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The Senior Citizen Savings Scheme (SCSS) maintains an 8.2% interest rate for Q1 2026 (Jan-Mar), unchanged from prior quarters and higher than most bank FDs, with a maximum deposit of Rs 30 lakh over a 5-year tenure extendable by 3 years. Here is how much interest you get monthly for Rs.25 lakhs deposit?
The central government is expected to announce a higher Provident Fund interest rate for EPF members after Holi. The rate may rise from 8.25% to 8.35%, benefiting nearly 8 crore employees across India. If approved, the increased interest will be automatically credited to PF accounts by June. Higher balances could earn significant interest, offering stronger long-term savings support to salaried em
The Post Office Time Deposit Scheme offers government-backed, low-risk investments with tenures from 1 to 5 years and interest rates of 6.9% to 7.5%. A Rs 4.5 lakh investment over 5 years at 7.5% yields about Rs 6.51 lakh at maturity, with Rs 2.01 lakh from interest alone.
Union Budget 2026 has clarified a crucial tax benefit for self-occupied home loan borrowers. The government confirmed that the ₹2 lakh deduction on home loan interest will continue to include pre-construction or prior-period interest under the new Income Tax Act, 2025. This removes ambiguity and protects deductions for middle-class homeowners who paid interest before possession, ensuring continuit
US President Donald Trump’s recent push to cap credit card interest at 10% has sparked debate on whether India could follow suit. In December 2024, the Supreme Court ruled in Hongkong & Shanghai Banking Corporation vs Awaz that consumer forums cannot impose interest rate caps if RBI has not set one. High rates alone are not unfair trade practices when disclosed upfront. RBI maintains rates are boa
Post Office Senior Citizen Savings Scheme (SCSS) remains the safest retirement income plan in 2025 with 8.2% interest and full government guarantee. Invest up to Rs.30 lakh lump sum and earn Rs.61,500 every quarter (Rs.20,500 monthly) tax-free under 80C up to Rs.1.5 lakh. Available for 60+ citizens, 55–60 VRS retirees and 50–60 defence personnel. 5-year tenure extendable by 3 years; interest paid
Millions of salaried workers could soon benefit from a higher Employees’ Provident Fund (EPF) interest rate, as the EPFO is reportedly evaluating an increase for the 2025 and 2026 financial years. Early discussions suggest that the central government may raise the rate to 9%, a notable jump from last year’s interest rate.
When we repay long-term loans such as home loans, we end up paying more in interest than the principal amount we borrowed. When we unexpectedly get extra money in hand, we can prepay it to reduce the interest. But once you prepay, you cannot withdraw that money for an emergency. A solution to this problem and a wonderful scheme that reduces the interest burden with the convenience of withdrawing
