What is Post Office Fixed Deposit (FD)? Post Office FD is a small savings scheme offered by India Post where individuals can deposit a lump sum amount for a fixed tenure, and in return, they earn interest on that amount at a predetermined rate. What is Post Office Recurring Deposit (RD)? Post Office RD is…
Rs 61,500 Interest/quarter for Senior Citizens: Retirement is an important stage for everyone, where income options for many senior citizens may deplete. In such a time, investments that they make may come handy. Some investment schemes provide them secure environs of earning income for a long period after investing one time. Senior Citizens Savings Scheme…
PPF Calculations: Public Provident Fund (PPF) is a long-term small savings scheme often used for retirement corpus building. But if one invests regularly in the fixed income scheme for a long term, they can draw a substantial monthly income from the scheme. They can also build a corpus that they can use themselves or pass…