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 savings schemes. Post office savings schemes, backed by the government, comes with interest rates ranging between 5.5 per cent to 7.6 per cent, depending upon the scheme you are choosing. Best Post Office Schemes with High Interest Rate and Tax Benefits Public Provident Fund: PPF account is a 15-year policy that provides a high interest rate of 7.1 per cent and comes with income tax benefits wherein the interest earned is tax free. The post office savings schemes, backed by the government, aims to cater to the needs of those who want risk-free savings and also want to reduce tax liability.

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History of this topic

6 Tax-Saving Investments To Consider Before The Year-End
3 weeks ago

6 Tax-Saving Investments To Consider Before The Year-End

ABP News  

With 2024 about to conclude, it is time to finalise and submit investment proofs to your employer. Equity Linked Savings Schemes ELSS are tax-saving mutual funds that invest largely in stock markets and offer tax deductions up to Rs 1.5 lakh per year under Section 80C of the Income Tax, 1961. Moreover, investments in tax-saver FDs up to Rs.1.5 lakh …

Why You Should Care About Post Office Interest Rates
4 weeks, 1 day ago

Why You Should Care About Post Office Interest Rates

New Indian Express  

What Makes Post Office Interest Rates Unique? This stability makes post office interest rates particularly attractive to individuals seeking predictable outcomes for their savings. Popular Post Office Savings Schemes Several schemes under the post office umbrella cater to different needs, ensuring that there is something for everyone. Post Office Savings Account The basic savings account offered by post offices ensures …

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 …

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 …

How Post Office Monthly Income Scheme Can Be A Lifeline For Middle-Class Families
9 months, 2 weeks ago

How Post Office Monthly Income Scheme Can Be A Lifeline For Middle-Class Families

News 18  

For middle-class individuals reliant on monthly salaries to cover living expenses, fluctuations in monthly expenditures can lead to financial strain, especially towards the latter half of the month. Among the various savings schemes available at post offices, the Monthly Income Scheme stands out for its promise of steady income with guaranteed returns. Currently, the Post Office Monthly Income Scheme offers …

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 …

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 …

All You Need To Know About Govt's Senior Citizen Savings Scheme
1 year, 7 months ago

All You Need To Know About Govt's Senior Citizen Savings Scheme

News 18  

The Senior Citizen Savings Scheme has been launched by the government to help elderly people save more money for their later years. Senior Citizen Savings Scheme investments receive 8.2% interest from banks and post offices. Seniors now have more investment options than ever, thanks to SCSS’s current interest rate of 8.2%, but those who opened accounts in the programme earlier …

5 Post Office Saving Schemes That Offer Tax Benefits Under Section 80C
1 year, 8 months ago

5 Post Office Saving Schemes That Offer Tax Benefits Under Section 80C

News 18  

You might have heard people discussing several post office saving schemes. Furthermore, these schemes also offer tax benefits up to Rs 1.5 lakh under Section 80C of the Income Tax Act. Let us take a look at five post office saving schemes and you can select the one that suits your investment objectives in the best way. Investment of up …

Senior Citizens Savings Scheme: Govt To Mop Up Rs 75,000 Crore in FY24, Know About this Scheme
1 year, 10 months ago

Senior Citizens Savings Scheme: Govt To Mop Up Rs 75,000 Crore in FY24, Know About this Scheme

News 18  

The maximum investable amount of the senior citizen savings scheme could mobilise Rs 75,000 crore. To open the account under the senior citizen savings scheme, minimum deposit of Rs 1,000 is required in the multiples thereof with maximum deposit of Rs 30 lakh. Senior Citizens Savings Scheme Interest Rate Interest shall be payable from the date of deposit to 31st …

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 …

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 …

Senior Citizen? Want Better Returns Than FD, Tax Benefits, Regular Income Post Retirement? Do This
2 years, 5 months ago

Senior Citizen? Want Better Returns Than FD, Tax Benefits, Regular Income Post Retirement? Do This

News 18  

If you are a senior citizen and wants a regular stream of income and tax saving benefits, the Senior Citizens Savings Scheme is the scheme you should consider. It is a government retirement saving scheme that helps senior citizens receive quarterly interest payments along with tax benefits. For instance, Punjab National Bank offers interest rates in the range of 3.50-5.75 …

Senior Citizens Savings Scheme: Interest Rates, Tax Benefits, Who Can Invest, Key Details
2 years, 5 months ago

Senior Citizens Savings Scheme: Interest Rates, Tax Benefits, Who Can Invest, Key Details

News 18  

Senior Citizens Savings Scheme: The government has recently announced interest rates for several small savings schemes including the Public Provident Fund, Sukanya Samriddhi Yojana and the Senior Citizens Savings Scheme. What are the Features of Senior Citizens Savings Scheme -A person can open an SCSS account with a minimum deposit of Rs 1,000, while the maximum can be raised to …

Tax Saving FD for Senior Citizens: 10 banks Offer Highest Interest Rates; Check List
2 years, 6 months ago

Tax Saving FD for Senior Citizens: 10 banks Offer Highest Interest Rates; Check List

News 18  

Tax Saving Fixed Deposit: Fixed deposit schemes at banks or the post office act as a sustainable means for those investors with lower risk taking appetite. Tax saving FD are offered by all banks, and come with a fixed rate of interest, while allowing consumers to save on income tax. The interest earned from fixed deposit will only attract Tax …

Post Office Savings Scheme: Earn Rs 4,950 Monthly With Post Office MIS Account; See How
2 years, 7 months ago

Post Office Savings Scheme: Earn Rs 4,950 Monthly With Post Office MIS Account; See How

News 18  

Post Office National Savings Monthly Income Account: The National Savings Monthly Income scheme offered by the post office, or India Post, is a go-to option for Indians who look to save money and get a good return without having to risk their wealth. In addition, investors can receive an interest of nearly Rs 5,000 per month by putting their money …

Senior Citizen Savings Scheme Offers 7.4% Interest per Annum; Know Eligibility, Other Benefits
2 years, 7 months ago

Senior Citizen Savings Scheme Offers 7.4% Interest per Annum; Know Eligibility, Other Benefits

News 18  

In India, senior citizens often depend on bank fixed deposits or recurring deposits for a regular income after their retirement. The Senior Citizen Savings Scheme, or SCSS, is a special savings scheme specifically designed for the older population. Features of Senior Citizens Savings Scheme -An individual can open an SCSS account with a minimum deposit of Rs 1,000, while the …

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 MIS Account: Invest Rs 1,000 to Get Monthly Returns; Here's How
2 years, 8 months ago

Post Office MIS Account: Invest Rs 1,000 to Get Monthly Returns; Here's How

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. The Post Office Monthly Income Scheme also guarantees fixed returns to investors at the rate of which the money was invested initially. One must also note that the interest for …

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 …

Telangana Circle’s post offices covered under Core Banking Solution
2 years, 10 months ago

Telangana Circle’s post offices covered under Core Banking Solution

The Hindu  

In an effort to bring about ease in transferring funds, 846 post offices in the Telangana Postal Circle have now been brought under the Core Banking Solution. It also allows easy access to mobile banking, ATMs and online funds transfer between post offices. For that India Post is offering several savings schemes assuring all rural poor especially women access to …

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: Invest Rs 95 Daily to Get Rs 14 lakh in Return. Details Here
2 years, 11 months ago

Post Office Scheme: Invest Rs 95 Daily to Get Rs 14 lakh in Return. Details Here

News 18  

Post Office Savings Scheme: Savings schemes from the government-backed post office has always remained popular among middle class and lower middle class citizens in India. Key Features of Gram Sumangal Scheme – The scheme has flexible policy terms of 15 years and 20 years, making it easier for the investor to choose. – The survival benefits for the 15 year …

Post Office Scheme: Invest Rs 1,411 per Month to Get Rs 35 Lakh Return At Maturity
2 years, 11 months ago

Post Office Scheme: Invest Rs 1,411 per Month to Get Rs 35 Lakh Return At Maturity

News 18  

Post Office Savings Scheme: The India Post often comes up with schemes targetted at the rural population. For this, the India Post has come up with the Gram Suraksha Scheme under its Rural ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Postal Life Insurance​ schemes programme. Under the Gram Suraksha Yojana, or Gram Suraksha Scheme, of the post office, an investor can get up to Rs 35 lakh …

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 …

PPF Account Opening in Post Office: Here's a Step-by-Step Guide to Open PPF
2 years, 11 months 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, 2 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 …

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 …

Investment Tips: This Post Office Scheme Keeps Your Money Safe And Pays More Interest Than FD
3 years, 4 months ago

Investment Tips: This Post Office Scheme Keeps Your Money Safe And Pays More Interest Than FD

ABP News  

Investment Tips: Post office schemes have always been considered a good option for investment. Today we are going to tell you about a post office scheme, by investing in them you can get more interest than FDs of many banks. This post office scheme is Kisan Vikas Patra Savings Scheme. How much interest these banks are paying on two-and-a-half year …

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 …

Did You Know Post Office Savings Account Interest Up To Rs3,500 Is Tax Exempted? Check Other Details Here
3 years, 5 months ago

Did You Know Post Office Savings Account Interest Up To Rs3,500 Is Tax Exempted? Check Other Details Here

ABP News  

New Delhi: Did you know that interest earned on a post office savings account of up to Rs 3,500 in a financial year is tax exempted? The interest rate on the savings account of the State Bank of India is 2.7 percent while a post office savings account offers you 4 percent interest. The interest on the post office savings …

This Govt Scheme Offers 7.4% Returns Amid Record Low Interest Rates. Details Here
3 years, 6 months ago

This Govt Scheme Offers 7.4% Returns Amid Record Low Interest Rates. Details Here

News 18  

Senior citizens often depend on banks FDs for a regular income after retirement. One attractive investment option for the elderly population, including people who are 60 or above, is the Senior Citizens Savings Scheme. The Senior Citizens Savings Scheme provides an annual return rate of 7.4 per cent. In addition to individual accounts, banks within the Senior Citizens Savings Scheme …

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 …

Savings Account, PPF Account, SSY and Time Deposits: Here are the Top Posts Office Tax Saving Schemes
3 years, 11 months ago

Savings Account, PPF Account, SSY and Time Deposits: Here are the Top Posts Office Tax Saving Schemes

News 18  

Post offices offer a host of reliable small saving schemes that have risk-free returns. Any Indian citizen who has attained the age of 18 years can invest individually or on behalf of a minor under post office tax saving schemes. Some of the top tax-saving schemes include the post office savings account, PPF account, SSY, time deposits, among others. Savings …

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