About Us

Hello Readers

I am Suresh KP from Hyderabad (India). I have done by Bachelor of Commerce (B.Com) from Osmania University and then MBA-Finance from Symbiosis University, Pune. I have started blogging since 2011. I have over 20 years of experience in analysing various investment options and money saving ideas. I love doing financial planning, Mutual Fund Analysis, Searching long term Stocks for wealth creation, IPOs, reviewing Insurance Products, analysing Health insurance Plans etc.

What is the purpose of creating this blog?

I have created this blog in 2012.

Main objective of creating this blog: I do 9-6 job, however out of my passion, I created this blog. My main purpose of creating this blog is to make money.

Second Main objective of creating this blog: The other main objective of creating this blog is to create awareness among the investor community. I was always passionate about various investment options in India. Earlier, many of my friends and colleagues used to ask about various best investment options, Tips on saving money and how to save money in some of the best investment plans. I used to guiding them several times. Sometimes I felt, that there might be thousands of people who might be struggling to understand the investment options available right in front of them. I thought of sharing my experiences, knowledge, Investment Ideas etc., so that they would also benefit.

While I am making every effort to be accurate when doing analysis, there can be errors in blog articles without my knowledge. In case you find any of such errors or issues in the blogs, please mail me immediately at suresh@myinvestmentideas.com so that I can correct it then and there.You can also share your view under comments of respective articles.

Thanks for your support.

Suresh

Myinvestmentideas.com

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The Author

Suresh

77 Comments

  1.  SURESH  JI   MY QUE IS (1) I WANT TO KNOW THAT WHERE I INVEST 15000 PER MONTH EITHER IN TAKE FD PER MONTH OR UCO RDUSS RD AC. ,  QUE (2) IN UCO RDUSS RD AC INTEREST  TDS DEDUCTED OR NOT .

    1. Bikash 1) Bank FD is one time and earns interest of 8% to 9% per annum. UCO RDUSS is recurring deposit account. You can get 8.7% per annum. Other bank RD also offering similar interest rates 2) Banks would deduct TDS of 10% if you submit PAN Card or else 20% without PAN card. Same rule applies for UCO RD account.

  2. Hello suresh ji, I am in govt job , my  monthly salary is 40000 pm,  . I have 5 mutual fund sip ( 1000  rs per sip pm )  excluding this sip   i save 15000 to  20000 per month from my salary . I want to know that this saving amount ( 15000 to 20000 ) should i invest either  in FD every month or invest in uco rduss rd ac. I am in tax bracket also , so in view of TDS AND RETURN in both which is better for me  .  what will impact in return in FD PER MONTH AND INVEST PER MONTH SAME AMOUNT IN UCO RDUSS RD AC. thank u

    1. Bikash, If you are looking for tax saving options, invest in Tax saving FD. You can choose a bank where you have bank account and with higher interest rate. FD is one time investment and RD is recurring monthly investment.

  3. Hello Mr.Suresh,

    First of all I would like to thank you for your informative articles. Please continue to write such articles.

    I was going thru the following article:

    https://myinvestmentideas.com/2013/02/income-tax-on-fixed-deposit-interest-can-we-save-or-avoid-tax/#comments

    I could not post my question in that article and hence I am posting it here. As per point 3 in the above article:

    Submission of form 15G: In case the investment is done in the name of a spouse whose total income including the interest income is not exceeding the total taxable income, then your spouse can submit Form 15G to bank so that bank would not deduct TDS.

    Sir, I am in 30% slab and any fixed deposit in my name is incurring 30% tax on the interest. My wife is a home maker and has a bank account. Can I invest my savings as fixed deposits in my wife's name so that she can submit form 15G and TDS is not deducted? Is this legal and I would not have any problems in the future? How much can she have as fixed deposits in her account so that she need not file income tax returns?

    Please advise me as elaborately as possible on this. Thanks in advance.

    Regards

    Sai

    1. Hi Sai, There were several queries on this line item. If you wife do not have any other income, the income from such FD interest would be treated as your income and you would be clubbed with your income and income tax would be applicable based on that. You can submit Form 15G provided you can prove that the amount what your wife has invested is her own income and hence she is getting interest on that. You can consider taking PAN card on her name and file returns if the interest income is exceeding Rs 2 L (income tax benefit of Rs 2 L is available) and pay necessary tax on that.

      1. Hello Mr.Suresh,

        Thank you very much for your response. Sorry to bother you again.

        My wife has PAN…so what I understand is if the interest from the fixed deposits in her account exceeds 2 lakh then she has to pay tax.So Form 15G should not be given for the fixed deposits which exceed that limit…right?

        Thanks

        Sai

        1. Sai, You got me wrong. I would provide in much detailed manner. 1) If your wife has PAN card, give the info to bank and fill the form-15G. based on interest income, they may not deduct TDS. However, if you can prove that this amount is her own amount and deposited as FD, you can check Rs 2L exemption limit and if it is not taxable income, you can leave it. If you cannot prove, the interest income would be clubbed with your income and income tax needs to be paid based on your income tax slab.

          1. Hello Mr.Suresh,

            Thanks for the clarification.

            Regards,

            Sai.

  4.    HELLO SURESH JE  , MAI HAR MAHINE 35000 SE 55000 SAVING KARTA HOO, ISE SHARE BAZAR ME NAHI LAGANA CHAHTA HOO, ISE HAR MAHINE BANK FD KARU YA UCO RDUSS RD AC ME JAMA KARU, TAX SLAB ME HOO ISLIYE TDS KO BHI DEKHTE HUA KINDLY MUJHE DONO ME BETTER KAUN HAI  KINDLY BATAYE

    1. Bikash, it would be better to provide the details in english, so that I can provide necessary guidance.

  5. Hello Suresh

    I gained a lot of insight reading through the various articles. Thanks for the hard work to blog out all info/data required for people who have various questions on how to manage personal finances. :))

    Thanks

    SJ

     

     

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