#pomis scheme interest

[investmentadvisor01]

Securing Your Tomorrow: The Complete Guide to Investing in LIC and Post Office Schemes

When it comes to securing your financial future, Life Insurance Corporation (LIC) and Post Office Schemes stand out as two of the most reliable options available in India. As an investment advisor in Prayagraj and a seasoned LIC Agent in Prayagraj, I have seen firsthand the benefits these LIC schemes and Post Office schemes offer. With a history of stability and a range of products designed to meet various needs, these schemes offer a blend of security and growth. This guide will walk you through the essentials of investing in LIC and Post Office Schemes, helping you make informed decisions..

Why Choose LIC and Post Office Schemes? :

Trust and reliability are paramount when choosing where to invest your money. As an investment advisor in Prayagraj, I can confidently recommend LIC schemes and Post Office schemes. LIC, being a government-owned entity, has a long-standing reputation for trustworthiness and reliability.

Similarly, Post Office schemes are backed by the government, ensuring a high level of security for your investments. Both LIC and the Post Office offer various products catering to different financial goals and timelines.

Whether you're looking for life insurance, retirement plans, or short-term savings options, there's a scheme that fits your needs. Additionally, these schemes provide attractive returns. 

LIC policies often come with bonuses, while Post Office schemes offer assured returns, often higher than traditional savings accounts. For reliable and comprehensive LIC Agent service in Prayagraj, look no further.

Key LIC Products to Consider :

1. Endowment Plans: These plans combine insurance coverage with savings. They are ideal for those looking to build a corpus over a period while enjoying the benefits of life cover.

2. Term Insurance: For those seeking pure risk cover, term insurance is the best option. It offers high coverage at low premiums, ensuring financial security for your dependents in case of your untimely demise.

3. Pension Plans: LIC’s pension plans help you plan for a financially secure retirement. By investing regularly, you can ensure a steady income post-retirement.

4. ULIPs (Unit Linked Insurance Plans): ULIPs offer the dual benefit of insurance and investment. Part of your premium is invested in the market, potentially yielding higher returns, while the rest provides life cover.

Key Post Office Schemes to Consider :

1. Post Office Monthly Income Scheme (POMIS): Ideal for those seeking a regular income, POMIS provides a fixed monthly return, making it a perfect choice for retirees or those needing consistent income.

2. Public Provident Fund (PPF): PPF is a long-term savings scheme with tax benefits. It offers attractive interest rates and the security of government backing.

3. National Savings Certificate (NSC): NSC is a fixed-income investment offering tax benefits. It’s suitable for risk-averse investors looking for safe and guaranteed returns.

4. Sukanya Samriddhi Yojana (SSY): Aimed at the welfare of the girl child, SSY offers high interest rates and tax benefits, helping parents build a substantial corpus for their daughters’ future education and marriage.

How to Choose the Right Scheme :

1. Assess Your Financial Goals: Determine your short-term and long-term financial objectives. Are you saving for your child's education, a house, or retirement?

2. Risk Tolerance: Understand your risk appetite. LIC policies are generally low-risk, while ULIPs involve market-linked risks. Post Office Schemes are highly secure but may offer slightly lower returns compared to market-linked products.

3. Tax Benefits: Consider the tax implications of each scheme. Many LIC policies and Post Office Schemes offer tax deductions under Section 80C of the Income Tax Act.

4. Liquidity Needs: Evaluate your need for liquidity. While some schemes like POMIS offer regular returns, others like PPF have a lock-in period.

Conclusion :

Investing in LIC and Post Office Schemes can be a prudent choice for securing your financial future. They offer a blend of safety, reliability, and attractive returns, making them suitable for a variety of financial goals. By carefully assessing your needs and understanding the features of each scheme, you can make informed decisions that align with your financial aspirations. Secure your tomorrow by investing wisely today.

[lawyer2ca]

Senior citizens: Government hikes Senior #Citizen #savings Scheme (#scss), National Saving Certificate (#NSC), Post Office Monthly Income Scheme (#POMIS), Post Office Time Deposit (#potd) interest rates for the January–March quarter of FY 2022–23 - Lawyer2CA®️

Senior Citizen Savings Scheme (SCSS) has an interest rate of 8.0% per annum for the fourth quarter of FY 2022–23. Anyone over the age of 60 and who is over 55 but under 60, is eligible for this programme. An SCSS account can be opened with as minimum as Rs 1,000 and a maximum of Rs 15 Lakh. The account has a five-year maturity period that can be extended by an additional three years. A penalty equal to 1.5% of the deposit is imposed for early withdrawals made after one year. Section 80C of the Income Tax Act allows for the deduction of investments up to Rs 1.5 lakh. Additionally, the interest income is wholly taxable.

The Post Office Monthly Income Scheme (POMIS) interest rate has gone up from 6.7% to 7.1%. This account may be opened with a minimum deposit of Rs. 1,000 and a maximum deposit of Rs 4.5 Lakh (single account) and Rs 9 Lakh (joint account).

Post Office Time Deposit Account (POTD) can be opened for one, two, three, and five-years tenure. A minimum investment of Rs 1,000 is needed to open an account and there is no maximum investment amount. POTD now earns an interest rate of 6.6%, 6.8%, and 6.9% for periods of one year, two years, and three years, respectively. Under Section 80 C of the Income Tax Act of 1961, a senior citizen may be qualified for a tax deduction for a 5-year Post Office Time Deposit Account.

For the January-March quarter, the interest rate on National Savings Certificates (NSCs) is now, 7%. A minimum of Rs. 1,000 should be invested, in multiples of Rs. 100. There is no upper limit. The account will have 5 Years of maturity.

Kisan Vikas Patra's (#kvp) interest rate was hiked from 6.8% to 7%.

#Lawyer2CA #interestrates

https://economictimes.indiatimes.com/wealth/invest/senior-citizens-govt-hikes-senior-citizen-savings-scheme-nsc-post-office-time-deposit-interest-rates/post-office-time-deposit-account-potd/slideshow/96737707.cms

[paybimainsurance1]

Here are top 6 post office investment plans :

National Savings Certificate (NSC)**This is a low-risk with fixed income scheme offered by the government and is available with the post-offices across India. This post office saving scheme for boy child is loaded with best features and benefits to aptly suit your child’s needs. It facilitates a fixed income and definite returns to generate best revenues. This plan is currently available at 6.8% rate of interest per annum.

Features:

Minimum investment – Rs.1000

Maximum investment – no max. limit

Interest Rate – 6.8%

Lock in tenure – 5 years

Tax Benefits – Up to Rs.1.5 lakh (as per Section 80C of Income Tax)

Benefits

The plan offers fixed return on investment higher as compared to FDs.

Offer Tax benefits under section 80C.

Available at an initial investment of Rs 1,000, which is very less.

The Plan is available with a maturity period of 5 years.

No TDS allowed so the insured can obtain full value at maturity.

Ponmagan Podhuvaippu Nidhi Scheme

The department of post, Tamil Nadu introduced the Ponmagan Podhuvaippu Nidhi Scheme in the year 2015,especially meant for the male child. The account for this post office saving scheme for boy child can be opened through a parent/guardian for a minor boy below 10 years of age, while minor boys above 10 years can open the account on their own name. This special plan is limited to the residents of Tamil Nadu only, and can be availed by parents before their son attains 10 years of age.

Features:

Minimum investment – Rs.500

Maximum investment – 1.5 lakhs

Interest Rate – 9.70%

Maturity period – 15 years

Tax Benefits – available under Section 80C of Income Tax

Benefits

The plan offers ways to increase your income.

Offer Tax benefits under section 80C.

Nomination facility available.

Payments can be made in lump sum or in 12 small installments.

Parents can avail loan facility from fourth year of the account.

Post Office Monthly Income Scheme (POMIS)

Post office monthly income scheme or POMIS is a saving scheme for boy child where you can earn a fixed monthly interest by investing a certain amount. This scheme is easy to open in any post office across the country and is packed with features and benefits. For this scheme, the one key requirement is to have a post office savings account.

Features:

Minimum investment – Rs. 1000

Maximum investment – 4.5 lakhs

Interest Rate – 6.6%

Maturity period – 5 years

Tax Benefits – TDS is not applicable but sum invested is not covered under Section 80C

Benefits

The plan offers capital protection until the plan matures

This is a low risk plan and safe.

It offers affordable deposit amount facility.

The scheme offers guaranteed returns.

Multiple ownership is also available under this scheme.

Kisan Vikas Patra (KVP)

Kisan Vikas Patra or KVP is an apt plan that suits perfectly to the low income as well as the middle-class income families in India. This is a short-term post office saving scheme for boy child in India that permit parents to invest on a particular lump-sum money per year.

Features

Interest Rate – 6.9%

Minimum amount – Rs.1,00

Maximum amount – No Upper Limit

Maturity period – 10 years and 4 months

Lock-in period – 30 months

Benefits

The plan offers guaranteed returns with zero risks.

It helps accumulate savings for future your child.

Allow parents to get loans with low interest rates.

Nomination facility is available.

Post Office Recurring Deposit (RD)

This another good saving post office schemes for boy child in India. This is a recurring deposit plan that offer high rate of interest as compared to regular saving account in a bank. Under this scheme, parents can save a particular amount in the account every month for 5 years.

Features

Interest Rate – 5.8%

Minimum amount – Rs.100

Maximum amount – No Upper Limit

Maturity period – 5 years

Benefits

The plan offers limited restrictions.

Nomination facility is available.

Transfer of funds is available from RD to savings account.

Allow parents to save enough for their male child’s future.

Public Provident Fund (PPF)

Public Provident Fund or PPF is a post office scheme for male child in India that help parents to save on taxes as well. PPF is a long term plan of investment available at an attractive rate of interest and offers god returns on investment.

Features

Interest Rate – 7.1%

Minimum Amount – Rs.500

Maximum Amount – Rs 1.5 lakh

Tenure/Lock-in period – 15 years

Tax Benefit – available up to Rs.1.5 lakh under Section 80C

Benefits

The plan offers low risk.

Nomination facility is available.

Allow parents to take loans against the invested amount from 3rd of scheme.

Transfer of funds is available under this savings scheme.

Long term savings with attractive interest rate.

[findtnjobs]

POMIS SCHEME - Post Office Monthly Income Scheme 2022

#pomisscheme #pomis_scheme #pomis #postofficesavings #savingscheme #bestsavingscheme #post_office_savings #saving_scheme #best_saving_scheme postoffice #pomisscheme #monthlyincomescheme #pomis #postofficescheme #சேமிப்புதிட்டம் #சேமிப்பு_திட்டம்

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[vilaspatelvlogs]

POMIS: हर महीने बढ़ जाएगी घर की इनकम, ID या एड्रेस प्रूफ है तो खोले ये खाता

POMIS: हर महीने बढ़ जाएगी घर की इनकम, ID या एड्रेस प्रूफ है तो खोले ये खाता

नई दिल्ली: भविष्य को सुरक्षित करने के लिए निवेश भी सही जगह करना जरूरी होता. ऐसा नहीं करने पर आपकी जमा पूंजी डूब भी सकती है. इसलिए हम आपको ऐसी स्कीम के बारे में बताएंगे जहां निवेश करने से आपको दूसरे विकल्पों के मुकाबले बेहतर मुनाफा मिल सकेगा. जी हां, हम बात कर रहे हैं पोस्ट ऑफिस की मंथली इनकम अकाउंट (Post office Monthly Income scheme) की जो आपकी जमा पूंजी को सुरक्षित रखती है. इसके साथ ही आपकी…

[postofficemiscalculator-blog]

Post Office MIS Calculator

Calculate monthly income from the post office on your investments with this online MIS calculator tool. All you need to do is enter the amount you have invested in the Post Office Monthly Income Scheme (POMIS), select the interest rate and click the 'Calculate' button. Find which are the best Post Office schemes to invest! https://miscalculator.xyz/

[healthhotspot]

Busting the Myth Around Monthly Income Plans

There are certain misconceptions among investors about monthly income plans (MIPs) of mutual funds. Here is what the MIPs are all about:-

What are MIPs? MIPs are hybrid mutual fund schemes, which invest 15 -25 per cent of the portfolio in equities and the balance in debt and money market instruments. As the name suggests, an MIP aims to provide investors with liquidity by offering dividends at regular intervals. Most investors even opt for monthly dividend option.

What MIPs are not? MIPs are not guaranteed or assured monthly income products. They are market-linked products and declaration of dividend is subject to the availability of distributable surplus.

Whom does it suit? Investors with a low-moderate risk appetite should invest in MIPs. Those who seek higher returns than those offered by fixed deposits or bonds and are willing to take on slightly higher risk should consider investing in MIPs. MIPs also appeal to investors in the higher tax bracket as these schemes offer better post-tax returns compared to other investment options such as fixed deposits.

What are the alternatives? If you are looking to invest in an MIP to ensure an assured monthly income flow, then the Post Office Monthly Income Scheme (POMIS) or a fixed deposit scheme with the monthly interest payout option should work out better for you

Myths and realities

Myth: MIPs offer regular monthly dividends Realty: Dividends are given at regular intervals - monthly, quarterly or half-yearly, not necessarily monthly

Myth: MIPs give assured dividend Reality: MIPs being market-linked tool, dividends are declared subject to the availability of distributable surplus and it's solely at the discretion of the fund house.

[evergreenclub991]

Promising Investments for Your Retirement Money

One of the stepping stones to a peaceful post-retirement life is investing your retirement money in stable and efficient options. This allows you to sustain the lifestyle you had while working. Before choosing your plan, it is vital to keep in mind factors like your initial capital and monthly living expenses. There are many options available in the market and picking one that suits you best can be tiresome. To learn more about safe ways to build your ideal investment portfolio, keep reading!

Prerequisites for investing after retirement:

Review your profile and identify the associated risks. Try to keep your profile as balanced as possible and be well-informed about the consequences.

Calculate how much you will need to pay for your bills and other monthly expenses. Plan your investments so that these expenses do not deplete your initial amount.

Better safe than sorry, have a clear understanding of the investments you are making. Analyse the risk and returns of each investment before committing to it.

Divide your investments, don’t pour all your funds into one type of investment, and avoid losing more than you can afford.

Have a reasonable amount of emergency funds that can act as a safety net in the case of a medical emergency or a bad investment.

So, you’ve gone through all the prerequisites, checked all the right boxes, and are now looking at a vast ocean of investment opportunities. Here are some of the most recommended investment plans for retirees that allow you to avoid tax liability and have a steady source of monthly income.

1. Senior Citizens’ Saving Scheme (SCSS):

As the name suggests, this scheme is only for citizens above the age of 60. It is one of the most popular choices among retirees as it provides an assured way to protect your initial capital. It offers the highest post taxable returns compared to other fixed-income taxable products, allows premature withdrawal, and is eligible for tax benefits.

With an upper investment limit of 15 lakhs, the freedom to open multiple accounts, a five-year tenure with an extension of three years, and a current interest rate of 8.6% per annum, SCSS is a post-retirement investment opportunity you don’t want to miss out on.

2. Fixed Deposits (FD) For Seniors:

One of the safest forms of investments as it is free from market variables and provides a fixed monthly or quarterly return based on your preference. Banks generally offer higher interest rates on FDs for senior citizens, that range anywhere between 5 to 9%.

The tenure period ranges from 12 months to 60 months; FD also offers higher liquidity and enables you to withdraw money whenever you require. Everything considered, an FD is a stable option and you should include it in your investment portfolio.

3. Post Office Monthly Income Scheme:

This unique investment opportunity for seniors offers considerable returns at an interest rate of 7.6% as per rates announced in Q2 2019. The maximum deposit allowed is 4.5 lakhs for single ownership and not more than nine lakhs for joint accounts.

Like Fixed Deposits, POMIS offers monthly returns that are not affected by market fluctuations and are taxable. Unlike a Fixed Deposit, POMIS has a fixed maturity period of 5 years. The best part? The monthly interest is directly credited to your savings account, so you can add it to your arsenal of investments.

4. Mutual funds:

“Mutual funds Sahi hai.” we’ve heard this statement one too many times. To retirees who are economically stable enough to invest in higher-risk alternatives, mutual funds are an exciting option. Investing in mutual funds can provide high returns but they are also highly volatile and are subject to market risks.

Identify the right risk profile for your current situation and allocate your funds accordingly. Retirees are urged to steer clear of thematic and funds including mid or small caps.

5. Debt funds:

A debt fund is a type of mutual fund but doesn’t have as much risk involved because they focus on fixed-income investments. They can provide returns as high as 15% of your investment per annum, are flexible, and provide liquidity, but charges may apply, and money cannot be withdrawn immediately. Nevertheless, long-term debt funds offer high returns based on market performance.

After retirement, the money you have worked tirelessly to save should work on its own to provide for your monthly expenses. Retirees are advised to construct an efficient investment portfolio that distributes their funds to several options by weighing the risk involved and meets their monthly financial requirements.

Make your savings work for you while you sit back and get a kick out of your retirement.

To avail more important information and attend the helpful sessions for seniors you can install Evergreen Club which is one of the best social networking apps for older adults.

Respond

[digimessiah]

A monthly Income Scheme (MIS) is an investment scheme that promises the investor guaranteed returns at an interest rate of 6.60% per annum. These returns can be availed as fixed monthly income.

Post Office Monthly Income Scheme (POMIS) is an investment scheme of the Indian postal service. It promises the investor guaranteed returns at 6.60% per annum in the form of fixed monthly income. Seasoned investors consider MIS to be one of the smartest investment plans to park funds as it gives you three merits – keeps your capital intact, yields better returns than debt instruments, and assures a fixed monthly income.

[poonamranius]

Post Office MIS Interest Rates : हर महीने आय की गारंटी, बैंक से मिलेगा ज्यादा ब्याज, जानिए डिटेल्स

Post Office MIS Interest Rates : भारत में ज्यादातर लोग चाहते हैं कि भले ही उनकी जमा राशि पर कम ब्याज दर मिले, लेकिन पैसा बिल्कुल सुरक्षित हो ! ऐसे लोग डाकघर मासिक आय योजना ( Post Office Monthly Income Scheme ) में पैसा रख सकते हैं ! एक सरकारी छोटी बचत योजना जो निवेशकों को हर महीने एक निश्चित राशि कमाने की अनुमति देती है ! Post Office MIS Interest Rates Post Office MIS Interest Rates दरअसल, भारत में पोस्ट ऑफिस ( Post Office ) के साथ निवेशकों का भरोसा का रिश्ता होता है ! अगर आप 5 साल के लिए निवेश करना चाहते हैं तो पोस्ट ऑफिस मंथली इनकम स्कीम ( Post Office Monthly Income Scheme ) आपके लिए एक बेहतर विकल्प है ! इस योजना ( POMIS ) में निवेश करने के बाद आपकी हर महीने एक निश्चित आय होगी और आपका पैसा भी पूरी तरह सुरक्षित रहेगा ! इस योजना में पैसे को सुरक्षित रखने के साथ-साथ ब्याज दर भी बैंकों से अधिक होती है ! पोस्ट ऑफिस मासिक आय योजना ( Post Office MIS Yojana) में आप एक खाते के माध्यम से न्यूनतम 1,000 रुपये और अधिकतम 4.5 लाख रुपये का निवेश ( Investment ) कर सकते हैं ! संयुक्त खाते में अधिकतम राशि की सीमा 9 लाख रुपये तक है ! यानी पति-पत्नी दोनों मिलकर एक ज्वाइंट अकाउंट में 9 लाख रुपये तक निवेश कर सकते हैं ! यह योजना (POMIS) सेवानिवृत्त कर्मचारियों और वरिष्ठ नागरिकों के लिए बहुत फायदेमंद है ! Post Office MIS Interest Rates इतना ही नहीं इस योजना ( Post Office Monthly Income Scheme ) में आप नाबालिग के नाम से जमा कर सकते हैं ! लेकिन ऐसे खाते में 3 लाख रुपये तक निवेश किया जा सकता है ! इस योजना ( POMIS ) के तहत जमा करने के लिए डाकघर में एक अलग पोमिस फॉर्म भरना होता है ! इस योजना में निवेश ( Investment ) करने से पहले ग्राहक को डाकघर बचत खाता खोलना होगा ! डाकघर मासिक आय योजना ( Post Office MIS Yojana ) वर्तमान में 6.6% वार्षिक ब्याज दर प्रदान करती है ! जो कि दूसरे फिक्स्ड डिपॉजिट और ऑप्शन से बेहतर हैं ! POMIS फॉर्म भरते समय, आपको पहचान प्रमाण, आवासीय प्रमाण, 2 पासपोर्ट आकार के फोटो की आवश्यकता होगी ! एक नामांकित व्यक्ति की जरूरत है ! योजना अवधि इस डाकघर मासिक आय योजना ( Post Office Monthly Income Scheme ) की परिपक्वता अवधि 5 वर्ष है ! अगर आप समय से पहले पैसे निकाल लेते हैं तो आपको नुकसान उठाना पड़ सकता है ! एक वर्ष के भीतर निकासी का कोई प्रावधान नहीं है ! अगर आप 3 साल से पहले पैसा निकालते हैं तो आपको 2 फीसदी जुर्माना देना होगा ! 3 साल से 5 साल के भीतर निकासी पर 1% की कटौती की जाती है ! इस खाते के लाभ (Post Office Monthly Income Scheme Benefits) आप इस अकाउंट ( POMIS Account ) को एक पोस्ट ऑफिस से दूसरे पोस्ट ऑफिस ( Post Office ) में ट्रांसफर करवा सकते हैं ! आप 5 साल की मैच्योरिटी के बाद राशि का पुनर्निवेश ( Investment ) कर सकते हैं ! इसमें एक नॉमिनी को नियुक्त किया जा सकता है, ताकि नॉमिनी को दुर्घटना की स्थिति में राशि मिल सके ! एमआईएस योजना ( MIS Yojana ) में टीडीएस नहीं काटा जाता है, बल्कि ब्याज पर टैक्स देना होता है ! मासिक खाते में आने वाली राशि का निर्धारण कैसे होता है? उदाहरण के लिए, यदि आप डाकघर मासिक आय योजना ( Post Office Monthly Income Scheme ) में खाते के माध्यम से 4,50,000 लाख रुपये जमा करते हैं, तो कुल ब्याज दर 6.6 प्रतिशत प्रति वर्ष की दर से 29,700 रुपये होगी ! जो 2475 रुपये प्रति माह होगा ! यानी 4,50,000 रुपये के निवेश पर हर महीने 2475 रुपये का ब्याज मिलेगा ! वहीं, डाकघर मासिक आय योजना ( POMIS ) में संयुक्त खाते के माध्यम से 9 लाख रुपये जमा किए गए हैं ! 6.6 प्रतिशत प्रतिवर्ष की ब्याज दर के अनुसार इस राशि पर कुल ब्याज 59,400 रुपये होगा ! इस तरह हर महीने का ब्याज ( Post Office MIS Account Interest Rate ) करीब 4950 रुपये होगा ! Read the full article

[fridgepack15]

What are the Investment options for pensioners and senior citizens?

Retirement is a crucial stage of life that everyone goes through. And when it comes to planning for your retirement, it looks like a continuous and lifelong process that evolves over time. Whether you are salaried or an entrepreneur, everyone expects to secure their lives after retirement. And, while it is important to plan at every stage of life to secure your life post-retirement, it is also normal to look out for investment options post-retirement. After retirement, income stops but expenses don’t. Considering the inflation rate and high standard of living of the decade, a regular monthly pension is no longer sufficient. We have got a few investment options for senior citizens and pensioners that may help you reduce your stress. Take a look.

Senior Citizen Savings Scheme (SCSS)

A Senior Citizens’ Saving Scheme (SCSS) is a government-backed retirement initiative Indian Senior citizens can invest a lump sum amount in the scheme, individually or jointly, and draw regular income along with tax benefits. If the bank allows, one can open the SCSS online account through internet banking or mobile banking app.

Senior Citizen Fixed Deposits Senior Citizen Fixed Deposits (FDs) offer special interest rates to individuals who are over the age of 60. These FDs have a wide range of benefits attached to them. It creates a safe space for the money to grow at a steady pace. It can also help in saving tax if it is a 5-year tax saver FD.

Pradhan Mantri Vaya Vandana Yojana It is a scheme operated by Life Insurance Corporation (LIC). It is a low-risk investment pension plan for people only over 60 years of age. With a tenure of 10 years, it offers an interest rate of 7.4% for the ongoing financial year. Post Office Monthly Income Scheme (POMIS) POMIS is a government of India-backed small savings scheme that allows the investor (s) to set aside (save) a specific amount every month. This scheme has a tenure of 5 years and once invested the interest rates continue to remain constant till maturity.

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Plan Your Finance Before Your Retirement

The word “Retirement” sounds very peaceful, you might think that retirement means to relax, seven-day weekends, unlimited vacation, sleeping till late afternoon and the list goes on, but if your finances are not well planned then your retirement might get a little chaotic. We have a few golden ways to make your golden years beautiful.

Senior Citizens’ Saving Scheme(SCSS)

There is a Scheme called Senior Citizens’ Saving Scheme(SCSS) which is a must for senior citizens to have in their investment portfolios.  This scheme is only available for senior citizens or early retirees. This scheme can be availed from a post office or a bank by anyone who is above 60. Any early retirees can invest in this scheme but they have to do it before three months of receiving their retirement funds. It has a five-year tenure which can also be extended by three years once the scheme matures.

Post Office Monthly Income Scheme(POMIS)

This scheme is a five-year investment. The investment in this scheme doesn’t qualify for any tax benefit and the interest is completely taxable. The interest can be directly credited to the saving account instead of going to the post office each month.

Bank Fixed Deposits (FDs)

FDs are the popular choice that the retirees choose. The safety and fixed returns go well with the retirees. However, the interest rate has been falling over the years. For people who are looking to save their tax then FD can be a better option. The investment made in this account qualifies for Section 80C tax benefit. Even though the interest income is taxable, there is an amount of tax which are saved at least in the year of investment. There are many banks that offer a rate that is slightly lower than the non-tax saver deposit rates.

Mutual Funds (MFs)

When a person retires and there are times when the non-earning period extends for another two decades or more, investing a portion of the retirement funds is important. Retirement income through interest, dividends, etc. can cause inflation in retired days. Retirees are always advised to stay away from sectoral funds, mid and small caps. It’s a basic idea to generate stable returns.

One must plan well about their finances before retirement to have a happy life. Retirement is the time of life when the retiree feels like enjoying their days and spending them lavishly. If one has planned it well with all the schemes and advantages then the retirement life will be fun and carefree.

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Why POMIS is a safe monthly income option

Why POMIS is a safe monthly income option

If you are looking for low-risk investment options that offer regular monthly income, consider post office monthly income scheme (POMIS). This product offers higher interest rate compared to similar fixed deposit (FD) options from banks and is a government-backed savings scheme with a tenure of five years. The minimum investment amount is ₹1,000. The maximum limit is ₹4.5 lakh in a single account…

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Plan Your Finance Before Your Retirement

The word “Retirement” sounds very peaceful, you might think that retirement means to relax, seven-day weekends, unlimited vacation, sleeping till late afternoon and the list goes on, but if your finances are not well planned then your retirement might get a little chaotic. We have a few golden ways to make your golden years beautiful.

Senior Citizens’ Saving Scheme(SCSS)

There is a Scheme called Senior Citizens’ Saving Scheme(SCSS) which is a must for senior citizens to have in their investment portfolios.  This scheme is only available for senior citizens or early retirees. This scheme can be availed from a post office or a bank by anyone who is above 60. Any early retirees can invest in this scheme but they have to do it before three months of receiving their retirement funds. It has a five-year tenure which can also be extended by three years once the scheme matures.

Post Office Monthly Income Scheme(POMIS)

This scheme is a five-year investment. The investment in this scheme doesn’t qualify for any tax benefit and the interest is completely taxable. The interest can be directly credited to the saving account instead of going to the post office each month.

Bank Fixed Deposits (FDs)

FDs are the popular choice that the retirees choose. The safety and fixed returns go well with the retirees. However, the interest rate has been falling over the years. For people who are looking to save their tax then FD can be a better option. The investment made in this account qualifies for Section 80C tax benefit. Even though the interest income is taxable, there is an amount of tax which are saved at least in the year of investment. There are many banks that offer a rate that is slightly lower than the non-tax saver deposit rates.

Mutual Funds (MFs)

When a person retires and there are times when the non-earning period extends for another two decades or more, investing a portion of the retirement funds is important. Retirement income through interest, dividends, etc. can cause inflation in retired days. Retirees are always advised to stay away from sectoral funds, mid and small caps. It’s a basic idea to generate stable returns.

One must plan well about their finances before retirement to have a happy life. Retirement is the time of life when the retiree feels like enjoying their days and spending them lavishly. If one has planned it well with all the schemes and advantages then the retirement life will be fun and carefree.

[poonamranius]

Post Office all Savings Schemes : हर महीने 10 हजार का निवेश करें और पाएं 16 लाख

Post Office all Savings Scheme : भारतीय डाक (India Post) विभिन्न प्रकार के निवेशकों के लिए ढेर सारी निवेश योजनाएं प्रदान करता है, जिनमें व्यक्ति, बालिकाएं भी शामिल हैं ! सभी डाकघर (Post Office) निवेश योजनाएं रिटर्न की गारंटी देती हैं क्योंकि भारत सरकार इसका समर्थन करती है ! इसके अलावा, कुछ डाकघर निवेश योजनाएं (Post Office Investment Schemes) निवेश पर 1.5 लाख रुपये तक कर लाभ प्रदान करती हैं ! इस लेख में विभिन्न डाकघर बचत योजनाओं (Post Office Savings Schemes) और डाकघर योजनाओं के लाभों के बारे में विस्तार से बताया गया है ! Post Office all Savings Scheme Post Office all Savings Scheme डाकघर बचत खाता (Post Office Saving Account) डाकघर बचत खाता (Post Office Savings Account) उन योजनाओं में से एक है जो डाकघर (Post Office) प्रदान करता है ! कोई भी व्यक्ति डाकघर में कम से कम 20 रुपये से बचत खाता खोल सकता है ! डाकघर बचत खाते की ब्याज दर (Post Office Savings Account Interest Rate) लगभग 4% है, और ब्याज की गणना हर महीने की जाती है ! साथ ही, आयकर नियमों के अनुसार, प्रति वर्ष 50,000 रुपये से कम की ब्याज राशि जमाकर्ता के हाथों में कर-मुक्त है ! डाकघर आवर्ती जमा खाता (Post Office all Savings Scheme) 5 वर्षीय डाकघर आवर्ती जमा (Post Office Recurring Deposit) खाता निवेशकों को मासिक आधार पर बचत करने की अनुमति देता है ! ब्याज तिमाही आधार पर चक्रवृद्धि होता है ! इस पोस्ट ऑफिस स्मॉल सेविंग्स स्कीम (Post Office Small Savings Scheme) में कुल 60 मासिक किश्तें हैं ! डाकघर आरडी (Post Office RD) उन व्यक्तियों के लिए उपयुक्त है जो नियमित मासिक जमा के माध्यम से बचत करना चाहते हैं ! इस योजना के लिए डाकघर बचत ब्याज दर 5.8% प्रति वर्ष है ! निवेशक RD कैलकुलेटर का उपयोग करके RD निवेश से अपने रिटर्न का अनुमान लगा सकते हैं ! डाकघर सावधि जमा खाता (Post Office Fixed Deposit Account) डाकघर के सावधि जमा खाते (Post Office Fixed Deposit Accounts) में निवेश के लिए न्यूनतम 1,000 रुपये की आवश्यकता होती है !  कोई भी व्यक्ति निम्नलिखित में से किसी भी अवधि के लिए टीडी खाता खोल सकता है; एक साल, दो साल, तीन साल और पांच साल !  इसके अलावा, जमाकर्ता ब्याज के पुनर्निवेश का विकल्प चुन सकते हैं ! निवेशक सालाना 1.5 लाख रुपये तक के टैक्स बेनिफिट का दावा कर सकते हैं ! जब वे आयकर रिटर्न दाखिल करते हैं तो वे कर लाभ का दावा कर सकते हैं ! डाकघर मासिक आय योजना खाता (Post Office Monthly Income Scheme) भारत सरकार POMIS का समर्थन करती है ! हर तिमाही में ब्याज दरों की घोषणा की जाती है ! मौजूदा ब्याज दर 6.60% (जनवरी-मार्च 2021 तिमाही के लिए) है डाकघर मासिक आय योजना (Post Office Fixed Deposit Accounts) के लिए न्यूनतम राशि INR 1,500 है, और अधिकतम सीमा INR 4,50,000 प्रति व्यक्ति है ! हालांकि, संयुक्त होल्डिंग के लिए, अधिकतम सीमा INR 9,00,000 है ! साथ ही, कोई भी व्यक्ति अपने POMIS खाते को एक डाकघर से दूसरे डाकघर में स्थानांतरित कर सकता है वरिष्ठ नागरिक बचत योजना (Senior Citizen Saving Scheme) डाकघर बचत योजना (Post Office Savings Scheme) जमाकर्ताओं के लिए नियमित आय के साथ-साथ सुरक्षा भी प्रदान करती है !  नियमित आय ब्याज भुगतान के रूप में होती है !  ब्याज की गणना हर तिमाही में की जाती है और निवेशक के खाते में जमा की जाती है ! ब्याज दरों को हर तिमाही संशोधित किया जाता है !  चालू तिमाही के लिए SCSS ब्याज दर 7.40% है न्यूनतम निवेश राशि INR 1,000 और अधिकतम INR 15,00,000 है !  इस डाकघर बचत योजना (Post Office Savings Yojana) में पांच साल की लॉक-इन अवधि हैहालांकि, ब्याज आय कर योग्य है ! साथ ही, टीडीएस 50,000 रुपये से ज्यादा का ब्याज होने पर भी काटा जाता है ! भविष्य निधि खाता  (Public Provident Fund) पब्लिक प्रोविडेंट फंड (Public Provident Fund) द्वारा शुरू की गई एक डाकघर बचत योजना है ! यह योजना भारत सरकार के समर्थन के रूप में रिटर्न की गारंटी देती है मौजूदा तिमाही (जनवरी 2021-मार्च 2021) के लिए पीपीएफ की ब्याज दर 7.1% है पीपीएफ निवेश की 15 साल की निश्चित अवधि होती है ! एक बार निवेश करने के बाद, निवेश 15 साल के कार्यकाल के लिए लॉक-इन होता है ! निवेशक 5 साल के अंत में निकासी कर सकते हैं ! वे पिछले वर्ष या 4 के अंत के संतुलन के केवल 50% वापस ले सकते हैं वें साल ! निवेशक 1% के जुर्माने के साथ अपने पीपीएफ खाते (PPF Accounts) को समय से पहले बंद करने का विकल्प चुन सकते हैं ! किसान विकास पत्र (Kisan Vikas Patra) किसान विकास पत्र (Kisan Vikas Patra ) किसानों के लिए शुरू की गई एक छोटी बचत योजना है ! निवेशक इस योजना में कम से कम 1,000 रुपये की राशि के साथ निवेश कर सकते हैं ! 18 वर्ष और उससे अधिक आयु के भारतीय नागरिक किसी भी स्थानीय डाकघर में केवीपी (KVP) योजनाओं में निवेश कर सकते हैं ! INR 50,000 से अधिक के निवेश के लिए प्रमाण के रूप में पैन कार्ड की आवश्यकता होती है ! और INR 10 लाख से अधिक के निवेश के लिए, निवेशकों को आय प्रमाण प्रस्तुत करने होंगे ! Read the full article