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New rules for Post Office Savings Schemes: Key changes to PPF, POTD, POMIS, SCSS and more

India Business News: The Indian government made important changes to its small savings schemes in 2023, introducing a new scheme, adjusting investment limits, and changing ....

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You can't prematurely withdraw 5-year post office FD before 4-years

The finance ministry has revised the rules for post office time deposits (POTD) recently. One of the major change in the rules is that five-year post office FD cannot be prematurely withdrawn before it completes 4 years from the date of deposit. Earlier, rules allowed the breaking of POTD after it completed 6 months from the date of deposit. ....

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Penalty on premature withdrawal of post office FD hiked for this tenure

The Department of Post has made changes in the National Savings Time Deposit Scheme for premature withdrawal interest calculation, according to a notification issued on November 7, 2023. ....

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Post Office Savings Schemes: Get Govt-Backed Benefits, All You Need To Know Now

A Post Office Savings Account requires a minimum deposit of Rs 500 to be opened. ....

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Post Office Schemes: TDS deduction and exemptions explained

Post Office Schemes: It is important to be aware that in certain schemes, TDS (Tax Deducted at Source) is deducted on the interest received. ....

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