Saving Schemes

ELSS, PPF: Tax-saving investments to consider before the year-end

Effective tax planning is essential for reducing tax liabilities and enhancing income. The Income Tax Act outlines various deductions for investments, savings, and expenses incurred during a financial

Interest rates on small savings schemes remain unchanged for Q3FY25

The government on Monday left the interest rates on various small savings schemes including PPF and NSC unchanged for the third straight quarter beginning October 1, 2024. "The rates of interest on various small savings schemes for the third quarter of FY 2024-25, starting from October 1, 2024, and ending on December 31, 2024, shall remain unchanged from those notified for the second quarter (July 1, 2024, to September 30, 2024) of FY 2024-25," said a finance ministry notification. As per the notification, deposits under the Sukanya Samriddhi scheme will attract an interest rate of 8.2 per cent, while the rate on a three-year term deposit remains at 7.1 per cent. The interest rates for popular Public Provident Fund (PPF) and post office savings deposits schemes too have been retained at 7.1 per cent and 4 per cent, respectively. The interest rate on the Kisan Vikas Patra will be 7.5 per cent, and the investments will mature in 115 months. The interest rate on the National Savings

World Senior Citizens Day 2024: Top investment options curated for seniors

Senior citizens need to select investment tools wisely ensuring regular returns with low risk. Explore these 5 investment options for senior citizens

Mahila Samman Savings Certificate: All you need to know

Mahila Samman Savings Certificate can be applied by women for personal investments or by guardians for minor girls.

Post office schemes: how do they work, and who is it suited for?

If you are planning to apply for a Post Office Savings Scheme, have a look at the different types of Post Office Savings Schemes.

Post office deposit to provident fund: All about small savings schemes

The government provides various options for citizens to plan their financial security

What are the key features of the Senior Citizen Savings Scheme (SCSS)?

Unlocking financial security: Exploring the senior citizen savings scheme (SCSS)

Savings schemes for senior citizens: Check interest, benefits, more

The savings scheme for senior citizens is a government-backed scheme which ensures regular money flow post-retirement. The scheme gives guaranteed returns every quarter to senior citizens

Bank of India becomes first bank to offer Mahila Samman Savings Certificate

The scheme was announced by Union Finance Minister Nirmala Sitharaman during her Budget speech this year

MSSC: 7.5% interest rate attractive but no tax benefit a dampener

However, this scheme for women offers no tax benefit and is subject to potential reinvestment risk

Union Budget 2023: SCSS, MIP investment limit doubled, new scheme for women

Mahila Samman Saving Certificate to be available for two years till March 2025, offers 7.5% return, with provision for partial withdrawal

Govt hikes interest rate on NSC, senior citizen savings scheme from Jan 1

The government on Friday hiked the interest rates on small deposits -- including post office term deposits, NSC and senior citizen savings scheme -- by up to 1.1 percentage points from January 1, in line with firming interest rates in the economy. However, the interest rates on Public Provident Fund (PPF) and the girl child savings scheme Sukanya Samriddhi has not been changed. National Savings Certificate (NSC) will yield a 7 per cent interest rate from January 1, compared to 6.8 per cent at present. Similarly, the senior citizen savings scheme will give 8 per cent interest against 7.6 per cent currently. Interest rates on Post office term deposit schemes of duration 1 to 5 years will rise by up to 1.1 percentage points. The monthly income scheme too will yield 7.1 per cent interest, up from 6.7 per cent.

Active or passive ELSS? Investment advisors divided over clear winner

Some see potential in the newly introduced passive option, other see promise in active ELSS

Pension plans: Stagger annuity purchases as returns improve with age

Buying in tranches will also help you deal with interest-rate risk

Rate reversal: West Bengal contributes most to National Small Saving Fund

In 2017-18, West Bengal accounted for 15 per cent of the total contributions made to the NSSF; its share increased from 12.4 per cent in 2007-08

If you want higher returns, and are prepared for volatility, opt for NPS

But be ready for lock-in till the age of 60, volatility, mandatory annuitisation

Govt may cut interest rates on PPF, other small savings schemes: Report

The finance ministry has been nudging public sector banks to pass the whole repo rate cuts to retail loans for pushing consumption

Bank savings account, fixed deposit or debt fund - the better option?

The savings bank rate and the debt fund rate of return are variable and market-driven

Why retirees should opt for savings scheme, and not aggressive hybrid funds

If you were mis-sold this product with the promise of regular dividend, you should exit it

MF group pitches for debt-linked saving schemes with tax benefits in Budget

It further proposed that investments up to Rs 1.5 lakh under DLSS be eligible for tax benefit, subject to a lock in period of 5 years.