DEMAT ACCOUNT

DEMAT ACCOUNT Demat account functions like a bank account, where your bank balance is a mere entry in the bank passbook and you do not hold the cash physically. Securities too are held in an electronic form (demateralised form), in a similar manner and debited credited. Why should you have a Demat Account? As per SEBI guidelines shares cannot be bought and sold in any form except in demateralised form. Therefore, if you want to buy...

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New Pension System (NPS)

New Pension System (NPS)   What is NPS ? Its a pension system recently launched by Govt of India from 1st April, 2009.. You can regularly invest your money in this and get a lump sum at your retirement and a fixed monthly income for the lifetime . It will work almost the same way as Private Pension Schemes . Until now the pension schemes was available to Govt employees and employees of Big companies who has Provident fund facility ...

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5-Year Post Office Recurring Deposit Account

5-Year Post Office Recurring Deposit Account Interest payable, Rates, Periodicity etc. Rate of interest 8.40%. Maturity value of a 5 Years RD account opened on or after 1.4.2012 with monthly deposit of INR.10/- shall be INR.746.51. Can be continued for another 5 years on year to year basis....

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Senior Citizen Savings Scheme

Senior Citizen Savings Scheme   Interest payable, Rates, Periodicity etc. 9.30% per annum, payable from the date of deposit of 31st March/30th Sept/31st December in the first instance & thereafter, interest shall be payable on 31st March, 30th June, 30th Sept and 31st December. Investment limits and ...

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National Savings Certificate (NSC)

National Savings Certificate (VIII Issue) Interest payable, Rates, Periodicity etc. Rate of interest 8.60%. Maturity value of a certificate of INR.100/- purchased on or after 1.4.2012 shall be INR. 152.35 after 5 years. Investment limits and Denominations  Minimum INR. 100/-...

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Post Office Monthly Income Account Scheme (MIS)

Post Office Monthly Income Account Scheme (MIS) Interest payable, Rates, Periodicity etc. 8.50% per annum   w.e.f. 01.04.2012 Investment limits and Denominations In multiples of INR 1500/- Maximum INR 4.5 lakhs in single account and INR 9 lakhs in joint account. Salient features including Tax ...

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Public Provident Fund Account

Public Provident Fund Account Ideal investment option for both salaried as well as self employed classes. Non-Resident Indians (NRIs) are not eligible. Investment up to INR. 1,00,000 per annum qualifies for IT Rebate under section 80 C of IT Act. The rate of interest on the subscriptions made to the fund on or after 01.12.2011 and balances at credit of the subscriber in the existing PPF account shall bear interest at the rate of eight...

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