RBI urges government to cut rates on small savings schemes
Tuesday, December 10, 2019, 12:28 PM
The RBI has urged the government to move forward on reducing interest rates on small savings schemes such as PPF and post office deposits, to help banks pare rates on deposits and loans and lead to better transmission of the central bank's rate-cuts. The government has, however, reduced interest rates on most schemes by a meagre 10bps although the rates are linked to market-rates.
Women prefer investments in FD, PPF: Survey
Thursday, October 31, 2019, 7:16 PM
Women are 'recklessly cautious' when it comes to saving as nearly 58 per cent prefer to park their money in either fixed deposits, public provident fund (PPF) or letting it lie in their savings account, according to a survey. Scripbox, which undertook this survey in the first two weeks of October 2019 on leading Facebook Communities, received inputs from 400 women.
PPF, Senior Citizen Savings Scheme claim rules revised
Saturday, September 21, 2019, 10:34 AM
The Department of Posts has revised rules of various authorities to sanction deceased claim cases in respect of Post Office Savings Schemes, including PPF and Senior Citizen Savings Scheme, on death of the account holder when there is no nomination or legal evidence available or produced. The order also specified how long the authority should wait before sanctioning payment to the depositor's heirs.