Following changes has been made /proposed for Small Savings for investors . Further as we have earlier informed you that deduction limit un...
Following changes has been made /proposed for Small Savings for investors . Further as we have earlier informed you that deduction limit under section 80C has been increased to Rs.150000/-
- Kissan Vikas Patra (KVP) to be reintroduced.
- A special small savings instrument to cater to the requirements of educating and marriage of the Girl Child to be introduced.
- A National Savings Certificate with insurance cover to provide additional benefits for the small saver.
- In the PPF Scheme, annual ceiling will be enhanced to Rs 1.5 lakh p.a. from Rs 1 lakh at present.
Notification for all these schemes is yet to be released by concerned department. all these changes are beneficial for small investors.
Further it is proposed to form a commitee which will to examine and recommend how unclaimed amounts with PPF, Post Office, saving schemes etc. can be used to protect and further financial interests of the senior citizens.