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National Savings Monthly Income Account Rules Explained
The POMIS (post office monthly income scheme) is a small savings scheme that allows you to contribute a fixed amount and earn a predetermined interest rate every month. The five-year monthly income scheme will earn an interest rate of 6.6 per ...
National Savings Monthly Income Account Rules Explained
Post Office RD: Here’s How To Calculate Your Returns
Post Office Recurring Deposit (RD) is a small savings scheme backed by the government of India. Because of the attractive interest rate, post office recurring deposits have been the most preferred investment bet as opposed to banks. For a tenure of ...
Should You Invest In Small Savings Scheme?
An abrupt sharp interest rate cut announced for the new quarter beginning April on post office small savings scheme and then an overnight withdrawal has left many to wonder as to how long the rates that are currently on the higher ...
Should You Invest In Small Savings Scheme
Why Small Saving Schemes Are Important For Your Personal Finance?
The government of India has introduced a range of investment vehicles widely known as small savings schemes of the post office. The PPF, the National Savings Certificate (NSC), the Senior Citizens Savings Scheme (SCSS), Post Office Recurring Deposit, 5-Year Time Deposit ...
Why Small Savings Schemes Are Important For Your Personal Finance
Centre Withdraws Cut In Small Savings Interest Rate
Just a day after announcing rate cut on post office schemes, the centre on Thursday rolled back the cut. The announcement was made by Finance Minister Sitharaman.So, the various small savings scheme will fetch return as applicable in the last quarter ...
How To Double Your Money In 10 Years Using Small Savings Schemes?
Small savings schemes is among the safest long-term investment options in India that are also easily available to all residents of the country at their nearest post-office or bank. The safety of these investments comes from their government-backed guarantee. There is ...
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