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Comparing Tax-Saving FDs, PPF & NPS Returns: What Should Investors Choose

Income Tax : When it comes to tax-saving investments in India, there is no shortage of options. Among the most popular choices are the Tax-Savi...

October 12, 2023 1779 Views 0 comment Print

Public Provident Fund: A Safe & Secured Investment Guide

Income Tax : Explore Public Provident Fund's benefits, history, eligibility, tax advantages, and more. Understand why PPF is a favored investme...

August 23, 2023 1311 Views 0 comment Print

Discovering the Top Tax Saving Investment Strategies

Income Tax : Discover top tax-saving investment strategies in India, including options like PPF, life insurance, mutual funds, and mediclaim po...

July 1, 2023 3792 Views 0 comment Print

Best Tips to Save Income Tax on Salary in FY 2023-24

Income Tax : This article presents valuable tips that can assist you in saving income tax in the current financial year. From optimizing your s...

May 31, 2023 6732 Views 0 comment Print

Retirement Planning Options & Strategies: From PPF to NPS

Finance : Discover key retirement planning options and strategies, from PPF to NPS. Explore government schemes, mutual funds, bank deposits,...

April 16, 2023 2112 Views 0 comment Print


Latest News


Govt proposes single act for PPF & Govt small savings schemes

Finance : At present, premature closure of a Public Provident Fund (PPF) account is permitted on specified grounds on completion of five fin...

March 10, 2018 1707 Views 0 comment Print

Government of India makes Amendments in Small Savings Act

Finance : As per PPF Act, the PPF account can’t be closed prematurely before completion of five financial years. If depositor wants to clo...

February 14, 2018 1326 Views 1 comment Print

Reduction of 0.1% in interest rates on Small Saving schemes

Income Tax : Government has decided to effect a reduction of 0.1 percentage points in interest rates across the board in all Small Savings Sch...

March 31, 2017 759 Views 0 comment Print

Interest rate cut by 0.10% on KVP, PPF, SCSS 2004 & Sukanya Samriddhi

Finance : The interest rates of Public Provident Fund (PPF), Kisan Vikas Patra (KVP), Senior Citizens Savings Scheme, 2004 (SCSS 2004), and ...

November 30, 2016 3835 Views 0 comment Print

Interest Rates on Small Savings Schemes w.e.f. 01.07.2016 to 30.9.2016

Income Tax : On the basis of the decision of the Government, interest rates for small savings schemes are to be notified on quarterly basis. Ac...

June 20, 2016 6649 Views 0 comment Print


Latest Notifications


Public Provident Fund (Amendment) Scheme, 2023

Finance : Explore the latest amendments in the Public Provident Fund Scheme, 2019 by the Ministry of Finance. Understand changes in account ...

November 7, 2023 4875 Views 0 comment Print

Interest rates of small saving schemes for January 23 to March 23

Income Tax : Revision of interest rates for Small Savings Schemes for Q4 of 2022-23 (i.e. from 1st January, 2023 to 31st March, 2023) Interest ...

December 30, 2022 7617 Views 0 comment Print

Public Provident Fund (Amendment) Scheme, 2020- Interest Rate Notified

Finance : Public Provident Fund (Amendment) Scheme, 2020- The deposits made in the account between 12th December, 2019 to 31 st March, 2020 ...

May 5, 2020 4167 Views 0 comment Print

Public Provident Fund Scheme, 2019 | PPF Scheme, 2019

Finance : An individual may open a PPF account by making an application in Form-1. (2) An individual may also open one account on behalf of ...

December 12, 2019 50919 Views 17 comments Print

Government rescinds Public Provident Fund Scheme, 1968

Finance : Central Government hereby rescinds with immediate effect the Public Provident Fund Scheme, 1968, published vide number G.S.R. 1136...

December 12, 2019 9717 Views 6 comments Print


IDBI Bank introduces online PPF Subscription Facility

February 26, 2013 2672 Views 0 comment Print

IDBI Bank limited, a new generation PSU Bank, has successfully launched ‘Online PPF Subscription Facility’ for its customers in the month of February, 2013. The Bank had earlier got permission from Government of India for operationalising PPF transactions through Internet banking.

All about Public Provident Fund Scheme (PPF)

April 19, 2012 117606 Views 169 comments Print

Every individual desirous of subscribing to Fund under the Scheme for the first time either on his own behalf or on behalf of a minor of whom he is the guardian or on behalf of a Hindu Undivided Family of which he is a member or on behalf of an Association of persons or a Body of individuals as referred to in sub rule 2(b) of Rule 3 above shall apply to the Accounts Office in Form A, or as near thereto as possible together with the amount of initial subscription which shall be integral multiples of Rs.5

PPF Interest Rate increased to 8.80% p.a. 5 year SCSS, 2004 to 9.3% p.a.

April 3, 2012 4578 Views 0 comment Print

RBI Circular No. DGBA.CDD. No. H- 6506 The Government of India have vide their Office Memorandum (OM) No. 6-1/2011-NS.II (Pt.) dated March 26, 2012, advised the rate of interest on various small savings schemes for the financial year 2012-13. Accordingly, the rates of interest on PPF, 1968 and SCSS, 2004 for the financial year 2012-13 effective from April 01, 2012, on the basis of the interest compounding/payment built-in in the schemes, will be as under:

PPF, NSC, PO MIS & Smrall Savings Scheme Interest rate wef 1st April 2012

March 27, 2012 9040 Views 0 comment Print

Based on the decisions taken by the Government on the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), the interest rates for small saving schemes are to be notified every financial year, before 1st April of that year. Accordingly, the rate of interest on various small savings schemes for the financial year 2012-13 effective from 1.4.2012, on the basis of the interest compounding/payment built-in in the schemes, shall be as under:

Interest on all small savingSchemes are fixed except on PPF deposits

January 4, 2012 1884 Views 0 comment Print

Ministry of Finance has clarified that although the rate of interest on small savings schemes will be aligned every year with rates of Government securities of similar maturity, with suitable spread, the rates are fixed and not floating so far as individual investments except PPF are concerned. This is in response to news items appearing in certain sections of the Press that the interest rates on small saving schemes, revised by the Government w.e.f. 1.12.2011, are floating rates, which will undergo change according to fluctuations in the yield on the Government securities.

Small Savings to Fetch Better Returns

December 7, 2011 2140 Views 0 comment Print

Based on the recommendations of Committee for Comprehensive Review of National Small Savings Fund, Central Government had recently issued two notifications on 25th and 29th November, 2011 which come into force from December 1,2011. The new savings regime offer better returns than ever and compared to other investments, offer adequate post tax return and maximum security to the principal amount invested. So if one is willing to invest in fixed income instruments, better to choose one from Government’s saving plans .

Avail loan against PPF after the expiry of one year from the end of the year in which the initial subscription was made

November 26, 2011 5376 Views 0 comment Print

You can take a loan from the third year of opening your account to the sixth year.Also, the loan amount will be upto a maximum of 25% of the balance in your account at the end of the first financial year (if you opt for the loan in the third year).If you opt for a loan in the fourth year, the second year’s balance will be taken in to account and so on.

No fixed return on PPF

November 15, 2011 10387 Views 0 comment Print

Ministry of Finance, Department of Economic Affairs (Budget Division)Government has vide its office memorandum No. No. 6-1/2011-NS.II (Pt.) Dated 11th November, 2011 announced increase in interest Rates on small saving schemes which includes interest rate on Public Provident Fund and other schemes. To address the issue of asset-liability mismatch in the National Small Savings Fund (NSSF), the central government has moved towards making returns from small savings instruments benchmarked against the government securities of similar maturities.

PPF Investment to be Raised to one Lakh, KVP discontinued, Increase in interest rate of PPF, NSC, MIS, POSA

November 11, 2011 30719 Views 0 comment Print

The maturity period for Monthly Income Scheme (MIS) and National Savings Certificate (NSC) will be reduced from 6 years to 5 years.A new NSC instrument, with maturity period of 10 years, would be introduced. Kisan Vikas Patras (KVPs) will be discontinued.The annual ceiling on investment under Public Provident Fund (PPF) Scheme will be increased from Rs. 70,000 to Rs. 1 lakh.Interest on loans obtained from PPF will be increased to 2% p.a. from existing 1% p.a.Liquidity of Post Office Time Deposit (POTD) – 1, 2, 3 & 5 years – will be improved by allowing pre-mature withdrawal at a rate of interest 1% less than the time deposits of comparable maturity. For pre-mature withdrawals between 6-12 months of investment, Post Office Savings Account (POSA) rate of interest will be paid.

Interest Rates on Post office Saving Account, Deposit, RD, SCSS, MIS, NSC and PPF to increase soon

November 11, 2011 15420 Views 1 comment Print

Interest Rates on Small Savings Instruments (i) The rate of interest paid under Post Office Savings Account (POSA) will be increased from 3.5% to 4% p.a. (ii) The rate of interest on small savings schemes will be aligned with G-Sec rates of similar maturity, with a spread of 25 basis points (bps) with two exceptions. The spread on 10 year NSC (new instrument) will be 50 bps and on Senior Citizens Savings Scheme 100 bps. The interest rates for every financial year will be notified before 1st April of that year.