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Opening another savings account? Head to the nearest post office
No big commercial bank offers more than 3% in the normal savings account.
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Role of recurring deposit in your investment journey
RD is a basic investment instrument which one can start even with his/her pocket money to pick up the basics of disciplined saving.
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Parking your hard-earned money: Post offices edge banks
If you park your money in post office FD for five years, it will give you 6.7% return.
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Invest Rs 300 a day and get Rs 15 lakh in return
Post office saving schemes: The central government fixes interest rates of small savings schemes every quarter.
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Top-6 post office tax-saving schemes
The interest rates of these schemes are set by the government at the start of every quarter of the financial year.
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Minimum balance one should maintain in post office schemes
There are many options for saving or investing in the post office. However, you have to maintain a minimum balance in the account
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36.80 cr post office savings bank accounts opened in 7 yrs
India Post serves more than 50 crore POSB customers across the country. This number is 1.5 times the entire population of USA
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For fixed investments of 5 years and above, check out these post office schemes
In mid-tenure instruments returns in post office instruments are, in some cases, more than 100 basis points higher than bank deposits of same tenure
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Keep at least Rs 119 in your post office savings account to avoid closure
There is no way of reviving a closed account and one has to open a new one
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Post offices — anachronism in Digital India
It is the oldest public utility service in the country, much older even than the railways, and certainly deserves better handling
