New Delhi : Financial specialists are profoundly excited almost the Dependence Jio IPO and are anticipating it with awesome expectation. After two decades, Dependence Businesses is set to dispatch an IPO for one of its major commerce units. Presently, Mukesh Ambani has given a critical upgrade with respect to this Jio IPO . The draft outline for Jio Stages is anticipated to be recorded following month. This may possibly be the biggest IPO in the country's history. Dependence has designated a consortium of 19 banks to oversee this process. Mukesh Ambani, Chairman of Dependence Businesses, has dropped a major indicate with respect to the exceedingly expected IPO of Jio Stages. Depicting it as a "definitive breakthrough," Ambani signaled that the company is quickly progressing in its arrangements for what is balanced to be India's largest-ever IPO. Talking amid the company's profit discharge, Ambani expressed, "I am satisfied to share that we are making...
Fix Deposit (FD) has gained a lot of
popularity in our country due to being a more secure investment option, but now
people are less attached to FD. The main reason for this is declining interest
rates. For the last one or two years, interest rates on FDs have come down by
three to four per cent. Earlier, where major banks used to pay more than seven
per cent interest on FD, they are now offering less than five per cent. In such
a situation, people are looking for other options for investment.
FD is considered a small-time
investment option. Most customers prefer to invest in FDs for two to five
years. There does not seem to be any more secure high-return investment option
in this period. One option we can see is debt mutual funds, but here too the
returns have been reduced from previous months. Therefore, experts believe that
now if customers want a more secure investment option, they will have to invest
for a longer period.
There are many options available in
the market for investors seeking higher returns with greater security. Today we
will talk about these major options. The first is the Voluntary Provident Fund
(VPF) and the second is the Senior Citizen Saving Scheme.
Voluntary Provident Fund (VPF)
Every month 12% of the basic salary
and DA from the salary of salaried employees is deposited in the Employees
Provident Fund (EPF). At the same time, the employer also deposits the same
amount in the EPF account of the employee. If employees invest more than 12 per cent of their salary in the PF fund, then it is called Voluntary Provident Fund
(VPF). VPF also gets interest at the same rate as on PF. As per the rules, any
salaried employee can deposit his basic salary and DA up to 100 per cent in VPF.
The VPF is currently receiving an annual return of around 8.5 per cent. Like
EPF, VPF also has the benefit of tax exemption.
Senior Citizen Saving Schemes (SCSS)
It is also a government-backed
investment scheme. This scheme is for people above 60 years of age. The scheme
currently offers interest at the rate of 7.40 per cent. In this scheme, a
maximum investment of Rs 15 lakh can be made in multiples of Rs 1,000. The
interest in this scheme is payable every quarter, so it can be used as regular
income. The SCSS account matures in five years, after which it can be extended
for a three-year block.
Comments
Post a Comment