Interest Rates On Govt. Schemes Have Been Cut

Finally some good news that I have been waiting for. The interest rates for the governments schemes have come down. Just in yesterday’s post I have been complaining about the high interest rates of many of these schemes have been the barrier for the rate cut transmissions. I am not particularly happy about the rate cut because it does not really help. The banks rarely cut the lending rates because they still have to honor the FDs which are fixed at the previous interest rate for a fixed duration. Moreover the FD rates are quite high compared to the repo … Continue reading “Interest Rates On Govt. Schemes Have Been Cut”

Should You Invest in Bharat Funds?

By now everyone must have heard about the PSU based ETFs, namely, Bharat 22 ETF and Bharat Bonds EFT. Should you invest in them because they carry the safety of investing in companies mostly owned by the government? That is the topic of today’s post, but I will be brief. Bharat 22 ETF First, lets start with the Bharat 22 fund because it is easier to come to a decision. Bharat 22 ETF was introduced as a divestment vehicle for the government. It is a fancy way of saying that the government wants to get rid of some of its … Continue reading “Should You Invest in Bharat Funds?”

Form 15G and 15H

It is the start of the financial year and now is a good time to figure out if you need to submit form 15G or 15H. For most individuals, this probably does not apply, but it may be applicable for your parents or if you or your spouse have a nil tax liability. In this post, lets go over when, why, where, who and how one can submit form 15G/15H. Why submit Form 15 If you have large savings lying in your bank which accrues interest, or invested in Fixed Deposits (FDs), or have invested in other fixed income plans … Continue reading “Form 15G and 15H”