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Further, the monthly income of the worker should be below ₹ 15,000 (US$180). Under the scheme, the subscriber will receive a minimum assured pension of ₹ 3,000 (US$35) per month [4] after attaining the age of 60 years. However, to benefit from the scheme, workers have to contribute ₹55 monthly (for age 18) and it varies according to age.
The post office offers a number of savings plans, including recurring deposit accounts, Sukanya Samriddhi Account (SSA) is also known as Sukanya Samriddhi Yojana [54] (SSY), National Savings Certificates (NSC), Kisan Vikas Patra (KVP), the Public Provident Fund, [55] savings-bank accounts, [55] monthly-income plans, [55] senior-citizens ...
A recurring deposit is a special kind of term deposit in India that is offered by Indian banks and India Post which helps people with regular incomes to deposit a fixed amount every month into their recurring deposit account and earn interest at the rate applicable to fixed deposits. [1] [2]
Other similar government savings schemes in India include: Public Provident Fund (PPF), Post Office Fixed Deposit, Post Office Recurring Deposit, etc. [3] The certificates were heavily promoted by the Indian government in the 1950s after India's independence, to collect funds for nation-building
Post Net Salary per month (including other emoluments and allowances) All emoluments and allowances References 1 President ₹ 500,000 (US$5,900) + Other allowances fixed to the President. [1] [2] [3] 2 Vice President ₹ 400,000 (US$4,700) + Other allowances fixed to the Vice President. [4] [5] [3] 3 Prime Minister ₹ 280,000 (US$3,300)
The scheme currently provides an interest rate of 8.2% [3] (For Jan -Mar 2024 quarter) and tax benefits. The account can be opened at any India Post office or branch of authorized commercial banks. The Sukanya Samriddhi Account Rules, 2016 was rescinded on 12 December 2019 and the new Sukanya Samriddhi Account Scheme, 2019 was introduced. [4]
Michelle, 60, has often sat near former President Bush, 78, at other public events in which all living presidents gather, such as funerals for high-profile U.S. politicians.
Eighty per cent of households are being paid directly through bank/post office accounts, and 10 crore (100 million) new bank/post office accounts have been opened. The average wage per person-day has gone up by 81 per cent since the Scheme’s inception, with state-level variations.