What are Debt Funds? Debt funds are a type of mutual fund that invest in fixed income securities, such as bonds, corporate debt, and government securities. The primary goal of debt funds is to generate income for investors through regular interest payments and capital appreciation. Types of Debt Funds There are various types of debt […]
Mutual Fund story Once upon a time, there was a little girl named Kareena who wanted to save up money to buy a new bike. She had heard that there was a special way to save money faster, called a mutual fund. Kareena’s mom explained that a mutual fund is a kind of investment where
What are Exchange Traded Funds (ETFs)? Exchange Traded Funds (ETFs) are investment vehicles that track the performance of a particular index, sector, or asset class. ETFs are traded on exchanges, just like stocks, and can be bought and sold throughout the trading day. ETFs offer investors the opportunity to diversify their portfolio, as they can
Exchange Traded Funds (ETF) Read More »
Who Can Open (i) a single adult(ii) Joint Account (up to 3 adults) (Joint A or Joint B))(iii) a guardian on behalf of minor/ person of unsound mind(iv) a minor above 10 years in his own name. Rules about deposit amount (i) Account can be opened with minimum of Rs. 1000 and in multiple of
National Savings Monthly Income Account Read More »
Effective 01-Jan-2023 Sl.No. Instruments Rate of interest w.e.f 01.10.2022 to 31.12.2022 Compounding Frequency* 01. Post Office Savings Account 4.0 Annually 02. 1 Year Time Deposit 6.6 Quarterly 03. 2 Year Time Deposit 6.8 Quarterly 04. 3 Year Time Deposit 6.9 Quarterly 05. 5 Year Time Deposit 7 Quarterly 06. 5 Year Recurring Deposit Scheme 5.8
Latest Interest rates on Post Office Investment Schemes Read More »
What is Sukanya Samriddhi Scheme? The Sukanya Samriddhi Scheme is a savings and investment option offered by the government of India through the India Post Office. It is a long-term investment option that allows individuals to earn a fixed rate of interest on their savings, and is specifically targeted towards the financial security and education
Sukanya Samriddhi Scheme Read More »
What is Post Office Savings Account? The Post Office Savings Account is a savings and investment option offered by the government of India through the India Post Office. It is a safe and secure investment option that allows individuals to earn a fixed rate of interest on their savings. The Post Office Savings Account is
Post Office Savings Account Read More »
What is Post Office Recurring Deposit (RD) Account? The Post Office Recurring Deposit (RD) Account is a savings and investment option offered by the government of India through the India Post Office. It is a long-term investment option that allows individuals to earn a fixed rate of interest on their savings. The RD account is
Post Office Recurring Deposit Account Read More »
What is Kisan Vikas Patra (KVP)? Kisan Vikas Patra (KVP) is a savings instrument offered by the government of India through the India Post Office. It is a long-term investment option that allows individuals to earn a fixed rate of interest on their savings. The KVP is a bearer instrument, which means that it is
What is National Savings Certificate (NSC)? The National Savings Certificate (NSC) is a government-backed investment option offered by the Ministry of Finance in India. It is a fixed-income instrument that allows individuals to earn a fixed rate of interest on their savings. The NSC is a tax-saving investment option, as the contributions made to the
National Savings Certificate Read More »
