Mutual Fund story Once upon a time, there was a little girl named Kareena who wanted to save up money to buy a new bike. She had heard that there was a special way to save money faster, called a mutual fund. Kareena’s mom explained that a mutual fund is a kind of investment where […]
What are Exchange Traded Funds (ETFs)? Exchange Traded Funds (ETFs) are investment vehicles that track the performance of a particular index, sector, or asset class. ETFs are traded on exchanges, just like stocks, and can be bought and sold throughout the trading day. ETFs offer investors the opportunity to diversify their portfolio, as they can
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Who Can Open (i) a single adult(ii) Joint Account (up to 3 adults) (Joint A or Joint B))(iii) a guardian on behalf of minor/ person of unsound mind(iv) a minor above 10 years in his own name. Rules about deposit amount (i) Account can be opened with minimum of Rs. 1000 and in multiple of
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Effective 01-Jan-2023 Sl.No. Instruments Rate of interest w.e.f 01.10.2022 to 31.12.2022 Compounding Frequency* 01. Post Office Savings Account 4.0 Annually 02. 1 Year Time Deposit 6.6 Quarterly 03. 2 Year Time Deposit 6.8 Quarterly 04. 3 Year Time Deposit 6.9 Quarterly 05. 5 Year Time Deposit 7 Quarterly 06. 5 Year Recurring Deposit Scheme 5.8
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What is Sukanya Samriddhi Scheme? The Sukanya Samriddhi Scheme is a savings and investment option offered by the government of India through the India Post Office. It is a long-term investment option that allows individuals to earn a fixed rate of interest on their savings, and is specifically targeted towards the financial security and education
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What is Post Office Savings Account? The Post Office Savings Account is a savings and investment option offered by the government of India through the India Post Office. It is a safe and secure investment option that allows individuals to earn a fixed rate of interest on their savings. The Post Office Savings Account is
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What is Post Office Recurring Deposit (RD) Account? The Post Office Recurring Deposit (RD) Account is a savings and investment option offered by the government of India through the India Post Office. It is a long-term investment option that allows individuals to earn a fixed rate of interest on their savings. The RD account is
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What is Kisan Vikas Patra (KVP)? Kisan Vikas Patra (KVP) is a savings instrument offered by the government of India through the India Post Office. It is a long-term investment option that allows individuals to earn a fixed rate of interest on their savings. The KVP is a bearer instrument, which means that it is
What is National Savings Certificate (NSC)? The National Savings Certificate (NSC) is a government-backed investment option offered by the Ministry of Finance in India. It is a fixed-income instrument that allows individuals to earn a fixed rate of interest on their savings. The NSC is a tax-saving investment option, as the contributions made to the
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What is Public Provident Fund (PPF)? The Public Provident Fund (PPF) is a long-term savings scheme offered by the government of India. It is a savings and investment vehicle that allows individuals to set aside a portion of their income for the future, while also earning a decent rate of interest on their savings. The
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