Fri, Aug 02, 2024
SBI Senior Citizen FD Interest Rates: It runs the Amrit Kalash, 1-year, 3-year, and 5-year FD schemes for senior citizens. The interest rates in these FDs are 7.75 per cent, 7.30 per cent, 7.25 per cent, and 7.50 per cent, respectively (Data as per Paisabazaar.com).
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Tue, Jul 30, 2024
Post Office FD vs Post Office RD: While RD has a lock-in period of five years, in post office FD, one can make investments up to five years. The 5-year FD also offers tax benefits on deposits of up to Rs 1.50 lakh in a financial year under Section 80C of the Income Tax Act, 1961.
Wed, Jul 24, 2024
One can open a single or a joint MIS account with a minimum investment of Rs 1,000. The scheme offers 7.4 per cent interest annually payable monthly. A guardian on behalf of a minor or a person of unsound mind, and a minor above 10 years old, can in his own name. If you are opening a single account, the maximum deposit will be Rs nine lakh. If you are opting for a joint account, the maximum deposit will be Rs 15 lakh.
Fri, Jun 28, 2024
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.
Thu, Jun 13, 2024
Post Office Account Interest Rate, Kisan Vikas Patra (KVP), National Savings Certificate (NSC), Mahila Samman Savings Certificate: National Savings Certificates (NSC), Kisan Vikas Patra certificates and Mahila Samman Savings Certificates are three certificate of deposit (CoD) schemes that offer interest rates to the tune of 7.5-7.7 per cent, according to the India Post website, indiapost.gov.in. Read on to know all about them.
Fri, Mar 29, 2024
Kisan Vikas Patra (KVP) Post Office Small Savings Scheme Interest: As the government leaves the interest rates applicable to the small savings schemes available at post offices, the Post Office Kisan Vikas Patra (KVP) certificate investment plan pays interest at the rate of 7.5 per cent compounded annually for the quarter ending June 30, 2024. What makes the post office KVP scheme unique is that the amount of money invested in this small savings scheme doubles over a period of nine years and seven months. What it means is that the minimum investment of Rs 1,000 in Kisan Vikas Patra certificates grows into Rs 2,000 upon maturity.
Thu, Mar 28, 2024
"The rates of interest on various small savings schemes for the first quarter of FY 2024-25, starting from April 1, 2024, and ending on June 30, 2024, shall remain unchanged from those notified for the fourth quarter (January 1, 2024, to March 31, 2024) of FY 2023-24," said a finance ministry notification.
Wed, Mar 20, 2024
5-year post office National Savings Certificate interest rate: Investment in National Savings Certificate (NSC), one of the several government-backed small savings schemes, grows at 7.7 per cent compounded annually, but is only paid at the end of the full maturity period of five years. Here are some examples to understand how your investment of Rs 10,000, Rs 25,000, Rs 50,000 or any other amount grows over time by the end of the five-year period.
Tue, Feb 27, 2024
Post Office Mahila Samman Savings Certificate 2024: Launched in April 2023, the Mahila Samman Savings Certificate, also known as Mahila Samman Bachat Patra, is the latest among government-guaranteed small savings schemes.
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 26, 2024
Post office senior citizen scheme interest rate: Investment in a Senior Citizen Savings Scheme (SCSS) account at the post office yields a return of 8.2 per cent per annum, compounded every quarter, for the three-month period ending March 31, 2024.
Fri, Dec 29, 2023
The government on Friday announced revised interest rates for select small savings schemes.
Tue, Nov 28, 2023
Investing in government small savings schemes such as Public Provident Fund (PPF), Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY) is considered a profitable option. More and more people like to invest in these savings schemes since they provide many benefits like guaranteed returns, assured income, tax benefits, and more.
Thu, Jul 06, 2023
State-run Bank of India said on Wednesday that it will operationalise the Mahila Samman Savings Certificate scheme at all of its branches. The Mahila Samman Savings Scheme offers a return of 7.5 per cent per annum, compounded quarterly.
Wed, Jul 20, 2022
National Savings Monthly Income Scheme or MIS is a deposit scheme is a savings plan offering interest rate of 6.6 per cent, annually. The current rate is being offered on MIS accounts at the Indian post offices
Fri, Jul 15, 2022
Sukanya Samriddhi Yojana: This small deposit scheme allows withdrawal of money from the account of a girl child only when she attains 18 years or completes her 10th standard schooling
Thu, Jul 14, 2022
Sukanya Samriddhi Yojana: Government-backed Sukanya Samriddhi Yojana (SSY) allows premature closure of the account after five years. However, the account can be closed only on fulfillment of certain conditions
Tue, Nov 16, 2021
If an individual is planning to make an investment must be aware of the 15-year Public Provident Fund Account (PPF) at India Post.
Fri, Nov 06, 2020
Public Provident Fund (PPF) is one of the most popular small savings scheme (SSS) which offers assured returns without any undue risks. This is preferred scheme among those investors who have a low risk appetite. So, if you suddenly find that your PPF account has expired, then it s a thing to worry about and you should quickly get the renewal done through an application via the relevant form
Wed, Nov 04, 2020
Public Provident Fund (PPF) offers assured returns and is a safe investment instrument and is one of the most attractive small savings schemes (SSS). If you are planning to open a PPF account and don’t know about its benefits and how to do it, then here is your guide to do so!
Tue, Nov 03, 2020
While Public Provident Fund (PPF) is one of the most attractive small savings scheme (SSS) which offers assured returns and is also safe. But before investing in any instrument one must know about the returns and also if investing in this vehicle will actually reap benefits and exactly what amount you will receive at the time of maturity.
Thu, Oct 01, 2020
The government on Wednesday kept the interest rates on small savings schemes, including PPF and NSC, unchanged for the October-December quarter amid moderating bank deposit rates.
Mon, Feb 03, 2020
Small savings scheme interest rate: Department of Economic Affairs Secretary Atanu Chakraborty has hinted at revision in small savings rate next quarter, in line with market rate, a development that could lead to speedier transmission of monetary policy rate. During the current quarter, the gover
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