HDFC Life Sanchay Plus - Guaranteed Saving & Investment Plan

Financial reserves and monetary strength- both of these serve as core parameters for the future goals and responsibilities for any person. In this world of financial inclusion, every person needs to secure the future of her/his loved ones and dependent family members. While searching for credible investment options and beneficial modes of fund-growth, there are certain things that every one of us must bear in mind. One of the most important ones among these things is the need for having guaranteed returns on investment. There are several linked plans that may offer higher rates of return, but they come with market-linked risks. This limits the possibility of having assured benefits over time. Keeping the need for having a guaranteed-benefit plan in mind, HDFC Life presents HDFC Life Sanchay Plus – a non-linked plan that comes with guaranteed benefits directed towards ensuring that you and your loved ones have a safe and secure financial future at all times.

HDFC Life Sanchay Plus comes with following features:

1. Assured returns: The returns that you get are completely guaranteed and insulated from all kinds of market-risks.
2. Life-Long Income option: This feature entitles you to a guaranteed regular income till you attain the age of 99 years.
3. Long –Term Income option: This feature entitles you to a guaranteed regular income for a pre-decided and fixed term that ranges from 25 years to 30 years.
4. Return of Premium option: With Life-Long Income and Long Term Income options, there is an added clause for return of the paid premiums, once the payout period is over.
5. HDFC Life Sanchay Plus comes with several rider-options that offer additional benefits as supplements towards the main plan benefits.
6. This extensively beneficial plan also entitles the policy holder to receive enhanced benefits for policy-terms where the payable premium is more than Rs. 1.5 Lac in any financial year.

HDFC Life Sanchay Plus has been formulated to address the diverse investment needs that suit your requirements and hence, the base-plan comes with various formats that are listed below:

1. Guaranteed Maturity Option: This option allows for the provision of a lump-sum payout of the accrued benefits once the policy term gets matured.
2. Guaranteed Income Option: This option provides regular, periodic pay-outs to the policy holder for a fixed term (which may be 10 years to 12 years).
3. Guaranteed Life Long Income: This option entitles the policy holder to receive guaranteed payouts as regular income until she/he attains the age of 99 years.
4. Guaranteed Long-term income option: This option has the provision for ensuring a fixed income for the policy holder (and also the return of paid premiums) after the maturity of the policy term.

With this plan, the accrued benefit for the nominee(s) of the policy holder i.e. the payout in the form of death benefit is 10 times the premium paid by the policy holder in  one financial year or 105% of the total premiums paid by the policy holder, whichever is higher. The detailed terms and conditions of the sum assured vary from one option to another.

With HDFC Life Sanchay Plus, you get to create and retain a significant corpus at the time of plan maturity and with additional tax benefits under Sections 80C and 10D of the Income Tax Act. Thus, this plan makes your funds work for you and towards ensuring a stable and optimally guaranteed financial future for you and your loved ones. 

For details, contact on : +91 9974372131

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Wish You All A Very Happy New Year 2020

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PNB FIXED DEPOSITS INTEREST RATE

Fixed deposit interest rates will determine the fixed amount of money you will earn at the end of your FD tenure. The interest rates are affected by several factors including the type of fixed deposit scheme, the tenure of the deposit and the frequency at which the interest is earned.

The applicable FD interest rates are summarized below:

Rate change is effective from 22.10.2019

Regular Deposit upto ₹5 crore
Tenure (Months)	Cumulative Option* ROI (p.a.)		Non-Cumulative Option ROI  (p.a.)
	ROI (p.a.)	Tentative yield to maturity	Monthly	Quarterly	Half Yearly	Annual
12 – 23	8.05%	8.05%	7.75%	7.80%	7.85%	8.05%
24 – 35	8.10%	8.43%	7.80%	7.85%	7.90%	8.10%
36 – 47	8.20%	8.89%	7.90%	7.95%	8.00%	8.20%
48 – 59	8.35%	9.46%	8.05%	8.10%	8.15%	8.35%
60 -71	8.45%	10.00%	8.15%	8.20%	8.25%	8.45%
72 – 84	8.30%	10.23%	8.00%	8.05%	8.10%	8.30%
120	8.25%	12.09%	7.95%	8.00%	8.05%	8.25%

Special Deposit upto ₹5 crore
Tenure (Months)	Cumulative Option* ROI (p.a.)		Non-Cumulative Option ROI  (p.a.)
	ROI (p.a.)	Tentative yield to maturity	Monthly	Quarterly	Half Yearly	Annual
15	8.10%	8.21%	7.80%	7.85%	7.90%	8.10%
22	8.15%	8.41%	7.85%	7.90%	7.95%	8.15%
30	8.20%	8.73%	7.90%	7.95%	8.00%	8.20%
44	8.35%	9.33%	8.05%	8.10%	8.15%	8.35%

* For cumulative option, interest rate is compounded annually on March 31st
# The yield mentioned is calculated using the first month of each tenure grid.
*The above Rates of Interest are subject to change at the sole discretion of PNB Housing.
*PNB Housing offers a 0.25% higher interest rate for senior citizens.

Fixed deposit premature withdrawal & applicable Interest Rates

PNB Housing provides for the provision of premature cancellation of your Fixed deposit. There is a compulsory lock-in for 3 months, after which the fixed deposit can be withdrawn. However, the interest rate charged would be lower than the initial agreed about FD interest rate.

The interest rate for premature withdrawals, applicable:

• Made within six months from the date of deposit, interest paid is at 4% per annum.
• Made after six months, interest will be paid at 1% less than the FD interest rate applicable on public fixed deposit of the period for which the deposit was held.

• FAQ:

• Can I get monthly interest on PNB Housing Fixed Deposits?
  Yes, you can get monthly interest on a non-cumulative fixed deposit. PNB Housing offers the option of monthly, quarterly and annual payouts, allowing you to have a fixed source of income.
• What are the benefits of PNB Housing Fixed Deposits?
  PNB Housing Fixed Deposit carries an FAAA/negative rating from CRISIL. This indicates that the fixed deposits are among the safest investments you can make.
• Why should I invest in a Fixed Deposits?
  The FD rate of interest is not affected by market conditions which means they are one of the most secure investment tools. From the beginning, you are aware of the money you will receive at the end of the tenure.
• How many years will it take for the FD deposit amount to double?
  Let’s assume, If you are earning a post-tax interest of 8.70% per annum on your fixed deposits, the amount will double in 8.27 years. You can use the rule of 72 to estimate the time in which the FD will double. That is, time take for a fixed deposit to double is (72/post-tax FD interest rate per annum)

CONTACT US FOR DEPOSITS

Robin C Gohil - 9974372131

Chandrakant K Gohil - 9898399512

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PNB Housing’s Fixed Deposits rating by CRISIL which indicates highest level of safety.

FIXED DEPOSIT

A Fixed Deposit (FD) is a safe investment option through which you can earn a higher rate of interest in comparison to a regular savings account.

Why Choose Fixed Deposits?

Fixed deposits are one of the safest investment options. When choosing a PNB Housing fixed deposit account, you get many advantages:

• High safety assurance: PNB Housing’s fixed deposits have been given the FAAA/Negative rating by CRISIL which indicates highest level of safety.
• Higher interest rate for senior citizens: PNB Housing offers a 0.25% higher fd interest rates for senior citizens.
• Nomination: Nomination facility is available on all PNB Housing fixed deposits as per guidelines provided by the National Housing Bank. In the case of a depositor’s unfortunate demise, the repayment of the deposit and payment of any interest would be made to the nominee; without reference to either heirs or legal representatives of the deceased.
• Auto renewal/Auto Maturity Process: Auto renewal of fixed deposit alongside easy process of maturity withdrawal is available for the customer.
• Dedicated Service Managers and Widespread Network: With over 100 branches across 35 cities in India, PNB housing wide spread network is easy to reach out to. We have dedicated customer service managers who will help out in resolving all the customer queries.
• Door Step Services: PNB Housing offers doorstep services for fixed deposit customer. PNB housing representatives will meet the customer & pick up the application from customer premises.
• Premature Withdrawal: You have the option of premature withdrawal from your fixed deposit account anytime after three months from the date of deposit. An interest at 4% per annum will be paid to individuals who make a premature withdrawal within six months from the date of deposit. For premature withdrawals made after six months, an interest rate 1% lower than applicable on public fixed deposit for the period for which the deposit has run is offered.
• TDS deduction: No TDS is deducted at source on interest earned on fixed deposits up to₹ 5,000 in a given financial year.
• Loan facility: A loan against fixed deposits is available for up to 75% of the total principal deposit. This loan attracts an interest rate of 2% higher than the maximum fixed deposit interest rate.
• Acceptance of deposit is subject to the terms and conditions as contained in the application form.

Acceptance of deposit is subject to the terms and conditions as contained in the application form.

How to get started with your Fixed Deposit?

To open a fixed deposit with PNB Housing:

1. Call on the “contact us for deposits” button below
2. Provide your contact details and the amount you would like to deposit
3. Invest & Harvest would get in touch with you to collect the documents, with-in next 48 hours your fixed deposit will be booked with PNB housing finance.

You can also submit the duly filled application form with age and address proof and the deposit amount at any of the PNB Housing branches.

Types of Fixed Deposit:

1. Cumulative Deposit: the interest earned is credited to the fixed deposit annually, and is paid out at the time of maturity along with the principal. It helps you build a corpus as the interest gets compounded annually. We accept a minimum deposit of₹10,000 for cumulative deposits.
2. Non-cumulative Deposit: the interest earned is paid out to the depositor at an agreed-upon frequency. The frequency of the payment can be monthly, quarterly, half-yearly or annual. The regular interest payments can be used to meet your daily expenses.

PNB Housing accept a minimum deposit of₹ 25,000 for monthly income schemes.

For all other schemes, a minimum deposit of₹ 10,000 is applicable.

Joint Fixed Deposit – Adding Co-applicants in deposits:

1. You can open a joint fixed deposit account with a maximum of three joint holders.
2. The interest for non-cumulative deposits will be paid to the first named applicant, and the discharge given by them will be binding on the joint holders. In case of cumulative deposits, the interest is deemed to be accrued in the name of first applicant.
3. The repayment at maturity would be done as per the instructions provided in the FD application form.

Non-Resident Indians (NRIs) Fixed Deposit:

1. A maximum tenure of three years is available for NRI fixed deposits.
2. Repayment of the amount and payment of any interest earned will be done through a credit to the depositor’s NRO account.
3. As per the RBI regulations, PNB Housing accept fixed deposits from NRIs and Persons of Indian Origin on a non-repatriation basis i.e. the interest earned and the principal cannot be transferred back to the country of residence or converted to foreign currency.
4. Tax will be deducted at source, as applicable.

PNB Housing Corporate Deposit:

PNB Housing offers a Corporate Deposit scheme for Body Corporates, Private/Public Limited Companies, Corporations, Statutory Board, Local Authorities, and other Banks & Financial Institutions. The key features of our corporate deposit are:

1. A minimum deposit of Rs 10 lakhs with no maximum limit
2. You can make a deposit in the form of an account payee cheque drawn in the favour of PNB Housing Finance Limited.
3. The payment can also be made through RTGS; after intimation from the depositor. Please note that the intimation must reach PNB Housing by 11.00 am on any working day for interest to accrue from that date.
4. Interest on non-cumulative fixed deposits will be paid according to the below schedule:

Scheme	Interest Payment Date
Monthly Income Plan	Last day of Each Month
Quarterly Income Plan	June 30th, September 30th, December 31st, and March 31st.
Half Yearly Plan	December 30th and March 31st
Annual Plan	March 31st

If the first interest due date falls within a week from the deposit date, then the interest for the first broken period will be paid in the next interest cycle. If any of the above dates fall on a Sunday or a holiday, the interest will be paid on the next working day.

1. Interest on cumulative deposits will be compounded annually on March 31st after deducting any applicable tax.
2. For premature withdrawal, closure request should be raised at least 7 days in advance.

FAQs:

What is a Company Fixed Deposit?

A Company or Corporate Fixed Deposit is safe investment option provided for corporate customers. Under this scheme, a minimum deposit accepted is₹10 lakh.

How can I invest in FD?

You can make the payment through a cheque, net banking or Cheque management system (CMS).

What is the minimum period for PNB Housing Fixed Deposit?

The minimum period for PNB Housing Fixed Deposit is twelve months.

What is the Interest Rate of FD in PNB Housing?

The FD interest rate varies with the tenure and the type of deposit selected. The latest applicable interest rates can be found at Fixed Deposit Interest Rates.

What documents are required to open Fixed Deposit?

Basic KYC documents like PAN and Aadhaar are needed to open a fixed deposit with PNB Housing.

How to avoid TDS on Fixed Deposits?

TDS will not be deducted if the interest earned is less than or equal to₹5,000 in a given financial year.

Is PNB Housing Fixed Deposit covered under 80C?

No, only Tax Saving FDs provided by banks can be used for tax deduction under Section 80C. There is a lock- in for 5 years in such tax saving fixed deposits

Who can invest in fixed deposit schemes?

Any individual, HUF or Corporate can invest in a fixed deposit scheme.

CONTACT US FOR DEPOSITS

Robin C Gohil - 9974372131

Chandrakant K Gohil - 9898399512

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Bank fixed deposit (FD) rates of 9%, 9.5% (senior citizens). Check rates here

• Bank fixed deposit is considered one of the safest investment method
• All banks offer higher interest rate to senior citizens

Topics

Fixed depositBank FD

There are many banks that offer interest rates ranging from 8% to 9.5% on fixed deposits (FDs). Term deposits or FDs are considered ideal for those who are looking at high liquidity, and cannot stomach much risk. Top lenders like State Bank of India (SBI), ICICI, HDFC Bank, Axis Bank and others offer FDs ranging from 7 days to 10 years. Some Small Finance Banks are offering more than 8.5% interest to general customers, and more than 9% to senior citizen across select maturities.

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HDFC Mutual Fund - Balanced Fund

✅ Steady SIP Returns of

*HDFC Balanced Advantage Fund*

SIP Returns as on 30th Nov 2019 for Rs 10,000/- SIP.

📌 5 yrs 8.30% Rs 6 lakh invested became Rs 7.39 lakh

📌 7 yrs 11.26% Rs. 8.40 lakh invested became Rs. 12.53 lakh

📌 10 yrs 11.76% Rs 12 lakh invested became Rs. 22.10 lakh

📌 15 yrs 13.81% Rs 18 lakh invested became Rs. 55.60 lakh

📌 Since inception 18.89% Rs 31.00 lakh invested became Rs. 6.03 Crore

Mutual Investments are subject market risk, please read all scheme related documents.

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Market Update

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Upcoming IPOs in 2020 – 10 most interesting IPOs lined up

As 2019 comes to an end, it is time to look at the next year. Looking at the list of upcoming IPOs in 2020, it is likely to be a much better and rewarding year for IPO investors than 2019. While 2019 had some notable performances in IRCTC and IndiaMART InterMESH, the year was a dull affair compared to the previous years (check past performances here). However, upcoming IPOs in 2020 offer better money-making opportunities with several big names having already filed draft prospectuses. Here is a quick look:

#1 Equitas Small Finance Bank IPO

The microfinance company was earlier seeking regulatory approvals to list the subsidiary without an IPO and thus, had suggested a reverse merger proposal which was turned down by RBI. Following the RBI dictat, Equitas Holdings has said to list Equitas SFB by March 2020. The company has already filed draft prospectus and is now awaiting SEBI nod.

#2 UTI AMC IPO

UTI AMC is also likely to feature among the biggest IPOs in 2020. The company aims to mobilize more than INR3,000 crore through the IPO which will involve share sale by each of its shareholders – T Rowe Price, State Bank of India (SBI), Life Insurance Corporation (LIC), Bank of Baroda (BOB) and Punjab National Bank (PNB).

UTI AMC has already filed draft prospectus with SEBI in this regard and its listing is likely in the first-half of 2020.

#3 Burger King India IPO

The master franchise of Burger King brand in India has completed 5 years of operations and is now looking to tap the primary market for further funding. The company is backed by Everstone Capital which will be offloading some of its shares through the IPO. According to the draft prospectus, the company’s operations continue to remain in red. Nevertheless, the company is quite close to achieving profitability and the stellar performance of its peer Jubilant FoodWorks on the bourses make it an interesting IPO to watch out for.

#4 SBI Cards IPO

SBI Cards & Payments will be easily the biggest public stock offering of the year and will actually go on to be among the largest IPOs so far. The company is the second largest credit card player in India’s booming market where credit card penetration is just 3%. This gives a long runway to SBI cards (as well as other players) for uninterrupted growth and going by the double-digit profitability track so far, it is not really surprising that it is actively traded in grey market. This is clearly among the most promising upcoming IPOs in 2020.

#5 HDB Financial Services IPO

This will be another high profile IPO from HDFC group. The HDFC Bank subsidiary deals in various kind of loans except home loans. Given the impeccable quality and corporate governance of the group, it is quite natural to see that the previous two IPOs of HDFC AMC and HDFC Standard Life Insurance were big hits.

Nevertheless, there are more reasons to like HDB Financial. The company earned a profit of INR1,153 crore in FY2019, up from INR933 crore in the previous year. Its revenues also jumped 24% to INR8,724 crore in FY2019. HDB Financial has ventured into consumer durable financing and digital products loans after expanding presence in commercial vehicle and construction equipment financing and business loans.

#6 Mazagon Dock Shipbuilders IPO

As the bumper listings of IRCTC and Rail Vikas Nigam IPOs indicate, 2019 was a good year for investors in PSU IPOs. If early indications are to be believed, the next year is also likely to be a positive one for IPO investors and Mazagon Dock Shipbuilders could play a big role in this.

The Mumbai-based company is engaged in the construction and repair of warships and submarines for the Ministry Of Defence for use by the Indian Navy and other vessels for commercial clients. Mazagon Dock Shipbuilders was conferred with the ‘Mini-ratna-I’ status in 2006. The company received SEBI approval in December 2019.

Following the tepid demand and poor listing of Garden Reach Shipbuilders, the IPO of Mazagon Dock Shipbuilders got on the backburner. However, there is renewed interest in listing the company now as the markets are looking up.

#7 National Stock Exchange (NSE) IPO

NSE is a relatively old contender for stock market listing; however, little progress was made in the last three years as the listing efforts got entangled in deliberations in regulatory aspects. More recently, management attention of the exchange got caught in the collocation scam which also resulted in a six-month ban on NSE from accessing the capital markets. With the ban coming to an end, the exchange has reached out to finance ministry and SEBI for their opinion on a potential listing.

There is no telling that the IPO will take place in 2020 for sure, but it will be easily among the biggest and most rewarding upcoming IPOs in 2020, provided the pricing is kept reasonable. NSE is reportedly eyeing valuation of INR45,000 crore which means even a 20% float will make IPO size of INR9,000 crore.

#8 IREDA IPO

IREDA is another PSU high on the priority list of Department of Investment and Public Asset Management (DIPAM). The company filed draft prospectus in July 2019 and received SEBI approval in September 2019. The company – a key financier of green energy projects – had sought stock market listing in July 2018 and had received regulatory clearances as well. However, it had shelved plans due to poor market conditions. This time, it is likely to raise INR 700-750 crore from the IPO.

#9 RailTel IPO

RailTel will be another IPO from Indian railways after the successful listings of RITES, IRCON, Rail Vikas Nigam, and IRCTC in last couple of years. The miniratna PSU provides broadband telecom and multimedia network across the country and is among the leading telecom infrastructure providers owning to its optic fiber network on exclusive Right of Way (RoW) along railway tracks. This upcoming IPOs in 2020 will involve sale of up to 25% of the government’s shareholding which is currently the sole owner of the company.

#10 EaseMyTrip IPO

The online travel website’s parent Easy Trip Planners is looking to mobilize up to INR510 crore through this upcoming IPO. The company has already filed draft prospectus with SEBI and is now awaiting regulatory approval for the IPO. Established by siblings Nishant Pitti and Rikant Pitti in 2008, the firm competes with the likes of MakeMyTrip, ClearTrip and Yatra. However, it differentiates itself from its peers by focusing on travel agents and corporate clients.

This list of upcoming IPOs in 2020 is based on the information available in public domain so far and is far from an exhaustive list. In all likelihood, the count of IPOs in 2020 will exceed the paltry number of 17 public offers made in 2019. Some of these IPOs will be driven by regulations and banking sector is one such packet. Apart from Equitas Small Finance Bank, there are expected to two more IPOs of small finance banks. These are Suryoday Small Finance Bank and Fincare Small Finance Bank. Going by the positive listing of Ujjivan SFB, expectations will be high from these banking IPOs as well.

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