The FinTech Hub
Source: Live Mint My daughter settled in the UK after her marriage in 2021 and is a British passport holder. She opened her PPF a/c in 2008 when she was in service in India till 2021. She also has a savings bank account with her mother. She does not have any source of income in…
Source: Live Mint Are you a conservative investor who is looking to invest in some safe financial instrument? If the answer is ‘yes’ then you can, among other instruments, invest in a fixed deposit. Besides FD, one can also explore the prospect of investing in small savings instruments, or post office savings schemes. These schemes…
Source: Live Mint Saving is a vital part of life, whether for retirement or building an emergency fund. There are many excellent ways to increase your savings and make wise investments. Public Provident Funds (PPF), Sukanya Samriddhi Yojana ( SSY), and fixed deposits (FD) are well-liked investment vehicles. People can open a PPF or FD…
Source: Live Mint Are you looking to invest in a safe financial instrument for a long term investment? Besides fixed deposit (FD), bonds or debt mutual funds, one can invest in a post office small savings scheme. Among all these options, one of the popular small savings scheme is public provident fund (PPF). Investment in…
Source: Live Mint The Public Provident Fund (PPF) is a highly popular savings scheme that offers a low-risk investment option. As you prepare for Diwali 2024 festivities, consider opening a Public Provident Fund (PPF) account to secure your financial future. However, before you proceed, it’s important to be aware of three significant changes that could…
Source: Live Mint PPF calculator: A Public Provident Fund (PPF) account is a risk-free investment and tax-saving tool backed by the central government. This small savings scheme offers attractive long-term returns. Currently, the PPF interest rate stands at 7.1%. The PPF account has a maturity period of 15 years, but it can be extended indefinitely…
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…
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…
