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Premature closure of various Post Office Saving Schemes

By   /  August 30, 2013  /  POST OFFICE SCHEMES  /  No Comments

Though there is a provision of closure of scheme with immediate effect on demise of the applicant, premature closure while a person is still alive has some limitations. Let’s have a look at some of the post office schemes premature closure norms: SCHEME Premature Closure NSC Cannot be closed before maturity Saving Bank Can be […]

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All about Recurring Deposit (RD)

By   /  August 28, 2013  /  POST OFFICE SCHEMES  /  No Comments

  Recurring Deposit (RD) Recurring means on a regular interval or after a periodic interval. Recurring deposit or commonly called RD means to deposit a fixed amount in bank or post office at a predetermined fixed rate of Interest. So if you have a regular flow of Income & want to invest this money on […]

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National Saving Certificates (NSC)

By   /  December 30, 2012  /  POST OFFICE SCHEMES, Tax Saving Instrument  /  7 Comments

NSC or National Saving Certificate is a Financial Product that almost every household have in their portfolio. Trust me ask your parents whether they have one & the obvious answer will be YES!!!… People generally buy NSC to save tax u/s 80 C. In this article let’s focus upon the fine prints of this financial […]

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Senior Citizen Saving Scheme (SCSS)

By   /  December 30, 2012  /  POST OFFICE SCHEMES, Tax Saving Instrument  /  18 Comments

    The most common question asked by retired people or the one who are about to retire is where to invest the lump sum money which they will get after retirement. If used in a planned way, SCSS will prove to be your best investment after  retirement. You also get rebate u/s 80 C […]

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Post Office Monthly Income Scheme

By   /  December 29, 2012  /  POST OFFICE SCHEMES  /  8 Comments

This scheme is for for all those people who want to receive a fixed amount per month by investing a lump sum amount. Where to open: Post Office Monthly Income Scheme (POMIS) can be opened in all the post offices across India offering post office saving account. The depositor shall be given a passbook. The passbook shall be […]

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Public Provident Fund (PPF)

By   /  December 28, 2012  /  POST OFFICE SCHEMES, Tax Saving Instrument  /  9 Comments

  It’s the most recognized tax saving tool in India for both salaried & self employed persons. The BIG Question is why to invest here or should you even invest in it. No doubt the answer is YES because if you fall in the preview of income tax than you can save tax u/s 80 C by investing […]

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