savings

Interest rates on small savings schemes unchanged for first quarter of FY23

Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively.

published on : 31st March 2022

Why 'pay yourself first' is not just a phrase

Paying yourself first does not mean spending money. It means providing for spending money in the future.

published on : 28th March 2022

Board plans 200 mw renewable energy projects in 10 dams

Several corporate investors, including Tata Group & NTPC, participate in tenders; bids for wind energy plants to be opened on February 24.

published on : 22nd February 2022

Madhya Pradesh: Government school teacher donates retirement benefits worth Rs 40 lakh to poor students

Vijay Kumar Chansoriya made the announcement at a programme organised by his colleagues to honour him on his last day at work at a primary school in Khandia on Monday.

published on : 2nd February 2022

Interest rates on small savings schemes unchanged for fourth quarter of FY'22

According to analysts, the government has kept rates intact in view of upcoming assembly elections in five states.

published on : 31st December 2021

Meeting money goals in a post-Covid world

Lower incomes and higher costs have put a dent in the savings and investments of many salaried professionals

published on : 20th September 2021

It is important to pass on financial knowledge to employees

Instead of blaming the government that they are doing nothing - the BFSI - banks, life insurance companies, regulators, etc. one should start

published on : 30th August 2021

2019: A beginner’s guide to stop spending and start saving

The dawn of the new year brings hope and optimism for a fresh start.

published on : 3rd January 2019

Centre raises interest rates on PPF by up to 0.4 per cent

The interest rate for the five-year term deposit, recurring deposit Senior Citizens Savings Scheme has been raised to 7.8, 7.3 and 8.7 per cent, respectively.

published on : 20th September 2018

Government proposes permitting premature closure of Public Provident Fund account

The government proposes to allow premature closure of Public Provident Fund accounts and permit opening of small savings accounts in the name of minor, the finance ministry said today.

published on : 13th February 2018

Invest for returns, not to save tax

Investing is a habit that needs to be developed and the motive should be to generate capital appreciation; the scramble at the end of the financial year to save on tax is to be avoided

published on : 8th January 2018

Aadhaar now a must for post office deposits, Public Provident Fund, Kisan Vikas Patra

The government has given existing depositors time till December 31 to provide the 12-digit unique identification number.

published on : 6th October 2017

Small depositors hit across nation as banks slash savings rate

At a time when banks are flooded with surplus liquidity, margins get squeezed and credit growth continues plunging, more banks are likely to slash interest rates on savings bank accounts.

published on : 6th August 2017

After SBI, Bank of Baroda cuts interest rate on savings account by 50 bps

Effective tomorrow, the interest rate on savings bank balance of up to Rs 50 lakh has been reduced to 3.5 per cent from the current annual 4 per cent.

published on : 4th August 2017

Arun Jaitley defends SBI decision to cut savings account interest rate

The Union Finance Minister said to protect the interests of senior citizens, the government has already floated a deposit scheme that guarantees 8-plus per cent interest rate.

published on : 3rd August 2017
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