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Post Office Scheme: Get Rs 3,300 pension by investing only Rs 50,000, know how
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Post Office Scheme: Deposit only Rs 50,000 to get Rs 3300 pension, here s how | Personal Finance News
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Synopsis
This was announced by the finance ministry via a circular dated Dec 30, 2020. As per the circular, PPF will continue to earn 7.10%, the NSC will fetch 6.8%. Here is a look at the interest rates on various small savings schemes for the final quarter of FY 2020-21.
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There is good news for fixed income investors as the government has decided to keep the interest rates on small savings schemes or post office schemes, unchanged for the quarter ending March 31, 2021. This is the third quarter in a row that the government has kept interest rates on various small savings schemes such as Public Provident Fund (PPF), National Savings Certificates (NSC), Sukanya Samriddhi Yojana (SSY) and others unchanged. This means that investors in PPF and SSY will continue to earn the same interest rate as they were earning in the previous quarter, i.e., between October and December 2020. Also, in new investments in the quarter ending March 31, 2021 will get the same interest rates a