Post Office New Interest Rates : पोस्ट ऑफिस में नयी ब्याज दर है 12% , देखे नया अपडेट
Post Office New Interest Rates: Post Office Small Savings Schemes are prominent among Indians for their low risk and easy availability! Apart from assured returns, some Post Office (India Post) small savings schemes also offer tax benefits to the depositors under Section 80C of the Income Tax Act, 1961. Reliability and risk-free returns on investment are offered by the tax saving schemes of the Post Office! Which allows an investor to secure his financial security without the risk of market uncertainties!
Post Office New Interest Rates
Eligibility is necessary to invest in Post Office Tax Saving Schemes! Any Indian citizen above the age of 18 years can invest personally or on behalf of a minor under the Tax Saving Scheme of the Post Office (India Post). Maximum two to three adults can open a joint account.
Post Office Savings Account (Post Office New Interest Rate)
To get guaranteed interest rate, a savings account (Post Office Saving Account) can be opened through cash deposit in any bank branch and post office (India Post). Some of the major benefits of this savings account (Saving Scheme) are as follows! For check and non-cheque facility account, the minimum balance to be maintained is different. Post Office New Interest Rates
Learn this also :- Online Business Ideas: Earn good money without investing, start this online business
In case of non-cheque, it is Rs.50, while for check facility account it is Rs.500. With nomination facility a person can open an account in only one post office across the country. To keep the account active, the account manager has to make either deposits or withdrawals in three financial years.
Post Office Time Deposit Account (Post Office Time Deposit Scheme)
This is one of the most tax exempt post office schemes! With different maturity periods of 1, 2, 3, and 5 years, this scheme is like a bank fixed deposit (Post Office Time Deposit Scheme). There are some other benefits of this scheme. Here the maximum period is 5 years. And in one or more post offices (India Post), any number of such can be deposited! Post Office New Interest Rates
The minimum deposit amount is kept at Rs. The tax benefit without any upper limit, however, is limited to Rs.1000. Investors are not allowed to withdraw from their TD accounts within six months. Post Office Savings Scheme interest rates are applicable for premature withdrawal between 6 to 12 months!
Senior Citizen Savings Scheme (SCSS)
Persons above 60 years of age are eligible for Post Office (India Post) SCSS! Persons above 55 years and below 60 years of age, who have retired or have taken VRS! They are also eligible for this scheme (Saving Scheme)! There are some other benefits of this scheme. This scheme comes with a maturity period of 5 years. Post Office SCSS account can be opened individually or jointly with spouse.
Individual can open multiple accounts, but the total amount should not exceed the deposit limit of Rs. 15 lakh before maturity, investors can close their account by paying only penalty! rate is 12% , see new
5-Year Post Office Recurring Deposit Account
As the name suggests, the tenure of this Recurring Deposit Account is fixed for five years. You can agree to fixed monthly deposit payments starting from Rs 100 and earn interest at the rate of 5.8% per annum. Interest is compounded quarterly. You can avail loan up to 50% against the amount already deposited in the account after completing 12 installments without default.
Post Office Time Deposit Account
There are four possible tenures for Post Office Fixed Deposit accounts that you can choose from, i.e. 1 year, 2 years, 3 years and 5 years. The minimum deposit amount in this account is Rs.1,000. Interest is calculated quarterly. But it is payable on an annual basis. For tenure up to 3 years, the rate is 5.5% per annum. And this is 6.7% per annum. For a tenure of 5 years.