POST OFFICE SCHEME INTEREST RATES
Six new rules for PPF, Sukanya Samriddhi Yojana, other small savings schemes with effect from October 1, 2024
Small savings rules: The Ministry of Finance is responsible for overseeing small savings accounts. Any unusual accounts must be sent to this department to be brought into compliance by the Ministry of Finance, as per the regulation. Six specific categories have been defined, and appropriate instructions have been provided.
Why Jackson Hole is the Fed's biggest shindig
Economists predict that Fed Chair Powell will hint at interest rate cuts starting in September, but won't be too specific due to an upcoming jobs report. The recent rise in unemployment has made officials cautious, as they want to assess if the job market is truly weakening before committing to any action.
Mizoram to launch interest-free-loan scheme: CM Lalduhoma
Mizoram Chief Minister Lalduhoma announced a new scheme providing interest-free loans up to Rs 50 lakh to boost economic growth and improve living conditions in the state. Speaking on Independence Day, he highlighted the government's commitment to inclusive governance, transparency, and effective public service delivery.
TV Somanathan is appointed Cabinet secretary
The Cabinet Appointments Committee has named TV Somanathan, the current finance secretary, as the new cabinet secretary. A distinguished 1987 Tamil Nadu cadre IAS officer, Somanathan will start his two-year term on August 30. With over 30 years of experience, including roles in the Prime Minister's Office and as a World Bank director, he is known for pivotal policy reforms. His contributions include the Aatmanirbhar Bharat packages, the PLI scheme, and the National Monetisation Pipeline, aiming to enhance economic growth and public finance efficiency.
Earn 7.5% interest rate: What is the last date to invest in Mahila Samman Savings Certificate?
The Mahila Samman Savings Certificate is a new government-backed scheme offering for women announced in Budget 2023. Note that the Mahila Samman Savings Certificate is a one-time scheme available for two years.
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Budget 2024: Continuity expected with emphasis on fiscal consolidation, sectoral benefits
Union Budget 2024, on 23 July, prioritizes fiscal consolidation using RBI windfall. Focus areas: social welfare, affordable housing, increasing PM KISAN to Rs.7,500, tax incentives. NDA 3.0 aids 3 crore households. Strategies include lower interest rates, GIFT City perks, MSME support, rural infrastructure, F&O trading curbs, PSU divestment, Employment Linked Incentives, simpler capital gains tax, and addressing dividend double taxation.
Apart from Post Office, you can open Mahila Samman Savings Scheme account only with these banks: Check full list
Mahila Samman Savings scheme: The Mahila Samman Savings Certificate, 2023, is a special small savings scheme offered by the Government of India exclusively designed for women investors. It is a one-time scheme that will be available for a period of two years, from April 2023 to March 2025.
Interest rate up to 7.5%: 5-year post office time deposit (POTD) is offering higher rates than these top 10 banks
Under the POTD scheme, senior citizens are not offered any higher rates than regular citizens, unlike many banks. Interest is paid annually but calculated quarterly.
Savings account interest rate up to 7.25%: Post office savings account vs SBI, HDFC Bank, ICICI Bank, PNB, Union Bank, IDFC FIRST Bank
Savings account interest rates: Compare the interest rates of savings accounts at Post Office, SBI, HDFC Bank, ICICI Bank, PNB, Union Bank, and IDFC FIRST Bank to find the highest rate.
SCSS interest rate: Latest Senior Citizens Savings Scheme interest rate for July- September quarter
The Senior Citizen Saving Scheme (SCSS) is an investment scheme developed and maintained by the Indian government to help senior citizens live financially secure lives after retirement. The interest rate on this savings scheme is set and revised by the government every quarter.
Latest NSC interest rate: Is the National Savings Certificate interest rate higher than 5-year FD rates of SBI, HDFC Bank, ICICI Bank
National Savings Certificates is considered as the best option for risk-averse investors looking for consistent returns that are often higher than fixed deposits. NSC is a government-backed fixed-income investment scheme offered by India Post's small savings schemes.
Latest Sukanya Samriddhi Yojana interest rate: What is the SSY interest rate for July- September 2024 quarter?
Latest Sukanya Samriddhi Yojana interest rate: The SSY is a government-backed small deposit savings scheme to benefit a girl child.
PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi, NSC, other small savings schemes' rates announced for July-September 2024 quarter
Latest Post Office Schemes interest rates: The government has announced that it will keep the interest rates unchanged for small savings schemes for July-September 2024. These schemes include the Public Provident Fund, Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), Post Office Time Deposits (POTD), Mahila Samman Savings Certificate, and Post Office Monthly Income Scheme (POMIS).
PPF, SCSS, Sukanya Samriddhi interest in July-September 2024: Will govt hike interest rates of PPF, small savings schemes for next quarter?
PPF, SCSS, Sukanya Samriddhi interest in July-September 2024: The government is likely to announce the interest rates of Public Provident Fund (PPF), Senior Citizen Savings Schemes (SCSS), National Savings Certificate (NSC), Sukanya Samriddhi Yojana (SSY), Post Office Monthly Income Scheme (POMIS) and other small savings schemes for the July-September quarter 2024 by June 30, 2024. Will the government finally make PPF investors happy this time? Will Centre increase the interest rates of SCSS, NSC, Sukanya Samriddhi Yojana and other other small savings schemes for the July-September quarter 2024? Know what experts suggest
Recurring deposit (RD) premature withdrawal: Eligibility, interest rate, other rules explained
Post office RD scheme: You might have invested money in a post office RD scheme, however due to any financial need or trouble you may wish to prematurely break it. This is because a post office RD scheme has a tenure of five years from the date of opening. Read here to know more about post office RD scheme.
Latest interest rates of PPF, Sukanya Samriddhi Yojana, Senior Citizen Saving Scheme, NSC, other post office schemes
Latest small savings schemes interest rates: The government has left the interest rates on small savings schemes for the quarter ending June 30, 2024. Latest interest rates of PPF, Sukanya Samriddhi Yojana, Senior Citizen Saving Scheme, NSC, and other post office schemes.
Top post office schemes: These 9 small savings schemes offer above 7% interest rate
Post office schemes interest rates: The government has kept the interest rates on small savings plans unchanged for the quarter ending June 30, 2024. Here are nine post office schemes that offer more than 7% interest.
5 things to know before investing in Sukanya Samriddhi Yojana (SSY): Eligibility, documents required and more
Families with a girl child under the age of 10 are increasingly opting for SSY accounts. SSY enjoys a relatively higher interest rate and sets aside a corpus that can be used for the daughter’s education or marriage.
PPF, SSY, Senior Citizen Savings Scheme, other post office schemes interest rates for April- June quarter 2024
Post office schemes interest rates for April-June quarter: The government revises small savings schemes interest rates every quarter. Here is a look at the interest rates on various post office schemes for the first quarter of FY 2024-25 along with its compounding frequency.
Post office term deposit (POTD) vs banks tax-saving fixed deposits (FDs): Which offers higher interest rate?
Post Office Time Deposit (POTD) of 5 year tenure vs bank tax-saving FDs: Here is a comparison of 5-year POTD vs major banks’ tax saving fixed deposits.
Earn 7.4% interest on Post Office Monthly Income Scheme; do you get tax benefits for investing in POMIS?
Post Office Monthly Income Scheme: India Post offers a range of investment opportunities, including the Post Office Monthly Income Scheme (POMIS). With POMIS, investors receive monthly interest payments, with the interest rate being adjusted by the government on a quarterly basis.
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