Before 2011, rates on these small savings were fixed. The interest rates on Post Office Small Saving Schemes decided by the government, remain unchanged for years. A committee headed by Shyamala Gopinath, former deputy governor of the Reserve Bank of India, had recommended that the rates on sma...
Post office schemes like Public Provident Fund (PPF), Post Office Savings Account(SB) ,RD, TD, MIS, Senior Citizens Savings Scheme Account, NSC, Kisan Vikas Patra
Post Office Saving Bank play vital role. The banking services provided by post office attract a large number of people both from rural and urban areas due to easy accessibility and assured return. The post office offers various schemes to encourage the savings and motivate people to save.Muthu...
1) Among the post office saving schemes, highest interest rates is being offered on Sr. Citizens Saving Scheme which is 8.3%. Earlier even Sukanya Samriddhi Account (SSA) Scheme too used to get highest interest among the small saving schemes. Now SSA offer only 8.1% interest rate fo...
14. NSC v/s other Tax-Saving Schemes The table below analyses how National Savings Certificate fares against other tax-saving schemes. ParticularsReturnsLock-in PeriodRisk Profile National Savings Certificate7.7% p.a.5 yearsLow risk Equity-Linked Savings SchemeMarket-linked.3 yearsModerately High ...
trend has given an indication, that interest rates would go down for small saving schemes too. As expected, Ministry of Finance has reduced the post office small saving scheme interest rates now. What are the latest interest rates on post office small saving schemes for July to Se...
The Post Office's outgoing CEO today agreed the government is using the company as a "shield" over compensation schemes, while giving evidence at the inquiry. Nick Read, whoresigned last month, was giving evidence at the Post Office Horizon IT Inquiry for ...
Ministry of Finance (MoF) has announced the latest post office rates for the period January to March, 20201. As expected, Ministry of Finance has retained current post office interest rates compared to the previous quarter. Post office schemes / small saving schemes are considered as the safest...
around 17 crore post office saving bank accounts and another 17 crore people are subscribed for monthly income scheme, time deposit, national saving certificate or other post office schemes. Previously all PO Account holders were able to transfer money only from one POSB account to other POSB ...
Investment behaviour of postal customers towards post office saving bank schemes (posb): a case study of Kolhapur district (M.S.)Investment behaviour of postal customers towards post office saving bank schemes (posb): a case study of Kolhapur district (M.S.)Since more than 150 years before, ...