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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 [...]
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.
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.