Savings scheme

small savings plan interest rate 2021 Sukanya Samriddhi yojana post office bank interest rate 2021 tax benefits

New Delhi: The central government offers the Sukanya Samriddhi program as part of small savings programs. One can open a Sukanya Samriddhi account at post offices and banks. The objective of the Sukanya Samriddhi program is to empower the girl within the framework of the “Beti Bachao Beti Padhao” campaign.Read also – IPL 2021: Gautam […]

Savings scheme

Postal staff reject investment of settlement funds in senior savings scheme

Post office staff do not appear to be well aware of the regulations, said Suresh Parthasarathy. founder, Myassetsconsolidation.com; 30 days is not enough during the pandemic to make the investment, he said Despite rules allowing employees over 55, who have opted for voluntary or mandatory retirement, to invest their settlement funds in the Post’s Senior […]

Savings scheme

Small savings plan coming to an end? Reinvestment process explained here

To avoid confusion, India Post in a circular reiterated the arrangements available for reinvestment of the maturity value of any (small) national savings plan for opening a new account / purchasing certificate either by the account holder directly or through agents. “This office receives numerous requests / representations from SAS agents concerning the reinvestment of […]

Savings scheme

PPF, the interest rates of other small savings plans remained stable for the September quarter. Details here

In a huge relief for small investors, the Center has kept interest rates on small savings plans, including NSC and PPF, unchanged for the second quarter of 2021-2022 amid the ongoing coronavirus pandemic. This is the fifth quarter (ending September 30, 2021) in a row that the Ministry of Finance is maintaining the interest rate […]