Knowledge Base

The Post Office has been a trusted place for depositing and transacting with money. This is especially true for the elder generation. A number of saving schemes are offered by branches of the Post Office across the country. Post Office Monthly Income Scheme is one such scheme where you invest a certain amount and earn […]

SCSS is a savings product available for senior citizens aged 60 or above. On the date of opening an SCSS account, the subscriber must be 60 years old or above. However, age relaxation is provided to certain categories of individuals. With the SCSS account, senior citizens can receive quarterly interest on deposits up to Rs.

The Public Provident Fund (PPF) scheme is a very popular long-term savings scheme in India because of its combination of tax savings, returns, and safety. The PPF scheme was launched in 1968 by the Finance Ministry’s National Savings Institute. The main objective of the scheme is to help individuals make small savings and provide returns

Kisan Vikas Patra is a certificate scheme from the Indian post office. It doubles a one-time investment in a period of approximately 10 years & 4 months (124 months) if you purchase the certificate between 1 July 2021 and 30 September 2021. A savings certificate scheme, Kisan Vikas Patra (KVP) was originally launched in the

National Pension System (NPS) is a retirement benefit Scheme introduced by the Government of India to facilitate a regular income post retirement to all the subscribers. PFRDA (Pension Fund Regulatory anti-Development Authority) is the governing body for NPS. The scheme encourages people to invest in a pension account at regular intervals during the course of

Term life insurance, also known as pure life insurance, is a type of life insurance that guarantees payment of a stated death benefit if the covered person dies during a specified term. Once the term expires, the policyholder can either renew it for another term, convert the policy to permanent coverage, or allow the term

The National Savings Certificate (NSC) is a fixed Income Investment scheme that you can open with any post office branch. The scheme is a Government of India initiative. It is a savings bond that encourages subscribers mainly small to mid-income investors — to invest while saving on income tax. A fixed income scheme that can