Savings scheme

Seniors Savings Plan vs Term Deposits: Which Investment Plan is Best for Seniors? | Personal finance news

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 […]

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

Seniors Savings Plan: Ensure Financial Security with THIS Plan – Check Eligibility, Investment, Interest Rate, Exit Option and Other Details Here

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 […]

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 […]