A.I.R. – Annual Information Returns needs to be furnished by Banks,person authorized by RBI,shares / debenture issuing companies,Registrar or sub-registrar office,Mutual funds – in respect of specified high value transactions registered by them in financial year. Specified high value transactions are as follows: Cash deposits aggregating Rs. 10 Lakh or more : Bank need to…
Objectives to invest in mutual funds:
After writing more than 165 posts on Mutual funds, here we are returning to basics: What are mutual funds & objectives to invest in funds. Any one who knows mutual funds can have its own definition.Mutual fund can be defined as a pool of money created by individuals having Common Objective & same is managed…
Interest Rates of PPF,NSC,Sukanya Samriddhi Account (SSA),SCSS,Postal Term /Recurring Deposits For Quarter April-June 2016
As we in low inflation – lower interest rate scenario,Govt have cut interest rates on small saving schemes. As it was essential to align interest rates closer to market rates, there will be revision in interest rates of PPF,KVP,NSC,Term deposits,Sukanya Samriddhi Account- SSA. Here is comparison of older and new interest rates. Instrument…