PF
Interest Rate VS Other Govt. Saving Schemes.. Interest
Rate of Government Schemes Saving
Instrument Interest
Rate Employee
Provident Fund (EPF) 8.65 % Public Provident Fund (PPF) 8 % National Saving Certificate (NSC) 8 % Senior Citizen Saving Scheme (SCSS) 8.5 % Sukanya Samridd…
Showing posts with label Post Office Savings. Show all posts
Showing posts with label Post Office Savings. Show all posts
Interest rates for Small Savings Schemes reduced by 0.1% from 1st October, 2016
Investment GuruSaturday, October 01, 2016News - SEPTEMBER 2016, OCT 2016, Post Office Savings
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Interest rates for Small Savings
Schemes reduced by 0.1% from 1st
October, 2016 F.No.
1/04/2016-NS.II Government
of India Ministry
of Finance Department
of Economic Affairs (Budget
Division) North
Block, New Delhi Dated- September 29, 2016 OFFICE
MEMORANDUM Subject: Revision of int…
Sukanya Samriddhi Accounts interest 8.6%, Minimum Rs. 1,000, Maximum Rs. 1.5 lac Tax Rebate
Investment GuruSaturday, September 24, 2016Income Tax, News - SEPTEMBER 2016, Post Office Savings
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Sukanya Samriddhi Accounts Rate of interest 8.6%
Per Annum(w.e.f 1-4-2016),calculated on yearly basis ,Yearly compounded. Minimum Rs. 1000/-and
Maximum Rs. 1,50,000 in a financial year. Subsequent deposit in multiple of Rs.
100 Deposits can be made in lump-sum No limit on num…
Kisan Vikas Patra – KVP - doubles in 9 years, Minimu Rs. 1000, No Maximum Limit, Tax Rebate
Investment GuruSaturday, September 24, 2016Income Tax, News - SEPTEMBER 2016, Post Office Savings
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Kisan Vikas
Patra (KVP) Amount Invested doubles
in 110 months (9 years & 2 months) Available in
denominations of Rs 1,000, Rs 5000, Rs 10,000 and Rs 50,000. Minimum deposit Rs.
1000 and no maximum limit. Salient
features including Tax
Rebate o Certificate can be purchased b…
National Savings Certificates (NSC) Tax Rebate 5 Years Minimum Rs. 100, 8.1%
National
Savings Certificates (NSC) 5 Years
National Savings Certificate (VIII Issue) From
1.4.2016, interest rates are as follows:- o 8.1% compounded six monthly but payable at maturity. Rs. 100/- grows to Rs 147.61 after 5 years. Minimum R. 100 No
maximum limit available in de…
15 year Public Provident Fund Account – PPF - 8.10%, Minimum Rs. 500, Maximum Rs. 1,50,000 - Tax Rebate
15 year Public Provident Fund Account PPF Interest payable,
Rates,
Periodicity etc. From
1.4.2016, interest rates are as follows:- o 8.10% per annum (compounded yearly). o Minimum Amount
for opening of account and maximum balance that can be retained Minimum Rs. 500, Maximum Rs.
…
Senior Citizen Savings Scheme - SCSS - 8.6% - Deposit multiple of Rs.1,000, Maximum Rs. 15 lakh, Income Tax Benefit
Senior Citizen Savings Scheme (SCSS) Interest payable,
Rates,
Periodicity etc. From
1.4.2016, interest rates are as follows:- o 8.6% per annum, payable from the date of
deposit of 31st March/30th Sept/31st December in the first instance &
thereafter, interest shall be payab…