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POTD PREMATURE WITHDRAWAL
POTD, Sukanya Samriddhi Yojana interest rates hiked; investors who will get higher rates on these small saving schemesPost office scheme interest rates: The government has hiked the interest rates for Sukanya Samriddhi Yojana and on select Post Office time ...
You can't prematurely withdraw 5-year post office FD before 4-yearsThe finance ministry has revised the rules for post office time deposits (POTD) recently. One of the major change in the rules is that five...
Penalty on premature withdrawal of post office FD hiked for this tenureThe Department of Post has made changes in the National Savings Time Deposit Scheme for premature withdrawal interest calculation, accordin...
Mahila Samman Savings Certificate vs bank FDs: Which is offering higher interest rate?Investors can consider investing in this scheme by investing for a mother or wife or girl child. Compared to many other small savings vehic...
Want to invest for less than one year? Choose from these 5 short-term investment optionsInvesting for short term: Here is a look at five short-term investment options in terms of tenure, returns, liquidity, and taxation.
Want to invest your money for less than one year? Here are three safe investment options to considerHere is a look at three safe investment options you can consider if you want to invest your money for less that one year.
At 7.5%, 5-year post office time deposit (POTD) offers higher interest rate than major bank FDs; should you go for it?Interest rate of post office time deposits (POTD) which matures in five years, has touched 7.5 per cent for the July-September quarter of 2...
Tax-saving FDs or 5-year Post Office Deposits: Which offers higher interest rate?Tax-saving FDs and post office five-year time deposits have a lock-in period of five years. Let's understand how much they offer.
SBI fixed deposit vs Post Office Time Deposits: Which offers higher interest rate?Banks revise fixed deposit interest rates depending on the RBI’s repo rate announcement, while Post Office Time Deposit (POTD) interest rat...
Are HDFC Bank special FDs offering 7.25% interest really special? For just 5 months more, there could be better optionsHDFC Bank offers an interest rate of 7.20 per cent for fixed deposits maturing in 35 months, and 7.25 per cent for deposits maturing in 55 ...
Mahila Samman scheme differs from other post office schemes on 4 counts: Investors should noteIn Budget 2023, the government introduced the Mahila Samman Savings Certificate, 2023. This scheme is designed exclusively for female inves...
POTD 5 years vs tax-saving FDs for senior citizens: Interest rate comparison, tax benefits, premature withdrawalTax-saving FDs and POTDs provide tax benefits under Section 80C of the Income-tax Act of 1961, allowing for a deduction of up to Rs. 1.5 la...
Top 7 investment options for senior citizens who want regular incomeHere are seven popular investment options that senior citizens can consider for a regular income.
Post Office term deposit vs Bank FDs: Highest interest rates for 2-year tenureBank deposits vary according to the tenure of the deposits, many big banks offer interest ranging from 2.5% to 7% for tenure between 7 days...
Post office time deposit premature withdrawal can cost you 48% of the interestWhere banks usually charge a penalty of 0.50-1% for premature withdrawals, for POTD the charge will be much higher as it will depend on how...
FDs vs NCDs vs small savings schemes: Where should you invest now?If you are looking at investing in a fixed income product, here is a look at how small saving schemes stand in comparison to bank FDs and N...
How to open post office time deposit schemePost office time deposit may suit those investors who are ultra conservative and want assured returns with highest safety of the principal.