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NPS Vatsalya: Securing Your Child’s Future with India’s Innovative Pension Scheme

News, Miscellaneous, Personal Finance, Post Office / By tradeyoga

The NPS Vatsalya Scheme In a groundbreaking move to secure the financial future of India’s youth, Finance Minister Nirmala Sitharaman has launched the NPS Vatsalya scheme. This innovative pension plan allows parents to open retirement accounts for their children, paving the way for long-term financial security. Let’s delve into the details of this transformative initiative. …

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Understanding PPF accounts: Can I have 2 PPF accounts?

Income Tax, Personal Finance, Post Office / By tradeyoga

What is a PPF account? The Public Provident Fund (PPF) is a savings-cum-tax-saving instrument in India, introduced by the National Savings Institute of the Ministry of Finance in 1968. The PPF offers an attractive interest rate and returns that are fully exempt from tax, making it a popular investment choice. But when it comes to …

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Mahila Samman Savings Certificate Scheme 2023

Earn 7.5% interest on Mahila Samman Savings Certificate – the Best Investment for Women

Fixed Deposits, News, Post Office / By tradeyoga

Mahila Samman Saving Scheme is a government-backed investment scheme that is exclusively available for women and girl child. These certificates offer guaranteed returns and are an excellent way for women to invest their savings and earn 7.5% interest.