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Falling small savings schemes rates has hit money goals of many: 4 ways investors can bridge the shortfall

Falling small savings schemes rates has hit money goals of many: 4 ways investors can bridge the shortfall
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Ask us: on investments - The Hindu

Updated: April 11, 2021 22:40 IST Updated: Mutual funds are not meant to provide regular dividend options. Share Article AAA Model house, house keys and contract: real estate, loans and investments concept. Sealing a deal. Home Front view standing at the contract with keys and pend   Mutual funds are not meant to provide regular dividend options. Q. I am a 28-year-old working in a PSU for the last 4 years. All my monthly income goes towards repaying a home loan that I took 2 years ago, supporting a brother and a sister in their education and monthly expenses of parents (purchased house) and wife (rent) who live separately.

Looking for good returns? Invest in THESE 3 government scheme: Check features, benefits here

Highlights The investments can be done with as little as Rs 250 and with multiples of Rs 150 and an annual cap of Rs 1,50,000 in a financial year. The Senior Citizens Savings Scheme (SCSS) provides security to retired employees who want an assured return. The PPF account can be opened with a minimum amount of Rs 500 and the maximum can go up to Rs 1.5 lakh with a maturity period of 15 years. There are several government schemes that are worthy of investment and with the Modi government promising to not reduce the interest rates of saving schemes, there is icing on the cake for the employees.

Which are the best small savings schemes - The Hindu BusinessLine

Which are the best small savings schemes The NSC, PPF and Sukanya Samriddhi are good options The government’s double-take on interest rates on small savings schemes raised eyebrows last week. After the initial cuts, the interest rates on these schemes for the April -June 2021 quarter were restored to FY21 levels (all quarters). What are the attractive pockets in these schemes for investors below 60 years of age? More NSC a decent bet Interest rates are at a bottom now and are likely to go up in the next year or so. But, one cannot predict the exact timeline. If the circular on the new small savings rates issued on March 31 (withdrawn later) is any indication, the NSC interest rate may go down further, before moving up. Hence, for conservative investors to whom the sovereign guarantee offered by the post office schemes gives peace of mind, the NSC is a good bet.

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