These are better options for investors who do not want to take risk. The government has released the interest rates of Post Office Small Savings for the October-December 2023 quarter. In this, the interest rates on Post Office Recurring Deposit have been increased by 20 basis points.

Now you will get this much interest on Post Office RD

According to the notification issued by the Finance Ministry, interest rates on post office recurring deposits have been increased by 20 basis points. From October 1, 2023 to December 31, 2023, 5 year post office RD will now get 6.7 percent annual interest instead of 6.5 percent.

You will get this much interest on investing Rs 5,000 on RD

In an RD of Rs 5,000 every month, you will invest Rs 60,000 in one year and a total of Rs 3,00,000 in five years. You will get Rs 56,830 as interest at the rate of 6.7 percent after 5 years. You will get Rs 3,56,830 on maturity. If you invest Rs 3,000 in RD every month, you will invest Rs 36,000 in a year. Your total investment in 5 years will be Rs 1,80,000. According to the post office RD calculator, according to the new interest rates, you will get Rs 34,097 as interest. You will get a total of Rs 2,14,097 on maturity.

Interest rates are reviewed every three months

TDS is deducted on the interest received on RD. TDS of 10% is applicable on the interest rates received on RD. If the one month interest on RD is more than Rs 10,000 then TDS will be deducted. The Finance Ministry of the Central Government reviews the interest available on small savings schemes every three months. This time in the festive season quarter of October to December, the government has changed the interest rates only on 5 year recurring deposits. On the remaining schemes, interest rates have been applied at the old rate.

The post Post Office RD: You will get interest of Rs 56,830 in this scheme of Post Office, the government has recently increased the interest. first appeared on Rightsofemployees.com.

These are better options for investors who have the ability to take risk. The government has released the interest rates for Post Office Small Savings Schemes for the October-December 2023 quarter. In this, the interest rates of Post Office Recurring Deposit (Post Office RD) have been increased by 20 basis points.

Post Office RD: New higher rates from October 1

According to the notification issued by the Finance Ministry, the interest rates on Post Office Recurring Deposit (Post Office RD) have been increased by 20 basis points. From October 1, 2023 to December 31, 2023, the 5-year post office RD will now get 6.7 percent annual interest instead of 6.5 percent. In this, compounding of interest is done on quarterly basis.

Post Office RD: ₹5000 monthly investment, ₹8.50 lakh in 10 years

A minimum of Rs 100 can be invested monthly in Post Office Recurring Deposit (PORD). There is no maximum limit for investment. You can invest as much as you want in multiples of Rs 10.

If you are investing Rs 5,000 monthly in Post Office RD, then after 5 years you will get Rs 3,56,830 on maturity. Your total investment in this will be Rs 3 lakh and you will get guaranteed interest of Rs 56,830. PORD account can be extended for next 5 years after maturity of 5 years. In this way, if you maintain your RD for 10 years, your total guaranteed fund will be Rs 8,54,272. In this, there will be a guaranteed income of Rs 2,54,272 from interest.

There is no risk in the recurring deposit scheme of the post office. Post office small savings schemes have sovereign guarantee. This is because this money is used directly by the government. Therefore, the investor’s money remains completely safe in these schemes.

Post Office RD: Pre-mature closure facility after 3 years

RD account can be opened in any post office branch for Rs 100. In this, a person can open any number of accounts. In this, apart from single, joint account can be opened for up to 3 persons. Guardian account can be opened for minors. The maturity of post office RD account is 5 years. But, pre-mature closure can be done after 3 years.

Loan can also be taken against RD account in post office. The rule is that after depositing 12 installments, a loan can be taken up to 50 percent of the amount deposited in the account. The loan can be repaid in lump sum or in installments. The interest rate on the loan will be 2 percent more than the interest on RD. It also has the facility of nomination.

The post Post Office’s super RD Scheme: ₹5000 monthly investment, you will get ₹8.50 lakh in 10 years, know everything first appeared on Rightsofemployees.com.

These are safe and guaranteed return schemes, which are run by the government. Here you are telling about a similar scheme of the post office, in which you will get Rs 10 lakh on depositing Rs 5 lakh. Even today, Post Office Savings Scheme is the best way to increase.

Post office time deposit account

Today we will tell you about the 5-year Post Office Time Deposit Account (Post Office Time Deposit Scheme), which guarantees to double your money. This will give you the benefit of compound interest. After April 1, 2023, customers are getting 7.5 percent interest rate in the Post Office Time Deposit Scheme. You can invest in this scheme from Rs 1000.

Will get this much money after 5 years

If you invest Rs 5 lakh in a time deposit scheme, you will get Rs 7,24,974 on maturity. In this you will get Rs 2,24,974 as interest. If you extend the time deposit scheme for 5 years, you will get Rs 10 lakh instead of Rs 5 lakh.

Will get this much money after 10 years

In the time deposit scheme, this amount will become Rs 10,51,175 in 10 years. Rs 5,51,175 will be received as interest. Here your money is guaranteed to double in 10 years. Only individuals above 10 years of age can invest in this scheme. However, the account of a child can be opened under the supervision of his/her parents. You can open this account in the post office near you.

The post Post office superhit scheme: You will get 10 lakhs by investing 5 lakh rupees, see all details first appeared on Rightsofemployees.com.

On the instructions of the Central Government, the Finance Ministry has revised the interest rates on small savings schemes for the July-September 2023 quarter. In this quarter, PPF investors were expecting an increase in interest rates, but they have got a shock again. This is the 13th consecutive quarter when the government has not increased the interest rates on the PPF scheme. The last time the interest rate on the PPF scheme was increased in April 2020.

The Finance Ministry has announced an increase in interest rates of small savings schemes by up to 30 bps for the July-September 2023 quarter after a review meeting on 30 June. In the July-September quarter, out of 12 types of savings schemes, interest rates have been increased on only 3 savings schemes, while there has been no change in the interest rate on 9 savings schemes including Sukanya, PPF.

PPF interest rate not increased for the 13th consecutive quarter

PPF investors were expecting a hike in the interest rate for the July-September quarter, but now it has not materialised. After there was no change in the interest rates of Public Provident Fund for July-September, now the interest rate of PPF has remained only 7.1 percent. The last time the interest rate of PPF was increased in April 2020. Since then, about 13 quarters have passed, but the government has not been able to gift the increased interest rates to the PPF investors.

Interest rates hiked on 3 savings schemes for July-September quarter

• For 1 year, the interest rate on Post Office Time Deposit Scheme has been increased from 6.8 percent to 6.9 percent.
• Interest rate on 2-year post office time deposit has been increased from 6.9 per cent to 7 per cent.
• The interest rate on the 5-year Recurring Deposit Scheme has been increased from 6.2 per cent to 6.5 per cent.

The post PPF Interest Rate 2023: Interest rates increased only on these 3 savings schemes, see interest rate list first appeared on Rightsofemployees.com.

Savings Scheme in Indian Post Office is an important savings scheme by the Government of India-run organization which provides the most secure savings option to the citizens of the country. These savings schemes are run by the Indian Post Office and are available through the offices of the department across the country. The investor’s full attention is on what returns are being received in any savings scheme. Interest rates are very important in post office schemes as it determines the rate of return citizens get for their savings.

The interest rates in the India Post Office National Savings Scheme are revised by the government from time to time, so that citizens can get attractive interest rates for savings and the government can also handle the changes in the economy. . There have been different interest rates in Indian Post Office Savings Schemes.

On opening a savings account in the post office, interest is given at the rate of 4% per annum. At the same time, there is also an advantage in saving here. Here compounding interest is also available for depositing for up to one year. Isn’t it a big deal? How to get this interest. Get to know him. On depositing for a year, interest is given here with 6.8 percent. But here compounding interest is given after every three months. This means that if someone deposits Rs 10,000, he will get Rs 698 as annual interest.

At the same time, the rate of interest is given at the rate of 6.9 percent per annum on a two-year deposit in the post office. Here the benefit of compounding is given. Here also the interest is compounded every quarter. In this case, if someone has deposited Rs 10000, he will get Rs 708 as interest at the end of the first year.

Interest is being given at the rate of 7 percent per annum for depositing in the National Savings Scheme of the Post Office for three years. Here compounding interest has been arranged every quarter. Rs 719 will be received as annual interest in the first year on a deposit of Rs 10000. After this you can calculate the years.

Now let’s talk about the interest received on the post office deposit of 5 years. Annual interest is being given on the deposit at the rate of 7.5 percent. The advantage of compounding every quarter will be available here as well. On a deposit of Rs 10,000, interest of Rs 771 will be available annually in the first year.

It is our endeavor to provide only accurate information. At present, the same interest rates have been given on the post office department’s site . It is to be noted that the Indian Post Office revises the interest rates on savings schemes from time to time, so it would be wise to visit the official website of the Post Office for updates on these rates.

You must have understood that the Indian Post Office Savings Scheme provides a way of safe savings to the countrymen and offers them attractive interest rates to save. Through these schemes, people can increase their income and stand the test of future economic security.

How much profit is being made in this can be understood from the chart given below.

The post Post office savings schemes are getting strong interest and benefit of compounding first appeared on Rightsofemployees.com.

The government has increased the scope of small savings schemes. Now, like other small savings schemes, Mahila Samman Savings Certificate accounts can also be opened in designated private banks. According to the notification issued by the Ministry of Finance, the facility of investment in Small Savings Schemes, Mahila Samman Samman Savings Letter will be available from public sector banks as well as ICICI, Axis, HDFC and IDBI Bank. Earlier also the facility of investment in small savings like PPF, SSY was available in designated private banks.

According to the notification issued by the government, the Finance Ministry has instructed the banks that there should be a dedicated software in the bank for accounting and operation of National Savings Schemes. In this, banks will also have to ensure that there is a special function for each scheme in the software. Banks can operate all the schemes in online mode and in branches with all core banking solutions. However, they will have to ensure adequate security arrangements.

Who can open MSSC

Mahila Samman Savings Letter Scheme (Mahila Samman Savings Scheme 2023) has started from 1 April. The scheme was announced by Finance Minister Nirmala Sitharaman in Budget 2023. This is a deposit scheme which has been started especially for women with better interest rates. Any woman can open her account under Mahila Samman Savings Scheme. For girls below 18 years of age, their parents can open this account. That is, women of all ages can take advantage of this scheme.

What are the benefits of the scheme?

Mahila Samman Bachat Patra Yojana is a scheme to motivate women to save. In this scheme, women get interest at the rate of 7.5 percent. The scheme offers the benefit of compounding interest and the interest is calculated on a quarterly basis. In such a situation, through this scheme, women get a lot of profit on the amount deposited. This post office scheme is currently valid for two years. Investments can be made in this till 31 March 2025. Any woman can invest in it from Rs 1000 to Rs 2 lakh.

The post Good News! MSSC account can be opened in private banks also, know who can take advantage of the scheme first appeared on Rightsofemployees.com.

The government has not made any change in the interest rates of this small savings scheme for a long time. By the end of June 2023, the government can change the interest rates of this scheme. It is worth noting that the government reviews the interest rates of this savings scheme every three months. In such a situation, a change is possible by the end of this month.

No changes made since April 2020

It is noteworthy that the last change in the interest rates of the Public Provident Fund Scheme was made by the Central Government in the year 2020. On 1 April 2022, the government had reduced the interest rates from 7.9 percent to 7.1 percent. Since then no change has been made in this scheme.

It is worth noting that in March 2023, the Central Government had increased the rate of interest of many small savings schemes, but the rates of PPF have remained the same at 7.1 percent. But this time the PPF account holders are hopeful that by the end of June 2023, the government may consider increasing the interest rates.

Why there is no change in the interest rates of PPF for a long time-

According to the report published in the Financial Express, behind not increasing the interest rates of PPF, government employees have said that the reason behind not increasing the rates of this scheme is that after the tax return, the total amount invested under this scheme is 10.32%. Percent interest rate and benefits are available. In such a situation, this scheme is already getting more returns than other schemes. For this reason, the government has not increased its rates for a long time.

You get the benefit of tax exemption on investing in PPF

Public Provident Fund Scheme is an excellent tax saving scheme in which you get a deduction of Rs 1.5 lakh under Section 80C of Income Tax. Along with this, no tax will have to be paid on the interest received on the amount deposited under this scheme.

You will not have to pay any tax on the maturity amount of PPF. It is worth noting that under this scheme, up to 9.5 percent interest rate is available at a time. The lock in period of this scheme is 15 years. If you do not want to invest in EPF and NPS schemes, then you can get strong returns on your retirement by investing in PPF.

The government increased the interest rate on these government schemes

In the last quarter of the financial year 2022-23, the Senior Citizens Savings Scheme, Sukanya Samriddhi Yojana, Kisan Vikas Patra, Post Office FD Scheme (Post Office Fixed Deposits) ), Monthly Income Scheme and Post Office RD Scheme (Post Office Recurring Deposit) interest rates were increased.

The post PPF Interest Rate Increase: Good news for PPF account holders! The government may decide to increase the interest rate, know details first appeared on Rightsofemployees.com.

Policies are available for people of all age groups in LIC, in which you can collect big funds even with a little investment. One such scheme is LIC’s Jeevan Anand policy, in which you can deposit a corpus of Rs 25 lakh by saving just Rs 45 per day. Many types of benefits are also available in this policy. Let’s know about it in detail…

Thick fund at low premium

If you want to raise thick fund for yourself at low premium, then Jeevan Anand policy can prove to be a great option. In a way, it is similar to a term policy. You can pay premiums for as long as you have the policy. In this scheme, the policyholder gets not one but many maturity benefits. In this scheme of LIC, there is a sum assured of at least one lakh rupees, while no maximum limit has been fixed.

This is the math of Rs 45 to Rs 25 lakh.

In LIC Jeevan Anand Policy, you can get Rs 25 lakh by depositing around Rs 1358 every month. If you look at it per day, you will have to save Rs 45 everyday. You have to do these savings for the long term. Under this policy, if you invest for 35 years while saving Rs.45 daily, then after completion of maturity of this scheme, you will get an amount of Rs.25 lakhs. If you look at the amount saved by you on an annual basis, it will be around Rs 16,300.

[web_stories title=”true” excerpt=”false” author=”true” date=”true” archive_link=”false” archive_link_label=”” circle_size=”150″ sharp_corners=”false” image_alignment=”left” number_of_columns=”1″ number_of_stories=”4″ order=”DESC” orderby=”post_title” view=”carousel” /]

This much amount is received by adding bonus benefits.

If you invest Rs 16,300 every year in this LIC policy for 35 years, then you will invest a total deposit of Rs 5,70,500. Now according to the policy term, the Basic Sum Assured will be Rs 5 lakh, with which after the maturity period, you will be given a revision bonus of Rs 8.60 lakh and a final bonus of Rs 11.50 lakh. Bonus is given twice in LIC’s Jeevan Anand policy, but for this your policy must be of 15 years.

No tax exemption, but rider-death benefit

The policyholder taking the Life Insurance Corporation of India’s Jeevan Anand policy is not given the benefit of any kind of tax exemption under this plan. However, if you look at its benefits, you get four types of riders in it. These include Accidental Death and Disability Rider, Accident Benefit Rider, New Term Insurance Rider and New Critical Benefit Rider.

Only death benefit benefit has been added to this policy. That is, if the policy holder dies due to any reason, then the nominee will get 125% death benefit of the policy. On the other hand, if the policy holder dies before the maturity of the policy, then the nominee gets money equal to the time assured.

The post LIC’s Dhansu scheme: Deposit Rs 1358 every month, you can get Rs 25 lakh, know complete details first appeared on Rightsofemployees.com.

The government is running Sukanya Samriddhi Yojana for daughters . By investing in this scheme, parents can secure the future of their daughters. How to take advantage of it Sukanya Samriddhi Yojana is such a long term plan. By investing in this, you can add money from your daughter’s educaation to marriage expenses. Under Sukanya Samriddhi Yojana, the account of daughters below the age of 10 years is opened in the name of their parents only.

Under this scheme, you can invest from Rs 250 to Rs 1.50 annually. How many daughters will open an account from a family, earlier in this scheme, only two daughters’ account was exempted from tax under 80C. But now it has changed and under the rule, if two twin daughters are born after one daughter, then their account will also get tax exemption.

When can accounts be closed?

The account opened under Sukanya Samriddhi Yojana could be closed in the first two circumstances. If the girl child dies or if the address of the daughter’s residence is changed, then this account could be closed. But after the new change, the life-threatening illness of the account holder has also been included in it. The account opened under Sukanya Samriddhi Scheme can be closed prematurely even after the death of the parents.

How to open account?

To take advantage of this scheme, you can open an account by visiting any nearest post office or bank. Sukanya Samriddhi Yojana matures in 21 years. However, after the girl’s age is 18 years, money can be withdrawn from this account for studies. Full amount is available only after 21 years.

Documents required for Sukanya Samriddhi Yojana-

At the time of opening the account under Sukanya Samriddhi Yojana, it is necessary to give the girl’s birth certificate in the post office or bank. Also, the identity card and address proof of the girl and her parents are required.

How will the amount be deposited in the account?

The amount invested in the Sukanya Samriddhi Yojana account can also be deposited in cash, cheque, demand draft or in any such manner as the bank accepts.

How much interest will you get on investment?

At present, interest is getting at the rate of 7.6% on investment in Sukanya Samriddhi Yojana. Under this scheme, by investing a small amount, you can add lakhs of rupees. Sukanya Samriddhi Yojana is getting more interest than all the savings schemes of the bank or post office.

If you invest up to Rs 1000 every month under this scheme, then according to 7.6% interest rate, you will get an amount of more than Rs 10 lakh like this.
• Deposited in 1 month – Rs 1000
• Total deposit in 12 months Rs -12000
• Deposit up to 15 years – Rs -18,0000
• Total interest on deposit up to 21 years + Total deposit – Rs 329,212
• On attaining 21 years But after adding the total deposit + total interest, the money will be returned – Rs 10,18,425
• In this way, when your daughter is 21 years old, then lakhs of rupees will be deposited in her name. When you want your daughter to get married, then you can easily withdraw this money.

The post Sukanya Yojana Rules: The rules of Sukanya Samriddhi Yojana have changed from today, now these daughters will get benefits, know full details first appeared on Rightsofemployees.com.

By investing in these schemes, you can accumulate a substantial bank balance for yourself. You also get excellent returns on savings if invested in the right plan. One advantage of investing in government schemes is that people’s money is safe in this. Today we are going to tell you about one such government scheme in which you get many benefits by investing.

One advantage of investing in this scheme is that in this you also get a lump sum amount every month. In such a situation, if there is any kind of financial problem, this money can be very useful for you. Let us tell you about this government scheme.

You have to invest only once

The government scheme we are telling you about is of the post office. You get good interest in the Monthly Income Scheme Account (MIS) of the post office. In this scheme, you can invest a fixed amount at one go. In this scheme, you can earn monthly income in the form of interest every month by investing a lump sum amount once.

The interest rate for January-March 2023 has been fixed at 7.1 percent. However, the government sets the interest rate on a regular basis. The lock-in period for Post Office MIS is 5 years. You can withdraw the invested amount after maturity or reinvest it.

Finance Minister Nirmala Sitharaman announced in her budget speech 2023 that the maximum investment limit in this scheme will be increased from Rs 4.5 lakh to Rs 9 lakh for single account and Rs 15 lakh for joint account. The post office currently shows the past investment limit.

In this way you will get 9 thousand rupees every month

After increasing the investment limit in this post office scheme, Rs 15 lakh can be invested in a joint account. After investing Rs 15 lakh, a monthly income of around Rs 9,000 (Rs 8,875) can be earned as interest. Under this, all the joint holders will have an equal share in the investment.

Interest will be paid on completion of one month from the date of opening in the same manner till maturity. The scheme for a single account will fetch a monthly interest income of Rs 5,325 for a Rs 9 lakh deposit, while a deposit of Rs 15 lakh in a joint account will fetch a monthly interest of Rs 8,875.

These benefits are available in the plan

The good thing in MIS is that even two or three people can open a joint account together. The income received in return of this account is given equally to every member. Joint account can be converted into single account at any time. Single account can also be converted into joint account. To make any kind of change in the account, a joint application has to be given by all the account members.

The post Post Office MIS Scheme: Invest just once in this government scheme, you will get Rs 9000 every month first appeared on Rightsofemployees.com.

In the new year, in the first week of January, many banks including Bandhan Bank, Punjab National Bank, Yes Bank and Kotak Mahindra have announced to increase the interest rate. The increased rates will be applicable for fixed deposits up to ₹2 crore. Some economic analysts predict that RBI may announce or implement another hike in February 2023. Due to this, the possibility of further increase in interest rates has increased in the coming days.

• Punjab National Bank on January 1 announced an increase in the rates of interest on savings accounts and fixed deposits. PNB increased the interest rate on savings account by 25 basis points, while increased the interest rate on FD by up to 50 basis points. The bank is now offering 4 to 8 percent interest rate on FD.
• Indian Overseas Bank (IOB) on January 1 increased the interest rate on short-term FDs of 7 to 90 days by 75 basis points. The bank currently offers a maximum interest of 6.55% on FDs of 444 days. While the additional rates for senior citizens remain at 0.50% and 0.75% respectively.
• On January 1, Punjab and Sindh Bank has announced an increase in the interest on FDs. The bank is currently offering 2.80% to 6.25% interest on Fixed Deposits with maturities ranging from 7 days to 10 years, while the rate for a tenure of 601 days is 7%.
• Bandhan Bank has announced an increase in interest on FDs on January 5, 2023. The bank currently offers 3.00% to 5.85% on FDs maturing in 7 days to 10 years, while for senior citizens it ranges from 3.75% to 6.60%. The bank is giving maximum interest rate of 7.50% to general citizens and 8% interest to senior citizens.
• Kotak Mahindra Bank increased interest rates on savings schemes by up to 50 bps on January 4, 2023. On FDs maturing in 390 days to less than two years, the bank is now offering a maximum interest of 7% to the general public, while the rate for senior citizens is 7.50%.
• Yes Bank has announced a change in the interest rate on FDs up to ₹ 2 crore on January 3, 2023. The bank is offering interest between 3.25% and 7.00% to the general public, while the rate for senior citizens is 3.75% to 7.75% on deposits ranging from 7 days to 120 months.

The post Fixed deposit list of banks: Big news! These banks increased FD interest rates in January 2023 first appeared on Rightsofemployees.com.

After two days i.e. on Friday, December 30, 2022, the central government can announce an increase in the interest rates of small savings schemes. On December 30, after reviewing the interest rates of these schemes, the Finance Ministry can announce to increase it.

The Finance Ministry will review the interest rates of small savings schemes for the fourth quarter of 2022-23 from January to March, in which it is believed that on savings schemes like PPF and Sukanya Samriddhi Yojana (NSC) An increase in interest rates can be announced. Interest rates can also increase on other savings schemes of the post office including these savings schemes.

It is believed that the Finance Ministry may announce an increase in interest rates by 0.50 percent on all schemes of small savings schemes. The government’s 10-year bond yield has gone up from 6.04 per cent to above 7.25 per cent in 12 months. According to this formula, the interest rate on PPF, Sukanya Samriddhi Yojana, Senior Citizen Saving Scheme can be increased by 50 basis points from the current level.

Why interest rates can increase

RBI has announced the increase in the repo rate for the fifth consecutive time on December 8, 2022. In 2022, the repo rate has been increased from 4 percent to 6.25 percent. But the government has not increased the interest rates of many small savings schemes. There has been no change in the interest rates of PPF, Sukanya Samriddhi Yojana and NSC. 7.1 percent on Public Provident Fund, 6.8 percent on NSC i.e.

National Savings Certificate, 7.6 percent interest on Sukanya Samriddhi Yojana remains the same. After increasing the repo rate by 2.25 percent, the interest rates of these schemes can be increased by the government. Considering these savings schemes as safe, the urban rural common Indian invests. These are the people who rely on investing in these schemes while staying away from the ups and downs of the stock market.

Interest rates were increased on these small savings schemes

In the third quarter only the interest rate of Kisan Vikas Patra was increased from 6.9 per cent to 7 per cent but the maturity period was reduced from 124 months to 123 months. The interest rate on Senior Citizen Savings Scheme was increased from 7.4 per cent to 7.6 per cent.

Instead of 6.6 per cent on Monthly Income Account Scheme, 6.7 per cent instead of 5.5 per cent on post office two-year fixed deposit scheme, 5.7 per cent instead of 5.5 per cent on 3-year fixed deposit scheme was made 5.8 per cent. But there was no change in the interest rates of PPF, Sukanya Samriddhi Yojana and NSC.

The post Sukanya Samriddhi Yojana Rate Increased: Government may increase interest rates on Sukanya Samriddhi Yojana, know its details first appeared on Rightsofemployees.com.

Everyone should save to meet future financial needs. Well there are many options to invest money. Many people invest in stock market, mutual funds and some invest in cryptocurrency. There is a lot of risk in all of these. There are many savings schemes for investment in the post office which offer high interest rates and tax exemptions.

Most importantly, it is guaranteed by the Government of India. Today we are telling you about such a scheme of post office in which you can earn big profit with small investment. Post Office Recurring Deposit Scheme (RD) should be invested for good returns. Let’s know about this scheme.

The Safest Investment Investing in the post office not only keeps our money safe, but also gives us good returns. Money never gets lost in Post Office Recurring Deposit Scheme investment. Because this scheme is run under the supervision of the government. A huge fund can be made even by depositing some money in RD account. RD account can be started with a deposit of just Rs.100. At present, 5.8 percent interest is being given on the recurring deposit scheme.

No maximum limit of deposit No maximum limit has been fixed for depositing money in this post office scheme. Recurring Deposit can be done for one year, two years or three years as per your convenience. The most important thing is that interest is given quarterly on the money deposited in this RD. At the end of every quarter, the amount is credited to your account along with compound interest.

Who can open the account Any person above 18 years of age can open an account in Post Office Recurring Deposit Scheme. You can also open a joint account in this. The account of a minor can also be opened on behalf of the guardian. For this, an account can also be opened in the name of a minor above 10 years.

You will get so many lakhs on maturity,

you can earn good profit from this scheme. If you invest 10 thousand rupees every month in this post office scheme for 10 years. So you will get 5.8 percent interest after 10 years. Will get more than 16 lakh rupees on maturity. If you deposit Rs 10,000 every month, then you will get Rs 16,28,963 on maturity of 10 years on getting interest at the rate of 5.8 per cent.

The post Post Office Recurring Deposit-RD: Start investing in this scheme from 100, you will get 16 lakhs on maturity first appeared on Rightsofemployees.com.

Good returns can also be achieved by investing in these savings schemes. At the same time, a good investment scheme is being run by the government for daughters as well. This scheme can be beneficial in the long term.

Many schemes are being run by the government for the welfare of the people. In these schemes, the government gives financial help to the people, while many savings schemes are also being run for the people. Good returns can also be achieved by investing in these savings schemes. At the same time, a good investment scheme is being run by the government for daughters as well. This scheme can be beneficial in the long term.

Sukanya Samriddhi Yojana

Actually, we are talking about the Sukanya Samriddhi Yojana (Sukanya Samriddhi Yojana) being run through the post office. This scheme is specially run for daughters. Sukanya Samriddhi Yojana is operated through the post office. Anyone can open Sukanya Samriddhi account in the post office in the name of his daughter. Interest is available at the rate of 7.6 percent on this investment scheme. At the same time, lakhs of rupees can be made through this scheme even with small savings.

Sukanya Samriddhi Yojana Benefits

An account can be opened in the name of a girl child below the age of 10 years through a guardian.
Only one account can be opened in the name of a girl child in any post office or any bank in India.
– This account can be opened for a maximum of two girls in a family. Provided that in case of birth of twin/triple girl child, more than two accounts may be opened.
– Account can be opened with a minimum initial deposit of Rs.250 in a financial year.
– Lump sum or installments ranging from Rs 250 to Rs 1.50 lakh can be deposited in the account in a financial year. The amount to be deposited should be in multiples of Rs.50.
– Amount can be deposited in it till the completion of maximum 15 years from the date of opening of the account.
– If minimum Rs 250 is not deposited in an account in a financial year, the account will be treated as default account.
– The amount deposited in this account is eligible for deduction under section 80C of the Income Tax Act.
– Interest will be credited to the account at the end of each financial year.
– The interest earned is tax free under the Income Tax Act.
– The account will be operated by the guardian till the girl child attains majority (i.e. 18 years).
– Withdrawal can be made from the account after the girl child attains the age of 18 years or passes 10th standard.
– Withdrawal can be made up to 50% of the balance available at the end of the previous financial year.
Withdrawal can be made in lump sum or in installments.
Apart from this, the account matures after 21 years from the date of account opening or at the time of marriage of the girl child after attaining the age of 18 years.
However, in some circumstances, premature closure can also be done after 5 years of opening the account.

The post Government’s scheme for daughters, 250 will have to be deposited, will get the benefit of lakhs of rupees first appeared on Rightsofemployees.com.

The Department of Posts, through a notification dated October 12, 2022, said, ‘The competent authority has decided to introduce an e-passbook facility. This 12.10.2022 National (Small) Savings Scheme has been launched to provide simplified and advanced digital facilities to the account holders.’

Account holders can use the registered mobile phone to access the e-passbook facility. The postal department said that this service is available free of cost.

With the introduction of this facility, post office small savings customers will be able to access account information anytime, anywhere without the need for net banking or mobile banking access. The account holder can use the e-passbook facility through the registered mobile number. The notification states that this service will be available free of cost.

Facilities available under e-Passbook:

• Checking Balance: User can view the balance of each National Savings Scheme account using this option.
• Mini Statements: Mini statements will be made available initially for PO Savings Accounts (POSA), Sukanya Samriddhi Accounts (SSA) and Public Provident Fund Accounts (PPF) and then gradually for other schemes. The most recent 10 transactions will be shown, and a short description can be downloaded in PDF format.
• Full Details: Complete details will be made available gradually.

How to check PPF, Sukanya Samriddhi account balance

Click on the e-passbook link given on www.indiapost.gov.in or www.ippbonline.com.
-Enter mobile number and captcha>Login>Enter OTP>Submit -Select
e-Passbook
-Select Scheme Type,Account Number,Enter Registered Mobile Number and Captcha>Continue>Enter OTP>Verify
-Option choose

( A ) Balance Inquiry
( B ) Mini Statement
( C ) Full Statement

The post e-Passbook facility: Savings schemes including PPF, in which you have your accounts… find out how much balance has been done sitting at home first appeared on Rightsofemployees.com.

The interest rates on such savings schemes are reviewed by the government every quarter of the financial year. During the review in the last June quarter, no change was made by the government. This was worrying crores of investors.

You can start with a small amount Here you can start with less money and deposit up to 1.5 lakh rupees in a year. Here your money is completely safe. The government has kept the interest rate on PPF at 7.10 percent recently. Its rules have been changed in the last few years.

Money will be deposited only once every month

It is necessary to invest in PPF account in multiples of Rs 50. This amount should be at least Rs 500 or more annually. But in PPF account you can deposit up to 1.5 lakhs in the whole financial year. Only on this you get the benefit of tax exemption. Apart from this, you can deposit money in PPF account only once in a month.

Interest rate was cut

You can also take a loan against the balance in the PPF account. Recently, this interest rate has been reduced from 2 percent to 1 percent. After paying the principal amount of the loan, you will have to pay the interest in more than two installments. Interest is calculated on the 1st of every month.

Account will remain active even after 15 years

Even after investing for 15 years, if you are not interested in investing, then you can continue your PPF account without investment. It is not necessary to deposit money in this account after the completion of 15 years. You can withdraw money only once in a financial year by opting to extend the PPF account post maturity.

This form has to be filled to open an account

To open a PPF account, Form-1 has to be submitted instead of Form A. For extension of PPF account after 15 years (with deposit) one year before maturity, application has to be made in Form-4 instead of Form H.

How to get loan against PPF?

Loan is also available against PPF account. Its rule is that you can get a loan only 25 percent of the balance in your account before two years from the date of application. Understand in simple language, you applied for the loan on 31st March 2022. Two years before this (March 31, 2020), if there was 1 lakh rupees in the PPF account, then 25 percent i.e. 25 thousand loan can be got.

The post PPF Rules Update: Before the increase in interest rates, the government made changes in the PPF rules, stay updated, otherwise there may be a big loss first appeared on Rightsofemployees.com.