THESE Post Office schemes will double your money in no time! Check details - Post Office investments include a number of saving schemes that provide a high rate of interest as well as tax benefits. Check here.
Public Provident Fund news: How to revive inactive PPF account? Here s a stepwise guide
To revive your PPF account, the bank or post office charges a penalty of Rs 50 for each financial year in which the account was in an inactive state. File photo
Updated: Apr 29, 2021, 07:30 AM IST
Public Provident Fund (PPF) is an old way of saving and is especially popular among the salaried class. The PPF scheme is a very useful scheme for the common people. At present, it pays 7.1% per annum interest, which is much higher than fixed deposits at banks. PPF has more interest than other tax saving schemes such as 5 years FD, National Saving Certificate and Time Deposit Scheme. In such a situation, by investing in it, you can save tax as well as earn more returns. So if your PPF account has been closed for some reason, the process of restarting it is very easy.
What to do if you win the lotto, according to a financial adviser
Updated / Tuesday, 20 Apr 2021
12:49
John Lowe of Money Doctors
So you spent most of the day Zooming at home, you re tired, emotional and in need of a good night’s sleep. Barely had time to eat, two cups of tea and an apple. You then spot your lotto ticket and for the craic check to see if you won anything… the slow realisation comes across your brain… you have just won € 12.7million … YOU HAVE JUST WON € 12.7million!!!
John Lowe of MoneyDoctors.ie takes a look at some of the steps you might take…
Updated Apr 13, 2021 | 06:20 IST Here are five investment options where senior citizens can park their hard-earned savings to get a regular income at high interest rates. Representational image
New Delhi: Investors looking for fixed regular income on their capital have been the worst hit in this falling interest rate scenario. While top banks offer maximum 6% to senior citizens on their fixed deposits with a tenure between 5-10 years, post office small savings schemes provide relatively higher rate. However, investment experts believe that the current high rates on small savings schemes may not sustain further and it is just a matter of time that the government cuts interest rates on these schemes although for the current April-June quarter the interest rates cut was reversed. Under this scenario, here are five investment options where senior citizens can park their hard-earned savings to get a regular income
Highlights
The 5.5% interest rate is being offered to 1 year to 3 years time deposit (TD) of the post office and if you invest in it, then your money will double in about 13 years.
The 5.8 percent interest on the Post Office Recurring Deposit (RD) is being offered, if the money is invested and it will double in about 12 years.
The 6.6 percent interest is given on the Post Office Monthly Income Scheme (MIS) if the money is invested and it will double in about 10 years.
Post Office Saving Schemes can offer guaranteed returns which means that you can remain confident of the fact that you are not going to lose any hard-earned money.