Posts Tagged ‘deposit’

Gold become costlier by Rs 600 per 10gm due to hike in import duty

Gold become costlier by Rs 600 per 10gm due to hike in import duty

Spectacular demand for gold is draining huge amount of foreign exchange, government has taken decision to hike the import duty from 4 to 6 per cent, a decision that immediately sent prices shooting up. Simultaneously, the government also raised the duty on platinum by a similar percentage from 4 to 6. Gold prices are likely to rise by up to Rs 600 per 10 gram in the short term with tapered demand following the government decision to hike import duty […]



Tax Saving Fix Deposits – Really Tax Saving?

Tax Saving Fix Deposits – Really Tax Saving?

Lot of people selects Tax saving Fix deposit for tax saving purpose under section 80 C, Do you think this is right investment instrument for Tax saving purpose? Or in other words this tax saving fix deposit is really tax saving? Let’s check out few interesting details. What is a tax saving fixed deposit? Fixed deposit offered by banks for Tax Saving purpose Interest rates on this FD depends on the bank This deposit is locked in for 5 years […]


Gold linked investment products – Alternative to Physical Gold by RBI

Gold linked investment products – Alternative to Physical Gold by RBI

Gold is making record in terms of price every day. It seems it is only asset class growing in value & Indian people has gold mania they are investing in gold like anything. According to world gold council estimate 800 tonnes of net gold is imported by India in 2012 for domestic consumption, This seems to be very high. To reduce pressure on gold imports and to manage the country’s obsession with gold investment RBI (Reserve Bank of India) is […]