As per the latest news, LIC is proposing to launch its new Online Term Life Insurance plan called as ‘LIC Tech Term Plan’ (Plan no 854). LIC already has been offering different types of Term insurance plans in its term plan product catalogue; LIC e-Term. Amulya Jeevan – II. LIC Anmol Jeevan – II. Bhagya Lakshmi. LIC New […]
Reviews
Important & Comprehensive list of Budget 2019-20 Proposals related to Personal Finance | W.e.f AY 2020-21
We are all aware that Interim-budget was presented in Feb 2019 by the then Finance Minister Shri. Piyush Goyal. With a new government now in place, a full general budget has now been tabled in the Parliament by the current FM Smt. Nirmala Sitharaman. In both the Budgets, certain important proposals have been made which can have […]
Full Budget 2019-20 Key highlights | Important Tax Proposals
The Indian Finance Minister has tabled today, the Union (Full) Budget 2019-20 in the Parliament. Below are some of the key highlights that are related to Personal Finances; Full Budget 2019-20 Highlights Latest Income Tax Slab Rates FY 2019-20 Below are the latest Income Tax Slab Rates for FY 2019-20 or AY 2020-21. (FY is Financial Year and AY […]
Latest Sovereign Gold Bonds FY 2019-20 Issues: Details, Features & Review
Sovereign Gold Bond Scheme was launched by the Central Govt in November 2015, under Gold Monetisation Program. Sovereign Gold Bonds Scheme is an indirect way of investing in Gold. Instead of buying physical gold, investors can buy gold in paper form through Sovereign Gold Bonds. These bonds track the price of gold, plus an extra interest amount is paid […]
Top 5 Best Aggressive Hybrid Equity Funds (Balanced Equity Mutual Funds)
Mutual funds are primarily classified as either Equity or Debt, based on where the funds are invested. Equity funds primarily invest in stocks/shares and Debt funds primarily invest in Bonds, Government securities and Fixed interest bearing instruments. Whereas, Hybrid Funds invest in both equity and debt instruments. The Mutual Funds were further re-categorized by SEBI in 2018. They are […]
What is Repo Linked Lending Rate (RLLR)? Will it be beneficial to the Borrowers? | Definition, components & review
The primary functions of a commercial bank are accepting Deposits and also lending funds. Deposits are savings, current, or time deposits. Banks take in funds, called Deposits, from those with money, pool them, and Lend them to those who need funds. Banks are intermediaries between depositors (who lend money to the bank) and borrowers (to whom the bank lends money). The amount banks pay for deposits […]