Mon, Sep 30, 2024
Small Savings Scheme Interest Rates: The central government on Monday announced a status quo on interest rates applicable to small savings schemes. Currently, commercial banks and post office provide a variety of small savings scheme instruments including Post Office Savings Account, the 1-5-year Time Deposit (fixed deposit), the 5-year Post Office Recurring Deposit, Senior Citizens Savings Scheme, and Sukanya Samriddhi Yojana (SSY).
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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.
Wed, Sep 06, 2023
A government-backed investment instrument, Kisan Vikas Patra offers a secured return and higher return compared to savings accounts or some FDs. Currently, the maturity period of Kisan Vikas Patra is 9.5 years.
Sat, Mar 04, 2023
Post office KVP 2023: Kisan Vikas Patra, a government-backed savings scheme, doubles the money invested over a period of 10 years? A KVP account, set up in a post office or select branches of PSU banks such as SBI and PNB, requires minimum investment of Rs 1,000 with no upper limit, and offers interest of 7.2 per cent compounded annually, according to the India Post website, indiapost.gov.in. The amount of money parked in this government-backed savings scheme doubles in 120 months, according to India Post.
Mon, Aug 08, 2022
The government of India runs several schemes to promote natural farming and to encourage farmers for long term investments and savings.
Mon, Jan 02, 2017
Government has kept interest rates on small savings schemes like PPF and Kisan Vikas Patra unchanged for the January-March quarter even as banks have started lowering their deposit rates.
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