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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
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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The very next day, the order was withdrawn and the erstwhile rates were maintained. ....

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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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Sitharaman 'putting forward lame excuse of inadvertent error': Congress


Sitharaman putting forward lame excuse of inadvertent error : Congress
ANI |
Updated: Apr 01, 2021 10:33 IST
New Delhi [India], April 1 (ANI): The Congress on Thursday alleged that the central government has withdrawn its order of lowering the rate of interest on small savings schemes with elections in hindsight .
On Wednesday, the government had announced steep cuts in interest rates of small saving schemes, including the PPF and NSC. That order has now been withdrawn, finance minister Nirmala Sitharaman announced on Thursday morning, saying the order was issued by oversight .
Congress general secretary Priyanka Gandhi Vadra alluded that it was the ongoing assembly elections that prompted Sitharaman to maintain the same rate of interest on savings schemes rather than lowering it. ....

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