Out of these, 3 can be equity, two debt and two hybrid SIFs. They will have to invest at least Rs 10 lakh in these.

By reducing the investment limit to Rs 10 lakh in these small PMS, now retail investors will also be able to invest in them. This is a good step taken by SEBI. Due to this, we may see movement in AMC shares in the future. Fund managers will be able to take both long and short positions in F&O and can keep 25 percent of the position unhedged.

The fund manager will be able to take both long and short positions in F&O. 25% unhedged short position is possible in derivative portfolio. In this, daily redemption is possible in equity and weekly in debt. In hybrid, redemption is possible in two weeks. All closed SIF schemes will be listed. Listing will give investors EXIT option.

Let us tell you that in December, SEBI notified a new asset class between Portfolio Management (PMS) and Mutual Funds and called it ‘Specialized Investment Fund’ (SIF). According to SEBI, a framework has been issued for this new category of investment product, Specialized Investment Funds (SIF), with the aim of bridging the gap between Mutual Funds (MF) and Portfolio Management Services (PMS). This new framework is set to come into effect from April 1, 2025.

SEBI has directed industry body Association of Mutual Funds in India (AMFI) to issue guidelines in this regard by March 31, 2025, while stock exchanges, clearing corporations and depositories have been asked to take necessary steps and set up systems for the implementation of this circular.

SEBI has directed the industry body Association of Mutual Funds in India (AMFI) to issue guidelines in this regard by March 31, 2025.

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Making your future financially secure is not possible overnight. For this, there is a need to plan wisely, spend responsibly and choose the right means of investment. If you are also looking for a safe and reliable way to increase your savings, then Fixed Deposits (FDs) are the best option for this, which has been a very reliable investment option in India for a long time.

Bajaj Finance is one of the leading financial institutions in the country, which provides a variety of financial products along with fixed deposits. The company caters to all types of investors by providing a variety of FD options with better interest rates and flexible tenures. Its benefits include:

Attractive interest rates: Bajaj Finance offers better interest rates on its FDs, thus allowing your savings to grow steadily. These rates may vary depending on the tenure you choose and your customer profile (senior citizens generally enjoy higher interest rates).

Flexible time frame options: Choose your investment time frame keeping your financial goals in mind. Bajaj Finance offers tenure options ranging from 12 months to 60 months, giving you the freedom to invest as per your needs.

Flexible investment options: Now invest easily in Bajaj Finance FDs online through the Bajaj Finserv website or app. In this way, there is no need for the customer to go to the branch and time and effort is also saved.

Cumulative and non-cumulative options: Bajaj Finance FD offers both cumulative and non-cumulative options. In cumulative FD, you get the opportunity to earn interest on the interest received during the investment tenure, which increases the maturity amount. In non-cumulative FD, interest is paid from time to time, which gives you regular income.

Bajaj Finance Digital FD: Higher returns, online facility

Bajaj Finance has launched a new type of FD called “Digital Fixed Deposit” with a tenure of 42 months. This option is really great, offering one of the highest interest rates on the market:

Up to 8.85% per annum for senior citizens: If you are above 60 years of age, you can potentially get much higher returns on your savings than a normal savings account.

Up to 8.60% per annum for under 60s: Even if you are under 60, Bajaj Finance Digital Fixed Deposit offers you better interest rates so you can grow your savings faster. This digital FD can be booked online only through Bajaj Finserv website and app. It provides a fast and convenient way to invest in FD anytime, anywhere.

Bajaj Finance FD Calculator

Bajaj Finance FD Calculator is a free online tool that helps you estimate the returns you will get on your FD investment. The methods of its use are explained below:

In this, simply select the customer (senior citizen or customer below 60 years of age), then choose the investment amount, tenure as per your choice and the option to get the interest amount paid (monthly, quarterly, half yearly, annually or maturity). Fill in). The calculator instantly calculates the estimated amount to be received on maturity.

After estimating the potential returns, you can take a well-informed decision as to how much amount to invest and for how long.

Conclusion:

Making your future financially secure begins with proper planning and thoughtful choices. Bajaj Finance FD offers you a reliable and convenient way to grow your savings and achieve your financial goals with better interest rates and convenient options. While choosing any investment option, it is very important to carefully consider your financial goals. You can estimate the returns you will get with the help of Bajaj Finance FD calculator. This will help you take a wise decision as per your financial situation and your risk appetite.

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State Bank of India (SBI) has again extended the deadline for investing in the special FD scheme SBI WeCare Fixed Deposit. Due to this, senior citizens have got an opportunity to get huge returns by investing money in investment schemes. SBI is offering the highest interest rate on the V Care FD scheme with a tenure of 5 years to 10 years.

State Bank of India operates a special investment scheme We Care ( SBI WeCare Special FD) for senior citizens . The bank had launched VCare FD with the objective of securing the money of senior citizens during Kovid and giving higher returns with highest interest rate in return. The bank has said that senior citizens will be able to invest in this special FD scheme till 30 September 2023. While the current deadline was ending on 30 June.

When is the last date to invest in SBI WeCare?

State Bank of India (SBI) has extended the date of investment in special FD scheme VCare till 30 September 2023. This scheme will also be available for new deposits and renewal of matured deposits.

SBI WeCare Tenure and Investment Eligibility

SBI WeCare is the investment scheme offering the highest interest rates. In this, only senior citizens are eligible to get the benefit of the deposit scheme. The minimum investment tenure in this FD scheme is 5 years and the maximum tenure is 10 years.

Interest rate on SBI WeCare

SBI Bank gives an additional interest rate of 50 bps ie 0.50 per cent on the card rate for the public. The bank offers 7.50% interest rate on SBI Wecare FD scheme.

Interest rates on other SBI FDs for senior citizens

SBI offers 0.50% higher interest rate to senior citizens, interest rates on Regular Fixed Deposits range between 3.50% and 7.50% for tenures ranging from 7 days to 10 years.

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Under this, the EPFO has proposed to increase the minimum holding period of ETF units beyond four years before they can be withdrawn. Currently the units of these ETFs are redeemed in four years. Under its investment guidelines, the EPFO can invest between five and 15 per cent of its income in equity and related investments.

It started investing in equities in August 2015 after deciding to invest five per cent of its fresh income in equities through ETFs based on Nifty-50 and BSE Sensex. The limit has since been extended. Sources say that EPFO wants to take the actual investment in equity to a limit of 15 per cent.

The CBT, the apex decision-making body of EPFO, had earlier approved the ETF withdrawal method in February 2018. Under this, withdrawal of ETF units was permitted only on days when the current market net asset value (NAV) is not less than five times the average NAV of the last seven days. In addition, the principle of First In First Out (FIFO) was adopted while withdrawing every 15 to 20 days.

EPFO announced an interest rate of 8.15 per cent for subscribers for the financial year 2022-23, which was marginally higher than the 8.1 per cent return given for the previous financial year. For interest payment, it redeemed investment ETF units in calendar year 2018 and is estimated to have raised Rs 10,960 crore.

Higher returns than government bonds

EPFO may also link the withdrawal limit of ETF units to government securities. Under the scheme, the holding-period return of the units proposed to be redeemed should be at least 250 basis points higher than the 10-year benchmark government security. Another suggestion is to benchmark ETF returns to historical long-term averages.

Under this, the holding period return of the unit to be withdrawn should be above the average five-year return of the last 10 years based on Nifty or Sensex. Apart from this, to protect the returns at the time of withdrawal from market fluctuations in the short term, EPFO has also proposed to make the withdrawal period on a daily basis.

Exercise of increasing capital gains

Experts say the amendments will help in easing the internal rate of return and maximize capital gains on redemption of ETF units. Since ETFs do not provide regular income and do not have a maturity period. Hence EPFO redeems ETF units from time to time. The capital gain from this exercise is then treated as income and distributed as income to the EPF subscribers.

The pace of investment in shares is slow

Due to periodic withdrawals of ETF units and reinvestment of only 15% of the withdrawal proceeds in ETFs, the share of equity investments in the total EPF corpus is growing at a slow pace. Investments in equity stood at 10.03 per cent of the income as on January 31, 2023 and it is estimated that it may take five to six years for the equity portion of the fund to reach the 15 per cent mark. As on January 31, 2023, EPFO had investments at face value of about Rs 12.53 lakh, of which cumulatively Rs 1.25 lakh was in equity and related investments.

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After the repo rate hike by RBI from May 2022, banks are increasing lending as well as interest on fixed deposits. Hence, FD investors are happy to see higher returns on their deposits. With the increase in the repo rate, the interest rates are going up. Repo rate is the rate at which banks borrow money from the Reserve Bank of India (RBI).

RBI increased the interest rate

In view of rising inflation, the Reserve Bank has increased the repo rate by 25 basis points i.e. 0.25 percent on 8 February. After the new revision, the repo rate has increased to 6.5%. This was the sixth time that the Reserve Bank of India (RBI) has increased the repo rate. RBI has increased the repo rate by 2.50% since May last year.

Senior citizens are getting more interest on these banks

Bandhan Bank FD Rates for Senior Citizens

600 Days (1 Year, 7 Months, 22 Days) – 8.50%

Yes Bank FD Rates for Senior Citizens

Time – 35 Months, Interest Rate – 8.25%

Axis Bank FD Rates for Senior Citizens

2 Years < 30 Months – 8.01% IDFC First Bank FD Rate for Senior Citizens

More than 2 years 1 month to less than 2 years 6 months – 8.25%

Sunrise FD Rates for Senior Citizens

More than 1 year 6 months to 2 years – 8.51%

RBL Bank FD Rates for Senior Citizens

453 to 459 days (15 months) – 8.30%

DCB Bank FD Rates for Senior Citizens

18 months to less than 700 days – 8.00%

Equitas Small Finance Bank FD Rates for Senior Citizens

For 888 days – 8.5%

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Today we will tell you about 5 such post office schemes which will help you in saving tax along with increasing money.

PPF: After the recent increase in the interest rate on Public Provident Fund, it is getting a return of 7.1 per cent. Its maturity is 15 years. This scheme comes under the category of EEE (Exempt, Exempt, Exempt). That is, there will be no tax on the amount received after its investment, interest and maturity. You can invest up to Rs 1.5 lakh in it.

SSY: This is also an EEE category scheme in which you get 7.6 percent interest. In this, you can invest a maximum of Rs 1.5 lakh annually.

Post Office Deposit: Like any bank FD, with its help you can also take advantage of tax deduction. There is no upper limit of investment in this, but you will get tax exemption only on investment up to Rs 1.5 lakh. It gets 7 percent interest.

NSC: You get 7% interest in National Savings Certificate. You can invest as much as you want. You will get tax exemption on investment up to Rs 1.50 lakh. In this you have to invest at least 100 rupees.

SCSS: You get 8% interest in Senior Citizen Savings Scheme. However, only people of 60 years or more can invest in it. There is no tax on annual investment up to Rs 1.5 lakh.

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Two years ago, no one would have imagined that there would be such a bumper return on Fixed Deposit (FD). See the benefit of increasing the repo rate, see how much bumper benefit is being received on FD today. It seems that there is a competition among the banks to pay more and more interest.

The Reserve Bank is going to increase the repo rate again very soon, after which the FD rates will increase even more. Meanwhile, many banks have started special FD scheme for senior citizens, on which interest is being paid more than the general public. However, such FD schemes are being run for a short period of time or say for a fixed period only. The senior citizen customer has to deposit money in this fixed period, after which he will get the benefit of higher returns.

If you want to take advantage of higher interest, then senior citizens will have to invest in this fixed period. If you want to take advantage of higher returns, then you will have to invest in the special FD scheme by 30 September because after that this plan will be closed.

HDFC Bank and IDBI Bank’s Special Senior Citizen FD Scheme is closing on 30 September 2022. Similarly, ICICI Bank’s special senior citizen FD scheme named Golden Years FD is closing on 7 October. On the other hand, State Bank has extended the duration of the Special Senior FD Scheme till March 2023.

HDFC Bank’s Spatial Scheme

According to HDFC Bank, senior citizens who deposit less than Rs 5 crore in a special FD scheme with a maturity of 5 years one day to 10 years, will get a premium interest of 0.25 percent. This interest will be in addition to the 0.50 percent already available. This special FD scheme of HDFC Bank has started on 18 May 2020 and will run till 30 September 2022. New FDs opened during this period or renewing old FDs will get the benefit of additional interest rate.

IDBI Bank Naman Deposit

IDBI Bank also runs a special FD scheme for senior citizens named Naman Deposit Scheme. In this deposit scheme, 0.75 percent interest is being given to senior citizens. This FD scheme of IDBI Bank is applicable till September 30, 2022.

ICICI Bank Golden Years FD

ICICI Bank is running a scheme in the name of Golden Years FD. The bank has said that 0.20 percent more interest is being given to senior citizens on an additional 0.50 percent annual interest. The Golden Years FD scheme is being run till October 7, 2022, in which the benefit of higher interest is being given on new deposits and renewing old FDs. Therefore, senior citizens who want to earn more interest will have to open an account in this scheme by October 7

SBI Wecare Special Scheme

SBI is running WeCare Special Scheme for Senior Citizens. The term of this scheme, which started in May 2020, has been extended till March next year. This scheme was started in view of the Kovid epidemic, but in view of the huge demand of the customers, its period has been extended.

SBI WeCare Deposit has been introduced for senior citizens in the retail term deposit segment, wherein senior citizens will be paid an additional premium of 30 basis points (over the existing 50 basis points) for 5 years on their retail term deposits. SBI WeCare Deposit Scheme has been extended till March 31, 2023.

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BoB’s New FD Rates

• The bank has increased the interest rate on FDs maturing in 7 days to 45 days from 2.80 percent to 3.00 percent and on FDs maturing in 46 days to 180 days from 3.70 percent to 4.00 percent.
• Customers will now get 4.65 percent interest on deposits from 181 days to 270 days. It has been increased by 35 basis points.
• Customers will now get 4.65% interest on deposits maturing in 271 days and above and less than 1 year. This rate was earlier 4.40 percent.
• The interest rate on FDs maturing in 1 year has been reduced to 5.30%, which was earlier 5 percent. It has been increased by 30 bps.
• FDs maturing in more than 1 year to 2 years will continue to get an interest rate of 5.45 percent.
• Interest will continue to accrue at the rate of 5.50 percent on FDs maturing more than two years and for three years. At the same time, the interest rate on FDs maturing more than three years and up to ten years has increased from 5.35 to 5.50 percent.

Senior citizens will get this much return

Senior citizens will get 0.50 percent more interest than the normal rate on FDs maturing in 7 days and 3 years. Whereas the amount maturing in 3 to 5 years will continue to get an additional interest of 0.50 percent +0.15 percent. Deposits maturing in 5 to 10 years will get 0.50 percent +0.50 percent interest. Senior citizens will get a maximum interest rate of 6.50 percent on FDs maturing more than 5 years and up to 10 years.

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Every person should save in his life. By making small savings, you can achieve your- financial goals. In this episode, you will tell you where you will benefit in tax along with the best returns on investing. Benjamin Franklin rightly said – Death and taxes are the only two things in life that are certain. The former cannot be avoided, but we can strive to reduce the tax burden and increase investment returns. This is the first and foremost smart step that can be done to get maximum return on one’s investment.

Earning Strong With Tax Savings

Tax planning is an important aspect when it comes to saving on returns. If you are planning to invest in tax-saving investments like PPF and ELSS, more time is needed. If there are changes in your status, such as change in rental agreement (HRA), consider these and inform the employer about the TDS.

Invest in the name of parents and spouse

A great option to avoid income clubbing is to invest in the names of your parents or grandparents and spouse who may be in lower tax brackets. Bansal explains, if one of your parents is above 65 years of age and does not have any investments, you can make investments in their names to earn tax-free interest. Every adult above 60 years of age is already entitled to a basic exemption of Rs 3 lakh. Additionally, if you want to take the help of a grandparent who is above 80 years of age, the exemption is more than Rs 5 lakh.

Invest in the name of children

Your children can help you save tax like your parents. But this will happen only if your child is an adult i.e. above 18 years of age. A child is treated as a separate person for tax purposes once he becomes an adult. He will also be eligible to open a demat account and invest in stocks and mutual funds with the money gifted by you. Bansal says, long term capital gains up to Rs 1 lakh will be tax free every year. Whereas short term capital gains will be tax free up to a standard exemption of Rs 2.5 lakh per annum.

NPS is a good option NPS

can be a good option for your retirement money in India with low annuity rates and long term. Experts say that NPS has been considered an unattractive investment option. According to Bansal, the reforms in the NPS withdrawal rules have brought about some change. Thereby, the pension scheme has become more attractive in their 50s. The new rule could be a somewhat different tax-saving option for investors.

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