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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.

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
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
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
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 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
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
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
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