In these schemes, you get many benefits like government security, better interest and tax deduction on your deposited amount. In such a situation, let us know in which schemes of the post office you get more than 7 percent interest.

Post Office Time Deposit  (Post Office TD)

Any adult Indian person can open his account in this post office scheme. The most important thing about this scheme is that it also provides tax benefits under Section 80-C of the Income Tax Act. On the other hand, if we talk about the annual interest received in this scheme, then if the depositors invest in this scheme for three years, then they will get the benefit of 7% interest rate and if they invest for 5 years, then they will get the benefit of 7.5% interest rate.

Post Office Monthly Income Scheme (Post Office MIS)

Interest is given every month in this post office scheme. That is, in this you will get the benefit of earning every month. Under this scheme, any adult Indian person can open his account. Under the scheme, your account can be opened with a minimum amount of Rs 1000. At the same time, a maximum of Rs 9 lakh can be deposited in this scheme. In this scheme, the account holders get the benefit of interest at the rate of 7.4 per cent per annum.

Post Office PPF

Any Indian can open his account in this post office scheme. At the same time, an account can be opened with a minimum of Rs 500 and a maximum of Rs 1,50,000. In this scheme, the account holders get tax benefit under section 80-C of the Income Tax Act. In this scheme, the benefit of compound interest is available at the rate of 7.1 percent per annum.

National Savings Certificate

Investment in this scheme of post office can be started from at least 1000 rupees. In this scheme also, the benefit of tax deduction is available under Section 80-C of the Income Tax Act. This scheme offers interest at the rate of 7.7% per annum.

Kisan Vikas Patra

This post office scheme has been started especially keeping the farmers in mind. However, anyone can open their account in this. The most special thing about this scheme is that after a while your amount will be doubled. In this scheme, the account holders are being given the benefit of interest rate of 7.5 per cent per annum.

Mahila Samman Savings 

The scheme was announced by Finance Minister Nirmala Sitharaman in her Budget 2023 speech. However, this scheme is valid only for 2 years i.e. till the year 2025. It has been specially started for women. In this scheme, interest is being given to the account holders at the rate of 7.5 percent per annum.

The post Post Office: More than 7% interest is available in these post office schemes, check the complete list first appeared on Rightsofemployees.com.

NPS partial withdrawal

After easing the Corona epidemic, PFRDA issued a new order regarding this, according to which customers of all government sector customers (Central, State and Central Autonomous Bodies) will now have to submit their application for partial withdrawal (NPS Partial Withdrawal) to their nodal officer. Must be deposited with Explain that in January 2021, the pension regulator PFRDA had allowed NPS subscribers to submit online applications for partial withdrawals with the help of self-declaration.

New Bank Locker rules

A new guideline related to bank locker has been issued by the Reserve Bank of India (RBI). The new rules will come into effect from January 1, 2023. Under this, banks will no longer be able to do arbitrariness with customers on the issue of lockers.

According to the new rule, if there is any damage to the goods kept in the bank locker, then the bank will be responsible for it. For this, an agreement will be signed between the bank and the customer, which will be valid till December 31. Banks will have to give all the information to the customers through SMS and other means about the change in the rules related to the locker.

Changes in Credit Card Rules

From January 1, 2023, there is a change in the reward points received on payment through credit card. From the beginning of the new year, HDFC Bank will change the reward points received on payment from its credit card. In such a situation, customers have been advised to pay all the remaining reward points in their credit cards before December 31, 2022. Because from January 1, 2023, under the new rules, the facilities of reward points will be given.

Changes in CNG-PNG Price

With the change in the prices of petrol and diesel from January 1 in the new year, there may also be a change in the prices of CNG and PNG gas used in the kitchen of homes. During the last one year, there has been an increase of more than 70 percent in the prices of CNG in the national capital and its surrounding areas. On the other hand, since August 2021, 10 hikes have been recorded in PNG rates.

GST related rules will change

There will also be important changes in the rules related to GST e-invoicing and electronic bill. The government has reduced the threshold limit for GST e-invoicing from Rs 20 crore to Rs 5 crore. In such a situation, it will now be necessary for traders whose turnover is five crore rupees or more to generate electronic bills.

AADHAAR AND PAN CARD LINK

The IT department has issued an advisory saying that the PAN (Permanent Account Number) which is not linked to Aadhaar by the end of March next year will be deactivated. This change will be applicable from the first date of April instead of January.

The post New Year 2023: From January 1, the rules from kitchen, car to bank locker will change, check the complete list first appeared on Rightsofemployees.com.

As a result, interest rates on fixed deposits have gone up in the last few months. Fixed Deposits (FDs) are often the preferred investment option for senior citizens. All top lenders including State Bank of India (SBI), ICICI Bank, HDFC Bank, Yes Bank, Kotak Mahindra Bank and others offer under 50 basis points (bps) higher interest to senior citizens than general customers.

The Reserve Bank of India (RBI) has increased the repo rate by 225 bps from May 2022. As a result, interest rates on fixed deposits have gone up in the last few months.

The post Senior Citizen Best FD Scheme: Which bank is giving the highest interest to senior citizens, check the complete list first appeared on Rightsofemployees.com.