Children’s Day 2024: Top investment options to secure your child’s future – PPF, Bank FD, MF, SIP, NPS and more
4 months, 2 weeks ago

Children’s Day 2024: Top investment options to secure your child’s future – PPF, Bank FD, MF, SIP, NPS and more

Live Mint  

Children's Day 2024 celebrates the innocence and potential of every child. Children's Day 2024: Top Child Investment Options The most popular investment plans for children include PPF for minors, Fixed Deposit schemes, mutual funds, gold bonds, gold ETFs, etc. Here are the top child investment options PPF for minors A Public Provident Fund for minors can be a good way to create a long-term savings corpus for the minor's future needs. PNB Balika Shiksha Scheme, PNB Uttam Non-Callable Term Deposit Scheme, Yes Bank Fixed Deposit for Child, and SBI FD for Child are a few examples of child-specific FD schemes launched by Indian banks. Children-specific Recurring Deposit Plans Like FDs, many banks offer child-specific Recurring Deposit plans, which can provide benefits like smaller investment sums and comparatively higher interest rates.

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History of this topic

Public Provident Fund: Is PPF a smart investment tool for income tax savings and ITR filing?
3 months ago

Public Provident Fund: Is PPF a smart investment tool for income tax savings and ITR filing?

Live Mint  

Public Provident Fund is a reliable mode of investing for people who want to save taxes while also earning substantial returns on their investments. The fact that PPF is exempt from taxes in all three phases—during investment, interest accumulation, and withdrawal—gives it an edge and makes it one of the best tax-saving options available under Section 80C of the Income …

Public Provident Fund: Is PPF a smart investment tool for income tax savings and ITR filing?
3 months ago

Public Provident Fund: Is PPF a smart investment tool for income tax savings and ITR filing?

Live Mint  

Public Provident Fund is a reliable mode of investing for people who want to save taxes while also earning substantial returns on their investments. The fact that PPF is exempt from taxes in all three phases—during investment, interest accumulation, and withdrawal—gives it an edge and makes it one of the best tax-saving options available under Section 80C of the Income …

NPS Vs PPF: Choosing The Right Retirement Plan For Your Future
3 months, 3 weeks ago

NPS Vs PPF: Choosing The Right Retirement Plan For Your Future

ABP News  

NPS Vs PPF: As retirement planning gains importance, consistent investments over the years have become the cornerstone of creating a robust financial corpus. PPF suits those seeking low-risk, guaranteed returns, while NPS offers higher growth potential through diversified market-linked investments. Both plans offer tax benefits under Section 80C of the Income Tax Act, though NPS allows an additional deduction of …

NPS Vatsalya: Key benefits, investments, and withdrawal rules explained
3 months, 3 weeks ago

NPS Vatsalya: Key benefits, investments, and withdrawal rules explained

India Today  

The National Pension Scheme Vatsalya, launched this year, in September, allows parents or guardians to invest in a government pension scheme on behalf of their children. Any Indian minor under 18 is eligible for the NPS Vatsalya scheme. To open an NPS Vatsalya account, the following documents are needed: Proof of the minor’s date of birth KYC documents of the …

New pension scheme for minors: Should you invest in NPS Vatsalya?
4 months, 1 week ago

New pension scheme for minors: Should you invest in NPS Vatsalya?

Live Mint  

NPS Vatsalya is a National Pension System contributory new pension scheme for minors. NPS Vatsalya account opening eligibility All minor citizens up to 18 The account is opened in the minor's name and managed by their guardian until the child turns 18. For online account opening, you do so at the NPS Trust's eNPS platform Documents required for opening NPS …

Children's Day 2024: Top investment options for your kid's bright future
4 months, 2 weeks ago

Children's Day 2024: Top investment options for your kid's bright future

India TV News  

Children's Day 2024: Every parent aspires to secure a bright future for their children and works hard to ensure they have access to the best education and career opportunities. Let's explore best investment options for children Unit-Linked Insurance Plan A Unit-Linked Insurance Plan is a great option to secure your child's financial future. Life Insurance You can consider life insurance …

NPS Vatsalya: Is it the right choice for parents?
6 months ago

NPS Vatsalya: Is it the right choice for parents?

India Today  

NPS Vatsalya is a new scheme under the National Pension System, which was launched by Union Finance Minister Nirmala Sitharaman, designed specifically to help parents build a retirement fund for their child from birth. Unlike other financial products aimed at short-term goals like education or marriage, NPS Vatsalya focuses solely on long-term retirement savings for the child. For parents looking …

NPS Vatsalya Pension Scheme Explained: How It Aims To Secure The Future For Children. Details Inside
6 months ago

NPS Vatsalya Pension Scheme Explained: How It Aims To Secure The Future For Children. Details Inside

ABP News  

NPS Vatsalya scheme: In a major initiative to secure the financial future of children in India, the Centre has introduced the NPS Vatsalya Pension Scheme, providing flexible contributions and investment options for parents or guardians. The National Pension System Vatsalya scheme is set to foster a culture of savings from an early age, ensuring long-term financial security for India's younger …

Know more about NPS Vatsalaya, a new scheme for children
6 months ago

Know more about NPS Vatsalaya, a new scheme for children

New Indian Express  

NEW DELHI: In an era where financial planning is more crucial than ever, the government has taken a significant step toward securing the financial future of our youngest citizens with the launch of the NPS Vatsalaya scheme. By providing a structured framework for long-term wealth accumulation, NPS Vatsalaya not only offers parents a powerful tool to safeguard their children’s financial …

Provident Fund For Your Kid: Is PPF A Good Option For Minor Children?
11 months, 1 week ago

Provident Fund For Your Kid: Is PPF A Good Option For Minor Children?

News 18  

PPF, short for Public Provident Fund, constitutes a government-supported savings and investment plan in India. Offering attractive interest rates and tax advantages, the PPF account stands out as one of the investment options tailored for children. It’s crucial to understand that the PPF account will be managed by the parent or legal guardian until the minor child reaches 18 years …

Want to invest for your minor child? Here’s why a PPF account could make for a good choice
1 year, 8 months ago

Want to invest for your minor child? Here’s why a PPF account could make for a good choice

Live Mint  

The interest rates on Public Provident Fund investments continue to remain stagnant at 7.1 percent prompting many parents to think if it is worth opening a PPF account for their kids. Paragraph 3 of the Public Provident Fund Scheme, 2019, allows any parent or legal guardian to open a PPF account in the name of a minor child. Here's how: …

World Children's Day 2022: Three investment options for securing your child’s future
2 years, 4 months ago

World Children's Day 2022: Three investment options for securing your child’s future

Firstpost  

Both SSY and PPF are debt instruments. SSY gives an interest rate of 7.6 per cent and PPF provides a 7.1 interest rate World Children’s Day will be celebrated on 20 November. As a parent, this significant day might prompt you to think about how you can make your child’s future secure. Some of the best plans in which you …

Worrying about your child’s future? These investment options might help
2 years, 5 months ago

Worrying about your child’s future? These investment options might help

Live Mint  

Investing for your child's future should be the first thing on your mind today, especially in an environment where rising educational costs and inflation are the norms. While helping accumulate wealth through investments, they also come with a sum assured payout to the policyholder's child or nominees in case of the policyholder’s untimely death within the policy period. ● ULIPs …

What are the best child investment plans in India?
2 years, 11 months ago

What are the best child investment plans in India?

Live Mint  

It is not easy to plan for a stable future for a child. Making the appropriate investment selections at the right time is critical when trying to build a strong financial backup for the child. While there are numerous best investment plans for children in the market, it is always advisable to select an investment choice based on the need …

Here are Top Investment Plans Parents Can Choose for Young Boys
4 years, 3 months ago

Here are Top Investment Plans Parents Can Choose for Young Boys

News 18  

There are a host of investment options specifically designed for the girl child, but there is no designated investment plan when it comes to building a corpus of funds for your male child’s future. One of the most popular investment options are direct equity investment and mutual funds. To begin with one can consider investing a minimal amount of Rs …

This Children's Day, gift your child a secure future. Check 5 best child investment plans
5 years, 4 months ago

This Children's Day, gift your child a secure future. Check 5 best child investment plans

India TV News  

Children's Day 2019 Special: ​Parents always are in search of better investment plans to provide their child with a secure future. So, these Children's Day we take a look at 5 best investment plans to secure your child's future. Equity Mutual Funds This Children's Day, gift your child a secure future; check 5 best child investment plans Mutual funds have …

Small savings schemes: Govt keeps interest rates unchanged for Apr-June quarter on NSC, PPF, KVP
5 years, 11 months ago

Small savings schemes: Govt keeps interest rates unchanged for Apr-June quarter on NSC, PPF, KVP

Firstpost  

New Delhi: The government has kept the interest rates on small savings schemes, including NSC and PPF, unchanged for the April-June quarter. Public Provident Fund and National Savings Certificate will continue to carry an annual interest rate of 8 percent, while Kisan Vikas Patra will give a yield of 7.7 percent and mature in 112 months. Interest rates for small …

Interest rate on small savings schemes unchanged for January-March
8 years, 2 months ago

Interest rate on small savings schemes unchanged for January-March

Live Mint  

New Delhi: The government has kept interest rates on small savings schemes like Public Provident Fund and Kisan Vikas Patra unchanged for the January-March quarter even as banks have started lowering their deposit rates. A finance ministry notification said investments in PPF scheme will continue to fetch an annual interest rate of 8%, the same as 5-year National Savings Certificate. …

Dear DAUGHTERS
11 years, 2 months ago

Dear DAUGHTERS

The Hindu  

For a secure future To commemorate National Girl Child Day, India Post has launched a special savings scheme. There are special prizes for parents who start an account during the National Girl Child Week. Lashmanan, offers a ‘Save our Girl Child’ savings deposit scheme. 1,500 for Adi Dravidar/tribal girls from Classes III to VIII; and scholarships to encourage SC/ST/MBC girl …

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