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National Savings Certificate

| Filed under Economy

National Savings Certificate

National savings certificate is a special scheme designed to target the Government employees, Businessmen and other employees drawing a fixed monthly salary. National savings certificate can be bought by any individual or by two or more people jointly, or even by an adult of behalf of a minor.  National savings certificate can be bought from authorized post offices or the Head post offices by applying for the same in a form prescribed for the purpose. This application can be submitted either in person or through an authorized agent. There is no maximum limited set for the purchase of National savings certificate.

National Savings Certificate 300x155 National Savings Certificate

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Kisan Vikas Patra

| Filed under Economy

Are you a risk averse investor?  Are you looking at investing in some debt instrument? Are you done with your tax saving investments and have also exhausted your PPF limits? You do not want regular income and don’t mind locking your money to earn double returns.
123 Kisan Vikas Patra
Then Kisan Vikas Patra can be a an instrument where you can invest. While the name suggests that only a farmer can invest money in Kisan Vikas Patra it is not the case. Anyone wishing to invest money at safe places can go for Kisan Vikas Patra.
Kisan Vikas Patra (KVP) is a saving instrument that provides interest income similar to bonds. The KVP is a safe investment tool, as it is backed by the Government of India. The principal is assured and hence it is a safe avenue for investing your money. With low interest rate regime, such saving instruments are in limelight again. KVP is available at all Head Post Offices and authorized post offices throughout India.

Recurring Deposit or Jeevan Saral ? Which is the best?

| Filed under News and Views

 

coins Recurring Deposit or Jeevan Saral ? Which is the best?

 

Recurring Deposit or Jeevan Saral ? Which is the best?

You all might have heard about and has an idea of what is meant by recurring deposits schemes, acquiring small amounts of money and investing it for long term and to reap better returns at maturity. So this post would analysis some point which would tell us Recurring Deposit or Jeevan Saral ? Which is the best?
The usual players in the field were banks and post offices, now there is a new entry to this sector… any guess? Its the LIC or the Life Insurance Corporation of India. The LIC has started a special plan called “Jeevan Saral” which is famous now, Its launch was a couple of years back.

Jeevan Saral can be termed as a simple assurance plan where the policy holder choose the amount and also the mode of the premium payment. It also gives the policy holder protection from death which is of 250 times of the monthly premium, that he pays. With the age of the policy holder the terms also changes. The benefit at death includes the total risk cover plus the loyalty bonus if any. There is also promise by the LIC about the returns of premium which excludes the first year premiums and extra rider premiums.

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