The Department of Posts is streamlining account openings for schemes such as Monthly Income Scheme (MIS), Time Deposit (TD), ...

In a big boost for digital banking and financial inclusion, the Department of Posts has launched a new Aadhaar-based ...

In a major digital transformation move, the Department of Posts has made several of its popular savings schemes paperless.

Several post office savings schemes offer marginally higher returns over what most banks give on their fixed deposits (FDs) ...

You can open a PPF account at either a post office or a bank. Both options have the same rules and benefits, so you can ...

Under the new tax regime, there is a small tax exemption of Rs 3,500 per financial year available on the interest earned from ...

If you wish to withdraw the SCSS deposit before the first year, the interest earned will be penalized. A penalty of 1.5% will ...

2. Aadhaar based e-kyc process has been introduced pan India in all departmental post offices w.e.f. 06.01.2025 for ...

There have been instances recently where TDS (Tax-Deducted at Source) was deducted on withdrawals from National Savings Scheme ... interest income from bank, post office or other sources.

The interest rate for Monthly Income Account scheme has also been hiked to 7.4% from 7.1%. The maximum deposit limit for MIS has been increased from Rs 4.5 lakh to Rs 9 lakh for a single account ...