As the financial year draws to a close, various income tax-saving investment avenues, such as the Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), and National Pension System (NPS) necessitate minimum contributions to maintain their active status. Therefore, if you hold an account in any of these schemes and haven’t made any deposits for the …
How to choose tax-saving investments? Several critical factors to contemplate when selecting a tax-saving investment comprise: Lock-in duration: This denotes the minimum period you’re required to retain the investment before being able to withdraw funds. Certain tax-saving choices, such as the Public Provident Fund (PPF), entail lengthy lock-in periods, whereas others like tax-saving fixed deposits …
National Girl Child Day 2024: There is a wide range of investment products available for the girl child in India. These investment options help parents or guardians build a substantial corpus for the girl child’s future needs. Choosing the right investment to secure your child’s later years might be challenging. According to personal finance experts, …
Sukanya Samridhi Yojana interest rate hiked: The Narendra Modi government has raised the interest rates on the Sukanya Samriddhi Yojana (SSY)scheme by 20 basis points for the January-March quarter, ahead of Lok Sabha polls 2024. According to a finance ministry circular, the deposit under the Sukanya Samriddhi scheme would attract an interest rate of 8.2 …
India Post provides eight deposit options for investors, commonly known as post office saving schemes. These eight small saving schemes include Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), Post Office Time Deposit for a 5-year term, and Senior Citizen Savings Scheme (SCSS). Interest rates for small savings schemes are notified …