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.
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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.
Sat, Apr 25, 2020
Post Office Monthly Income Scheme: In these tough times when prospects of pay cuts and even job losses are high, many people would be looking at alternative options to earn money.
Wed, Apr 22, 2020
Post Office FD: Post Office time deposit small savings schemes offer various investment options to investors, who have low risk appetite.
Tue, Apr 14, 2020
Post Office Deposit Scheme: India Post Office offers various investment options under the government backed small savings schemes.
Fri, Apr 10, 2020
Post Office MIS Scheme: As per the Post Office MIS scheme details, if an earning individual has opened joint account with spouse, then the monthly income gets doubled.
Thu, Jan 30, 2020
Post Office Savings Bank (POSB) account holders need to visit their home branch and follow the latest India Post instructions to save themselves from trouble.
Sat, Jan 25, 2020
Post Office Savings Account: The Department of Post has increased the minimum balance limit from Rs 50 to Rs 500.
Fri, Jan 24, 2020
The minimum balance limit which should be maintained at any time by a depositor is increased 10 times for holder of Savings Account in Post office.
Thu, Jan 16, 2020
The State Bank of India or SBI FD interest rates for the long-term have been slashed by 15 bps and it has become effective from 10th January 2020.
Fri, Dec 27, 2019
Income tax outgo can be saved by an earning individual if he or she is well aware of Section 80C of the Income Tax Act 1961.
Tue, Dec 24, 2019
SBI Fixed Deposit interest rates range from 4.5 per cent to 6.25 per cent while Post Office FD interest rates range from 6.90 per cent to 7.70 per cent.
Sun, Dec 15, 2019
Senior Citizen Saving Scheme: After retirement, generally people have little option for earnings and hence their investment becomes one of the most important factors post-retirement.
Tue, Dec 10, 2019
Income tax outgo can be saved by an earning individual if he or she takes advantage of these tips and thereby save money.
Fri, Nov 08, 2019
Post Office National Saving Scheme is similar to a bank deposit. Like PPF, investment up to Rs 1.5 lakh in Post Office NSC is also income tax exempted under Section 80C.
Mon, Oct 21, 2019
DoP has brought good news ahead of Diwali 2019 for the investors who have opened or want to open Public Provident Fund or PPF or any other saving schemes in the post office.
Sun, Aug 25, 2019
Post Office Time Deposit vs SBI Fixed Deposit: For the second time in a month, the largest lender State Bank of India decided to cut fixed deposit rate this week.
Tue, Aug 20, 2019
Post office offers a number of saving schemes, each with different rates of interest. While two of the nine savings post office schemes - Sukanya Samriddhi Account and Senior Citizens Savings Scheme (SCSS) offer over 8% of interest rate per annum.
Sat, Aug 10, 2019
You may feel that several Fixed Deposit schemes of banks are overrated when compared to the high interest rates and other benefits offered by several Post Office schemes.
Mon, Jul 01, 2019
Latest small savings scheme interest rate: The Union government recently reduced the interest rate on small savings schemes, including National Savings Certificate (NSC) and Public Provident Fund (PPF).
Thu, Jun 27, 2019
Be it Rs 1,000 or Rs 1 lakh, Rs 5 lakh or more, you will get double the amount on maturity.
Sat, Jun 22, 2019
Some of the Post Office schemes offer better returns than the Fixed Deposit schemes of commercial banks.
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