Investment Options
SBI Bonds - SBI recently came with issue of bonds with coupon (interest rate) of 9.25%/9.50% p.a. The rate of interest on this bond is very attractive and much higher than the rate offered by banks on fixed deposit.
The bonds are traded on NSE and one can buy for a decent return of over 9% at current market price. These bonds offer a very good liquidity since these are traded like stocks.
The ISIN codes are INE062A08017 and INE062A08025.
One can even avoid TDS by selling the bonds just before the due date of interest without losing any interest since the market rate factors the accrued interest on daily basis.
The bonds are traded on NSE and one can buy for a decent return of over 9% at current market price. These bonds offer a very good liquidity since these are traded like stocks.
The ISIN codes are INE062A08017 and INE062A08025.
One can even avoid TDS by selling the bonds just before the due date of interest without losing any interest since the market rate factors the accrued interest on daily basis.
Bank Deposits
Bank deposits are alll time favourite investment options for most of the people. Fixed deposits are very popular because of the safety and liquidity feature. Now you have options for online transactions, so you can make deposits online for the tenor you can decide and also break these deposits as and when you want.
The interest rates are again showing increasing trend and some banks are offering 8.10% interest for tenor of 1-2 years.
One can submit Form 15G/15H, if the taxable income is going to be less than the taxable income. Do not forget to obtain acknowledgement for submission of form to the bank. One can even check the status of TDS online on NSDL website after registering for it. The details of income tax credit (Form 26AS) from FY 2005-06 onwards are available at the following link.
https://onlineservices.tin.nsdl.com/TIN/PanRegistration.do
Register and keep track of TDS, particularly on FDs.
The interest rates are again showing increasing trend and some banks are offering 8.10% interest for tenor of 1-2 years.
One can submit Form 15G/15H, if the taxable income is going to be less than the taxable income. Do not forget to obtain acknowledgement for submission of form to the bank. One can even check the status of TDS online on NSDL website after registering for it. The details of income tax credit (Form 26AS) from FY 2005-06 onwards are available at the following link.
https://onlineservices.tin.nsdl.com/TIN/PanRegistration.do
Register and keep track of TDS, particularly on FDs.
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Calculators
• EMI
• Fixed Deposit
• Recurring Deposit
• Cash Flow
• Money Multiplier
• Net Worth
• Quick Calculators
• Compund Interest Calculator
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