LIC of India issues Pradhan Mantri Vaya Vandana Yojana (PMVVY) that fetches 8% pension for senior citizens. This is a very special scheme available only for senior citizen. Now a days when interest rate across all savings are falling, PMVVY…
Author: Tarun Bansal Savingwala
Speedy payment of dues under CGEGIS
The Finance Ministry – Arun Jaitley has eased norms to speed up payment of Savings Fund on account of CGEGIS for retiring central government employees. In number of cases delay occurs in payment of Central Government Employees Group Insurance Scheme (CGEGIS)…
Merger of HDFC Life, Max Life
Mortgage lender HDFC today said it has informed insurance regulator IRDAI that the proposed merger of Max Life Insurance Company with HDFC Life is structural in nature.
Banks to raise Cash Transaction fees.
Banks are planning to raise transaction charges to discourage cash transactions after recent demonetization.
Senior Citizen Saving Schemes Offered by Different Banks
Senior Citizen Saving Scheme is all time favorite investing option for citizens with age group 60+. Not only it offer higher interest rates but also offers feeling of secured investment at the critical stage of life where you can not…
Sukanya Samriddhi Updates
Recently government of India had launched, the Sukanya Samriddhi Yojana, for a better future of girl child in the country. The scheme has been receiving overwhelming response from the parents across the country. we have already covered the features on…
Raising Frauds in Banking Sector
The number of frauds in the banking sector have increased by more than 10 per cent over the last two years, with retail banking witnessing highest number of incidents, says a report by consultancy firm Deloitte. “While the banking sector…
Lost National Savings Certificate?
NSC has been a one of the best investment option for middle class families in India, along with income tax savings it also offers good assured returns. NSCs are most common under salaried persons. Since NSCs are a long term…
Sukanya Samriddhi
PM Modi had launched twin programmes of “Beti bachao, beti padhao” and “Sukanya Samriddhi account” in a bid to encourage birth and education of girls and tackle the abysmally low child sex ratio of 918 girls for 1000 boys. The…
Kisan Vikas Patra vs Gold – Why KVP?
All time hero Kisan/Kissan Vikas Patra (KVP) was re-launched with much fanfare by the finance ministry, with initial reports suggesting the minister promised these would be bearer instruments that could be purchased in cash.