FINguide Buddy

 

📢 Attention Investors: Your Small Savings Account May Be Frozen After 3 Years! The Government of India has recently announced an important update regarding Small Savings Schemes such as Post Office RD, MIS, SCSS, TD, KVP, NSC and PPF . If you have any of these accounts that have matured but not been closed , you need to take action before it's too late. 🧊 What’s the New Rule? If your small savings account has matured (i.e., completed its investment period), and you do not withdraw or close it within 3 years , your account will be frozen . This means: You won’t be able to operate the account. No interest will be paid after maturity. You will need to follow extra steps to claim your money. This move is meant to protect investors' money and prevent fraud or misuse of long-forgotten accounts. 📅 When Will This Happen? The government will check and freeze such accounts twice a year : Every July Every January If your account has completed 3 years aft...

💡 Income Plus Arbitrage Funds: A Smart and Tax-Efficient Alternative to Traditional Debt Funds After the 2023 Union Budget, investors have started looking beyond traditional debt mutual funds. The tax changes have made debt funds less attractive, and fund houses are now launching income plus arbitrage funds to meet the growing demand for tax-friendly, low-risk investment options. 📉➡️📊 ❓ Why the Sudden Shift? The 2023 Budget brought a major change: returns from debt mutual funds are now taxed at your income tax slab rate, which could be as high as 30% 💸. Earlier, investors used to get indexation benefits on long-term gains, which helped reduce tax. That advantage is now gone. ❌ On the other hand, Fund of Funds (FoFs) — such as income plus arbitrage funds — offer long-term capital gains tax at just 12.5% if held for over two years ✅. But to get this benefit, these funds should not hold more than 65% in debt instruments. So, to take advantage of this, fund houses began ...

Annuity Quotes Are you a:    * Government Sector Subscriber Private Sector Subscriber Date of Birth:    * (DD/MM/YYYY) Your age:  61  years Gender:    * Male Female Others Marital Status:    * Single Married Spouse's Gender: * Male Female Others Spouse Date of Birth:    * (DD/MM/YYYY) Spouse age:  61  years J & K Resident:    * Yes No NPS Corpus to be utilized for purchase of annuity:(in ₹) * Annuity Service Provider - Scheme Name - if annuity frequency is Monthly  With Return of Purchase Price (With ROP)   ₹ Without Return of Purchase Price (Without ROP)   ₹ Annuity Service Provider  Annuity for Life    Joint Life Annuity    NPS - Family Income    Annuity for Life    Joint Life Annuity    Aditya Birla Sun Life Insurance Co. Ltd 1,628 (6.1%) Not Applicable 1,722 (6.46%) 1,976 (7.41%) 1,798 (6.74%) Axis Max Life Insurance Limi...