PPF: If this current interest rate exists, it will take just 17 years to make a cumulative corpus of Rs 1 crore
The government did not cut the rate of interest on small savings instruments for July-September quarter
Investment in PPF, interest earned on it, and the amount received on completion of the maturity period, all three are completely tax-free
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Both EPF and PPF are government-guaranteed savings instruments for the salaried and the self-employed
Some of these funds are specially designed for senior citizens to meet their post-retirement financial needs
NRIs are no longer allowed to make any new deposits into their PPF account. But, they are permitted to hold their pre-existing accounts
An individual with an annual income above Rs 2.50 lakh is required to file an income tax return but below mentioned incomes are exempted from it.
EPF is a highly secure tax-saving instrument that provides returns at 8.5% per annum, highest among all similar government-backed schemes
Debt instruments are generally considered safer investment options, but offer lower returns