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Small savings may be rewarding

Small savings may be rewarding Updated: Updated: May 23, 2021 21:42 IST With the possibility of a downward revision in rates looming, it’s time to consider your options here Share Article AAA With the possibility of a downward revision in rates looming, it’s time to consider your options here We are all aware of the flurry of activity that happened at the start of the current financial year: interest rates on Small Savings Schemes, of which the Post Office Schemes are a part, were reduced drastically through a government notification, on March 31. The very next day, the order was withdrawn and the erstwhile rates were maintained.

Post Office schemes: Check interest rates and tax benefits on saving schemes

Post Office schemes: Check interest rates and tax benefits on saving schemes All the post office investment schemes are tax-exempt under Section 80C, i.e. tax exemption up to Rs. 1,50,000 is allowed. (Image Source: File Photo) Updated: Apr 27, 2021, 12:42 PM IST If you are thinking of investing in risk-free saving schemes then here s your chance to do some investments. Post Office Investments include a number of saving schemes that provide a high rate of interest as well as tax benefits and most importantly, carry the sovereign guarantee of the Indian Government. Among the Post Office schemes, National Small Savings Schemes are very popular. In these small savings schemes, people make moderate investment and get assured returns. The interest rates on small savings schemes are decided by the Union Ministry of Finance.

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