i hav started the recurring deposits with sbi bank so is it better then fd n which 1 gives highest maturity amount fd or rd.
PPF account opened in my wife’s name is maturing on 01-04-2010.It has two components vis money deposited in last 16 years ie 16*60000=960000 and interest earned on the same. my question is on maturity interest part is invested in POST OFFICE MONTHLY INCOME SCHEME, future interests will be clubbed with my income or the same will be treated as my wife’s income and will be taxed accordingly?
i joined in LIC jeevan suraksh pension plan 10 yrs ago.i paid 4 consecutive premium amount total to the tune of 28,000Rs/ but later due to unavoidable financial problems i failed to remit the further premiums regularly.This December 2010, 15th is the maturity date.So my doubt is am eligible to claim for the amount i had paid ?
I bought NSC for tax saving purposes several years back in Kolkata. Presently I am in Chennai and my certificates are due for maturity. However when I visited the local post office, they just scared me away. I am told that they will send the certificates by post to Kolkata and if I am lucky they will get confirmation in about 3 months time. After that, I have to apply for change of address and give address proof. A representative from local PO will visit my house to confirm if I actually stay there.
They will issue me a cheque only after all these formalities. Does anyone know an easier way out?
Secondly, I also want to know if, I take a loan against a fixed deposit and I am not able to repay it, at the maturity date, I shall have a liability towards bank.
As far as basic logic says, bank did not lend any money to me and what I have is a part of my deposit.Why should bank ask for more money from me then?
Any pointer links to Reserve bank of India with norms for these conditions shall be helpful.
If I am start RD deposit Indian bank every month Rs. 5000/- upto 10 years. After Maturity total amount how much ?.
How is the calculation ?