Sukanya Samriddhi Scheme (SSS) is an investment option if you have a girl child of ten years or below. It gives fixed return of 8.5% per annum. 50% of the withdrawal is allowed only when the girl child turns 18. Investment in SSS is goal specific and the maturity amount is accessible only to the girl child in whose name ...
SIPs are Systematic Investment Plans where money is deducted from your bank account and invested automatically. With an SIP, you’re able to purchase fund units at different levels of the market. To start invest in mutual funds in SIP, open saving account in one of the bank, get cheque book for the account and internet banking for the account. To ...
House Rent Allowance (HRA), is an amount which is paid by employers to employees as part of their salaries for accommodation. Only salaried person living in rented house can claim HRA tax exemption. Income tax section 10(13A) provides tax benefits towards the payment for rent. Tax exemption calculated based on city of residence, HRA paid, basic salary and actual salary ...
know-your-client (KYC) norms have been made mandatory for everyone who wishes to invest in mutual fund. Investors need to submit their KYC acknowledgement along with investment form. Know your client (KYC) verification is a mandatory requirement for mutual fund investments in India. KYC essentially is a record of the investor’s identity and address. If you are new to mutual funds, ...