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Govt retains small savings rates for Q2
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Government retains small savings rates for Q2
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
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.
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New Delhi [India], April 1 (ANI): The Congress on Thursday alleged that the central government has withdrawn its order of lowering the rate of interest on small savings schemes with elections in hindsight .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 That order has now been withdrawn, finance minister Nirmala Sitharaman announced on Thursday morning, saying the order was issued by oversight .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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