Preeti Kapoor

  SBI Kavach Personal Loan -  If you are struggling to get fund for COVID treatment, you can opt for SBI Kavach personal loan. SBI Kavach Personal Loan SBI Kavach Personal Loan with low-interest rate Purpose For Covid treatment of self or family member who is found Covid Positive on or after 01.04.2021     Who can avail the loan? This scheme is for salaried as well as non-salaried customers along with pensioners and their family members who have been found Covid-19 positive on or after April 1, 2021.   What is the minimum and maximum loan amount? 1.       The minimum   loan amount given for SBI Kavach is Rs 25,000 and the maximum amount is Rs 5 lakh, as per eligibility. 2.      Loan will be over and above the existing loans if any. What is the loan tenure? 1.      60 months (including moratorium of 3 months) 2.      Loan to be repaid in 57 EMIs, including interest charged during Moratorium. What is the interest rate offered? SBI is offering this loan to customers at 8.50% at pres

  Investing in Shares - In this blog, we will discuss the charges involved during trading & investment                                                   Investing in shares A person cannot go directly to the stock market to buy or sell shares. Buying and selling of stocks have to be done through brokers. There are various costs involved in such transactions. It is important to understand the same to arrive at the real cost of buying or selling. Brokerage This is the charge levied by the stockbroker for transactions carried out by the investor based on the value of the contract or the flat rate.   Securities transaction tax Securities Transaction Tax is a direct tax charged on the purchase and sale of securities that are listed on the recognized stock exchanges in India. STT rate is 0.1% of the transaction value for delivery-based equity share trades.   Stamp duty or GST Stamp duty is charged by the state government as the transaction involves the transfer of securities from one p

  Senior Citizens’ Saving Scheme (SCSS)    SCSS is a government-backed retirement savings program                          Senior Citizens’ Saving Scheme  What is the SCSS scheme? 1.         SCSS is a government-backed retirement savings program. Who can invest in the SCSS scheme? Senior citizens of India above 60 years or above Those who have opted for Voluntary Retirement Scheme (VRS) & are within the age bracket of 55-60 Retired defence personnel above 50 years & below 60 years of age What is the maximum & the minimum amount one can deposit under SCSS? The maximum amount you can invest in the SCSS account is Rs.15 lakh or the retirement corpus whichever is less. The account can be opened with a minimum amount of Rs.1000 What is the current interest rate? The current interest rate applicable to SCSS is 7.4%. This interest rate is applicable from 1 Jan2021 until 31 March 2021. Tax benefit under Sec 80C i

 CITY UNION BANK IS AHEAD OF PEERS City Union Bank has seen an improvement in its asset quality profiles. Its loans under full moratorium came down to 12% from 52% in the previous quarter. It shows that it has significantly performed better than its peers. This has made the company a favorite of analysts.  Strong management quality is another factor attracting analysts.