NEWS & ADVICE : SAVINGS ACCOUNTS
New savings scheme introduced by Post office
By Vaibhav Aggarwal
Jul 11, 2014
Print    Email    RSS   

A new savings scheme is announced, that will help in uplifting the economy by channelizing the common man’s savings. The post office new savings scheme Kisan Vikas Patra (KVP), a National Savings Certificate (NSC) with insurance cover. This scheme will assist the people in fulfilling the needs of girl child like education and marriage, aside of the hiking of PPF investment limit to Rs 1.5 lakh.

The scheme has been reintroduced that will provide a greater support to the people in roping their savings. This is risk free scheme. The scheme is very beneficial even for the senior citizens, it offers the attractive interest rates for them. The scheme provides no limit on the maximum investible amount, free transferability by virtue of being a bearer instrument, absence of TDS. The scheme is also offering the insurance cover, but the postal life insurance is available only for state and PSU employees. Clarity on the scheme for the girl child is also awaited.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Credit profile and its effect on loan...
Carnival of Indian Personal Finance Blogs #6
Savings account portability: How...
Personal Finance for the 21st century...
How to check balance in savings bank account


31349121871 WHAT IS THE ACCOUNT HOLDER NAME WHAT BRANCH
To, Syndicate Bank I want my account statement my...
30717241649 which sbi branch's account number?
How to find the canara bank ifsc code?
Sir my name is ronie fuentes i want to change my old...
How can i change my account mobile number

NEWS THIS WEEK
HDFC bank adjudged as the Best private bank in India Feb 16, 2015
HDFC reported an increase of 20% in its net profit Feb 16, 2015
ICICI bank launched Flash remit facility Feb 13, 2015
BOM launched new savings deposit scheme for HNI customers Feb 12, 2015
BMB bank to have a total of 80 branches by the March end. Feb 10, 2015
News Archive