Uncategorized - Dividend Screen https://www.dividendscreen.com/category/uncategorized/ Dividend Screen Provides the details of highest dividend paying stocks in india dividend declared dividend Screener Dividend yield stocks Dividend Stocks News Wed, 07 Aug 2024 07:00:25 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://www.dividendscreen.com/wp-content/uploads/2021/11/cropped-icon-32x32.png Uncategorized - Dividend Screen https://www.dividendscreen.com/category/uncategorized/ 32 32 Senior Citizens Savings Scheme https://www.dividendscreen.com/senior-citizens-savings-scheme/ https://www.dividendscreen.com/senior-citizens-savings-scheme/#respond Wed, 07 Aug 2024 07:00:25 +0000 https://www.dividendscreen.com/?p=2695 Senior Citizens Savings Scheme Introduction to the Senior Citizens Savings Scheme, The Senior Citizens Savings Scheme (SCSS) is a government-supported savings plan in India, introduced in 2004, specifically for retirees. It’s designed to ensure a reliable and secure income for seniors during their retirement. As more people near retirement seek stable financial solutions, the SCSS...

The post Senior Citizens Savings Scheme appeared first on Dividend Screen.

]]>

Senior Citizens Savings Scheme

Introduction to the Senior Citizens Savings Scheme,

The Senior Citizens Savings Scheme (SCSS) is a government-supported savings plan in India, introduced in 2004, specifically for retirees. It’s designed to ensure a reliable and secure income for seniors during their retirement.

As more people near retirement seek stable financial solutions, the SCSS has become a popular choice. It combines safety, appealing interest rates, and tax benefits, making it a low-risk investment. This ensures a steady return, helping retirees manage their finances and enjoy a comfortable lifestyle.

What is SCSS?

The Senior Citizens Savings Scheme (SCSS) is a financial program introduced by the Indian government specifically for individuals aged 60 and above. This scheme has been designed to offer a secure investment option, with appealing interest rates and benefits tailored to retirees. As a result, the unique financial needs of senior citizens are addressed, and both safety and attractive returns on investments are ensured.

Key Features of SCSS

Eligibility:

  • The Senior Citizens Savings Scheme (SCSS) is primarily open to Indian citizens who are 60 years of age or older.
  • Additionally, individuals between the ages of 55 and 60 who have retired under a Voluntary Retirement Scheme (VRS) or through superannuation are also eligible.
  • However, they must invest within one month of receiving their retirement benefits to qualify.

Interest Rate:

  • The Senior Citizens Savings Scheme (SCSS) generally offers a higher interest rate compared to many other savings options.
  • Currently, the rate is set at 8.0% per annum.
  • Nevertheless, it’s important to remember that this rate may be revised periodically by the government in response to economic conditions and policy adjustments.
  • Therefore, to obtain the most up-to-date information, it’s advisable to consult a local bank or post office, or check the latest official government notifications.

Investment Limit:

  • The Senior Citizens Savings Scheme (SCSS) has an investment limit set at ₹30 lakhs per individual.
  • This cap includes the total amount invested across all SCSS accounts held by the person.

Tenure:

  • The Senior Citizens Savings Scheme (SCSS) initially has a tenure of 5 years.
  • Nevertheless, you have the opportunity to extend this period by an extra 3 years once the initial term ends.

Interest Payment:

  • Interest payments for the Senior Citizens Savings Scheme (SCSS) are issued on a quarterly basis.
  • Consequently, the interest accrued from the investment is credited to the account every three months, thus ensuring a regular flow of income for account holders.

Tax Benifit:

  • The Senior Citizens Savings Scheme (SCSS) provides tax benefits under Section 80C of the Income Tax Act.
  • In particular, contributions to the SCSS are eligible for tax deductions up to the limit set for tax-saving investments.
  • However, it is essential to remember that, while contributions enjoy these tax benefits, the interest earned on the SCSS is taxable and must be included in the account holder’s income when calculating taxes.

Safety:

  • The Senior Citizens Savings Scheme (SCSS) is widely regarded as a highly secure investment option.
  • Since it is backed by the Government of India, both the principal amount and the interest are guaranteed.
  • Consequently, this government backing significantly reduces the risk of default, making the SCSS a dependable choice for safeguarding and growing savings for senior citizens.

Premature Withdrawal:

  • Premature withdrawal from the (SCSS) is allowed under specific conditions.
  • If you choose to withdraw funds before completing one year, a penalty of 1.5% of the deposit amount will be charged.
  • For withdrawals made between one and two years, the penalty is reduced to 1%.
  • However, if you withdraw after two years, the penalty continues to be 1%.
  • Therefore, it’s crucial to consider these penalties when thinking about early withdrawal from the scheme.

Account Operations:

  • Managing an account under the (SCSS) is made quite simple.
  • To begin, an account can be opened at any designated post office or bank offering the scheme.
  • Although multiple SCSS accounts may be held by individuals, it must be remembered that the total investment across all accounts cannot exceed the maximum limit.
  • Additionally, a nomination facility is provided by the scheme, allowing a beneficiary to be designated for the account.
  • Consequently, regular updates and transactions can be managed through the bank or post office where the account is maintained.

Nomination Facility:

  • A nomination facility is offered by the (SCSS), allowing a beneficiary to be appointed for the account.
  • Consequently, in the event of the account holder’s passing, the funds in the SCSS account will be directly transferred to the designated nominee.
  • To add or update a nominee, the required information should be provided at the bank or post office where the account is maintained.
  • This facility ensures that the funds in the account are distributed according to the account holder’s preferences, thereby providing added peace of mind.

Conclusion,

To sum up, the Senior Citizens Savings Scheme (SCSS) is a highly beneficial financial option for retirees in India. It combines safety, competitive interest rates, and tax benefits, making it a reliable source of income for seniors. Thanks to its low-risk profile and government support, the SCSS enables retirees to manage their finances effectively, helping them enjoy a secure and stress-free retirement

ELSS savings scheme in detail

More About.,

 

The post Senior Citizens Savings Scheme appeared first on Dividend Screen.

]]> https://www.dividendscreen.com/senior-citizens-savings-scheme/feed/ 0 Post Office Monthly Income Scheme https://www.dividendscreen.com/post-office-monthly-income-scheme/ https://www.dividendscreen.com/post-office-monthly-income-scheme/#respond Wed, 07 Aug 2024 06:53:54 +0000 https://www.dividendscreen.com/?p=2694 What is Post Office Monthly Income Scheme(POMIS)? This document focuses on the Post Office Monthly income Scheme. One of several attractive saving options offered by the Post Office. Alongside the Post Office Saving Account(POSA), Post Office Recurring Deposit(RD), and Post Office Time Deposit(TD), POMIS stands out for its competitive interest rate of 7.4%. As the...

The post Post Office Monthly Income Scheme appeared first on Dividend Screen.

]]> What is Post Office Monthly Income Scheme(POMIS)?

This document focuses on the Post Office Monthly income Scheme. One of several attractive saving options offered by the Post Office. Alongside the Post Office Saving Account(POSA), Post Office Recurring Deposit(RD), and Post Office Time Deposit(TD), POMIS stands out for its competitive interest rate of 7.4%. As the name implies, POMIS offers a unique advantage – monthly interest payouts. his feature provides a predictable source of income, potentially enhancing your financial planning. Additionally, like all post office schemes, POMIS benefits from the backing and security of the Ministry of Finance, ensuring a reliable and trustworthy investments.

Post Office Monthly Saving Income Scheme

Benefits:

  • Regular Income
  • Safety
  • Fixed Interest Rate
  • Low Minimum Investment
  • Tax Benefits
  • Joint Accounts

PMIS details:

Account Type Maximum Investment
Single Rs. 9 Lakhs
Joint Account Rs. 15 Lakhs

Eligibility:

  • Indian citizenship.
  • A guardian is permitted to open an account on behalf of a minor or a person of unsound mind.
  • Minors aged 10 years and above have the eligibility to open an account in their own name.

PMIS Interest Rates:

The Post Office Monthly Income Scheme offers a competitive interest rate of 7.4% per annum, compounded monthly for 2024. See the table below for historical POMIS interest rates.

Interest Calculation:

Description Case 1 Case 2 Case 3
Account Type Individual Joint Minor
Invested Amount 4,50,000 9,00,000 3,00,000
Interest Rate 6.60% 6.60% 6.60%
Lock-in Period (yrs) 5 5 5
Monthly Income 2,475 4,950 1,650

How to Apply for POMIS:

  • Visit a Post Office Branch
  • Fill out the Application Form
  • Submit Documents
  • Such as a government-issued ID (Aadhaar card, Driving license, Passport)
  • Proof of Address – Utility bills, rental agreements
  • Recent Passport-sized photo
  • PAN Card for tax purposes.

Details of Mahila Samman Saving Certificate

MORE DETAILS CLICK HERE

The post Post Office Monthly Income Scheme appeared first on Dividend Screen.

]]> https://www.dividendscreen.com/post-office-monthly-income-scheme/feed/ 0 Details of Mahila Samman Savings Certificate https://www.dividendscreen.com/details-of-mahila-samman-savings-certificate/ https://www.dividendscreen.com/details-of-mahila-samman-savings-certificate/#respond Tue, 06 Aug 2024 05:49:39 +0000 https://www.dividendscreen.com/?p=2648 Introduction The Mahila Samman Savings Certificate is a one-time scheme available for two years, from April 2023-March 2025. It will offer a maximum deposit facility of up to Rs. 2 lakh in the name of women or girls for two years at a fixed interest rate. Stocks, Real Estate, Crypto – Smart Financial Moves! Mahila...

The post Details of Mahila Samman Savings Certificate appeared first on Dividend Screen.

]]> Introduction

The Mahila Samman Savings Certificate is a one-time scheme available for two years, from April 2023-March 2025. It will offer a maximum deposit facility of up to Rs. 2 lakh in the name of women or girls for two years at a fixed interest rate. Stocks, Real Estate, Crypto – Smart Financial Moves!

Mahila samman Saving Certificate Main facts

Launch date:    Budget 2023-2024

Launched by:   Finance Minister Nirmala Sitharaman

Who can apply:   Girls & Women

Minimum Deposit amount:  10,000

Maximum Deposit amount:  2,00,000

Interest rate:  7.5%

Maturity Period:   March 31,  2022

Partial withdraw:   Allowed

Partial withdraw limited:   Up to 40% of balance of one year

Tax benefit Under Section 80C:   No

Tax under the head:   Income from Other Source

Mahila Samman Saving Certificte(MSSC)

Government-Backed Scheme

Mahila Samman Savings Certificate scheme is a small savings scheme backed by the government. Hence,it does not have any credit risk.

Eligibility

The Mahila samman saving Certificate can be done only in the name of a girls child or women. A woman or the guardian of minor girl child can open a Mahila Samman Saving Certificate scheme.

Validity

The scheme is valid for a two-year period from April 2023to March 2025. It will expire on March 31,2025 . After this Period, you cannot invest in this scheme.

Deposit limited

The minimum deposit amount under the Mahila Samman Savings Certificate is Rs.1,000 in multiples of rupees one hundred. The maximum deposit amount is Rs.2 lakh in one account or all Mahila Samman Savings Certificate accounts held by an account holder. A woman or guardian of a girl child can open a second Mahila Samman Savings Certificate account after a minimum gap of three months from the opening of the existing account.

Interest Rate

This scheme has a fixed interest rate of 7.5% p.a., much highter than most bank Fixed Deposits(FDS) and other popular small saving schemes. The interest will be credited quarterly and paid at the time of closure of the account.

withdrawal

A partial withdrawal facility is provided under the Mahila Samman Saving Certificate scheme. The account holder can withdraw up to 40% of the account balance after one year from the account opening date.

Tax Benefits:

The principal amount invested in MSSC does not qualify for tax deductions under Section 80C of the Income Tax Act, unlike some other savings schemes such as Public Provident Fund (PPF) or National Savings Certificates (NSC).

How to open Mahila Samman Saving Certificate account?

Step-1:   Visit the nearest pot-office branch
Step-2:   Ask for the account opening form(Form I).
Step-3:   Fill the form provide relevant KYC documents like Aadhaar card, PAN, address proof etc,.

Alternatively, you can find and download this form online on the India Post offcial portal under ‘Application for purchasing the certificate’. Take a printout, fill it and then go to the post office.
Step-4:   Submit Form-I on or before March 31,2025.
Step-5:   Deposit the money by cash or cheque.
Step-6:   The post office will issue you a certificate after all is done.

More Details for Mahila Samman Saving Certificate

 

The post Details of Mahila Samman Savings Certificate appeared first on Dividend Screen.

]]> https://www.dividendscreen.com/details-of-mahila-samman-savings-certificate/feed/ 0 Best Dividend Sharing Textiles companies https://www.dividendscreen.com/best-dividend-sharing-textiles-companies/ https://www.dividendscreen.com/best-dividend-sharing-textiles-companies/#respond Fri, 01 Dec 2023 11:22:31 +0000 https://www.dividendscreen.com/?p=1624   Best Dividend sharing Textiles companies in India, Best Textiles shares to buy in 2023, Textiles industries shares rate Here is Sample List of Best Dividend Sharing Textiles companies Welspun India Limited Introduction Welspun India Limited is an Indian company that produces of terrycloth and home furnishings. In 1995, the company changed its name from...

The post Best Dividend Sharing Textiles companies appeared first on Dividend Screen.

]]>  

Best Dividend sharing Textiles companies in India, Best Textiles shares to buy in 2023, Textiles industries shares rate

Here is Sample List of Best Dividend Sharing Textiles companies

Welspun India Limited

Introduction

Welspun India Limited is an Indian company that produces of terrycloth and home furnishings. In 1995, the company changed its name from Welspun Polyesters Ltd. to Welspun India Ltd.

 

Year 2023
Dividend (%) 10
Dividend type Final
Face Value 1.00
Dividend Amount (Rs) 0.10
Ex. Date 27.04.2023

 

Investor Calculation

No of shares Dividend Amount / shares (Rs) Total Amount (Rs)
100 0.10 1
1000 0.10 10

 

Trident Limited

Introduction

 

Trident Limited is an India-based company, which is engaged in manufacturing, trading, and selling Textiles (Yarn, Terry Towels & Bedsheets) and Paper & Chemicals. The Company operates through two segments: Textiles and Paper and Chemical.

 

 

 

Year 2023
Dividend (%) 36
Dividend type Interim
Face Value 1.00
Dividend Amount (Rs) 0.36
Ex. Date 15.5.2023

 

Investor Calculation

No of shares Dividend Amount / shares (Rs) Total Amount (Rs)
100 0.36 36
1000 0.36 360

 

 

 

Lux Industries Limited

Introduction

Lux industries, previously known as Biswanath Hosiery Mills, is an Indian underwear company headquartered in Kolkata, West Bengal, India. Its offerings include various kinds of hosiery products for men, women and children.

 

Year 2023
Dividend (%) 250
Dividend type Final
Face Value 2.00
Dividend Amount (Rs) 5.00
Ex. Date 30.5.2023

 

Investor Calculation

No of shares Dividend Amount / shares (Rs) Total Amount (Rs)
100 5 500
1000 5 5000

 

 

Garware Technical Fibres Limited

Introduction

Established in 1976, the company today is a multi-divisional, multi-geographical technical textiles company and is known for providing world class innovative solutions in high performance aquaculture cage nets, fishing nets, sports nets, safety nets, agricultural nets, coated fabrics, polymer ropes and geosynthetics.

 

Year 2023
Dividend (%) 35
Dividend type Final
Face Value 10
Dividend Amount (Rs) 3.5
Ex. Date 22.5.2023

 

Investor Calculation

No of shares Dividend Amount / shares (Rs) Total Amount (Rs)
100 3.5 350
1000 3.5 3500

 

Raymond Limited

Introduction

Raymond Ltd is largest integrated manufacturer of fabric in the world based in Mumbai, Maharashtra. It has over 60% market share in suiting in India. It is also India’s biggest woolen fabric maker.

 

Year 2023
Dividend (%) 30
Dividend type Final
Face Value 10
Dividend Amount (Rs) 3
Ex. Date 9.5.2023

 

Investor Calculation

No of shares Dividend Amount / shares (Rs) Total Amount (Rs)
100 3 300
1000 3 3000

 

 

For more Details

Dividend Calculator

 

 

 

The post Best Dividend Sharing Textiles companies appeared first on Dividend Screen.

]]> https://www.dividendscreen.com/best-dividend-sharing-textiles-companies/feed/ 0 Rashtriya Chemicals & fertilizers Dividend Rs.3.70 per share https://www.dividendscreen.com/rashtriya-chemicals-fertilizers-dividend-rs-3-70-per-share/ https://www.dividendscreen.com/rashtriya-chemicals-fertilizers-dividend-rs-3-70-per-share/#respond Thu, 30 Nov 2023 12:20:54 +0000 https://www.dividendscreen.com/?p=1619 Rashtriya Chemicals and Fertilizers Ltd   News: Rashtriya Chemicals & fertilizers Dividend Rs.3.70 per share (37%) of face value of Rs. 10 each on equity shares of the Company has been recommended by the Board of Directors.   Rashtriya Chemicals & Fertilizers in its letter has informed the exchanges that it has fixed 30-05-2023 as...

The post Rashtriya Chemicals & fertilizers Dividend Rs.3.70 per share appeared first on Dividend Screen.

]]> Rashtriya Chemicals and Fertilizers Ltd

 

News:

Rashtriya Chemicals & fertilizers Dividend Rs.3.70 per share (37%) of face value of Rs. 10 each on equity shares of the Company has been recommended by the Board of Directors.

 

Rashtriya Chemicals & Fertilizers in its letter has informed the exchanges that it has fixed 30-05-2023 as the Record date. Consequently, the declared dividend will be paid to those members who hold shares in physical form or  in  electronic form and whose names appear in the Register of Members of the Company on Record Date. Moreover, to receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex-dividend date. Note – If you buy shares on ex-dividend date, you will not be eligible to receive dividend and Rashtriya Chemical & fertilizers Dividend Rs.3.70 per share.

 

Company Name: Rashtriya Chemicals & Fertilizers
Company Type: PVT
Face Value: 10
Dividend Type: Final
Dividend %: 37%
Dividend Given: Rs:3.7/share
Announcement Date: 30-5-2023
Ex-Dividend Date: 13-12-2023
Record Date: 30-5-2023
Listed In: BSE/NSE
Nifty 50: No

 

Rashtriya Chemicals & Fertilizers Dividend Calculator

No.of. Shares

 

 Dividend Get
100 37
1000 370

 

Rashtriya Chemicals & Fertilizers shipping Dividend History                                                        (Year Wise)

Announcement Date Ex‑Date Dividend (%) Dividend (Rs)
30-5-20223 13-12-2023 37% 3.7

 

Dividend is taxable?
dividend income will become taxable in the hands of taxpayers irrespective of the amount received at applicable income tax slab rates.

For more details

Dividend calculator

The post Rashtriya Chemicals & fertilizers Dividend Rs.3.70 per share appeared first on Dividend Screen.

]]> https://www.dividendscreen.com/rashtriya-chemicals-fertilizers-dividend-rs-3-70-per-share/feed/ 0 Best robotics stocks in India 2023 https://www.dividendscreen.com/best-robotics-stocks-in-india-2023/ https://www.dividendscreen.com/best-robotics-stocks-in-india-2023/#respond Wed, 29 Nov 2023 10:48:06 +0000 https://www.dividendscreen.com/?p=1609 Best robotics stocks in India 2023 high dividend paying robotics tech stocks in indian stock market robotic programming tech stocks. Here the sample list of Best robotics stocks in India 2023 Happiest Minds Technologies Introduction Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a Mindful IT Company, enables digital transformation for enterprises and technology providers by delivering...

The post Best robotics stocks in India 2023 appeared first on Dividend Screen.

]]> Best robotics stocks in India 2023 high dividend paying robotics tech stocks in indian stock market robotic programming tech stocks.

Here the sample list of Best robotics stocks in India 2023

Happiest Minds Technologies

Introduction

Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a Mindful IT Company, enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency and actionable insights.

Year 2023 2023
Dividend (%) 170 125
Dividend Type Final Interim
Face Value 2 2
Dividend Amount (Rs) 3.40                2.50
Ex. Dates   08-05-2023     18-10-2023

 

Investors Calculations:

No. of shares Dividend Amount/Share (Rs) Total Amount (Rs)
100 5.90 590
1000 5.90 5900

 

Affle (India) Limited

Introduction

 Affle (India) Limited , together with its subsidiaries, provides mobile advertisement services through information technology and software development services for mobiles in India and internationally

 

Year 2023 2023
Dividend (%) 35 40
Dividend Type Final Interim
Face Value 1 1
Dividend Amount (Rs) 0.35 0.40
Ex. Dates 25-05-2023 02-11-2023

Investors Calculations:

No. of shares Dividend Amount/Share (Rs) Total Amount (Rs)
100 0.75 75
1000 0.75 750

 

Persistent Systems

Introduction

Persistent Systems is an Indian multinational technology services company which was incorporated on 16 May 1990. PS is listed on the Bombay Stock Exchange and the National Stock Exchange. Shares in the company were listed on the National Stock Exchange of India in March 2010.

 

Year 2023 2023 2023
Dividend (%) 280 120 100
Dividend Type Interim Final Special
Face Value 10 10 10
Dividend Amount (Rs) 28.00 12.00 10.00
Ex. Dates 11-01-2023 25-04-2023 26-04-2023

Investors Calculations:

No. of shares Dividend Amount/Share (Rs) Total Amount (Rs)
100 50 5000
1000 50 50000

          Cyient

Introduction

Cyient is a Global multinational technology company that is focused on engineering, manufacturing, data analytics, networks and operations. Infotech Enterprises Ltd. was established in 1991 in Hyderabad.

 

Year 2023 2023
Dividend (%) 320 240
Dividend Type Final Interim
Face Value 5 5
Dividend Amount (Rs) 16.00 12.00
Ex. Dates 20-04-2023 19-10-2023

            Investors Calculations:

No. of shares Dividend Amount/Share (Rs) Total Amount (Rs)
100 28 2800
1000 28 28000

 

Tata Elxsi

Introduction

Tata Elxsi is amongst the world’s leading providers of design and technology services across industries including Automotive, Broadcast, Communications, Healthcare, and Transportation.

 

Year 2023
Dividend (%) 606
Dividend Type Final
Face Value 10
Dividend Amount (Rs) 60.60

 
Ex. Dates 05-06-2023

Investors Calculations:

No. of shares Dividend Amount/Share (Rs) Total Amount (Rs)
100 60.60 6060
1000 60.60 60600

For More Details

Dividend Calculator

The post Best robotics stocks in India 2023 appeared first on Dividend Screen.

]]> https://www.dividendscreen.com/best-robotics-stocks-in-india-2023/feed/ 0