NJR MONEY

'Kisan Vikas Patra' is a certificate scheme from the India Post. Initially, it was meant for farmers (Kisans) to enable them to save for long periods, and hence the name is "Kisan Vikas Patra". Now, it is available for all. A/c Opening: Who can open - A single adult Person Up to 3 adults, can open Joint Account A guardian on behalf of minor or on behalf of person of unsound mind A minor, who is above 10 years (in his own name). Before you go to open KVP A/c, remember that: Person who wants to open KVP account should have to mandatorily submit AADHAAR number as proof of identity of A/c holder. PAN Card is compulsory for investments above Rs. 50,000. Also, for depositing Rs. 10 lakhs and above, you must need to submit income proofs i.e. salary slips, bank statement, ITR document etc. KVP certificate issuance: If amount is invested through cash, they issue the KVP Certificate on the spot.  And in case of Cheque, Demand Draft or Money Order, they will issue KVP C...

Today in this blog, we are discussing about Sukanya Samridhi Yojna Who can Open Account: A legal Guardian/Natural Guardian can open A/c in the name of their Girl Child. A guardian can open only 1 A/c in the name of one girl child and maximum 2 A/cs in the name of two different Girl childs. A/c can be opened up to age of 10 years from the date of birth. Online Deposit facility is available through Netbanking and IPPB Saving Account. Deposit Amount: In a financial year, minimum ₹ 25​0/- and Maximum ₹ 1,50,000/-.  Subsequent deposit in multiple of INR 50/-  Deposits can be made in lump-sum. You can deposits number of times in A/c because there is no limit on number of deposits either in a month or in a Financial year Penalty for Non-deposit: If minimum Rs 25​0/- is not deposited in a financial year, account will become discontinued & can be revived with a penalty of Rs 50/- per year with minimum amount required for deposit for that year. Duration of Account: Deposits may ...

Senior Citizen Savings Scheme (SCSS) Eligibility: An individual of the Age of 60 years or more may open the account. An individual of the age of 55 years or more but less than 60 years who has retired on superannuation or under VRS can also open account subject to the condition that the account is opened within one month of receipt of retirement benefits and amount should not exceed the amount of retirement benefits A retired personnel of Defence Services (excluding Civilian Defence employees) shall be eligible to open an account under this Scheme on attaining the age of 50 years subject to the fulfilment of other specified conditions. Account Opening: A depositor may operate more than one account in individual capacity or jointly with spouse (husband/wife) Joint account can be opened with spouse only and first depositor in Joint account is the investor. There shall be only one deposit in the account in multiple of INR.1000/- maximum not exceeding INR 15 lakh. Account can be opened by ...