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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Thu, Sep 26, 2024
After the launch of the novel NPS Vatsalya scheme which aims at securing child's future financially, you as a parent may be wondering whether NPS Vatsalya or SSY will fetch a better return if you have to choose between the two.Importantly, while the two schemes are not comparable with the SSY being sovereign-backed and the other a market-linked instrument, it will help us arrive at some estimates.
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