Tue, Sep 03, 2024
Check the returns on Post Office FD and RD for different investment amounts. This guide offers detailed calculations for monthly deposits of Rs 2,000, Rs 5,000, and Rs 10,000, as well as a one-time investment of Rs 1 lakh, over 5, 10, and 15 years. Secure your savings with these low-risk options.
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Tue, Aug 27, 2024
Did you know you can open both fixed deposit (FD) and recurring deposit (RD) accounts at the post office? Both are low-risk options with guaranteed returns, but they cater to different needs. An FD requires a lump sum deposit upfront, making it ideal for those with a one-time amount to invest. In contrast, an RD involves regular (usually monthly) deposits, suited for those who prefer to save a set amount periodically. This article highlights the key differences between post office FD and RD returns with illustrative examples.
Mon, Aug 26, 2024
Post Office RD vs Post Office FD: Did you know that you can open fixed deposit (FD) as well as recurring deposit (RD) accounts at the post office? Both instruments - the post office FD and the post office RD - are considered low-risk and offer guaranteed returns. A fixed deposit (FD) and a recurring deposit (RD) are both types of savings accounts, but they serve different purposes and have distinct features. While FD requires a lump sum deposit upfront, RD involves periodic (typically monthly) deposits. FD is suitable for those with a one-time lump sum to invest, while RD is ideal for those who prefer to save a fixed amount regularly. In this article, learn with examples the key differences between FD and RD returns at the post office.
Thu, Jul 25, 2024
Understanding Post Office FD Rate: The Post Office Time Deposit Account (TD) is a fixed deposit scheme available at post offices across India. It offers quarterly compounding of interest with annual payouts. Currently, it offers four maturity options ranging from one to five years, with annual returns between 6.9 per cent and 7.5 per cent calculated quarterly. The account requires a minimum investment of Rs 1,000, with no upper limit, in multiples of Rs 100. For example, amounts like Rs 1,100 and Rs 9,900 are accepted, but not Rs 1,110 and Rs 9,990.
Fri, Jun 28, 2024
Post Office Kisan Vikas Patra certificates - one of the all-popular small savings schemes backed by Government of India - double depositors' money in a period of nine years and seven months (a total of 115 months), according to the India Post website, indiapost.gov.in.
The government announced on Friday that the interest rates applicable to small savings schemes - such as Public Provident Fund (PPF), National Savings Certificate (NSC) and Sukanya Samriddhi Account (SSA) - will remain at the same levels in the September quarter as the previous three months. If you're planning investments or savings in these schemes, it's good to know that the rates will hold steady for now. Here's the full list of small savings scheme interest rates.
Tue, Jun 25, 2024
Post Office Mahila Samman Savings Certificate, Post Office Sukanya Samriddhi Scheme: Post office investment schemes provide a stable and secure avenue for women to grow their savings. Depending on their financial goals and risk appetite, women can choose from a variety of schemes that suit their needs, whether it's regular income, long-term savings, or tax benefits.
Tue, Jun 18, 2024
Did you know that designated post offices offer a diverse range of Time Deposit (fixed deposit (FD) and recurring deposit (RD) schemes today? Discover the competitive interest rates offered by these schemes, along with their investment terms and conditions, and gain insights into how these post office deposits provide a secure and reliable investment option for individuals seeking stable returns.
Thu, Apr 11, 2024
Post Office Recurring Deposit (RD) Small Savings Scheme Account: Ever wondered what kind of interest rates does the India Post offer on the government-backed, fixed-income recurring deposit scheme? For the quarter ending June 30, 2024, the post office RD scheme pays interest at the rate of 6.7 per cent per annum (compounded quarterly). The scheme allows monthly investments of Rs 100 and above (in multiples of Rs 10 thereof) with a maturity period of five years with a premature withdrawal option after the first three years. Learn with examples how your monthly investment ranging from Rs 5,000 to Rs 20,000 grows in this small savings scheme.
Thu, Mar 30, 2023
Post office scheme savings account minimum balance: Did you know that a savings bank account at the post office actually earns you a slightly better return than big commercial banks? Here's all you need to know about the minimum balance and other important details about this post office account.
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.
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