Is Post Office charging for depositing, withdrawing money? Know what the rules say
According to a recent update by India Post, cash withdrawals can be made only four times a month from the post office. File photo
Updated: Apr 10, 2021, 04:29 PM IST
Post Office schemes are preferred by people because of better securities and returns. However, according to a recent update by India Post, cash withdrawals can be made only four times a month from the post office. You will then have to pay a fee of 0.05 per cent on each transaction. Recently, a notice was issued by the government asking for a reduction in interest rate, but it was withdrawn the next day itself.
In less than 24 hours, Centre withdraws order cutting interest rates on small savings schemes
In less than 24 hours, Centre withdraws order cutting interest rates on small savings schemes
On Wednesday, the Finance Ministry had announced a sharp cut in interest rates for small savings schemes for the first quarter of the financial year 2021-22. This order has now been withdrawn.
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UPDATED: April 1, 2021 19:32 IST
The Centre on Thursday withdrew its order cutting interest rates for small savings schemes for Q1 of FY2021-22 (Photo Credits: Pixabay)
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Interest rates of small savings schemes of GOI shall continue to be at rates that prevailed as of March 2021: FM
Government withdraws order on rate cut on small savings schemes 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.
Updated Mar 09, 2021 | 06:26 IST
The decision of the RBI to allow Individuals to open a G-sec account with it is a good decision but it will not have broad-based participation from retail investors. Representational image
The Reserve Bank of India (RBI) in its latest monetary policy meeting has decided to allow retail investors to participate in government securities by opening account with it. Let us discuss how it will work and whether retail investors will really participate in it.
What is the proposal?
As per the decision of the RBI, individuals will be allowed to open a gilt account to trade on RBI’s electronic platform. Retail investors will be able to buy and sell government securities online through this platform. The exact modalities on how this will function are yet to be made available by RBI. This will help expand the scope of products available to retail investors to invest in fixed income instruments. This will also help government i
From the conditions prescribed it appears that the government has outsourced the job of ensuring that appropriate tax from senior citizens is collected to the banks.