Where your PPF, Sukanya Samridhhi, Post Office money goes
4 years, 10 months ago

Where your PPF, Sukanya Samridhhi, Post Office money goes

Live Mint  

Attractive interest rates and sovereign guarantee make them very popular and the government has been able to raise huge sum through these instruments over the years. Small savings schemes, which include instruments like public provident fund and Sukanya Samridhhi account, are backed by the central government. Collections under various small saving schemes, net of withdrawals, during a financial year, form the sources of funds for National Small Savings Fund. Interest payment to subscribers of small savings schemes and cost of management constitute the expenditure of the fund and interest on central government securities, state government securities and loan advanced to public agencies forms the income of the fund. “Going forward, the increased reliance on small savings, in turn, would make it difficult for the government to cut small savings interest rate and thus bank deposit rates might be impacted, the report said.

Savings Interest Small Savings Schemes Fund Small Fci Post Office Nssf Public Agencies  crore  fund  public  interest  samridhhi  goes  sukanya  schemes  ppf  small  india  savings  money  nssf  post  office  net

History of this topic

Post office schemes' interest rates unchanged for January-March 2025. Check here
1 week ago

Post office schemes' interest rates unchanged for January-March 2025. Check here

India Today  

As we enter the final quarter of FY 2024-25, the government has announced that the interest rates for various small savings schemes, also known as Post office schemes, including Public Provident Fund, Senior Citizen Savings Scheme, Sukanya Samriddhi Yojana, and others, will remain unchanged for the period from January to March 2025. CURRENT INTEREST RATES FOR POST OFFICE SCHEMES The …

Small savings schemes: Interest rates on PPF, SSY, SCSS remain unchanged for January-March quarter; Check rates
1 week, 2 days ago

Small savings schemes: Interest rates on PPF, SSY, SCSS remain unchanged for January-March quarter; Check rates

Live Mint  

Small savings schemes: The central government has kept the interest rates unchanged on various small savings schemes for the January-March quarter of the financial year 2024-25. According to an official notification by the finance ministry on Tuesday, December 31, the government left the interest rates unchanged on various small savings schemes, including PPF and NSC, for the fourth straight quarter …

2025 may ring in small savings rate cuts
1 week, 4 days ago

2025 may ring in small savings rate cuts

The Hindu  

Investors in small savings schemes should brace themselves for a year of interest rate cuts, and the first reduction in returns on these schemes may come as early as this week when the government resets rates for the January to March quarter. Although the PPF rate has remained unchanged since then, the Centre began hiking rates on other small savings …

Public Provident Fund: Is PPF a smart investment tool for income tax savings and ITR filing?
2 weeks, 2 days ago

Public Provident Fund: Is PPF a smart investment tool for income tax savings and ITR filing?

Live Mint  

Public Provident Fund is a reliable mode of investing for people who want to save taxes while also earning substantial returns on their investments. The fact that PPF is exempt from taxes in all three phases—during investment, interest accumulation, and withdrawal—gives it an edge and makes it one of the best tax-saving options available under Section 80C of the Income …

Public Provident Fund: Is PPF a smart investment tool for income tax savings and ITR filing?
2 weeks, 2 days ago

Public Provident Fund: Is PPF a smart investment tool for income tax savings and ITR filing?

Live Mint  

Public Provident Fund is a reliable mode of investing for people who want to save taxes while also earning substantial returns on their investments. The fact that PPF is exempt from taxes in all three phases—during investment, interest accumulation, and withdrawal—gives it an edge and makes it one of the best tax-saving options available under Section 80C of the Income …

Post office schemes: 8 financial instruments offer assured return up to 8.2%
1 month, 3 weeks 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 …

Public Provident Fund vs Sukanya Samriddhi Yojana vs Post Office Fixed Deposit: Latest interest rates compared
1 month, 3 weeks ago

Public Provident Fund vs Sukanya Samriddhi Yojana vs Post Office Fixed Deposit: Latest interest rates compared

Live Mint  

Saving is a vital part of life, whether for retirement or building an emergency fund. Here, we compare the most recent interest rates for Post Office Fixed Deposits, Sukanya Samriddhi Yojana, and PPF. Sukanya Samriddhi Yojana latest interest rates Sukanya Samriddhi account is a popular savings option for Indian parents of daughters. Post Office Fixed Deposit's latest interest rates The …

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

Will Govt Increase Interest Rates Of Small Savings Schemes? Know Past Trends
4 months ago

Will Govt Increase Interest Rates Of Small Savings Schemes? Know Past Trends

News 18  

Small savings schemes in India are designed to provide individuals with safe and attractive options for saving money. Small Savings Scheme Interest Rate 2024 The government, in June, had decided to maintain the current interest rates on all small savings schemes for the July to September period. “The rates of interest on various small savings schemes for the second quarter …

PPF, Post Office Deposits, SSY: Govt Keeps Interest Rates Unchanged On Small Savings Schemes for Q2 FY25
6 months, 1 week ago

PPF, Post Office Deposits, SSY: Govt Keeps Interest Rates Unchanged On Small Savings Schemes for Q2 FY25

News 18  

The government on Friday kept the interest rates unchanged on small savings schemes, including Public Provident Fund, Sukanya Samriddhi Yojana, Senior Citizens Savings Schemes and post office time deposits, for July-September 2024, according to a notification by the finance ministry on Friday. Interest rates on small savings schemes like PPF, post office savings and term deposits, NSC and SSY, are …

Here are the latest interest rates of PPF, NSC, KVP, SSY and other small savings schemes from April 1 onwards
9 months, 1 week 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
10 months 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
10 months, 1 week 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, 2 months 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 …

Senior citizens savings scheme collection spikes, PPF rates remain same
1 year, 2 months ago

Senior citizens savings scheme collection spikes, PPF rates remain same

Live Mint  

Total collections made under small savings schemes witnessed a jump in September quarter, with deposits for the Senior Citizens Savings Scheme rising nearly 2.5 times year-on-year to ₹74,675 crore, reported Indian Express. The interest rate for Senior Citizens Savings Scheme was raised to 8.2 per cent from 8 per cent in June quarter this year and has been kept unchanged …

Small Savings Schemes: Govt Likely To Keep Interest Rates Unchanged For October-December 2023, Says Expert
1 year, 4 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 …

No small change: on the raising of returns on small savings schemes
1 year, 8 months ago

No small change: on the raising of returns on small savings schemes

The Hindu  

Indian households’ financial surpluses parked in small savings schemes operated by banks and post offices got a significant fillip this quarter, with the government raising the returns on most such schemes by 0.1 to 0.7 percentage points. For October 2022 to December 2022, a mere 0.1 to 0.3 percentage hike was announced on just five of the dozen small savings …

Despite hikes, small savings scheme rates still to catch up
1 year, 8 months ago

Despite hikes, small savings scheme rates still to catch up

The Hindu  

Despite successive hikes in the interest rates on several small savings instruments in the last three quarters, the returns on five such schemes are still significantly lower than what they should have fetched as per the formula adopted for them. For the current quarter, interest rates on most small savings instruments were raised by 10-70 bps, barring the Public Provident …

Bank FD Vs Small Savings Schemes: Which Gives More Returns? PPF, NSC, SSY Latest Interest Rates
1 year, 9 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. …

PPF, Sukanya Samriddhi Account interest rate hike may remain elusive
1 year, 9 months ago

PPF, Sukanya Samriddhi Account interest rate hike may remain elusive

The Hindu  

Investors in the popular small saving schemes Public Provident Fund and Sukanya Samriddhi Account, whose rates have not been hiked since January 2019, are unlikely to get higher returns anytime soon, a top government official has indicated. The last time the PPF and SSA rates were tweaked was when they were slashed sharply in April 2020 along with the returns …

Govt hikes interest rates on small deposits, NSC and post office deposits from Jan 1; no change in PPF rate
2 years ago

Govt hikes interest rates on small deposits, NSC and post office deposits from Jan 1; no change in PPF rate

India TV News  

Interest rates hike: In accordance with firming interest rates in the economy, the Central government on Friday hiked the interest rates on small deposits by up to 1.1 percentage points from January 1. According to reports, the interest rates have also been raised on post office term deposits, National Saving Certificate and senior citizen savings schemes. However, the interest rates …

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, KVP, Post Office Deposits; Check Latest Interest Rates On Small Savings Schemes
2 years, 3 months ago

PPF, KVP, Post Office Deposits; Check Latest Interest Rates On Small Savings Schemes

News 18  

Latest Interest Rates On Small Savings Schemes: After over two years of remaining unchanged, the government has revised upwards the interest rates on small savings schemes, including Kisan Vikas Patra and time deposits, up to 30 basis points for October-December 2022. Interest rates have been revised upwards for Kishan Vikas Patra, senior citizens savings scheme, monthly income account scheme, and …

Small savings rates raised by 10-30 bps; PPF, NSC excluded
2 years, 3 months ago

Small savings rates raised by 10-30 bps; PPF, NSC excluded

Deccan Chronicle  

New Delhi: After a gap of nine quarters, the central government on Thursday raised interest rates on a handful of small savings schemes that do not get income tax benefit. With the revision, a three-year time deposit with post offices would earn 5.8 per cent from the existing 5.5 per cent, for the third quarter of the current financial year. …

Small Savings Scheme: Will Govt Raise Interest Rates For October-December 2022?
2 years, 3 months ago

Small Savings Scheme: Will Govt Raise Interest Rates For October-December 2022?

News 18  

Interest rates on small savings schemes, including PPF, Sukanya Samriddhi Yojana and Senior Citizens Savings Scheme, have remained unchanged since the first quarter of 2020-21. A senior banker told news18.com that the government will monitor the country’s liquidity position and inflation before deciding on the interest rates of small savings schemes. The finance ministry had said, “The rates of interest …

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 …

PPF, Senior Citizen Scheme, Others: Want to Invest? Check How Much Return You Will Get
2 years, 6 months ago

PPF, Senior Citizen Scheme, Others: Want to Invest? Check How Much Return You Will Get

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 Sukanya Samriddhi Yojana, 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. As per the latest circular Public Provident …

Small savings schemes – an island in an ocean of rising rates
2 years, 6 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 …

PPF, NSC, Other Small Savings Schemes Interest Rates Kept Unchanged For July-September
2 years, 6 months ago

PPF, NSC, Other Small Savings Schemes Interest Rates Kept Unchanged For July-September

News 18  

The central government on Thursday decided to keep interest rates unchanged on small savings schemes, including Sukanya Samriddhi Yojana, Senior Citizens Savings Scheme or Public Provident Fund, for the July-September 2022 quarter. The post office savings deposits will now continue to offer an interest rate of 4 per cent per annum. National Saving Certificates and Kisan Vikas Patra are currently …

PPF, Sukanya Samriddhi, Senior Citizen Scheme: Govt to Hike Rates for September Quarter?
2 years, 6 months ago

PPF, Sukanya Samriddhi, Senior Citizen Scheme: Govt to Hike Rates for September Quarter?

News 18  

Post Office Savings Scheme Interest Rates: Stock markets and cryptocurrencies have recently been volatile, with traders experiencing huge losses in several sessions. Small savings schemes, including post office savings schemes like PPF, SSY and senior citizens savings scheme have their interest rates set by the government at the beginning of each quarter. 5-year Monthly Income Account: 6.6 per cent Post …

EPF Interest At 4-Decade Low: Here're Current Rates Offered By PPF, NSC, Kisan Vikas Patra
2 years, 7 months ago

EPF Interest At 4-Decade Low: Here're Current Rates Offered By PPF, NSC, Kisan Vikas Patra

News 18  

The government has ratified a four-decade-low interest rate of 8.1 per cent on employees’ provident fund deposits for 2021-22. Post office savings deposits offer an interest rate of 4 per cent per annum, while time deposits of the tenure 1-3 years offer 5.5 per cent per annum. National Saving Certificates and Kisan Vikas Patra are offering annual interest rates of …

PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi Interest Rates May Hike Soon; Know Here
2 years, 7 months ago

PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi Interest Rates May Hike Soon; Know Here

News 18  

Post Office Savings Scheme: Lakhs of Indian citizens, especially those who have a low risk appetite, depend on various post office savings schemes designed for specific groups or individuals. Keeping that in mind, investors of the National Savings Certificate, Sukanya Samriddhi Yojana, Senior Citizens Savings Scheme or Public Provident Fund are likely to get a good news later next month. …

Public Provident Fund: Here are 7 things you should know about PPF scheme
2 years, 8 months ago

Public Provident Fund: Here are 7 things you should know about PPF scheme

Live Mint  

Public Provident Fund is one of the most popular saving scheme with limited risk-free investment tool. As per the PPF loan rules, an account holder can get loan against PPF account from 3rd to 6th year of PPF account opening and the PPF loan interest rate is just 1 per cent. Gaurav Kapoor said another feature PPF offers is loan …

PPF, Senior Citizen Savings Scheme Offering Better Returns Than Bank FDs? Know In Details
2 years, 8 months ago

PPF, Senior Citizen Savings Scheme Offering Better Returns Than Bank FDs? Know In Details

News 18  

Even as fixed deposits are now giving slightly more returns than earlier since several banks have recently raised their interest rates on them, small savings schemes are still offering more attractive returns. The returns on small savings schemes, such as PPF, senior citizen savings scheme, National Savings Certificate and Sukanya Samriddhi Account Scheme, range between 4 per cent and 8.1 …

PPF, NSC, small savings schemes interest rates announced | Check full list
2 years, 9 months ago

PPF, NSC, small savings schemes interest rates announced | Check full list

India Today  

Interest rates on small savings schemes, including NSC, PPF, and Sukanya Samriddhi Yojana, were announced by the government on Thursday. PPF, NSC INTEREST 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, in the first quarter. "The rate of interest on various small savings …

PPF Account Opening in Post Office: Here's a Step-by-Step Guide to Open PPF
3 years ago

PPF Account Opening in Post Office: Here's a Step-by-Step Guide to Open PPF

News 18  

Account holders should be aware that in order to make digital payments, they should first have an India Post Payments Bank Savings Bank Account. The post office saving schemes can be opened physically at a post office by filling an account opening application form or digitally using the India Post Payments Bank App. Currently, there are nine active schemes – …

PF, PPF, Senior Citizen Scheme Interest for This Quarter: Know Rates Before Investing
3 years, 3 months ago

PF, PPF, Senior Citizen Scheme Interest for This Quarter: Know Rates Before Investing

News 18  

Bringing a good news for investors, the government has kept the post office small savings schemes interest rates unchanged for the October-November-December 2021 quarter. The interest rate on PPF remains at 7.1 per cent per annum while for the Senior Citizen Savings Scheme, the interest rate is 7.4 per cent per annum. The 5-year Monthly Income Account Scheme is offering …

PPF, Sukanya Samriddhi, NSC Interest Rates Remain Unchanged for Next Quarter
3 years, 6 months ago

PPF, Sukanya Samriddhi, NSC Interest Rates Remain Unchanged for Next Quarter

News 18  

Finance ministry has kept the interest rates on small saving schemes such as Public Provident Funds, Senior Citizens Saving Schemes, National Saving Certificate, Kisan Vikas Patra unchanged for the July-September quarter. Among the other small savings schemes, the Sukanya Samriddhi Yojana will now attract an interest of 7.6 per cent per annum. For deposits accounts with five years tenure, individuals …

Why small savings rates won’t be cut
3 years, 6 months ago

Why small savings rates won’t be cut

Live Mint  

MUMBAI : The accounts of the central government for the fiscal year 2020-21 were published recently. This marked jump in the food subsidy bill—fuelled only in part by the pandemic—should make it easier for the government to cut the interest rates on small savings schemes, which include schemes like the National Savings Certificate, Public Provident Fund, Senior Citizens Savings Scheme, …

EPF, PPF interest rate should be equal — suggests SBI research team
3 years, 8 months ago

EPF, PPF interest rate should be equal — suggests SBI research team

Live Mint  

The State Bank of India economic research team led by Dr. Soumya Kanti Ghosh has advised Government of India to bring parity in Employees' Provident Fund and Public Provident Fund interest rate. The SBI research team made this suggestion while showcasing its findings on whether Indians have become more risk averse post-market aberrations in 2008? The SBI research team went …

Nirmala Sitharaman tweets small savings rate cut order to be withdrawn; Congress calls it 'poll-driven hindsight'
3 years, 9 months ago

Nirmala Sitharaman tweets small savings rate cut order to be withdrawn; Congress calls it 'poll-driven hindsight'

Firstpost  

On Wednesday, in a jolt to savers, the finance ministry had reduced interest rate by up to 1.1 percent across various small savings schemes In a tweet on Thursday morning that simultaneously gave rise to cheer and dismay, Finance Minister Nirmala Sitharaman said that the “interest rates of small savings schemes will continue to be at the rates which existed …

Government withdraws cut in interest rates on PPF, NSC and other small savings schemes
3 years, 9 months ago

Government withdraws cut in interest rates on PPF, NSC and other small savings schemes

India TV News  

The Central government has rolled back cuts on interest rates on small savings schemes. "Interest rates of small savings schemes of the Government of India shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021. While the interest on savings deposit was cut from 4 per cent …

Govt Cuts Interest Rates on Small Savings From 4% to 3.5% With Effect From April 1; Provident Fund Rate Down by 0.7%
3 years, 9 months ago

Govt Cuts Interest Rates on Small Savings From 4% to 3.5% With Effect From April 1; Provident Fund Rate Down by 0.7%

News 18  

The government on Wednesday cut interest rates on small savings schemes, including NSC and PPF, by up to 1.1 per cent for the first quarter of 2021-22 in line with falling fixed deposit rates of banks. Interest rate on Public Provident Fund has been reduced by 0.7 per cent to 6.4 per cent while National Savings Certificate will now earn …

Govt cuts interest rates on small savings schemes, PPF hits 46-year low of 6.4%
3 years, 9 months ago

Govt cuts interest rates on small savings schemes, PPF hits 46-year low of 6.4%

India Today  

The Finance Ministry on Wednesday announced a sharp cut in interest rates for small savings schemes for the first quarter of the financial year 2021-22. The interest rate for National Savings Certificate was also slashed to 5.9 per cent from 6.8 per cent, while Sukanya Samriddhi Account’s scheme has been from 7.6 per cent to 6.9 per cent. As per …

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

PPF, SSY and Kisan Vikas Patra: What are 'Small Saving Schemes' and their Importance?
4 years, 1 month ago

PPF, SSY and Kisan Vikas Patra: What are 'Small Saving Schemes' and their Importance?

News 18  

The general excuse for most middle-class families for not saving enough is that the earning is not remotely enough that one can think about stashing something away as savings. It is for these people we have the Small Savings Schemes like the Sukanya Samridhi Yojana, Public Provident Fund, Kisan Vikas Patra and National Savings Certificate. This scheme provides a maximum …

Public Provident Fund: How to open PPF account and why it is safest investment option
4 years, 1 month ago

Public Provident Fund: How to open PPF account and why it is safest investment option

India TV News  

The Public Provident Fund has been one of the favourite investment destinations for decades. As per the rule, an individual can open only one PPF account and can deposit a maximum of Rs 1.5 lakh every year. "The PPF interest rate is reviewed and announced by the central government every quarter. The major benefits of investing in PPF are that …

Govt Keeps Interest Rates on Small Savings Schemes Unchanged for Oct-Dec Quarter
4 years, 3 months ago

Govt Keeps Interest Rates on Small Savings Schemes Unchanged for Oct-Dec Quarter

News 18  

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. 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. Later, a finance ministry notification said the rates of interest …

PPF, NSC investments can now be made at any branch post office
4 years, 5 months ago

PPF, NSC investments can now be made at any branch post office

Live Mint  

Making it easier for you to invest in any government small saving schemes like PPF, NSC, etc, the postal department has now extended such schemes upto the branch post office level. "In order to strengthen its network and postal operations in rural areas and provide facility of small savings scheme to the vast majority in villages, the Department of Posts …

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