The current interest rate offered on PPFs is 7.1% per annum. This allows massive tax benefits under Section 80C of the I-T Act
Post Office Monthly Income Scheme: Minors can open an account under the post office monthly income scheme
Post office RDs: If the amount is not deposited within the prescribed time, the account is considered defaulted and is deactivated
A drop in employees doesn't take away the world's largest postal service tag
In the near future, an increase in small savings plans will be encouraged by widening interest rate gaps between bank deposits and savings plans
These government-backed life insurance schemes are available at rural post offices
RD account can be opened with any bank or post office. You have to make a deposit every month in your recurring deposit account and there is no maximu
There are 154,965 post offices in the country, which makes the Indian postal network the largest in the world
Small savings schemes by the department of posts have gained a lot of popularity among the risk averse investors
Covid protocols like social distancing, wearing masks, use of sanitisers should strictly be followed and arrangements should be made for the same