This document summarizes and compares two Indian government savings schemes: the National Savings Certificate (NSC) and the Senior Citizens Savings Scheme (SCSS). The NSC is available to all Indian residents and offers an annual interest rate of 8% over a 5-year term. The SCSS is primarily for senior citizens aged 60 and over, offers a higher interest rate of 8.7-9%, and has a term of 5-8 years. While both schemes provide tax benefits, the SCSS is recommended for retirees seeking assured returns and regular income due to its higher interest rate and quarterly interest payments.
This file provides complete information about the Public Provident Fund (PPF). It provides features, withdrawal from PPF, loan from PPF, consequences of default in deposit, document required for PPF, etc.
This file provides complete information about the Public Provident Fund (PPF). It provides features, withdrawal from PPF, loan from PPF, consequences of default in deposit, document required for PPF, etc.
Find which are 5 best instruments for saving tax under section 80c of income tax act. Check what are most important things to check before investing for saving taxes
The National Pension Scheme is a Defined Contribution Scheme that was set up in 2004 for all Government Employees and was open to the general public in May 2009. It is a social security benefit to create a retirement corpus to meet post retirement income needs, initiated by the Government of India in association with the Pension Regulatory Development Authority.
National pension scheme a noble step to provide pensionMoney Investor
National Pension Scheme (NPS) is a contributory pension scheme. It was launched in January
2004 for government employees (except Armed Forces). However, in May 2009, it was opened
to all Citizens of India.
The PFRDA (Pension Fund Regulatory and Development Authority) governs the National Pension System (NPS), which is a retirement pension programme established by the Government of India to provide subscribers with a regular income after retirement. NPS also helps you in getting Tax benefits in 2021.
It may be a smart choice for you because of the low minimum commitment and higher returns for retirement planning.
Subject to change with respect of time. This is purely my interpretation. Suggestion is most welcome. Figures are subject to change and specifically state specific.
How to file form-1 (equalization levy) on new income-tax portal?Ankitasahu60
On or before the 30th of June immediately following the financial year, the statement in Form No.1 in respect of all the specified services chargeable to the equalization levy must be given.
The equalization levy would be 6% of the amount of consideration for specified services received or receivable by a non-resident not having a permanent establishment ('PE') in India, from an Indian resident carrying on business or profession, or from a non-resident having a permanent establishment in India.
We are the provider of national pension scheme details and return related to government and retirement pension scheme. We also provide services for monthly and new pension scheme in India.
For more details please visit: http://fintrackindia.com/nps.html
Which are best tax saving options under section 80C of income tax act. What are various tax saving options .Which investments are allowed for 80C deduction ELSS, FD, Term Insurance, Medical Insurance, PPF, Tax Saving Schemes, Saving taxes,
Find which are 5 best instruments for saving tax under section 80c of income tax act. Check what are most important things to check before investing for saving taxes
The National Pension Scheme is a Defined Contribution Scheme that was set up in 2004 for all Government Employees and was open to the general public in May 2009. It is a social security benefit to create a retirement corpus to meet post retirement income needs, initiated by the Government of India in association with the Pension Regulatory Development Authority.
National pension scheme a noble step to provide pensionMoney Investor
National Pension Scheme (NPS) is a contributory pension scheme. It was launched in January
2004 for government employees (except Armed Forces). However, in May 2009, it was opened
to all Citizens of India.
The PFRDA (Pension Fund Regulatory and Development Authority) governs the National Pension System (NPS), which is a retirement pension programme established by the Government of India to provide subscribers with a regular income after retirement. NPS also helps you in getting Tax benefits in 2021.
It may be a smart choice for you because of the low minimum commitment and higher returns for retirement planning.
Subject to change with respect of time. This is purely my interpretation. Suggestion is most welcome. Figures are subject to change and specifically state specific.
How to file form-1 (equalization levy) on new income-tax portal?Ankitasahu60
On or before the 30th of June immediately following the financial year, the statement in Form No.1 in respect of all the specified services chargeable to the equalization levy must be given.
The equalization levy would be 6% of the amount of consideration for specified services received or receivable by a non-resident not having a permanent establishment ('PE') in India, from an Indian resident carrying on business or profession, or from a non-resident having a permanent establishment in India.
We are the provider of national pension scheme details and return related to government and retirement pension scheme. We also provide services for monthly and new pension scheme in India.
For more details please visit: http://fintrackindia.com/nps.html
Which are best tax saving options under section 80C of income tax act. What are various tax saving options .Which investments are allowed for 80C deduction ELSS, FD, Term Insurance, Medical Insurance, PPF, Tax Saving Schemes, Saving taxes,
NPS is an easily accessible, low cost, tax-efficient, flexible and portable retirement savings
account. NPS will help you to in building retirement corpus in tax efficient way. This presentation gives your fair details about NPS. Any Indian citizen having age between 18 to 70 can open NPS account.
The National Pension Scheme (NPS) is an excellent instrument when it comes to investing for your future and tax saving for your present. For a detailed and in depth knowledge on how NPS can be a good option for you, view this presentation.
Best Guide For Tax-Savings | Canara HSBC Life InsuranceSamJackson99
Know More About Tax-Savings With This Guide Provided By Canara HSBC Life Insurance. Learn How To Get The Maximum Benefits For A Better Financial Planning
Ultimate Guide For Tax-Savings | Canara HSBC Life InsuranceSamJackson99
Learn How To Get The Maximum Benefits For A Better Financial Planning. Know More About Tax-Savings With This Guide Provided By Canara HSBC Life Insurance.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Scope Of Macroeconomics introduction and basic theories
ET FINPRO presentation on NSC & SCSS
1. STUDY ABOUT NATIONAL SAVINGS CERTIFICATE
&SENIOR CITIZEN SAVINGS SCHEME CERTIFICATE
Presented By-
Adrita Bhattacharaya
Akash Kumar Saha
Manisha Thakur
Dipesh Shah
Ragini Soni
2. Features Benefit
Minimum Investment Rs. 100
Maximum Investment No maximum limits
Interest option Compounded annually
Interest rate 8%
Tenure 5years
Loan against NSC
1. Only resident Indians can apply for a loan against NSC.
2. The margin applicable to loan against NSC depends on the time
remaining till maturity.
3. The loan tenure equals the residual maturity (time remaining till
maturity) of the NSC used as collateral.
Premature withdrawal
1. On the death of NSC holder.
2. On forfeiture by a pledgee who is a Gazette Government Officer.
3. On the order of court for premature withdrawal of NSC
Mode of holding Individual/Joint/Minor through the guardian
Eligibility Resident Indian National
NATIONAL SAVINGS CERTIFICATE
Introduction- is a tax saving investment that can be purchased from any post office by an Indian Resident.
Being a fixed return and low risk Government of India-backed investment, NSC is usually preferred by risk-averse
investors or those seeking to diversify their portfolio through fixed return instrument.
3. Documents Required to Apply for NSC
Completely filled out NSC Application form.
Recent Photograph
Identity proof – Aadhaar, PAN, etc.
Address proof – Aadhaar, Voter ID, etc.
Cash/cheque deposit of investment amount.
These documents can be submitted at any India Post Office to obtain NSC in applicable
denominations.
Credit Score affects your Loan & Credit Card Eligibility.
Documentation
Tax treatment : Investment under this scheme qualifies for the benefit
of Section 80C of the Income Tax Act, 1961 from 1.4.2007.
4. Senior citizen savings scheme ( SCSS )
Introduction- The Senior Citizens Savings Scheme (SCSS) is primarily for the senior citizens of India.
The scheme offers a regular stream of income with the highest of safety and tax saving benefits. It is an
apt choice of investment for those over 60 years of age. SCSS is a scheme with a 5-year tenure with an
option of extending it for further 3 years.
Features Benefit
Minimum Investment Rs. 1000
Maximum Investment Rs. 15,00,000
Interest option Quarterly Receivable interest
Interest 8.7
Tenure 5-8 years
Loan against SCSS NA
Premature withdrawal Allowed after 1year, 1.5% withdrawal charges
Mode of holding Individual/Joint
Eligibility Resident Indian National with age of 60 and above
Tax treatment
Investment under this scheme qualifies for the benefit of
Section 80C of the Income Tax Act, 1961 from 1.4.2007.
5. Documents Required to Apply for SCSS
A fully and correctly filled application form that can be obtained from a bank or post office
Applicant(s) photos
Aadhaar details
Permanent Account Number (PAN)
Proof of age
Proof of residence
Retired applicants will be required to furnish a employer-issued certificate which states the
designation help by the applicant, duration of their employment, retirement benefits they are
entitled to, and whether the retirement was on superannuation or otherwise.
Proof stating the date on which applicant’s retirement benefits were disbursed
Applicants may also be required to provide the details of existing accounts held by them under this
scheme, and also the amounts that have been deposited in each of such accounts.
Documentation
6. Difference Between NSC & SCSS
Features NSC SCSS
Open an account with Only in Post Offices. In Bank & Post office.
Return of Investment 8 % 8.7-9 %
Maturity Period 5 years 5-8 years
Maximum Investment No limit Upto 15 Lakh
Age Limit Any Individual/ minor Age 60 & above
Tax Benefit on investment Exempted Exempted
Tax Benefit on Return Taxable Taxable
Pre Mature Withdrawal *Not allowed
Allowed after 1year, 1.5%
withdrawal charges
Product
Lump sum Investment
(Rs.)
Tenure Returns (Rs.)
NSC 15 Lakh 5 year 22,20,366.43
SCSS 15 Lakh 5 year 21,45,000
7. Maturity Amount: 21,45,000
Total Interest: 6,45000
Quarterly Receivable Interest: 32,250
Maturity Amount: 22,20,366.43
Total Interest: 7,20,366.43
Investment summary NSC vs SCSS
NSC
SCSS
8. Which One is Best (Recommendation)
Bank deposit rates have fallen in the past two years and
especially after demonetization. Though banks offer senior
citizens higher rates, for regular investors the deposit rates are
now 7-7.2%. This makes the NSCs more attractive with 8%
ROI. But go for them only if you are ready to stand in long
queues at the Post Office and put up with the laxity of the
government staff.
The Senior Citizens’ Savings Scheme should be the first option
for retirees looking to park their life savings. It offers assured
returns with 8.7% ROI and regular income. These are critical
requirements of most retirees.
NATIONAL SAVINGS CERTIFICATES
SENIOR CITIZENS’ SAVING SCHEME