While using the family to save tax is legal and smart, ensure you use the ones where clubbing income laws isn't a concern, advises Bindisha Sarang.
Such holders will earn only post office savings account rate of 4 per cent and not the higher rate on those instruments when the status was one of resident.
Rediff readers tell us about their first salary.
The world's largest postal service is stepping in to help deliver lifesaving medicines during a countrywide lockdown aimed at tackling the coronavirus pandemic.
Mumbai's first Mahila Dak Ghar, a post office entirely operated by women staff, was inaugurated in Mumbai on Friday.
A gunman has taken at least two people hostage in post office northwest of Paris, French media reported.
'He was asked to do the KYC again because the earlier exercise would not do as they were 'computerising.' 'Getting the records transferred to the reluctant computer would take time and so he was advised to come a few weeks later.' 'My only prayer is that post offices will survive the modernisation process with at least some customer base intact,' says Subir Roy.
"We have food, wine, cheese from Portugal. We set up a table, share it with people, and talk about our cultures."
It lacks experience in financial sector that other applicants have demonstrated.
West Bengal Chief Minister Mamata Banerjee, who has sought to blame the Centre for the chit fund scam, has claimed that the central government reduced the rate of interest in small savings to drive depositors towards ponzi schemes.
Former cycling champion Lance Armstrong on Thursday agreed to pay $5 million to settle a federal suit claiming he defrauded his sponsor, the U.S. Postal Service, by using performance-enhancing drugs, his attorney and federal officials said.
SBI has twice hiked interest rates on fixed deposits within a month, but an investor still gets better returns at the post office.
When he is not solving advanced math problems, Floyd Fernandes gives away the kind of information that music buffs spend thousands on, finds Sumit Bhattacharya.
On his PIL, the SC had in 2013 directed the Centre and the states to set up a Civil Services Board to decide on transfers of officers.
There are reasons to limit your exposure, even with the rise in rates of small savings schemes.
Machines obey bumbling humanity in ageless India.
As Venezuelans continue to flee the starvation, crime and the horrific inflation that continues to mark the worst crisis it has ever faced, Radha Biswas looks back at a devastated country she continues to love deeply.
Demonetisation is the biggest reason for the rise in preference for small savings.
The Postal Department has geo-tagged more than 1,50,000 post offices on geo-portal Bhuvan, developed by ISRO
Do you know what kind of currency notes are illegal?
The department has joined hands with BSNL and Pantel Technologies.
The postal department would be floating tenders for procurement of hardware and development of software. Pilots will be held in rural and urban post offices and the final roll out will be completed by September 2012.
P Murugesan has been sending telegrams for 33 years in rural Tamil Nadu. He remembers hectic marriage seasons, many moons ago, when everyone sent telegrams. And days when even 15 Morse machines could not handle the load...
Pressing his party's demand for employment to 'sons of soil', Maharashtra Navnirman Sena chief Raj Thackeray has warned the post master general to give priority to locals for the post office jobs or else cancel the recruitment procedure.
Pressing his party's demand for employment to 'sons of soil', Maharashtra Navnirman Sena chief Raj Thackeray has warned the postmaster general to give priority to locals for the post office jobs or else cancel the recruitment procedure.
Here's what you must know about the Post Office Monthly Income Scheme and why it offers risk-free returns on your investments.
Bulk seizures of new currency continued on Saturday with some more incidents being reported, including one in which the IT department recovered Rs 5.7 crore cash in new notes secretly stashed inside the bathroom tiles of a hawala dealer in Chitradurga district in Karnataka.
You shouldn't miss a visit to Sadashivgad beach and Gopalpur beach!
The Department of Communication and Journalism located in Ranade Institute building in Deccan area here, got the packet, with content similar to what was found in the FTII parcel on Saturday.
Shifra Menezes shares her Christmas wishlist with us -- and you can too!
People are increasingly being drawn to trusty small savings instruments
The receipts have risen after falling for two successive years. Within the gainers among the small savings schemes, the maximum increase was seen in the case of post bank deposits, which had bucked the trend in earlier years as well. During 2008-09, the total receipts were estimated to have increased by 21.65 per cent to Rs 52,513 crore, as against Rs 43,165 crore. The outstanding under the scheme rose 12.27 per cent to Rs 22,217 crore.
The gold coins will be sold in over 100 post offices in Delhi, Tamil Nadu, Maharashtra and Gujarat in the pilot phase, Minister for Communications and Information Technology A Raja said after launching the service. India Post launched the new service on Wednesday in association with the World Gold Council and the Anil Ambani Group's financial services firm Reliance Money.
The vertical will be based out of Bengaluru.
A postman is well-versed within the area he is allocated and is still a vital link in many rural parts.
The Centre has to bear the maximum burden of borrowing NSSF loans to the tune of Rs 1 lakh crore.
Concerned over the declining trend of the deposits in post office small saving schemes, the Ministry of Communications has requested Finance Minister P Chidambaram to revise the interest rate upward on these small saving schemes. During 2007-08 (till the month of February), these schemes witnessed a negative growth of around 10 per cent with the total amount of withdrawal surpassing the total deposits.
Locating an address using mobile global positioning system (GPS) will soon require you to key in just a six-digit code. Officials say the postal department is working on "Pin-Plus," a new pin code that will give the exact location of a house or an office. The code will help companies sort out mails between different departments and make delivery of bulk mails much easier.
The World Gold Council initiates micro-finance scheme to promote investments by low-income groups.
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