INSUBCONTINENT EXCLUSIVE:
Post office small savings schemes: The government currently offers up to 8.7% interest on these schemesIndia Post currently offers a total
offices across the country
Out of these small savings schemes, four - namely Senior Citizen Savings Scheme (SCSS), 15-Year Public Provident Fund (PPF), National
indiapost.gov.in.Small savings schemeInterest rateMinimum amount required for opening accountMaximum investment allowedSenior citizen
savings scheme (SCSS)8.70%Rs 1,000Rs 15 lakh15-year public provident fund8%Rs 500Rs 1.5 lakh per financial yearNational savings certificate
provident fund account It's allowed in these situations)Investment in all four of these small savings schemes qualifies for income tax
EPFO or Employees' Provident Fund Organisation last month announced a hike in the interest rate applicable to employees' provident fund
(EPF) to 8.65 per cent for the current financial year (2018-19)
That marked a shift from a five-year low of 8.55 per cent for the preivous financial year (2017-18).Get the latest election news, live
updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections
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