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 account The post office savings account can be opened in order to gain a guaranteed interest rate. Time deposit schemes The maximum lock-in period is 5 years in case of post office time deposit schemes.

Tax Office Interest Post Schemes Deposit Tax Benefits 5 Years Ppf Account Time Deposits Rs Savings  posts  interest  tax  15  ssy  deposits  schemes  rs  savings  saving  office  deposit  ppf  account  post

History of this topic

Public Provident Fund: What are the PPF account rules for non-residents?
4 weeks ago

Public Provident Fund: What are the PPF account rules for non-residents?

Live Mint  

My daughter settled in the UK after her marriage in 2021 and is a British passport holder. 1.5 lakh every year in her PPF account till maturity just to keep it alive, or it should/can be closed before the initial maturity period of 15 years. As per the Public Provident Fund Scheme 2019 read with the Government Savings Promotion General …

From ELSS to PPF: 7 key tax-saving investments you should make before the financial year ends
1 month ago

From ELSS to PPF: 7 key tax-saving investments you should make before the financial year ends

Live Mint  

If you plan to file your income tax return under the old tax regime, you can start making investments in some tax-free instruments in order to claim deduction under section 80C before the financial year comes to an end. Under section 80C of Income Tax, taxpayers can claim tax deduction against their investment in a few select saving instruments which …

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 …

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

PPF, Post Office Deposits, SSY: Govt Keeps Interest Rates Unchanged On Small Savings Schemes for Q2 FY25
5 months, 3 weeks 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 …

Post Office Time Deposit Scheme: Know Interest Rate And Lock In Period
10 months, 3 weeks ago

Post Office Time Deposit Scheme: Know Interest Rate And Lock In Period

News 18  

Banks and financial institutions surely do provide a variety of investment schemes that appeal to different sections of the societal hierarchy. If you want a safe deposit with good returns, the Time Deposit Scheme run by the post office is a good option. Any citizen of India may register for the Post Office Time Deposit Scheme. If you invest money …

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 …

Govt hikes interest rates on small deposits, NSC and post office deposits from Jan 1; no change in PPF rate
1 year, 11 months 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 Account in Post Office: Know Features, Tax Benefits, Interest Rates of Public Provident Fund
2 years, 3 months ago

PPF Account in Post Office: Know Features, Tax Benefits, Interest Rates of Public Provident Fund

News 18  

Public Provident Fund Calculator: The Public Provident Fund, or PPF, was launched by the Indian government years ago to benefit small savers, who do not have a risk taking appetite. PPF provides one of the highest interest rates among small savings schemes at 7.1 per cent per annum. Here is How You Can Withdraw PPF Money For premature withdrawals, a …

Post Office Savings Account: All you need to know
2 years, 4 months ago

Post Office Savings Account: All you need to know

Hindustan Times  

A Post Office Savings Account is one of the most well-known and accessible savings accounts in the country. Also, under Section 80TTA of the Income Tax Act, a PO account is eligible for tax exemption for interest of up to ₹10,000 earned in a financial year. At the end of each financial year, the account balance should be at least …

PPF, Sukanya Samriddhi, Senior Citizen Scheme: Govt to Hike Rates for September Quarter?
2 years, 5 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 …

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

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

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 Scheme Will Offer 7.1% Return, Better than Bank FDs; Know Details
2 years, 10 months ago

Post Office Scheme Will Offer 7.1% Return, Better than Bank FDs; Know Details

News 18  

Public Provident Fund is a long-term investment option that comes with a sovereign guarantee. Post Office PPF: Online Transaction Post Office account holders can easily carry out basic banking transactions easily through India Post Payment Bank. Step-By-Step Guide for Transferring Money in your Post Office PPF through IPPB: Add money from your bank account to your IPPB account. If you …

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 …

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 – …

PPF Update: Interest, Eligibility, How to Open PPF Account, Tax Benefits
3 years, 2 months ago

PPF Update: Interest, Eligibility, How to Open PPF Account, Tax Benefits

News 18  

The Public Provident Fund or PPF is one of the most popular, long term investment options in India. The Public Provident Fund is one of the very few investment options that enjoy the perks of the government’s triple tax exemptions, also known as the exempt-exempt-exempt status. This means that the PPF account holder is eligible to get tax exemptions thrice, …

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 …

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 …

PPF deposit, Sukanya Samriddhi account opening relaxations end on July 31
4 years, 5 months ago

PPF deposit, Sukanya Samriddhi account opening relaxations end on July 31

Live Mint  

In view of the coronavirus crisis, the government has relaxed deposit, extension and account opening rules for many small savings schemes including Public Provident Fund or PPF and Sukanya Samriddhi Yojana. The government has allowed PPF subscribers to make deposits till 31st July in their accounts for FY 2019-20 subject to the condition of maximum deposit ceiling of ₹1.5 lakh. …

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