PPF
Which is a better investment option: ELSS or PPF?
How to open PPF account online- PPF withdrawal, loan, pre-mature closure rules: Here's a guide
- EPF, PPF interest rate gap widens to 105 basis points: Self-employed class disadvantaged
- Why opening PPF account for minors can be beneficial for them
- How to calculate interest on PPF balance
- Your PPF account may become irregular: Here's how
- Public Provident Fund: 15 lesser known but important rules
- NRIs can continue their PPF account now; Earlier it was to close on losing resident status
PPF is a 15-year scheme, which can be extended indefinitely in block of 5 years. It can be opened in a designated post office or a bank branch. It can also be opened online with few banks. One is allowed to transfer a PPF account from a post office to a bank or vice versa. A person of any age can open a PPF account; even those with an EPF account can open one.
One can deposit a maximum of 12 times in a year, but remember to deposit before the 5th of the month to get interest for the full month, as the interest is allowed on the lowest balance at the credit of an account from the close of the 5th day and the end of the month. Many investors deposit a lump sum amount right at the beginning of the financial year. There are provisions to take loans and make partial withdrawals from the scheme as well.
*Disclaimer Statement: This content is authored by an external agency. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein.
PPF
Public Provident Fund (PPF) continues to be a favourite savings avenue for many investors. After all, the principal and the interest earned have a sovereign guarantee and the returns are tax-free. The principal invested in the PPF qualifies for deduction under Section 80C of the Income Tax Act, 1961 and the interest earned is tax exempt as well under Section 10.PPF is a 15-year scheme, which can be extended indefinitely in block of 5 years. It can be opened in a designated post office or a bank branch. It can also be opened online with few banks. One is allowed to transfer a PPF account from a post office to a bank or vice versa. A person of any age can open a PPF account; even those with an EPF account can open one.One can deposit a maximum of 12 times in a year, but remember to deposit before the 5th of the month to get interest for the full month, as the interest is allowed on the lowest balance at the credit of an account from the close of the 5th day and the end of the month. Many investors deposit a lump sum amount right at the beginning of the financial year. There are provisions to take loans and make partial withdrawals from the scheme as well.
Latest PPF interest rate: Was Public Provident Fund interest rate hiked for Oct-Dec quarter?
The government raised the interest rate on just one small savings scheme for the quarter ending December 31, 2023.
PPF, Sukanya Samriddhi, SCSS, NSC interest rates for December 2023 quarter announced; check here
Post office savings schemes interest rates: Here is a look at the interest rates on various small savings schemes for the third quarter of FY 2023-24.
Where to invest Rs 83 lakh to get regular income during retirement
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
4 ways your PPF account can become irregular
Public Provident Fund (PPF): Here are four instances when a PPF account can become irregular.
How to extend PPF account after it matures; three options to consider
PPF account matures after 15-year lock-in term. But what about once it reaches maturity? What choices are available to you if you wish to keep using your PPF account?
Your PPF, Senior Citizens Savings Scheme, other small savings schemes will be frozen if you fail to submit Aadhaar details by this date
If the Aadhaar number is not provided by this date, your small savings investments will be frozen until the Aadhaar number is submitted.
Where should I invest Rs 3.6 lakh for the long-term to get 12% return?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Retirement planning: Five retirement-focused investment products
Selecting the right financial products is important when saving for retirement. For post-retirement income, there are five investment products to choose from.
Will PPF, Sukanya Samriddhi, SCSS interest rates be hiked for December quarter?
Will the interest rates of PPF, Sukanya Samriddhi Account, Senior Citizens Savings Schemes (SCSS) go up in December quarter? The Central Government reviews the interest rates of small savings schemes every quarter based on the G-Secs yields of the previous three months. To know whether there will be a hike in post office schemes for the October-December quarter, you need to understand how the interest rates are calculated first. There are set formulae for mark-ups over the previous three months’ average yield of relevant G-Secs of comparable maturity. Find out what experts suggest.
Want to build a big retirement corpus? Start SIPs in equity funds
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
What is the PPF interest rate for July-September quarter of FY 2023-24
The finance ministry made this announcement via a circular issued on June 30, 2023. The interest rates of schemes like the 1-and 2-year post office time deposit, 5-year recurring deposits have been hiked.
PPF withdrawal: Eligibility, documents needed and process explained
PPF subscribers can make one partial withdrawal per year. The withdrawal amount is subject to certain conditions. Depending on the purpose of withdrawal, the account holder may need to provide supporting documents, such as medical bills for medical treatment, or a wedding invitation
PPF, SCSS, NSC, Sukanya Samriddhi investors: What happens if you fail to submit Aadhaar card by September 30, 2023?
If you invest in a small savings scheme such as the Public Provident Fund, Senior Citizen Savings Scheme (SCSS), or Post Office Time Deposits (POTD), you need to submit your Aadhaar details by September 30, 2023.
Latest post office schemes interest rates
The government increased interest rates on a few small savings schemes for the quarter of July to September 2023. Small savings schemes include Public Provident Fund (PPF), Kisan Vikas Patra(KVP), Sukanya Samriddhi Account(SSA), Senior Citizens Savings Scheme Account(SCSS), National Savings Time Deposit Account(TD).
Government raises interest rates on select small saving schemes for July-September quarter
The government has hiked the interest rates of small savings schemes by up to 30 bps for the July-September 2023 quarter. The finance ministry made this announcement via a circular issued on June 30, 2023. (One percentage point is equivalent to 100 basis points.) The interest rates of schemes like the 1-and 2-year post office time deposit, 5-year recurring deposits have been hiked.Government raises interest rates on select small saving schemes for July-September quarter
Small saving schemes: Interest rates of these post office schemes hiked by up to 30 bps for July-September quarter
Here is a look at the interest rates on various small savings schemes for the second quarter of FY 2023-24.
These PPF, NSC, other small savings investors need not 'submit' PAN, Aadhaar details before Sep 30 deadline
This rule of mandatory submission of Aadhaar and PAN numbers for small savings schemes is part of the Know Your Customers (KYC) process.
PPF vs Sukanya Samriddhi Yojana: Which is better to invest?
The Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) are two tax-efficient government savings schemes that offer good interest rates. Both are suitable for creating a corpus over the long term, though SSY offers higher interest rates than PPF. Here’s how to choose between them. Text: Centre for Investment Education and Learning (CIEL).
Can you open more than one PPF account? All you need to know about Public Provident Fund
From interest rate to eligibility to documents required, all you need to know
PPF or Sukanya Samriddhi Yojana: Where should you invest?
Only parents of a girl under the age of 10 years can open an SSY account. There is no such restriction for a PPF account.
How to add, change nominee in PPF account
Incase you want to add your wife's name or update it with another name, you can do so by filling out the required form, signing it, and submitting it to the bank or post office where your PPF account is being managed.
Should you invest in PPF or in equity? Why we have to look beyond fixed income
The important thing to note is that fixed-income investments cannot really beat inflation and generate wealth long-term. Note that we are talking about PPF here—which is the creme de la creme of fixed income investments.
8 major money changes in September you should know
There are numerous financial deadlines in September. Your money could suffer greatly if you miss these. Here are the 8 changes and deadlines in September that you should be aware of. Deadlines include Aadhar submission for small savings scheme, SBI We care investment deadline, Aadhaar free update and more.
How to save Rs 2 crore in 10 years
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
Reduce taxable part of salary, use NPS to cut income tax outgo by Rs 1.02 lakh
Under Section 80CCD(2), up to 10% of basic salary put in the NPS is tax deductible. There are some tax-free perks, such as a gadget allowance, meal coupons and reimbursement of expenses on books and periodicals that a salaried employee gets. Under Section 17(2), gadgets bought in the name of the company, and given to the employee for personal use, are taxed at only 10% of the value. Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their income and investments.
How to invest Rs 10 lakh in debt investment options for 5-7 years
You may want to invest some money in fixed income products to capitalise on the higher interest rate environment. Here are some options that an individual can look for investment and earn higher returns. It is important for an investor to understand to know his/her risk profile before making debt investments.
Sovereign Gold Bonds (SGB) or gold mutual funds: Where should I invest for good short-term return?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
PPF, Mahila Samman Savings Scheme, SSY: Minimum balance requirement of 10 small savings schemes
As small savings scheme differ in terms of features, tenure, and tax advantages, so do the minimum investments required for these schemes. Here is a look at the minimum balance required to invest and maintain the scheme.
Was PPF interest rate hiked for Apr-June 2023 quarter? Latest Public Provident Fund rate
For the quarter from April to June 2023, the government has increased interest rates on a number of small savings schemes by up to 70 basis points.
Retirement Planning: How to save for your retirement
Financial planners suggest a retirement corpus target that is about 20 times your annual income. While some feel that 30 times can be a better figure as it will take care of inflation.
Your PPF, NSC, other post office investments will be frozen if Aadhaar is not given by this date
The Ministry of Finance has made the Aadhaar and PAN mandatory for making investments in PPF, NSC and other small savings schemes. This has been done via notification dated March 31, 2023. The notification has further made the Aadhaar number mandatory for existing investors as well. Read on to know the last date to link Aadhaar with PPF and other post office investments.
Premature withdrawal rules of 10 post office schemes: PPF, NSC, Senior Citizens Savings Scheme, Mahila Samman Savings Certificate
The government of India revises the interest rates on these small savings scheme every quarter. Currently, the India Post offers ten plans to meet the various demands of individuals and their investing goal.
PPF account holders should deposit contribution by April 5: Here’s why
As per the Public Provident Fund (PPF) scheme rules, the interest on PPF is calculated at the end of balance between fifth and end of the month. Hence, by making a deposit in PPF account on or before fifth of month will help PPF account holder to earn more interest.
Submit Aadhaar by this date or your PPF, NSC, SCSS investments will be frozen
Have you invested in the Public Provident Fund (PPF), National Savings Certificate (NSC), or other post office savings schemes? If yes, then you must ensure that you have submitted your Aadhaar card number to the post office or bank branch by September 30, 2023,
A financial planning step you must take before starting your own business
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
Will PPF interest rate increase for July-September quarter?
The central government has not revised the interest rate of PPF since April 2020. It has remained at 7.1 per cent since then. Will the interest rate of the Public Provident Fund (PPF) increase in July-September quarter? The interest rates of small savings schemes are linked to yields of 10-year Government Securities in the secondary market. To know whether there will be a hike in PPF interest for the next quarter, you need to understand how the interest rate is calculated. Take a look
PAN, Aadhaar become mandatory for making investments in PPF, NSC, other small savings schemes
Earlier, the investment in post office schemes or small savings scheme could be done with Aadhaar number. This was done by using any other official valid documents. However, from now on investment in small savings scheme will be done if PAN and Aadhaar is submitted by the individual at the time of making investment.
Interest rates hiked by up to 70 bps for small saving schemes like Sukanya Samriddhi, NSC
The government has hiked the interest rates of small savings schemes by up to 70 bps for the April-June 2023 quarter. The finance ministry made this announcement via a circular issued on March 31, 2023. (One percentage point is equivalent to 100 basis points.) The interest rates of schemes like the Senior Citizen Savings Scheme, Monthly Income Savings Scheme, National Savings Certificate, Kisan Vikas Patra, all post office time deposits and Sukanya Samriddhi Account Scheme have been hiked.Interest rates hiked by up to 70 bps for small saving schemes like Sukanya Samriddhi, NSC
Senior Citizen Savings Scheme, Sukanya Samriddhi, NSC interest rates hiked by up to 70 bps for June 2023 quarter
Here is a look at the interest rates on various small savings schemes for the first quarter of FY 2023-24.
PPF, SCSS, Sukanya Samriddhi, NSC: Govt plans to allow investment using Aadhaar instead of PAN
Finance Ministry is planning to relax procedures for deposits under small savings schemes to enable a larger pool of investors, especially from rural India
Where to invest: Here are top 10 investment options to choose from
Top investment options: The investment options mentioned are a mix of fixed-income and financial market-linked products. Have a judicious mix of investments keeping risk, taxation and time horizon in mind.
Tax saving FDs: Why you should give these bank fixed deposits a miss this year
Many individuals prefer investing in tax saving fixed deposits as they are less riskier as compared to ELSS mutual funds. Further, the tax saving FDs offer fixed returns. However, there are three reasons why individuals may be better off by giving tax saving FDs a miss this year. Read on to know all about it.
Hike SIPs by 10% every year to save for child's education, retirement
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
Is AIS fully reliable for ITR filing? It will not show these interest incomes
AIS or Annual Information Statement (AIS) is a statement launched by income tax department in November 2021. The aim was to provide consolidated view of the financial transactions undertaken by an individual of which tax department has information about. However, for financial transaction to reflect in AIS, the reporting entity must be notified by the income tax department.
Was PPF interest rate hiked for the January-March 2023 quarter?
For the January-March 2023 quarter, the government increased the interest rates on a few small savings schemes by 20 bps to 110 bps.
Top bank FDs vs PPF, SCSS, Sukanya Samriddhi, other post office schemes: Which offers best interest rate
Here is a quick comparison of interest rates offered by fixed deposits of SBI, HDFC Bank, and ICICI Bank, PPF, SCSS, POTD, Sukanya Samriddhi Yojana (SSY).
New small savings scheme for women, Mahila Samman Savings Certificate, launched
Mahila Samman Savings Certificate: A new small savings scheme has been announced in the Budget 2023.
Bonds vs PPF: Where should you invest?
There are different types of fixed-income instruments that are available in the market. Bonds and Public Provident Funds (PPF) are two such instruments that are quite popular among investors. While both avenues offer assured returns, they are quite different. Before starting with the investments, investors should understand the concept of bonds and the Public Provident Fund and see how they differ.
Best ways to invest your savings in India as a employee
Many people prefer investment in fixed deposits as they allow for the deposit of funds with banks for fixed maturities ranging from 15 days to five years (and above) and allow for the possibility of earning a higher rate of interest than other traditional Savings Accounts, the majority of people think of fixed deposit investments as a part of their retirement investment options. The investor receives a return at maturity that is equal to both the principal and interest accrued throughout the fixed deposit's term.
How the right volatility can help boost your equity returns
Lower volatility is not free; it has a cost. It may appear self-contradictory because we have been conditioned to believe that volatility means losses. This is not true. Volatility in good quality avenues means that your investment fluctuates but, on the whole, rises faster.
Tax implications of gifting bank account, demat account and PPF to 18-year-old son
Readers taxation-related queries answered by experts.
PPF withdrawal: 5 latest rules you must know
After the end of the tenure: The new PPF withdrawal guidelines 2021 maintain the same partial withdrawal rule after 15 years. The 15 years is calculated from the end of the fiscal year in which the initial contribution was made. So, if you contributed on June 15, 2010, the maturity date would be April 1, 2026. You can continue to participate in the plan for another five years without making new payments and will be allowed to make partial withdrawals.
Post Office Schemes latest Interest Rates in India for 2023
Post office schemes interest rates: These are popular small savings schemes as they are backed by the central government and the returns here are fixed and guaranteed.
How can money complement the entire goal of happiness? Vinayak Sapre explains
One can definitely look inward and think that, okay, what all things I can do other than doing my mundane job or the things which I am doing currently and thereafter, people will start getting the answers to their question.
Balancing long-term and short-term money goals
Prioritise your goals and invest separately to meet each of them.
Senior Citizen Savings Scheme, Post office time deposits, NSC interest rates hiked by up to 110 bps for March quarter
The government has hiked the interest rates of a few small savings schemes by between 20 bps and 110 bps for the January-March 2023 quarter. Here is a look at the interest rates on various small savings schemes for the fourth quarter of FY 2022-23.
On which post office schemes is TDS deducted?
The Post Office offers a variety of long-term and short-term investment plans, although it should be noted that not all investment options are tax-free; for example, the interest paid on some Post Office schemes is taxable, and section 80C of the Income Tax Act, 1961 are not applicable. It's crucial to keep in mind that TDS is deducted on transactions when the payment's value exceeds the established limit. TDS is not applicable on amounts below the predetermined threshold. Here are post office investment schemes on which TDS is deducted and on which TDS is not deducted.
Equity mutual funds vs traditional investments: Where to invest for a solid return?
Investing in both the options can help one get good returns at lower risk.
General Provident Fund (GPF), CPF interest rates announced for July-September 2023 quarter
The Ministry of Finance has announced the interest rate for the General Provident Fund (GPF) and other similar provident fund initiatives.
How an early start to savings, investments can help reach ambitious money goals
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
Was PPF interest rate hiked for the October-December 2022 quarter?
The Public Provident Fund (PPF) is part of the small saving schemes' bucket of investment products. According to a circular issued by the Finance Ministry on September 29, the interest rates of certain small saving schemes have not been changed for the October-December 2022 quarter.
Will govt hike PPF, Sukanya Samriddhi schemes’ interest rates in April 2023?
Interest rates of small savings schemes including PPF, Sukanya Samriddhi Yojana account (SSY), Senior Citizen Savings Scheme (SCSS), and National Savings Certificates (NSC) are due for revision at the end of this month. The rates will be applicable for the April-June quarter of FY2023-24. Will the interest rate of Public Provident Fund and Sukanya Samriddhi Yojana increase this time?
How to withdraw PPF money from account in bank? Step-by-step guide
If you wish to withdraw money from PPF account either partially or in full, you need to submit Form C at the bank where the PPF account was opened. Here are the steps you need to know to withdraw money from your PPF account in banks
How to transfer funds from bank account to PPF, Sukanya Samriddhi Yojana, post office savings account without adding beneficiary
The government has made it easier for investors to transfer money from their bank accounts to Post Office (PO) savings accounts, Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) without adding a beneficiary. According to the Ministry of Communications latest SB Order No. 09/2023, contributions can be made online with or without adding a beneficiary. According to the SB Order No. 09/2023, dated April 5, 2023, “It has been observed that general awareness of these facilities amongst staff and account holders is not adequate. Therefore competent authority has decided to circulate the process for fund transfer from Bank Account to PO Savings Account PPF/SSA by using NEFT/RTGS facilities.”
Will PPF, Sukanya Samriddhi, other small savings scheme interest rates go up in October?
PPF, Sukanya Samriddhi, Senior Citizen Savings Scheme Interest Rates: A significant rise in govt yield in the recent months could prompt a hike in interest rate of small savings schemes soon
How to transfer funds from bank account without adding beneficiary to PPF, Sukanya Samriddhi Yojana, PO savings account
The Public Provident Fund and Sukanya Samriddhi are two prominent small savings schemes that must be maintained by making yearly minimum contributions. Here is the procedure for transferring funds from a bank account to a PO Savings Account, a PPF account, or an SSA.
How to open and close PPF account online using Post Office Internet banking
Next time you want to open or close the PPF account held with the Post Office, you will not be required to visit your nearest branch. The Department of Posts has issued a circular providing a step-by-step guide on how a post office saving account holder can open and close a PPF account using the Internet Banking facility.
Yearly hikes in mutual fund SIPs will help reach all money goals with ease
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
PPF account withdrawal from bank: Steps you need to follow
In the next step, you need to enclose your PPF passbook along with this application form. In the end, add a revenue stamp on the form and sign it.
Confused between PPF and ELSS mutual funds? Here are 5 factors to consider
Are you confused between PPF and ELSS mutual funds? ELSS funds are Equity Linked Savings Scheme while PPF is Public Provident Fund. ELSS is the only mutual fund type that gets tax benefits on it. On the other hand, PPF is a low-risk govt backed public provident fund. Now which one is better for you? Watch the video.Confused between PPF and ELSS mutual funds? Here are 5 factors to consider
Confused between PPF and ELSS mutual funds? Here are 5 factors to consider
While the government declares the fixed interest rate offered to all PPF investors at the beginning of each financial quarter, ELSS funds are invested in stocks, making them vulnerable to the fluctuations of the stock market.
Govt hikes interest rates of only these small saving schemes for Oct-Dec 2022 quarter
Here is a look at the interest rates on various small savings schemes for the third quarter of FY 2022-23.
Is real estate a high or low risk investment?
Many people invest in equities and debt products on the basis of their risk taking ability. Also, those who buy a house (constructed or fully constructed house) are not sure if their real estate investment must be considered as a high risk or low risk investment. Here is how you can know about it.
What is the latest PPF interest rate?
The government has not changed the interest rates on small savings schemes like the PPF. PPF interest income is totally tax-free.
The NPS advantage: Are you missing it?
The pension scheme offers loads of benefits to subscribers. Find out why you should not let this opportunity pass.
Now income proof mandatory for Rs 10 lakh investments in small savings schemes
The Department of Posts has issued a circular on May 25, 2023, where it has revised the KYC norms for investing in small savings schemes for investors. The new KYC norms have been made stricter for those making large value transactions in the post office schemes. The proof of source of funds is needed along with the common KYC documents i.e., PAN, Aadhaar.
How to activate inoperative PPF account
If the account is inoperative, you can no longer claim loans against your PPF account, which could be troublesome if you foresee requiring money soon.
Higher interest rates see money flowing to post office schemes
With the government increasing deposit rates on several small savings postal plans, there is high interest among investors in this financial year. Many postal products give investors an opportunity to earn up to 120 basis points more than bank deposits.
Include large-cap mutual funds in investment portfolio for stable returns
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
PPF to NPS: 7 tax-saving schemes for retail investors to opt for before March 31
The current fiscal year ends on March 31, providing the last chance to save tax. Section 80C allows you to claim up to Rs 1.5 lakh deductions in the Old Tax Regime. So, explore these investment options under the old tax regime to save taxes.PPF to NPS: 7 tax-saving schemes for retail investors to opt for before March 31
This type of PPF account cannot be extended
The government amended rules in 2005 where it disallowed certain entities to open Public Provident Fund (PPF) accounts. Earlier, these entities were allowed to open PPF accounts. However, accounts opened prior to this date were allowed to continue till maturity. Read on to know what kind of PPF accounts cannot be extended.
How to pick the right nominee for life insurance, bank account, PPF, EPF, mutual funds, stocks
While a nominee is only a custodian of your assets, choosing the right one can ensure that your legal heirs get their inheritance rightly and on time.
PPF, SCSS, NSC: What is the minimum balancerequired for these post office accounts?
The minimum balance to be maintained for Kisan Vikas Patra is Rs 1000.
PPF, NSC, other post office schemes interest rates remain unchanged for September 30, 2022 quarter
Here is a look at the interest rates of various small savings schemes for the second quarter of FY 2022-23.
What to do with PPF account after it completes 15 years
PPF is one of the most preferred investment options due to its tax-exempt status. However, once the PPF account complete its 15 years, an account holder may be confused about what he can do now to earn tax-free returns and with lower lock-in periods. Once the PPF account is matured, an individual account holder has three options.
What is the current PPF interest rate?
The interest rates will be revised at the end of this month, as is customary to revise every three months. Interest rate for PPF was last revised in April–June 2020 quarter.
Five tax saving investment options to get tax free returns
The last date for completing tax saving is approaching soon. If you still have not completed the tax saving exercise, then ensure that you do it before the end of the financial year, or else you might end up paying higher income tax. Here are five investment options that help you not only save income tax but also offer tax free returns.
How to invest in debt-equity combination for the long term
These two segments can give you safety and stability combined with growth and appreciation.
At 7.5% rate, Mahila Samman Savings Certificate offers higher interest than bank FDs; who should invest?
Mahila Samman Savings Certificate (MSSC) is a one-time scheme that offers a fixed interest of 7.5 per cent. It can be opened in the name of a woman or girl of any age. It comes with a tenure of two years. The interest is compounded quarterly but paid on maturity. Will it give you a better return when compared to fixed deposits in leading banks or post office time deposits? Who should invest in Mahila Samman Savings Certificate?
How to choose the right financial products to invest in
Investment decisions should align to the overall financial plan, goals and life stage of the individual
Death claim settlement rules for post office schemes like PPF, Sukanya Samriddhi, NSC
The government has made changes to the process of claiming money from several post office small savings plans in a circular dated August 28, 2020 shortening the process.
Forgot to invest in your PPF a/c before April 5? Here’s what you should do now
As per the PPF scheme rules, the interest on the PPF deposit is calculated every month on the balance available in the PPF account but is credited at the end of the financial year. Thus, to maximise the interest earned on PPF accounts one must make the deposits before this date.
PPF alert! Two or more PPF accounts opened after this date cannot be merged
An individual cannot have more than one Public Provident Fund (PPF) account, according to the rules. If you have opened two or more Public Provident Fund (PPF) accounts on or after December 12, 2019, they will be closed without earning any interest. Furthermore, such PPF accounts will not be merged.
