Financial Freedom

Amazon.in Widgets What Is The Public Provident Fund (PPF) Scheme? The Public Provident Fund (PPF) Scheme, 1968 is a tax-free savings opportunity that was introduced by the Ministry of Finance (MoF) in India in the year 1968. Interest earned on deposits in the PPF account is not taxable. Deposits made towards PPF accounts can be claimed as tax deductions. This makes the PPF Scheme one of the most tax efficient instruments in India. It was launched to encourage savings among Indians in general, especially to encourage them to create a retirement corpus. Since this scheme was launched to encourage savings across income classes, minimum deposit requirements are very low and affordable. They are also tax-free accounts, easily accessible, safe (being backed by the government) and simple to understand, making them a popular investment avenue for a large majority of individuals in India. PPF accounts can be opened at any nationalized, authorized bank and authorized branches / ...

Amazon.in Widgets There are various types of investment options in India which, can yield you very good gains if, you want to invest money for long or short duration. Some people are quite market savvy and hence know how to invest in but those who do not have much knowledge about the market are usually not willing to take risks. Following are few secure options that will protect your capital and give you assured returns: Public Provident Fund (PPF) : is an initiative by Govt. of India by which PPF Account holders earn regular tax free interest. The interest is paid by Government of India thus making it an attractive risk free instrument. All Indian Individuals can invest in this scheme and can earn a striking tax-free return which makes it better than the return offered by Banks on Fixed Deposits. Post Office saving schemes/ Bank Fixed Deposits : This is one of the most popular forms of investment in India. This kind of investment is usually done in a bank. You...