You must learn to live with it. And I concede FD rates have gone down sharply. I copy the current FD rates from the SBI website. A common refrain is, “Fixed Deposits are giving nothing. I want to invest in debt mutual funds to get a better return”. Why? Because when we compare past 1-year returns of a debt mutual fund with the current 1-year Fixed deposit rates, … [Read more...] about Bank FD rates have gone down sharply. What should you do?
RBI has announced the launch of the Government of India Floating Rate Savings Bonds. The bonds shall be available for subscription from July 1, 2020. In this post, let us discuss the new floating rate bonds in detail and answer the following questions. What are the important features?How is it different from the RBI 7.75% Savings Bonds?How does it compare against similar low … [Read more...] about Govt. of India Floating Rate Savings Bonds (2020): All you need to know
Pradhan Mantri Vaya Vandana Yojana (PMVVY) was launched in May 2017 to provide a long-term income option for senior citizens in the country. This assumes importance in the wake of the low-interest rate scenario we find ourselves in. Fixed deposits are getting renewed at lower rates. This poses problems to those senior citizens who rely on interest income to meet regular … [Read more...] about All you need to know about Pradhan Mantri Vaya Vandana Yojana (PMVVY)
If you are looking for a one-word answer, my answer is “Yes”. You must continue investing in Public Provident Fund (PPF). In the remainder of the posts, we look at why. PPF interest has been cut to 7.1% p.a. for the April-June 2020 quarter. This is the lowest PPF interest rate has ever been. The impact of the rate cut in PPF and SSY (Sukanya Samriddhi Yojana) accounts … [Read more...] about At 7.1% p.a., Should you invest in PPF?
During our entire work life, we get used to getting salary cheques at the end of the month and using the funds to meet our expenses. Once we retire, the game stops. There are no salary cheques at the end of every month. Though the salary has stopped, the expenses haven’t. And it is not easy to change or shun money or expense management skills that have been developed over a … [Read more...] about Senior Citizens Savings Scheme