Investors don’t like volatility. They want guaranteed returns
This was notified by the Finance Ministry on September 30
PPF allows to make partial withdrawals from the fund before completion of 15 years, but it has a maturity period of 15 years.
No rate cut for July-September quarter after a massive 70-140 bps reduction in March
Among the small savings schemes, Sukanya Samriddhi Account will fetch the highest interest rate at 7.6 percent
Here are the things PPF deposit holders can do before June 30
Investing in your children’s names is a tax-efficient option
Having a tax-free status and being practically risk-free, the PPF continues to be a wonderful debt product
The infrastructure and service standards at many post offices are not up to the mark
Small savings have thrived because they offer safety and higher returns
Investors should only expect inflation plus 1.5 percent points return from their fixed income investments
Lowering of postal deposit rates should have been done in a gradual manner to soften the adverse impact on fixed-income earners and senior citizens
While the rate cut is steep, you can continue investing in these instruments for various goals based on your asset allocation
Economic compulsions demand that the PF custodian explores ways to maximise returns on investment
NPS was implemented for government employees & later extended for the general public.
Depending on your goals and risk appetite, make a suitable investment choice
PPF has long been a popular savings and investment scheme among the masses for accomplishing goals such as children’s higher education, marriage, and even retirement.
The interest rate for the five-year Senior Citizens Savings Scheme has been retained at 8.6 per cent. The interest on the senior citizens' scheme is paid quarterly.
Since both VPF (as part of EPF) and PPF have long-term maturity periods, these are best-suited to act as retirement planning tools
A subscriber will not have to forgo the amount invested even if other assets are repossessed by lenders or have to be liquidated to pay off dues
While most provisions are part of the existing rule manual too, the recent notification has introduced a few modifications.
The PPF can be transferred across the country and the account can be moved across bank branches and post offices
Many buy these plans in a hurry and for the sole purpose of saving on taxes
You shouldn’t be basing your savings decision on the notion that your sons and daughters will take care of you in your non-earning decades
The move is especially expected to benefit small savers and senior citizens