As the financial year draws to a close on March 31, taxpayers are focusing on maximising their savings through investments under Section 80C of the Income Tax Act. Among the various options available, Equity Linked Savings Schemes (ELSS) stand out as a favourable choice for both tax savings and potential long-term wealth creation. Under Section … Read more
NPS Vatsalya vs mutual funds: The NPS Vatsalya scheme was floated earlier this week, which is one-of-a-kind scheme where parents can start saving for their minor children much before they enter into their adult life. The NPS Vatsalya is a long-term pension scheme proposed during the full Union Budget 2024, following the third-term victory of the … Read more
My husband passed away in December 2023. Now with his death, I can only invest Rs 30 lakhs in Senior Citizen Savings Scheme (SCSS) in my name instead of Rs 60 lakh previously done for both. Where can I invest this money now, where I can get maximum, risk-free returns with a lock-in period of 5 years. Name … Read more
The Centre and Reserve Bank of India (RBI) backed Sovereign Gold Bond Scheme 2023–24 Series III schedule for the fiscal year 2023-2024, which opened for subscription on December 18, will close for subscriptions on December 22, 2023 (Friday). The issuance of these bonds is scheduled for December 28, 2023. Last week, RBI announced that the … Read more
The Reserve Bank of India (RBI) revealed the Sovereign Gold Bond (SGB) Scheme Series III schedule for the fiscal year 2023-2024, which is set to commence on December 18 and conclude on December 22. The RBI has established the issue price for SGBs 2023-24 Series III at Rs 6,199 per gram, with a discount of … Read more