Public Provident Fund (PPF)
PPF is a long-term, government-backed small savings scheme of the Central government started with the objective of providing old age income security to the workers in the unorganised sector and self-employed individuals.The Public Provident Fund Scheme is a statutory scheme of the Central Government of India. The PPF scheme is operated through Post Office and Nationalized banks. PPF account can be opened either in Post Office or in a Bank. Account is transferable from one Post office to another and from Post office to Bank and from …

Post Office Monthly Income Saving (PO MIS)
This scheme offers monthly income and is a safe, guaranteed-by-the-government option. For retirees, widows and others looking for a steady income, it can be ideal. Even young investors who are comfortable with steady and risk-free returns can opt for this scheme. As the scheme is offered by post offices, it is backed by the government. Thus, the PO MIS is one of the safest investments available
How it works
A lump sum amount is deposited with the post office with a maximum limit of Rs 3 …

Hi all,
Coming 1st April there will be a change in method of calculation of interest on your savings account as directed by The Reserve Bank of India.
Lets first understand how Banks Calculate Rates currently on your Saving Account
3.5 per cent per annum or 0.29 per cent per month on the minimum balance in savings account between the 10th of the month and the end of the month.
So we used to get interest on the minimum amount which remains in the bank account
After the announcement the …