Post Office Saving Scheme

PPF and post office savings schemes are among the most popular investment products for long-term investors

Parents of a girl child or the legal guardians can open the savings accounts under this scheme at the designated post offices and bank branches.

The post office saving scheme offers several products that are reliable and give risk-free returns on investments, with each scheme offering different types of saving plans

The Madhya Pradesh police have arrested two post office agents, one of them from neighbouring Maharashtra, for allegedly duping people of crores on the pretext of investing their money in saving schemes, an official said on Saturday.

Income tax benefits are available on Time Deposit (TD), Senior Citizen Savings Scheme (SCSS), Public Provident Fund (PPF) and National Savings Certificates (NSCs).

India Post, through its vast network of post offices across the country, offers a whole host of government's small savings scheme like Senior Citizen Savings Scheme, Monthly Income Account, Public Provident Fund (PPF) Scheme, Kisan Vikas Patra and Sukanya Samriddhi Yojana (SSY) Account Scheme among other saving schemes.

Post Office Accounts: Interest rates on government-run small savings schemes are revised from time to time

For the current quarter, which ends on December 31, these savings schemes provide interest rates to the tune of 4-7.6%

Of these schemes, the time deposit or term deposit scheme comes in four maturity options, ranging from one to five years.

This means existing interest rates will apply on small savings schemes - such as the Public Provident Fund (PPF) - in the quarter ending December 31.

The interest rates applicable to the government-run small saving schemes are reviewed on a quarterly basis.

Post Office Small Savings Schemes: For the July-September period, the interest rates applicable to small savings schemes interest rates were kept unchanged at existing levels.

In the five-year National Savings Certificate scheme, an investment of Rs 1,000 grows to Rs 1,389.49 at maturity, according to India Post.

FD Interest Rate: From April 1, the interest rates for most small savings schemes have been cut up by to 140 basis points.

That stands 80 basis points (0.80 percentage point) lower compared to the interest rate of 8.4 per cent the scheme yielded in the quarter ended March 31.

PPF and post office savings schemes are among the most popular investment products for long-term investors

Parents of a girl child or the legal guardians can open the savings accounts under this scheme at the designated post offices and bank branches.

The post office saving scheme offers several products that are reliable and give risk-free returns on investments, with each scheme offering different types of saving plans

The Madhya Pradesh police have arrested two post office agents, one of them from neighbouring Maharashtra, for allegedly duping people of crores on the pretext of investing their money in saving schemes, an official said on Saturday.

Income tax benefits are available on Time Deposit (TD), Senior Citizen Savings Scheme (SCSS), Public Provident Fund (PPF) and National Savings Certificates (NSCs).

India Post, through its vast network of post offices across the country, offers a whole host of government's small savings scheme like Senior Citizen Savings Scheme, Monthly Income Account, Public Provident Fund (PPF) Scheme, Kisan Vikas Patra and Sukanya Samriddhi Yojana (SSY) Account Scheme among other saving schemes.

Post Office Accounts: Interest rates on government-run small savings schemes are revised from time to time

For the current quarter, which ends on December 31, these savings schemes provide interest rates to the tune of 4-7.6%

Of these schemes, the time deposit or term deposit scheme comes in four maturity options, ranging from one to five years.

This means existing interest rates will apply on small savings schemes - such as the Public Provident Fund (PPF) - in the quarter ending December 31.

The interest rates applicable to the government-run small saving schemes are reviewed on a quarterly basis.

Post Office Small Savings Schemes: For the July-September period, the interest rates applicable to small savings schemes interest rates were kept unchanged at existing levels.

In the five-year National Savings Certificate scheme, an investment of Rs 1,000 grows to Rs 1,389.49 at maturity, according to India Post.

FD Interest Rate: From April 1, the interest rates for most small savings schemes have been cut up by to 140 basis points.

That stands 80 basis points (0.80 percentage point) lower compared to the interest rate of 8.4 per cent the scheme yielded in the quarter ended March 31.