PPF

Sukanya Samriddhi Account to PPF: Guidelines for irregular small savings schemes effective today, October 1 | Mint

TheSpuzz Desk2 months ago05 mins

Source: Live Mint The Ministry of Finance has released new guidelines for regularising irregular accounts across various small savings schemes. These guidelines apply to multiple accounts, including NSS-87, PPF accounts for minors, and Sukanya Samriddhi schemes. All post offices and financial institutions must follow these procedures to ensure compliance and efficiency. This update was officially…

All about key rules set to change from 1 October: Aadhaar, PPF, LPG, STT on F&O, income tax rules, and more | Mint

TheSpuzz Desk2 months ago03 mins

Source: Live Mint The transition to October will bring multiple changes in rules and regulations related to income tax, Aadhaar Card, and TDS on mutual funds, rents, and futures and options (F&O). As only a few days are left in the arrival of October, know the key rules changing from next month. Aadhaar Card rule…

NPS Vatsalya Vs MFs Vs SSY: Which one to choose for your child’s future?

TheSpuzz Desk2 months ago012 mins

Source: Business Standard Saving, Save Money, Economy, Money(Photo: Shutterstock) NPS Vatsalya is a specialized scheme within the National Pension System (NPS) designed specifically for children. Under NPS Vatsalya, parents can begin saving for their child’s retirement even before their kids turn 18.When the child reaches 18, NPS Vatsalya will seamlessly convert into a regular…

Public Provident Fund: What are the latest changes that could impact your savings? | Mint

TheSpuzz Desk2 months ago07 mins

Source: Live Mint The Public Provident Fund (PPF) is an excellent investment option with EEE (Exempt-Exempt-Exempt) status. This means it offers a tax deduction at the time of investment, the interest earned is tax-free, and the maturity proceeds are also exempt from tax. Currently, the interest rate for PPF is 7.10%. Moreover, PPF is fully…

Building a nest egg from birth: How NPS Vatsalya can secure your child’s future

TheSpuzz Desk2 months ago06 mins

Source: Live Mint Finance minister Nirmala Sitharaman on Wednesday launched NPS Vatsalya Yojana to give an early head-start to children to save for retirement. Parents can open an account for their child from birth to up to 17 years of age. When the child turns 18, the Vatsalya account will convert into a regular NPS…

Income Tax: How can a middle-class salaried employee optimise for taxes? | Mint

TheSpuzz Desk2 months ago09 mins

Source: Live Mint In this world nothing can be said to be certain except for death & taxes. – Benjamin Franklin. Effective tax planning allows salaried employees to optimise their post-tax earnings. A crucial aspect of tax planning for middle class salaried employees is leveraging deductions and exemptions within legal guidelines, defer taxes and take…

Is your PPF or Sukanya Samriddhi account at risk? Here’s what you need to know

TheSpuzz Desk2 months ago07 mins

Source: Live Mint India’s small savings schemes, long cherished for their high interest rates, are under the scanner. The government has announced a strict crackdown on irregular Public Provident Fund (PPF) and Sukanya Samriddhi Account (SSA) accounts, stripping them of their attractive 7.1% and 8.2% interest rates. Instead, such accounts will either earn no interest…

How a divorce led this influencer to go all in on mutual funds

TheSpuzz Desk2 months ago010 mins

Source: Live Mint Wadhwa started her journey when Facebook was thriving and Instagram was a photo-sharing platform. During this time, she created her online persona, Miss Coco Queen, a name that reflects her love for Coco Chanel and Alexander McQueen. “Back then I used to operate through blogs and Facebook posts, there was no video,”…

New rules for Small Savings Schemes: PPF to SSY changes effective Oct 1

TheSpuzz Desk3 months ago05 mins

Source: Business Standard Saving, Save Money, Economy, Money(Photo: Shutterstock) 3 min read Last Updated : Sep 05 2024 | 1:42 PM IST The government’s Department of Economic Affairs (DEA) has issued six new rules for Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), and other small savings schemes, effective October 1. The changes aim…

New rules for small savings schemes from 1st October 2024 you should know | Mint

TheSpuzz Desk3 months ago03 mins

Source: Live Mint The Ministry of Finance has issued updated guidelines for regularising irregular accounts across various National Small Savings Schemes. The guidelines cover a range of irregular accounts, including those under NSS-87, PPF for minors, and Sukanya Samriddhi schemes. All post offices and financial institutions must adhere to these new procedures to ensure proper…

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Sukanya Samriddhi Account to PPF: Guidelines for irregular small savings schemes effective today, October 1 | Mint

NPS Vatsalya Vs MFs Vs SSY: Which one to choose for your child’s future?

Public Provident Fund: What are the latest changes that could impact your savings? | Mint

Building a nest egg from birth: How NPS Vatsalya can secure your child’s future

Income Tax: How can a middle-class salaried employee optimise for taxes? | Mint

Is your PPF or Sukanya Samriddhi account at risk? Here’s what you need to know

How a divorce led this influencer to go all in on mutual funds

New rules for Small Savings Schemes: PPF to SSY changes effective Oct 1

New rules for small savings schemes from 1st October 2024 you should know | Mint