Mon, Mar 25, 2024
PPF: Public provident fund is one of the popular post office schemes that falls in the Exempt-Exempt-Exempt (E-E-E) category. It means deposits, interest and withdrawals under the scheme are tax exempt. The scheme provides tax benefits on deposits of up to Rs 1.50 lakh under Section 80C of the Income Tax Act. The lock-in period is 15 years but one can get indefinite extensions of five years of blocks. If one continues their investment in the scheme for a certain period, they can generate a retirement corpus of over Rs 2.25 crore, of which over Rs 1.74 crore will come only through interest. Know calculations.
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Tue, Feb 27, 2024
PPF: Post Office guaranteed return schemes are popular since they give non-market-linked, risk-free returns. People use them to get monthly, quarterly, or annual returns, or build a retirement corpus These investment schemes are known to give steady returns, but they are hardly considered as options to generate a corpus running into crores. But if you consistently invest in a Post Office scheme such as Public Provident Fund (PPF), which gives you a compound annual interest of 7.1 per cent, in the long run, not only can you save considerable taxes, but you can also build a corpus of over Rs 1 crore. Know how-
Wed, Feb 07, 2024
Investment in guaranteed return options such as Public Provident Fund (PPF) can also help you create a retirement corpus of more than Rs 1 crore. And that too, even if you start investing at the age of 30. Whether you invest Rs 12,500 a month in PPF or just Rs 7500, you can create a corpus of more than Rs 1 crore. However, the only condition is that you have to be steady and regular in your investing.
Thu, Jun 30, 2016
Watch this special segment and get to know about the 'Experts advice for investment in Debt'.
Mon, Jun 20, 2016
The Finance Ministry on Monday said subscribers of the Public Provident Fund (PPF) can prematurely close the deposit scheme after completing five years for reasons such as higher education or expenditure towards medical treatment.
Tue, May 03, 2016
Managing finance and investments has become much more complex today than it ever was. Inflation has made it difficult to fulfil even the basic minimum needs such as buying a flat or children’s education.
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