5 changes in PPF rules which will impact you (PPF scheme 2019)
On 12th December, the Government of India has notified some changes to the PPF Scheme 1968. The government has replaced the earlier PPF Scheme, 1968 to the new Public Provident Fund (PPF) Scheme, 2019. You can view the following 5 min video I created on this topic. Let us see what changes have been made […]
ELSS vs PPF – where to invest for your tax saving? (20 yrs data analysis)
Most of the people who want to do tax saving in 80C are confused if they should invest in PPF or ELSS (tax saving mutual funds). Both PPF and ELSS offer taxation benefits of up to Rs 1.5 lacs under sec 80C. ELSS vs PPF – Meaning Let’s start with their meaning and what exactly […]
What happens to PPF account once you become NRI?
Once you become an NRI, what happens to your PPF account? Can you continue it or do you need to close it? The one-line answer is – NO, You do not have to close it, and you can continue it till its maturity. But there are more details to this. Last year on 2nd Oct […]
How to withdraw your PPF account money anywhere in India? Here is the Process
Today I am going to share very interesting and rare information related to PPF with you all. Have you ever wondered how can one withdraw their PPF money without visiting the base branch (from where PPF was opened)? A lot of people open PPF account in one city and then move to another city. It’s […]
Closing your PPF after 5 yrs is possible now [NEW RULES]
Recently the PPF closure rules got changed and now a PPF account can be closed prematurely after 5 yrs itself, but only in some conditions which we will see in this article. Till now, as per the old rules, the PPF account had a lock-in period of 15 yrs, and in no case, it was […]
PPF interest rate reduced from 8.7% to 8.1% effective April
The government has cut the interest rate on Public Provident Fund from 8.7%to 8.1% effective April. This was part of the interest rate cuts in the small saving schemes and apart from PPF, other very famous instruments like Kisan Vikas Patra, Senior Citizen Scheme & NSC interest rates have also come down by a good […]
When exactly does PPF account mature ? Answer is not 15 yrs !
When does a PPF account mature ? If you thought that its 15 yrs from the date you started your PPF account, then you are wrong ? Yes – there is a myth around this topic and most of the people do not know how does it actually work. Its extremely simple to find out […]
Yes – You can now invest extra Rs 50,000 in your PPF account and it will be accepted
Congratulations, Now you can now go and deposit the extra Rs 50,000 in your PPF account as the limit for your PPF investments was raised from Rs 1 lac per year to Rs 1.5 lacs in this budget. A lot of investors had invested Rs 1 lac in their PPF account this year start and […]
How this Lady paid Rs 25,000 in pay-order charges for claiming her PPF maturity amount
Is your PPF account going to mature very soon ? You are excited to finally redeem your years of saved money in PPF account. But do you know that some banks are playing with some investors ignorance and charging them hefty amount in the name of DD charges or Pay-order charges to give bank the […]
5 must know rules before Opening PPF Account for minor child
PPF account is one of the most favorite investment product in India and every person wants to open a PPF account for minor child. However, there are lots of myths about the rules on opening PPF account for minor kids. In this article, we will look at some of the important points you should know […]
