Public Provident Fund, arguably one of the best fixed-income investments, comes with a 15-year tenure. But there is a way to continue it without locking in your money for another 15 years
This is the eighth consecutive quarter in which the interest rates on small savings instruments have been left unchanged even though the corresponding government bond yields have fluctuated.
The EPFO has announced lowest interest rate in over 40 years, causing heartburn among EPFO’s 60 million members, or salaried employees. However, EPF as well as its extension VPF continue to be indispensable as retirement planning tools.
PPF withdrawal rule says that a PPF account holder can close the account subject to fulfillment of certain terms and conditions provided the account has completed five complete financial years.
Save atleast 20% of your salary. Begin investing in tax-saving mutual funds, PPF and equity schemes. Avoid cryptocurrencies.
You can only make deposits in Sukanya Samriddhi Yojana till your 15th year. Although returns are higher, try topping up your girl child's savings with other options that offer greater flexibility.
EPF withdrawal, transfer of EPF account, know-your- customer (KYC) among others issues related complaints can be filed through this website. EPF account-holders, EPF pensioners and employers can use this portal.
Many investors invest entire lumpsum in PPF between April 1-4 because of the way interest is calculated. But a closer look at this strategy reveals it does not make much difference.
From the new tax rates on your Employees’ Provident Fund to relief to senior citizens over 75 years of age from filing income-tax returns, here are all the money changes and rules effected April 1.
The Budget has made interest on PF contributions beyond Rs 2.5 lakh taxable. If the rule is made applicable to the defence forces as well, here are other avenues to invest
While ELSS funds deliver better returns over the long term, PPF investments have a tax advantage
If you do not require the entire PPF account balance in one go, it’s best to extend it
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