Which saving scheme is best in Post Office 2020?
Which saving scheme is best in Post Office 2020?
Public Provident Fund (PPF) Investing in the PPF scheme of the post office is considered the safest. Public Provident Fund (PPF) is a 15-year long-term investment scheme that currently offers compound interest of 7.1 per cent per annum. There is no minimum or maximum age limit to join this scheme.
Which is best scheme in post office?
Comparison of the various Post office savings schemes
| Scheme | Interest Rate | Minimum Investment |
|---|---|---|
| National Savings Certificates (NSC) | 6.8% p.a. (Compounded annually) | Rs 100 |
| Kisan Vikas Patra (KVP) | 6.9% p.a. (Compounded annually) | Rs 1,000 |
| Sukanya Samriddhi Accounts | 7.6% p.a. (Compounded annually) | Rs 1,000 per financial year |
What is the interest rate at Bangladesh Post Office?
Bangladesh post office provides savings banking facilities to the mass people along with its principal services. It provides lucrative interest rate rather than the conventional banking. Currently, it provides 7.5 per cent simple interest rate for customer’s savings bank account.
Which is the risk free Savings Certificate in Bangladesh?
Sanchayapatra (সঞ্চয়পত্র), also known as National Savings Certificate in Bangladesh, is regarded as the risk-free investment in Bangladesh. Over the years, it has become a part of the savings mobilization scheme of the Government of the People’s Republic of Bangladesh.
Why are there savings accounts in post offices?
Savings accounts in post offices saw soaring deposits in recent years thanks to high interest rates offered by the government to tempt people in urban and rural areas to use formal channels for parking their funds.
How to open a savings account in Bangladesh?
Visit the Bangladesh bank to open the Sanchayapatra Account. Go to the help desk and ask the officer about account opening procedures. The officer will give you a form. Fill up the form with the necessary information. Make sure all the information you have given is accurate. Now submit the form with proper documents to the officer.
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