Bad news for investors!!! The Government of India has cut the interest rate on various small savings schemes. High interest rates for the small savings schemes including Public Provident Fund (PPF) had been cited by banks as the reason for not cutting interest rates in tandem with interest rate cuts from RBI. Their refrain was they cannot reduce interest rates on deposits as … [Read more...] about Government cuts PPF interest rate
small savings scheme
Nothing special about Post Office Monthly Income Scheme
There are a number of us who seek regular income from their investments. This is especially true for retirees. Post offices offer a few schemes that cater to such needs of the investors. In one of the earlier posts, we had discussed Senior Citizens Savings Scheme (SCSS) that offers attractive returns and tax benefits to senior citizens. Post offices offer other products too … [Read more...] about Nothing special about Post Office Monthly Income Scheme