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 […]
Usman Aliyu Buba pleads against the suspension of the regime If every Muslim had their way, they would visit Makkah at least once in their lifetime to perform the spiritual duty of Hajj in fulfillment of one of the five pillars of Islam. But of all the duties that the religion of Islam has obligated […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
New Delhi: While March 31, 2022 marks the end of the current fiscal year, it also indicates the number of financial changes that are expected to take effect from the start of the following fiscal year, i.e. from April 1, 2022. It’s wise to know what’s changing from April 1 in advance, so here’s a […]
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 […]
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 […]
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 […]
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 […]
Classroom oi-Vipul Das | Posted: Thursday March 17th 2022, 04:56 PM [IST] The Senior Citizen Savings Scheme (SCSS) has proven to be more attractive to senior citizens wishing to invest, firstly because of the security of deposits, as the scheme is run by the Indian government, and secondly, because depositors will receive a higher return […]
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 […]
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 […]
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 […]
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 […]
Those who invest in postal systems should know that it is now mandatory to have a savings account to get quarterly, monthly and annual interest on small savings plans such as National Monthly Income Savings Account (MIS), Senior Savings Account (SCSS), and term deposit. Those who derive interest in any of the schemes will not […]
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 […]
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, […]
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 […]
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 […]
(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 […]
Sukanya Samriddhi Yojana (SSY) is a small savings scheme available to parents of a girl under 10 years old. “Of all the small savings plans, SSY has tax-free-exempt-exempt (EEA) relief and offers the highest interest rate of 7.6%, which has always remained that way,” said Amit Suri, a Delhi-based financial planner. How the diet works […]
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, […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Postal Savings Plan: Citizens of India, largely in the lower middle class and middle class sections, still rely on savings schemes that guarantee an assured return at maturity so that none of their hard-earned money is lost . Therefore, they tend to invest their money in government supported programs. The post, in this regard, is […]
Postal Savings Plan: Senior citizens in India are not yet too digitally compliant as they are not tech savvy. Due to this, postal savings plans are still particularly popular among them, except for others. Several savings schemes offered by India Post are among the most popular risk-free savings schemes in the country. For the average […]
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 […]
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 […]
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 […]
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 […]
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 & […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
The Post Office, via a notification dated November 22, 2021, said it had “received statements from the Senior Citizens’ Savings Scheme (SCSS) account holder (s) that the TDS amount has been deducted from their payments of interest even after submission of form 15G / 15H for the current fiscal year. The department stated that “the […]
Classroom oi-Sunil Fernandes | Posted: Friday Dec 3, 2021 10:50 a.m. [IST] One of the most popular savings plans for seniors is the Senior Savings Plan run by post and banks. It offers security as well as high returns for the elderly. Can I open a Seniors Savings Plan online? Unfortunately, there is currently no […]
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 […]
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, […]
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 […]
Here’s how my dad once explained the concept of a false economy: “This is the guy who takes giant steps to avoid wearing out his $ 20 shoes and ripping his $ 50 pants. “ I did a similar stunt a few days ago. Neither the pants nor the shoes were damaged, but my glasses […]
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 […]
(MENAFN-Mid-East.Info) Muscat: Oman Arab Bank (OAB) recently announced the names of the winners of its Hasaad savings plan for September 2021. The draw saw 101 clients win prizes of OMR 500 each and two winners of OMR 10,000 in the raffle. As for Elite account holders, one client won the Elite Grand Prix of 25,000 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
When thinking of investing money in a safe and reliable way, the first thing that often comes to mind is the use of term deposit accounts or savings accounts with your banks. However, there is an equally effective alternative. You should consider investing your money through the Post’s Savings Plan, or more specifically, the Post’s […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
New Delhi: If you are over 60 and are planning to invest your hard-earned savings in a secure investment vehicle, you may consider placing your money in the Seniors Savings Program or term deposits. India Post launched the Elderly Savings Program for Elderly Investors in 2004. The program is also run by public sector banks […]
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 […]
India Post Saving Scheme: Here is good news for account holders in Post Office. India Post has increased the withdrawal limit for its customers. With this change, India Post can compete with commercial banks and their savings plans.Read also – Postal savings plan: just invest Rs 1000 in Kisan Vikas Patra and get a double […]
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 […]
Saving money for the future is one of the most important things a person should do as soon as they start making money, especially for financial security in old age and after retirement. . If it is not planned, retirement is a source of uncertainty. However, there are savings products that are safe and provide […]
Giving great relief to applicants for a depositor of the Seniors Savings Program (SCSS), the Association of Indian Banks (IBA) has asked its member banks not to impose a penalty for withdrawing from the program by a candidate or legal heir after death. of the account holder. In a circular, IBA says it has come […]
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 […]
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 […]
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 […]
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 […]
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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 […]
The Seniors Savings Plan can be opened before the age of 60; here is how | Photo credit: PTI Senior Citizen Savings Scheme (SCSS) is a government-backed savings scheme designed to provide a stable, low-risk income stream for seniors along with tax benefits. Retirees can invest up to Rs 15 lakh as a lump sum […]
I took my early retirement on 12.31.2020 at the age of 56. I then received part of my pension contribution. My company has a private provident fund trust. I received Rs. 25 lakhs on June 5, 2021 being my contingency fund (PF) owed by the company. Can I deposit Rs. 15 lakhs on this PF […]
NEW DELHI: A Savings Plan for Seniors (SCSS) is a government-supported retirement scheme. A senior can invest in the scheme on a lump sum basis, individually or jointly, and access regular income as well as tax benefits. Here are the following three criteria that can help an Indian resident to invest in the program. 1. […]
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 […]
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 […]
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? […]
This is always a good time to invest in mutual funds, however, for those looking to achieve high returns in a short period of time, note that the short term market changes quickly. Even though investing in mutual funds is seen to offer higher returns than fixed investment options, most people still seek tax advantages […]
Calculation of SCSS Fixed Income Securities The interest rate provided for under the Senior Savings Plan is adjusted quarterly. The interest rate announced at the time of investment remains unchanged for the duration of the maturity period and is not affected by changes in the coming quarter. For example, Mr. A deposited Rs 1 lakh […]
SCSS vs PMVVY New Delhi: Seniors mainly prefer risk-free instruments to park their retirement savings. This is the reason why they mainly opt for fixed bank deposits to get regular income after retirement. However, since interest rates on term deposits have fallen significantly due to the RBI’s 115 basis point repo rate cut by the […]
SCSS vs PMVVY: For an elderly person, investing in a risk-free instrument is the most advisable. That is why bank fixed deposit (FD) is one of the most preferred investment options among the elderly. But, the way the FD bank interest rate nosedived, seniors began to look at other insured return options like Senior Citizen […]
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 […]
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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 […]
Last week’s interest rate cut on small savings plans – which was later revoked – was not the first cut. It won’t be the last. Over the past two decades, successive governments have tried to walk a tightrope between financial inclusion and fiscal prudence. Government-backed small savings programs provide a safe and attractive investment avenue […]
Personal finance oi-Roshni Agarwal | Posted: Saturday April 3rd, 2021 01:04 PM [IST] A sharp sharp drop in interest rates announced for the new quarter starting in April on the Post’s savings plan, then an overnight withdrawal has left many wondering how long the rates that are currently at. the hike given the low interest […]
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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 […]
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