Public Provident Fund News
Department of Posts in an order issued on July 15 said that the order covers the 7 post office small savings schemes, including Public Provident Fund.
The formula recommended by the Gopinath Committee might be behind the low interest rate of Public Provident Fund, media reports have suggested.
If a Public Provident Fund has been discontinued, it can easily be revived by the depositor before maturity of the account. Here is how.
Public Provident Fund Update: If you are a PPF Subscriber, you must know about a few crucial dates and how it is going to impact your interest rates in a fiscal year.
The Sukanya Samriddhi Yojana is a government initiative aimed at securing the future of young girls in India by fostering financial discipline among families and prioritizing education and empowerment.
From 1 October 2024, several rules related to NSS, PPF and Sukanya Samriddhi Scheme are going to change. Here's all you need to know.
From 1 October 2024 onwards, you will earn zero percent rate of interest if you don't meet the criteria mentioned in Department of Economic Affairs guidelines/circular.
New PPF Rules From 1 October 2024: From PPF accounts for minor, multiple PPF accounts, and the extension of PPF accounts by NRIs under National Small Savings (NSS) --check detailed changes mentioned in govt circular.
If you are a subscriber of Public Provident Fund (PPF) and Sukanya Samriddhi Yojana, March 31 is an important date for your financial investments, know why.
While adjustments have been made to several schemes, the interest rate for the Public Provident Fund (PPF) remains steady at 7.1 percent.
PPF falls under the EEE classification.
The maturity period in this case is 15 years.
You have to invest Rs 12,500 per month.
Among the big banks, HDFC Bank is offering FD interest rates up to 7.75 percent, depending on the depositor's age and the length of the deposit.
PPF account holders are waiting with heightened anticipation for an increase in interest rates amidst the fact that PPF interest rates have remained unchanged since April 2020.
This is an uphill battle to make the right choice for investment. Continue reading to simplify the investment calculations.
PPF falls under the EEE classification.
The maturity period in this case is 15 years.
You have to invest Rs 12,500 per month.
The government is offering a return of 7.1 per cent on PPF.
The PPF interest rate is subject to change every quarter as per the government's directive.
The PPF also offers income tax exemptions under Section 80C of the Income Tax Act 1961.
Meanwhile, for those who cannot join the Atal Pension Yojana (APY) scheme, there are other government schemes that are equally a good choice for building a pension corpus. These two schemes can be your preferred option if you have a long term window and want to build a big investment corpus for your retirement fund.
One can invest only up to Rs 1.5 lakh per year in the PPF for 15 years
PPF can be a good risk-free option even for those who could not afford to invest a large amount
PPF interest rate is subject to change and may vary based on the quarterly announcements made by the Ministry of Finance
The interest of 7.1 percent is available on PPF.
PPF's maturity amount is totally tax-free.
The maturity period of PPF is 15 years.
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