Thu, Apr 11, 2024
Post Office Recurring Deposit (RD) Small Savings Scheme Account: Ever wondered what kind of interest rates does the India Post offer on the government-backed, fixed-income recurring deposit scheme? For the quarter ending June 30, 2024, the post office RD scheme pays interest at the rate of 6.7 per cent per annum (compounded quarterly). The scheme allows monthly investments of Rs 100 and above (in multiples of Rs 10 thereof) with a maturity period of five years with a premature withdrawal option after the first three years. Learn with examples how your monthly investment ranging from Rs 5,000 to Rs 20,000 grows in this small savings scheme.
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Sat, Feb 10, 2018
Ajay Tygai said mutual fund is the right route for retail investors to participate in the capital markets
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A TIP makes the financial plan death-proof and allows you to do SIPs to earn returns.
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