Savingwala

Gold Coins

Posted on October 16th, 2008 in Indian Postoffice Savings

With its launch by A Raja, Minister for Communications and Information Technology, the Post Offices have started selling 24 carat gold coins from October 15, 2008. The sale will be available in over 100 India Post outlets in Delhi, Tamil Nadu, Maharashtra and Gujarat in the pilot phase. The gold coins are in the popular [...]

National Savings Scheme

Posted on May 30th, 2008 in Indian Postoffice Savings

National Savings Scheme (NSS) offers an assured return and tax rebates under Income Tax Act. The rate of interest is 9 per cent per annum, compounded annually.
NSS is available at post offices across India. You can open only one account in a year. There is no prescribed upper limit to the amount you might want [...]

Post Office Savings

Posted on May 30th, 2008 in Indian Postoffice Savings

This section of savingwala.com offers free information about various savings and investments plans available to residents of India via. Indian Post offices. These schemes are popular among each and every section of society as they offers higher returns without any risk loss. i.e. Guaranteed returns.
Current Small Savings Schemes With Main Features

Post Office Time Deposits
Post Office [...]

Kisan Vikas Patra

Posted on May 30th, 2008 in Indian Postoffice Savings

Want to double your investments in less than nine years? Guaranteed!
Kisan Vikas Patras (KVPs) are available at all Head Post Offices and authorized post offices throughout India. The KVPs are measured as the most safe investment tool, as it has the backing of the Government of India. The principal is assured (guaranteed) and it is [...]

Post Office Recurring Deposit Accounts

Posted on May 30th, 2008 in Indian Postoffice Savings

A post office recurring deposit account (RDA) is similar to a recurring deposit in a bank, where you can invest a fixed amount on a monthly basis. The postal RDA has a fixed tenure of five years.

National Savings Certificate (NSC)

Posted on May 30th, 2008 in Indian Postoffice Savings

National Savings Certificate is a saving plan offered by Indian Post office. National Savings Certificate

is most popular among the middle class families and salaried persons in India.

Monthly Income Scheme (MIS)

Posted on May 30th, 2008 in Indian Postoffice Savings

Indian post office monthly income scheme (MIS) provides for monthly payment of interest income to investors. The monthly income scheme is best for retired persons having lumpsum amount for investment.

Time Deposit

Posted on May 30th, 2008 in Indian Postoffice Savings

Post office Time deposit scheme is a type of fixed deposit account offered by Department of post, Government of India at all post office. This saving plan is best for those investors who want to deposit a lump sum for a fixed period. Investor gets a lump sum (principal + interest) at the maturity of the deposit, where rate of interest on investment depend on the term of deposit.

Public Provident Funds

Posted on May 29th, 2008 in Indian Postoffice Savings

Public Provident Funds - Info and tips about Public Provident Funds from Indian Post Offices, best tax saving plans