SMALL SAVINGS SCHEMES
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.
How to use monthly surplus to pay off home loan
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
Investment planning for children: How to choose the right investment option to secure your child's future
Investment planning for children: Starting early is not enough. Choosing the wrong investment is a common problem. It becomes even more acute while saving for critical long-term financial goals such as children’s education and weddings. Many of the challenges faced by investors can be avoided if they take professional advice on investments and finances. Here's how to invest in the right instruments and buy protection for your child.
When ED does what it should do best
In a significant development, the Enforcement Directorate (ED) has initiated the disbursement of nearly ₹12 crore to victims of the Rose Valley Ponzi scheme, marking a first in India's financial restitution efforts. This scheme, which defrauded 22 lakh small depositors across West Bengal, Assam, and Bihar, amounted to losses of around ₹17,000 crore. A court-monitored Asset Disposal Committee is overseeing the process, providing some relief to the victims after years of financial turmoil. The case underscores the urgent need for robust financial literacy and regulatory vigilance to prevent such scams.
Sebi asks mutual fund industry to proactively conduct stress test
Sebi advised mutual fund companies to perform stress tests to enhance liquidity risk management, especially for small and midcap schemes. Ananth Narayan Gopalakrishnan emphasized the importance of better risk communication and proposed new initiatives such as low-ticket SIPs and simpler regulations for passively managed funds to encourage competition and innovation in the industry.
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Sebi asks mutual fund industry to proactively conduct stress test
Sebi advised mutual fund companies to perform stress tests to enhance liquidity risk management, especially for small and midcap schemes. Ananth Narayan Gopalakrishnan emphasized the importance of better risk communication and proposed new initiatives such as low-ticket SIPs and simpler regulations for passively managed funds to encourage competition and innovation in the industry.
7.5% interest rate: Mahila Samman Savings Scheme might not get extended beyond March 2025; should you invest?
Mahila Samman Savings Certificate is a one-time, new small savings initiative for women beneficiaries. The scheme is accessible for investment until March 2025, with a two-year term.
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.
Govt may cut borrowing if small saving inflows are high, official says
NSSF consists of public investments in schemes like postal deposits, savings certificates, public provident fund and senior citizens' savings scheme, among others.
Increase SIPs every year to save for retirement, child's education
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
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.
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 PPF (Public Provident Fund) interest rate for July- September 2024 quarter
Latest PPF interest rate: The Public Provident Fund (PPF) is widely favored as a savings option. The government has recently revealed the interest rates for small savings schemes for the period of July to September 2024. PPF investments are considered risk-free as it is government backed.
RBI Floating Rate Savings Bond interest for July-December 2024 announced: What is the latest interest rate, when will you get it?
RBI Floating Rate Savings Bond interest rate announced: The Reserve Bank of India has notified the interest rate of RBI Floating Rate Savings Bond (FRSB) 2020 (Taxable) from July 1 to December 31 2024. As the name suggests, the interest rate of RBI Floating Rate Savings Bonds 2020 (Taxable) is not fixed. The interest rate on RBI floating rate savings bond is reset twice in a year. The interest is payable semi-annually. All you need to know about the latest interest rate of RBI Floating Rate Savings Bond and how you will get it.
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).
Interest rates on Small Savings Plans to stay unchanged
Interest rates for small savings schemes, including PPF and Sukanya Samriddhi accounts, remain steady for the September quarter. The government utilizes these schemes to help finance its fiscal deficit, with rates across different schemes staying unchanged to support this objective.
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
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.
Earn up to 9.50% interest rate: Senior Citizen Saving Scheme (SCSS) vs FD; interest rates, tax benefits, deposit limit compared
SCSS vs. FD: Here, we have compared the interest rates offered by the Senior Citizens Savings Scheme (SCSS) and bank fixed deposit rates with 5-year tenure for senior citizens and other important features.
PPF, Senior Citizen Savings Scheme, SSY, NSC: Is it mandatory to submit Aadhaar to invest in small savings schemes?
Small savings scheme: Do you need to submit Aadhaar mandatorily in order to invest in small savings scheme? The answer is yes. According to a notification by the Ministry of Finance, Aadhaar is now mandatory for investing in PPF, SSY, NSC, and other small saving schemes.
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.
Senior Citizen Savings scheme latest interest rate: What is the SCSS interest rate for the April- June 2024 quarter?
Senior Citizen Savings scheme interest rate: Note that if an account is formed in violation of the SCSS Rules, the account will be terminated immediately and the deposit will be returned to the depositor after deducting any interest received on the deposit.
PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi and other small savings schemes' rates announced for April-June quarter; check here
Latest small savings schemes interest rates: Here is a look at the interest rates on various small savings schemes for the fourth quarter of FY 2023-24.
Sukanya Samriddhi Yojana offers 8.2% rate now; will SSY interest rate be fixed for the entire tenure?
Sukanya Samriddhi Yojana (SSY): Interest on SSY is credited to the account at the end of each financial year and is based on the prevailing interest rate announced by the government for each quarter. For January 2024-March 2024 quarter the interest on SSY is 8.2%. Read here to know how the interest on SSY is calculated.
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