Investment schemes News

Investments in an SSY account for a financial year are capped at Rs 1.5 lakh, with the added benefit of claiming tax advantages under section 80C.

Pradhan Mantri Vaya Vandana Yojana is a social security scheme. It has been brought by the Government of India on May 26, 2020. The scheme is being operated by the LIC.

At present, the government gives an annual interest of 7.1% on the PPF account. Investment in the scheme is made for a minimum of 15 years. So, if you invest Rs 12500 a month for 15 years, it will turn into Rs 40,68,209 at the time of maturity.

Capital market regulator Sebi has passed 96 orders against various entities during the past three years for running illegal collective investment schemes, Parliament was informed on Friday.

Expressing doubts over the re-launched Kisan Vikas Patra, former Finance Minister P Chidambaram on Wednesday said there are other investment schemes which offer better returns.

The crucial Sebi bill aimed at tackling the ponzi menace was Wednesday approved by Lok Sabha with government saying that Prime Minister Narendra Modi will soon announce a financial scheme which will discourage people from being allured by fraudulent operators.

The Securities Laws (Amendment) Bill, 2014, aims to empower capital market watchdog Securities and Exchange Board of India (Sebi) by giving powers such as authority to seek call data records, was Wednesday approved by the Lok Sabha.