The deposit placed by investors with companies for a fixed term carrying a prescribed rate of interest is called Company Fixed Deposit. Financial institutions and Non-Banking Finance Companies (NBFCs) also accept such deposits.
Features of Recurring Deposit RD allows you to earn fixed interests on the amount invested at frequent intervals until the investment matures or a pre-determined term ends. The total amount (i.e., the capital invested and the interest accumulated) is disbursed to the investor after the maturity period completes.
The investment amount has been locked in at a specific interest rate, it remains unaffected by further changes in interest rates or market fluctuations. Thus, you can get guaranteed returns on your deposit, and you can choose to get your interest on a periodic basis, or at maturity. Usually, the defining criteria for FD is that the money cannot be withdrawn before maturity, but you may withdraw them after paying a penalty. There are two types of fixed deposits, which are differentiated on the basis of frequency of payouts. The two types are namely, cumulative and non-cumulative deposits.
Housing Loan is a stepping stone in realizing your dream home. LIC HFL offers wide variety of home loans which will fulfill your needs at one of the lowest interest rates available. Our home loans cater to all types of customer base viz., salaried, self-employed, professional, NRIs, etc. Our products are customizable according to your home loan eligibility.
To get below Door step services
We will refer the form 16 and other source income to do the income tax filing for Individual, whereas for business people we consult chartered account for the appropriate cases and support them for filing
As an authorised Stock broking agent, We will create a free DEMAT and Trading Account. Based on the current market scenario will guide you to buy /sell the shares.
RBI has announced the launch of Floating Rate savings bonds ,2020(taxable) with an interest rate of 7.15%.The interest rate on these bonds will be reset every six months
54EC Bonds are specifically meant for investors earning long-term capital gains and would like tax exemption on these gains. Tax deduction is available under section 54EC of the Income Tax Act. ... The maximum limit for investing in 54EC bonds is Rs. 50,00,000. The eligible bonds under Section 54EC – that specifically meant for investors earning long-term capital gains and would like tax exemption on these gains – are the bonds offered by REC (Rural Electrification Corporation Ltd), NHAI (National Highways Authority of India), PFC (Power Finance Corporation Ltd) and IRFC (Indian Railways Finance Corporation Limited)
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