Savings scheme

Initiation of share buybacks under the employee stock savings plan

18.5.2022 08:00:01 CET | ASA entry | Acquisition or sale of own shares of the issuer ASA entry (“Entra” or the “Company”) intends to acquire 51,185 treasury shares as part of the share allocation under the employee share savings plan. The redemption will be carried out in accordance with the authorization given to the General […]

Savings scheme

Former Tour Operator Chief Drums Support Hajj Savings Scheme

A former president of the Association of Hajj and Umrah Operators of Nigeria (AHUON), Alhaji Abdulfatah Abdulmojeed, called on hajj stakeholders to support the implementation of the Hajj Savings Scheme (HSS) introduced by the National Hajj Commission of Nigeria. Nigeria (NAHCON). The program creates an avenue for prospective Nigerian Muslim pilgrims, especially those on low […]

Savings scheme

This savings plan pays 7.4% interest per year; Check benefits, eligibility and more | Personal finance news

New Delhi: Elderly people in India frequently rely on Fixed Bank Deposits (FD) or Recurring Deposits (RD) for stable income when they retire. The majority of people over the age of 60 in the country have a low appetite for risk and avoid investing in stock markets or mutual funds. They often turn to low-risk, […]

Savings scheme

The savings plan for the elderly offers interest of 7.4% per annum; Learn about eligibility, other benefits

In India, senior citizens often depend on fixed bank deposits (FD) or recurrent deposits (RD) for regular income after retirement. Most citizens over the age of 60 in the country have no appetite for risk and avoid stock markets or mutual funds as investment options. They often incline towards risk-free savings options that offer good […]

Savings scheme

Equity-Linked Savings Scheme: How SIP makes ELSS a smart bet

Equity-linked savings schemes (ELSS), a popular tax-saving investment option, reported net inflows of Rs 4,579 crore in the three months to March as investors rushed to invest to save on taxes. In contrast, this category saw net outflows of Rs 3,870 crore for seven consecutive months from April to October last year. Experts say that […]

Savings scheme

PPF, Senior Savings Plan offering better returns than bank FDs? Know the details

Even though term deposits now yield a little more than before, since several banks have recently raised their interest rates, small savings plans still offer more attractive returns. The returns of small savings schemes, such as the PPF, the savings scheme for the elderly, the national savings certificate and the Sukanya Samriddhi account scheme, vary […]

Savings scheme

Link the bank account to the MIS, SCSS and TD system and enjoy THESE advantages, here’s how to do it

Those who have invested in the Post Office Monthly Income Scheme (MIS), Post Office Time Deposits (TD) or Senior Citizen Savings Scheme (SCSS) regularly receive cash interest on the plan they have chosen. It can be monthly, quarterly or annually. But now the Post Office has changed the scheme and asked individuals to link their […]

Savings scheme

NAHCON Calls on EFCC to Investigate Alleged Fraud in Hajj Savings Scheme

the National Hajj Commission of Nigeria (NAHCON) On Friday, he announced that he would invite the Economic and Financial Crimes Commission (EFCC) to investigate allegations of fraudulent practices by NAHCON through the Hajj Savings Scheme (HSS). NAHCON said an invitation will be officially extended to the EFCC to investigate the management of pilgrim funds. PREMIUM […]

Savings scheme

House urges Hajj commission to suspend implementation of savings plan

Juliette Akoje in Abuja The House of Representatives has urged the Nigerian Hajj Commission to suspend the implementation of the Hajj savings scheme pending investigation into the scheme. The House has also instructed its Pilgrims Affairs Committee to investigate the scheme to determine the profit sharing formula for stakeholders, Jaiz Plc, NAHCON, State Pilgrims Welfare […]

Savings scheme

Representatives order suspension of savings program by NAHCON – The Whistler Nigeria

The House of Representatives has ordered the National Hajj Commission of Nigeria (NAHCON) to suspend the implementation of the Hajj savings scheme. This followed the adoption of a motion of urgent public importance by Representative Aminu Ashiru-Mani (APC-Katsina) during Thursday’s plenary in Abuja. The house has instructed its pilgrim affairs committee to investigate the hajj […]

Savings scheme

Ppf, Sukanya Samriddhi, other small savings plan interest rates kept unchanged

The government kept interest rates stable on various small savings schemes, including popular schemes like the Public Provident Fund (PPF) and the Sukanya Samriddhi scheme, for the June quarter. Among the small savings schemes, Sukanya Samriddhi Yojana currently offers 7.6%, Senior Citizen Saving Scheme 7.4% and PPF 7.1%. On the other hand, SBI’s 5-10 year […]

Savings scheme

PPF, Senior Citizen Scheme, Small Savings Scheme Advertised interest rates; Find out here

The Ministry of Finance has kept interest rates for small savings schemes unchanged for the June quarter of fiscal year 2023. Small savings instruments include the Public Provident Fund (PPF) account, Sukanya accounts Samriddhi, Savings Scheme for the Aged, Postal Savings Account, 5- Post Recurring Deposit (RD) Account, National Savings Certificates (NSC) among others. “The […]

Savings scheme

The Postal Savings Scheme grants 7.4% interest to senior citizens; Check details here

Postal Savings Plan: For senior citizens in India who want a stable income, investing in postal savings plans is one of the most popular forms of investment. For this, the post office, supported by the government, has developed a device specifically intended for seniors in search of a secure future. To guarantee seniors a fixed […]

Savings scheme

Al Salam Bank Launches Revamped Danat Savings Plan for 2022 | THE DAILY TRIBUNE

TDT | manama The Daily Tribune – www.newsofbahrain.com Al Salam Bank has announced the launch of its new and improved Danat savings scheme for 2022, organized under the theme “the year filled with gold”, where cash prizes are replaced by gold bars. The revamped Danat savings program, which will start in […]

Savings scheme

Siply, micro-savings platform, launches a gold savings scheme for small savers

Micro-savings platform Siply has announced a new program it says will make gold accessible to everyone. From now on, you can set yourself the goal of buying gold by saving small amounts daily and thus cover the planned monthly payment at your own pace, he specifies in a press release. Founded by Sousthav Chakrabarty and […]

Savings scheme

SCSS interest rate: latest interest rate of the Savings Scheme for Senior Citizens

The Older People’s Savings Scheme (SCSS) is a government scheme that helps older people save for retirement and receive quarterly interest payments. This account can be opened in any bank or post office alone or jointly with your spouse. It has a maturity period of 5 years which can be extended up to an additional […]

Savings scheme

Dubai announces the launch of a savings program for gratuities for certain expats

DUBAI: The Steering Committee of the “Dubai Government Foreign Employees’ Savings Scheme” held its first meeting to discuss the action plan for enrolling foreign employees in the Savings Scheme, as well as other implementation mechanisms. The new enrollment and enforcement mechanisms will ensure employees are protected and have the opportunity to invest and grow their […]

Savings scheme

The DFs of the post offices offer a better interest than the banks; Know the details

Postal Savings Plan: Fixed deposits have a different kind of relationship with the middle class and the elderly in India. For a very long time, fixed deposits have been the investment option of choice for the Indian middle class. For the average middle-class Indian citizen, investing in good schemes with attractive fixed interest rates remains […]

Savings scheme

Government urged to introduce health savings scheme for aging citizens

KUALA LUMPUR: Experts are urging the government to introduce a health savings scheme for its aging society. The chairman of the 10th Malaysian Hybrid Conference on Healthy Aging (10th MCHA), Datuk Dr N. Ganabaskaran, said national health insurance was proposed and discussed 25 years ago but had not been implemented. implemented. “As 15% of the […]

Savings scheme

FD Post Interest Rate Savings Plan Highlights

A national term deposit account can be opened with a minimum of Rs 1000. Postal Savings Plan. The post office offers popular formulas. One of them is the National Savings Time Deposit Account (TD). It is like the traditional fixed deposit (FD). Investors have the option of opening one-year, two-year, three-year and five-year accounts. INVESTMENT […]

Savings scheme

In Search of a National Savings Scheme for Nigeria

Of course, the Nigerian financial sector, especially the capital market, needs some initiatives to explore its potential. Mobilizing domestic savings for capital formation and investment and broadening the tax base for greater revenue mobilization are some of the critical success factors for harnessing the true growth potential of the economy. Nigerian economy. The federal government […]

Savings scheme

The Dubai Payroll Savings Plan has a wider reach

While contributory pensions, provident funds, and other common savings/investment schemes with employer sponsorship are known by different names, they all serve the same purpose of enrolling employees in a savings scheme. mandatory which comes to their aid when they retire or seniority. comes to an end. Dubai is not new to ESPs. In February 2020, […]

Savings scheme

When will Dubai’s Tip Savings Scheme be applied to the private sector, ask expats – News

The ‘2020 UAE Security and Savings’ survey by global consultancy Mercer found that nearly half of UAE expats have no financial security plans after retirement File Published: Thu 3 March 2022, 06:18 PM Last update: Fri 4 March 2022, 09:54 In a historic move, the Dubai government on Wednesday announced a new savings scheme for […]

Savings scheme

Dubai launches savings program for foreign government employees

Dubai has approved the launch of the “Dubai Government Foreign Employees Savings Scheme” to improve the system of end-of-service benefits. The Dubai International Financial Center will oversee the program in partnership with several international investment firms that offer attractive and secure investment opportunities. The announcement was made during the Dubai Executive Council meeting, which was […]

Savings scheme

Dubai End-of-Service Savings Scheme for Expats: Benefits,…

(MENAFN – Khaleej Times) Posted: Thu Mar 3 2022, 12:53 PM Last updated: Thu, March 3 2022, 12:54 PM In a historic move, the government of Dubai has announced a new savings scheme for expatriates working in the public sector. Currently, a gratuity is offered to employees at the end of their service through the […]

Savings scheme

Dubai launches savings program for expatriate employees; All you need to know

Abu Dhabi: The Dubai government on Wednesday announced the launch of a new savings scheme for expatriate employees working in the public sector, the Dubai Media Office (DMO) reported. The program could be extended to the private sector, but only on a voluntary basis. The savings plan, the first of its kind in the region, […]

Savings scheme

Dubai End-of-Service Savings Plan for Expats: Benefits and Purposes Explained – News

It is the first of its kind in the region that offers employees a number of financial benefits. Provided Published: Thu 3 March 2022, 12:53 Last update: Thu 3 March 2022, 15:14 In a historic move, the government of Dubai has announced a new savings scheme for expatriates working in the public sector. Currently, a […]

Savings scheme

Dubai Savings Plan for Expats: Everything You Need to Know

This system, the first of its kind in the region, aims to offer employees the possibility of enhancing their savings and their end-of-service benefits. 1. It will improve end-of-service benefits in the Government of Dubai 2. Employees will be able to choose several investment structures, including traditional investment funds and others compatible with Shariah. Employees […]

Savings scheme

Dubai End-of-Service Savings Scheme for Expats: How will it help? – News

Several investment plans will be offered to employees, including Sharia-compliant ones File By a staff reporter Published: Wed, March 2, 2022, 9:20 PM A savings plan for expatriates working in the public sector was conceptualized after the Dubai International Financial Center (DIFC) successfully implemented a similar plan for its employees in 2020. The plan announced […]

Savings scheme

Dubai: announcement of a new end-of-service savings program for expatriates – News

The Crown Prince of Dubai chaired the Executive Council meeting and approved the fund for foreign public sector employees File By a staff reporter Published: Wed, March 2, 2022, 7:07 PM Last update: Wed, March 2, 2022, 9:26 PM The Dubai government has announced a savings program for expatriates working in the public sector. The […]

Savings scheme

Federal government plans compulsory savings scheme for Nigerians

Just recently, the Federal Government of Nigeria is considering making saving compulsory for Nigerians and introducing new inflation-proof investment products that will incentivize saving. The program will be strictly for Nigerians between the ages of 18 and 50 as the government seeks ways to raise funds to boost the national economy. However, the working group, […]

Savings scheme

IDLC’s savings program via the bKash app in just two minutes

bKash users can now benefit from IDLC Finance’s digital savings service through their bKash accounts from anywhere in the country. They can start IDLC’s monthly savings plans of different durations and amounts in just two minutes without having to worry about papers and forms Since the service was launched in September 2021, some 90,000 customers […]

Savings scheme

The Nigerian government plans to introduce a compulsory savings scheme for citizens between the ages of 18 and 50

The Nigerian government is reflecting on the report of the National Savings Scheme Task Force which has proposed a compulsory savings scheme for all Nigerians between the ages of 18 and 50. This comes as the Nigerian government looks for ways to raise funds in order to boost the national economy. The working group, which […]

Savings scheme

The Nigerian government plans to introduce a compulsory savings scheme for citizens between the ages of 18 and 50

The Nigerian government is reflecting on the report of the National Savings Scheme Task Force which has proposed a compulsory savings scheme for all Nigerians between the ages of 18 and 50. This comes as the Nigerian government looks for ways to raise funds in order to boost the national economy. The working group, which […]

Savings scheme

The Postal Savings Plan offers an interest rate of 6.8%; check eligibility, other details

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Savings scheme

FG agrees to partner with CBN and SEC for national savings program

Advertising The Federal Government has pledged to partner with the Central Bank of Nigeria, the Securities and Exchange Commission and others to implement the recommendations of the National Savings Scheme. The Minister of Finance, Budget and National Planning, Zainab Ahmed made it known on Tuesday 22 February, Naija News reports. The minister’s statement followed receipt […]

Savings scheme

FG Partner CBN, SEC on National Savings Scheme

Posted February 23, 2022 Minister of Finance, Budget and National Planning, Zainab Ahmed, on Tuesday received the report on the National Savings Scheme from the Task Force, with a commitment to work with stakeholders in implementing the recommendations . The task force was constituted virtually by the Minister in May 2020 due to the Covid-19 […]

Savings scheme

The Minister of Finance receives a report on the national savings plan | The Guardian Nigeria News

Adequate mobilization of domestic savings for capital formation and investment has been identified as a real option for the growth of the economy. Minister of Finance, Budget and National Planning, Zainab Ahmed said this while receiving the National Savings Scheme Task Force report in Abuja yesterday. Ahmed said the just-launched 2021-2025 Medium-Term National Development Plan […]

Savings scheme

FG receives a report on the national savings plan project

Director General Securities and Exchange-Commission Mr. Lamido Yuguda with Minister of Finance, Budget and National Planning, Zainab Ahmed Feb. 22 (THEWILL) – The federal government has received reports from the National Savings Plan Project Task Force, with a commitment to work with stakeholders to implement the recommendations. The task force was constituted virtually in May […]

Savings scheme

3% dividend announced for PTPTN’s college savings plan

KUALA LUMPUR (February 22): A 3% dividend has been declared for the National Education Savings Scheme (SSPN) for 2021, slightly lower than the 4% dividend declared for the previous year. According to the chairman of the National Higher Education Fund Corp (PTPTN), Wan Saiful Wan Jan. This brought the total annual dividend paid to distributors […]

Savings scheme

FG receives report on National Savings Scheme, to work with SEC and others on implementation – The Whistler Nigeria

Minister of Finance, Budget and National Planning, Ms. Zainab Ahmed, received the National Savings Scheme Report from the Task Force, with a commitment to work with stakeholders to implement the recommendations . The task force was constituted virtually by the Minister in May 2020 due to the Covid-19 pandemic. It was responsible for reviewing the […]

Savings scheme

Continue to invest in a stock savings plan even after the lock-in period

The Equity Linked Savings Scheme (ELSS) has long established itself as one of the most preferred forms of tax saving instruments in India. Due to some additional benefits such as lower tax gains, compounding power, better risk-adjusted returns, availability of SIP and lump-sum options, ELSS mutual funds offer the opportunity to generate reasonable returns while […]

Savings scheme

This Postal Savings Scheme offers 7.1% interest per annum – Know how to apply online at Indiapost.gov.in and other details

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Savings scheme

NBO Celebrates 27 Years of Al Kanz Savings System Legacy with Final Mega Draw, Offering 565,000 Omr

To cap off a legacy of nearly three decades, the National Bank of Oman (NBO) recently held its latest Al Kanz Savings Scheme raffle, giving away a total of 565,000 OMR to 56 lucky winners. The highly anticipated event, which took place at the bank’s headquarters in Athaiba, included the semi-annual mega raffle, which gave […]

Savings scheme

Turkey’s finance minister to announce gold savings program this weekend – sources

LONDON, Feb 8 (Reuters) – Turkey will announce a new program this weekend to encourage households to convert their gold holdings into liras, Finance Minister Nureddin Nebati told investors in London on Tuesday. Two investors who attended meetings with Nebati in London said the minister told them about plans to ensure that some of the […]

Savings scheme

Startup MGZN – NBB Announces 21st Al Watani Savings Scheme Awards for 2022

Press release. the National Bank of Bahrain (NBB) has announced its new pricing structure for the 21st edition of the Al Watani Savings Plan for the first half of the year 2022. Celebrating its 65and anniversary this year, the bank is offering more winners the opportunity to win grand prizes throughout 2022, commemorating the 65-year […]

Savings scheme

BNB Announces 21st Al Watani Savings Program Awards | THE DAILY TRIBUNE

TDT | manama The Daily Tribune – www.newsofbahrain.com The National Bank of Bahrain (NBB) has announced its new prize structure for the 21st edition of the Al Watani Savings Program for the first half of the year 2022. Celebrating its 65th anniversary this year, the bank is offering more winners the […]

Savings scheme

PTPTN Records Collecting Deposits of RM3.01b for National Education Savings Scheme in 2021 | Malaysia

Customers are seen at the National Higher Education Fund Corporation (PTPTN) in Kuala Lumpur on July 16, 2018. — Photo by Firdaus Latif KUALA LUMPUR, 31 January – The National Higher Education Fund Corporation (PTPTN) has recorded a total of RM3.01 billion in deposit collection on behalf of the National Education Savings Scheme (SSPN) for […]

Savings scheme

PTPTN sees record deposits for savings plan

KUALA LUMPUR: The National Higher Education Fund Corporation (PTPTN) recorded a total of RM3.01 billion in deposit collection on behalf of the National Education Savings Scheme (SSPN) for 2021, an increase of RM1.02 billion. RM or 50.95% from RM1.99 billion. in 2020. PTPTN Chairman Datuk Wan Saiful Wan Jan in a statement today considered it […]

Savings scheme

Invest in these programs to get a better return than FD; Know more

Postal Savings Plan: Investing in a good savings plan has always been a priority for the middle class in India, who mainly seek to invest in a policy with a high interest rate and guaranteed returns. While fixed deposits in banks meet this need, the interest rate and tax benefits are not as high as […]

Savings scheme

Savings scheme for seniors in FD, RD: Rs 1 lakh Section 80TTB benefit – SBI Research suggests

Budget 2022 Expectations for the Elderly: SBI Research suggests tax exemption of Rs1 lakh for the elderly under Section 80TTB. Expectations of the 2022 budget for seniors: SBI Research has suggested that the government should promote savings by increasing the tax exemption for the elderly under Section 80TTB to Rs 1 lakh. Currently, under this […]

Savings scheme

$68 million paid out to 117,000 CPF members through the Matched Retirement Savings Program

SINGAPORE – A total of $68 million in Matching Retirement Savings Scheme (MRSS) grants was credited by the government on January 7 to the Retirement Account (RA) of 117,000 Central Provident Fund (CPF) members ) for cash top-ups received in 2021. In a statement released Wednesday, January 19, the CPF Board of Directors said nine […]

Savings scheme

S$68 million in matching retirement savings scheme grants credited to CPF members

SINGAPORE: The government has provided S$68 million in matching retirement savings scheme grants to 117,000 members of the Central Provident Fund (CPF), the CPF board announced on Wednesday (January 19th). Grants were credited to members’ retirement accounts on January 7 for cash top-ups received in 2021. Nine out of 10 members received the maximum annual […]

Savings scheme

Ahlibank names Al Rabeh Savings Scheme award winner

Official at the event held to announce the winner of the 2021 Al Rabeh Savings Program raffle. Doha: Mireille Kalouch has been announced the winner of the latest Al Rabeh Savings Program raffle for 2021 with the mega cash prize of QR 1 million. The draw took place in the recently renovated Ahlibank Al Sadd […]

Savings scheme

Ahlibank names winner millionaire in latest 2021 Al Rabeh savings plan draw

Ahlibank has named Mireille Kalouch as the winner of the latest Al Rabeh Savings Program draw for 2021 with the mega cash prize of QR 1,000,000. The draw took place in the recently renovated Ahlibank Al Sadd branch, in the presence of Saad al-Kaabi, Head (Human Resources) of Ahlibank and Ahmed Shehata, DCEO (Retail & […]

Savings scheme

Ahlibank Names Winning Millionaire in Latest Al Rabeh Savings Scheme 2021 Draw

Ahlibank has named Mireille Kalouch as the winner of the latest Al Rabeh Savings Program draw for 2021 with the mega cash prize of QR 1,000,000. The draw took place in the newly renovated Ahlibank Al Sadd branch, in the presence of Saad al-Kaabi, Head (Human Resources) of Ahlibank and Ahmed Shehata, Acting DCEO of […]

Savings scheme

Ahlibank Names Winning Millionaire in Latest Al Rabeh Savings Scheme 2021 Draw

Ahlibank has named Mireille Kalouch as the winner of the latest Al Rabeh Savings Program draw for 2021 with the mega cash prize of QR 1,000,000. The draw took place in the newly renovated Ahlibank Al Sadd branch, in the presence of Saad al-Kaabi, Head (Human Resources) of Ahlibank and Ahmed Shehata, Acting DCEO of […]

Savings scheme

PPF, NSC rates for other small savings remain unchanged: check rates here

On Friday, the finance ministry kept interest rates on small savings plans including the Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY), other post office plans unchanged for the fourth quarter of exercise 22 amid increasing cases of the more contagious variant of the Omicron coronavirus and high level of inflation. ” The interest […]

Savings scheme

Postal savings plan: convert Rs 10 lakh into Rs 14 lakh in 60 months and benefit from tax advantages under section 80C

Postal savings plan: convert Rs 10 lakh into Rs 14 lakh in 60 months and benefit from tax advantages under section 80C New Delhi: The National Savings Certificate (NSC) is one of the most popular postal savings programs that offers guaranteed returns as well as tax benefits under section 80C. Financial planners often advise risk-averse […]

Savings scheme

Letter: History is a disturbing guide to Turkey’s savings plan

Faced with a currency crisis (“Erdogan’s New Savings Plan Revives Pound Amid Backdoor Rate Hike Alleged,” report, December 22), Turkish authorities design new savings plan aimed at to stabilize the value of the pound. Struck by persistent current account deficits, conflicts over the direction of monetary policy and political volatility, the authorities hope that the […]

Savings scheme

Turkish currency skyrockets after Erdogan unveils lira savings plan

The Turkish lira rallied in chaotic second day of trading after President Recep Tayyip Erdogan unveiled a new savings plan that analysts described as a devious interest rate hike that could erode finances public. Tuesday’s gains leave the currency up about 50% from a record low reached in the previous trading session. The intense volatility […]

Savings scheme

Share-linked savings plan (ELSS): unlock a tax saving option that has an advantage over traditional savings instruments

From PPF, LIC to mutual funds, there are several investment vehicles that not only help you save money or grow your fund, but also save you tax. As the year draws to a close and it is high time you declared your investment, many must be wondering about the best possible investment plans that will […]

Savings scheme

Only one day left to take advantage of the Asda Christmas savings plan

ASDA’s Christmas Savings Program ends tomorrow at 5 p.m., which means there is only one day left to maximize your bonus. The program works by rewarding customers who save money as Christmas approaches. 1 Asda Christmas Savings Program Ends TomorrowCredit: Alamy You get bonuses worth up to £ 15 depending on how much you save […]

Savings scheme

Postal Savings Plan 2021: Deposit Rs 500 per year and earn 7.1% interest return per year

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Savings scheme

Strengthen retirement savings

THIS is frightening to think of what will happen to our working young adults when RM 101 billion of Employee Provident Fund (EPF) funds flowed to over 7.4 million members to deal with the pandemic, leaving 73%, or nearly three quarters of them, in a serious state of having insufficient funds to retire above the […]

Savings scheme

The name bond, the green bond: how a new savings plan can make your money more sustainable | Build green habits

Earlier this year, a deloitte report found that the pandemic had boosted our ecological awareness, with 85% of people adopting at least one lifestyle change to be more sustainable last year. We are probably all familiar enough with measures like reducing plastic waste, but did you know that one of the other steps you can […]

Savings scheme

Netting a Bargain: Quick Bonus Christmas Savings Program for Supermarkets; Spar grocery offers; Free £ 10 Amazon Voucher with Tommy Hilfiger

Jonathan Campbell brings together the best deals on the web and on Main Street :: WEEKS ago I reported how to get a bonus year for the supermarket Christmas savings program in one day. Now is the time to act. Tesco’s program closed for this year, but its competitors are approaching their deadlines. It’s 11:59 […]

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

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

The BNB reveals the winners of the “Al Watani savings plan” for August 2021

Manama, Bahrain: The National Bank of Bahrain (NBB) unveiled the five lucky winners of its Al Watani savings plan for August 2021. The draw took place at the Bank’s headquarters on September 15e, in the presence of representatives of the Ministry of Industry, Trade and Tourism and external auditors. A total of four winners; Farah […]

Savings scheme

BNB announces the winners of the “Al Watani savings plan” for August 2021

Manama, Bahrain: The National Bank of Bahrain (NBB) has announced the five lucky winners of its Al Watani Savings Program for the month of August 2021. The draw took place at the Bank’s headquarters on September 15andand brought together representatives of the Ministry of Industry, Trade and Tourism and external auditors. A total of four […]

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

Launch of the first MFS-based digital savings program in Bangladesh: IDLC

FE ONLINE OFFICE | Published: 02 September 2021 18:18:05 | Update: 04 September 2021 16:38:38 A “digital savings system” has been launched to allow people, including those who previously lived outside financial inclusion, to benefit from IDLC Finance’s term deposit services using their bKash accounts. Leading non-banking financial institution IDLC Finance showcased the program at […]

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 […]

Savings scheme

LIC Pradhan Mantri Vaya Vandana Yojana vs. Seniors Savings Plan: COMPARISON – Know the Interest Rate, Benefits, Tenure and More

Most of the time, seniors place their retirement savings in risk-free areas. They don’t want to risk their savings in uncharted territory. For a safe bet, they deposit their money in the mail, government-related programs, or opt for term deposit programs to earn regular income after retirement. LIC Pradhan Mantri Vaya Vandana Yojana (PMVVY) and […]

Savings scheme

Seniors Savings Plan | Five investment plans for seniors with regular income

Five investment plans for seniors with regular income | Photo credit: BCCL New Delhi: Due to the onslaught of the Covid-19 pandemic, central banks around the world have been pushing to cut interest rates to avoid liquidity pressures. While lower interest rates can be a tonic for a struggling economy, they can negatively impact seniors […]

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

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 […]

Savings scheme

Sunak UK plans to announce stg 15 billion green savings program to the public – The Times

British Chancellor of the Exchequer Rishi Sunak attends a virtual press conference inside 10 Downing Street, central London, Britain on March 3, 2021. Tolga Akmen / Pool via REUTERS June 30 (Reuters) – UK Finance Minister Rishi Sunak is expected to announce plans for £ 15bn ($ 21bn) of green savings bonds, allowing people to […]

Savings scheme

Banque Al Salam launches an exclusive Danat savings plan for its employees and their families

Commenting on the launch of the plan, Deputy Managing Director Mr. Anwar Murad said: to win life changing prizes with their savings. This initiative is part of our commitment to provide a working environment in which employees and their families experience added value, while encouraging savings among our employees. Disclaimer: The contents of this press […]

Savings scheme

Al Salam Bank launches an exclusive Danat savings plan for its employees and their families

For every BD 50 invested in their Danat savings account, employees and their immediate family members have the opportunity to participate in monthly draws. The program offers cash prizes, salary prizes and much more. Manama, Bahrain: Following the recent launch of the Danat Savings Scheme for the year 2021, Al Salam Bank announces the launch […]

Savings scheme

Who gave the green light to “inadvertently” reduced small savings plan rates? Nirmala Sitharaman herself

On March 31, the Ministry of Finance announced that interest rates on small savings plans would be reduced to 1.1% for the first quarter of 2020-2021. The very next day, presumably fearing a reaction from public opinion, Finance Minister Nirmala Sitharaman withdrew the order, tweeting that it had been “inadvertently issued”. But who was responsible? […]

Savings scheme

Savings scheme for seniors I Options for seniors as FDs lose their luster with negative real interest rate

Options for Seniors as FD Loses its Luster with Negative Real Interest Rate | Photo credit: Thinkstock In an age when interest rates on fixed income assets are at historically low levels, investors, especially those who depend on interest income, are being left behind. On top of that, rising inflation levels reduce the meager returns […]

Savings scheme

SCSS Vs PPF Vs Sukanya Samriddhi – which savings plan gives you the HIGHEST RETURNS? Compare and find out

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Savings scheme

Equity Linked Savings Plan (ELSS): Section 80C allows deduction of Rs 1.5 lakh for investments in ELSS: here’s how

Equity savings plan: ELSS mutual funds have a three-year blocking period A stock linked savings plan or ELSS is one of the most popular categories of mutual funds that offer tax benefits. Under the provisions of section 80C of the Income Tax Act 1961, a person can claim tax deductions of up to Rs 1.5 […]

Savings scheme

Sukanya Samriddhi Yojana: This little savings plan offers massive interest rates to investors; Know the advantages

zeenews.india.com understands that your privacy is important to you and we are committed to being transparent about the technologies we use. This Cookie Policy explains how and why cookies and other similar technologies may be stored on and accessed on your device when you use or visit zeenews.india.com websites that link to this policy (collectively, […]

Savings scheme

Bauchi, Gombe, Plateau support Jaiz Bank’s Hajj savings plan

The states of Bauchi, Gombe and Plateau have pledged to support the new Hajj savings plan through the Nigeria National Hajj Commission and Jaiz Bank to facilitate hajj processes for Muslims in Nigeria. Governors Bala Muhammed of Bauchi, Inuwa Yahaya of Gombe and Simon Lalong of Plateau approved the program during launch and awareness exercises […]

Savings scheme

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