FIXED INCOME


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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Raj Pradhan Raj Pradhan 02 February 2018
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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Raj Pradhan Raj Pradhan 18 January 2018
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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Raj Pradhan Raj Pradhan 03 January 2018
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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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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Raj Pradhan Raj Pradhan 22 December 2017
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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Raj Pradhan Raj Pradhan 24 November 2017
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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Raj Pradhan Raj Pradhan 10 November 2017
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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Raj Pradhan Raj Pradhan 10 November 2017
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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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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Raj Pradhan Raj Pradhan 27 October 2017
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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Raj Pradhan Raj Pradhan 13 October 2017
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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Raj Pradhan Raj Pradhan 29 September 2017
The Central Board of Direct Taxes (CBDT) is focusing on those with interest income of Rs5 lakh or more who are not paying taxes or filing returns. This includes senior citizens, professionals earning in cash and others who may be evading taxes. The move is part of the income-tax (I-T)...

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Raj Pradhan Raj Pradhan 15 September 2017
The Black Money (Undisclosed Foreign Income and Assets) Act aims to curb black money, or unreported assets, and imposes tax and penalty on such income. For FY14-15, the central board of direct taxes (CBDT) has directed all resident Indians to disclose their foreign accounts in their returns....

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Raj Pradhan Raj Pradhan 01 September 2017
State Bank of India (SBI) pressed the trigger for lowering the savings account interest, from the standard 4% down to 3.5%, for customers with balance of less than Rs1 crore. HDFC Bank, ICICI Bank, Axis Bank and Bank of Baroda followed with a similar move for customers with account balance of...

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Raj Pradhan Raj Pradhan 14 August 2017
The Income-tax (IT) department, finally, extended the ITR filing date to 5th August. The earlier deadline (31st July) for filing the returns had to be extended due to overloading of the website. There was difficulty in logging in to submit ITR as well as completion of the electronic...

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Raj Pradhan Raj Pradhan 04 August 2017
SREI Equipment Finance Ltd (a subsidiary of SREI Infrastructure Finance Ltd) has come out with a public issue of unsecured, subordinated and redeemable non-convertible debentures (NCDs). The interest rate is 9.30% for 5 years and 3 months, 9.40% for 7 years and 9.55% for 10 years. There will...

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Securities and Exchange Board of India (SEBI) chairman, Ajay Tyagi, has warned fund managers against adding bad assets to their portfolios when investing in fixed-income securities. The warning comes at a time when some debt mutual funds (MFs) made bad investment decisions at the cost of the...

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The 10-year benchmark G-Sec yield, which sets the tone for the fixed-income market, has declined in the last fortnight, to end at 6.45% on 12th July.     

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