New Deposit Scheme
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Budget 2023: New One-Time Small Savings Scheme For Women Announced
The maximum deposit amount has been kept at Rs 2 lakh and the scheme will have a partial withdrawal facility as well.
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Looking To Invest In National Savings Certificate? New Interest Rate And Other Details
NSC or National Savings Certificate is among the 12 national savings schemes provided by the government at present. Interest on National Savings Certificate is compounded on an annual basis but paid at maturity. The government has announced up to 0.4 per cent increase in interest rates applicable to small savings schemes such as the National Saving...
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8.65% Interest On Provident Fund To Rs 50,000 Bonus: 5 Developments
From interest rate for 2016-17 to Aadhaar to a new loyalty scheme, the last few days have seen a lot of development related to your provident fund or PF money.
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Tax Department Labels 9 Lakh Accounts Under Operation Clean Money 'Doubtful'
The Income-Tax department has placed nearly half of the 18 lakh people, already under its scanner for suspicious bank deposits post cash-ban, in the 'doubtful' category, but stopped short of taking any action against them till the new tax amnesty scheme ends on March 31.
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Government Bars Co-Op Banks From Accepting Deposits Under PMGKY
After the notes ban, the Centre came up with an amnesty scheme for holders of unaccounted cash by asking them to pay 50 per cent tax and parking one-fourth of it in a no-interest bearing four-year deposit.
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RBI Amends Rs 5,000-Deposit Order After Backlash, No Questions For KYC Accounts
In its 60th notification since the notes ban was announced, the Reserve Bank of India (RBI) today made an important change in how outlawed 500- and 1,000-rupee notes can be deposited in banks after a huge backlash over the rule that required an explanation from people for deposits above Rs 5,000. No questions will be asked for deposits above Rs 5,0...
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New Deposit Scheme Allows Old Notes Worth 5,000-Plus Only Once Till December 30
The government has in new restrictions said that deposits of more than 5,000 rupees in old 500 and 1,000-rupee notes can be made in a bank account only once from today till December 30, the deadline for depositing old notes. The Finance Ministry said any deposit of over Rs 5,000 will be subject to questioning by two bank officials, who have to be g...
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Unaccounted Deposits In Old Notes To Attract 50 Per Cent Tax, 4-Year Lock-In Period
A minimum of 50 per cent tax may be levied on unexplained bank deposits made using the banned currency notes up to December 30 along with a 4-year lock in period for half of the remaining amount under the amendments to tax law the government plans to bring in parliament shortly.
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Somnath Trust To Deposit 6 Kg Gold Under Central Scheme
The Somnath Trust, which met in New Delhi today, decided to deposit about 6 kg gold under the government's monetisation scheme.
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Premature PPF Withdrawal Allowed. Here Are The New Rules
The Finance Ministry on Monday said subscribers of the Public Provident Fund (PPF) can prematurely close the deposit scheme after completing five years for reasons such as higher education or expenditure towards medical treatment.
-
Government Proposes Strict Penalty, Jail Term For Ponzi Operators
Seeking to sternly deal with the ponzi menace, the government has proposed imprisonment of up to 10 years and fine of up to Rs 50 crore under a new draft bill for those running illicit money deposit schemes.
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Will Gold Monetisation Scheme Succeed? What Analysts Say
The new gold monetization scheme will offer an interest rate of up to 2.5 per cent and has a minimum deposit level of 30 grams.
-
Good Interest Rate Must for Success of Gold Scheme: Nomura
Three days ago the government proposed a new scheme offering tax-free interest on depositing the yellow metal with banks.
-
Gold Monetisation Scheme Should Be Investor Friendly: Gitanjali Exports
The scheme has the potential to attract Rs 1 lakh crore worth of gold deposits, says Sanjeev Agarwal, CEO of Gitanjali Exports Corporation.
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Jaitley Announces New Gold Schemes: What to Know
Investors who want to buy gold will soon have a new option. This was among a number of proposals announced by Finance Minister Arun Jaitley in the Budget to reduce India's import of gold as well as put to work the vast amount of gold deposits held in the country.
-
Budget 2023: New One-Time Small Savings Scheme For Women Announced
The maximum deposit amount has been kept at Rs 2 lakh and the scheme will have a partial withdrawal facility as well.
-
Looking To Invest In National Savings Certificate? New Interest Rate And Other Details
NSC or National Savings Certificate is among the 12 national savings schemes provided by the government at present. Interest on National Savings Certificate is compounded on an annual basis but paid at maturity. The government has announced up to 0.4 per cent increase in interest rates applicable to small savings schemes such as the National Saving...
-
8.65% Interest On Provident Fund To Rs 50,000 Bonus: 5 Developments
From interest rate for 2016-17 to Aadhaar to a new loyalty scheme, the last few days have seen a lot of development related to your provident fund or PF money.
-
Tax Department Labels 9 Lakh Accounts Under Operation Clean Money 'Doubtful'
The Income-Tax department has placed nearly half of the 18 lakh people, already under its scanner for suspicious bank deposits post cash-ban, in the 'doubtful' category, but stopped short of taking any action against them till the new tax amnesty scheme ends on March 31.
-
Government Bars Co-Op Banks From Accepting Deposits Under PMGKY
After the notes ban, the Centre came up with an amnesty scheme for holders of unaccounted cash by asking them to pay 50 per cent tax and parking one-fourth of it in a no-interest bearing four-year deposit.
-
RBI Amends Rs 5,000-Deposit Order After Backlash, No Questions For KYC Accounts
In its 60th notification since the notes ban was announced, the Reserve Bank of India (RBI) today made an important change in how outlawed 500- and 1,000-rupee notes can be deposited in banks after a huge backlash over the rule that required an explanation from people for deposits above Rs 5,000. No questions will be asked for deposits above Rs 5,0...
-
New Deposit Scheme Allows Old Notes Worth 5,000-Plus Only Once Till December 30
The government has in new restrictions said that deposits of more than 5,000 rupees in old 500 and 1,000-rupee notes can be made in a bank account only once from today till December 30, the deadline for depositing old notes. The Finance Ministry said any deposit of over Rs 5,000 will be subject to questioning by two bank officials, who have to be g...
-
Unaccounted Deposits In Old Notes To Attract 50 Per Cent Tax, 4-Year Lock-In Period
A minimum of 50 per cent tax may be levied on unexplained bank deposits made using the banned currency notes up to December 30 along with a 4-year lock in period for half of the remaining amount under the amendments to tax law the government plans to bring in parliament shortly.
-
Somnath Trust To Deposit 6 Kg Gold Under Central Scheme
The Somnath Trust, which met in New Delhi today, decided to deposit about 6 kg gold under the government's monetisation scheme.
-
Premature PPF Withdrawal Allowed. Here Are The New Rules
The Finance Ministry on Monday said subscribers of the Public Provident Fund (PPF) can prematurely close the deposit scheme after completing five years for reasons such as higher education or expenditure towards medical treatment.
-
Government Proposes Strict Penalty, Jail Term For Ponzi Operators
Seeking to sternly deal with the ponzi menace, the government has proposed imprisonment of up to 10 years and fine of up to Rs 50 crore under a new draft bill for those running illicit money deposit schemes.
-
Will Gold Monetisation Scheme Succeed? What Analysts Say
The new gold monetization scheme will offer an interest rate of up to 2.5 per cent and has a minimum deposit level of 30 grams.
-
Good Interest Rate Must for Success of Gold Scheme: Nomura
Three days ago the government proposed a new scheme offering tax-free interest on depositing the yellow metal with banks.
-
Gold Monetisation Scheme Should Be Investor Friendly: Gitanjali Exports
The scheme has the potential to attract Rs 1 lakh crore worth of gold deposits, says Sanjeev Agarwal, CEO of Gitanjali Exports Corporation.
-
Jaitley Announces New Gold Schemes: What to Know
Investors who want to buy gold will soon have a new option. This was among a number of proposals announced by Finance Minister Arun Jaitley in the Budget to reduce India's import of gold as well as put to work the vast amount of gold deposits held in the country.
