Savingwala

Life Insurance In India

Posted on July 8th, 2008 in Life Insurance

Life Insurance is the fastest growing sector in India since 2000 as Government allowed Private players and FDI upto 26% .Life Insurance in India was nationalised by incorporating Life Insurance Corporation (LIC) in 1956. All private life insurance companies at that time were taken over by LIC.
Life Insurance providers in India

Life Insurance Corporation of India [...]

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 [...]

National Savings Certificate

Posted on May 30th, 2008 in Indian Postoffice Savings

Who can purchase :

An adult in his own name or on behalf of a minor,
A minor,
A trust,
Two adults jointly,
Hindu Undivided Family.

Where available
Available for purchase/issue at all Post Offices in India.
Minimum Purchase Value
The minimum amount of investment under NSC is Rs 100/-
Maturity
Period of maturity of a certificate is six Years.
Nomination / Transferability:

Nomination facility is available.
Certificates can [...]