convertible debentures (NCD) offering interest of 8.75% - 9.75% for different maturities.  Indiabulls Housing Finance is one of India’s largest housing finance companies and has assets under management (AUM) of ₹79,213 crore with more than one million customers as of 30 June 2021.  Key Features for Indiabulls Housing Finance  NCD Issue Open Date Sep 6 2021 Issue Closing Date Sep 20 2021 Type of Instrument Secured redeemable NCDs  Unsecured, subordinated, redeemable NCD Size of issue Rs 1000 crores (Base size: Rs 200 crores) Minimum Investment 10 NCD (Rs 1000 per NCD) Max Investment N/A Listing BSE, NSE Credit Rating CRISIL AA / Stable by CRISIL Ratings and B...
July 2021 – Best NRE FD Interest Rates for NRIs – Fixed Deposit Interest Rates Comparison

July 2021 – Best NRE FD Interest Rates for NRIs – Fixed Deposit Interest Rates Comparison

NRI
NRE Fixed Deposit is one of the best investment for NRI, if they are looking to invest their money in India. In this post, I have compared the NRE FD Rates offered by different banks in India. Benefits of NRE FD 1) Interest earned on NRE FD is tax free in India. 2) Currently exchange rates for INR are higher, so you will get more INR for your foreign currency. 3) Banks are offering good Interest rates on NRE FD, as RBI wants more foreign currency inflows into the country. NRE FD Rates Comparison July 2021 Latest ICICI Bank NRE FD Rate - Link Latest SBI Bank NRE FD Rate - Link Latest Axis Bank NRE FD Rate - Link Latest PNB Bank NRE FD Rate - Link Latest Yes Bank NRE FD Rate - Link Latest HDFC Bank NRE FD Rate - Link Latest Kotak Bank NRE FD Rate - Link Latest...

9.10% Shriram Transport Finance (STFC) NCD Jan 2020 – Details & Review

Bonds
Shriram Transport Finance Company Ltd (STFC) is looking to raise up to Rs 1,000 crore through secured redeemable non-convertible debentures (NCD) offering interest of 8.52% - 9.1% for different maturities.  This is the 2nd NCD issue for 2020 after Tata Capital Housing Finance NCD  issue is also open now. Key Features for Shriram Transport Finance Company NCD Issue Open Date Jan 6, 2020 Issue Closing Date Jan 22, 2020 Type of Instrument Secured redeemable NCDs  Size of issue Rs 1000 crores (Base size: Rs 200 crores) Minimum Investment 10 NCD (Rs 1000 per NCD) Max Investment Listing BSE, NSE Credit Rating CARE AA+ /Stable, IND AA+ /Stable, CARE AA+ /Stable Interest Monthly and Annual, Cumulative Allocation method First Come First Serve Basis NRI allowed? Not eligib...

8.70% Tata Capital Housing Finance NCD Jan 2020 – Details & Review

Bonds
Tata Capital Housing Finance, a subsidiary of Tata Capital, is looking to raise up to Rs 2,000 crore through non-convertible debentures (NCD) offering interest of 8% - 8.7% for different maturities.  Shriram Transport Finance Company has also open its NCD offer with interest upto 9.1%. Read the review. Key Features for Tata Capital Housing Finance NCD Issue Open Date Jan 7, 2020 Issue Closing Date Jan 17, 2020 Type of Instrument Secured redeemable NCDs and Unsecured redeemable NCDs Size of issue Rs 2000 crores (Base size: Rs 500 crores) Minimum Investment 10 NCD (Rs 1000 per NCD) Max Investment Listing BSE, NSE Credit Rating CRISIL AAA/ Stable, ICRA AAA/ stable Interest Monthly and Annual Allocation method First Come First Serve Basis NRI allowed? Not eligible ...
HDFC PPF Account: How to Open Account Online, Transfer Money, Check Balance

HDFC PPF Account: How to Open Account Online, Transfer Money, Check Balance

Bonds
PPF is a risk-free and tax-free investment product that provides reasonably good returns. You can open a PPF account either directly through a post office or through a bank.  Opening a PPF Account with a bank is lot more convenient than through a Post Office. This is  because a PPF Account with a bank facilitates online funds transfer from your savings  account to your PPF account. Read my other Post on -Why Should you invest in PPF In this post, I will be explaining the steps for opening PPF Account online at the HDFC Bank   What are the conditions to open a PPF account online at HDFC Bank?  For opening PPF account online, you need to meet following conditions: You must be an HDFC Bank savings account holder. You must have net-banking/ mobile banking enabled for your accou...

DigiBank by DBS – Zero Balance Online Bank Account with upto 7% Savings Bank Interest – Details and Review

Banking
  Digibank is India's first mobile-only bank - paperless, signatureless, branchless bank. It is completely online.   Digibank is part of DBS Bank - DBS Bank is a leading financial services group in Asia, with over 280 branches across 18 markets. It is headquartered in Singapore with presence  in Greater China, Southeast Asia and South Asia.   What are features of Digibank by DBS No Minimum Balance Savings Bank Interest upto 7% Debit Card With DigiSavings Bank  you will get physical debit card - that can be used anywhere including online and point of sale transactions, as well as overseas. You also get free unlimited cash withdrawals at nearly 2,00,000 ATMs across India. Exclusive Deals and Cashback Monthly Cashback offers for qualifying transactions  (see...

SBI Savings Plus Account with MOD High Interest Scheme – Details & Review

Banking
In one of my earlier post, I did explain how you can earn upto 9% interest on your Savings account. (Read the post here). Many members asked me about whether such facility available with SBI. So in this post, I am providing details regarding Sweep-in facility in SBI and how can you earn more from your idle Saving Account balance. SBI Savings Plus Account is a Savings Bank Account linked to MODS (Multi Option Deposit Scheme), wherein you can earn high interest from your idle funds in Savings Account. Sweepin Facility - The surplus funds in your savings account (above a threshold limit) is transferred automatically to Fixed Deposits and earns higher interest. When you need the money, the amount will automatically come in Savings Account from FD.   Some of the features of this account a...

Pradhan Mantri Shram Yogi Mandhan (PMSYM) – Mega Pension Yojana Scheme 2019

Misc
In Budget 2019, government has announced a Mega Pension Yojana, namely Pradhan Mantri Shram Yogi Mandhan (PM-SYM), to provide assured monthly pension of Rs 3000 per month for workers in the unorganised sector.  Unorganised sector workers with income up to Rs 15,000 per month,  will get pension after after 60 years of age for a contribution of Rs 100 per month.  In this post, I am providing more details about features of this pension yojana, its eligibility and application details:   Features - Pradhan Mantri Shram Yogi Mandhan (PMSYM)  Pension Yojana Contribution: The applicant opting for this pension yojana, needs to contribute a certain amount (Rs 55 - Rs 200 depending ion your age) in the pension account every month. If you join the scheme at the age of 18 years, you will ...

RBL Bank Digial Savings Account – Details & Review

Banking
RBL Bank is offering Digial Savings account that is a fast way of opening an online account. You need Aadhar number and PAN number to open the account online. Features of RBL Bank’s Digital Savings Account Minimum balance required – Rs 5000 Charges waived for non-maintenance of minimum balance if SIP / RD for Rs 2000 Instant account opening and paperless Unlimited ATM withdrawals – 5 transaction free per month on other ATMs Savings Interest rate upto 6.50 % p.a You will also be receiving your Welcome Kit soon on your address, containing your personalized Debit Card. Free NEFT transfer Interest Upto Rs 1 lakh – 5.50% Rs 1 lakh to Rs 10 laks – 6% (on balance > 1 lakh) Rs 10 lakh to Rs 5 crores – 6.5%  (on balance >1 lakh)     How to open RBL Bank’s Di...