Discover and read the best of Twitter Threads about #SeniorCitizenSavingScheme
Most recents (1)
Recently,there's been huge outcry over #Cessation of 7.75% #RBI #taxablebonds,that were issued in Jan2018,with 7yr maturity
Outcry is unjustified
#Repo rate is 4% now,lowest in last 20 yrs,to benefit borrowers
Its only practical to see realignment
of lending rate&savings rate!
Outcry is unjustified
#Repo rate is 4% now,lowest in last 20 yrs,to benefit borrowers
Its only practical to see realignment
of lending rate&savings rate!
For those in tax bracket of 30%,return is 5.4%,while for those in lowest bracket of 10%,post-tax return is 6.97%
Those in 30% bracket but with 5Cr+ invested,get post tax return of 4.4%
#Cessation means no fresh subscribers;Existing investors dont need to redeem till maturity!
Those in 30% bracket but with 5Cr+ invested,get post tax return of 4.4%
#Cessation means no fresh subscribers;Existing investors dont need to redeem till maturity!
Those alleging,#SeniorCitizens will get adversely affected by #Cessation of these bonds,are wrong
Senior citizens can invest in #VayaVandanaYojana,with 10 yr lock-in,at 7.4%;This scheme was to expire on 31stMarch2020,but has been renewed for another 3yrs by @narendramodi gov👍
Senior citizens can invest in #VayaVandanaYojana,with 10 yr lock-in,at 7.4%;This scheme was to expire on 31stMarch2020,but has been renewed for another 3yrs by @narendramodi gov👍
