Posts in Category: post office savings

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

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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

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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

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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

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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

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5 Reasons why you should not invest in Post Office schemes

Post office  department has been the pillar of small savings in India. With a total  investment base of about 6 lac crores, they are one of the biggest deposit mobilizers  in Indian banking sector. While traditionally Post office schemes enjoyed huge popularity due to round the corner presence , local trust and the fact that they offered slightly higher returns than similar schemes from banks but they have not at all kept pace with improvements in

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