Post Office | Fixed Deposit, Mutual Funds, Insurance, Personal Finance, Loans, Income Tax

Interest on PPF, NSC, Post Office Deposits cut by 0.1% from April 2013

The Interest Rates on Small Saving Schemes like PPF (Public Provident Fund), SCSS (Senior Citizens Saving Scheme), NSC (National Saving Certificate), Monthly Income Scheme (MIS), Post Office Recurring Deposit (RD) and Post Office Term Deposits have been cut by 0.1%. However the interest rate on term deposit for 1 Year and the Post Office Savings account have remained [...]

Best Long Term Bank Fixed Deposit Rates – Jan 2013

With rates cut announced by Reserve Bank of India (RBI) yesterday, its good idea to lock investments in long term bank fixed deposit schemes. The table below shows the best bank fixed deposit rates for tenure of 5 years or more and the maturity amount for Rs 1 Lakh for General Public. Senior citizens can [...]

Parking Short Term Money – Bank Fixed Deposit or Liquid Fund or Savings bank Account?

There are times when you are very close to your financial goal and want to park your money for short term somewhere where it’s safe, it can easily be withdrawn and in the meantime get some reasonable returns. Here I am considering short term as less than 1 year investment horizon. There are three options [...]

Personal Finance: Changes from April 2012

With start of new financial year 2012-13, a lot would change from today in personal finance space. Here is the list. Good News: Increased Interest on Small Savings Scheme like PPF, NSC, etc: The government has increased interest rates on post office deposits like PPF, NSC, Fixed Deposit, Recurring Deposit, and Senior citizen Scheme in [...]

PPF, Post Office Deposit Interest Rates to go up

PPF, Post Office Deposit Interest Rates go up from April 2012

Finally the interest rates for small savings schemes such as public provident funds (PPF), post office deposits and National Savings Certificate (NSC) have been increased by 0.2% – 0.5%. The above interest rate increase would be effective from April 1, 2012. Now, deposits in PPF account will fetch 8.8% a year, compared with 8.6% now, [...]

PPF, Post Office Deposit Interest Rates to go up

After rate cuts in EPF (Employees’ Provident Fund) and increase in service tax, there is some good news for individuals. The government is raising the interest rate on small savings schemes such as National Savings Certificate (NSC), post office deposits and PPF (Public Provident Fund) by 0.2%- 0.5%. The increase in interest rate would be [...]

Recurring deposits – Start now to Gain from High Interest Rates?

If you are looking for investing your money in debt instruments, it’s the right time to do so. RBI (Reserve Bank of India) on March 9, 2012 has reduced CRR rates by 0.75%. This means banks would have more money to lend and so loan rates are expected to go down and so are fixed [...]