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.
Term Insurance Equals Life Cover and Tax Benefit Know More allindiaroundup.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allindiaroundup.com Daily Mail and Mail on Sunday newspapers.
Are floating-rate investment options a better bet?
Satya Sontanam
BL Research Bureau |
Updated on
April 17, 2021
Returns move up or down in sync with the market
A phone call between two friends leads to a conversation about the interest rates offered by various debt options and whether they stay fixed or vary during the tenure of the instrument.
Karthik: Hey, have you noticed that in the last couple of months the markets have rallied like there is no tomorrow?
Akhila: Oh, yeah. And after much thinking, I finally booked profits on some of my equity holdings last week.
Karthik: Where are you planning to park these funds now?
Highlights
Users can check the delivery status of all your orders coming via Indian Post.
The app allows users to check the details of the nearest post office.
New Delhi: From calculating premiums of Post Office Life Insurance or Gram Jeevan Bima to knowing the returns from Post Office investment, you can do it all easily via Post Office smart app. The app, Postinfo, also allows users to check the details of birth certificate and nearest post office with just a single tap on a smartphone.
The app is available on both Android and iOS stores. Upon downloading, the app shows eight different options to users, including Post Office search, service request, postage calculator, insurance portal, interest calculator, etc. You can select any service to avail the benefits of the app.
know about post office schemes SSY PPF interest rate to make big fund with rs 100 investment - नौकरीपेशा के लिए निवेश के सबसे सुरक्षित विकल्प, टैक्स छूट के साथ मिलेगा बेहतर रिटर्न livehindustan.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livehindustan.com Daily Mail and Mail on Sunday newspapers.