PPF and NSC Interest Rates set to be lower from April1, 2013

Your plans to invest in the Nation Savings Certificate (NSC) and Public Provident Fund (PPF) may earn you lower interest as the government is set to bring into effect revised interest rates for these schemes from April 1, 2013. As per the revised interest rates, deposits in NSC will earn 8.8% interest instead of 8.9% and 8.7% for PPF instead of 8.8%.

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Keeping a check on your spendings is the secret to savings!

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Money Saving, the smart way - Part 1

Money saving and smart money saving are two different traits and following the later isn’t such a tough thing to do. We have combined a few smart yet easy tricks of saving your hard earned money.

Put technology to use: It’s the era of smart phones and the Internet and we need to embrace this technological change smartly. Whether it is the convenience of online banking services, the exclusive discounts online shopping websites have got to offer or free applications that  provide ample information on given topic, these services are not just helping us time save but also adding up to our savings. The need to make a call to the personal banker, traveling all the way to the mall to shop that dress has been eliminated by technology

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Spending or Saving, what's on your mind?

                                          

Original image source: dig-mar.com

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Budget 2013: What we will love and hate in the year ahead

The Union budget for the year 2013-14 as announced by Mr. P Chidambaram recently has received mixed reactions. Some policies will make us rejoice while some may pinch our pockets. Here are a few things that will make us rejoice and dampen our spirits in the coming financial year.

Reasons to smile:

Benefit for the first time investors: The first-time investors, investing in the Rajiv Gandhi Equity Saving Scheme (RGESS) are in for some tax relief. With RGESS, investors can claim 50% tax deduction on the invested amount for three years. If your DEMAT is lying unused yet, this can be the right time to make a smart move.

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