What happens to your money if the put up office shuts down?
In this form, your invested money is rarely any longer going to transfer any place even though authorities organizations take care of Put up Administrative center shut down. The shrimp financial savings schemes with Put up Administrative center comparable to Kisan Vikas Patra are offering better hobby rates if we evaluate them with the schemes of about a of the main Indian banks.
The Indian authorities has introduced a brand contemporary scheme that would possibly perhaps double your money when you occur to take a position within the put up office. The scheme is named the Put up Administrative center Financial savings Plot and it affords a return of 12% per annum. The scheme is initiate to all Indian electorate and likewise you would possibly perhaps maybe perhaps invest no longer less than Rs 1,00,000 to a maximum of Rs 2,00,000. The funding would possibly perhaps perhaps be locked in for a length of 124 months and likewise you are going to be unable to withdraw your money for the duration of this length. The hobby earned on the funding would possibly perhaps perhaps be taxable.