The Government has hiked the interest rates for Small Savings Schemes for the Third Quarter (1st October, 2018 – 31st December, 2018). There is a change of upto 40 basis points in...
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Public Provident Fund (PPF) programme is a long-term investment plan backed by the Indian Government. It offers safety with attractive interest. Its returns are fully exempted from tax. Investors are allowed to...
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Most people usually select the Public Provident Fund route, which seems best suited to their needs. Well, but little do people know that Equity Linked Savings Scheme (ELSS) is a better option....
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Provident Fund is a long-term investment scheme from government of India. It is for the welfare of the working population. However, so is the NPS or National Pension Scheme. What makes the...
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In a bid to make make the economy more efficient rather than sluggish, the government has slashed the interest rates on small savings including Public Provident Fund (PPF) and Kisan Vikas Patra...
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Public Provident Fund (PPF), is a long term investment scheme of the central Government of India. The main purpose of introducing this investment scheme is to offer an alternate scheme to the...
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Today most of us like to keep our investments safe rather than investing the same in markets. For that we always look for an alternatives where our money remain safe and offers...
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People who opened there Public Provident Fund (PPF) account with post office and now want to get it transferred to some nationalized bank or ICICI bank can get it done easily. As...
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Today when I login to my ICICI bank account, I saw a tab blinking on the left hand side ‘PPF Account Online’. This is new service offered by ICICI bank, where account...
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Replacement of Direct tax code (DTC) with income tax act 1961 may affect your tax planning in coming years. But one investment which will offer you same exemption even after DTC is...
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Public Provident Fund is a very popular long-term investment option. It is a savings instrument and a tax saving instrument that was introduced by the Ministry of Finance in 1968 in India. The PPF is backed/ guaranteed by the Central Government of India. The aim of a PPF is to mobilize small savings and to offer an investment that lets you earn fairly reasonable interest rate returns. The entire maturity amount inclusive of the interest earned is not taxable. PPFs are also exempt from Wealth Tax. A PPF suits investors of all types. A PPF comes with a minimum and a maximum deposit limit. You can avail a loan against your PPF. Usually, premature withdrawals are not permitted, however in a financial crisis you can make a withdrawal as per PPF terms and conditions. Premature closure of a PPF account is only allowed upon the death of a holder.
