Financial Planning

7 - New Year Financial Resolution :- 1.    I will Insure my Family & Property: - We work hard to earn, now is the time to protect your family & properties you owned, buying a medical for any medical disaster. Make sure its adequately insured. 2.   Emergency money Planning:- A very commonly given financial advice, but not so commonly implemented across. generally, 6 to 8 months monthly total expenses/spending(total expense include all expenses including loans and credit cards payments, household bills etc.,)

Dear Readers,  Wishing You A Very Happy Diwali & A Prosperous New Year. Manan Mankad

Investment limit on infrastructure bonds may rise to Rs 50,000 NEW DELHI: The government is considering more than doubling the investment limit in infrastructure bonds eligible for tax rebates as part of a strategy to provide a funding boost to a vital sector while having a beneficial effect across the economy. Officials told ET the finance ministry's department of economic affairs, as part of its suggestions for the 2012-13 budget, had proposed raising the investment limit in these bonds to Rs 50,000 from Rs 20,000 now. The revenue department is expected to take a final decision after weighing expected economic gains against short-term revenue losses. Source :- Economic Times http://articles.economictimes.indiatimes.com/2012-01-27/news/30670455_1_tax-free-bonds-infrastructure-bonds-investment-limit - Manan Mankad Read Personal Financial Article on : www.mananmankad.blogspot.com follow us on twitter : www.twitter.com/mananmankad Like us on Fac...

PPF Eligibility- Individuals, individuals on behalf of minor  Min- Rs 500 per annum in multiples of 5 Rs 1,00,000/- per annum (wef from : 1 st Dec,2011) Duration- 15 years, can be extended for one or more blocks of 5 years. Account can be discontinued but the repayment of subscription and interest will happen only  after 15 years. Rate of Interest – 8.6% pa, credited in the account on the 31st of march and calculated on the minimum balance between 5th Day and the end of the month. Loans – During the third to sixth year the account holder can avail the facility of loan of an amount not exceeding 25% of the balance standing to his credit at the end of the second financial year immediately preceding the year of loan application. The principal amount of loan under the PPF scheme is required to be paid either in lump sum or in monthly installments within a period of 36 months. After the principal amount is repaid the interest is to be paid in not more...