Saving Schemes

Union Budget 2023: SCSS, MIP investment limit doubled, new scheme for women

Mahila Samman Saving Certificate to be available for two years till March 2025, offers 7.5% return, with provision for partial withdrawal

Govt hikes interest rate on NSC, senior citizen savings scheme from Jan 1

The government on Friday hiked the interest rates on small deposits -- including post office term deposits, NSC and senior citizen savings scheme -- by up to 1.1 percentage points from January 1, in line with firming interest rates in the economy. However, the interest rates on Public Provident Fund (PPF) and the girl child savings scheme Sukanya Samriddhi has not been changed. National Savings Certificate (NSC) will yield a 7 per cent interest rate from January 1, compared to 6.8 per cent at present. Similarly, the senior citizen savings scheme will give 8 per cent interest against 7.6 per cent currently. Interest rates on Post office term deposit schemes of duration 1 to 5 years will rise by up to 1.1 percentage points. The monthly income scheme too will yield 7.1 per cent interest, up from 6.7 per cent.

Active or passive ELSS? Investment advisors divided over clear winner

Some see potential in the newly introduced passive option, other see promise in active ELSS

Pension plans: Stagger annuity purchases as returns improve with age

Buying in tranches will also help you deal with interest-rate risk

Rate reversal: West Bengal contributes most to National Small Saving Fund

In 2017-18, West Bengal accounted for 15 per cent of the total contributions made to the NSSF; its share increased from 12.4 per cent in 2007-08

If you want higher returns, and are prepared for volatility, opt for NPS

But be ready for lock-in till the age of 60, volatility, mandatory annuitisation

Govt may cut interest rates on PPF, other small savings schemes: Report

The finance ministry has been nudging public sector banks to pass the whole repo rate cuts to retail loans for pushing consumption

Bank savings account, fixed deposit or debt fund - the better option?

The savings bank rate and the debt fund rate of return are variable and market-driven

Why retirees should opt for savings scheme, and not aggressive hybrid funds

If you were mis-sold this product with the promise of regular dividend, you should exit it

MF group pitches for debt-linked saving schemes with tax benefits in Budget

It further proposed that investments up to Rs 1.5 lakh under DLSS be eligible for tax benefit, subject to a lock in period of 5 years.

Govt may cut interest rates of small savings schemes for July-Sept quarter

For some schemes the cut may be 30-50 bps; not all will be affected

These schemes can help you to secure your domestic help's financial future

She can achieve her goals if you help her invest a few hundreds out of her monthly salary in specific insurance and investment products