Public Provident Fund: How to open PPF account and why it is safest investment option
4 years, 1 month ago

Public Provident Fund: How to open PPF account and why it is safest investment option

India TV News  

The Public Provident Fund has been one of the favourite investment destinations for decades. As per the rule, an individual can open only one PPF account and can deposit a maximum of Rs 1.5 lakh every year. "The PPF interest rate is reviewed and announced by the central government every quarter. The major benefits of investing in PPF are that it fetches high but stable return; investors can avail loan against the investment amount; and annual investment in PPF upto rs 1.5 lakh can be claimed for tax waiver under section 80C of the Income Tax Act of 1961," Sachin Gupta, CEO, Share India, said. PPF loans Investors can also get a loan on PPF account balance at the rate of 1 per cent.

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History of this topic

Public Provident Fund: Is PPF a smart investment tool for income tax savings and ITR filing?
19 hours, 2 minutes 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: What are the PPF account rules for non-residents?
4 weeks ago

Public Provident Fund: What are the PPF account rules for non-residents?

Live Mint  

My daughter settled in the UK after her marriage in 2021 and is a British passport holder. 1.5 lakh every year in her PPF account till maturity just to keep it alive, or it should/can be closed before the initial maturity period of 15 years. As per the Public Provident Fund Scheme 2019 read with the Government Savings Promotion General …

Public Provident Fund vs Sukanya Samriddhi Yojana vs Post Office Fixed Deposit: Latest interest rates compared
1 month ago

Public Provident Fund vs Sukanya Samriddhi Yojana vs Post Office Fixed Deposit: Latest interest rates compared

Live Mint  

Saving is a vital part of life, whether for retirement or building an emergency fund. Here, we compare the most recent interest rates for Post Office Fixed Deposits, Sukanya Samriddhi Yojana, and PPF. Sukanya Samriddhi Yojana latest interest rates Sukanya Samriddhi account is a popular savings option for Indian parents of daughters. Post Office Fixed Deposit's latest interest rates The …

PPF: Interest rate offered on Public Provident Fund vis-a-vis other Small Savings Schemes. Check entire list here
1 month, 2 weeks ago

PPF: Interest rate offered on Public Provident Fund vis-a-vis other Small Savings Schemes. Check entire list here

Live Mint  

Are you looking to invest in a safe financial instrument for a long term investment? Other small savings scheme besides PPF Post office savings account: It offers 4 percent interest per annum. 1-year-time deposit: It gives 6.9 per cent interest per annum 2-year time deposit: It offers 7 per cent interest per annum. Senior Citizen Savings Scheme: This scheme offers …

PPF: Triple advantage of Public Provident Fund— explained
6 months, 3 weeks ago

PPF: Triple advantage of Public Provident Fund— explained

Live Mint  

The Public Provident Fund in India offers a secure long-term savings avenue with guaranteed interest rates and income tax deductions under Section 80C. Second, the contributions made to a PPF account qualify for tax deductions under Section 80C of the Income Tax Act, providing additional financial benefits to investors. "Initially, it furnishes a secure and low-risk pathway for long-term savings, …

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

PPF account: How to open Public Provident Fund account online with SBI, HDFC Bank, ICICI Bank. A step-by-step guide
10 months, 2 weeks ago

PPF account: How to open Public Provident Fund account online with SBI, HDFC Bank, ICICI Bank. A step-by-step guide

Live Mint  

PPF offers 7.1% interest annually and can be opened online through SBI, HDFC, and ICICI Public Provident Fund, the popular long-term savings scheme, which matures in 15 years is currently giving 7.1% interest annually. Even some banks like the State Bank of India, ICICI, and HDFC also provide the option of opening a PPF account online {{^adFree}} {{/adFree}} How to …

PPF calculator: How to become a crorepati with a Public Provident Fund account
1 year, 3 months ago

PPF calculator: How to become a crorepati with a Public Provident Fund account

Live Mint  

PPF calculator: The Public Provident Fund is a popular long-term savings scheme in India. "When you are extending your PPF account, you should choose an extension with an investment option as it would enable you to get interest on both the PPF maturity amount and fresh investments. In simple words, one can accumulate more than a crore in one's PPF …

Why Every Parent Must Consider Opening A PPF Account For Their Child
1 year, 5 months ago

Why Every Parent Must Consider Opening A PPF Account For Their Child

News 18  

Parents want to secure their child’s futures, offering them some financial stability whenever needit at crucial junctures of their lives. Here are a few reasons how a PPF account will benefit your child’s long-term financial well-being: -Lock-in period: PPF account has a 15-year lock-in period. When the child reaches the age of 18, he or she can choose whether to …

PPF Contributions: Deposit your contributions by today for maximum benefits
1 year, 8 months ago

PPF Contributions: Deposit your contributions by today for maximum benefits

India TV News  

People who have a Public Provident Fund account must make their contribution for the fiscal year 2023–24 by April 5 to get the most out of their investment. According to PPF plan rules, interest is computed based on the lowest balance in the PPF account at the end of the fifth day of the month and the end of the …

Confused Between PPF And EPF? Here's What You Should Know Before Investing
1 year, 9 months ago

Confused Between PPF And EPF? Here's What You Should Know Before Investing

News 18  

You might have heard the term employees’ provident fund and public provident fund numerous times. The interest rate on the EPF account has been set at 8.10 per cent for the current fiscal year. Every month, 12 per cent of the employee’s basic pay and dearness allowance must be contributed into the EPF account and the employer also shares an …

Post Office Savings Account Interest Rate Remains Unchanged For Q3 FY23
2 years, 2 months ago

Post Office Savings Account Interest Rate Remains Unchanged For Q3 FY23

News 18  

The government has increased the interest rates for a few small savings schemes for the October-December quarter of the fiscal year 2023. However, there was no change in the interest rates for many schemes including Public Provident Fund, National Savings Certificate and Post Office Savings. Currently, 4 per cent annual interest rate is offered on post office savings for individual …

VPF vs PPF: Which one should you choose and why?
2 years, 3 months ago

VPF vs PPF: Which one should you choose and why?

Live Mint  

In this fast pacing economy, working professionals are becoming more and more aware of the significance of retirement planning. PPF and VPF are two outstanding provident fund plans for investors with low risk profiles. Voluntary provident fund As the name implies, an employee who participates in the VPF scheme may voluntarily contribute any portion of his income to the Provident …

What is Public Provident Fund? All you need to know
2 years, 3 months ago

What is Public Provident Fund? All you need to know

Live Mint  

Public Provident Fund is a popular low-risk saving scheme run by the Government of India. In addition, the investors enjoy tax benefits since the principal, maturity amount, and the interest earned on PPF is exempt from taxes as it comes under the EEE category. Linking with Aadhaar The government has mandated to link Aadhaar to PPF account at the time …

PPF Account in Post Office: Know Features, Tax Benefits, Interest Rates of Public Provident Fund
2 years, 3 months ago

PPF Account in Post Office: Know Features, Tax Benefits, Interest Rates of Public Provident Fund

News 18  

Public Provident Fund Calculator: The Public Provident Fund, or PPF, was launched by the Indian government years ago to benefit small savers, who do not have a risk taking appetite. PPF provides one of the highest interest rates among small savings schemes at 7.1 per cent per annum. Here is How You Can Withdraw PPF Money For premature withdrawals, a …

PPF Calculator: Want Rs 1-Crore Return from PPF? Know How Much you Should Invest Monthly
2 years, 6 months ago

PPF Calculator: Want Rs 1-Crore Return from PPF? Know How Much you Should Invest Monthly

News 18  

Public Provident Fund Calculator: The Public Provident Fund, or PPF, was launched by the Indian government years ago to benefit small savers, who do not have a risk taking appetite. Invest Rs 417 a Day, Get Rs 1 crore Return: Here’s How With good interest returns, high popularity, low risk and tax free nature, the PPF can also help investors …

PPF Calculator: How to Get Over Rs 18 Lakh Return With Monthly Investments of Rs 1,000
2 years, 7 months ago

PPF Calculator: How to Get Over Rs 18 Lakh Return With Monthly Investments of Rs 1,000

News 18  

PPF Investment Calculator: The Public Provident Fund or PPF is one of the most popular, long term investment options in the country at present. The Public Provident Fund, or PPF is a government backed, high yielding, small savings scheme meant to create long term wealth for investors post retirement. PPF Features, Interest Rate, Benefits Explained Investors can invest as low …

Public Provident Fund: Here are 7 things you should know about PPF scheme
2 years, 7 months ago

Public Provident Fund: Here are 7 things you should know about PPF scheme

Live Mint  

Public Provident Fund is one of the most popular saving scheme with limited risk-free investment tool. As per the PPF loan rules, an account holder can get loan against PPF account from 3rd to 6th year of PPF account opening and the PPF loan interest rate is just 1 per cent. Gaurav Kapoor said another feature PPF offers is loan …

Public Provident Fund: Here are 7 things you should know about PPF scheme
2 years, 7 months ago

Public Provident Fund: Here are 7 things you should know about PPF scheme

Live Mint  

Public Provident Fund is one of the most popular saving scheme with limited risk-free investment tool. As per the PPF loan rules, an account holder can get loan against PPF account from 3rd to 6th year of PPF account opening and the PPF loan interest rate is just 1 per cent. Gaurav Kapoor said another feature PPF offers is loan …

PPF, NSC, small savings schemes interest rates announced | Check full list
2 years, 8 months ago

PPF, NSC, small savings schemes interest rates announced | Check full list

India Today  

Interest rates on small savings schemes, including NSC, PPF, and Sukanya Samriddhi Yojana, were announced by the government on Thursday. PPF, NSC INTEREST RATES Public Provident Fund and National Savings Certificate will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively, in the first quarter. "The rate of interest on various small savings …

PPF Account Opening in Post Office: Here's a Step-by-Step Guide to Open PPF
2 years, 11 months ago

PPF Account Opening in Post Office: Here's a Step-by-Step Guide to Open PPF

News 18  

Account holders should be aware that in order to make digital payments, they should first have an India Post Payments Bank Savings Bank Account. The post office saving schemes can be opened physically at a post office by filling an account opening application form or digitally using the India Post Payments Bank App. Currently, there are nine active schemes – …

PPF Withdrawal: Partial Withdrawal, Premature Account Closure Rule Explained. Details Here
3 years, 1 month ago

PPF Withdrawal: Partial Withdrawal, Premature Account Closure Rule Explained. Details Here

News 18  

The Public Provident Fund or PPF is a government backed, high yielding, small savings scheme meant to create long term wealth for investors post retirement. According to the PPF withdrawal rules, any account holder can close the account given that specific terms and conditions have been fulfilled. PPF withdrawal rules To facilitate complete withdrawal of PPF money, one has to …

PPF Update: Interest, Eligibility, How to Open PPF Account, Tax Benefits
3 years, 2 months ago

PPF Update: Interest, Eligibility, How to Open PPF Account, Tax Benefits

News 18  

The Public Provident Fund or PPF is one of the most popular, long term investment options in India. The Public Provident Fund is one of the very few investment options that enjoy the perks of the government’s triple tax exemptions, also known as the exempt-exempt-exempt status. This means that the PPF account holder is eligible to get tax exemptions thrice, …

PPF calculator: How much you need to deposit per month to become a crorepati
3 years, 5 months ago

PPF calculator: How much you need to deposit per month to become a crorepati

Live Mint  

PPF calculator: Public Provident Fund is one of the high yielding income tax saver option, which is 100 per cent risk-free. PPF account extension rule Advising investors with low risk appetite to take advantage of PPF account extension rule; Kartik Jhaveri, Director — Wealth Management at Transcend Consultants said, "PPF account has maturity period of 15 years, but one can …

Investing in PPF alone not enough for retirement savings
3 years, 6 months ago

Investing in PPF alone not enough for retirement savings

Live Mint  

NEW DELHI:Public Provident Fund is one of the best instruments available for retirement savings. Large-cap equity funds, for example, have given an average return of 11.92% over the past 10 years, according to data from Value Research. Suppose you invest Rs50,000 every year in PPF and the same amount in a large-cap fund for your retirement. Say, the average interest …

EPF, PPF interest rate should be equal — suggests SBI research team
3 years, 8 months ago

EPF, PPF interest rate should be equal — suggests SBI research team

Live Mint  

The State Bank of India economic research team led by Dr. Soumya Kanti Ghosh has advised Government of India to bring parity in Employees' Provident Fund and Public Provident Fund interest rate. The SBI research team made this suggestion while showcasing its findings on whether Indians have become more risk averse post-market aberrations in 2008? The SBI research team went …

How to Calculate Interest on Public Provident Fund (PPF) Balance
4 years, 1 month ago

How to Calculate Interest on Public Provident Fund (PPF) Balance

News 18  

Over the years, the Public Provident Fund has emerged as one of the safest saving-cum-investment options. The PPF offers tax-saving benefits under section 80C of the Income Tax Act and the interest earned on it as well as the maturity amount is tax-free as well. According to PPF rules, although the interest is calculated on a monthly basis, it is …

How to open SBI Public Provident Fund (PPF) account online explained in 10 points
4 years, 4 months ago

How to open SBI Public Provident Fund (PPF) account online explained in 10 points

Live Mint  

Public Provident Fund is a small savings fund offered by the Government of India. A PPF account can be opened in a Post Office, some banks like State Bank of India and ICICI Bank also provide the option of opening a PPF account. SBI customers can now open a PPF account online anytime through its internet or mobile banking facility. …

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