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 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.
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.
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 – Info and tips about Public Provident Funds from Indian Post Offices, best tax saving plans
LIC of India’s VARISHTHA PENSION BIMA YOJANA ( Table No 161 ) Alert: This plan is closed for sales Varishtha Pension Bima Yojana was a Government subsidized scheme announced for Indian citizens aged 55 years and above , in the…