Bajaj Finserv Asset Management Limited will create a tech-driven, multi-channel approach to serve investors across various touchpoints and geographies in order to build a future-ready asset management company.
Most banks have revised their FD interest rates since the Reserve Bank of India (RBI) raised its repo rate to 6.5 per cent earlier this month. Whenever RBI increases the repo rate, interest rates on fixed deposits also go up, thereby making it an attractive savings option.
Under the new scheme, investors may opt for a tax-efficient way to receive regular cash flows by registering for a Systematic Withdrawal Plan (SWP) (A) facility, which attracts capital gains as applicable for equity-oriented mutual funds.
SBI FD rates: The largest public sector lender has increased its interest rates for fixed deposits or term deposits by 5 bps to 25 bps on amounts below Rs 2 crore, which are effective from February 15, 2023.
In Budget 2023, Finance Minister Nirmala Sitharaman too revised some of the small savings schemes. She proposed to double the deposit limits for Senior Citizen Savings Scheme (SCSS) and Monthly Income Account Scheme (MIS) and also introduced a new small savings scheme for women — Mahila Samman Savings Certificate.
To reduce taxes, it is highly important to understand the salary structure. Once you understand your salary structure then through deductions and exemptions you can reduce your income tax and maximize savings
The ELSS scheme is an equity-oriented scheme with a mandatory lock-in period of three years. These schemes are very popular when someone is considering income tax aspects as it involves section 80C tax deduction.
FD rates: Talking about investment trends in 2023, many experts have said that fixed deposits may see more investors this year as RBI expected to revise its repo rate again in the February 2023 meeting.
Sovereign Green Bonds: Green Bonds are issued for mobilising resources for green infrastructure, which primarily refers to deploying the mobilised funds in public sector projects which help in reducing the carbon intensity of the economy.