Today government hiked interest rates of schemes operating under Post Office. So let us look what are the changes and how much is increased and what is the effective rate for you after compounding.
These revised rates will be effective from next financial year (1st April 2012). These changes are the effects of Shymala Gopinath committee. Also good news about the recommendations of this committee is that, now onward interest will be revised on yearly base š For your information, based on this committee recommendations government introduced 10 yr NSC and 5 yr NSC (Previously NSC was 6 Yrs). Raise in PPF yearly contribution limit from Rs.70,000 to Rs.1,00,000 was also recommendation of this committee. So good news for the investors and government is also making it’s effort to make Post Office Schemes as attractive avenue of investments. Happy investment !!!
4 Responses
HOW CAN I TAKE MORE BENEFIT BY INVESTMENT IN POST OFFICE SCHEME. I MEAN ABOUT MY PLANNING, MY INCOME 4.8 LAKH YEARLY.
DEEPENDRA SINGH TOMAR
Deependra-Each product is unique, whether it is Post Office Schemes or any other products. So how can I say that which products suites to you without knowing your financial goals and understanding you?
50000.00 Rupees 10 years fixe deposit how much interest
Bidyut-What type of deposit your are asking? Is it Postal Schemes or Bank FDs??