UltraSafe Savings Schemes of the Central Government
Ultra-Safe Savings Schemes of the Central GovernmentIn times like Covid-19 crisis, when financial markets and their future looks uncertain, we look for safe ways to keep our money. In such pursuit, we tend to trade the growth of money for the safety of our hard-earned...
All about Arogya Sanjeevani health insurance plan
A health insurance policy helps an entire family to meet unexpected medical & health uncertainty costs. But health insurance penetration & acceptance in India is very low, to bridge this gap, country’s Insurance regulator, IRDAI has introduced standard health...
Endowment & Moneyback policy
Endowment & Moneyback policy are hybrid insurance product which also provides saving opportunity along with risk-cover to the insured or policy holder. It is also known as NON-ULIP plan or traditional life insurance plans.An endowment policy is a...
Should you purchase Term Insurance plan?
Mr. Rahul, had invested in endowment plans, which he believed was sufficient enough to provide optimal insurance cover and a yield an investment return. He was paying a premium of ₹52,392 every year for an endowment policy having a sum assured of ₹15 lakh. The policy...
Taxation of ESOPs – Recent Changes
Allotment of ownership stake or shares to the important employees of an organisation has become a significant part of corporate human resources culture in India. This is institutionalised through Employee Stock Options Plan (ESOPs) wherein the company offers shares at...
301 is the Cost of Inflation for FY 2020-21
Government notifies Cost Inflation Index (CII) for F Y 2020-21 at ‘301’As per the Income tax Act, the Central Government is empowered to notify the cost inflation index for every year. Accordingly, it has notified the CII for current financial year 2020-21 at 301. It...
Standard & Poor’s BBB rating- with stable outlook for Indian Economy
When Moodys lowered India’s ratings, I was thinking about few facts. India has never defaulted. Even in 1991, Indian economy was on the brinks of default risk, but it didn’t. India external debt is very comfortable vis a vis other developing nations. Major reason for...
Pradhan Mantri Vaya Vandana Yojana PMVVY – Modified- 2020
Modification of Pradhan Mantri Vaya Vandana Yojana (PMVVY) by LIC of IndiaThe Life Insurance Corporation (LIC) of India has introduced Pradhan Mantri Vaya Vandana Yojana (PMVVY) (Modified- 2020) which is applicable to resident Indian senior citizens (age...
Tax-Free Bonds in India
Tax-Free Bonds in India are issued by Government to collect money for long term projects like Construction projects, Railway projects or any other project which government may think of. Government takes the money & gives interest to investors annually. Government...
Impact on Rupee against Dollar due to Lockdown 2020
Have you ever wondered why the value of US Dollar keeps changing every day against Indian Rupee? Who determines USD-INR rates?No single institution or government determines the exchange rate of rupee not even the central bank. India has a floating exchange rate system...
FAQs on Sovereign Gold Bonds
The Sovereign Gold Bonds are open for subscriptions... Finbingo.com addresses your queries regarding this. What is Sovereign Gold Bond?Sovereign Gold Bonds are the Government Securities issued by Reserve Bank of India and are denominated in grams of gold (1 unit = 1...
Partial Withdrawal from NPS for COVID-19
PFRDA - The Pension Fund Regulatory and Development Authority has allowed investors to partially withdraw money from their Tier-I NPS -National Pension System accounts to meet expenses related to treatment of coronavirus infection. Here are the FAQs for the same. Q....
Taxation Of Dividends After Budget 2020-21
In her Budget for...
What is 360-degree investment planning and its benefits
Financial...
No TDS on interest income up to Rs. 50,000 for senior citizens
Section:...
Investing solely to avoid taxes is a bad, wasteful strategy…!!!
That's a question which...
What can be the best investment plan to secure children education
There is a growing urge...
How does Finbingo see insurance
How does Finbingo see...
Is Systematic Investment Plan (SIP) risk free?
What is SIP? A...
Investment in bank Fixed Deposit makes you poorer, not richer!
Bank Fixed Deposits...
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