PPF or Public Provident Fund is Government backed Guaranteed Income scheme. It is the best secured long term investing option available. The amount invested in PPF can be claimed as deduction in the Income Tax returns and interest earned on this scheme is also tax free.
PPF can be opened in Post Offices, Nationalized banks and in some private banks. You need to fill the PPF account form and along with it you need to attest photocopies of address proof, PAN card and passport size photos.
Nowadays banks are providing option of opening PPF account via online through Netbanking or Mobile banking application which is really a time saving and easy approach.
There are some other small saving Government investments too like Sukanya Samridhi Yojana for girl child, Kisan Vikas Patra, National Savings Certificate etc, we will discuss them separately in further posts.
Mutual fund is considered to be best for anyone to start with who do not know much about the stock… Read More
Finance Minister Nirmala Sitharaman presented the Union budget of India on Feb 01st 2021. Six pillars of Indian Union Budget… Read More
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a pure term insurance scheme launched by Governament of India at a… Read More
Pradhan Mantri Suraksha Bima Yojana ( PMSBY ) is an accidental insurance scheme launched by Government of India at low… Read More
Sukanya Samriddhi Yojana (SSY) is a savings scheme launched by government exclusively for the girl child under Beti Bachao Beti… Read More
Credit score is a numerical representation of creditworthiness of an individual number ranging from 300 to 900. It is like… Read More