Public Provident Fund

Govt's small savings collection may not exceed July BE of Rs 4.2 trillion

Shift to new tax regime, steady rates affect collections

Invest Rs 150,000 in PPF between April 1 and April 5 to maximise returns

Take into account your cash flow needs before making a lump-sum investment in this illiquid instrument

EPFO fixes 8.25% interest rate on employees' provident fund for 2023-24

Retirement fund body EPFO on Saturday fixed a three-year high interest rate of 8.25 per cent on employees' provident fund (EPF) deposits for 2023-24. In March 2023, the Employees' Provident Fund Organisation (EPFO) had increased the interest rate on EPF marginally to 8.15 per cent for 2022-23 from 8.10 per cent in 2021-22. In March 2022, EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low of 8.1 per cent for its over six crore subscribers, from 8.5 per cent in 2020-21. This was the lowest since 1977-78, when the EPF interest rate stood at 8 per cent. "The EPFO's apex decision making body Central Board of Trustees (CBT) has decided to provide 8.25 per cent rate of interest on EPF for 2023-24 at its meeting on Saturday, a source said. The 8.5 per cent interest rate on EPF deposits for 2020-21 was decided by CBT in March 2021. After the CBT's decision, the interest rate on EPF deposits for 2023-24 will be sent to Ministry of Finance for concurrence. After th

Where to invest money in India? Top 5 investment options in 2024

Are you planning to invest in 2024 to protect yourself when the world is facing a recession? If yes, here are the top 5 investment options in 2024

How to activate a dormant PPF account? Here are the steps to follow

If you have an inactive PPF account, then you will be deprived of many benefits. You have to deposit Rs 500 each year to keep it activated. Here are the steps to activate your dormant account

Continue with PPF, SCSS, SSY, term and health cover under new tax regime

Stop fresh investments in ELSS and Ulip; decision to exit post lock-in should depend on performance

Govt hikes interest rates on most small saving schemes for June quarter

The interest rate on the Public Provident Fund has yet again been kept unchanged at 7.1%

Govt hikes interest rate on NSC, senior citizen savings scheme from Jan 1

The government on Friday hiked the interest rates on small deposits -- including post office term deposits, NSC and senior citizen savings scheme -- by up to 1.1 percentage points from January 1, in line with firming interest rates in the economy. However, the interest rates on Public Provident Fund (PPF) and the girl child savings scheme Sukanya Samriddhi has not been changed. National Savings Certificate (NSC) will yield a 7 per cent interest rate from January 1, compared to 6.8 per cent at present. Similarly, the senior citizen savings scheme will give 8 per cent interest against 7.6 per cent currently. Interest rates on Post office term deposit schemes of duration 1 to 5 years will rise by up to 1.1 percentage points. The monthly income scheme too will yield 7.1 per cent interest, up from 6.7 per cent.

PPF and Sukanya Samriddhi are most attractive in small-savings basket

Senior Citizens' Savings Scheme remains a must-have for those who need regular cash flows after retirement

Post office staff swindles Rs 96 cr of public money in saving schemes: CAG

Auditor's report alleges fraudulent withdrawals, forgery, cheating in postal circles across India

West Bengal's share in small savings rises to highest since pandemic began

Maharashtra has also seen an increase in net collections in recent years

Invest by the 5th of a month to optimise return on PPF, say experts

One significant point investors must remember while investing in PPF is that they must put in the money at the right time to maximise the return they earn from it.

Early start, more equity can beat low interest rates, say analysts

Counter the cut in EPF rate with an asset-allocated retirement portfolio and using instruments like NPS

Once low-profile NSSF now a key player in Centre's finances for past 7 yrs

While govt's market borrowings have doubled from FY16 to FY22, NSSF loans to finance fiscal deficit have grown 11x

Understanding provident fund and public provident fund

Those working in the private sector don't have retirement benefits like pension. The retirement corpus they build over the years is through provident fund (PF). But what are PF and PPF? Let's find out

Your EPF account will now show taxable and non-taxable balance

Those earning high salaries should think twice before getting it restructured

Rate reversal: West Bengal contributes most to National Small Saving Fund

In 2017-18, West Bengal accounted for 15 per cent of the total contributions made to the NSSF; its share increased from 12.4 per cent in 2007-08

Govt cuts interest rates on small savings schemes effective from April 1

The rate of interest on PPF has declined from 7.1 per cent earlier to 6.4 per cent now

How NSSF could morph from a rainy-day fund into a huge burden for the govt

Costlier loans from NSSF, at 7.4% interest rate, will occupy more than 10% share in govt's outstanding public debt soon, all to give the small saver a higher interest rate than the market

Covid-19 makes small savings the prime channel for parking individual money

Collections by small savings schemes crossed Rs 1 trillion in April-September for the first time