Small Savings Schemes News

The Department of Posts released clarifications on the operation of post office savings accounts in a circular dated November 5, 2021. The clarifications on different POSB Operations concerns such as the issuing of a new passbook, opening of a joint account, ...

Small savings schemes, apart from fixed deposits, are the safest option among risk-free instruments to invest. Small savings schemes, such as post office savings accounts, have their interest rates updated every quarter. The government has left the interest rate for small ...

The Department of Posts has published a standard operating procedure (SOP) for processing claim cases covering PoSB accounts, Cash Certificates, Money Orders, Postal Life Insurance (PLI), Rural Postal Life Insurance (RPLI), etc. In a circular dated May 27, 2021, the department ...

For small savings schemes such as PPF, NSC- which are also the most sought after considering the sovereign backing and the higher returns, the rates are announced every quarter. After leaving the rates steady for quite a while now, it ...

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 ...

The uncertain time will make investors in PPF see that they have not seen for nearly half a century with rates slashing to below 7%. For the ongoing quarter, the centre slashed PPF interest rate by a steep 80 basis points ...

Small savings schemes are likely to see an interest rate cut for the quarter April-June 2020. Based on the yield on 10-year government bonds, the government revises interest rate on schemes including Public Provident Fund (PPF), National Savings Certificate (NSC), Senior ...