Tue, Aug 27, 2024
Post Office scheme: PPF scheme matures in 15 years but you can extend it in a block of five year. So, you will have to invest Rs 1.5 lakh annually for 25 years.
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Tue, Aug 20, 2024
Post Office RD provides 6.7 per cent annual interest. One can invest a minimum of Rs 100 per month or any amount in multiples of Rs 10 in the scheme. There is no maximum limit for deposit in post office RD.
Fri, Aug 09, 2024
Post Office savings schemes include Recurring Deposit Account (RD), Sukanya Samriddhi Account (SSA), Kisan Vikas Patra (KVP), Mahila Samman Savings Certificate, National Savings Time Deposit Account(TD) and others.
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.
Thu, Mar 21, 2024
Kisan Vikas Patra 2024 Calculation: Unlike other investment options that may require a larger initial amount, KVP allows investors to open an account with a minimum amount of Rs 1000. The post office scheme promises to double a one-time investment in a period of approximately 9.5 years (115 months). KVP offers a fixed rate of 7.5 per cent compounded annual return. Know more such information about Kisan Vikas Patra, and how does it work? Let's find out:
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
PPF: Post Office guaranteed return schemes are popular since they give non-market-linked, risk-free returns. People use them to get monthly, quarterly, or annual returns, or build a retirement corpus These investment schemes are known to give steady returns, but they are hardly considered as options to generate a corpus running into crores. But if you consistently invest in a Post Office scheme such as Public Provident Fund (PPF), which gives you a compound annual interest of 7.1 per cent, in the long run, not only can you save considerable taxes, but you can also build a corpus of over Rs 1 crore. Know how-
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.
Sun, Jan 07, 2024
In the new year, begin you investment journey if you haven't. If you already have, try investment options such as Post Office FD, popularly known as National Savings Time Deposit Account, mutual fund investment through systematic investment plan (SIP) and Kisan Vikas Patra (KVP). While FD and KVP will give you guaranteed returns, SIP is market-linked, but it has emerged as one of the best investment options in the last few years to grow your money. Know how you can you double your money through these investment options.
Post Office MIS 2024: This account can be opened both single and joint. If you open a joint account, you can get more benefits and earn more monthly income. Know how
Sat, Jan 06, 2024
If you want to invest in a scheme in which you get risk-free guaranteed returns and your money remains safe, then a Post Office scheme can be very useful for you. Know about this Post Office scheme and how you can accumulate wealth of Rs 66.58 lakh through it in a few years.
Fri, Dec 29, 2023
Public Provident Fund (PPF) is one of the safest and popular investment options. It provides investors with guaranteed returns and fixed income. While it offers a good interest rate, it is a tax free investment option, which means that the money you receive on maturity is completely yours. The maturity period in PPF is 15 years. If you invest just Rs 5000 a month in PPF, you can built a huge fund of Rs 26.63 lakh. Know how it is possible.
Tue, Nov 28, 2023
Postal Life Insurance is also known as PLI scheme. Under this scheme, the policy holder gets a minimum sum assured of Rs 20,000 and a maximum of Rs 50 lakh along with bonus. After running the policy continuously for 4 years, the policy holder is also given the option to take a loan against it. One also gets the option to surrender the policy after 3 years.
Fri, Mar 31, 2023
Here are 5 post office schemes that offer tax benefits as per 80C of the Income Tax Act.
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.
Mon, Mar 06, 2023
Post Office Schemes: Post offices offer a range of investment schemes with attractive returns that are considered to be safe and reliable.
Wed, Jun 22, 2022
The Senior Citizens' Savings Scheme (SCSS) is introduced by government that helps senior citizens to save money for their retirement and receive quarterly interest payments. Senior citizens can create this account at any bank or post office singly or jointly with their spouse. It has a 5-year maturity period that can be extended up to 3 more years (5+3= 8 years).
Thu, Jun 02, 2022
Post Office Monthly Income Scheme (Post Office MIS) is a government small savings scheme, which gives investors an opportunity to earn a fixed amount every month. Market volatility has no effect on this investment. Being a post office scheme, your money remains safe. This is a 5 years scheme, which can be extended further for 5-5 years.
Wed, Apr 27, 2022
Start Investing with Rs 100 per month and get good return in Post office Recurring Deposit. The interest rates of RD depend on the tenure of the deposit. A three of five year RD will definitely fetch a higher interest rate. If you want Rs 20.85 lakh after 5 years at an interest rate of 6.8, the investment amount should be Rs 15 lakh over 5 years.
Mon, Feb 14, 2022
Post Office's Recurring Deposit (RD) is a good instrument for investment. You can invest minimum Rs 100 and there is no maximum limit. If you invest Rs 10,000 monthly for ten years, you will be able to get more than Rs 16 lakhs. Here's how.
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