EPF Explained: Contribution, Interest & Withdrawal Rules
The Employees’ Provident Fund (EPF) is a mandatory savings scheme where you and your employer each contribute 12% of your basic salary and dearness allowance every month, building a retirement corpus that earns tax-free interest. It’s run by the Employees’…
National Pension System (NPS): Rules, Tax Benefits
The National Pension System (NPS) is a voluntary, market-linked retirement savings scheme regulated by the Pension Fund Regulatory and Development Authority (PFRDA), open to Indian citizens between 18 and 70 years of age. Unlike fixed-rate options such as PPF or…
PMVVY: LIC Pension Scheme for Senior Citizens Explained
Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme for senior citizens that pays a fixed, guaranteed pension in exchange for a one-time lump sum, and it’s run through LIC rather than banks or post offices. If you’re 60…
SCSS Guide: Interest Rate, Eligibility & Tax Benefits
The Senior Citizen Savings Scheme (SCSS) is a government-backed savings option for retirees that currently pays 8.2% interest per year, paid out every quarter. It’s one of the safest ways for someone above 60 to earn a steady, predictable income…
Mahila Samman Savings Certificate: Is It Still Open?
The Mahila Samman Savings Certificate (MSSC) is not accepting new deposits anymore. The scheme was a limited window offer open only between April 2023 and March 2025, and since April 1, 2025, no fresh accounts can be opened. If you…
Sukanya Samriddhi Yojana (SSY): Interest Rate, Rules
Sukanya Samriddhi Yojana, or SSY, is a government backed savings scheme meant exclusively for a girl child, currently offering 8.2% interest per annum for the April to June 2026 quarter, one of the highest rates among all small savings schemes…
Kisan Vikas Patra (KVP): Interest Rate & Rules 2026
Kisan Vikas Patra, or KVP, is a savings certificate sold by India Post and select banks that simply doubles your money over a fixed period. At the current interest rate of 7.5% per annum for the April to June 2026…
NSC: National Savings Certificate Rate & Tax Rules
The National Savings Certificate, or NSC, is a 5-year fixed-return savings certificate sold through India Post that currently pays 7.7% per annum, compounded annually, with the entire interest paid out at maturity along with your principal. It also qualifies for…
PPF Explained: Interest Rate, Rules & Tax Benefits
The Public Provident Fund, better known as PPF, is a long-term government savings scheme that currently pays 7.1% per annum, compounded annually, and gives you a Section 80C tax deduction on every rupee you deposit. What makes it stand out…
