Investment in long term instruments often gives a person hefty return since the power of compounding is immense. Generally, investment above five year
Planning for your child’s future is as important as retirement planning, or something more. It is necessary that you should plan your child’s educ
The interest rate of different types of provident funds range between 7.1% and 8.5%.
Making regular deposits in a minor’s account would help create a sizeable corpus when he/she turns into an adult.
PPF is a long term, secure investment avenue which falls under 'EEE' category.
The government should leave interest rates of small savings schemes unchanged at least till the end of this financial year.
After 15 years, the account holder has to inform the post office or bank within one year whether he/she plans to continue with deposits.
According to RBI, the government should be offering 6.63 % in the current quarter after factoring in the average yield of 6.38% on G-secs
Depositors can also extend their investments indefinitely in a block of five years, after the expiry of the initial lock-in period.
Do your own research and invest in the instruments that you understand and align with your financial goals