Savings scheme

Interest rate on small savings plans higher than PPF, NSC, according to RBI

NEW DELHI: By keeping small savings rates stable for six quarters, the government pays between 47 and 178 basis points (100 basis points equals one percentage point) higher than the parking funds in the public provident fund , the national savings certificate or office term deposits, the Reserve Bank of India (RBI) announced on Monday. […]

Savings scheme

International Day of Older Persons: Invest in Seniors Savings Plan for Financial Security – Check Interest Rate, Minimum, Maximum Deposits and Other Details

October 1 is celebrated as the International Day of Older Persons around the world. The day is celebrated to raise awareness of issues affecting the elderly. On this international day of the elderly, here is how an elderly person can secure their finances by investing in the Savings Plan for Seniors (SCSS). India Post used […]

Savings scheme

PPF interest rate, other small savings unchanged for the 6th consecutive quarter

Updated Sep 30, 2021 | 21:54 IST This means that for the October-December quarter of the current fiscal year, investors will continue to get the same interest rates they got for the July-September quarter. Representation image New Delhi: The government on Thursday kept interest rates on the popular Public Provident Fund (PPF) and other small […]

Savings scheme

PPF, the other small savings rates remain unchanged. Check the rates here

The finance ministry on Thursday kept interest rates on small savings plans including the Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY), other post regimes unchanged for the sixth consecutive quarter for the quarter October-December. This means that the interest rates earned in the July through September quarter of fiscal 22 will be the […]

Savings scheme

PPF, NSC, Postal savings rate unchanged. Check details

Written by Shankhyaneel Sarkar | Edited by Poulomi Ghosh, Hindustan Times, New Delhi The Union’s finance ministry said on Thursday it was maintaining interest rates on small savings schemes such as the Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) and other postal schemes. This is the sixth consecutive quarter (October-December) that interest rates have […]

Savings scheme

What Equity Linked Savings Scheme (ELSS) Mutual Funds Explained

Amid the quest to achieve various crucial life goals through wealth creation and also reduce their income tax through tax saving instruments, many people often have to compromise on one of these two aspects when planning financial. While some financial instruments are sufficient on the wealth creation front but do not offer enough or no […]

Savings scheme

PTPTN launches a new national education savings scheme

The National Higher Education Fund Corporation (PTPTN) is committed to continuing to transform the mindset of parents to save early for their children’s future educational needs and reduce reliance on student loans. To this end, PTPTN has launched a new product: Simpan SSPN (National Education Savings Plan) Plus. Simpan SSPN Plus is a continuation of […]

Savings scheme

Bangladesh’s first MFS-based digital savings program launched: IDLC

FE ONLINE OFFICE | Posted: September 02, 2021 6:18:05 PM | Update: 04 September 2021 16:38:38 A “digital savings plan” was launched to enable people, including those who previously lived outside of financial inclusion, to take advantage of IDLC Finance’s term deposit services using their bKash accounts. Leading non-bank financial institution IDLC Finance presented the […]

Savings scheme

Small Post Office Savings Plan: From PPF, Sukanya Samriddhi to NPS, Check Minimum Balance Required in 9 A / C Savings | Personal finance news

New Delhi: The Post Office Savings Plan has emerged as one of the safest options for traditional investors who don’t want to take a lot of market risk and are dependent on a fixed interest rate. The Small Postal Savings Plans are of 9 types: 1. Postal savings account (CS)2. National Recurring Deposit (RD) Savings […]