Government Savings Schemes
Complete guide to all government savings schemes in India — PPF, NSC, KVP, SCSS, POMIS and post office plans with rules, interest rates and eligibility.
35 articles- What Is the PPF Contribution Deadline Each Financial Year? The official PPF contribution deadline is March 31st of each financial year. However, to maximize your interest earnings, you shou... 5 min read
- PPF Account in SBI vs HDFC vs ICICI — Any Difference? There is virtually no difference in PPF accounts across SBI, HDFC, and ICICI. The interest rate, tax benefits, lock-in period, and... 5 min read
- Best Strategy to Maximize PPF Returns Over 15 Years The best PPF strategy is depositing the full 1.5 lakh rupees before April 5 each year, which earns roughly 85000 rupees more over... 5 min read
- PPF Maturity Passed But Interest Still Getting Credited — What It Means If your PPF account matured but interest is still being credited, your account has automatically entered extended mode without con... 5 min read
- How Much Tax Do You Save With PPF Every Year? You can save up to 46,800 rupees in tax every year by investing in the Public Provident Fund (PPF). This is achieved by claiming a... 5 min read
- Is It Too Late to Start a PPF Account at Age 40? No, it is not too late to start a PPF account at age 40. While the 15-year lock-in means your money is accessible around age 55, t... 5 min read
- PPF Account Maintenance Checklist — Annual Review Tasks Run this annual seven-step checklist on your PPF account to maximise interest, update nomination, plan loans and withdrawals, and... 5 min read
- What Are the Types of NSC Certificates Available in India? Historically, there were two types of National Savings Certificates (NSC): the 5-year NSC VIII Issue and the 10-year NSC IX Issue.... 5 min read
- Can NSC Be Pledged as Collateral for a Bank Loan? Yes, you can absolutely pledge your National Savings Certificate (NSC) as collateral to get a loan from a bank. This feature makes... 5 min read
- What Happens to NSC After the Holder's Death? After the death of an NSC holder, the investment proceeds are transferred to the registered nominee upon submission of a claim for... 5 min read
- Is There a Maximum Limit on NSC Investment? There is no maximum investment limit on NSC — you can buy any amount above 1,000 rupees. Only the first 1.5 lakh per year qualifie... 5 min read
- How Is NSC Interest Compounded and Paid? NSC interest is compounded annually, meaning the interest earned each year is added to your principal for the next year's calculat... 5 min read
- NSC vs Fixed Deposit — Which Is Better for 5 Years? For investors seeking tax benefits under Section 80C and a sovereign guarantee, the National Savings Certificate (NSC) is often th... 5 min read
- NSC as Loan Collateral — Best Banks That Accept It Yes, you can get a loan against your National Savings Certificate (NSC). Banks like SBI, HDFC, and PNB accept NSC as collateral, o... 5 min read
- Best Way to Invest in NSC for a 5-Year Financial Goal The best way to invest in NSC for a 5-year goal is at a post office or authorised bank, ideally in the spouse's name for tax flexi... 5 min read
- NSC vs Bank FD — Which Gives More Returns on ₹50,000? A ₹50,000 investment in a National Savings Certificate (NSC) at 7.7% would grow to ₹72,452 in 5 years. In comparison, a Bank Fixed... 5 min read
- Can You Withdraw NSC Before 5 Years? What Actually Happens While the National Savings Certificate (NSC) has a strict 5-year lock-in, premature withdrawal is possible in three specific cases... 5 min read
- NSC Tax Claim Checklist — How to Declare Interest in ITR To claim NSC tax benefits, you must declare the annual accrued interest under 'Income from Other Sources' in your ITR. You can the... 5 min read
- What Are the Eligibility Criteria for Kisan Vikas Patra? Any resident Indian adult can invest in a Kisan Vikas Patra (KVP) account, either individually, jointly with up to two others, or... 5 min read
- How to Renew Post Office TD on Maturity To renew your Post Office TD on maturity, you need to visit your Post Office branch with your original TD certificate, passbook, a... 5 min read
- How to Close Post Office TD Before Maturity To close a Post Office Time Deposit (TD) before maturity, you must visit your home branch after a minimum of six months from openi... 5 min read
- KVP vs RBI Savings Bond — Which Is Better for Safe Returns? The RBI Floating Rate Savings Bond pays a higher current rate than KVP and resets twice a year, so it usually beats KVP on pure re... 5 min read
- KVP Certificate Name Mismatch — How to Get It Corrected A KVP certificate name mismatch can be corrected by submitting a specific application form along with identity and address proofs... 5 min read
- Can KVP Beat Inflation Over Its Doubling Period? Kisan Vikas Patra (KVP) can beat inflation, but it is not guaranteed. Its ability to do so depends heavily on the prevailing infla... 5 min read
- What Happens to POMIS Account After the Holder's Death? After the account holder's death, the funds in a Post Office Monthly Income Scheme (POMIS) account are transferred to the designat... 5 min read
- POMIS Monthly Payout Not Received — What to Check A missing POMIS monthly payout is usually caused by incorrect bank account details, a dormant savings account, or a failed payment... 4 min read
- Unable to Open POMIS Account Online — Common Errors and Solutions Struggling to open a POMIS account online is often due to mismatched CIF IDs, outdated KYC, or transaction limit issues. These pro... 5 min read
- How Much to Invest in POMIS to Get ₹10,000 Per Month? To get 10,000 rupees a month from POMIS at the current 7.4 percent rate, you need to deposit about 16.22 lakh rupees. Since a sing... 5 min read
- Documents Required to Open POMIS Account at Post Office To open a Post Office Monthly Income Scheme (POMIS) account, you need a completed application form, proof of identity (like an Aad... 5 min read
- How to Get and Update Your Post Office Savings Account Passbook Get a new post office passbook with Aadhaar, PAN, two photos, and the right form, then update it at the counter or view it through... 5 min read
- Post Office RD Calculator — ₹5,000 Per Month for 5 Years Depositing 5000 rupees per month in a Post Office RD for 5 years at 6.7 percent interest gives you approximately 3,56,830 rupees a... 5 min read
- Is Post Office Internet Banking Secure for Transactions? Post Office Internet Banking is secure for transactions, using industry-standard measures like two-factor authentication and SSL e... 5 min read
- Can Post Office RD Beat Inflation Over 5 Years? Post Office RD beats inflation over 5 years only for taxpayers in the lowest slab or when inflation stays below 5 percent. For mos... 5 min read
- Post Office RD Opening Checklist — Everything You Need The Post Office RD opening checklist needs Aadhaar, PAN, two photographs, the filled SB-3 form, address proof if different from Aa... 5 min read
- Post Office RD Maturity Checklist — What to Do When RD Matures When your Post Office RD matures, visit your branch with your passbook, PAN card, and Aadhaar to fill the closure form. Do not del... 5 min read