Public Provident Fund or PPF is a long-term savings scheme where the depositor has to stay invested for 15 years and make at least one yearly contribution to keep it active. However, many depositors don’t realise that missing the minimum deposit amount in a year will render their account inactive. Read this article to understand…
NPS or National Pension System is an effective instrument that helps in securing the future financially through smart retirement planning and save on taxes simultaneously. Irrespective of the tax regime you follow – the new or old regime, NPS can help you save taxes as per various provisions in the Income Tax Act 1961. Let…
Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a Central Government Scheme launched by the Government of India in February 2019. It aims to provide supplementary income support of Rs. 6,000 per annum per family in three equal installments of Rs. 2,000 each to all landholding farmer families in the country. The financial assistance seeks to…
With all the processes related to the Employee Provident Fund being online, UAN or Universal Account Number has become the only key to operate the online EPF portal. The introduction of UAN has made processes like PF withdrawal, checking PF balance, application for loan against PF, etc. very easy and feasible for individuals. The UAN…
हिंदी में पढ़े EPF is the main scheme managed by the Employees’ Provident Fund Organization (EPFO) under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, to provide social security cover to the members. The scheme generally covers employees of every organization in which 20 or more persons are employed. Employees enrolled under the EPF…
हिंदी में पढ़ें GPF or General Provident Fund is a savings scheme available to government employees. EPF or Employees’ Provident Fund is a savings scheme available to employees in companies with more than 20 workers. PPF or Public Provident Fund is available to everyone – whether employed, self-employed or unemployed. Criterion GPF EPF PPF Eligibility…
Public Provident Fund is a Government-backed saving scheme which also offers tax-rebate under section 80C. The interest payable on PPF account is revised and paid by the government for every quarter. For April -June Q1 FY 2025-26, the applicable interest rate is 7.1%. PPF accounts can be opened with nationalised banks, major private banks such as…
