Now old/sick/incapacitated persons can send an authorized person to Post Office for withdrawal or closure of the account on their behalf.
With a view to enabling the old/sick/incapacitated account holders, the postal department has allowed senior citizens, differently disabled persons, and persons with physical infirmity to authorize a person to operate their post office accounts such as the Senior Citizens Savings Scheme (SCSS), Post Office time deposits, savings account, etc. Up till now, the above facility…
Read article
Subscription for Sovereign Gold Bond opens from 09/08/2021 to 13/08/2021
RBI announces issuance of Sovereign Gold Bond 2021-22 Series-V from August 9, 2021, to August 13, 2021. The nominal value of the bond based on the simple average closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three business days of the week preceding…
Read article
Now as a retail investor you can open an ‘RBI Direct’ gilt account
The Reserve Bank of India in its ‘Statement of Developmental and Regulatory Policies’ dated February 05, 2021 for improving ease of access by retail investors through online access to the government securities market – both primary and secondary – along with the facility to open their gilt securities account (‘Retail Direct’) with the RBI. The…
Read article
Interest rates of PPF, NSC, and other small saving schemes kept unchanged for July-Sept 2021
The government has decided to keep the interest rates for small savings schemes unchanged for the July-September quarter, the fifth in a row. The last revision in small savings rates was for April-June 2020. This was announced by the finance ministry via a circular dated June 30, 2021. Thus, the interest in the small savings…
Read article
Pension equivalent to 90% of wage extended to dependents of COVID-19 victims under ESIC scheme: Govt
The Ministry of Labour and Employment on Sunday announced additional benefits for workers through social securities schemes run by the EPFO and the ESIC amid the COVID-19 pandemic. “The Ministry of Labour and Employment has announced additional benefits for workers through ESIC and EPFO schemes to address the fear and anxiety of workers about well…
Subscription for Sovereign Gold Bond Scheme 2021 Series III opens from May 31
In terms of GoI notification F.No.4(5)-B(W&M)/2021 and RBI press release dated May 12, 2021, the Sovereign Gold Bond Scheme 2021-22 – Series III will be open for subscription for the period from May 31, 2021 to June 04, 2021. The nominal issue price per gram of gold for off-line subscriber is Rs.4889 (Rupees Four thousand…
Read article