There have been no changes in the major small savings scheme for the quarter of April-June 2024.. PPF interest rates - No Change (remains at 7.1%) - Possible reason like last quarter- Why PPF rates not increased? Sukanya Samriddhi Yojana…
Read More PPF 7.1% | SCSS 8.2% | NSC 7.7% | Sukanya 8.2% | No Changes for Apr-Jun 2024
The EPFO has INCREASED the EPF interest rate (Employees Provident Fund). The rates have been increased to 8.25% for FY2023-24. The rates earlier were 8.15% in FY 2022-23. So the answer to your questions about What is current EPF interest…
Read More EPF Rates Increased to 8.25% for FY2023-24 (from 8.15% earlier)
There has just one change in the small savings scheme interest rates for the quarter of January-March 2024. PPF interest rates - No Change (remains at 7.1%) - Possible reason like last quarter- Why PPF rates not increased? Sukanya Samriddhi…
Read More PPF 7.1% | SCSS 8.2% | NSC 7.7% | Sukanya Increased to 8.2% for Jan-Mar 2024
The quarterly revision of Small-Saving Scheme interest is due this month. And this includes a review of PPF interest rates as well. The current PPF interest rate is 7.1%. And the Government has not changed the rates since April-2020, when it…
The government notified the increase in almost all small savings scheme for April-June 2023 quarter (Q1 of FY2023-24) – read detail here. I have used the term ‘almost all’ as there has been no increase in PPF or Public Provident…
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 (2024)?
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)
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
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?
