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NPS Tier II Tax Saving Benefit: FAQ and clarifications
Here is an FAQ on the NPS Tier II account and clarifications on the proposed tax saving benefits. What is a Tier 2 NPS Account? This is a mutual fund you can invest with no lock-in period and no obligation to buy a pension (annuity) like with Tier 1. Please note that Tier 1 is…
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Sovereign Gold Bond Scheme 2019-20 (Series VII): Should you buy?
Sovereign Gold Bond Scheme 2019-20 (Series V) will be available for sale in the primary market between Dec 2-6, 2019. However, should you buy these? When and for what purpose. A sovereign gold bond is a way to track the price of gold without actually investing in gold. It was introduced to reduce the import…
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NPS Withdrawal Rules 2019 Explained
On 21st Dec. 2018 , the Pension Fund Regulatory and Development Authority (PFRDA) has changed the norms for withdrawal of National Pension System (NPS) subscribers. Here are the details. NPS Withdrawal Rules 2019 (partial) Earlier partial withdrawals from NPS Tier 1 was possible only after the account was ten years old. In a welcome move,…
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Small Saving Scheme Interest Rates List (Oct-Dec 2019)
Here are the small saving scheme interest rates for the quarter Oct to Dec 2019 issued by the finance ministry. Data source: National Small Savings Institute The current PPF interest rate is 7.9% The current Sukanya Samriddhi Account interest rate is 8.4% Instrument Rate of Interest w.r.t 01.07.2019 to 30.09.2019 Rate of Interest w.r.t 01.010.2019…