Delhi To Get Its Own 'Next Gen' Board & Here’s What It Means For CBSE, National : Today Indya

Delhi To Get Its Own 'Next Gen' Board & Here’s What It Means For CBSE

National

so.city

Delhi’s education system is about to get an overhaul and we might have a brand new ‘next-generation’ board that’ll help you with entrance exams as well. Here’s what this will mean for CBSE affiliated schools and the students under the board.

It’s Never Too Late To Learn Something | Delhi might now be all set to have a board of its own which is supposedly going to be a ‘next generation’ board. However, this does not mean that CBSE will be replaced. This new board is going to focus on preparing students for their entrance exams like JEE and NEET along with teaching them other subjects for which they earlier used to go to coaching centres.

Plus, there would also be a grading system according to which they’d be marked depending on what they want to pursue. Like, if you want to pursue journalism, then scoring an A in language and a C in Science would be acceptable.

Article Original Source : https://so.city/delhi/article/delhi-to-get-its-own-next-gen-board-heres-wha...

Better than SBI! Post Office Fixed Deposit gives this return with Rs 50000, Rs 100000, Rs 150000, Rs 200000

National

Financialexpress

Post Office vs SBI Fixed Deposit rates: If you are a Fixed Deposit (FD) enthusiast, you may be wondering these days - where to invest?

Post Office vs SBI Fixed Deposit rates: If you are a Fixed Deposit (FD) enthusiast, you may be wondering these days – where to invest? As banks respond to falling interest rates by reducing the interest rates on term, or fixed, or time deposit plans, the choice for depositors are getting narrower. The country’s largest lender, State Bank of India (SBI) once again announced to cut its Fixed Deposit rates for certain tenors on Monday.

The highest interest rate offered by the SBI is now just 6.50 percent on term deposits for 1 to less than 2 years. On deposits for 3 to less than 5 years and 5 to10 years, SBI is offering 6.25 percent interest.

If you are looking for a better and reliable place to open an FD account, and get better returns than SBI, the humble post office near you may provide the answer. Here is a comparison for your consideration:

Post Office Time Deposit Interest Rates

1-year: 7%

2-year: 7%

5-year: 7.7%

SBI Fixed Deposit Interest Rates

1-year: 6.50%

2-year: 6.25%

5-year: 6.25%

Suppose you plan to invest Rs 50,000, Rs 1,00,000, Rs 1,50,000 and Rs 2,00,000 in any of these term plans mentions. Here’s how your money will likely grow in SBI and Post Office*:

SBI	Rs 50,000	Rs 1,00,000	Rs 1,50,000	Rs 2,00,000
1-year	Rs 53330	Rs 106660	Rs 159990	Rs 213320
2-year	Rs 56602	Rs113205	Rs 169808	Rs 226410
5-year	Rs 68176	Rs 136353	Rs 204530	RS 272707

Post Office	Rs 50,000	Rs 1,00,000	Rs 1,50,000	Rs 2,00,00
1-year	Rs 53593	Rs 107186	RS 160779	RS 214372
2-year	Rs 57186	Rs 114372	Rs 171558	Rs 228744
5-year	Rs 69813	RS 139626	Rs 209439	Rs 279252

(*Calculations done with SBI FD maturity calculator, National Saving Interest Calculator of National Savings Institute)

You can see from the above chart that Post Office term plans will give better returns than SBI fixed deposits or 1, 2 and 5 years respectively.

Post Office also offers other investment instruments like National Savings Certificates, Kisan Vikas Patra, Senior Citizens Savings Scheme, Monthly Income Scheme, Public Provident Fund etc with interest rates over 7 percent. The interest rates of Post Office small savings schemes are revised quarterly by the government.

Article Original Source : https://www.financialexpress.com/money/sbi-vs-post-office-fixed-deposit-int...