Prime Minister Narendra Modi Invests in Post Office Savings Scheme Prime Minister Narendra Modi has invested in the National Savings Certificate (NSC) scheme, a government-backed savings instrument offered by the Post Office. The scheme, designed for risk-averse investors, guarantees fixed returns without exposure to market volatility. Modi’s investment in the NSC scheme has grown from 7.61 lakh rupees in 2019 to 9.12 lakh rupees as of the latest records. The NSC scheme provides a minimum investment threshold of 1,000 rupees, with no upper limit on contributions. Investors benefit from a fixed interest rate of 7.7% annually, compounded yearly. This means that the returns grow over time, with the principal amount earning interest on both the initial deposit and accumulated interest. For example, investing 5 lakh rupees for five years would yield a total of 7,24,517 rupees, with 2,24,517 rupees in interest. The scheme also offers tax benefits under Section 80C of the Income Tax Act. Investors can claim deductions on the principal amount, reducing their taxable income. However, the interest earned is taxable, and the maturity amount is subject to income tax. The lock-in period for the NSC is five years, during which investors cannot withdraw funds. The NSC scheme is particularly attractive for individuals seeking a low-risk investment option. It is managed by the Post Office, ensuring government-backed security. Unlike equity markets or mutual funds, the NSC does not expose investors to market fluctuations, making it a stable choice for conservative savers. Modi’s investment in the NSC highlights the scheme’s appeal as a reliable financial instrument. The government’s endorsement further reinforces its credibility, encouraging more citizens to participate.#prime_minister_narendra_modi #financial_inclusion #national_savings_certificate #post_office #income_tax_act
Bandhan Bank Head of Emerging Entrepreneurs Business Resigns Mr. Vishal Wadhwa, the Head of the Emerging Entrepreneurs Business (EEB) division at Bandhan Bank, has formally resigned from his position. His departure was announced on April 1, 2026, with the bank confirming that he will continue his duties for a 90-day notice period. His final working day is scheduled for June 29, 2026. In his resignation letter, Wadhwa cited the pursuit of better career opportunities as the primary reason for his decision. He expressed gratitude for the support he received from the bank’s management and colleagues during his tenure, emphasizing that his time at Bandhan Bank provided him with valuable experience and insights. The bank’s leadership acknowledged the resignation and stated that they are proceeding with the standard transition process to ensure a seamless handover of responsibilities. Wadhwa’s role as Head of the EEB division involved overseeing initiatives aimed at supporting startups and small businesses through financial services and mentorship programs. His departure marks a significant leadership change within the bank’s senior management team, which has been actively involved in expanding its focus on fostering entrepreneurship and innovation. Bandhan Bank, known for its emphasis on inclusive growth and financial inclusion, has positioned the EEB division as a key pillar of its strategy to empower emerging entrepreneurs. The division has been instrumental in providing tailored financial products, credit facilities, and advisory services to startups and small enterprises. Wadhwa’s tenure saw the expansion of these initiatives, with the bank reporting increased engagement with entrepreneurs and a growing portfolio of supported ventures.#bandhan_bank #vishal_wadhwa #emerging_entrepreneurs_business #eeb_division #financial_inclusion
