Post Office Savings Account - 4%, Minimum Rs. 20 for opening

Post Office Savings Account - 4%, Minimum Rs. 20 for opening Interest payable, Rates,  Periodicity etc. Minimum Amount for opening  of account and maximum  balance that can be retained 4.0% per annum on individual / joint accounts Minimum INR 20/- for opening Salient featur…

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Post Office RD- 5 years - 7.4%

Post Office Recurring Deposit Account of 5 years - 7.4% Post Office Recurring Deposit of 5 years provides 7.4% interest rates and it is compounded every quarter. Such saving scheme gives the highest returns compared to bank RD rates. This scheme offers complete security of…

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PPF- Public Provident Fund Account - No attachment under court decree order..!

PPF- Public Provident Fund Account - No attachment under court decree order..! 1. From 1.4.2016, interest rates are as follows:- 8.10% per annum (compounded yearly). 2. Minimum Rs. 500. Maximum Rs. 1,50,000/- in a financial year. 3. Deposits can be made in lump-sum or in 12 in…

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5 year closure allowed in Public Provident Fund ..!

5 year closure allowed in Public Provident Fund  The central government on June 20, 2016 said that the public provident fund (PPF) subscribers could close their deposit accounts after 5 years for meeting medical expenses & paying fees for higher education. "A subscr…

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Rate of Interest on Small Saving schemes – July 1, 2016 to September 30, 2016

Rate of Interest on Small Saving schemes – July 1, 2016 to September 30, 2016 Ministry of Finance vide press release dated 20 June 2016 has revised the Rate of Interest on Small Saving schemes for the Second quarter of financial year 2016-17 (01.07.2016 to 30.9.2016) as unde…

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Income Tax Savings 80C Investment Options RETUN, RISK, LIQUIDITY, FLEXIBILITY

Income Tax Savings 80C Investment Options  RETUN, RISK, LIQUIDITY and FLEXIBILITY 2016-17 Year From ET

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80 C Section Income Tax Savings Ratings

80 C Section Income Tax Savings Ratings As on May 2016

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SMALL SAVINGS RATE FROM APRIL 1, 2016

SMALL SAVINGS RATE FROM APRIL 1, 2016  No change in Provident Fund - PF

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Interest rate on Public Provident Fund cut to 8.1% from 8.7%

Interest rate on  Public Provident Fund  cut to 8.1% from 8.7% As a part of its February 16, 2016 decision to revise interest rates on small savings every quarter, the interest rate on Public Provident Fund (PPF) scheme will be cut to 8.1% for the period April 1 to June 30, 2…

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Financial Savings of Indian Household..

Distribution of Financial  Savings of Household Sector in 2013-14 Equity Constitutes only 2.9% of the Financial Savings of Household in India. The other investment details are given below Investment Type % Deposits 58.80 Life Insurance Products 17 Provided Fund, Pension Funds 11.6% C…

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Top Bank Deposits Senior Citizen

Top Bank  Deposits  Senior Citizen As on Jan 2016

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Ponmagan Podhuvaippu Nidhi Scheme: 5 Major Points..!

The Department of Posts launched a savings scheme in Tamil Nadu for the male child on the lines of the successful Sukanya Samriddhi Account scheme, a top official said. The proposal to create the ‘Ponmagan Podhuvaippu Nidhi’ scheme was in the backdrop of requests from the pu…

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Post Office Time Deposit Account : 1 Year 8.40%.!

Interest payable annually but calculated quarterly. From 1.4.2014, interest rates are as follows:-  Period  & Rate 1 year Account  8.40% 2 year Account 8.40% 3 year Account 8.40%  5 year Account 8.50% (Income Tax Savings)  • Minimum Rs. 200 and in multiple thereof. No maxim…

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