By investing Rs 1.5 lakh every year in PPF and continuing for 25 years, you can build a retirement corpus of over Rs 1 crore. At the current 7.1% interest rate, this amount can generate nearly Rs ...
For many people in the country, retirement planning isn't about earning high returns, but rather about creating a secure, predictable, and tax-free income stream. This is where the Public Provident ...
Individuals can invest a minimum of ₹500 and a maximum of ₹1.5 lakh per year for 15 years in their PPF accounts. This amount ...
Both offer tax benefits, making them attractive to investors looking to save on taxes. While PPF is a long-term savings ...
Whenever we suddenly need money, we rush to personal loans with 12% to 18% interest rates. But did you know that your PPF account holds a 'credit card' that you can use in difficult times? The rules ...
Fixed Deposits are way more liquid than PPF. While FDs also have a tenure (ranging from seven days to 10 years), you can break them prematurely by paying a penalty (which is usually a small ...
If you have traits of a risk-averse individual, make sure you are not investing in any and every tax-saving avenue out there.
Many investors assume schemes like PPF and SSY are only worth considering if they reduce taxable income. That used to be true mainly under the old tax regime, where deductions under Section 80C could ...
You don't always need complicated tricks to save on taxes. Certain incomes and investments in India are fully exempt, letting ...
Compound interest, hailed by Albert Einstein as the eighth wonder of the world, fuels investment growth by earning interest ...