Small Savings Articles
Govt cuts small saving scheme, PPF interest drastically for April-June quarter
The sharpest cuts were seen in 1,2,3-yr time deposits, recurring deposits; Senior Citizen scheme to get 7.4%, PPF to fetch 7.1%, MIS to get 6.6%
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Interest rates on small savings schemes hiked for Oct-Dec 2018 quarter
In line with the rising rates on government bonds, all major savings schemes will now dole out upto 0.4% more interest to the account holders
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Five investment options for the retired
Retired people can look at a mix of FDs, small saving schemes, equity and debt funds. We list out five best options
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Minimum Investment Limit lowered for Sukanya Samriddhi Yojana
The minimum investment amount per year has been reduced from Rs 1,000 to Rs 250
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Small Savings rates kept unchanged for July-September 2018
Existing rates on schemes such as Post Office Deposits. NSC and PPF will remain constant in the coming quarter
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PPF, NSC and other rates unchanged for first quarter of 2018-19
The Government has kept the rates on the Public Provident Fund, National Saving and other small savings unchanged for the first quarter of FY 19
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How to build saving habit
However much is your monthly income, you need to build a saving habit. Keep apart a sum every month for mutual funds, recurring deposits and other saving instruments
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Govt announces premature closure and other benefits for PPF, small savings
The government had proposed the merger of various small savings acts and the PPF act, which will be later governed by a new act, Government Savings Promotion Act
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PPF Act repealed in Budget’18; now creditors, IT department can attach PPF deposits
Your PPF account can now be attached by creditors following a repeal of the Public Provident Act, 1968 as specified in Budget 2018.
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