Ordinarily people derive a lot of comfort from investing into PPF, and rightly so
The postal authorities assumed that Mehta was operating an individual account and accused him of trying to earn tax-free returns
The Public Provident Fund (PPF) is one of the best methods to save on taxes and enjoy other long-term benefits
Bill also proposes permitting depositor to close PPF account before five years in exigencies
Getting locked into instruments before the new regime kicks in would be a good strategy
Lenders also foresee a higher flow of savings into capital markets through mutual funds and other instruments
Move creates environment for rate cut by RBI
Government, to align small saving schemes' interest rates closer to market rates will revise it on quarterly basis