Good news for people about savings schemes.

The norms of some small savings schemes including General Provident Fund (GPF) and Senior Citizen Savings Scheme (SCSS) have been changed by the government recently. Here are some changes you should be aware of,

Savings Scheme's changes

General Provident Fund, relaxation of norms

For SCSS, the government has relaxed the time limit for opening an account from one month of receiving pension benefits to three months. Spouse of Government servant can also invest the financial assistance amount in the scheme. The account holder can extend the account for any number of blocks of three years each, instead of once.

The interest rate on the extended account will be the same as the rate applicable on the maturity date or extended maturity date.

For GPF, the government has amended the rules for early closure of accounts. Subject to certain conditions, the account can be closed before completion of 15 years for reasons such as higher education, marriage, illness etc.

The rate of interest for early closure will be the rate applicable to Post Office Savings Account.

The government has also changed the interest rate for early withdrawals for 5-year deposits.

If the deposit is withdrawn after four years from the date of initiation, the rate of interest applicable to the Post Office Savings Account will be the same instead of the rate applicable to the 3-year term deposit.

These changes are aimed at making small savings schemes more attractive and flexible for investors. More details about these schemes and their interest rates can be found on the official website of the Department of Posts.

Comments

At one time, the tax rate in India was 97.50

Many feel that foreign countries tax the rich very heavily and India does not. But did you know that at one time India had to pay 97.50 percent of income tax? Indira Gandhi What is the historical tax rate in India Debates such as distribution of wealth and introduction of inheritance tax have arisen and are currently being discussed in a frenzy. But, in our country, 50 years ago, maximum tax was collected up to 97.50 percent. There was such a period in India. During Indira Gandhi's tenure as Prime Minister, income tax in India was as high as 97.50 percent. However, this collection came to an end shortly after. Indira Gandhi saw taxation as an important mechanism to balance income and wealth. Based on this, in February 1970, he presented the budget in Parliament and addressed it. Social welfare was the theme of the budget. Since the green revolution was taking place, various announcements related to the agriculture sector were included in the budget. A huge sum...

Emmvee Photovoltaic Power Share Price Target 2030: Is It a Buy?

The renewable energy sector, particularly the solar energy segment, is growing rapidly. If you are looking for long-term growth opportunities in this sector, 'Emmvee Photovoltaic Power' is a company that warrants your attention. Based on recent market studies and financial reports, we outline the company's key operational metrics here and analyze why market analysts recommend it as an excellent long-term investment. Emmvee Photovoltaic Power: Key Stock and Market Metrics As of July 16, 2026, the company’s stock boasts strong fundamentals, supported by robust operating profit margins and excellent capital utilization. Metric | Details / Statistics Current Share Price (as of 16.07.2026): ₹365.35 Market Capitalization: ₹24,696 Crore Analyst Recommendation: Buy Recommended Investment Horizon: 5 years Expected Target Price (by 2030): ₹628.00 A Detailed Look at Financial and Valuation Ratios To understand why analysts are confident that Emmvee Photovoltaic Power will reach a targ...

India will be the global gold price setting body

New Delhi: India is planning to become a gold price setter, the Chamber of Commerce of India said at a gold and gemstone conference. The industry said at the event, Gold price India will emerge as a country that sets gold prices India is a global gold price s etter. Instead, it should become a gold price setter. Domestic mining will help in this. Domestic production will meet 20 percent of the country's gold demand in the next decade. Due to insufficient domestic gold production and the lack of a gold banking system, we have to depend on the London market price. In the next 2-3 years, India will emerge as the world's jewelry hub. Gold and jewelry purchases should be honest and transparent. The Indian Standards Institution plays a key role in determining the quality of gold. Similarly, the OECD and London Bullion Market Association standards can also be adopted or equivalent standards can be developed. Similarly, the ban on the export of 24-carat gold from India h...

22k jewelers

Search This Blog