PPF: If this current interest rate exists, it will take just 17 years to make a cumulative corpus of Rs 1 crore
Small savings schemes news updates: Interest rates were slashed between 240-300 basis points over 9 years on different schemes
The account has a validity of 15 years and the subscriber needs to deposit a minimum of Rs 500 every financial year to keep the the account active
PPF still attracts one of the highest interest rates among guaranteed-return schemes
These accounts give you high return as well as various tax benefits and should not be allowed to lapse
Apart from the habit of savings that will be inculcated in your child, a PPF account opened early in life can result in big savings for the child
Pradeep Kumar is a 23-year-old IT consultant who earns Rs 50,000 per month and wants to start investing to achieve his financial goals. “I want
Under Section 80C, you can claim a maximum deduction of Rs 1,50, 000
The fund was launched with an inaugural interest rate of 4.8% and it took 16 years to reach double digits
PPF is a sovereign-backed tax-saving investment option