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Payment of maturity, premature closure amount of small savings scheme

Payment of maturity, premature closure amount of small savings scheme [ad_1] Small savings schemes account holder will get payment of maturity, premature, closure amount of accounts into account holders bank account through ECS outward credit facility. According to the Ministry of communication SB Order No. 09/2021 dated 30.04.2021, “Maturity/pre-mature/closure amount of all type of National Savings Schemes can now be ...

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How to close a frozen PPF, Senior Citizen Savings Scheme, other small savings scheme account

How to close a frozen PPF, Senior Citizen Savings Scheme, other small savings scheme account [ad_1] In order to protect the hard-earned money of depositors and ensure effective KYC compliance, the Department of Posts, via a notification issued on December 15, 2022, has stated that it has decided to freeze certain small savings scheme accounts that have reached maturity but ...

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sbi fd interest rate: Senior citizens FD interest jumps to 7.5%: SBI, HDFC Bank, ICICI Bank, YES Bank, Kotak Mahindra FD rates compared

sbi fd interest rate: Senior citizens FD interest jumps to 7.5%: SBI, HDFC Bank, ICICI Bank, YES Bank, Kotak Mahindra FD rates compared [ad_1] Fixed deposits (FDs) are still one of the most preferred investment options among senior citizens. With the Reserve Bank of India (RBI) raising the repo rate by 225 basis points this year since May, the interest ...

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Three lessons in personal finance management from RBI’s inflation-targeting policy

Three lessons in personal finance management from RBI’s inflation-targeting policy [ad_1] There’s finally some good news for the RBI and every Indian consumer on the inflation front. For the first time this year, retail inflation dipped below the central bank’s upper-tolerance limit of 6%, coming in at 5.88% in November. Since 2016, the RBI has been following an inflation-targeting policy ...

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