Banking

RBI 7.15% Floating Rate Savings Bonds 2020

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Finally, the Government made amendments to Personal Finance Investors. They had closed RBI bonds on a Saturday, just giving half-day (Monday) to build panic among fixed-income investors. And almost a month after they have launched the improvised version – RBI 7.15% Floating Rate Savings Bonds 2020. These RBI Bonds start for subscription from July 01,Read More

Understanding Form 15G & 15H – To Avoid TDS

by Madhupam Krishna

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Form 15G or Form 15H are self-declaration forms that show that an individual’s total income is below taxable slab hence tax is not to be deducted. But who can submit these? Is there any rule governing the submission of Form 15H & Form 15G? Let’s check these today. You can also download Fillable Form 15GRead More

7 Best Investment Options for NRIs in 2020

by Madhupam Krishna

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While there are many NRI Investment Options in India, one should check his requirement & risk appetite. Your home country may restrict, but in India barring few exceptions, NRIs are allowed to invest in many options. Here is the comprehensive List updated till April 2020. India has rapidly grown and provides the potential of sharingRead More

Changes in NRI Bank Accounts & Investments

by Madhupam Krishna

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It is a big confusion, on the changes in NRI bank accounts in Investments especially in Mutual Funds. Let us try to solve this by reasoning for the cases. It is sure that when a person is working outside India, he will undergo changes in status. These changes must be reflected in investments so thatRead More

Is Bank FD Safe? Current RBI Provisions

by Madhupam Krishna

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Recently a Cooperative Bank (PMC Bank) in India got bankrupted/failed. It is really unfortunate to see depositors waiting for their money. The event has again showcased, that there is Risk in Everything. The concept of RISK-FREE is a myth. Banks can fail & even countries can. But are Bank FD safe in India? If yes,Read More

What is One Time Mandate / OTM / NACH Mandate

by Madhupam Krishna

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One Time Mandate (OTM) or NACH facility is a one-time mandate registration process that will enable you to transact seamlessly in a simple, convenient and paperless manner in the future. Many times you read that SIP needs “OTM” or “Auto Debit” registration, so that you don’t have to issue multiple cheques. It is also calledRead More