Finance

Get Some useful information about Finance here.


#News:

# General:

Useful Link: CA Firm  Mukeshraj 


# Investment Options In India

These Investment  options will give you interest on your Investment  but won’t save your Tax .

  1. Bank Savings Account (4~5%)
  2. Bank Fixed Deposit (7~9.5%)
  3. Recurring Deposit Account (7~9.5%)
  4. Debt Mutual Funds
  5. Equity Share Market
  6. Gold Investment
  7. Kisan Vikas Patra(KVP)
  8. Investment in Real Estate

See – Best Online Investment Platforms in India 


# Tax Saving Investment Options In India:

  1. PPF (Publick Provident Fund): PPF Calculator Ref link: PPF Account  [ For FY 2016-2017 ROI Reduced  From 8.7% to 7.8% ]
  2. Fixed Deposit for 5 years
  3. LIC
  4. Unit Linked Investment Plan (ULIP )
  5. National Savings Certificate (NSC) [ For FY 2016-2017 ROI Reduced  From 8.5% to 8.1% ]
  6. Term Insurance Plans
  7. Mutual Fund
  8. SIP : Systematic Investment Plan
  9. ELSS

Additional :

Link: EPFO

EPF UAN Services : Link

To Check EPF Passbook : Link


Check : 12+ Best Financial Planning Blogs in India


# Bank Acronyms:

  • BIC : Bank Identifier Code
  • BSR : Basic Statistical Return
  • CFMS : Centralized Funds Management System
  • IFSC : Indian Financial System Code
  • MICR : Magnetic Ink Character Recognition
  • NEFT : National Electronic Funds Transfer
  • RTGS : Real Time Gross Settlement
  • SWIFT : Society for Worldwide Interbank Financial Telecommunication

# Recommended Books: