The Rule of 72 gives an accurate estimation of the doubling time for investment specifically with lower interest rates rather than higher ones
These accounts give you high return as well as various tax benefits and should not be allowed to lapse
SBI Ecowrap has suggested removing the lock-in period for PPF investments. Money9 looks as the pros and cons of the suggestions
PPF is a government-backed, zero-default risk, long-term small savings scheme akin to quasi floating rate deposits with the objective to provide retir
Apart from the habit of savings that will be inculcated in your child, a PPF account opened early in life can result in big savings for the child
The best part is you can pick investments according to your risk appetite
From April 1, interest on EPF exceeding the limit of Rs 2.5 lakh in any year will be taxable during withdrawal
The low interest rate regime leaves fixed interest investors with very few choices to get inflation beating returns. If you are keen to take some cred
Pradeep Kumar is a 23-year-old IT consultant who earns Rs 50,000 per month and wants to start investing to achieve his financial goals. “I want
Apart from the savings bank interest rates in post offices, all instruments have suffered a sharp drop in interest rates over the past one decade