Interest rates of small savings will increase effective April 01, 2012. Today, Ministry of Finance issued a circular witht he details for Small Saving Investments. Increase of Interest rates is based on the recommendations of Shyamala Gopinath Committee. Overview No Changes to Saving Deposits Increase...

The government on Friday raised interest rate on the Public Provident Fund (PPF) to 8.6 per cent, from 8 per cent earlier. The maximum increase is in the one-year fixed deposits – from 6.25 per cent to 7.7 per cent. The interest rate on other time maturities has been hiked as well. Similarly, the...

Tax Benefits on Insurance and Pension Life insurance and retirement plans are effective ways to save taxes when doing your year end tax planning. To assist you in tax planning, the tax breaks that are available under our various insurance and pension policies are described below: All life insurance...