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.
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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.
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.
Wed, May 19, 2021
In a major development, the Department of Post under the Ministry of Communications has decided that only 28 Sub Offices (SOs)/Head Offices (HOs) and 99 Branch Post offices will remain open in the state of Goa till 31 May 2021. The decision has been taken in view of the coronavirus pandemic situation in the state, a government release said
Tue, Mar 30, 2021
The Department of Posts has issued new rules for deduction of TDS if the aggregate withdrawal from all post office schemes is more than Rs 20 lakh. The provision includes withdrawals from PPF also.
Fri, Mar 05, 2021
Post Office Schemes: In a bid to provide relief to the rural Post Office Savings Account holders, India Post has announced it will raise the withdrawal limit at Post Office GDS (Gramin Dak Seva) Branches.
Mon, Feb 01, 2021
Do you know about the Postal Life Insurance (PLI) schemes being offered by India Post?
Sun, Jan 31, 2021
Whole Life Assurance (Suraksha) - This is a scheme where the assured amount with accrued bonus is payable to the insured either on attaining the age of 80 years, or to his/her legal representatives or assignees on death of the insured, whichever occurs earlier, provided the policy is in force on the date of claim
Mon, Jan 18, 2021
PPF Account: Post Office Schemes offer nine types of small saving schemes and Public Provident Fund (PPF) is one of them. Most of these Post Office Schemes provide income tax exemption under EEE (investment, interest earned and maturity amount) category. This income tax exemption is available under Section 80C of the Income Tax Act (ITA)
Thu, Jan 07, 2021
These schemes could be opened by visiting your nearest post office or bank with as less as Rs 1,000. Recently, it has made minimum deposit of Rs 500 mandatory in Post office savings account. Currently, it offers 9 saving schemes. We will find out some of the important saving schemes offered by the India Post here.
If we go by the experts' advice, an investor investing in Bank FD may lose money in case the bank becomes a defaulter.
Wed, Jan 06, 2021
SBI Vs HDFC Bank Vs ICICI Bank Vs Post Office FD: Here is how investors can earn more money.
Tue, Dec 08, 2020
If you are also one of those planning to invest money in safe instrument, you should check out this scheme that comes with government’s assurance of doubling your money.
Sun, Nov 29, 2020
There is a post office scheme which assures long-term wealth generation without any risk and is not only safe but gives you long-term wealth appreciation by investing as little as just Rs 100 per month
Thu, Oct 01, 2020
The government has kept small savings interest rate unchanged for October to December 2020 quarter. That means Post Office Schemes will continue to fetch 6.8 per cent per annum for investors.
Thu, Sep 10, 2020
Post Office Savings Scheme: The claims with respect to deceased account or certificate holder of Post Office Small Savings Scheme (SSC) can be settled easily by following these simple steps. The official website prescribes certain ways which need to be followed in order to settle claims in the event of an unfortunate death of the account holder. Know here how to do it!
Tue, Sep 08, 2020
If you are looking for investments in Small Saving Scheme (SSC), then you must know about this Post Office Scheme which is a popular investment option and can be opened in any nearby post office easily. This scheme is called Post Office Time Deposit Account (TD) and it can be opened with minimum Rs 1000
Thu, Sep 03, 2020
If you are looking for a monthly income then this would be of interest to you. This small savings scheme called the Post Office Monthly Income Scheme or MIS gives you a viable investment alternative. It is easy to open an account and the interest rate offered in this scheme is much better than parking all your money in savings account. Know about this scheme here!
Tue, Aug 04, 2020
Undoubtedly, Post Office Savings Schemes are considered as probably one of the best savings instruments due to the safety, security and financial stability benefits they provide.
Sat, Aug 01, 2020
Post Office MIS Scheme Calculator: An earning individual (either salaried or businessman) always wants a fixed regular income other than the regular avenue for revenue. Post Office Monthly Income Scheme (MIS) is one such option.
Sat, Jul 25, 2020
The Department of Posts has extended all small savings schemes up to the branch post office level, with a view to strengthen its network and operations in rural areas.
Tue, Jul 14, 2020
Post Office Saving Scheme: The coronavirus crisis has once again underlined the importance of saving and investing at the right time. With people getting salary cuts, their investments have come handy in meeting immediate money requirements.
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