PPF Account: If the PPF account is inactive, then one cannot close it before the completion of the maturity period.
The interest rates of these schemes are set by the government at the start of every quarter of the financial year.
The sooner you can start investing for your next generation, the easier it is to build a big corpus for him/her.
It is better to file your tax early as it will help to have peace of mind by avoiding penalties. It will also help in getting your refund if any.
EPF and PPF are both considered as the safest, secure and guaranteed instruments for creating good retirement corpus.
Tax-saving: There are various investment schemes available in the market that offer tax exemptions.
Even if you cobbled up a decent kitty for your retirement, you have to be careful with your finances during your golden years.
Building a sizeable retirement corpus needs strict and disciplined financial planning and discipline over a long time period of time.
Post office small savings schemes offer attractive interest rate and are also considered safe and secure
Retirement goals: Early retirement needs both strict financial planning and discipline over a long time period.