Comments on: Fixed income plans other than Fixed deposits

By: S. S. Sharma

S. S. Sharma — Mon, 06 Aug 2012 17:52:50 +0000

In reply to Pankaj Batra.

Thanks for valuable guidance will ask questions as and when I require your guidance.

By: Pankaj Batra

Pankaj Batra — Mon, 06 Aug 2012 06:30:52 +0000

In reply to S. S. Sharma.

@S.S.Sharma
There can be only one deposit in the account. You will have to open new account every year.

By: S. S. Sharma

S. S. Sharma — Mon, 06 Aug 2012 06:19:42 +0000

Thanks; Mr. Batra ji : My 90% problem is solved by answers of the questions I am going for Senior Citizens saving scheme and depositing the amount where I can get regular income to meet my day to day expences and deduction under section 80C of Income Tax. But I want to deposit only the amount upto 100000/ every year. Can I get rebate every year and have I to open new account every year for depositing in this scheme till it reaches its highest limit, multiple accounts are permitted or not?

By: Kishan sharma

Kishan sharma — Sat, 04 Aug 2012 05:12:58 +0000

In reply to Pankaj Batra.

TO
MR PANKAJ BATRA

THANK YOU VERY MUCH FOR THIS VALUABLE REPLY.

By: Divya

Divya — Fri, 27 Jul 2012 05:39:09 +0000

In reply to Pankaj Batra.

Thanks Pankaj. Its really helpful !!

By: Pankaj Batra

Pankaj Batra — Thu, 26 Jul 2012 11:23:15 +0000

In reply to Divya.

@Divya
Shriram Transport NCD is offering good return (upto 11.40%). Minimum investment amount is also small (Rs 10000).
From liquidity perspective also these are good as these are going to list on NSE and BSE both.
Company won’t be deducting any TDS on returns as its a listed NCD, but returns would be taxable as per income tax slab rates.
Regarding safety, Shriram is a stable company and its CRISIL and CARE ratings have also been good. So you can go ahead and invest in these.

By: Divya

Divya — Wed, 25 Jul 2012 14:59:18 +0000

Hi Pankaj, I have heard of Shriram Transport NCD launched recently. How good is this option for fixed incomes perspective? What things we need to check or consider before investing in NCD?

Thanks !!

By: Pankaj Batra

Pankaj Batra — Wed, 25 Jul 2012 08:52:11 +0000

In reply to Kishan sharma.

@Kishan
An SCSS account can be transferred from one deposit office to another. A depositor may apply in Form G, enclosing the Pass Book thereto, for transfer of his account from one deposit office to another. If the deposit amount is rupees one lakh or above, a transfer fee of rupees five per lakh of deposit for the first transfer and rupees ten per lakh of deposit for the second and subsequent transfers shall be payable. [Rule 11 and GOI Notification GSR.(E) dated March 23, 2006)

Check details on this page: http://www.rbi.org.in/scripts/FAQView.aspx?Id=62

By: Kishan sharma

Kishan sharma — Wed, 25 Jul 2012 04:17:04 +0000

I am having SCSS a/c with S.B.I. in maharashtra branch but i want to transfer the a/c at uttar pradesh branch at AGRA. Bank is not allowing why.

By: Pankaj Batra

Pankaj Batra — Wed, 25 Apr 2012 12:34:14 +0000

In reply to ashwini.

@Ashwini
Its possible to get PPF account transferred from one bank to another or to post office.
Visit SBI bank where you hold your PPF account and ask them for a PPF transfer form.