Small savings schemes: The government reviews interest rates of small savings schemes quarterly. Here is ...More

Small savings schemes: The government reviews interest rates of small savings schemes quarterly. Here is a list of small savings schemes offering interest rates between 7.5% and 8.2% for October - December 2024. ...Less

Sukanya Samriddhi Yojana latest guidelines: The government has directed all post offices to take immediat ...More

Sukanya Samriddhi Yojana latest guidelines: The government has directed all post offices to take immediate steps to identify such accounts and notify account holders of the approved rules via all channels. Here are the latest guidelines for Sukanya Samriddhi Accounts that investors need to follow. ...Less

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Small savings rules: The Ministry of Finance is responsible for overseeing small savings accounts. Any un ...More

Small savings rules: The Ministry of Finance is responsible for overseeing small savings accounts. Any unusual accounts must be sent to this department to be brought into compliance by the Ministry of Finance, as per the regulation. Six specific categories have been defined, and appropriate instructions have been provided. ...Less

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Latest Sukanya Samriddhi Yojana interest rate: The SSY is a government-backed small deposit savings schem ...More

Latest Sukanya Samriddhi Yojana interest rate: The SSY is a government-backed small deposit savings scheme to benefit a girl child. ...Less

PPF, SCSS, Sukanya Samriddhi interest in July-September 2024: The government is likely to announce the in ...More

PPF, SCSS, Sukanya Samriddhi interest in July-September 2024: The government is likely to announce the interest rates of Public Provident Fund (PPF), Senior Citizen Savings Schemes (SCSS), National Savings Certificate (NSC), Sukanya Samriddhi Yojana (SSY), Post Office Monthly Income Scheme (POMIS) and other small savings schemes for the July-September quarter 2024 by June 30, 2024. Will the government finally make PPF investors happy this time? Will Centre increase the interest rates of SCSS, NSC, Sukanya Samriddhi Yojana and other other small savings schemes for the July-September quarter 2024? Know what experts suggest ...Less

Who can open Sukanya Samriddhi Yojana (SSY) account ...More

Who can open Sukanya Samriddhi Yojana (SSY) account ...Less

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Sukanya Samriddhi Yojana contribution: The rules for interest calculation for deposits made in Public Pro ...More

Sukanya Samriddhi Yojana contribution: The rules for interest calculation for deposits made in Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) are same. Individuals having SSY account for their girl children should remember the deposit date to earn higher tax exempt income. If one is not careful of their deposit date, then one can lose month's interest rate. ...Less

Families with a girl child under the age of 10 are increasingly opting for SSY accounts. SSY enjoys a rel ...More

Families with a girl child under the age of 10 are increasingly opting for SSY accounts. SSY enjoys a relatively higher interest rate and sets aside a corpus that can be used for the daughter’s education or marriage. ...Less

Income tax saving: Sukanya Samriddhi Yojana (SSY) can help you with a tax deduction of up to Rs 1.5 lakh ...More

Income tax saving: Sukanya Samriddhi Yojana (SSY) can help you with a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income-tax Act, 1961. It offers an attractive interest rate of 8.2% for the January to March quarter of 2024. What are the benefits and limitations of SSY? ???How much money can you make from this popular post office scheme? ...Less

Latest small savings schemes interest rates: The government has left the interest rates on small savings ...More

Latest small savings schemes interest rates: The government has left the interest rates on small savings schemes for the quarter ending June 30, 2024. Latest interest rates of PPF, Sukanya Samriddhi Yojana, Senior Citizen Saving Scheme, NSC, and other post office schemes. ...Less

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Small savings scheme: Do you need to submit Aadhaar mandatorily in order to invest in small savings schem ...More

Small savings scheme: Do you need to submit Aadhaar mandatorily in order to invest in small savings scheme? The answer is yes. According to a notification by the Ministry of Finance, Aadhaar is now mandatory for investing in PPF, SSY, NSC, and other small saving schemes. ...Less

How to invest in PPF: Those investing in the Sukanya Samriddhi Yojana (SSY) and the Public Provident Fund ...More

How to invest in PPF: Those investing in the Sukanya Samriddhi Yojana (SSY) and the Public Provident Fund (PPF) should ensure that their contributions are deposited into the accounts before April 5 in order to maximize returns for the ongoing financial year, 2024-25. ...Less

Sukanya Samriddhi Yojana: 8 features that makes SSY attractive investment option ...More

Sukanya Samriddhi Yojana: 8 features that makes SSY attractive investment option ...Less

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Note that only one SSY account can be opened in the name of the girl child either by natural or legal gua ...More

Note that only one SSY account can be opened in the name of the girl child either by natural or legal guardian. Interest rate on Sukanya Samridhi Yojana (SSY) is revised every quarter by the government. ...Less

Tax-saving ideas: Particularly for individuals in higher income tax brackets, the taxability of investmen ...More

Tax-saving ideas: Particularly for individuals in higher income tax brackets, the taxability of investment returns becomes pivotal. Taxable returns are added to your income and subject to higher tax rates. ...Less

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Sukanya Samriddhi Yojana (SSY): Interest on SSY is credited to the account at the end of each financial y ...More

Sukanya Samriddhi Yojana (SSY): Interest on SSY is credited to the account at the end of each financial year and is based on the prevailing interest rate announced by the government for each quarter. For January 2024-March 2024 quarter the interest on SSY is 8.2%. Read here to know how the interest on SSY is calculated. ...Less

A look at the minimum money that individual must deposit in Public Provident Fund (PPF), Sukanya Samriddh ...More

A look at the minimum money that individual must deposit in Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) and National Pension System (NPS) accounts in before March 31, 2024 to avoid having to pay a penalty. ...Less

Post office scheme interest rates: The government has hiked the interest rates for Sukanya Samriddhi Yoja ...More

Post office scheme interest rates: The government has hiked the interest rates for Sukanya Samriddhi Yojana and on select Post Office time deposits for the January-March 2024 quarter. The government assesses the interest rates of small savings schemes on a quarterly basis. ...Less

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ET Wealth annual ranking of tax-saving instruments helps such individuals make the right choices. We asse ...More

ET Wealth annual ranking of tax-saving instruments helps such individuals make the right choices. We assessed 10 tax-saving options on eight key parameters—returns, safety, flexibility, liquidity, costs, transparency, ease of investment and taxability of income. Each parameter has equal weightage and the composite scores determine the place in the ranking. ...Less

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This program will help parents to fund their girl child’s higher education and/or marriage as well as ens ...More

This program will help parents to fund their girl child’s higher education and/or marriage as well as ensure her financial future because it offers guaranteed interest income and tax deductions. ...Less

Investing in Sukanya Samriddhi Yojana: You can open an SSY deposit with a minimum deposit of Rs 250. The ...More

Investing in Sukanya Samriddhi Yojana: You can open an SSY deposit with a minimum deposit of Rs 250. The maximum deposit amount can be up to Rs 1.5 lakh. ...Less

The amended Senior Citizen's Savings (Fourth Amendment) Scheme, 2023, now allows depositors to extend the ...More

The amended Senior Citizen's Savings (Fourth Amendment) Scheme, 2023, now allows depositors to extend their accounts multiple times upon maturity to benefit from its attractive interest rates for a longer period. The ministry has also amended the rules to allow premature closure of PPF account and changed the rules governing premature withdrawal under the National Savings Time Deposit scheme. ...Less

Canara Bank customers can now credit their Public Provident Fund and Sukanya Samriddhi Yojana accounts ma ...More

Canara Bank customers can now credit their Public Provident Fund and Sukanya Samriddhi Yojana accounts maintained at Canara Bank with this new facility. ...Less

The Sukanya Samriddhi scheme aims to cover a girl child's costs for schooling and marriage. Interest rate ...More

The Sukanya Samriddhi scheme aims to cover a girl child's costs for schooling and marriage. Interest rate on Sukanya Samriddhi is set by the government along with other small savings schemes. ...Less

Will the interest rates of PPF, Sukanya Samriddhi Account, Senior Citizens Savings Schemes (SCSS) go up i ...More

Will the interest rates of PPF, Sukanya Samriddhi Account, Senior Citizens Savings Schemes (SCSS) go up in December quarter? The Central Government reviews the interest rates of small savings schemes every quarter based on the G-Secs yields of the previous three months. To know whether there will be a hike in post office schemes for the October-December quarter, you need to understand how the interest rates are calculated first. There are set formulae for mark-ups over the previous three months’ average yield of relevant G-Secs of comparable maturity. Find out what experts suggest. ...Less

A girl child's natural or legal guardian can open an account in her name under the Sukanya Samriddhi sche ...More

A girl child's natural or legal guardian can open an account in her name under the Sukanya Samriddhi scheme. SSY offers a significant tax-free return. ...Less

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Only parents of a girl under the age of 10 years can open an SSY account. There is no such restriction fo ...More

Only parents of a girl under the age of 10 years can open an SSY account. There is no such restriction for a PPF account. ...Less

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The current rate of interest is 7.6% per annum, calculated on a yearly basis and compounded annually. ...More

The current rate of interest is 7.6% per annum, calculated on a yearly basis and compounded annually. ...Less

Sukanya Samriddhi Yojana account holders anticipate an increase in the SSY interest rate in due to recent ...More

Sukanya Samriddhi Yojana account holders anticipate an increase in the SSY interest rate in due to recent repo rate increases by the Reserve Bank of India and rising inflation. ...Less

This programme will help parents to fund their girl child’s higher education and/or marriage as well as e ...More

This programme will help parents to fund their girl child’s higher education and/or marriage as well as ensure her financial future because it offers guaranteed interest income and tax deductions. ...Less

The interest will be calculated for the calendar month based on the account's lowest balance between the ...More

The interest will be calculated for the calendar month based on the account's lowest balance between the fifth day's close and the end of the month. At the end of each fiscal year, interest will be credited to the account. ...Less

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Sukanya Samriddhi Yojana (SSY): Tax benefits, Interest rate, other details ...More

Sukanya Samriddhi Yojana (SSY): Tax benefits, Interest rate, other details ...Less

Sukanya Samriddhi Yojana: 3 instances when you can prematurely withdraw from SSY account ...More

Sukanya Samriddhi Yojana: 3 instances when you can prematurely withdraw from SSY account ...Less

Can Sukanya Samriddhi Yojana be closed before maturity ...More

Can Sukanya Samriddhi Yojana be closed before maturity ...Less

There are several schemes — investment options and other incentives — that the central government and the ...More

There are several schemes — investment options and other incentives — that the central government and the state governments offer for children, especially daughters. Here are five government schemes for a girl child ...Less

For India, this could make things difficult to set a nominal gross domestic product (GDP) number signific ...More

For India, this could make things difficult to set a nominal gross domestic product (GDP) number significantly higher than 10 per cent, with a deflator about 3.5 per cent. But this could also mean a higher GDP growth than anticipated at about 6.2 per cent, he said. He also said the fiscal deficit of the Indian government for FY23 will be about Rs.17.5 lakh crore. ...Less

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The government has hiked the interest rates of a few small savings schemes by between 20 bps and 110 bps ...More

The government has hiked the interest rates of a few small savings schemes by between 20 bps and 110 bps for the January-March 2023 quarter. Here is a look at the interest rates on various small savings schemes for the fourth quarter of FY 2022-23. ...Less

Sukanya Samriddhi Yojana, also known as SSY, is a welfare initiative for girls with the goal of improving ...More

Sukanya Samriddhi Yojana, also known as SSY, is a welfare initiative for girls with the goal of improving their lives with financial assistance. A girl kid aged 10 or younger can receive financial security from parents or legal guardians by investing SSY. ...Less

You can receive section 80C income tax benefits and tax-free returns by investing in the SSY program. The ...More

You can receive section 80C income tax benefits and tax-free returns by investing in the SSY program. The deposit amount can range between Rs 250 and Rs 1.5 lakh for the fiscal year. ...Less

The Public Provident Fund and Sukanya Samriddhi are two prominent small savings schemes that must be main ...More

The Public Provident Fund and Sukanya Samriddhi are two prominent small savings schemes that must be maintained by making yearly minimum contributions. Here is the procedure for transferring funds from a bank account to a PO Savings Account, a PPF account, or an SSA. ...Less

The Sukanya Samriddhi Account is a government-sponsored programme designed to provide a bright future for ...More

The Sukanya Samriddhi Account is a government-sponsored programme designed to provide a bright future for your girl child. ...Less

With the addition of the e-passbook feature, customers of Post Office Small Savings will have access to t ...More

With the addition of the e-passbook feature, customers of Post Office Small Savings will have access to their account information whenever they want, from any location, and without the need for Net Banking or Mobile Banking access. ...Less

The International Day of the Girl Child is celebrated every year on October 11. The day focuses attention ...More

The International Day of the Girl Child is celebrated every year on October 11. The day focuses attention on the need to address the challenges girls face and to promote girls’ empowerment and the fulfilment of their human rights, as per the United Nations. ...Less

The Sukanya Samriddhi Yojana was established to help parents save money for their daughters' future marri ...More

The Sukanya Samriddhi Yojana was established to help parents save money for their daughters' future marriage and education costs. ...Less

This trend of replicating the 'good old days' is also echoed in many of GoI's inclusive policy programmes ...More

This trend of replicating the 'good old days' is also echoed in many of GoI's inclusive policy programmes that are empowering people at the lowest economic strata, and women in particular. Businesswomen across the hinterland are offering financial services, payment advisory, teaching lessons in financial planning and the virtues of small savings. ...Less

A parent or guardian is allowed to open only two SSY accounts except in the case of twins at the time of ...More

A parent or guardian is allowed to open only two SSY accounts except in the case of twins at the time of second birth or in case of triplets. ...Less

The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme for girls. At present, SSY offer ...More

The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme for girls. At present, SSY offers the highest tax-free return with sovereign guarantee and comes with an EEE status. ...Less

Parents or guardians can open a Sukanya Samriddhi Yojana account with SBI by filling out the SSY account ...More

Parents or guardians can open a Sukanya Samriddhi Yojana account with SBI by filling out the SSY account opening form along with address and ID proof of parents or guardians with the initial amount and submit it at the nearest SBI branch. ...Less

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by o ...More

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts. ...Less

Now that government bond yields have gone up significantly, the government might hike the small savings r ...More

Now that government bond yields have gone up significantly, the government might hike the small savings rates. Whether this hike will be as per the Gopinath committee formula is yet to be seen. ...Less

With the current rate of interest at 7.6%, the scheme encourages parents to set up money for their female ...More

With the current rate of interest at 7.6%, the scheme encourages parents to set up money for their female child's future schooling and marriage expenditures. The SSY account can be opened at any post office or a commercial bank's authorised branch. ...Less

Sukanya Samriddhi Yojana investments are eligible for deductions under Section 80C of the Income Tax Act, ...More

Sukanya Samriddhi Yojana investments are eligible for deductions under Section 80C of the Income Tax Act, 1961, up to a maximum of Rs 1,50,000. In addition, the interest earned, and the amount received at maturity of this scheme are tax-free. ...Less

Here is a look at the interest rates of various small savings schemes for the second quarter of FY 2022-2 ...More

Here is a look at the interest rates of various small savings schemes for the second quarter of FY 2022-23. ...Less

A Sukanya Samriddhi Account can be opened any time after the birth of a girl till she turns 10, with a mi ...More

A Sukanya Samriddhi Account can be opened any time after the birth of a girl till she turns 10, with a minimum deposit of Rs 250. ...Less

The advise given is based on the performance of the funds, the investor's risk profile, and his financial ...More

The advise given is based on the performance of the funds, the investor's risk profile, and his financial objectives. The Portfolio Doctor evaluates the fund portfolio's health, analyses the schemes and their goals suitability, and, if necessary, makes recommendations for corrective action. ...Less

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Here is a look at the interest rates on small savings schemes like PPF, NSC, SSY for the first quarter (A ...More

Here is a look at the interest rates on small savings schemes like PPF, NSC, SSY for the first quarter (Apr-June) of FY2022-23. ...Less

SSY account for girl child: A Sukanya Samriddhi Account can be opened any time after the birth of a girl ...More

SSY account for girl child: A Sukanya Samriddhi Account can be opened any time after the birth of a girl till she turns 10 by the guardian. The account can be opened in any post office or authorised branches of commercial banks. Read on everything you need to know about opening Sukanya Samriddhi account for your girl child. ...Less

Replying to a debate in the Rajya Sabha on the supplementary spending for the current fiscal, she said th ...More

Replying to a debate in the Rajya Sabha on the supplementary spending for the current fiscal, she said the decision to lower interest rate was taken by the central board of the provident fund managing body, EPFO, which has representatives of all stakeholders including employees' unions. ...Less

As per the ministry circular, for the Oct-Dec quarter, PPF will continue to earn 7.10%, the NSC will fetc ...More

As per the ministry circular, for the Oct-Dec quarter, PPF will continue to earn 7.10%, the NSC will fetch 6.8%, and Post Office Monthly Income Scheme Account will earn 6.6%. ...Less

Account holders must visit the post office or bank where their primary account is held to transfer Sukany ...More

Account holders must visit the post office or bank where their primary account is held to transfer Sukanya Samriddhi Yojana (SSY) account from one another bank. Unless she is managing the accounts herself, the girl child does not need to be present at the branch. ...Less

Here is a look at the minimum amount you need to invest in tax-saving schemes to keep them active and wha ...More

Here is a look at the minimum amount you need to invest in tax-saving schemes to keep them active and what happens if you do not make the minimum contribution. ...Less

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An account opening form available at the post office must be filled by the customer along with the KYC fo ...More

An account opening form available at the post office must be filled by the customer along with the KYC form. The customer also needs to indicate the preferred scheme. Nomination is mandatory to register a nomination at the time of opening the account. Customers can make a nomination for up to four individuals. ...Less

There are many tools for teaching concepts about money, investing, and the power of compounding and some ...More

There are many tools for teaching concepts about money, investing, and the power of compounding and some of the ways of going about it are discussed below. ...Less

The interest rate offered is usually higher in case of SSY. On the other hand, PPF allows one to earn tax ...More

The interest rate offered is usually higher in case of SSY. On the other hand, PPF allows one to earn tax-free interest without any constraints in terms of investments, has a shorter lock-in and allows a longer investment horizon. ...Less

Below we answer questions related to who can invest in the scheme, how to open an account in the scheme, ...More

Below we answer questions related to who can invest in the scheme, how to open an account in the scheme, how much can be invested etc. ...Less

To keep the account active, a minimum contribution of Rs 250 is mandatory in each financial year. Maximum ...More

To keep the account active, a minimum contribution of Rs 250 is mandatory in each financial year. Maximum investment allowed per annum under the Sukanya Samriddhi Yojana is Rs 1.5 lakh up to the end of 15th year from the opening of the account. ...Less

Though there are no major changes in the new Sukanya Samriddhi Yojana scheme rules 2019, however, you sho ...More

Though there are no major changes in the new Sukanya Samriddhi Yojana scheme rules 2019, however, you should know about the small modifications that have been made. Here are five changes that have been made to the Sukanya Samriddhi Yojana Scheme. ...Less

Education and marriage of their daughters are key financial goals for most Indian parents. Find out the b ...More

Education and marriage of their daughters are key financial goals for most Indian parents. Find out the best instruments that can help you reach them. ...Less

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Investors in PPF and Sukanya Samriddhi Yojana will see the impact immediately as lower rates will be appl ...More

Investors in PPF and Sukanya Samriddhi Yojana will see the impact immediately as lower rates will be applicable on accumulated balance. However, investments made in NSC, SCSS and others prior to the announcement would be shielded from the cut. ...Less

Keep in mind that foregoing the deductions under Section 80 must not make you abandon certain instruments ...More

Keep in mind that foregoing the deductions under Section 80 must not make you abandon certain instruments. ...Less

Your PF, existing mutual funds, fixed return schemes and stocks will help you increase your overall capit ...More

Your PF, existing mutual funds, fixed return schemes and stocks will help you increase your overall capital over time. Increased capital can also be utilised to raise monthly cash inflow. ...Less

The account can be opened when the girl child is below 10 and matures when she is 21. One can transfer th ...More

The account can be opened when the girl child is below 10 and matures when she is 21. One can transfer the account opened in a post office to a bank and vice versa. ...Less

A depositor can open and operate only one account in the name of the girl child under the Sukanya Samridd ...More

A depositor can open and operate only one account in the name of the girl child under the Sukanya Samriddhi Account Rules, 2016 ...Less

Here are 9 tax-related tasks you should complete before the March 31 deadline to avoid financial hardship ...More

Here are 9 tax-related tasks you should complete before the March 31 deadline to avoid financial hardships. ...Less

Your child's education corpus depends on various investment factors. ET Wealth calculated the monthly inv ...More

Your child's education corpus depends on various investment factors. ET Wealth calculated the monthly investment needed if you want a corpus of Rs 50 lakh for this goal. ...Less

If you are in a spot as to where you should invest, read on to find about the three financial products yo ...More

If you are in a spot as to where you should invest, read on to find about the three financial products you can consider for your child's long-term needs. ...Less

Find out how to secure your children’s future by taking the right money decisions and opting for appropri ...More

Find out how to secure your children’s future by taking the right money decisions and opting for appropriate investing avenues. ...Less

Every time markets fall, investors flock to fixed income options. Though small savings rates have been hi ...More

Every time markets fall, investors flock to fixed income options. Though small savings rates have been hiked, don’t go overboard investing in them. ...Less

This is a welcome relief for fixed income investors as rates have remained unchanged for previous 2 quart ...More

This is a welcome relief for fixed income investors as rates have remained unchanged for previous 2 quarters. ...Less

A plethora of investment options in market makes it difficult to choose where to invest. To simplify your ...More

A plethora of investment options in market makes it difficult to choose where to invest. To simplify your decision, here is a list of popular investment options. ...Less

The Sukanya Samriddhi Yojana account can be opened by the legal or natural guardian in the name of the gi ...More

The Sukanya Samriddhi Yojana account can be opened by the legal or natural guardian in the name of the girl child up to the age of 10 years. ...Less

Here are seven fixed-income, tax-saving avenues for someone who does not want to take much risk with thei ...More

Here are seven fixed-income, tax-saving avenues for someone who does not want to take much risk with their investment and want just assured returns. These tax savers can help you save tax if you opt for old tax regime in current FY 2021-22. ...Less

With bond yields rising consistently over past nine months, interest rates for PPF and other schemes may ...More

With bond yields rising consistently over past nine months, interest rates for PPF and other schemes may be hiked by 15-20 bps. ...Less