The following post is a sponsored post. PPF calculator refers to the simple calculator that determines interest earned on your investment in PPF account. The basic idea behind PFF calculator is compounding the interest on your investment. Although, you can exercise this method manually when you have to calculate interest for one year. But when […]
To date, I haven’t understood why some — actually many — financial experts advise you to not save-up your money in a Public Provident Fund account. Thankfully, I’m not in that camp of thought. I have always encouraged you to save the maximum allowed limit (currently Rs 100,000) each year in your PPF account. In […]
For the first six-years of my professional career, I think I paid credit-card bills in the five-figures each year! I bought huge quantities of stuff that I simply threw away later. If instead, over these early six-years, I had saved Rs 70,000 each year in the Public Provident Fund (PPF) account that my mother had […]
Reader Subrata writes-in: My Public Provident Fund (PPF) account shall complete the original term of 15-years plus an extended term of 05-years in February, 2012. But I’d like to withdraw the balance only in September, 2013 to coincide with my retirement. Will my PPF account continue to earn interest in the interim period from February, […]
I recently had the nomination on my Public Provident Fund (PPF) changed. The procedure is quite simple. (Note that the procedure that I described below is specific to State Bank of India because that’s where I have my PPF account but the procedure should be the same elsewhere too.) First, ask the Bank or Post […]
Wow! I thought my eyes were deceiving me when I read this on Wednesday morning. Increase the cap on your annual Public Provident Fund (PPF) investments from Rs 70,000 to Rs 100,000? I’d be the first person in the queue with a deposit form. I’d still be the first person in the queue even if […]
The content for this post was provided by reader Ajay who proactively noticed a mistake in the interest credited into his Public Provident Fund (PPF) account, diligently followed-up the matter, and got it corrected. Each of us needs to keep a vigilant eye on our personal finances because no one cares about your money more […]
Yeah. You read that right. I contribute fully to my Public Provident Fund (PPF) account each year. And in the very first week of April. Here’s why I do it? The contribution, interest earned, and payout are Exempt, Exempt, and Exempt (EEE) from Income Tax — and I don’t foresee this changing despite all the […]
A reader asks, Recently, there was a hike in the EPF (Employee Provident fund) interest rate. Will this rate be applicable for the PPF (Public Provident Fund) too? Please publish this question on your blog as it would clarify facts for a lot of investors like myself. The answer is NO — currently there is […]
Suppose you start at the age of 30. You save the maximum possible (currently, Rs 70,000) each year for the next 30 years. Then, [polldaddy poll=3647752]
I first read about this pension plan in the ET dated June 22, 2010. I was intrigued. Basically, Reliance Life Traditional Golden Years Plan is a regular premium retirement plan that provides guaranteed return, which is declared at the beginning of every financial year during the product term. So far so good. But, The minimum […]
N asks: I want to save for my kid’s (an year and a half old at the moment) higher education — about fifteen years away. I can set aside Rs 10,000 each month. Where should I save or invest? Here’s the investment strategy that I recommended: Rs 5,000 each month in a Public Provident Fund […]
Mithun asks, I read your research on pension plans. But what exactly do you mean by “Save each month. Compound your savings in debt instruments…???” Simple. Rather than paying an obscene premium for 30 years and making the life insurance company obscenely profitable while you receive a paltry pension, you can build a very decent […]
I’ve been working on improving a few Excel-based calculators that I have previously published. Specifically, I have improved the following calculators: The enhanced Public Provident Fund investment calculator now provides monthly calculations for a period up to twenty-five years. [Link to the original article.] The enhanced Car Loan EMI calculator now supports both Advance EMI […]
Equity is the panacea for all problems. We estimate the future cost of your daughters’ marriage in 15 years time to be Rs 96 lacs. Hence you need to start saving/investing now by handing over your money to a gamut of equity mutual funds. This is a gist of the advice given by a popular […]
If you haven’t already started on a long-term savings strategy, you could begin on one this April with a Public Provident Fund (PPF) subscription. I believe that the PPF was started by the Government of India in lieu of social security. (I doubt if a Government can ever provide social security to a billion plus […]