Thu, Mar 28, 2024
NSC small savings scheme interest rate latest update: The Post Office National Savings Certificates (NSC), also known as the NSC small savings scheme, turns a one-time investment of Rs 10,000 into Rs 14,490 over a maturity period of five years, according to the India Post website, indiapost.gov.in. Going by the same calculation, a sum of Rs 50,000 invested in this guaranteed, government-backed scheme grows into Rs 72,452 (principal of Rs 50,000 and interest of Rs 22,452) in the five-year period. One can invest any amount in multiples of Rs 100 starting at Rs 1,000 in this post office certificate scheme without any upper limit. For the final quarter of FY24, the NSC scheme delivers a return of 7.7 per cent compounded annually and payable at maturity. Read on to know more about this investment plan.
More >
Wed, Mar 27, 2024
Monthly Income Scheme (MIS) at Post Office: Did you know that you can earn monthly interest ranging from Rs 6 to Rs 9,250 for five years against a one-time deposit to the tune of Rs 1,000-15,00,000 in a special, guaranteed income small savings scheme at the post office? Formally known as the National Savings Monthly Income Account (MIS), this savings plan enables depositors to park their funds to earn interest every month for the entire maturity period of five years. And what is the interest rate of the MIS plan? Currently, the scheme delivers a return of 7.4 per cent (paid monthly). Read on to learn all about this investment plan with examples.
Thu, Feb 29, 2024
5-year SBI FD vs 5-year post office FD: Did you know that money parked in a five-year fixed deposit (FD) not only grows steadily and safely but also helps you avail income tax benefits up to Rs 1.5 lakh in a financial year? This article compares two such term deposit instruments. Read on to learn more.
Sun, Jan 31, 2021
Whole Life Assurance (Suraksha) - This is a scheme where the assured amount with accrued bonus is payable to the insured either on attaining the age of 80 years, or to his/her legal representatives or assignees on death of the insured, whichever occurs earlier, provided the policy is in force on the date of claim
Mon, Jan 18, 2021
PPF Account: Post Office Schemes offer nine types of small saving schemes and Public Provident Fund (PPF) is one of them. Most of these Post Office Schemes provide income tax exemption under EEE (investment, interest earned and maturity amount) category. This income tax exemption is available under Section 80C of the Income Tax Act (ITA)
Thu, Jan 07, 2021
These schemes could be opened by visiting your nearest post office or bank with as less as Rs 1,000. Recently, it has made minimum deposit of Rs 500 mandatory in Post office savings account. Currently, it offers 9 saving schemes. We will find out some of the important saving schemes offered by the India Post here.
If we go by the experts' advice, an investor investing in Bank FD may lose money in case the bank becomes a defaulter.
Wed, Jan 06, 2021
SBI Vs HDFC Bank Vs ICICI Bank Vs Post Office FD: Here is how investors can earn more money.
Tue, Dec 08, 2020
If you are also one of those planning to invest money in safe instrument, you should check out this scheme that comes with government’s assurance of doubling your money.
Sun, Nov 29, 2020
There is a post office scheme which assures long-term wealth generation without any risk and is not only safe but gives you long-term wealth appreciation by investing as little as just Rs 100 per month
Thu, Oct 01, 2020
The government has kept small savings interest rate unchanged for October to December 2020 quarter. That means Post Office Schemes will continue to fetch 6.8 per cent per annum for investors.
Thu, Sep 10, 2020
Post Office Savings Scheme: The claims with respect to deceased account or certificate holder of Post Office Small Savings Scheme (SSC) can be settled easily by following these simple steps. The official website prescribes certain ways which need to be followed in order to settle claims in the event of an unfortunate death of the account holder. Know here how to do it!
Tue, Sep 08, 2020
If you are looking for investments in Small Saving Scheme (SSC), then you must know about this Post Office Scheme which is a popular investment option and can be opened in any nearby post office easily. This scheme is called Post Office Time Deposit Account (TD) and it can be opened with minimum Rs 1000
Thu, Sep 03, 2020
If you are looking for a monthly income then this would be of interest to you. This small savings scheme called the Post Office Monthly Income Scheme or MIS gives you a viable investment alternative. It is easy to open an account and the interest rate offered in this scheme is much better than parking all your money in savings account. Know about this scheme here!
Tue, Aug 04, 2020
Undoubtedly, Post Office Savings Schemes are considered as probably one of the best savings instruments due to the safety, security and financial stability benefits they provide.
Sat, Aug 01, 2020
Post Office MIS Scheme Calculator: An earning individual (either salaried or businessman) always wants a fixed regular income other than the regular avenue for revenue. Post Office Monthly Income Scheme (MIS) is one such option.
Sat, Jul 25, 2020
The Department of Posts has extended all small savings schemes up to the branch post office level, with a view to strengthen its network and operations in rural areas.
Tue, Jul 14, 2020
Post Office Saving Scheme: The coronavirus crisis has once again underlined the importance of saving and investing at the right time. With people getting salary cuts, their investments have come handy in meeting immediate money requirements.
Mon, Jul 13, 2020
In a major development, the Central Board of Direct Taxes, Government of India has provided a utility to ascertain TDS Applicability Rates on Cash Withdrawals.
Wed, Jun 17, 2020
SBI FD vs Post Office Time Deposit: Tax-saving fixed deposits (FDs) are those that have a tenure of more than 5 years.
Fri, May 29, 2020
Saving Schemes For Senior Citizens: A retired person can't work to earn more money, but with his wit and grit, the amount that he has earned during his working days can definitely earn him extra.
Tue, Apr 28, 2020
SBI or State Bank of India has been slashing SBI savings account interest rate but bank account holders are still persisting with the largest commercial bank of India.
Sat, Apr 25, 2020
Post Office Scheme: Small Saving Schemes have a feature to help investors grow their money into a very large pile from just little amounts that they can afford to invest.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.