At present, a post office scheme is proving to be a big hit among investors. This post office scheme is getting strong returns on investment of 5 years. The government has also increased the interest on it for this quarter. Investors are getting 6.5 percent interest in this post office scheme. We are talking here about getting a hefty return on investment for another 2 years in the Post Office Recurring Deposit (RD) scheme of the Post Office.

You will get so many lakhs on the investment of 10 thousand

Let us tell you that according to the post office RD scheme, if an investor invests Rs 10,000 every month in this scheme, then he will get Rs 7,10,000 after 5 years. He will deposit Rs 6 lakh in five years and will get Rs 1 lakh 10 thousand as interest.

Money has to be deposited by this date

If you open RD account in post office between 1st to 15th then you have to invest by 15th of every month. On the other hand, if the account is opened on the 15th, then after the 15th the money will have to be deposited by the end of the month.

The new interest rates have come into effect from July 1.

The new post office interest rates have come into effect from July 1. The benefit of annual interest is available in this scheme. However, it is calculated on a quarterly basis. The government fixes its interest rates at the beginning of every quarter. The post office recurring deposit scheme is for 5 years. It can then be extended for another five years.

The post Post Office Scheme: Rs 10,000 will be given in the post office scheme, you will get 7 lakhs, know how ? first appeared on Rightsofemployees.com.

The court asked EPFO ​​to make such a provision in its portal that employees and pensioners are allowed to opt for higher contribution without giving proof of prior consent.

Justice Ziyad Rehman AA gave interim order to EPFO

Justice Ziyad Rehman AA gave this interim order while hearing the petition of employees and pensioners on Wednesday. The petition claimed that while opting for higher contribution, a copy of prior consent has to be given, which is mandatory under the EPF Scheme, 1952. The petitioners argued that the EPFO ​​never insisted on giving such permission and was accepting higher contributions.

The Supreme Court had fixed May 3 as the last date

They said that they are not able to fill that column in the online form because of this rule and they are not able to submit it without proof of prior consent. If they do not do this before the last date of May 3, then they will not be able to avail the benefits of the scheme. Let us inform that the Supreme Court has given time till May 3 to choose the option of higher contribution.

EPFO gave this argument in its argument

EPFO opposed the plea, arguing that prior consent is a “vital requirement” to avail the benefit. After hearing everyone’s arguments, the High Court said that the petitioners should get interim relief. The court said that if the portal cannot be changed then other options like submission of offline applications should be made available. It said that these facilities should be made available to all employees and pensioners within 10 days from the date of the High Court order of April 12.

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