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1-10 results from 196 for query «ppf»

14 February, 2018 6:17 AM Government may allow premature closure of PPF accounts – All you need to know

The bill proposes permitting depositor to close a PPF account before five years in exigencies. New Delhi: The government has proposed to allow premature closure of Public Provident Fund (PPF) accounts and permit opening of small savings accounts in the name of minors. The legislative changes proposed in the Finance Bill 2018 are aimed at adding flexibility 42

31 January, 2018 11:51 AM Here's why ELSS is best tax-saving instrument under section 80C

Looking into the data of the last five years, ELSS returned over 19 percent. Among a slew of instruments available under section 80C of The Income-tax Act, 1961, equity-linked savings schemes (ELSS) returned the most in the last five years, although it has the lowest lock-in period of just three years. Section 80 C is the most commonly used section for saving 37

9 December, 2017 2:03 PM This is how you can save Rs 1 crore in over 20 years

Money put away for a rainy day is always a bonus. If ‘time value of money’ had to teach us anything it would be that money available at the present time is worth more than the same amount in the future. Nevertheless, money put away for a rainy day is always a bonus. The 27-year old said that the person's monthly salary was amounting to Rs 40,000. However 37

7 December, 2017 9:49 AM ICICI Bank offers service to open PPF account online

New Delhi: Private lender ICICI Bank said it has launched a digital service to allow customers to open a PPF account online, eliminating the need for furnishing paper documents. The digital service will enable customers to open a public provident fund (PPF) account instantly and in a completely online and paperless manner. "With this new facility, customers 32

1 July, 2017 10:25 AM Why reduction in PPF, NSC and KVP rates is bad for common man but good for economy; explained here

As per the notification, PPF will fetch a lower annual rate of 7.8% while KVP will yield 7.5%. The Union government on Friday slashed interest rates on small saving schemes, including, NSCs, Public Provident Fund (PPF) and Kisan Vikas Patra by 10 basis points. The revised PPF and NSCs are set at 7.8%, while KVPs will earn only 7.5%. The new rates for Senior 70

1 April, 2017 6:56 AM New fiscal year, new rules: From insurance premium to income tax rules, here's what changes from April 1

While April 1 may be famous for pranks, hold in your laughter till you read the new rules that will come into effect hereon. The changes range from higher insurance premiums, lower savings scheme interest rates, penalties on late income tax returns filing, and more. Car and health insurance will go up by about 5% as the insurance regulator Irdai gave a go-ahead 30

31 March, 2017 6:39 AM Small saving schemes interest rates lowered by 0.1%

NEW DELHI: The government has lowered interest rates on small saving schemes like PPF, Kisan Vikas Patra and Sukanya Samriddhi scheme by 0.1 per cent for the April-June quarter, a move that would prompt banks to cut their deposit rates. For April-June, these have been lowered by 0.1 per cent across the board compared to January-March. However, interest 89

31 March, 2017 6:32 AM From April 1, interest rate on PPF, small savings will be lowered by 0.1%

The Centre today lowered interest rate by 0.1 per cent on Public Provident Fund (PPF) and small savings deposits. The new rate would be effective from April 1. Meanwhile, For the January-March quarter even as banks have started lowering their deposit rates, government has kept interest rates on small savings schemes like PPF and Kisan Vikas Patra unchanged 145

31 March, 2017 6:32 AM PPF, Other Small Savings Schemes To Fetch Lower Interest Rates From April 1

The government has lowered interest rates on small saving schemes like the Public Provident Fund, the Kisan Vikas Patra, the Sukanya Samriddhi Account and the Senior Citizens Savings by 0.1 per cent for the April-June quarter. The popular Public Provident Fund or PPF and the Five-Year National Savings Certificate will fetch an interest rate of 7.9 per cent, according 36

8 February, 2017 12:49 PM COMMENT: Why EMIs haven't fallen sharply despite RBI's easing cycle

Since January 2015, the Reserve Bank of India (RBI) has cut the repo rate by 175 basis points or 1.75 percentage points from 8 percent to 6.25 percent. The repo rate is the rate at which the RBI lends to banks. A lower repo reduces the banks’ borrowing costs and vice versa. So, ceteris paribus or other conditions remaining same, every repo rate cut should 115