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Interest rates on post office saving schemes increased

Interest rates on post office saving schemes increased

The government on Friday increased interest rates on deposit schemes offered by post offices, like savings account, Monthly Income Scheme and Public Provident Fund.

While post office savings accounts (POSA) will fetch 4 percent interest, up from 3.5 percent, the Monthly Income Scheme (MIS) and the Public Provident Fund (PPF) will earn an interest of 8.2 percent and 8.6 percent respectively, a government release said on Friday.

The maximum increase is in the one-year fixed deposits-- from 6.25 percent to 7.7 percent. The interest rate on other time maturities has been hiked as well.

Freezing of Group ‘C’ & ‘D’ vacancies

Freezing of Group ‘C’ & ‘D’ vacancies in Railways.

GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
RAILWAY BOARD

No.2011/M(N)/951/14

New Delhi, dated 10.10.2011

The Chief Mechanical Engineers
All Indian Railways

Sub:- Freezing of Group ‘C’ & ‘D’ vacancies

   CRB has desired that keeping in view the large number of vacancies on date in Group ‘C’ & ‘D’, an attempt should be made to freeze those posts which are not required so that these can be utilized for creation of posts required for future development and expansion of the Railways.

   In this connection, all the Zonal Railways are requested to undertake the following exercise:



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