Revision rates of interest for Small Savings Schemes w.e.f. 01.01.2024 – SB Order No. 23/2023 dated 29.12.2023 SB Order No. 23 / 2023 F. No 113-03/2017-SB(Pt.1) Government of India Ministry of Communications Department of Posts (Financial Services Division) Dak Bhawan, New Delhi — 110001 Dated: 29.12.2023 To All Head of Circles/Regions Subject: Revision of interest…
Amendments in Senior Citizen’s Savings Scheme, 2023, National Savings Time Deposit Scheme, 2019 and Public Provident Fund Scheme, 2019: Department of Posts Order dated 14.11.2023 SB Order No. 22/2023 No 113-03/2017-SB(Pt.1) Government of India Ministry of Communications Department of Posts (Financial Services Division) Dak Bhawan, New Delhi – 110001 Dated: 14.11.2023 To All Head of…
Small Savings Schemes Interest Rate for the first quarter of FY 2023-24 starting from 1st April, 2023 and ending on 30th June, 2023 F.No.1/4/2019-NS Government of India Ministry of Finance Department of Economic Affairs (Budget Division) North Block, New Delhi Date: March 31, 2023 OFFICE MEMORANDUM Subject: Revision of interest rates for Small Savings Schemes…
Introduction of the Online account opening and closure through DOP Internet Banking for Public Provident Fund (PPF) Accounts: Department of Posts Order dated 30.08.2022 SB Order No. 14/2022 F. No. FS-13/7/2020-FS Government of India Ministry of Communications Department of Posts (FS Division) Dak Bhawan, New Delhi-110001 Dated: 30.08.2022 To, All Head of Circles / Regions…
Public Provident Fund (Amendment) Scheme 2020 – Revised Interest Rate w.e.f 1st April, 2020: Gazette Notification
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…
NEW DELHI: The government has made the NPS more tax friendly by offering complete tax exemption to the 60% of the corpus that an investor can withdraw on maturity. When they retire, NPS investors have to use 40% of the corpus to buy an annuity and can withdraw the remaining 60% of the corpus. Till…
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…
Amongst many saving and investment schemes, the Public Provident Fund (PPF) is one of the most popular tax-saving schemes for people.
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.
Premature Closure of PPF Accounts – Loksabha Unstarred Question No.2452 dated 09.03.2018 – Minister of State in the Ministry of Finance reply
Premature Closure of Public Provident Fund (PPF) account – Clarification issued by Government dated 24.07.2017