Interest payable, Rates, Periodicity From 01.04.2020, interest rates are 7.1 % per annum (compounded yearly). 2. Minimum Amount for opening of account and maximum balance that can be retained Minimum INR. 500/- Maximum INR. 1,50,000/-…
Senior Citizen Savings Scheme (SCSS) Interest: From 01.04.2020 , interest rates are as follows:-7.4 % per annum, payable from the date of deposit of 31st March/30th Sept/31st December in the first instance & thereafter, interest…
Post Office Monthly Income Scheme Account (MIS) Interest: From 01.04.2020, interest rates are as follows:-6.6 % per annum payable monthly.Minimum Amount for opening of account and maximum balance that can be retainedIn multiples of INR…
Post Office Time Deposit Account (TD) InterestInterest rates From 01.04.2020 to 30.06.2020 PeriodRate1yr.A/c5.5%2yr.A/c5.5%3yr.A/c5.5%5yr.A/c6.7 % Interest payable annually but calculated quarterly. 2. Minimum Amount for opening of account: Minimum INR 1000/- 3. Maximum balance that can…
National Savings Recurring Deposit Account (RD) Interest RateFrom 01.04.2020, interest rates are as follows:-5.8 % per annum (quarterly compounded)Minimum Amount for opening of accountMinimum INR 100/- per month or any amount in multiples of INR…
Today we will discuss about the saving scheme of the post office Post Office Savings Account Interest Rate4.0% per annum on individual / joint accountsMinimum Amount for opening of accountMinimum INR 500/- for openingWho can…
A New announcement in Budget 2019 GST registered MSMEs can get 2% interest subvention from Government for incremental loans of Rs 1 crores under the MSME Credit Scheme. MSME stood for Micro, Small and Medium Enterprises.…
NEW DELHI: India announced an extensive consolidation of state-owned banks that will see 10 of them being merged to form four bigger lenders to strengthen a sector struggling with a bad-loan cleanup and aimed at…