Now the Finance Ministry has locked in the rates for the new financial year. Specifically, these figures apply to the April-June 2026 quarter. Indeed, the government has kept the returns steady for all ten popular post office schemes. Therefore, your savings in PPF, NSC, and SSY will continue to grow at the same pace. Simple as that.

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

Post Office Interest Rate Chart (April-June 2026)

Now you can plan your yearly investments with total clarity. Actually, the government reviews these rates every three months to match the market. In fact, you can find the full list of current returns in the clean table below.

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Key Highlights for Every Investor

Now the high-yield schemes remain the best pick for long-term growth. Actually, the Sukanya Samriddhi Account and Senior Citizen Scheme still lead the pack at 8.2%.

What You Should Know

First, your PPF account stays at a solid 7.1% with full tax benefits. Next, the Kisan Vikas Patra will double your money in exactly 115 months. Thus, you get a very predictable return on your hard-earned cash. Furthermore, the National Savings Certificate (NSC) remains great for those who want a 5-year lock-in. Overall, these steady rates provide a safe harbor for your family’s future.

Post Office Time Deposits (TD)

Now if you prefer a fixed deposit style, the Time Deposit rates are very competitive. In fact, the returns vary based on how long you keep your money in the account.

The TD Rate Breakup

First, the 1-year deposit offers a 6.9% return. Next, the 2-year and 3-year options provide slightly higher yields. Thus, the 5-year Time Deposit is the top choice at 7.5%. Also, the 5-year TD qualifies for tax deductions under Section 80C. Therefore, it is a smart pick for both growth and tax savings. Period.

Frequently Asked Questions

Q: Can the rates change before June?

Now, no. The rates are fixed for the entire quarter ending June 30, 2026. Thus, your returns stay locked until the next review.

Q: Is there a limit for the Senior Citizen Scheme?

Actually, yes. You can invest a maximum of ₹30 lakhs in this account. Therefore, it is a great way to earn a steady monthly income.

Q: How do I double my money in KVP?

Since the rate is 7.5%, your money doubles in 9 years and 7 months. Thus, it is a “set it and forget it” type of investment.

Q: Can men apply for Mahila Samman?

Actually, no. This specific scheme is only for women and girls. Therefore, it offers a special 7.5% rate to encourage female savings.

The Bottom Line

Now the Post Office rates for April 2026 offer peace of mind in a moving market. While private banks might change their rates, the government stays steady.

Overall, the 8.2% rates remain the most attractive for many families. Therefore, you should continue your deposits to reach your financial goals. Thus, you can build a strong safety net for the years ahead. Meanwhile, keep checking our blog for the next update in July.

Save smart. Invest steady. Period.

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There is hope of change in interest rate after reduction in repo rate

In the year 2025, the Finance Ministry has not made any change in the interest rate of most post office saving schemes so far. However, due to the rapid decline in bond yields and continuous reduction in repo rate by the Reserve Bank of India (RBI), a change in rates is expected this time. RBI has recently reduced the repo rate by 50 basis points to 5.5%. With the reduction in repo rate, the bond yield has also come down.

The effect of reduction in repo rate is also visible on bond yield.

As of 26 June 2025, the yield of 10-year government bond was 6.269%. It was at 6.779% at the beginning of the year. This simply means that it has fallen by 0.510%. It is clear from this that the effect of reduction in repo rate is also visible on bond yield. The decline is important because the interest rates on small savings schemes are indirectly linked to the yield of government bonds. According to data from investing.com, the average yield of 10-year government bond (G-sec) since March 24 till now has been 6.325%.

PPF interest rate may come down

If a ‘spread’ of 25 basis points is added to it, then if the interest rate of PPF is completely changed according to the formula, then it can fall to 6.575%. This is less than the current interest rate of 7.10%. According to this calculation, the interest rate of small saving scheme should be reduced, which will be in accordance with the fall in market rate. However, the final decision on this has to be taken by the government. The government can consider other major economic and political reasons before taking any such step.

Looking at the current situation, it is expected that the interest rate of small savings scheme may be cut for the second quarter (July-September) of the financial year 2025-26. However, the Finance Ministry will announce this on 30 June 2025. RBI has cut the repo rate thrice in the year 2025. Due to this it has come down from 6.5 percent to 5.5 percent. Due to these cuts, banks have reduced interest rates on their fixed deposits (FD).

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If you invest in small savings schemes like Sukanya Samriddhi Yojana and Public Provident Fund (PPF), then this news is for you. The government decided to keep the interest rates on small savings schemes unchanged for the April-June quarter of the financial year 2025-26. This is the fifth consecutive quarter when there has been no change in the interest rate on small savings schemes.

What did the Finance Ministry say

The Finance Ministry said in a notification that the interest rates on different small savings schemes for the quarter starting from April 1, 2025 and ending on June 30, 2025 will remain unchanged from the rates notified for the March quarter of the financial year 2024-25. Let us tell you that the government had last changed the interest rates in some schemes for the fourth quarter of 2023-24. The government issues notification of interest rates on small savings schemes every quarter.

What is the interest rate of which scheme

Deposits under the Sukanya Samriddhi Yojana will fetch an interest rate of 8.2 per cent, while the rate on three-year term deposits will remain at 7.1 per cent in the current quarter. Interest rates on the popular PPF and post office savings deposit schemes have also been retained at 7.1 per cent and four per cent respectively for the next quarter. The interest rate on Kisan Vikas Patra will remain at 7.5 per cent as before and this investment will mature in 115 months. The interest rate on National Savings Certificate (NSC) will remain at 7.7 per cent for the period April-June 2025. The Monthly Income Scheme will earn 7.4 per cent for investors as in the current quarter.

there was a risk of a cut

Let us tell you that the Reserve Bank of India had cut the repo rate by 0.25 percent in the month of February last year. After this cut, the repo rate became 6.25 percent. After the RBI’s decision, there was a fear that the interest rates of small savings schemes would be reduced. However, the government has not made any change for the upcoming quarter.

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1. Payment of advance tax

If your tax liability is more than Rs 10,000 in the financial year 2024-25, then you have to pay the last installment of advance tax by March 15, 2025. If you miss the payment, then you will have to pay interest to the Income Tax Department under section 234C. Apart from this, taxpayers have to pay at least 90% of the tax liability to the Income Tax Department before March 31, 2025. If you do not do this, you will have to pay additional interest to the Income Tax Department under section 234B.

2. Tax-savings for financial year 2024-25

If you are using the old regime of income tax, then you can do tax-saving under Chapter VIA of the Income Tax Act. For this, you will have to make certain specific payments or investments:

(I) Section 80C: You can claim a deduction of up to Rs 1.50 lakh if ​​you invest in investment options under section 80C. ELSS, life insurance policies, ULIP, PPF, Sukanya Samriddhi Yojana, NSC, tax savings FD, etc. come under 80C.

(II) Section 80CCD(1B): The Income Tax Department allows an additional deduction of Rs 50,000 on investment in NPS. This is in addition to the deduction available under Section 80C.

(III) Section 80D: Health insurance protects against sudden financial shock in case of a medical emergency. The Income Tax Department allows a maximum benefit of Rs 1,00,000 on mediclaim. Its limit is as follows:

Self, spouse and dependent children (below 60 years of age): Rs 25,000

Self, spouse and dependent children (above 60 years of age): Rs 50,000

Either or both parents (below 60 years of age): Rs 25,000

Either or both parents (above 60 years of age): Rs 50,000

Apart from the above limit, you can also claim deduction of up to Rs 5,000 paid on health checkup.

3. Submitting Form 12B

If you are a salaried employee and you have changed jobs, then for the correct calculation of TDS of the current employer, you will have to submit the income details from your previous employer in Form 12B. If you do not do this, he may deduct less TDS than the actual. Due to this shortfall in tax deduction, you may have to pay tax to the Income Tax Department while filing income tax return.

4. Minimum deposit in PPF and Sukanya Samriddhi

If you have opened a PPF account and Sukanya Samriddhi Yojana, then it is necessary to make a minimum deposit in both every financial year. You have to make a minimum deposit of Rs 500 in PPF. The minimum deposit in Sukanya Samriddhi Yojana is Rs 250. If you do not deposit the minimum amount, then your account may become inoperative.

5. ITR U for financial year 2020-21, 2021-22, 2022-23, 2023-24

If you have forgotten to file income tax return for the financial year 2020-21 to 2023-24 or you have discovered any mistake due to which you will have to pay tax and want to revise the ITR, then you have the option of filing an updated return in Form ITR U. Through this, you can pay tax on additional income till March 31, 2025. In Budget 2025, the timeline for filing income tax has been increased to four years, which was earlier 2 years.

6. Section-43B(h)-Payments by business enterprises to micro and small enterprises

Section 43B(h) was introduced in the Finance Act 2023. Under this provision, if any payment is due to micro and small enterprises, then it is necessary to pay it within 15 days if there is no written agreement and 45 days if there is a written agreement. Failure to do so will not allow business expenditure allowance during FY2024-25. Business owners will have to reconcile their payments to micro and small enterprises and make timely payments to avoid potential losses. If you are a manufacturer or service provider, you can apply for MSME registration. With this, you can avail the benefit of timely payment from your customers under this section.

If you have not been able to complete any of the work mentioned above, then you will have to complete it by March 31.

7. Tax loss harvesting

If you have made good gains in the financial year 2024-25, then you can do some tax savings. For this, you will have to sell some of your stocks or mutual funds on which you may be incurring some loss. Then you can adjust this loss with your gains. This will reduce your final tax liability. Short term capital losses can be set-off with both short and long term capital gains. But, long term capital gains can be adjusted only with long term capital gains.

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Actually, the central government had issued a directive regarding the National Savings Scheme (NSS) earlier this year. In this, depositors were asked to withdraw their money by 30 September. It was also informed that interest payment will stop from October 1, 2024. That is, people will no longer get interest under the NSS scheme.

According to the guidelines issued by the government, depositors who had invested in the National Savings Scheme (NSS) more than 37 years ago with the intention of securing their financial future and future generations have been advised to withdraw
their entire amount by September 30, 2024. Because the payment of interest on their deposited funds will be stopped. Customers have also been asked to update KYC information.

NSS scheme is different from NSC

Investors should not get confused with the small savings scheme National Savings Certificate (NSC). National Savings Scheme (NSS) is a completely different scheme, which was closed for new investment in 1992, so that no one could invest under this scheme after 1992. However, the government was giving compound interest under this scheme and now this interest has also been stopped from 1 October 2024. For the period from March 2003 to 30 September 2024, the NSS interest rate was 7.5% per annum. Let us tell you that no change has been made in NSC. In such a situation, people investing here do not need to panic.

When was the scheme started?

The National Savings Scheme (NSS) was started in 1987 and continued till 1992, after which it was temporarily reopened the same year. However, it was finally closed in 2002. Despite its closure, the government continued to pay interest on existing deposits. During the scheme, many depositors chose to withdraw their investments, close their accounts and declare the amount as part of their taxable income. At the same time, some investors chose to keep their funds in active accounts, which are still running today.

Under the NSS, depositors had the opportunity to invest up to ₹40,000 annually, with the amount invested being eligible for tax deduction under Section 80C of the Income Tax Act, 1961. After a lock-in period of four years, depositors were allowed to withdraw both their principal deposit amount and the interest earned. Earlier, the scheme offered 11 per cent interest, which was later reduced to 7.5 per cent per annum.

Accounts before October 2024

If you have contributed to your NSS account before October 1, 2024, you will get interest at the rate of 7.5% per annum till the end of September 2024.

Accounts after October 2024

No interest will be paid for any new deposits or accounts opened after October 1, 2024. This information may influence your decision as to whether you should continue investing in NSS or explore other savings and investment options.

Tax rules

As per official rules, funds withdrawn from the NSS are subject to tax in the year they are withdrawn. However, if the depositor does not wish to withdraw the funds, the interest earned will remain tax-free as long as it remains in the account. If the depositor dies and his heirs withdraw the funds, the entire amount will be considered tax-free.

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In this way, the government has not changed the interest rates for three quarters. The last time the rates of some schemes were changed was for the fourth quarter of the financial year 2023-24.

The government has not changed the interest rates on small savings schemes including Sukanya Samriddhi and PPF. This decision has been taken for the third quarter of the financial year 2024-25. The government announced this on Monday. He said that there will be no change in the interest rates of PPF and other small savings schemes. That is, the interest on these schemes will continue to be the same as before. This is the third consecutive quarter when the government has not changed the interest rates. Earlier, the interest rates of some schemes were changed in the fourth quarter of the financial year 2023-24.

The Finance Ministry said in a notification, ‘The interest rates on various small savings schemes for the third quarter of the financial year 2024-25 (from October 1 to December 31, 2024) will remain the same as the rates notified for the second quarter (from July 1 to September 30, 2024).’

You will get 8.2% interest on Sukanya Samriddhi

According to the notification, the interest rate on deposits under Sukanya Samriddhi Yojana will remain at 8.2 percent as before. While the interest rate on three-year fixed deposits will remain at 7.1 percent. Apart from this, interest rates for PPF and Post Office Savings Deposit Scheme will also remain at 7.1 percent and 4 percent.

There was no change in the rates of these schemes

The interest rate on Kisan Vikas Patra will be 7.5 percent. This investment will mature in 115 months. At the same time, the interest rate on National Savings Certificate (NSC) will be 7.7 percent. In the October-December quarter also, investors of Post Office Monthly Income Scheme will get interest at the rate of 7.4 percent as before. The government notifies the interest rates every quarter for these small savings schemes operated by post offices and banks.

There was already a fear that there would be no change in interest rates

Experts had already predicted that the government is not in a mood to increase rates in the October-December quarter. This was because the interest rates of these schemes are linked to the 10-year government bond yield. The average yield of these bonds between June and August has been 6.93%.

Actually, the interest rates of small savings schemes are decided every three months on the basis of the average government bond yield of the previous three months. In 2016, the Finance Ministry had released a formula, according to which the interest rate of PPF is 0.25% higher than the 10-year government bond yield.

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Post Office RD

Post Office RD is like a piggy bank. In this, a fixed amount has to be deposited every month for 5 consecutive years. On maturity, the amount is returned along with interest. At present, interest is being given on it at the rate of 6.7%. Any person can start investing in this scheme with even Rs 100.

Post Office Time Deposit

The fixed deposit scheme run in post office is called Post Office Time Deposit. In this, lump sum amount can be deposited for 1, 2, 3 and 5 years. The interest rate varies according to the tenure. Interest is available at 6.9% for one year, 7% for two years, 7.1% for three years and 7.5% for 5 years. A minimum deposit of Rs 1000 can also be made in this.

Post Office MIS

Investment in Post Office MIS can also be started with a minimum of Rs 1000. The maximum investment is Rs 9 lakh in single account and Rs 15 lakh in joint account. In this scheme which earns money through interest every month, interest is given at the rate of 7.4%. Your money is deposited for 5 years and after that the original amount is returned.

PPF

Public Provident Fund is a scheme which has to be run for 15 years. A minimum investment of Rs 500 can be made annually and the maximum investment is Rs 1.5 lakh annually. In this scheme, interest is given at the rate of 7.1%.

Senior Citizen Savings Scheme

Senior Citizen Savings Scheme is also a one time deposit scheme. Investment in this scheme can be started with a minimum of Rs 1000. Maximum investment can be made up to Rs 30 lakh. The government gives interest at the rate of 8.2% on this 5-year deposit scheme being run for senior citizens. This scheme is very good for retired people.

NSC

Any Indian citizen can start investing in National Savings Certificate with just Rs 1000. There is no limit on maximum investment. At present, interest is being given on this scheme at the rate of 7.7%. In this scheme also, you can take advantage of better interest rates by depositing the amount for 5 years.

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Post Office RD is like a piggy bank. In this, a fixed amount has to be deposited every month for 5 consecutive years. On maturity, the amount is returned along with interest. At present, interest is being given on it at the rate of 6.7%. Any person can start investing in this scheme with even Rs 100.

Post Office Time Deposit

The fixed deposit scheme run in post office is called Post Office Time Deposit. In this, lump sum amount can be deposited for 1, 2, 3 and 5 years. The interest rate varies according to the tenure. Interest is available at 6.9% for 1 year, 7% for 2 years, 7.1% for 3 years and 7.5% for 5 years. A minimum deposit of Rs 1000 can also be made in this.

Post Office MIS

Investment in Post Office MIS can also be started with a minimum of Rs 1000. The maximum investment is Rs 9 lakh in single account and Rs 15 lakh in joint account. In this scheme which earns money through interest every month, interest is given at the rate of 7.4%. Your money is deposited for 5 years and after that the original amount is returned.

PPF

Public Provident Fund is a scheme which has to be run for 15 years. A minimum investment of Rs 500 can be made annually and the maximum investment is Rs 1.5 lakh annually. In this scheme, interest is given at the rate of 7.1%.

Senior Citizen Savings Scheme

Senior Citizen Savings Scheme is also a one time deposit scheme. Investment in this scheme can be started with a minimum of Rs 1000. Maximum investment can be made up to Rs 30 lakh. The government gives interest at the rate of 8.2% on this 5-year deposit scheme being run for senior citizens. This scheme is very good for retired people.

NSC

Any Indian citizen can start investing in National Savings Certificate with just Rs 1000. There is no limit on maximum investment. At present, interest is being given on this scheme at the rate of 7.7%. In this scheme also, you can take advantage of better interest rates by depositing the amount for 5 years.

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You can start investing from Rs 1000

Investment in NSC can be started from a minimum of Rs 1000 and no limit has been set for maximum investment. That means you can invest any maximum amount in it. Any citizen can open an account in this. There is also the facility of joint account. Two to three people can open a joint account. Parents or guardians can invest in the name of the minor, while children up to 10 years of age can buy NSC in their name. You can also open multiple NSC accounts simultaneously.

The scheme matures after 5 years

One advantage of NSC is that you do not have to deposit money for a very long time. This scheme matures in just 5 years. Interest is compounded on annual basis and guaranteed returns are available. The interest rate for 5 years is calculated according to the interest rate applicable at the time of your investment. Even if the interest rate changes in the meantime, it does not affect your account. Tax exemption is available on the deposited amount under Section 80C, that is, tax exemption can be availed on deposits up to Rs 1.50 lakh every year.

No partial withdrawal facility

Unlike other schemes, there cannot be any partial withdrawal in this. Meaning, you will get the entire amount at once only after 5 years. At the same time, premature closure can also be done only in special situations like-

• On the death of any or all the account holders in a single account or joint account
• On seizure by the mortgagee being a Gazetted Officer.
• On the orders of the court.

How much will you get if you deposit 10 lakhs

If you invest Rs 10 lakh for National Savings Certificate, then at the interest rate of 7.7, you will get Rs 4,49,034 only as interest, which is approximately Rs 4.5 lakh. In such a situation, after 5 years you will get the total amount of Rs 14,49,034. If you also want to invest in this scheme, then you can avail its benefits in any post office of the country.

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Currently, investments up to Rs 1.5 lakh per annum in various tax saving schemes, home loans and life insurance policies are eligible for deduction under Section 80C. Savings schemes eligible for deduction under section 80C include PPF, EPF, NSC, NPS, SCSS, FDs for five years in banks and post offices, ELSS and mutual funds etc.

Taxpayers have been demanding to increase the section 80C limit for many years. Even many groups had demanded to increase it to 3 lakhs, in which ICAI, in its pre-budget 2023 recommendations, had demanded the government to increase the limit under section 80C from Rs 1.5 lakh to Rs 3 lakh.

Will the government increase the limit

The Central Government has so far decided not to increase the limit under section 80C. This information has been given in the statement issued by the Ministry of Finance. At the same time, a new tax regime has been introduced without Section 80C deduction with lower rates by not increasing the limit. State Finance Minister Pankaj Chowdhary said in the Lok Sabha on July 31 that it has been the declared policy of the government to simplify the Income Tax Act, 1961 by reducing the rates of taxes. In such a situation, there is no proposal to increase the exemption under Section 80C of the Income Tax Act under consideration.

Increased interest of these schemes

Minister of State for Finance Pankaj Chowdhary said that in the second quarter (July to September) of the financial year 2023-24, the rate of interest on National Savings Fixed Deposit Scheme (1 year and 2 years) and National Savings Recurring Deposit will be increased by 10 bps and 30 bps respectively. has been increased. Chaudhary also said that the net collection under small savings for the first quarter of the financial year 2023-24 was Rs 74,937 crore.

The post Section 80C Limit: New update regarding increasing the limit of Section 80C of the Income Tax Department first appeared on Rightsofemployees.com.

Currently, investments up to Rs 1.5 lakh per annum in various tax saving schemes, home loans and life insurance policies are eligible for deduction under Section 80C. Savings schemes eligible for deduction under section 80C include PPF, EPF, NSC, NPS, SCSS, FDs for five years in banks and post offices, ELSS and mutual funds etc.

Taxpayers have been demanding to increase the section 80C limit for many years. Even many groups had demanded to increase it to 3 lakhs, in which ICAI, in its pre-budget 2023 recommendations, had demanded the government to increase the limit under section 80C from Rs 1.5 lakh to Rs 3 lakh.

Will the government increase the limit

The Central Government has so far decided not to increase the limit under section 80C. This information has been given in the statement issued by the Ministry of Finance. At the same time, a new tax regime has been introduced without Section 80C deduction with lower rates by not increasing the limit. State Finance Minister Pankaj Chowdhary said in the Lok Sabha on July 31 that it has been the declared policy of the government to simplify the Income Tax Act, 1961 by reducing the rates of taxes. In such a situation, there is no proposal to increase the exemption under Section 80C of the Income Tax Act under consideration.

Increased interest of these schemes

Minister of State for Finance Pankaj Chowdhary said that in the second quarter (July to September) of the financial year 2023-24, the rate of interest on National Savings Fixed Deposit Scheme (1 year and 2 years) and National Savings Recurring Deposit will be increased by 10 bps and 30 bps respectively. has been increased. Chaudhary also said that the net collection under small savings for the first quarter of the financial year 2023-24 was Rs 74,937 crore.

The post Section 80C Limit: Big News! New update regarding increasing the limit of Section 80C of the Income Tax Department first appeared on Rightsofemployees.com.

Currently, investments up to Rs 1.5 lakh per annum in various tax saving schemes, home loans and life insurance policies are eligible for deduction under Section 80C. Savings schemes eligible for deduction under section 80C include PPF, EPF, NSC, NPS, SCSS, FDs for five years in banks and post offices, ELSS and mutual funds etc.

Taxpayers have been demanding to increase the section 80C limit for many years. Even many groups had demanded to increase it to 3 lakhs, in which ICAI, in its pre-budget 2023 recommendations, had demanded the government to increase the limit under section 80C from Rs 1.5 lakh to Rs 3 lakh.

Will the government increase the limit

The Central Government has so far decided not to increase the limit under section 80C. This information has been given in the statement issued by the Ministry of Finance. At the same time, a new tax regime has been introduced without Section 80C deduction with lower rates by not increasing the limit. State Finance Minister Pankaj Chowdhary said in the Lok Sabha on July 31 that it has been the declared policy of the government to simplify the Income Tax Act, 1961 by reducing the rates of taxes. In such a situation, there is no proposal to increase the exemption under Section 80C of the Income Tax Act under consideration.

Increased interest of these schemes

Minister of State for Finance Pankaj Chowdhary said that in the second quarter (July to September) of the financial year 2023-24, the rate of interest on National Savings Fixed Deposit Scheme (1 year and 2 years) and National Savings Recurring Deposit will be increased by 10 bps and 30 bps respectively. has been increased. Chaudhary also said that the net collection under small savings for the first quarter of the financial year 2023-24 was Rs 74,937 crore.

The post Section 80C Limit: New update regarding increasing the limit of Section 80C of the Income Tax Department first appeared on Rightsofemployees.com.

If you do not do this in case of loss or theft of this certificate, then you will not be able to withdraw the money deposited in it. National Savings Certificates (NSC) are a savings bond issued by the Government of India and are generally used for long term savings and income tax savings. NSC is offered by India Post and it is available to invest in all the branches of the post office.

Explain that on enrollment under NSC, a certificate is given to the customer, which contains all the information about the investment as well as other related information. When the scheme reaches maturity, this certificate is considered an important document which is presented to receive the amount. Certificates in physical form can be lost, stolen or destroyed. In such a situation, the income of the investor can be stopped at maturity.

If your National Savings Certificate is lost or stolen for any reason. So you can request for a duplicate certificate by submitting an application along with the required documents. The required form on which the investor can request for issue of duplicate certificate is Form NC 29. Form NC-29 shall be filled for each case of issue of duplicate certificate passbook and case shall be filed along with personal indemnity bond.

Certificate details

• Certificate Issuer Name
• serial number of certificates
• issue date
• denomination
• name of issuing office
• Type (Single/Joint-A/Joint-B)
• registration number.

While it may be in your interest to file an FIR with the police in case of loss of the National Savings Certificate, it should not be made a pre-condition for the Post Office to issue a duplicate certificate.

How to apply for duplicate NSC

1. First of all fill and submit the application in the branch of your nearest post office. Your application will be transferred to the base branch by your nearest branch only if it is not the branch where the original certificate was issued.
2. The application should contain the details of the NSC such as amount, account number and date of issue, and the reason for the duplicate NSC.
3. Your application will be processed by the officer in charge of the post office. You will also have to submit an indemnity bond along with one or more sureties or bank guarantees.
4. In case the certificate is mutilated or damaged, indemnity bond is not necessary.
5. A fee has to be paid for re-issuance of NSC in passbook form.

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The government has increased the interest rates on deposits in these schemes by 0.1-0.7 percent. Small savings schemes that give tremendous returns of the post office include National Savings Certificate (NSC), Post Office Time Deposit Scheme, Sukanya Samriddhi Yojana, Kisan Vikas Patra, Recurring Deposit and Senior Citizens Savings Scheme.

The increase in interest rates means that now your money will double triple faster than before. Here we know on the basis of increased interest rates on three schemes KVP, NSC and SCSS, where your money will double first.

Post Office schemes: where and how much interest increased

According to the information available on the post office website, the maximum interest rate on NSC has increased by 0.7 percent. From April 1, it will get 7.7 percent interest, which was earlier 7 percent. The interest rate on Senior Citizen Savings Scheme has increased from 8 percent to 8.2 percent and on Kisan Vikas Patra from 7.2 percent to 7.5 percent.

Kisan Vikas Patra (KVP)

Interest rate: 7.5% per annum
72/7.50 = 9.6 years or 115 months
According to Rule 72, your investment here will double in 115 months.

Senior Citizens Saving Scheme (SCSS)

Annual interest: 8.20%
72/8.20 = 8.8 years or approximately 106 months
According to Rule 72, your investment here will double in 106 months.

Post Office NSC

Annual interest: 7.70%
72/7.7 = 9.35 years or 112 months
According to Rule of 72, your investment here will double in 112 months.

Know the Rule of 72?

You can use the Rule of 72 formula to find out the time in which money will double in a scheme. Experts consider it an accurate formula. Understand it in such a way that suppose you have invested in a scheme, in which you get 6% interest annually. In this case, under Rule 72, you have to divide 6 in 72. 72/6 = 12 years, that is, under this scheme your money will double in 12 years.

The post Post Office Top Schemes: KVP, NSC or SCSS after increased interest rates, where will the money double soon? first appeared on Rightsofemployees.com.

If yes, then you must ensure that you have submitted your Aadhaar number to the post office or your bank branch by 30 September 2023. Because, this is the deadline for submitting the Aadhaar number. So don’t wait for the deadline to end, deposit your Aadhaar now and get rid of the worry of freezing your savings account.

The Finance Ministry has made Aadhaar mandatory for investing in small savings schemes. The order to link the Aadhaar number with the existing small savings scheme has been issued on March 31, 2023. According to the ministry, if the depositor has already opened an account and has not submitted his Aadhaar number to the Accounts Office, he shall submit the Aadhaar within a period of six months with effect from April 1, 2023. The period of six months will end on 30 September 2023. Investors can also submit PAN along with Aadhaar.

According to the instructions of the Ministry, if the Aadhaar number is not submitted in the post office or bank branch within six months i.e. by 30 September 2023, then the small savings investment will be frozen. In such a situation, the investor may have to face many problems like-

• The amount of interest payable will not be credited to the bank account of the investor.
• A person will not be able to deposit money in his PPF or Sukanya Samriddhi accounts.
• The maturity amount will not be credited to the bank account of the investor.

Interest rates increased on post office savings scheme

The central government has increased the interest rates on all small savings schemes from April 1, 2023, except savings deposits and PPF. This will greatly benefit the small savings customers of the post office and will increase the attraction of girls, women, farmers to invest more in these schemes through post offices, especially in rural areas, which will give them a way to a better future.

The post PPF, NSC Account Holders: Big news! Your PPF, NSC, Post Office savings account is about to freeze, do this work quickly first appeared on Rightsofemployees.com.

.Is. The interest rate of these savings schemes has been increased by 10 to 70 basis points. However, there has been no change in the interest rates of PPF. The interest rate of Sukanya Samriddhi Yojana has been increased from 7.6 percent to 8 percent. The interest on Monthly Income Account has now increased from 7.1 per cent to 7.4 per cent and on Kisan Vikas Patra from 7.2 per cent to 7.5 per cent.

Those investing in Senior Citizen Savings Schemes will now get 8.2 per cent interest instead of 8 per cent.

Interest rates on time deposits also increased

The government has also increased the interest rates on time deposits of one, two, three and five years. Now one year time deposits will get 6.8 percent interest. Till now 6.6 percent interest was being received. 6.9 percent interest will be available on two-year time deposits. Earlier this rate interest rate was 6.8 percent.

Similarly, the interest on three-year time deposits has been increased from 6.9 per cent to 7.0 per cent. Investors will now get 7.5 per cent interest instead of 7 per cent on 5-year time deposits.

The post Good news! Government has increased the interest rates of SSY, KVP, NSC and PPF schemes, check new rate first appeared on Rightsofemployees.com.

Through this service, customers can get interest on investment, block ATM card, issue new cards and get information about PPF, NSC etc. This service will help lakhs of people in rural areas of the country. They will be able to easily get the necessary information through their mobile number.

Issued toll free number

India Post has also issued a toll free number to avail this service. Now from here you can get detailed information about PPF, NSC, Sukanya Samriddhi or other schemes through IVR. For this, the customer has to call India Post’s toll free number 18002666868 from his registered mobile number.

Savings account holders can also use

Customers having savings account with the post office department can also avail the IVR service. In this they will get all the options. Customers will get information in both Hindi and English languages. From here customers will get account balance information. For this, they have to press the number five. You have to press 6 to block the card. After this you have to enter the card number. After this the account number has to be given.

Can also be used for ATM

3 is to be pressed for ATM information. For new ATM you have to press 2. To change the PIN of the card, you have to press. Hash (#) to repeat options and star for previous menu. For more information on poster saving products you must press 4.

What is IVR service?

Interactive voice response is a telephone system with voice commands. Through this, customers interact. It is used in banks and many other customer service. In this, the answers to the questions of the customers are available on the phone itself and there is no need to go to the branch.

The post Post Office Start New Service: Post office started new service for PPF, NSC, SSY and other post office schemes, see new service benefits first appeared on Rightsofemployees.com.

Guidelines have been issued. The post office has talked about the benefits of the customers under this guideline. It has been said by the postal department that many post offices are not settling the death claims on time. Also, they are not following the necessary rules for death claim. In such a situation, the postal department has directed to settle the death claim immediately and said that any such case should be settled within the time limit.

These instructions have to be followed for death claim 

The department said that the post office will have to ensure settlement of deceased claim cases within the prescribed time limit. In the information issued by the Department of Posts on January 9, 2023, it has been said that it is necessary to follow certain rules for timely disposal of death claim cases.

• KYC documents should be there during the death claim and it is necessary to get it verified in the post office.
• Signatures of witnesses are also required on the copy of KYC documents. If the signature is not there, then the witness will have to go to the post office.
• It is also necessary to provide the claimant’s signature, bank account and other documents.
• It is mandatory to provide all the documents sought to settle the death claim, otherwise the money may stop.
• Death claim can be made in just one day in case of nominee and within seven days in other case.

Legal documents to be given 

If the amount issued under any scheme is more than five lakh rupees and there is no nomination or nomination in that account, then it is necessary to give legal documents issued by the court. However, if the amount is five lakh rupees, then there is no need to provide any legal document for the death claim.

The post Post Office issued new guidelines for the beneficiaries of PPF, NSC and Sukanya Samriddhi, check new guideline immediately first appeared on Rightsofemployees.com.

The government can adopt some different methods to provide relief to the middle class people from inflation. For this, experts are also expressing the hope that these 5 announcements will be made in the budget. Maximum income tax comes from the salaried class only. In such a situation, even if the Finance Minister announces an increase in the tax limit, it will not be surprising. Apart from this, the standard deduction is also expected to increase.

Tax limit will increase

Inflation is increasing day by day. In such a situation, the cost of living is also increasing. In such a situation, the government can give income tax exemption of five lakh rupees to income tax payers under the new tax system. At present, 5% tax has to be paid on income of Rs 2.5 to Rs 5 lakh and 20% tax on income of Rs 5 to 7.5 lakh.

Standard deduction will change

The salaried class can avail exemption of Rs 50,000 under standard deduction every year. It is believed that the government can make changes in section 16 (ia) of income tax. It is expected that the limit of this standard deduction can be increased from Rs 50,000 to Rs 75,000.

Exemption will be available in 80C

Under Section 80C of the Income Tax Act, taxpayers can get tax exemption by investing an amount of Rs 1.5 lakh. Taxpayers have been demanding to increase this limit for a long time. If the government takes a decision on this matter in this budget, then taxpayers are going to get a big relief. This investment can be done in EPF, PPF, ELSS, NSC, NPS, Bank FD.

Invest for retirement

Employed people always invest in retirement plans. In such a situation, the government can increase the limit of tax exemption in this also. Experts are of the opinion that the government can increase this limit to one lakh rupees under section 80CCD (1B) of the Income Tax Act.

Health Insurance

At present, there is a rebate of Rs 25 thousand under the health insurance claim. It is expected that in this budget the government will increase it to 50 thousand rupees and for the elderly it can be increased from 50 thousand to 75 thousand rupees.

The post Standard Deduction Increase: Government will benefit the salaried class in these 5 ways, standard deduction will increase! first appeared on Rightsofemployees.com.

Finance Minister Nirmala Sitharaman has shared many ways to save tax, through which you can save lakhs of rupees. Let us tell you how you can save tax up to Rs 8 lakh.

Apart from this, you will also get the benefit of exemption on home loan under section 24 (b) of the Income Tax Act . In this, you will get the benefit of exemption only on the interest paid on your behalf. You can claim tax exemption on interest up to Rs 2 lakh in this

Discount will be available on auto loan If you buy any electric vehicle under section 80EEB of the Income Tax Act and you have taken this vehicle on loan, then you will get a discount of up to Rs 1.5 lakh on it.

Exemption will be available in section 80C.

You can take advantage of the exemption of up to Rs 1.5 lakh under section 80C. Through this, you can claim exemption by investing money in many schemes including LIC policy, PPF, EPF, NSC.

Apart from all these, you will also get the benefit of exemption under 80C on the principal amount of the home loan. You cannot get more than Rs 1.5 lakh discount in this. Even if you have claimed any deduction earlier under 80C, you will get the maximum benefit of only 1.5 lakh.

You will get exemption from health insurance You can also save tax through health insurance. You can claim premium under section 80D. You get a discount of up to Rs 25,000 in this. If you have got your parents’ health insurance done, then you will get a full tax exemption of Rs 50,000.

The post Income Tax: Good news! Now save tax up to Rs 8 lakh, Finance Minister has shared many ways to save tax first appeared on Rightsofemployees.com.

It has been said by the postal department that many post offices are not settling the death claims on time. Also, they are not following the necessary rules for death claim. In such a situation, the postal department has directed to settle the death claim immediately and said that any such case should be settled within the time limit.

These instructions have to be followed for death claim 

The department said that the post office will have to ensure settlement of deceased claim cases within the prescribed time limit. In the information issued by the Department of Posts on January 9, 2023, it has been said that it is necessary to follow certain rules for timely disposal of death claim cases. 

• KYC documents should be there during the death claim and it is necessary to get it verified in the post office.
• Signatures of witnesses are also required on the copy of KYC documents. If the signature is not there, then the witness will have to go to the post office.
• It is also necessary to provide the claimant’s signature, bank account and other documents.
• It is mandatory to provide all the documents sought to settle the death claim, otherwise the money may stop.
• Death claim can be made in just one day in case of nominee and within seven days in other case. 

Legal documents to be given 

If the amount issued under any scheme is more than five lakh rupees and there is no nomination or nomination in that account, then it is necessary to give legal documents issued by the court. However, if the amount is five lakh rupees, then there is no need to provide any legal document for the death claim. 

The post Post Office Department Issued New guidelines for the beneficiaries of PPF, NSC and Sukanya Samriddhi first appeared on Rightsofemployees.com.

The specialty of this small savings schemes is that lump sum investment has to be made in it and there is no maximum limit. As much as the investor wants, he can deposit money in this government scheme. There is also a facility to open multiple accounts in NSC. Also, tax deduction up to Rs 1.5 lakh can be availed under section 80C of income tax on deposits.

If you deposit ₹ 5 lakh, you will get ₹ 6.95 lakh

The Post Office’s National Savings Certificate (NSC) scheme is currently earning interest at the rate of 6.8 per cent per annum. According to the NSC Calculator, if a lump sum amount of Rs 5 lakh is deposited in this scheme, then a total of Rs 6,94,746 will be received on maturity after 5 years.

In this, there will be a guaranteed income of Rs 1,94,746 from interest. The compounding of interest is done on an annual basis but it is paid only on maturity. The maturity of this scheme is 5 years. Investment in National Savings Certificate (NSC) can be done from any post office where the facility of opening savings account is available.

Account can be opened with ₹ 1,000

NSC account opens with a minimum of Rs 1000. At the same time, the maximum limit of investment in this is not fixed. You can deposit in the scheme in multiples of Rs.100. Investment in this is completely safe. Market risk has no effect on it. NSC account can be opened in any post office branch across the country. Any adult can open an account. In this, apart from joint account, parents or legal guardian of children above 10 years of age can buy certificate.

Can’t withdraw in NSC before 5 years. There is an exemption only in certain circumstances. The government revises the interest received on the Small Savings Scheme after 3 months. NSC is accepted by all banks and NBFCs as collateral or security for loans. The investor can nominate any member of his family as a nominee.

The post Post Office’s Dhansu scheme, depositing ₹ 5 lakh will get ₹ 6.95 lakh; Also ₹ 1.5 lakh tax deduction, details first appeared on Rightsofemployees.com.

If you are looking for a safe option to invest your hard earned money, then the Post Office Savings Scheme can prove to be perfect for you. Post Office is trusted by the whole of India for many years and being backed by the government, its savings schemes are absolutely risk free.

You can invest in the National Savings Certificate Scheme of the Post Office. This is a great small savings scheme. You can start it at any post office in the country. Its maturity period is 5 years. Today we will tell you about this scheme in detail so that you can make it easier to decide about the investment of money.

Scheme Details On investment in National Savings Certificate (NSC), you get an interest of 6.8 per cent per annum. This is more interest than FDs of most banks. You can start investing in it with Rs 1,000. Also, there is no limit on the maximum investment in NSC i.e. you can invest as much money as you want and you will get more interest on it than FD.

Along with this, you will also get tax exemption under the Income Tax Act on investments up to Rs 1.5 lakh. In NSC, you can buy certificates of Rs 100, 500, 1000, 5000, 10,000 or more. An adult can also take this certificate for his child.

How much return will you get

If you invest Rs 10 lakh in NSC and you get 6.8 per cent return every year during the lock-in period of 5 years, then with compounding this amount will become Rs 14 lakh.

Who is eligible for investment You must be at least 10 years of age to invest in National Savings Certificate. However, the control over this account will remain with the guardian of the child. This account will be converted into a Vyks account when the child attains the age of 18 years. Indian citizens of 18 years or more can invest in this by themselves. In this you also get the facility to open a joint account. You can open a joint account of NSC with only 2 not 3 people.

The post Post Office Scheme: This savings scheme is getting more returns than FD, tax exemption will also be available first appeared on Rightsofemployees.com.

The change will be applicable from October 1, 2022, to reduce the inflation level, the repo rate was increased by the RBI last days. Due to the increase in the interest rate by banks, it is expected to get more interest on savings schemes in the September quarter. The changes made in the interest rate will be implemented from 1 October 2022. RBI has increased the repo rate by 1.40 percent in three times.

The review of the interest rate will be done on this day , only 10 days are left in the review of the interest rate. The interest on small savings schemes will be reviewed on 30 September. This review is to be held for the quarter October to December 2022. According to sources, it is expected that the interest rate can be increased by 60 to 70 basis points. There has been no change in the interest rate on the Small Savings Scheme for a long time.

Why will the interest rate change?

RBI has increased the repo rate thrice since May. At present it is running at 5.4%. The repo rate is expected to increase once again. In the last week of September or the first week of October, the repo rate can be increased again by 25 to 35 basis points. But the government has not made any change in the interest on savings schemes. In such a situation, it is expected that this time the government will increase the interest on small savings schemes.

Savings scheme is reviewed every three months The interest on small savings schemes is reviewed every three months by the government. During this review, a decision is taken whether to increase, decrease or keep the interest rate constant. The Finance Ministry takes a decision on increasing or decreasing these interest rates.

The highest interest is currently available on Sukanya Samriddhi at the rate of 7.1 percent per annum on PPF. Apart from this, 7.6% annual return is given to those who invest in Sukanya Samriddhi Yojana (SSY). If we talk about National Savings Recurring Deposits Account, then it gives a return of 5.8%. The rate of interest on Kisan Vikas Patra is 6.9 percent.

The post Government to increase PPF, Sukanya Samriddhi Yojana NSC and Kisan Vikas Patra interest rate, check details first appeared on Rightsofemployees.com.

National Savings Certificate

If you want to invest at zero risk then you should invest in post office. If you want to invest in a safe and government scheme, then you can invest in the National Savings Certificate. This is a safe investment because it is part of the small savings scheme of the post office and the Prime Minister of the country himself invests in it.

How to invest?

The National Savings Certificate has a minimum lock-in period of five years. This means that you will be able to withdraw it only after five years of investment. There are three ways one can invest in NSC.

Single Type- In this type you can invest for yourself or for a minor.
Joint A Type- This type of certificate can be taken by any two people together i.e. two people can invest together
Joint B Type- It is invested by two people but only one investor can invest money on maturity. are given to.

How much can you invest?

This post office scheme currently has an interest rate of 6.8%. You can invest a minimum of Rs 1,000 in this scheme and invest money in multiples of 100. However, there is no maximum limit for investment in this.

Income tax exemption

If you also invest in NSC, then you will also get tax exemption by investing up to Rs 1.5 lakh every year under Section 80C of Income Tax. In case of taxable income, the amount is deducted from the total income.

The post Post Office Scheme: Tremendous Scheme of Post Office! PM Modi has also invested in it, take advantage immediately first appeared on Rightsofemployees.com.

Big decision can be taken after 5 days

In this episode, the interest rates on these schemes can be increased by the Finance Ministry in the month of September this year. It is being told that interest rates can increase from 0.50 to 0.75 percent.

It is to be known that even after the decision of increasing the repo rate twice earlier, RBI did not make any change in the interest rates in the month of June. Now after reviewing the interest rates in the third quarter of this financial year, the interest rates of savings schemes can be changed. It is expected that this decision can be taken on 30 September 2022.

FD interest rises after repo rate hike

After the increase in the repo rate by the Reserve Bank of India, banks have increased the interest on deposits. After which it is now being said that the interest on government savings schemes can also be increased. Currently, 7.1% annual interest rate is being given on PPF. At the same time, the interest rate available on NSC is 6.8 percent. On the other hand, if we talk about Sukanya Samriddhi Yojana, at present 7.6 percent interest rate is being given on it, which is likely to increase further.

The post PPF Interest Rate Increased! Good News: Now interest rates are going to increase in PPF, know here complete details first appeared on Rightsofemployees.com.

Shriram Transport Finance Company Limited, which is a part of Shriram Group. has announced an increase of 25 to 50 basis points (0.25% p.a. to 0.50% p.a.) in its corporate fixed deposit rates across various tenors. STFC said in a statement that customers can earn up to 8.25% interest on fixed deposits with effect from August 10, 2022. This 8.25% interest is applicable on FDs of 60 months.

STFC is offering 8% and 8.15% interest rates for FDs up to 3 years and 4 years respectively. The revised interest rate for one year FD is 6.75% and for two year fixed deposit it is 7.25%.

STFC offers an additional interest of 0.5% per annum to senior citizen depositors. That is, senior citizens can get 8.75% interest on a fixed deposit of 5 years. Where the deposit has a maturity period, an additional 0.25% interest will be paid per annum on renewal, the company said in a statement.

The 8.75% interest offered by STFC Fixed Deposit is higher than the current interest rates offered on small savings schemes like Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC) and Senior Citizens Savings Scheme (SCSS). is more.)

Let us tell you, STFC is a 42-year old company and is part of Shriram Group, which is one of the largest asset financing NBFCs in India. Fixed deposit schemes offered by NBFCs also called corporate FDs or company deposits are investment avenues offered by financial companies.

Should you invest?

Depositors should note that STFC is not a regular bank. Therefore, fixed deposits offered by NBFCs do not offer the same benefits as those offered by regular banks. There is a deposit insurance guarantee of Rs 5 lakh in case of banks. This means that even if the bank fails, the depositors will get back up to Rs 5 lakh. But that benefit is not applicable in case of fixed deposits offered by NBFCs.

“Unlike banks, deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs,” RBI said on its website.

STFC is a stable organization and its FDs are rated “Stable” by ICRA and India Ratings & Research, depositors should do proper research, or consult their financial planners before investing.

The post Better Fixed Deposit Rate than PPF, NSC, SSY: Interest is getting up to 8.75% on this FD, should you invest? first appeared on Rightsofemployees.com.