Recapitalization of Banks and its Implications Recently Government has announced the Recapitalization of Banks package of 2.11 lakh crores for public sector banks. The government of India (GOI) will infuse this fund into the Public Sector Banks (PSB) over the period of 2 years. We will understand what the recapitalization of the banks is and […]
Tag Archives: Investment
Mutual funds have multiple tax advantages over bank fixed deposits A lot readers don’t really understand how mutual funds attract tax advantages with less taxation, so here’s a detailed explanation of the entire mechanism. In three years, falling interest rates have knocked off around 40% from the annual income that a FD would yield. That’s […]
Do Mutual Funds investors need to alter their portfolio before GST ? India’s tryst with the Goods and Services Tax (GST) on July 1 is making some mutual fund investors nervous. They have been asking their advisors whether they should recast their mutual fund portfolio. According to mutual fund advisors, investors should not tinker with […]
Financial tasks that you need to do right away Here are some Financial tasks that you need to deal with immediately. LINK YOUR AADHAAR CARD
How to Open NPS Account Offline I have realized that though a lot of people have heard about the NPS but only very few people are aware about how it functions, including how to open a NPS account. I therefore have decided to write about how to open your NPS account in physical form. This […]