Posts in Category: saving schemes

Post Office Sukanya Samriddhi Yojana (SSY): Scheme Details, How to open An Account

Sukanya Samriddhi Yojana is a govt scheme for the girl Child however very few people know that sukanya samriddhi account can be opened in post office as well. We discus about Post office Sukanya Samriddhi Yojana Scheme Details, how to open an account and tax benefits in this blog.

Gender discrimination is one of the grave problems we all face in India. In India where education of male child is given priority and where wedding expense

Read More


Post Office NSC : Interest Rate Chart, Taxation Benefit, Calculator

Post Office NSC or National Savings Certificate is a popular investment vehicle. In this post, we look at NSC interest rate chart, Tax Benefits and interest rate calculation. NSC has been into market since early 1950s’. The NSC during the beginning was issued with an intention to raise money for helping the development of India. The transition of NSC from fund generating investment scheme to tax saving investment scheme was much later.

Now-a-days NSC is a

Read More


Post office scheme for Boy Child : Save more for your Boy

Post Offices have helped many citizens develop investment habits. In this blog post, we look specifically at the post office schemes for a boy child. We will specifically discuss ‘Ponmagan Podhuvaippu Nidhi’ and how other post schemes can be used for the boy child.

Indian Post offices have existed for a very long period. The post office has been the oldest organization which has helped the Indian citizen to cultivate and nurture the saving and investment

Read More


Post office KVP: Scheme Details, Interest Rate Chart, Taxation Benefits

Kisan Vikas Patra (KVP) for a very long time has been a very popular investment scheme amongst lower and middle income earners . The Post KVP scheme was first introduced in 1988 but was discontinued in 2011. But due to popular demands and request the KVP was re-introduced in 2014.

KVP is a government investment scheme wherein an individual can invest their saving in lump-sum. On every investment made the by the individual government pays interest

Read More


Post Office Recurring Deposit: Scheme Details, Interest Calculation, Tax Exemptions

Recurring Deposit (RD) is a special kind of term deposit account offered by the banks operating India. Under this account scheme an individual can deposit a fixed amount every month into their Recurring Deposit account and earn interest at the rate defined by the RBI for the period of deposits.This is a very popular saving scheme for salaried employees with limited income source. Post office also offers Post Office Recurring Deposit Scheme and we will

Read More


Is PPF Dead

PPF (Public provident fund) holds an iconic status as far as saving/investment options are concerned but in recent years interest rates on PPF investments have been declining steadily latest interest rates on PPF is 7.9 % for Q1 2017-2018. Interest rates on PPF now trail yields on government securities and hence will  always stay in line with interest rates on other saving rates in market.

The graph below shows how interest rates have moved for your

Read More


Post Office Monthly Income Scheme (POMIS) – A detailed guide

Post Office Monthly Income Scheme (POMIS) is an investment option that ensures that the investor would receive guaranteed monthly payment based on the investment amount made. MIS is said to be one of the safest options to invest funds.

The prominent features of every MIS are:

  • Under the MIS scheme the capital invested remains intact with no risk attached for non-return.
  • Under MIS scheme the investor is to receive ensured amount of monthly return.
  • The return rates are comparatively

    Read More


PF Withdrawal Without Employer Signature – All You Need To Know

Do you want to withdraw PF corpus and don’t know where to start? Fortunately, you have come to the right place. We understand that PF withdrawal process is hectic and complicated for most retired people. Because they don’t have a clue about the essential details and forms.

Don’t worry; we have devised this guide especially for you. Here, we will explain essential methods for PF withdrawal. By following these methods, you will

Read More


Want To Close Your PPF Account? – Here Is How To Do It

You must have heard about Public Provident Fund having 15 years of maturity. But you probably have no idea about its withdrawal rules and policies. That’s why you have landed here!
Hoping you already know about PPF scheme, we are moving directly to the main crux. You may check out Public Provident Fund Guide, in case you want further details!

Closure Of PPF Account

The maturity tenure for PPF account

Read More


PPF Calculator – Calculate Maturity & Interest for your PPF account

PPF calculator refers to the simple calculator that determines interest earned on your investment in PPF account. The basic idea behind PFF calculator is compounding the interest on your investment. Although, you can exercise this method manually when you have to calculate interest for one year. But when it comes down to fifteen or ten years, the calculations can be messier. So, to save you from hassle, dozens of online calculators are available

Read More