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

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

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 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 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

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

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

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

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

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

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

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

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

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

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

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

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

BIG RETURN! PPF, NSC, Sukanya Samriddhi, COUPE Seniors Savings Program Interest Rate; see the new prices here

Small Savings Plans new interest rates: In a major setback to ordinary man’s savings goals, the government cut interest rates on small savings plans. This was notified by the finance ministry in a circular on Wednesday. This drop in interest rates will apply to the main savings plans, in particular PPF, NSC, Sukanya Samriddhi, Senior […]

Savings scheme

Interest rates on PPF, NSC, Sukanya Samriddhi and Savings Plan for Seniors have been reduced. Details here

The Ministry of Finance announced Wednesday a drop in interest rates for small savings plans. According to the ministry circular dated March 31, interest rates on small savings have been reduced by 50-100 basis points for the April-June quarter of fiscal year 2021-22. The interest rates for small savings plans are reviewed and communicated by […]

Savings scheme

Siply Launches Affordable Gold Savings Program With High Returns For The Masses

The unique program is designed to make participation in Gold Savings programs a reality for underserved Indians, with very low monthly payments and above average returns. BENGALURU, India, March 24, 2021 / PRNewswire / – The Siply micro-savings fintech platform, which offers “sachet-style financial services” for 40 crores Underserved Indians, announced today the launch of […]

Savings scheme

Tax savings for seniors | Savings Plan for Seniors vs PMVVY: Knowing the Best Investment Option for You

Savings Plan for Seniors vs PMVVY: Knowing the Best Investment Option for You New Delhi: Seniors have become the biggest victim of this drop in repo rates as FD bank rates have fallen. As seniors mainly depend on their own income, their income has dropped by up to 30% over the past year, making it […]

Savings scheme

Home Funding Group fined $ 400,000 for “savings” program

A company has been fined $ 400,000 for falsely claiming to offer a savings program to help low-income families buy homes, following a Trade Commission investigation. Photo: 123rf.com Home Funding Group Limited (HFG) was found guilty of two counts under the Fair Trading Act by the Auckland District Court on January 12. She is in […]

Savings scheme

“Hajj Savings Plan Will Boost MSMEs and Financial Discipline”

The new Hajj savings plan by the Nigeria National Hajj Commission (NAHCON) in collaboration with the State Muslim Pilgrims Welfare Boards and Jaiz Bank Plc, will enhance access to finance for micro, small and medium enterprises (MSMEs), said Jigawa State Governor Muhammad Abubakar. Speaking at the launch and awareness raising of the Scheme in Dutse, […]

Savings scheme

CPF Matching Retirement Savings Plan: Who Is Eligible and How It Works, Money News

Reloading your parents’ CPF Retirement Account has long been a way of providing financial support to members of your family. Now you might be able to get money from the government when you do. The CPF Matching retirement savings plan (MRSS) is a new device that will run over five years, from 2021 to 2025. […]

Savings scheme

PPF, other small savings rates unchanged. Check out the latest prices here

The government today kept the interest rates on small savings plans, including that of the Public Provident Fund or PPF, unchanged for the January-March quarter. The interest rates for small savings plans are revised quarterly. The interest rates of the various small savings plans for the fourth quarter 2020-2021, from January 1 and ending on […]

Savings scheme

Government-supported alternatives to the small savings plan

The government has kept the interest rates of the Small Savings Plans unchanged for the next quarter. Between January and March, interest rates will remain unchanged. In today’s interest rate environment, small savings plans are the best option for conservative investors who do not invest in stocks and wish to invest in government guaranteed products. […]

Savings scheme

FD vs SCS scheme | Special SBI FD vs Senior Savings Plan: which one to choose?

SBI special FD vs Senior Citizen Savings Scheme: which one to choose New Delhi: Planning for retirement is one of the key financial steps everyone should take to ensure they are financially stable after retirement. You need to save and invest enough to ensure that your retirement corpus is large enough that you can maintain […]

Savings scheme

From PPF to Sukanya Samriddhi Yojana, this is what the programs offer you

Postal savings: Besides delivering mail and offering a wide range of financial services, India Post offers a number of popular investment options and can be opened easily at any nearby post office with a minimum of Rs 1,000. Read also: Double your money with small savings programs like Kisan Vikas Patra For investors, India Post […]

Savings scheme

How to open a Seniors Savings Account

The Seniors Savings Plan (SCSS) is a government-backed plan that offers seniors a great way to invest a portion of their retirement corpus and earn quarterly interest. Security of capital and assured periodic returns play a key role in choosing an investment program, especially in the case of the elderly. This scheme, which offers guaranteed […]

Savings scheme

Seniors Savings Plan 2020: all you need to know

To get the best return while building wealth, you need to combine both high risk and high return funds as well as low risk and fixed return investment options. People over the age of 60 and looking for places to keep their savings safe after retirement while earning a moderate rate of return, typically land […]

Savings scheme

How to open a Seniors Savings account: all you need to know

The senior savings plan was set up in 2004 with the aim of offering seniors a stable and secure source of income for their post-retirement. How to open a Seniors Savings account The Seniors Savings Plan (SCSS) is a government-funded savings plan for people over 60. The SCSS is a government-backed plan. Payment to the […]

Savings scheme

Best investment options for seniors: Senior Citizen Savings Scheme (SCSS), Fixed Deposit to GoI Bonds during COVID19

The financial lives of older people have been affected by the coronavirus outbreak and the lockdown that followed, as they typically manage their investments through visits to banks or post offices. Best investment options for seniors during the coronavirus pandemic: The financial lives of older people have been affected by the coronavirus outbreak and the […]

Savings scheme

Post Office Elderly Savings Scheme Against State Bank of India Fixed Deposit (FD) Interest Rate

Elderly Savings Program (SCSS) offered by India Post or Post Department and State Bank of India (SBI) Elderly Fixed Deposit Accounts (FD) are some of the investment options available for the elderly. The Senior Savings Plan (SCSS) can be opened by a natural person aged 60 or over. A person aged 55 or over but […]

Savings scheme

Interest rate of the savings plan for the elderly, account of the Public Provident Fund (PPF)

Postal savings: The Caisse d’Epargne Senior (SCSS) account has a maturity of 5 years. In the provisional budget for 2019-2020, the government proposed to raise the threshold for withholding tax (TDS) on interest received on bank and postal deposits from Rs 10,000 to Rs 40,000. With this announcement , depositors are likely to save more […]