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New Delhi: The government announced the interest rates for small savings schemes viz PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi Scheme will remain for the fourth quarter of FY 2025-26. Interest rates of these small savings scheme will remain unchanged for the January-March quarter, a notification issued by the finance ministry had said. “The rates…
New Delhi: The Finance Ministry, will review rates of small savings schemes on December 31 which includes Public Provident Fund (PPF), Sukanya Samriddhi Yojana, National Savings Certificate (NSC) and others. The new rates will apply for the January-March 2026 quarter. Will the government reduce, hike or maintain status quo for the rates of Post Office…
The Post Office Recurring Deposit (RD) scheme is fast emerging as a preferred option for investors seeking stable, guaranteed and risk-free returns amid volatile market conditions. Backed by the Government of India, the scheme allows savers to build a sizeable fund through small monthly deposits, making it particularly attractive for those planning long-term financial goals…
Every individual wants to save money for retirement, emergencies, their child’s education, and other purposes, but often gets confused about choosing the right investment schemes. Well, there are many investment options for them, but which one is suitable is difficult to decide. These schemes range from traditional savings schemes to low-risk investment and market-linked products….
The interest rates of various small savings schemes for the third quarter of FY 2025-26 will remain unchanged, the Ministry of Finance informed today, September 30. This is the seventh consecutive quarter in which rates have not changed. According to the notification of the Finance Ministry, “The rates of interest on various small savings schemes…
New Delhi: The Department of Posts (Financial Services Division), part of the Ministry of Communications has issued an order regarding Freezing of Small Savings Schemes accounts matured but not closed after 3 years. Department of Posts in an order issued on July 15 said that the order covers the following post office small savings schemes:…
What is Post Office Fixed Deposit (FD)? Post Office FD is a small savings scheme offered by India Post where individuals can deposit a lump sum amount for a fixed tenure, and in return, they earn interest on that amount at a predetermined rate. What is Post Office Recurring Deposit (RD)? Post Office RD is…
Rs 61,500 Interest/quarter for Senior Citizens: Retirement is an important stage for everyone, where income options for many senior citizens may deplete. In such a time, investments that they make may come handy. Some investment schemes provide them secure environs of earning income for a long period after investing one time. Senior Citizens Savings Scheme…
PPF Calculations: Public Provident Fund (PPF) is a long-term small savings scheme often used for retirement corpus building. But if one invests regularly in the fixed income scheme for a long term, they can draw a substantial monthly income from the scheme. They can also build a corpus that they can use themselves or pass…
Post Office Savings Accounts (POSA) For regular savings, withdrawals etc. Min. balance – Rs 500/- and Rs zero in case of Basic Savings Account ATM / Internet & Mobile Banking Facility / NEFT & RTGS Post office Savings Accounts with India Post Payment Bank account linkage for UPI, IMPS etc. …