Today Government announced interest rates of various Post Office Saving Schemes for 2014-15. These changes will come into effect from 1st April 2014 to 31st March 2015.
Below I listed the revised interest rates with previous year rates for your easy understanding.
You notice that only Term Deposit and Postal Recurring Deposit interest rates are hiked. But no changes were done to NSC, PPF, MIS and for SCSS.
Government revises these rates on yearly base as per recommendation of Shyamala Gopinath Committee. Usually these rates were arrived to align G-Sec rates. Even though interest rates looks attractive but still you need to think post tax returns from each scheme before proceeding for investment.
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What is the rate of interest for 2021 April to jun 2021?
Dear Panda,
Wait for the announcement.
Is there any lock in period for POIMS investment in the post office saving scheme.
sir,
maine august 2014 ko post office mai RD khulwaai thi jo mai pure 5 year chalana chahta tha lekin mujhe paise ki jarurat thi to maine 3 year 1 mahina yaani 37 kist 3000 rs. par month ke hisaab se 111000 rs. jama kiya ab mujhe 37 month mai kitna interest milega. pls. help
Reply
Pushpendra-Check with Post Office.
Sachin-You refer my earlier post "Post Office Savings Schemes (RD, NSC, MIS, SCSS)-Premature closure rules".
Hello,
In the Mahila Pradhan Kshetriya bachat yojana of Post Office, the agent commission is 4% while for other schemes it is around 1%. Why is there so much difference? Kindly explain
Deepak-I am not the right person to answer. Because it is purely Post Office decision regarding setting the commission to agents. I think RD also provides higher commission to lady agents.
Dear Sir,
I want to invest 43000.00 Per Month for 5 years,Which is the best option for me.It must be secure of nature, So that the Minimum Return must be 30 to 40 Lac.
Sanjeev-May I know the definition of YOUR secure in nature? Do you know how much % of return is called secure in today's interest rate cycle? Also, do you know how much % of return you are expecting?
Is there any one year rd scheme in post office?
Nithya-NO.
Dear Mr Basavaraj
i am 63 years old , my annual income is 7,20,000 / Annam
what are the saving scheme I should adopt to save Income tax
with regards
Chandrashekhar-There are many tax saving instruments available in the market. However, which suites to you will depend on YOU.
Sir, Iam 40 yrs old and looking for online Term insurance. Which term insurance should i select? pl guide.
Arunkumar-Please read my earlier post "Best online Term Insurance Plans in India for 2015-A comparative list".
Hi,I am 28 years unmarried and want to take investment Plan for less than 5 years,kindly suggest me best plan, I can spand 6k to 8K per months .
I want Postal Fixid Deposoit
Sudhir-Either opt for RDs or Debt Funds.
whats is Mahila Pradhan Kshetriya Bachat Yojana (MPKBY). whats would be the interest rate and period .. could u guide me please..
Sneha-I need to check it out. Please provide me sometime.
Hlo Sir,
I am 27 yrs old unmarried person.My income is 3 lac per yr.
I havnt any saving scheme or policy.
I want to have one.
So pls tell me which one is best in respect of high returns and in what time: NSC,LIC,PPF,FD or any other.?
Malkeet-Products you mentioned are all low yielding. So if your time horizon is long term, like more than 5-7 years then why can't opt for mutual funds? At the same time don't forget to buy term insurance on your life.
Thanx for reply sir...????
Pls recommend me that which mutual fund is best and approx what returns are.
Also which term insurance should I buy.?
Again thanx sir g....
Malkeet-Please read my earlier posts "Best 10 Mutual Funds to Invest in India for 2014" and "Best Term Insurance plans in India (After 1st Jan 2014)" which helps you in shortlisting the funds and term insurance.