Fri, Mar 27, 2020
SBI PPF Account: In SBI Public Provident Fund Scheme, loans and withdrawals are permitted depending upon the age of the account and balances as on the specified dates.
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Wed, Mar 25, 2020
PPF vs NPS: Both PPF and NPS are voluntary contribution options. If asked, a recruiter may make it available for you along with the Provident Fund (PF).
Tue, Mar 24, 2020
PPF vs NSC: NSC has a tenure of five years. The present rate of interest on NSC is 7.9 per cent compounded half-yearly.
Mon, Oct 01, 2018
If you want to increase the amount of money that you have, then know that from today, October 1, a number of new rules will come into effect and they will have a big impact. Several new rules are being implemented from today in the wake the Central government's decisions taken earlier.
Wed, Sep 26, 2018
Salaried employees have several avenues to save tax. But self-employed persons do not have options like standard deduction, employee provident fund, deduction for house rent allowance, etc.
Sun, Sep 02, 2018
Financial Planning is important for life. There there is no late point of time in life when a person cannot start the same.
Mon, Jun 25, 2018
As per the proposed change, “the post offices and the banks offering the government-run small savings schemes will introduce an extra form seeking details on the status of the nominee at the time of opening of account,” said sources. The rules are likely to be implemented within next few months, latest by September. With this, the status of the nominee will be clearly defined to bring it in conformity with an apex court judgment.
Wed, May 09, 2018
Who doesn't want to earn extra money? But with a full-time job at hand, taking time out for extra income is not easy. And if you are not getting any pay hikes, the financial problems get worse. This is why passive income is the way to go.
Mon, Apr 23, 2018
Time and again, people fall for ponzi schemes due to their ignorance, greed and probably the lost out feeling.
Thu, Mar 29, 2018
Interest rate for the five-year Senior Citizens Savings Scheme has been retained at 8.3 per cent. The interest rate on the senior citizens' scheme is paid quarterly. Interest on savings deposits has been retained at 4 per cent annually.
Tue, Mar 06, 2018
Public Provident Fund (PPF) was launched to encourage the thrifty Indian public to create a retirement corpus. Notably, PPF deposits are liable for tax deductions and interest earned is not taxable.
PPF is a preferred investment option is because of its tax efficiency and its eligibility for tax deduction under section 80C. However, one can avail the same tax deduction of Rs. 1.50 Lakh, with higher post tax returns, by investing in ELSS (Equity Linked Saving Scheme). The returns from ELSS are higher even after considering the proposed long-term capital gains tax of 10%, that has been introduced in the recent budget.
Thu, Feb 15, 2018
Section 80C of Income Tax Act has approved some of the saving options as tax saving instruments to an individual or a Hindu Undivided Family (HUF).
Wed, Feb 14, 2018
The government on Tuesday proposed to allow premature closure of Public Provident Fund (PPF) accounts and permit opening of small savings accounts in the name of minors, according to a Finance Ministry statement here.
Sun, Feb 11, 2018
The revision in interest rates does not affect old investments except for PPF and SSY.
Thu, Feb 08, 2018
'Disclaimer: This story is for informational purposes only and should not be taken as investment advice.'
Wed, Jan 31, 2018
Among a slew of tax-saving instruments under section 80-C, ELSS returned the most in the last five years
Sun, Jan 28, 2018
The government is likely to use this Budget to signal a shift in its policy focus from monetary policy to fiscal policy
Sat, Jan 27, 2018
When a fixed sum of money is required back within a short span of time, investment in debt is preferable
Tue, Jan 23, 2018
Tue, Dec 12, 2017
ELSS have the shortest lock-in period of three years, compared to other instruments with minimum five years for bank FDs, 15 years for PPFs and for the life of the policy for insurance products.
Thu, Dec 07, 2017
The digital service will enable customers to open a public provident fund (PPF) account instantly and in a completely online and paperless manner.
Thu, Oct 19, 2017
We also do Laxmi Pooja to seek the blessings of the goddess of wealth for prosperity all around. But do all these things have any connection with your financial planning?
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