Public Provident Fund (PPF) offers a secure, government-backed investment option with a current interest rate of 7.1%. It matures in 15 years but can be extended in 5-year blocks. A maximum annual investment of Rs 1.5 lakh can lead to significant returns and is eligible for tax benefits under Section 80C.
Related Posts
New RBI governor: Who is Sanjay Malhotra? Meet the Revenue Secretary who will succeed Shaktikanta Das as 26th RBI governor
Sanjay Malhotra, the Revenue Secretary, has been appointed as new Reserve Bank of India (RBI) governor by the Narendra Modi government. Malhotra will succeed Shakikanta […]
India’s coal imports increase by 11 per cent in April-August period of FY25
India’s coal imports surged by 11.4% from April to August FY25, reaching 121.1 million tonnes, compared to 108.7 MT last year. Despite higher imports, coal […]
UPI transaction limit to change from September 16! Here are the new limits for various UPI payments
Starting September 16, 2024, the National Payments Corporation of India will increase the UPI transaction limit for tax payments to Rs 5 lakh per transaction. […]