Non Convertible Debentures (NCDs) offer fixed income to investors for a specified tenure. Companies issue NCDs as a means to raise capital for diverse needs such as expanding their operations or initiating new projects. Essentially, an NCD is a commitment made by the issuing company to repay the principal amount with a promised interest rate,…
Senior Citizens Savings Scheme is designed to provide regular income for adults, has undergone recent government revisions aimed at offering enhanced benefits to retired individuals and their spouses. We will delve into these modifications in this blogpost. Deadline change Retired employees aged between 55-60 years can now invest their retirement benefits in this scheme within…
Non-Par insurance plans: In this blogpost, we will answer some key questions on Non-Par insurance plans. What are non-participating insurance plans, and how do they differ from participating plans? Non-participating (non-par) insurance plans don’t involve the insurer’s profits or losses. Unlike participating (par) plans, non-par plans offer guaranteed benefits without bonuses or dividends based on…
Personal Loan Interest Rates in Nov 2023… Personal loans are a versatile financial tool that can help you navigate various life situations, from consolidating debt to funding a major purchase or covering unforeseen expenses. One essential aspect to consider when taking out a personal loan is the interest rate, as it significantly impacts the overall…
Taxation of Minors Income – Some key questions are answered in this blogpost. Any person under the age of 18 is considered a minor. When do minors have to pay tax on their income? Minors can earn income from various sources such as bank accounts, investments, or earnings from activities like acting or manual work….
Electric Vehicle Insurance: As the popularity of Electric Vehicles (EVs) continues to surge, understanding the nuances of insurance becomes crucial for ensuring comprehensive protection. Here’s an insightful Q&A guide to unravel the intricacies and necessary coverage for EV insurance. What are the similarities and differences between Electric Vehicle Insurance and traditional vehicles? Both EVs and…