Tuesday, 7 May 2013

Saving Schemes in India by Post office


One of the fixed income security and secure way is to invest in post office savings schemes in India. In this article we will discuss about the post office savings schemes in India and its features.

Little India post office (to support the Government of India) savings plans have been popular because they offer guaranteed returns and capital protection. Here is the post office plans in India with the latest interest rate.

Investment of Rs. 1, 00,000 per year in line with the IT rebate under section 80 C of the role.
The interest rate is of 8.70% per annum. The interest rate will be determined by the SAR Government India for every year.
From the third financial is going to year financial year loan financing. The charge for the loan interest rate is 2% per annum
It allowed from the withdrawal of the 6th financial year.
Non-resident Indians (NRIs) are not eligible.
Individuals can not represent the Hungarian Forint (Hindu indivisible family) or association to invest.

Who are looking for the return of the security guarantees regular monthly income.
A fixed monthly income that are looking for good investment options
Interest rate is of 8.40%.
Maturity - five years.
Auto credit is on SB account.

NSC is usually used for the purpose of tax savings and fixed income.

The investment ceiling limit.
TDS is there but the income on maturity.
Premature withdrawal is unavailable. But can be kept as collateral for bank loans
Investment of INR 100000 / - per year to meet the IT rebate under section 80C of the IT action in the 5-year and 10-year option. Yield 8.50% 8.80% respectively

Good and safe investment options for senior citizens.
The account can be opened by individuals who have reached the age of 60 or over the age of the account opening date.
Who have attained the age of 55 years old or more but less than 60 years and opened under the Voluntary Retirement Scheme or three months from the date of retirement from the account from the date of a special voluntary retirement scheme has been retired.
Retired personnel of the defense services are no age limit as long as they meet the conditions of the other provisions.
The account may be a personal capacity or jointly with spouse open.
And the overseas Indians Forint not eligible to open an account.
Maximum limit of Rs. 15 lakh
Premature withdrawal of the previous three years the reduction in interest rates.
After three years without any deduction allowed to shut down prematurely.
In the case of death before the maturity date the account will be closed without any deduction refundable deposit together with interest.
Interest@9.20% per annum on a quarterly basis from the date of deposit.
Facilities plans nomination.
Investment in accordance with the eligibility 80C IT benefits.

Any individual (a single adult or two adults jointly) can open an account.
Suitable for: 1 year 2 years 3 years and 5-year time deposits
In the case of premature closure of six months to one year deposits will pay interest. More than one year will pay a lower interest rate than long-term deposit rates in the hundredth.
Interest rate - 8.20% 8.20% 8.30% 8.40% compounded quarterly for 1 2 3 and 5 years TD account.
The investment qualifications 80C of the 5-year deposits

Any individual (a single adult or two adults jointly) can open an account.
Pre-deposit earn rebates.
Interest rate of 8.30%
5 years maturity value of the RD accounts opened on or after April 1 2013 the monthly deposit INR.10 / - INR.744.53.
Partial withdrawal facility.
Three years later allow premature closure.

Any individual can open an account.
Check facilities.
Interest rate of 4% per annum
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