Adjustment of interest through HINTTM menu for premature closure of PPF account, deceased claim closure of SCSS/SSA account in CBS post offices and payment of excess deposit amount in MIS in case of death of joint account holder
Standard Operating Procedure (SOP) for dealing with cases of amalgamation of PPF Accounts: Department of Posts Order dated 18.10.2021
Revision of interest rates for National (Small) Savings Schemes for the fourth quarter of financial year 2020-21 (starting from 1st January, 2021 and ending on 31st March, 2021)
Relaxation provisions of the small savings schemes upto 31.07.2020 in view of ongoing COVID-19 pandemic situation in the country
India Post or Department of Posts, the postal system of the country, provides a range of services. The Department of Posts offers several savings schemes with different interest rates which move in line with the government’s interest rates on small savings schemes, which are revised on a quarterly basis. For the first quarter of financial…
Save tax on home rent even without House Rent Allowance (HRA) benefit
Pension Schemes of SBI – NPS Account Vs PPF Account State Bank of India (SBI) offers a host of services under its personal banking portfolio including the National Pension System (NPS) account and PPF (Public Provident Fund) account. Both the PPF and NPS account offer financial security to subscribers at a later stage of life….
Bank Investment Schemes of Public and Private Sector Banks – NPS, PPF, Sukanya Samriddhi Yojana, APY Bank Investment Schemes: Public and private sector banks offer a number of investment schemes that are safer, some with assured returns, than market-driven stocks. These investment schemes are regulated by the government-appointed bodies and the assurance of promised returns…
Best Tax Saving Investment Plans for Salaried – From National Payment System (NPS) to ELSS Tax Saving Options for Salaried: You can save some tax on investments that enjoy the safety net of Section 80 C, and some other sections, of the Income Tax Act. But then, you may be wondering what are the best…
The investment and withdrawal from the PPF account are also exempted from tax. The rate of return is 7.6 per cent.
Investment is very important for each one of us whether we are in government, public sector or in private sector jobs. The investment becomes even more important when we retire.
A PPF account can be closed only on the expiry of 15 years from the end of the year in which the initial subscription was made into the account.