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

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

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 […]

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 […]