After the RBI’s decision, many banks have reduced interest rates. In such a situation, interest rates on fixed deposits (FD) are also decreasing. However, investors are still getting 8.2 percent interest rates in many small savings schemes.

Most small savings schemes offer high returns between 7-8 percent per annum, while fixed deposits generally offer returns between 6-7 percent per annum. SBI offers 6.7 percent interest to general customers on its 1-year FD. Whereas, on one-year FD, Union Bank of India offers 6.75 percent, Bank of Baroda 6.85 percent, HDFC Bank 6.6 percent and ICICI Bank 6.7 percent interest. Along with this, senior citizens get an additional 0.50 percent interest on these deposits. Small savings schemes running in the country offer interest ranging from 6.7 to 8.2 percent. Investors get 8.2 percent interest in Senior Citizens Savings Scheme (SCSS) and Sukanya Samriddhi Yojana (SSY).

Sukanya Samriddhi Account Scheme

The interest rate on Sukanya Samriddhi Account Scheme is 8.2 percent. In January 2025, the government increased this interest rate from 8 percent to 8.2 percent. The interest on this account is increased annually.

Senior Citizen Savings Scheme (SCSS)

Senior Citizen Savings Scheme (SCSS) is offering 8.2 percent interest on quarterly basis. This interest rate was increased from 8 percent to 8.2 percent in April 2023 and is applicable till now. The minimum deposit in this scheme starts from Rs 1000 and investors can invest up to Rs 30 lakh.

Related Articles:-

Train Cancelled: Railways has canceled and rescheduled many trains, see the full list here

Traffic Challan: Can a challan be issued if the vehicle has low fuel in the tank ? Know all details

NPS Vatsalya Calculator: Your child will become a millionaire! Start investing from Rs. 1000

The post Bank interest rates are decreasing, but these small savings schemes are offering 8.2% interest. first appeared on Rightsofemployees.com.

However, after the decision of the Reserve Bank of India (RBI) to stop the increase in repo rate, banks have stopped increasing FD rates. In the month of September, Kotak Mahindra Bank, Axis Bank and IDBI Bank have changed their FD rates.

Kotak Mahindra Bank FD Rates

Kotak Mahindra Bank has revised the interest rates of its fixed deposits. After this change in interest rates, Kotak Bank is giving 2.75% to 7.25% interest to general customers on FD of 7 days to 10 years. At the same time, the bank is giving 3.25% to 7.75% interest to its senior citizen customers on the same time period. The increased new interest rates are applicable from September 13, 2023.

Axis Bank FD Rates

Axis Bank has changed the interest rates on its fixed deposits. According to the official website of the bank, these rates are applicable from September 18, 2023. Axis Bank is offering 3% to 7.10% interest to its general citizens and 3% to 7.75% interest to its senior citizen customers.

IDBI Bank interest rates

IDBI Bank has also revised its fixed deposit rates. According to the bank’s website, these rates are effective from September 15, 2023. IDBI Bank is giving 3% to 6.8% interest on FD of 7 days to 5 years to general customers and 3.5% to 7.3% interest to senior citizen customers.

Disclaimer: Only information about share performance is given here, it is not investment advice. Investing in stock market is subject to risk and please consult your advisor before investing.

The post Bank FD rates: Kotak, Axis, IDBI Bank revises fixed deposit rates. Details here first appeared on Rightsofemployees.com.

Today we are going to tell you about such a government scheme, in which you will get full 35 lakh rupees from the government. If you also want to become a millionaire without risk then this is a great plan for you. Post office and bank FDs are still considered the best option for investment.

What is the name of the scheme?

Let us tell you that the name of this post office scheme is Gram Suraksha Yojana, in which you get full 35 lakh rupees from the government. This scheme was started by India Post for the customers. This protection plan is one such option in which you can get good returns with low risk. In this scheme you have to deposit Rs 1500 every month.

There will be benefit of up to Rs 35 lakh

If you invest regularly in this scheme, then in the coming time you will get the benefit of Rs 31 lakh to Rs 35 lakh.

Know how to get benefit?

Suppose a person invests in this scheme at the age of 19 and buys a policy of Rs 10 lakh, then his monthly premium will be Rs 1515 for 55 years, Rs 1463 for 58 years and Rs 1411 for 60 years . The policy buyer will get Rs 31.60 lakh for 55 years, Rs 33.40 lakh for 58 years and Rs 34.60 lakh for 60 years on maturity.

Know the rules of investment

Any Indian citizen between the age of 19 to 55 years can invest in this scheme.

The minimum sum assured under this plan can range from Rs 10,000 to Rs 10 lakh.

The premium payment for this plan is monthly, quarterly, half-yearly or annually.

You can also take a loan on this scheme.

You can also surrender this scheme after 3 years of taking it.

The post Post Office’s superhit scheme, deposit Rs 1,500 every month and get 35 lakhs on maturity first appeared on Rightsofemployees.com.

One of the biggest reasons for this is that the bank’s FD There is absolutely no risk in the schemes and your investment money is absolutely safe. However, many times there are complaints from bank FDs that the interest received in these is very less. In such a situation, we have brought a list of some private banks for you, in whose FD schemes you will be able to get the benefit of much better interest rate.

Explain that under Section 80C of the Income Tax Act, tax deduction can be claimed on investments up to Rs 1.5 lakh. Tax saving FDs have a lock-in period of five years and premature withdrawal is not allowed.

DCB Bank FD Plan

DCB Bank , the leading private sector bank , is offering an interest rate of 7.6 per cent per annum to its customers. If we talk about the interest offered by private banks on FDs, then this interest rate is the highest. If you invest Rs 1.5 lakh in this bank’s FD scheme with a tenure of five years, then this amount will grow to Rs 2.19 lakh.

Ujjivan Small Finance Bank

Ujjivan Small Finance Bank and AU Small Finance Bank offer an interest rate of up to 7.20 per cent on tax saving deposits. Among small finance banks, both DCB Bank and Ujjivan Small Finance Bank offer the highest interest rates. If you invest Rs 1.5 lakh in the FD scheme of this bank, it grows to Rs 2.14 lakh in five years.

Deutsche Bank FD Scheme

Private sector bank Deutsche Bank offers 7% interest on FD schemes to its customers. Please tell that Deutsche Bank is not an Indian bank but a foreign bank. This bank offers the highest interest rate in the list of foreign banks operating in India. If you invest Rs 1.5 lakh in this bank, it will grow to Rs 2.12 lakh in five years.

IndusInd Bank

IndusInd Bank, one of the leading private banks in India, is also providing interest benefits of 6.75 per cent to its customers. If you invest Rs 1.5 lakh in this bank, it will grow to Rs 2.10 lakh in five years. At the same time, Suryoday Small Finance Bank is also providing the benefit of interest at the rate of 6.75 percent to its customers. If you invest Rs 1.5 lakh in this bank, it will grow to Rs 2.10 lakh in five years.

The post Best Bank FD Rate Plan: These four Banks are giving the highest interest rate on FD, know what is the interest rate in each bank first appeared on Rightsofemployees.com.

1.83 lakh interest on 5 lakh deposit

According to the FD calculator, if you deposit a lump sum deposit of Rs 5 lakh in SBI for 5 years, then on maturity you will get Rs 6,57,033. In this, interest of Rs 1,57,033 will be earned. On the other hand, if you are a senior citizen, then on an FD of Rs 5 lakh, you will get Rs 6,83,450 on maturity. In this, there will be an income of Rs 1,83,450 from interest.

SBI Wecare Deposit for Senior Citizen

SBI is running SBI Wecare Scheme for Senior Citizens in Retail Term Deposit / Fixed Deposit. In this scheme, in addition to 0.50 percent, 0.30 percent ie 0.80 percent more interest is being offered to all senior citizens on FDs with tenure of 5 years or more. The bank has extended this scheme till 30 September 2022.

Interest rates of banks

Apart from SBI, Punjab National Bank (PNB) is offering 5.25 per cent annual interest to common customers and 5.75 per cent per annum to senior citizens on its 5-year tax saver FDs. At the same time, HDFC Bank is paying 5.45 percent annual interest to the common customer and 5.95 percent to the senior citizens for FDs above 5 years. Apart from this, if we talk about the tax saver FD of ICICI Bank of the private sector, it is paying 5.45 percent annual interest to common customers and 5.95 percent to senior citizens.

Tax saving on FD up to 1.5 lakhs

Fixed Deposit / Term Deposit of banks is considered safe. This is a good option for risk-averse investors. Tax benefit of tax exemption is available in section 80C on 5 years tax saving FD. You can save tax up to Rs 1.5 lakh in banks. It has a lock-in period of 5 years. However, keep in mind that the return on maturity of the tax saving FD is taxable.

The post Income Tax Payer Good News: Income Tax Payer is getting benefit of Rs 3.5 lakh, know details immediately first appeared on Rightsofemployees.com.

1.83 lakh interest on 5 lakh deposit

According to the FD calculator, if you deposit a lump sum deposit of Rs 5 lakh in SBI for 5 years, then on maturity you will get Rs 6,57,033. In this, interest of Rs 1,57,033 will be earned. On the other hand, if you are a senior citizen, then on an FD of Rs 5 lakh, you will get Rs 6,83,450 on maturity. In this, there will be an income of Rs 1,83,450 from interest.

SBI Wecare Deposit for Senior Citizen

SBI is running SBI Wecare Scheme for Senior Citizens in Retail Term Deposit / Fixed Deposit. In this scheme, in addition to 0.50 percent, 0.30 percent ie 0.80 percent more interest is being offered to all senior citizens on FDs with tenure of 5 years or more. The bank has extended this scheme till 30 September 2022.

Interest rates of banks

Apart from SBI, Punjab National Bank (PNB) is offering 5.25 per cent annual interest to common customers and 5.75 per cent per annum to senior citizens on its 5-year tax saver FDs. At the same time, HDFC Bank is paying 5.45 percent annual interest to the common customer and 5.95 percent to the senior citizens for FDs above 5 years. Apart from this, if we talk about the tax saver FD of ICICI Bank of the private sector, it is paying 5.45 percent annual interest to common customers and 5.95 percent to senior citizens.

Tax saving on FD up to 1.5 lakhs

Fixed Deposit / Term Deposit of banks is considered safe. This is a good option for risk-averse investors. Tax benefit of tax exemption is available in section 80C on 5 years tax saving FD. You can save tax up to Rs 1.5 lakh in banks. It has a lock-in period of 5 years. However, keep in mind that the return on maturity of the tax saving FD is taxable.

The post Income Tax Payer Good News: Income Tax Payer is getting benefit of Rs 3.5 lakh, know details immediately first appeared on Rightsofemployees.com.

This scheme is quite popular due to its giving better returns than other small savings schemes and bank FDs. At present, interest is being received at the rate of 7.6 percent per annum in Sukanya Samriddhi Yojana. Till now, in the Sukanya Samriddhi Yojana, the benefit of tax exemption under section 80C of the Income Tax Act was available only on the accounts of two daughters. There was no tax exemption in case of having a third daughter. But now the government has announced tax exemption on the third daughter’s account by changing the rules.

The advantage of the Sukanya Samriddhi Yojana account is that you can invest in it with very little money. You can also open an account by depositing a minimum of Rs 250 annually. In this, up to 1.5 lakh rupees can be deposited in a year. If the minimum deposit amount is not deposited in the year then the account becomes default. Even if the account is not active again, the amount deposited in the account continues to earn interest at the applicable rate till maturity.

Account can be closed even before maturity

According to a media report, under certain circumstances the account of Sukanya Samriddhi Yojana can be closed before maturity. But, there is a condition that the account can be closed only when it has been at least 5 years since it was opened. Under no circumstances can the SSY account be closed before 5 years.

Earlier the rule was that Sukanya Samriddhi Yojana could be closed on the death of the daughter or change of address. Now the government has changed the rules. Now even if the account holder has a serious illness, the account can be closed. The account can be closed before maturity even in the event of the death of the guardian.

The post Sukanya Samriddhi Yojana: Account can be closed even before maturity but this condition has to be fulfilled first appeared on Rightsofemployees.com.

1.83 lakh interest on 5 lakh deposit

According to the FD calculator, if you deposit a lump sum deposit of Rs 5 lakh in SBI for 5 years, then on maturity you will get Rs 6,57,033. In this, interest of Rs 1,57,033 will be earned. On the other hand, if you are a senior citizen, then on an FD of Rs 5 lakh, you will get Rs 6,83,450 on maturity. In this, there will be an income of Rs 1,83,450 from interest.

SBI Wecare Deposit for Senior Citizen

SBI is running SBI Wecare Scheme for Senior Citizens in Retail Term Deposit / Fixed Deposit. In this scheme, in addition to 0.50 percent, 0.30 percent ie 0.80 percent more interest is being offered to all senior citizens on FDs with tenure of 5 years or more. The bank has extended this scheme till 30 September 2022.

Interest rates of banks

Apart from SBI, Punjab National Bank (PNB) is offering 5.25 per cent annual interest to common customers and 5.75 per cent per annum to senior citizens on its 5-year tax saver FDs. At the same time, HDFC Bank is paying 5.45 percent annual interest to the common customer and 5.95 percent to the senior citizens for FDs above 5 years. Apart from this, if we talk about the tax saver FD of ICICI Bank of the private sector, it is paying 5.45 percent annual interest to common customers and 5.95 percent to senior citizens.

Tax saving on FD up to 1.5 lakhs

Fixed Deposit / Term Deposit of banks is considered safe. This is a good option for risk-averse investors. Tax benefit of tax exemption is available in section 80C on 5 years tax saving FD. You can save tax up to Rs 1.5 lakh in banks. It has a lock-in period of 5 years. However, keep in mind that the return on maturity of the tax saving FD is taxable.

The post Income Tax Payer Good News: Income Tax Payer is getting benefit of Rs 3.5 lakh, know details immediately first appeared on Rightsofemployees.com.

1.83 lakh interest on 5 lakh deposit

According to the FD calculator, if you deposit a lump sum deposit of Rs 5 lakh in SBI for 5 years, then on maturity you will get Rs 6,57,033. In this, interest of Rs 1,57,033 will be earned. On the other hand, if you are a senior citizen, then on an FD of Rs 5 lakh, you will get Rs 6,83,450 on maturity. In this, there will be an income of Rs 1,83,450 from interest.

SBI Wecare Deposit for Senior Citizen

SBI is running SBI Wecare Scheme for Senior Citizens in Retail Term Deposit / Fixed Deposit. In this scheme, in addition to 0.50 percent, 0.30 percent ie 0.80 percent more interest is being offered to all senior citizens on FDs with tenure of 5 years or more. The bank has extended this scheme till 30 September 2022.

Interest rates of banks

Apart from SBI, Punjab National Bank (PNB) is offering 5.25 per cent annual interest to common customers and 5.75 per cent per annum to senior citizens on its 5-year tax saver FDs. At the same time, HDFC Bank is paying 5.45 percent annual interest to the common customer and 5.95 percent to the senior citizens for FDs above 5 years. Apart from this, if we talk about the tax saver FD of ICICI Bank of the private sector, it is paying 5.45 percent annual interest to common customers and 5.95 percent to senior citizens.

Tax saving on FD up to 1.5 lakhs

Fixed Deposit / Term Deposit of banks is considered safe. This is a good option for risk-averse investors. Tax benefit of tax exemption is available in section 80C on 5 years tax saving FD. You can save tax up to Rs 1.5 lakh in banks. It has a lock-in period of 5 years. However, keep in mind that the return on maturity of the tax saving FD is taxable.

The post Income Tax Payer Good News: Income Tax Payer is getting benefit of Rs 3.5 lakh, know details immediately first appeared on Rightsofemployees.com.