Author: admin

Mar 19

Tax Saving Bonds – IDFC Infra Bonds – Tranche 3

Infrastructure Development Finance Company Limited- Infra Bond Tranche 3 ISSUE OPEN FROM MAR 19, 2012 TO MAR 30, 2012 Issuer – Infrastructure Development Finance Company Limited Rating – “(ICRA)AAA” from ICRA and “Fitch AAA( ind )” from Fitch Issuance – Dematerialized form or Physical form as specified by the applicant in Application form herein. Trading  […]
Mar 13

PF accounts to get lower returns this year

Around 61 million subscribers of the Employees Provident Fund Organisation (EPFO) are likely to get lower returns on their deposits this year. The Union ministry of finance has, for the second time, recommended an interest rate of 8.25 per cent for 2011-12; it was 9.5 per cent for 2010-11. http://www.business-standard.com/india/news/pf-accounts-to-get-lower-returns-this-year/467575/ .
Mar 9

Switch banks, but not just for a higher savings rate

Senior citizens, it seems, are clearly enjoying the fruits of the freeing of interest rates on savings accounts. After the Reserve Bank of India deregulated savings bank interest rate in October, banks like Kotak Mahindra, YES and IndusInd started offering higher returns (around 5-7%) on savings bank accounts. Until then, banks were mandated to offer […]