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…
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…
Read More 7 Best Investment Options for Salaried Indians (2023)
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?
Voluntary Provident Fund or Public Provident Fund in 2023. 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 2023)
Most people are aware of how PPF works and how interest is calculated on PPF account balance. After all, they are investing in PPF to earn interest on their contributions. And being a long-term savings product, it is also well…
Read More PPF Maturity Options after 15 Years: Updated Rules 2023
Many NRIs have questions related to PPF accounts. Like Can NRI invest in PPF in 2023? And like what are the latest rules of PPF for NRIs, etc. So I wanted to do a short post on the latest Public…
Read More Can NRI invest in PPF? New PPF Rules for NRI (2023)
The VPF Interest Rate is 8.15% for the financial year FY 2022-23. I know you want to know much more about the historical Voluntary Provident Fund interest rates. But before we see the full multi-decade details of the VPF Interest…
Yesterday, I was talking to a young relative of mine about how Sensex had touched 39,000 for the first time and how it had created immense wealth for investors in past years. But despite being young, this guy was somehow…
Read More Rs 90+ Lakh Anyone? A simple example of Wealth Creation from Indian Equities
Everybody wants to retire, but nobody wants to plan for it properly. Right? Most people’s strategy of retirement planning is ‘Hope’. And you would agree too that hope, isn’t the best of strategies. Not surprisingly, whenever we talk about retirement…
Read More NPS vs PPF: Which is Better for Retirement with Tax Saving?
Should I invest in PPF or ELSS to save taxes? This is a common question that I am asked quite often, more so during the tax saving season. Choosing between the ever so popular Public Provident Fund (PPF) and Equity-linked…
Read More PPF vs ELSS (2023) – Which is better for Tax Saving investments?
