India Post offers a range of savings schemes, providing secure and government-backed investment opportunities for individuals across the country. These schemes, designed for urban and rural investors, ensure your funds remain safe while offering decent returns. Below, we’ll explore the key savings schemes available through India Post, their interest rates, and how you can benefit … Read more
Have you heard about the Kisan Vikas Patra (KVP) scheme offered by the post office? There might be some confusion about who can invest in it. Everyone is looking to save a lot of what they earn. They decide how much to save based on their income. But many parents save for their children’s future. … Read more
The Indian central government has announced an exciting initiative for women nationwide. Under this scheme, ₹7,000 will be deposited into their accounts monthly. This program, aimed at benefiting women, is known as the Bima Sakhi Yojana. Bima Sakhi Yojana The government frequently introduces various programs for public welfare, particularly for women’s empowerment. One such initiative … Read more
Unique scheme for women: Mahila Samman Savings Certificate (MSSCS): The Modi-led central government has introduced several schemes to empower and financially support women. One of the well-received schemes is the ‘Sukanya Samriddhi Yojana.’ However, women who have turned 18 are not eligible to invest in this scheme. In response, the central government announced a new … Read more
Getting a stable income after retirement is very important, but where you invest your money also matters significantly. Should you invest in a Systematic Investment Plan (SIP) in mutual funds, or is it more beneficial to invest in government schemes? Let’s explore the options. If you’re considering investing the funds received from retirement into a … Read more
Prime Minister Narendra Modi recently announced the Unified Pension Scheme (UPS) for government employees, emphasizing its pivotal role in ensuring workers’ financial security. The UPS guarantees 50% of the average basic pay for the 12 months prior to retirement as a pension, along with additional benefits such as family pension, minimum pension, and inflation adjustments. … Read more
The number of people saving money is on the rise. Individuals increasingly set aside a portion of their income, regardless of its amount, to meet changing financial and future needs. Various saving schemes are available to assist them in this effort. One notable option is the “Har Ghar Lakhpati” recurring Deposit Scheme offered by SBI, … Read more
Post offices offer several popular schemes, including significant benefits for senior citizens. One such scheme allows you to receive a monthly income of 20,000 rupees or more. This guaranteed fixed income is substantial for retirees to cover their basic expenses. The scheme, known as the Senior Citizen Savings Scheme, is available specifically for individuals over … Read more
The Center recently announced good news for senior citizens. Under the Ayushman Bharat scheme, free health insurance coverage of up to Rs. 5 lakh will be provided. Registering for this program is straightforward, ensuring ease for all seniors. The government offers this free coverage to seniors 70 years of age and older, regardless of their … Read more
On World Senior Citizens Day, let’s explore some investment options that offer financial security to senior citizens. These investment schemes can provide a steady income during retirement, ensuring a smooth financial life for seniors. If you have senior citizens, consider investing in one of these four schemes in their name. Senior Citizen Bank Deposits: Most … Read more