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CHILD PPF ACCOUNT
Investing for your child's future through PPF? Here's what every parent should know before opening a PPF accountParents can open a Public Provident Fund (PPF) account for their minor children to secure their future, benefiting from compounding over th...
Do you lose your interest and deposit if you have multiple PPF accounts? Here's what the rules sayDiscovering you have two Public Provident Fund accounts can be a common oversight, but it's crucial to address. Indian regulations strictly...
5 small savings schemes offering up to 8.2% interest rate in 2026: SCSS, PPF, NSC and moreSmall savings schemes, popular for conservative investors, will retain their interest rates for the April-June 2026 quarter, offering retur...
PPF, SCSS and NSC have outperformed equity in last 2 years, but should you write off equities?Small savings schemes vs Nifty indices: While equities have shown muted returns recently, small savings schemes have offered stable returns...
Sukanya Samriddhi Yojana calculator: Can you build Rs 50 lakh corpus in SSY by investing Rs 50,000/year?Sukanya Samriddhi Yojana (SSY) offers a compelling investment avenue for girl children, currently providing an 8.2% annual interest rate. P...
₹50L, ₹75L or ₹1Cr: What is the maximum corpus you can build through the Sukanya Samriddhi Scheme? The answer might surprise youSukanya Samriddhi Yojana provides a powerful way to save for a girl child's education. This government-backed scheme offers high interest r...
Man, who retired at 45 with Rs 1 crore, explains how he runs household on just Rs 50,000 a month nowA former HR professional, Amit Chilka, retired at 45 with Rs 1 crore and a Pune flat, relocating to Dehradun. His monthly expenses signific...
PPF, SSY deposit: How much extra tax-free interest can you earn by depositing in PPF before April 5?Even under the new tax regime, investing the maximum in PPF and SSY remains beneficial as both maturity and interest are tax-exempt. Deposi...
Mother continued PPF deposits after children turned 18; Kerala High Court orders her to pay back extra interestThe Kerala High Court ruled that a mother's PPF deposits for herself and her minor children must be clubbed, upholding the forfeiture of Rs...
How to open a PPF account: Eligibility, documents, processAny Indian resident can open a PPF account. Parents or legal guardians can also open a PPF account on behalf of a minor child. NRIs are not...
Latest PPF interest rate: What is the Public Provident Fund interest rate for the October-December 2024 quarter?Latest PPF interest rate: The government revises the interest rates of all small savings schemes every quarter. Some popular post office sc...
Canara Bank customers can make PPF, Sukanya Samriddhi Yojana contributions via NEFT from any bankCanara Bank customers can now credit their Public Provident Fund and Sukanya Samriddhi Yojana accounts maintained at Canara Bank with this ...
Why all fathers' must open a PPF account for their kidsOnce your kid has become an adult and the PPF account has completed its mandatory lock-in period of 15 years, he/she can decide whether to ...
Govt relaxes norms for PPF, SSY and RD account holdersThe relaxations with respect to small savings schemes have been extended to July 31, 2020, due to on-going novel coronavirus pandemic situa...
How to open a PPF account for your minor childAn individual with a PPF account of his own and as a guardian of his child can avail a maximum deduction of Rs 1.5 lakh taking both the acc...
Investing in PPF? Here's why you should do it before 5th of the monthAccording to PPF Rules, the interest on PPF deposits is calculated on the minimum balance between the fifth and at the end of the month.
Children's Day: 3 investment options for your kid's long-term needsIf you are in a spot as to where you should invest, read on to find about the three financial products you can consider for your child's lo...
Holding a PPF account in your as well as your child's name? Know the maximum you can depositHolding such separate PPF accounts does not mean that you can deposit Rs 1.5 lakh in each and earn tax-free interest on both deposits. Here...
All about taxability of investments in minor child's nameIf you're one of those parents who think that making investments in your children's name means no tax liability, think again.
Seven tips to save income tax on investment for childrenWhile it is prudent to make investments for your child, make sure that the amount and avenue you choose do not result in a heavy tax liabil...