Children's Day 2024: To ensure a financially stable future for children, it is crucial to start investing with the right strategy early on. There are many investment options available in the market for children. Let's explore.
PPF vs VPF: Partial withdrawal in PPF can be done after 7 years, while partial withdrawal in VPF can be done in the 5th year.
New PPF rules: The new guidelines by the Department of Economic Affairs have changed rules for the PPF accounts based on their holdings. The changes majorly affect minors, NRI and those having multiple accounts.
New PPF rules: If one PPF account has been opened in the name of a minor, the Post Office Savings Accounts (POSAs) interest rate will be paid until the minor becomes eligible to open a regular account at the age of 18.
Working women can avail the benefit of income tax exemption under the Income Tax Act. For this, you have to invest in such instruments which give you the facility of tax exemption. There are some investment instruments which provide tax exemption along with guaranteed returns.
For accumulating funds for retirement, there are multiple financial instruments available in today's time like mutual funds, National Pension System (NPS), PPF among others.
Best Govt Saving Schemes: The schemes cater to various segments of society. Some savings plans are aimed at senior citizens, while others are aimed at women's welfare. There are also special programmes for farmers and salaried workers.
Making a deposit in your PPF account on or before the fifth of the month can help you earn higher interest.
PPF and NSC will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively, in the second quarter as well.
The government on Wednesday reduced interest rates on small savings including PPF, one-year time deposit, senior citizen savings schemes. The changes will be effective from April 1, 2021.
The Finance Ministry on Saturday extended the deadline for mandatory minimum deposit in Public Provident Fund (PPF) and Sukanya Samriddhi Account (SSA) for 2019-20 by three months up to June 30 in view of the lockdown due to coronavirus outbreak.
Whenever you talk of PPF or Public Provident Fund account, you think of saving income tax deductions. But here we try and explain to you how PPF investment should not just be once a year tax saving scheme.
Under the new rules, the amount in PPF account will not be liable to attachment under any order or decree of any court in respect of any debt or liability incurred by the account holder.
Interest rate for the five-year term deposit, recurring deposit Senior Citizens Savings Scheme has been raised to 7.8, 7.3 and 8.7 per cent, respectively
The government proposes to allow premature closure of Public Provident Fund (PPF) accounts and permit opening of small savings accounts in the name of minor.
In another push for Aadhaar, the Centre has made the 12-digit unique ID mandatory for all post office deposits, PPF, the National Savings Certificate scheme and Kisan Vikas Patra.
For April-June, these have been lowered by 0.1 per cent across the board compared to January-March. However, interest on savings deposits has been retained at 4 per cent annually.
New Delhi: In what would come as a relief for many, a new set of rules has been announced by the Finance Ministry today for premature withdrawal of the Public Provident Fund (PPF) account deposit
New Delhi: Soon after retracting the unpopular proposal to partially tax withdrawals, the government today once again invited heavy criticism by slashing the interest rates on Public Provident Fund (PPF) from 8.7 per cent to
New Delhi: Under all-round attack following its Budget proposal to tax 60 per cent of withdrawals from provident fund and a ceiling on employers contribution, the government today promised to consider demands for a rollback of
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