Is your investment in small savings schemes safe? Let's find out

RBI repo rate cut: The repo rate cut is a great incentive for borrowers as all new floating rate loans are supposed to be linked to any of the four external benchmarks prescribed by the RBI from October 1.

The scheme rates comprising Public Provident Fund (PPF), Sukanya Samriddhi Account (SSY), National Savings Certificate (NSC) and Senior Citizen Savings Scheme (SCSS) are revised on a quarterly basis.

There are a few small finance banks that are offering interest rates higher than those in bigger banks in order to attract customers.

The transmission of a cut in policy rate by banks to final borrowers, especially retail borrowers, has been a pressing issue between the banking regulator Reserve Bank of India (RBI) and banks for decades

The focus of the income tax department is on tightening the compliance, automation of processes and elevated use of technology, to eliminate opportunities to evade taxes and give efficiency to the government in terms of collection of taxes. And the honest taxpayers may benefit from the lowering of taxes.

As per the existing norms for Tax Deducted at Source, or TDS, banks and post office are allowed a 10 per cent deduction if the interest earned from a savings account exceeds Rs 10,000 in a single financial year.

Union Budget 2019: Goyal says that the people of country, who gave a strong mandate to the BJP in 2014, has taken several structural reforms, and reversed the image of policy paralysis to restore the nation's image.

All resident Indians can open a PPF account, even a second one in the name of minors, but the collective investment limit is capped at Rs 1.5 lakh.

In the last two RBI rate hikes, the quantum of transmission of the deposit rates has been higher than the lending rates.

P2P lending promises high yields in a low-interest-rate environment. But credit risk is a problem.

Equity investments should be the staple of the Ghosh family's portfolio instead of relatively illiquid real estate assets, says Financial Planner Pankaaj Maalde

This is another step towards making good Finance Minister Arun Jaitley's promise of a comprehensive central legislation to deal with the menace of illicit deposit-taking schemes made in his Budget Speech two years ago.

The central government on Monday extended the deadline for linking of biometric identification Aadhaar to small savings schemes like post office deposits and Kisan Vikas Patra by three months to March 31

The new savings bonds scheme will be open from January 10, 2018. The scheme will enable resident citizens and HUF to invest in a taxable bond, without any monetary ceiling, the Finance Ministry said.

On Monday, the Finance Ministry put out a statement, saying that '8 per cent GOI Savings (Taxable) Bonds, 2003 shall cease for subscription with effect from the close of banking business on Tuesday, the 2nd January, 2018.'

It's easy to invest in any private or government scheme but recovering your money or claim in need is a herculean task. This near to impossible task of recovery will become easy for you or your legal heirs if you follow the mantra of 'secure investment'.

If you or your family have funds lying with financial institutions for a long time, it is time to track and claim your dues.

Under the new rules issued by the government, these investments will be deemed to be closed on the day the investor becomes a non-resident.