Top 10 small savings schemes retail investors should explore investing into
6 months, 3 weeks ago

Top 10 small savings schemes retail investors should explore investing into

Live Mint  

Small savings schemes not only offer assured returns in the range of 4 to 8.2 per cent per annum, but enable investors to claim income tax exemption of up to ₹ 1.5 lakh under section 80C of Income Tax Act. Besides FDs, however, investors tend to invest in small savings schemes or post office savings schemes primarily because of the safety and fixed returns they offer. Monthly income account: The minimum monthly investment in a monthly income account is ₹1,000 whereas the maximum investment limit is ₹9 lakh in single account and ₹15 lakh in joint account. {{^adFree}} {{/adFree}} Small savings schemes Interest rate Post office savings account 4% Time deposit 6.9%, 7, 7.1, 7.5 5-year recurring deposit scheme 6.7% Senior citizen savings scheme 8.2% Monthly income account 7.4% National Savings Certificate 7.7% Public Provident Fund 7.1% Kisan Vikas Patra 7.5% Mahila Samman Savings Certificate 7.5% Sukanya Samriddhi Account Scheme 8.2% 7.

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History of this topic

Post office schemes: 8 financial instruments offer assured return up to 8.2%
1 month ago

Post office schemes: 8 financial instruments offer assured return up to 8.2%

Live Mint  

Are you a conservative investor who is looking to invest in some safe financial instrument? These schemes include PPF, monthly income account, senior citizens savings scheme, post office savings account, National Savings Certificate, Kisan Vikas Patra and Sukanya Samriddhi Account. Post office savings account: It offers 4 percent per annum on individual/joint account. Financial Instrument Annual interest PPF 7.1 Monthly …

PPF: Interest rate offered on Public Provident Fund vis-a-vis other Small Savings Schemes. Check entire list here
1 month, 2 weeks ago

PPF: Interest rate offered on Public Provident Fund vis-a-vis other Small Savings Schemes. Check entire list here

Live Mint  

Are you looking to invest in a safe financial instrument for a long term investment? Other small savings scheme besides PPF Post office savings account: It offers 4 percent interest per annum. 1-year-time deposit: It gives 6.9 per cent interest per annum 2-year time deposit: It offers 7 per cent interest per annum. Senior Citizen Savings Scheme: This scheme offers …

Government Offers Comprehensive Savings Schemes for Small Investors: Explore Government-Backed Options
1 month, 3 weeks ago

Government Offers Comprehensive Savings Schemes for Small Investors: Explore Government-Backed Options

ABP News  

The article highlights the various government-backed small savings schemes available in India, offering both fixed returns and tax benefits. These schemes include the Post Office Savings Account, National Savings Recurring Deposit Account, National Savings Monthly Income Account, Senior Citizens Savings Scheme Account, Public Provident Fund Account (PPF), Sukanya Samriddhi Account, Mahila Samman Savings Certificate, and National Savings Certificates. Each scheme …

Here are the latest interest rates of PPF, NSC, KVP, SSY and other small savings schemes from April 1 onwards
8 months, 3 weeks ago

Here are the latest interest rates of PPF, NSC, KVP, SSY and other small savings schemes from April 1 onwards

Live Mint  

Within fixed-income instruments, small savings schemes such as PPF, SSY, NSC, and KVP are quite popular among investors thanks to the fixed and assured returns they offer. Within fixed-income instruments, small savings schemes are the ones which are quite popular among the masses, and many investors opt for them for the fixed and assured returns they offer. {{^adFree}} {{/adFree}} It …

Interest rate for small savings schemes to remain unchanged for April-June 2024 quarter: Centre
9 months, 2 weeks ago

Interest rate for small savings schemes to remain unchanged for April-June 2024 quarter: Centre

Hindustan Times  

The Finance Ministry on Friday announced the interest rates for small savings schemes for the upcoming quarter of April-June 2024, stating that the Centre has decided to keep the rates applicable to these schemes unchanged. The government announced that the interest rates for small savings schemes will remain unchanged In a memorandum issued on March 8, the Ministry of Finance …

Small Savings Schemes: What are the latest interest rates offered? Detailed comparison
9 months, 3 weeks ago

Small Savings Schemes: What are the latest interest rates offered? Detailed comparison

Live Mint  

Small savings schemes are financial instruments managed by the Central government to encourage households to inculcate the habit of saving. A lowdown on small savings scheme Post Office Savings Account: It can be opened by making a minimum deposit of ₹500 while minimum withdrawal amount is ₹50. The interest rate offered is 4 percent per annum on individual/ joint accounts …

In charts: Small savings, big fiscal challenge
1 year, 1 month ago

In charts: Small savings, big fiscal challenge

Live Mint  

The tendency of Indian households to persist with an old habit of risk-averse investment choices, and lean towards sovereign fixed-income schemes, doesn’t augur well for the Centre. Latest data on ‘small savings schemes’—the umbrella term for this basket of fixed-income schemes—shows a 2.5 times year-on-year increase in a scheme for senior citizens during the six-month period from April to September …

Small Savings Schemes: Govt Likely To Keep Interest Rates Unchanged For October-December 2023, Says Expert
1 year, 3 months ago

Small Savings Schemes: Govt Likely To Keep Interest Rates Unchanged For October-December 2023, Says Expert

News 18  

Even as the interest rates on small savings schemes, including PPF, NSC and KVP, are reviewed every quarter, the government will revise interest rates on such schemes for October-December 2023 at the end of this month — September 29 or September 30. An expert said that going by the G-Sec yields trend, the interest rates on small savings schemes are …

National Saving Certificate vs SBI five-year bank FD: Latest interest rates
1 year, 8 months ago

National Saving Certificate vs SBI five-year bank FD: Latest interest rates

Live Mint  

Just like the bank tax savings fixed deposit scheme, National Savings Certificates come with a lock-in period of five years. National Saving Certificate's latest interest rate With the recent hike in interest rates, investors can now get higher returns on their investments in the NSC account. SBI 5-year bank FD latest interest rates SBI offers an interest rate of 6.50% …

Top government savings schemes to help grow your wealth: Check which one is best for you
1 year, 8 months ago

Top government savings schemes to help grow your wealth: Check which one is best for you

India TV News  

Best Govt Saving Schemes: In India, the government has established several savings schemes to incentivize individuals to invest their money and cultivate a culture of saving. Here are top ten government saving schemes that would help you grow your wealth: Public Provident Fund : One of the most popular savings schemes in India, PPF offers tax-free returns on investments with …

Bank FD Vs Small Savings Schemes: Which Gives More Returns? PPF, NSC, SSY Latest Interest Rates
1 year, 8 months ago

Bank FD Vs Small Savings Schemes: Which Gives More Returns? PPF, NSC, SSY Latest Interest Rates

News 18  

Fixed deposits have been witnessing interest rate hikes since May last year as the RBI has raised 250 basis points in the key repo rate, thus prompting banks to raise the interest rates on FDs. Currently, HDFC Bank offers up to 7.1 per cent interest rates for the general public and up to 7.6 per cent rates for senior citizens. …

Centre hikes interest rates on some small savings schemes by up to 70 bps
1 year, 8 months ago

Centre hikes interest rates on some small savings schemes by up to 70 bps

Live Mint  

The Central Government on 31 March hiked the rate of interests on various small savings schemes including Senior Citizen Savings scheme, Sukanya Samriddhi Account scheme, Monthly Income Savings scheme, National Savings Certificate, Kisan Vikas Patra, and all post office time deposits during the April to June quarter of financial year 2023-24. A look at new interest rates from next month …

Finance Secretary defends higher investment limit in saving schemes, says…
1 year, 10 months ago

Finance Secretary defends higher investment limit in saving schemes, says…

Hindustan Times  

The decision to raise the investment ceilings in small savings schemes is aimed at benefiting senior citizens and the middle class who park funds in safe government deposit schemes offering higher returns than banks, Finance Secretary TV Somanathan has said. The government every quarter reviews and fixes the interest rate for small savings schemes The Budget 2023-24 raised the maximum …

Budget 2023: Senior Citizens Savings Scheme; Rs 30 lakh Deposit Limit, Check Interest Rate And Other Details
1 year, 10 months ago

Budget 2023: Senior Citizens Savings Scheme; Rs 30 lakh Deposit Limit, Check Interest Rate And Other Details

News 18  

For empowerment of senior citizens, the Union Budget 2023-24 announced that the maximum deposit limit for Senior Citizens Savings Scheme will be enhanced from the current Rs 15 lakh to Rs 30 lakh. Senior Citizens Savings Scheme interest rate Interest shall be payable from the date of deposit to 31st March/ 30th June/30th September/31st December on 1st working day of …

5 years post office FD vs NSC: Where should you make a tax saving investment?
1 year, 11 months ago

5 years post office FD vs NSC: Where should you make a tax saving investment?

Live Mint  

Investors can choose from a variety of instruments under government-backed post office savings schemes based on their objectives. Investors who open a post office fixed deposit for one year can get an interest rate of 6.6% per year; for accounts opened for two years, 6.8%; for accounts opened for three years, 6.9%; and for accounts opened for five years, a …

Interest Rate Hike On Post Office Time Deposits, Senior Citizen Savings Schemes, NSC Applicable From Today. Check Details
1 year, 11 months ago

Interest Rate Hike On Post Office Time Deposits, Senior Citizen Savings Schemes, NSC Applicable From Today. Check Details

ABP News  

New Delhi: The interest rate hike announced on small deposits including post office term deposits, NSC, and senior citizen savings scheme will be effective from today. What Investors Stand To Gain With the revision, National Savings Certificate will yield a 7 per cent interest rate from January 1 compared to 6.8 per cent at present. Similarly, the senior citizen savings …

National Saving Certificate scheme: Invest Rs 10 lakh in this scheme to get Rs 14 lakh in 5 years
2 years, 1 month ago

National Saving Certificate scheme: Invest Rs 10 lakh in this scheme to get Rs 14 lakh in 5 years

Firstpost  

Want to invest your money in a plan that gives you assured returns with minimal risk involved? The National Saving Certificate scheme offered by the Post Office gives substantial returns to investors quickly. Premature closure of NSC account: The closure of NSC is possible before the completion of five years in some cases, such as: Death of either the single …

Small Savings Vs Bank Deposits. Banks Continue To Remain Preferred Choice For Customers: Report
2 years, 1 month ago

Small Savings Vs Bank Deposits. Banks Continue To Remain Preferred Choice For Customers: Report

ABP News  

The government recently announced a hike in interest rates for small savings schemes after keeping the rates stagnant for nearly two years. In comparison, post office savings deposits under the small savings scheme have remained very low at just Rs 2.3 lakh crore. However, here again, the ratio of savings deposits under small savings to banks, has inched up from …

Post Office Savings Account Interest Rate Remains Unchanged For Q3 FY23
2 years, 2 months ago

Post Office Savings Account Interest Rate Remains Unchanged For Q3 FY23

News 18  

The government has increased the interest rates for a few small savings schemes for the October-December quarter of the fiscal year 2023. However, there was no change in the interest rates for many schemes including Public Provident Fund, National Savings Certificate and Post Office Savings. Currently, 4 per cent annual interest rate is offered on post office savings for individual …

PPF, NSC, Sukanya Samridhhi Account Offering Better Returns Than Bank FDs? Check Details
2 years, 3 months ago

PPF, NSC, Sukanya Samridhhi Account Offering Better Returns Than Bank FDs? Check Details

News 18  

Several banks have recently raised their interest rates on fixed deposits. Small savings schemes, including PPF, senior citizen savings scheme, National Savings Certificate and Sukanya Samriddhi Account Scheme, are currently offering interest rates up to 7.6 per cent, while major banks like PNB, SBI and HDFC Banks are providing an interest rate of around 6 per cent on FDs. The …

Get Rs 2.78 Lakh Return in 5 Years by Investing Rs 2 Lakh in This Scheme; Income Tax Benefits Extra
2 years, 5 months ago

Get Rs 2.78 Lakh Return in 5 Years by Investing Rs 2 Lakh in This Scheme; Income Tax Benefits Extra

News 18  

Post Office Savings Scheme Interest Rates: The government has recently said in an order that the interest rates of various small savings schemes including National Savings Certificate, Senior Citizens Savings Scheme and the Public Provident Fund, will remain unchanged for the July-September 2022 quarter even as inflation rates remained high in the country. National Savings Certificate: Features, Benefits and Eligibility …

Small savings schemes – an island in an ocean of rising rates
2 years, 5 months ago

Small savings schemes – an island in an ocean of rising rates

Live Mint  

Expectations were high, and probably rightly so, that the Ministry of Finance would announce a hike in the small savings scheme interest rates. Small savings schemes include many popular schemes such as the Post Office time deposits, the Public Provident Fund, the Senior Citizen Savings Scheme and the National Savings Certificate, among others. Deposit rates rising Ever since the Reserve …

Post Office Savings Scheme Gives 7.4% Interest to Senior Citizens; Check Details Here
2 years, 8 months ago

Post Office Savings Scheme Gives 7.4% Interest to Senior Citizens; Check Details Here

News 18  

Post Office Savings Scheme: For senior citizens in India who want a stable income, investing in post office savings schemes is one of the most popular forms of investments. To ensure senior citizens get a fixed income after their retirement, the post office has in place the Senior Citizen Savings Scheme, or SCSS. Opening an Account Under Post Office SCSS …

Post Office Scheme: Invest Rs 10,000 Each Month and Get Rs 16 Lakh Return at Maturity
2 years, 9 months ago

Post Office Scheme: Invest Rs 10,000 Each Month and Get Rs 16 Lakh Return at Maturity

News 18  

Post Office Recurring Deposit Account: Investing in Post Office schemes is something that one treats as the most reliable and safest way to keep their money. While investing in Fixed Deposits or Savings Accounts at banks is one option, another great alternative investing your money through the Post Office Savings Scheme, or more specifically, the Post Office Recurring Deposit Account. …

Post Office Savings Scheme: Post Office FDs Give Better Interest Than Banks; Know Details
2 years, 9 months ago

Post Office Savings Scheme: Post Office FDs Give Better Interest Than Banks; Know Details

News 18  

Post Office Savings Scheme: Fixed Deposits have a different kind of relationships with the middle class and senior citizens in India. The Post Office fixed deposit also offers various benefits, apart from guarantees from the government, as well as higher interest rates than that of banks. Starting with interest offerings of 5.5 per cent for one year FD scheme, the …

Post Office Savings Scheme: Invest in These Schemes to Get Better Return Than FD; Know More
2 years, 10 months ago

Post Office Savings Scheme: Invest in These Schemes to Get Better Return Than FD; Know More

News 18  

Post Office Savings Scheme: Investing in a good savings scheme has always been a priority for the middle class in India, who predominantly looks to invest in a policy with high rate of interest and guaranteed returns. While fixed deposits at banks cater to that need, the rate of interest and tax benefits are not as high as post office …

Post Office Savings Scheme: Deposit Rs 70 Daily to Get Rs 1.5 Lakh at Maturity. See How
2 years, 11 months ago

Post Office Savings Scheme: Deposit Rs 70 Daily to Get Rs 1.5 Lakh at Maturity. See How

News 18  

Post Office Savings Scheme: Indian citizens, largely across the lower middle class and middle class sections, always rely on savings schemes that guarantee an ensured returns at the time of maturity so that none of their hard-earned money is lost. Apart from those targetted at particular groups, the post office also provides savings schemes such as Recurring Deposits, where the …

Post Office Savings Scheme: Deposit Rs 8,334 Monthly to Get Rs 7 Lakh At Maturity
2 years, 11 months ago

Post Office Savings Scheme: Deposit Rs 8,334 Monthly to Get Rs 7 Lakh At Maturity

News 18  

Post Office Savings Scheme: Senior citizens in India are not yet too compatible with digital technology, as they are not tech savvy. To enable senior citizens get a fixed income after retirement, the post office has in place the Senior Citizen Savings Scheme, or SCSS. Post Office Senior Citizen Savings Scheme Calculator If a subscriber makes a deposit of Rs …

Post Office Scheme Gives you 6.6% Yearly Return: How to Invest, Eligibility, Key Details
2 years, 11 months ago

Post Office Scheme Gives you 6.6% Yearly Return: How to Invest, Eligibility, Key Details

News 18  

Post Office National Savings Monthly Income Account: The National Savings Monthly Income scheme offered by the India Post is one of the most popular risk-free savings schemes in the country. In a tweet dated December 13 last year, the India Post urged citizens to invest in its National Savings Monthly Income account. “Invest in National Savings Monthly Income Account and …

Post Office Savings Scheme: Get Rs 16 Lakh Return By Investing Rs 10,000 per Month
3 years, 3 months ago

Post Office Savings Scheme: Get Rs 16 Lakh Return By Investing Rs 10,000 per Month

News 18  

When one thinks of investing money in a safe and reliable way, the first thing that often comes to mind is the use of Fixed Deposit accounts or Savings accounts with your banks. You should consider investing your money through the Post Office Savings Scheme, or more specifically, the Post Office Recurring Deposit Account. The Post Office Recurring Deposit Account …

Post Office Savings Account: High Return, Tax Exemption, Other Key Features
3 years, 5 months ago

Post Office Savings Account: High Return, Tax Exemption, Other Key Features

News 18  

If you have been looking to earn some extra benefits while saving your hard-earned money, then depositing in a post office savings account could be a very good option. The interest on the post office saving account is calculated on the minimum balance between the 10th of every month and the last day of the month. Small saving instruments such …

This Post Office Savings Scheme Offers 6.8% Return Per Annum. Details Here
3 years, 6 months ago

This Post Office Savings Scheme Offers 6.8% Return Per Annum. Details Here

News 18  

In the testing times of COVID-19 pandemic earning and mere savings may not be enough to deal with the crisis. Under NSC, the depositors will get an interest rate of 6.8 per cent on their deposited money in Post Office banks. In the NSC scheme, 6.8 per cent of interest on depositor?s money will be compounded annually. If a depositor …

Interest Rate on PPF, NSC, Other Small Savings Schemes Unchanged for Q4
3 years, 11 months ago

Interest Rate on PPF, NSC, Other Small Savings Schemes Unchanged for Q4

News 18  

New Delhi:The government on Thursday kept the interest rates on small savings schemes, including PPF and NSC, unchanged for the January-March quarter amid moderating bank deposit rates. Public Provident Fund and National Savings Certificate will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively. Accordingly, the interest rate for the five-year Senior Citizens …

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