PPF is a good instrument for investors as it allows flexibility and tax benefits.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
A comprehensive look at one of the most-preferred tax-saving investment option for the salaried class
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'Some part could be used for consumption purposes, and the rest could be used to meet important financial goals.' 'The split can be 30:70 to 50:50, depending on one's situation.'
There is no clearly defined right or wrong answer since both target different needs of a portfolio.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Investors must remember that only resident Indians can open a PPF account and a person can have only one PPF account.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
'If you invest in a rush at the last moment, you could compromise on selecting the best tax-saving options.'
The Public Provident Fund is one of the safest and convenient modes of investment.
Your choice between the Old and New Tax Regimes should reflect your financial strategy and investment goals, says Ramalingam Kalirajan
Equity-focused schemes may perform better in a bull market, while debt-oriented ones may offer greater stability during volatile periods.
The government on Wednesday cut interest rates on small savings schemes, including NSC and PPF, by up to 1.1 per cent for the first quarter of 2021-22 in line with falling fixed deposit rates of banks. Interest rate on Public Provident Fund (PPF) has been reduced by 0.7 per cent to 6.4 per cent while National Savings Certificate (NSC) will now earn 0.9 per cent less at 5.9 per cent. Interest rates for small savings schemes are notified on a quarterly basis. The rates of interest on various small savings schemes for the first quarter of the financial year 2021-22 starting from April 1 has been revised, the finance ministry said in a notification.
Currently investment of up to Rs 1.50 lakh in PPF is exempt from the Income Tax Act under 80C.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Public Provident Fund should be phased out over a period of time after the introduction of the new pension scheme proposed by the government, the interim Pension Fund Regulatory and Development Authority chairman D Swarup said on Saturday.
Millions of small savers and PPF account holders will earn less on their post office savings schemes, with the government deciding to reduce interest rates on them marginally by 0.10 per cent.
ELSS investments require a long-term commitment of at least seven years.
We asked you, dear readers to share your best tips on saving money. This is what S Kumar shared.
PPF is a typical savings tool but one has to invest for the long term. This means there is an asset-class mismatch.
Frankly, there is no reason not to open a PPF account and start investing in PPF
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
The government on Wednesday said interest rates on post office savings schemes, except the PPF, will remain fixed throughout the term of the scheme.
The bank has received authorisation to collect funds for PPF at branches mandated by the ministry of finance, ICICI Bank said in a release in Mumbai on Friday.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
Investors must explore alternate avenues like mutual funds and pension plans for building a retirement corpus.
If you look at the interest rate offered, tenure of investment and tax implications voluntary provident fund scores over public provident fund.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Banks have been reluctant to transmit the entire policy rate cut by RBI to borrowers.
