Small Saving Scheme News

Sukanya Samriddhi Account(SSA)​ is a small savings scheme that is managed by the government of India. When it comes to saving for your girl child SSA is the most sought scheme as it is a tax-free product and offers 8% interest ...

Due to multi-year low rates and rising interest rates, the appeal of Senior Citizen Savings Scheme (SCSC), Kisan Vikas Patra, Public Provident Fund (PPF), and Sukanya Samriddhi Yojana (SSY) has decreased. While schemes like SCSC and SSY are aimed at specific ...

The Department of Posts (DoP) under the supervision of the Ministry of Communications, Government of India has mandated the account holders to submit their passbook at the time of closure/premature closure of any accounts such as Recurring Deposit/Term Deposit/Monthly Income Scheme ...

When it comes to investing in secure investments for consistent returns, investing in a debt product is always suggested. Government, corporate, municipal funds, fixed deposits, tax-saving fixed deposits, small saving schemes are examples of debt investments that are highly considered by ...

The penalty for failing to maintain the required minimum balance in a post office savings account has been cut by half. According to a notification released by the Ministry of Finance on April 9, 2021, the account maintenance fee for failing ...

In July of last year, the government released a new rule under the Income Tax Act. If an individual withdraws money from small savings schemes such as public provident fund (PPF), post office deposits, recurring deposit, or national savings certificate, he ...

In a release the finance ministry said "The rates of interest on various small savings scheme for the third quarter of the financial year 2017-18 starting October 1 shall remain unchanged from those notified for the second quarter of 2017-18". This ...