Home
>
Archives for
March 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%.
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
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.
