The Reserve Bank of India, in consultation with Government of India, has decided to issue Sovereign Gold Bonds. The Bonds will be issued on November 26, 2015. Applications for the bond will be accepted from November 05, 2015 to November 20, 2015. The Bonds will be sold through banks and designated … [Read more...]
Sovereign Gold Bond Scheme 2015 – FAQ
1. What is Sovereign Gold Bond (SGB)? Who is the issuer?SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on … [Read more...]
Direction to all Scheduled Commercial Banks for Gold Monetisation Scheme
RBI/2015-16/211Master Direction No.DBR.IBD.No.45/23.67.003/2015-16October 22, 2015Gold Monetisation Scheme, 2015In exercise of the powers conferred on the Reserve Bank of India (RBI) under Section 35 A of the Banking Regulation Act, 1949 and in pursuance of the Central Government notification issued … [Read more...]
Modified Atal Pension Yojana looks more attractive
The Atal Pension Yojana (APY) was launched by the Prime Minister Shri Narendra Modi at Kolkata on 9th May, 2015. APY provides a minimum guaranteed pension of Rs.1000 per month or Rs. 2000 per month or Rs. 3000 per month or Rs. 4000 per month or Rs. 5000 per month, at the age group of … [Read more...]
Salient Features of Gold Deposit Scheme
The Central Government, with a view to bring privately held stock of gold in circulation, to reduce the country’s reliance on import of gold and to provide its owners with some income apart from freeing them from the problems of storage, movement and security of gold in their possession, had … [Read more...]
Pradhan Mantri Suraksha Bima Yojana – FAQ
Q1. What is the nature of the scheme? The benefits are as follows: a. Rs. 2 Lakh Total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of hand or foot c. Rs. 1 Lakh … [Read more...]
Highlights of The Pradhan Mantri Jeevan Jyoti Bima Yojana
Eligibility: Available to people in the age group of 18 to 50 and having a bank account. People who join the scheme before completing 50 years can, however, continue to have the risk of life cover up to the age of 55 years subject to payment of premium.Premium: Rs.330 per … [Read more...]
Details of Pradhan Mantri Jeevan Jyoti Bima Yojana
DETAILS OF THE SCHEME: Scope of coverage: All savings bank account holders in the age 18 to 50 years in participating banks will be entitled to join. In case of multiple saving bank accounts held by an individual in one or different banks, the person would be eligible to join the scheme … [Read more...]
Pradhan Mantri Jeevan Jyoti Bima Yojana – FAQ
Q1. What is the nature of the scheme? Q2. What would be the benefits under the scheme and premium payable? Q3. How will the premium be paid? Members may also give one-time mandate for auto-debit every year till the scheme is in force, subject to re-calibration that may be deemed … [Read more...]
Rs.2 lakh sum insured in just Rs.12 per year, under Pradhan Mantri Suraksha Bima Yojana
DETAILS OF THE SCHEME: Scope of coverage: All savings bank account holders in the age 18 to 70 years in participating banks will be entitled to join. In case of multiple saving bank accounts held by an individual in one or different banks, the person would be eligible to join the scheme … [Read more...]