Tue, Oct 29, 2024
SBI Green Deposit 1777 vs Canara Bank 5-year FD: SBI Green Rupee Term Deposit is a special fixed deposit (FD) scheme that has 1111 Days, 1777 Days, and 2222 Days programmes under it. Canara Bank 5-year is a traditional FD that also provides tax benefits under Section 80C of the Income Tax Act.
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Fri, Oct 18, 2024
SBI Sarvottam vs PNB 400-day FD vs Bank of India 400-day FD: Special FDs are non-callable, allowing investors to get returns only on maturity. Banks start special FDs for a limited period. Depending on public response, the bank can close a special FD or extend its deadline to invest. All leading banks, such as State Bank of India (SBI), Punjab National Bank (PNB), Canara Bank, HDFC Bank, and Bank of India, run special FDs.
Fri, Jun 21, 2024
SBI Senior Citizen Latest FD Interest Rates: Senior citizens need a source of income in their retirement days so that they don't have to depend on others. They prefer guaranteed return schemes where they get steady income to cover their daily expenses. So, they invest in schemes such as fixed deposits (FD), where they have to invest once and get interest in return.
Tue, Jun 11, 2024
PSU banks hope that the three-year lock-in period of tax saving FDs may be attractive to investors. Public sector banks are worried as last year (FY24), their credit growth was higher than their deposit growth. As per the income tax rules, only 5-year FD falls in the category of tax exemption under Section 80C of the Income Tax Act.
Mon, May 20, 2024
All leading banks in India encourage senior citizens to invest money in FDs, and as a result, they offer them higher interest rates on FDs compared to they offer to general citizens.
Fri, May 10, 2024
Post Office runs a lot of small savings schemes that provide guaranteed returns in the form of interest rates. Investors seeking non-market-linked returns invest in post office schemes.
Tue, Apr 30, 2024
Investors seeking guaranteed returns and monthly income can invest in Post Office Monthly Income Scheme (MIS). A one-time investment will help you get a fixed monthly income in this post office scheme.
Mon, Apr 29, 2024
Post Office Scheme for Women: Finance Minister Nirmala Sitharaman announced Mahila Samman Savings Certificate (MSSC) in last year's budget. The scheme was started from April 1, 2023. One of the prominent persons in the country to invest in the scheme is Union Minister Smriti Irani, who invested in it last year. Know the special features of the scheme.
Wed, Apr 17, 2024
Post Office runs a lot of small savings schemes that help investors get a guaranteed return on their savings. These schemes provide a fixed interest rate that helps people get either a fixed income at maturity or in the form of monthly, quarterly, or annual payments. Post Office FD, also known as National Savings Time Deposit Account (TD), is one such scheme where the investor invests a lump sum amount in the beginning and gets the maturity amount at the end of the duration.
Mon, Apr 01, 2024
National Saving Time Desposit Account (TD), or Post Office FD, is a one-time investment guaranteed return scheme where one gets returns in the form of interest. Post office runs FDs of one-, two-three- and five-year durations. The five-year FD is also known as income tax saving FD as it provides tax relxation of up to Rs 1.50 lakh under Section 80C of the Income Tax Act.
Fri, Mar 22, 2024
Senior Citizens Savings Scheme Account (SCSS) is a post office scheme that provides guaranteed return in the form of 8.2 per cent annual interest to senior citizens. The central government scheme offers tax benefits up to Rs 1.50 lakh on deposits under Section 80C of the Income Tax Act. Individuals above 60 years of age can open a single or a joint account in SCSS. An SCSS account holder needs to pay TDS if the earnings from the interest income exceeds Rs 50,000 in a financial year. Know more about the SCSS scheme and what you will get on one-time deposits of Rs 10 lakh, Rs 20 lakh and Rs 30 lakh in it.
Mon, Mar 18, 2024
National Savings Monthly Income Account, also known as Post Office MIS offers guaranteed monthly income after a one-time investment. The scheme provides an interest rate of 7.4 per cent annually and comes with a lock-in period of five years. One can get a maximum monthly income of Rs 5,550 in a single account and Rs 9,250 in a joint account. One gets their principal amount back at the time of maturity. Know more about Post Office MIS and how one can get a monthly income of Rs 5,000.
Mon, Mar 11, 2024
Mahila Samman Savings Certificate (MSSC) is a post office, guaranteed return scheme that encourages women to save and invest their money in small proportions. A woman can deposit as low as Rs 1000 and as high as Rs 2 lakh at one time in the scheme for a duration of two years. They get 7.5 per cent interest compounded quarterly and paid at the time of maturity. The interest earned helps them get returns on their investment. Know how much you will get if you invest Rs 50K, Rs 1 lakh, Rs 1.50 lakh, and Rs 2 lakh in the MSSC scheme.
Tue, Mar 05, 2024
Senior Citizens Savings Scheme Account (SCSS) provides guaranteed returns in the form of quarterly interest to senior citizens. They get 8.2 per cent interest annually under this retirement-focussed scheme, which also provides tax exemption on deposits under Section 80C of the Income Tax Act. One can start a SCSS account with a minimum one-time investment of Rs 1000 or with a maximum of Rs 30 lakh. The scheme can provide senior citizens with a quarterly interest of Rs 61,500 if they invest a certain amount. Know calculations-
Tue, Feb 27, 2024
SIP vs SSY: After a girl child is born, an investment in a guaranteed return or market-linked scheme may be the best decision. It may help you grow your money so that you can use it for your girl's education or marriage. For the same purpose, Post Office runs the Sukanya Samriddhi Yojana (SSY), which offers an interest rate of 8.2 per cent calculated and compounded yearly. On the other hand, many new-age investors opt for systematic investment plan (SIP) in mutual funds. Sometimes, investors get confused about whether they should invest in a fixed return scheme such as SSY or a market-linked investment option like SIP. Through calculations, know which of the two options may give you better returns.
Post Office Senior Citizen Savings Scheme (SCSS) 2024 interest rate: Investment of Rs 10,000 in this government-guaranteed small savings scheme grows investment of every Rs 10,000 into Rs 10,820 in a year. Confused? Read on to know the exact calculation and rate of return.
Mon, Feb 05, 2024
National Savings Time Deposit Account: Post Office Time Deposit, i.e. National Savings Time Deposit Account, is a scheme run by the Post Office that offers guaranteed returns. The account can be opened with a minimum investment of Rs 1000 and in multiple of Rs 100. There is no maximum limit on investment. The 5-year plan under the scheme offers an interest rate of 7.5 per cent. The 5-year plan also offers you a tax exemption of up to Rs 1.50 lakh under Section 80C of the Income Tax Act. Know what you will get in this Post Office scheme with Rs 10 lakh investment for different durations.
Tue, Mar 06, 2018
PPF is a preferred investment option is because of its tax efficiency and its eligibility for tax deduction under section 80C. However, one can avail the same tax deduction of Rs. 1.50 Lakh, with higher post tax returns, by investing in ELSS (Equity Linked Saving Scheme). The returns from ELSS are higher even after considering the proposed long-term capital gains tax of 10%, that has been introduced in the recent budget.
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