The government has increased the interest rates for many small scheme savings interest rates for the quarter of April-June 2023. Here are the changes made - PPF interest rates - No Change (remains at 7.1%) - Possible reason - Why…
Read More PPF stays 7.1% | Sukanya increased to 8.0% | SCSS increased to 8.2%
The government has made a few changes to the small scheme savings interes rates for the quarter of January-March 2023. Here are the changes made - PPF interest rates - No Change (remains at 7.1%) Sukanya Samriddhi rates - No…
Read More PPF stays at 7.1% | Sukanya at 7.6% | SCSS rates increased to 8.0%
A Public Provident Fund (or PPF) account matures in 15 years. But it’s not necessary for you to close the account. You can extend it too. How many times can you extend your PPF account after maturity? After maturity of…
Read More How many times can I extend my PPF account (2025)?
Should you open a PPF account for your children? The answer is YES. Can you open a PPF account for your children? Yes. The PPF account rules allow you to open a PPF account for minor children. And what is…
Read More Why You Should Open a PPF account for Minor Children (2023)?
Yes, you read that right. You will now have 2 EPF accounts. In a way atleast. It was earlier announced in Budget 2021, that in a given financial year, the government came up with the new EPF 2.5 lakh rule…
Read More How will EPF above Rs 2.5 lakh be taxed? With 2 EPF accounts!
When we Indians start earning for the first time, the first brush with savings happens via EPF deductions. Your salary is automatically deducted and some amount goes towards your EPF corpus. Then comes the first tax-saving season. When we wake…
Will the government cut your PPF rates and the rates for other small savings schemes like Sukanya Yojana, SCSS, NSC interest rates in the coming quarter? It is possible. In fact, in the last quarterly update, it did cut the…
No. This is no April Fool’s thing even though it might seem like one. In less than 24 hours after announcing big rate cuts, the government took a u-turn, backtracked on its decision and reversed the rate cuts by withdrawing…
Read More PPF, Sukanya Rate Cuts Withdrawn. But take the hint & Be Ready
In India, many PPF account holders have a habit of depositing full Rs 1.5 lakh in PPF between 1st and 5th April to maximize the interest benefit for their PPF accounts. However, many investors do not know how PPF interest…
Read More Why Invest Rs 1.5 lakh in PPF before 5th April? (2025)
Two readers mailed me similar queries: Can I open Sukanya Samriddhi Account as well as a PPF account for my girl child? and Should I choose Sukanya Samriddhi Yojana or PPF when investing for my daughter? The answer is simple.…
Read More Can you open both Sukanya Samriddhi and PPF account for Daughter?
The Budget 2021 has proposed that from April 2021, interest on any contribution above Rs 2.5 lakh per year in PF will be taxed. There is some confusion among a few people that will this rule also apply to the…
Read More Is taxable PF interest (Rs 2.5 lakh) rule applicable to PPF?
The Budget 2021 changed the EPF interest taxation rule (details here). Now if the employee contribution to PF (via EPF and/or VPF) exceeds Rs 2.5 lakh in a year, then the interest on the additional amount (above Rs 2.5 lakh)…
Read More Should you still invest more than Rs 2.5 lakh in EPF?
Should you invest before the 5th of every month in the PPF account? Should you invest Rs 1.5 lakh before 5th April every year for maximum returns from your PPF account balance? The answer to these questions is Yes no…
Voluntary Provident Fund or Public Provident Fund in 2024. Difference between VPF Vs. PPF and how to choose between the two? This was a dilemma when even I joined my salaried job for the first time more than a decade…
Normally, the Public Provident Fund or PPF account matures at the end of the 15th year. At that point, you can either withdraw the full amount tax-free or extend your PPF account (with or without contribution) further for a block…
Read More PPF Withdrawal & Loan from PPF Account (Rules before 15 years: Updated 2024)
