PPF
Which is a better investment option: ELSS or PPF?
How to open PPF account online- PPF withdrawal, loan, pre-mature closure rules: Here's a guide
- EPF, PPF interest rate gap widens to 105 basis points: Self-employed class disadvantaged
- Why opening PPF account for minors can be beneficial for them
- How to calculate interest on PPF balance
- Your PPF account may become irregular: Here's how
- Public Provident Fund: 15 lesser known but important rules
- NRIs can continue their PPF account now; Earlier it was to close on losing resident status
PPF is a 15-year scheme, which can be extended indefinitely in block of 5 years. It can be opened in a designated post office or a bank branch. It can also be opened online with few banks. One is allowed to transfer a PPF account from a post office to a bank or vice versa. A person of any age can open a PPF account; even those with an EPF account can open one.
One can deposit a maximum of 12 times in a year, but remember to deposit before the 5th of the month to get interest for the full month, as the interest is allowed on the lowest balance at the credit of an account from the close of the 5th day and the end of the month. Many investors deposit a lump sum amount right at the beginning of the financial year. There are provisions to take loans and make partial withdrawals from the scheme as well.
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PPF
Public Provident Fund (PPF) continues to be a favourite savings avenue for many investors. After all, the principal and the interest earned have a sovereign guarantee and the returns are tax-free. The principal invested in the PPF qualifies for deduction under Section 80C of the Income Tax Act, 1961 and the interest earned is tax exempt as well under Section 10.PPF is a 15-year scheme, which can be extended indefinitely in block of 5 years. It can be opened in a designated post office or a bank branch. It can also be opened online with few banks. One is allowed to transfer a PPF account from a post office to a bank or vice versa. A person of any age can open a PPF account; even those with an EPF account can open one.One can deposit a maximum of 12 times in a year, but remember to deposit before the 5th of the month to get interest for the full month, as the interest is allowed on the lowest balance at the credit of an account from the close of the 5th day and the end of the month. Many investors deposit a lump sum amount right at the beginning of the financial year. There are provisions to take loans and make partial withdrawals from the scheme as well.
How to open a PPF account: Eligibility, documents, process
Any Indian resident can open a PPF account. Parents or legal guardians can also open a PPF account on behalf of a minor child. NRIs are not eligible to open new PPF accounts.
Will PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi, other post office schemes’ interest rates reduce from October, 2024?
The Centre is likely to announce the interest rates of small savings schemes — Public Provident Fund (PPF), Senior Citizen Savings Scheme (SCSS), National Savings Certificate (NSC), Sukanya Samriddhi Yojana (SSY), Post Office Monthly Income Scheme (POMIS) by September 30, 2024. As we are almost towards the end of the rising interest rate cycle, will interest rates of post office schemes start falling soon? Read on to know where the interest rates are going during the October-December quarter of 2024 and what investors should do now.
Latest PPF interest rate: What is the Public Provident Fund interest rate for the October-December 2024 quarter?
Latest PPF interest rate: The government revises the interest rates of all small savings schemes every quarter. Some popular post office schemes are the Public Provident Fund, Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), Post Office Time Deposits (POTD), Mahila Samman Savings Certificate, and Post Office Monthly Income Scheme (POMIS).
Latest post office schemes interest rates: PPF, SCSS, SSY, other small savings schemes rates announced for Oct-Dec 2024 quarter
Latest post office schemes interest rates: Take a look at the interest rates for post office schemes in the October-December 2024 quarter.
Latest PPF interest rate: What is the Public Provident Fund interest rate?
Latest PPF interest rate: The Public Provident Fund is highly favored for its long-term guaranteed earnings and tax benefits. By allocating small amounts of money regularly, the PPF scheme assists in initiating savings to create a fund that aligns with your set objectives.
Latest PPF rules: Can NRI continue investing in Public Provident Fund account he opened when he was an Indian resident?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Irregular PPF accounts: New rules from Oct 1, 2024 for regularisation of 3 types of irregular Public Provident Fund accounts
On August 21, 2024, the ministry released a circular that established the procedures for handling the regularization of unlawfully opened accounts in different National Small Savings Schemes via post offices. The circular explains the new regulations for regularizing irregular PPF, Sukanya Samriddhi Yojana, and other small savings schemes, which will be effective from October 1, 2024.
Interest rate up to 8.2%: Latest interest rates of PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi, other post office schemes
Latest small savings schemes interest rates: The savings schemes offered by post offices consist of the Public Provident Fund, Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), Post Office Time Deposits (POTD), Mahila Samman Savings Certificate, and Post Office Monthly Income Scheme (POMIS).
Budget 2025 expectations: Old tax regime continuation, capital gains tax simplification, reliefs on NPS, crypto, and more: Here's what experts want
With Union Budget 2025 around the corner, experts are voicing what they would want from FM Sitharaman in February next year. Some proposals include enhancing the appeal of NPS as a retirement planning vehicle, reducing TCS on foreign remittances, and tax reliefs for annuity, crypto, and term insurance. Read on to know what India expects from Budget 2025
Six new rules for PPF, Sukanya Samriddhi Yojana, other small savings schemes with effect from October 1, 2024
Small savings rules: The Ministry of Finance is responsible for overseeing small savings accounts. Any unusual accounts must be sent to this department to be brought into compliance by the Ministry of Finance, as per the regulation. Six specific categories have been defined, and appropriate instructions have been provided.
Gala is saving for retirement but his mutual fund portfolio is risky: Here's what he should do to meet goals
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
Retirement planning: Defer retirement to build sufficient corpus
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
Hike SIPs by 10% every year to achieve big retirement goals
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
Investment and nominations: Why you must nominate in your bank FDs, PPF, mutual funds, LIC
The first step is to identify all the investments that require nomination. This includes bank accounts, fixed deposits, mutual funds, insurance policies, and other financial instruments.
Latest PPF (Public Provident Fund) interest rate for July- September 2024 quarter
Latest PPF interest rate: The Public Provident Fund (PPF) is widely favored as a savings option. The government has recently revealed the interest rates for small savings schemes for the period of July to September 2024. PPF investments are considered risk-free as it is government backed.
Equity or debt, where to put your money? Remember these 3 things to generate best return from portfolio
The recent market correction reinforces these timeless investment principles. Rather than being swayed by short-term market movements, investors need to focus on maintaining appropriate asset allocation through market cycles. While the allure of equity markets during bull runs is understandable, the role of fixed income in creating long-term wealth cannot be overstated.
PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi, NSC, other small savings schemes' rates announced for July-September 2024 quarter
Latest Post Office Schemes interest rates: The government has announced that it will keep the interest rates unchanged for small savings schemes for July-September 2024. These schemes include the Public Provident Fund, Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), Post Office Time Deposits (POTD), Mahila Samman Savings Certificate, and Post Office Monthly Income Scheme (POMIS).
Investment portfolio: Use current rally to get rid of underperformers, increase SIPs by 10% every year to achieve long-term goals faster
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
Latest interest rates of PPF, Sukanya Samriddhi Yojana, Senior Citizen Saving Scheme, NSC, other post office schemes
Latest small savings schemes interest rates: The government has left the interest rates on small savings schemes for the quarter ending June 30, 2024. Latest interest rates of PPF, Sukanya Samriddhi Yojana, Senior Citizen Saving Scheme, NSC, and other post office schemes.
PPF, Sukanya Samriddhi, other post office schemes rules: Guidelines for irregular small savings accounts effective from October 1, 2024
Small savings schemes rules: The Ministry of Finance has recently announced an update to the National Savings Scheme (NSS) through a new notification dated August 29, 2024. This update explains modifications made to the National Savings Scheme Rules 1987 and 1992.
Top post office schemes: These 9 small savings schemes offer above 7% interest rate
Post office schemes interest rates: The government has kept the interest rates on small savings plans unchanged for the quarter ending June 30, 2024. Here are nine post office schemes that offer more than 7% interest.
Not making PPF investment before April 5 can cost this much in interest
PPF deposit before April 5: Investing in PPF account before April 5 can earn the PPF account holder more interest. Making lumpsum investment for the entire year after this date will make a PPF investor to lose a month's interest. Read on to know how much you lose if an individual misses this date.
PPF, Senior Citizen Savings Scheme, SSY, NSC: Is it mandatory to submit Aadhaar to invest in small savings schemes?
Small savings scheme: Do you need to submit Aadhaar mandatorily in order to invest in small savings scheme? The answer is yes. According to a notification by the Ministry of Finance, Aadhaar is now mandatory for investing in PPF, SSY, NSC, and other small saving schemes.
Where should I invest my retirement benefit amount of Rs 2 crore for the next 20 years to get a regular income?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Start investing early if you want to retire at 50
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
PPF deposit: Finding it difficult to deposit money in your PPF account online? Here are different ways to invest before the April 5 date
How to invest in PPF: Those investing in the Sukanya Samriddhi Yojana (SSY) and the Public Provident Fund (PPF) should ensure that their contributions are deposited into the accounts before April 5 in order to maximize returns for the ongoing financial year, 2024-25.
Latest PPF interest rate: Was Public Provident Fund rate hiked for April-June 2024 quarter?
Latest PPF interest rate: The Public Provident Fund (PPF) is one of the most popular savings instruments. Note that only one PPF account can be maintained by an Individual, except an account that is opened on behalf of a minor.
Post Office Monthly Income Scheme interest rate: What is the POMIS interest rate for the October-December 2024 quarter?
Capital protection is one of this scheme's primary advantages, which makes it a safe option for savings. The principal can be withdrawn at maturity. Interest is paid on completion of a month from the date of opening and so on till maturity.
7.1% PPF interest rate or 8.2% returns from Senior Citizen Savings Scheme (SCSS): Where should someone in 20% tax bracket invest?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Nifty hovering@25K: Should you start reducing allocation to ELSS mutual funds?
Nifty is struggling to maintain its position at 25K, leading investors in ELSS MFs to consider trimming their portfolios. Despite recent low-key performance, experts advise maintaining a long-term investment strategy. ELSS funds have historically provided strong returns and tax benefits under Section 80C of the Income Tax Act.
PPF, SSY, Senior Citizen Savings Scheme, other post office schemes interest rates for April- June quarter 2024
Post office schemes interest rates for April-June quarter: The government revises small savings schemes interest rates every quarter. Here is a look at the interest rates on various post office schemes for the first quarter of FY 2024-25 along with its compounding frequency.
Penalty for not depositing money in PPF, Sukanya Samriddhi Yojana by March 31 every FY
A look at the minimum money that individual must deposit in Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) and National Pension System (NPS) accounts in before March 31, 2024 to avoid having to pay a penalty.
High exposure to small, mid caps can upset financial plans
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals
PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi and other small savings schemes' rates announced for April-June quarter; check here
Latest small savings schemes interest rates: Here is a look at the interest rates on various small savings schemes for the fourth quarter of FY 2023-24.
Top 6 investment options for women in India
An increasing number of women in India are entering the workforce and seeking financial autonomy. They have various investment options, including PPF, mutual funds, NPS, fixed deposits, NSC, and Mahila Samman Savings Certificate, to achieve their financial goals and secure their future.
Latest GPF interest rate: What is the General Provident Fund interest rate for October–December 2024 quarter
Latest GPF interest rate: The Ministry of Finance has released the interest rate for the General Provident Fund (GPF) and similar provident fund schemes for the fourth quarter of 2024 (October - December).
Latest NSC interest rate: What is the National Savings Certificate interest rate for October-December 2024 quarter
National Savings Certificate, or NSC, are savings bonds offered under the India Post's small saving schemes. The interest rate on the NSC, along with other small savings schemes, is revised every quarter by the government.
How to open ICICI Bank PPF account online? Get Step by Step process
The PPF due to the benefits of tax savings, returns, and safety, the program has now become one of the most popular long-term savings schemes.
Retirement planning: Pare retirement goal, redeem equity funds
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
Why financial planning must continue after retirement
Subir Malhotra, after retiring from his corporate job, needs to secure his retirement corpus in income-generating products like bonds and bank deposits. Asset allocation must be adjusted to reflect his short-term goals and risk aversion. Redeeming PPF savings for debt funds is advised.
Why you need to invest, instead of saving
The money that you are saving is an asset that has the potential to generate higher returns, which will help him reach his goals faster. The amount that will have to be set aside from the current income will come down since the returns that will be generated will add to the corpus being created for their future needs.
Retirement planning: Four investment options for small business owners to build a retirement corpus
Retirement planning often takes a back seat for small business owners while managing their dayto-day business operations.
Should parents invest in NPS Vatsalya for children? Check how it compares to other schemes
ET Wealth reached out to experts to know whether one should consider this scheme and how it compares with other options. Here’s what they have to say.
Latest PPF interest rate: Was Public Provident Fund rate hiked for January-March 2024 quarter?
The government has raised the rate of interest on two small savings schemes for the quarter January-March 2024 by 10-20 basis points. However, the PPF rate has been unchanged from April-June 2020.
Will PPF interest rate be finally hiked in 2024 after remaining unchanged since April 2020?
PPF, Senior Citizen Savings Scheme, and Sukanya Samriddhi Account: Interest rates of small savings schemes are due for revision at the end of this month. The interest rates of small savings schemes are linked to yields of 10-year Government Securities in the secondary market. There are set formulae for mark-ups over the previous three months’ average yield of relevant G-Secs of comparable maturity. Let's see if you are in for a New Year bonanza from the Central Government this time.
PPF, SCSS, Sukanya Samriddhi interest in July-September 2024: Will govt hike interest rates of PPF, small savings schemes for next quarter?
PPF, SCSS, Sukanya Samriddhi interest in July-September 2024: The government is likely to announce the interest rates of Public Provident Fund (PPF), Senior Citizen Savings Schemes (SCSS), National Savings Certificate (NSC), Sukanya Samriddhi Yojana (SSY), Post Office Monthly Income Scheme (POMIS) and other small savings schemes for the July-September quarter 2024 by June 30, 2024. Will the government finally make PPF investors happy this time? Will Centre increase the interest rates of SCSS, NSC, Sukanya Samriddhi Yojana and other other small savings schemes for the July-September quarter 2024? Know what experts suggest
4 things that can go wrong if you invest just to save tax
Many investors view tax concessions as choices that must be optimised. Why should we worry about this? We may end up with an asset allocation that will not serve our goals and needs. We may give up operational flexibility while choosing products. We may not be able to access the asset for other important uses.
PPF account: Nine important Public Provident Fund account rules and benefits
PPF: Here is a look at important rules you should know about the Public Provident Fund.
Public Provident Fund: How nominees, legal heirs can claim a PPF account on death of the subscriber
Public Provident Fund is a popular long-term savings scheme offering tax benefits and attractive interest rates. Here’s how nominees or legal heirs can claim a PPF account on the death of the subscriber.
Sukanya Samriddhi, 3-year post office FD rates hiked up to 20 bps; check latest small savings schemes interest rates
Latest post office schemes interest rates: Here is a look at the interest rates on various small savings schemes for the fourth quarter of FY 2023-24.
Which mutual fund schemes should I invest in for maximum wealth creation?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Post office schemes new rules 2023: Major changes made to PPF, POTD, POMIS, Senior Citizens Savings Scheme, other small savings schemes
The government has made various changes under small savings schemes in the year 2023. Here we have listed some of the major and important changes made by the government.
I invested Rs 34 lakh in FDs. I want to divest some amount from fixed deposits, invest in mutual funds to beat inflation
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
I am 45 years old and my monthly expenses are Rs 1 lakh; where should I invest to retire at 50?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Retirement planning: How and where to invest if you want to retire at 50
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
Latest PPF interest rate: Was Public Provident Fund interest rate hiked for Oct-Dec quarter?
The government raised the interest rate on just one small savings scheme for the quarter ending December 31, 2023.
Increase SIPs to Rs 20,000 and hike by 10% every year to achieve your financial goal
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
Interest rates on Small Savings Plans to stay unchanged
Interest rates for small savings schemes, including PPF and Sukanya Samriddhi accounts, remain steady for the September quarter. The government utilizes these schemes to help finance its fiscal deficit, with rates across different schemes staying unchanged to support this objective.
Long-term investment options to build a multi-crore corpus
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Investment planning for children: How to choose the right investment option to secure your child's future
Investment planning for children: Starting early is not enough. Choosing the wrong investment is a common problem. It becomes even more acute while saving for critical long-term financial goals such as children’s education and weddings. Many of the challenges faced by investors can be avoided if they take professional advice on investments and finances. Here's how to invest in the right instruments and buy protection for your child.
To whom do the new Senior Citizen Savings Scheme (SCSS), PPF rules apply? Govt clarifies
The Department of Posts came out with an detailed notification about senior citizen savings scheme (SCSS) and Public Provident Fund (PPF) few weeks back. On November 29, 2023 the Department of Posts issued a clarification as to who the new SCSS and PPF rules would apply. Read below to find out.
4 ways your PPF account can become irregular
Public Provident Fund (PPF): Here are four instances when a PPF account can become irregular.
How to extend PPF account after it matures; three options to consider
PPF account matures after 15-year lock-in term. But what about once it reaches maturity? What choices are available to you if you wish to keep using your PPF account?
Moonlighting and ITR filing: Why moonlighters should file income tax return, form to use, other details
Moonlighting, driven by side hustles and remote work opportunities post Covid-19, requires moonlighters to carefully choose the right ITR form, consider the presumptive tax regime, and submit Form 10-IEA online for tax benefits under the old regime.
Which mutual funds should I invest in to save Rs 1 crore in 5 years?
Investing tips: Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
SIP, STP or lumpsum? How to invest as Dalal Street recovers from election shocker
Post-election market recovery raises concerns for mutual fund investors on choosing between lumpsum or SIP/STP investments for better returns. Bankbazaar.com CEO Adhil Shetty advises considering market conditions, risk appetite and financial goals for investment decisions in mutual funds.
Can NRIs continue to operate their PPF accounts?
NRIs navigating PPF accounts encounter restrictions and guidelines, from tax benefits to closure procedures. Understanding these rules is crucial for managing accounts effectively while maximizing investment returns and complying with regulatory requirements.
PPF, Sukanya Samriddhi, SCSS, NSC interest rates for December 2023 quarter announced; check here
Post office savings schemes interest rates: Here is a look at the interest rates on various small savings schemes for the third quarter of FY 2023-24.
