Both EPF and PPF offer higher interest rate compared to other fixed income instruments such as bank FDs
Retirement goals: Early retirement needs both careful planning and strict financial discipline
At a time when most fixed income instruments are offering negative real returns, small saving schemes are offering positive real returns
Diversification of holdings to include a greater proportion of risk-free securities that offer stable returns is the best way to plan for golden years
Public Provident Fund withdrawal rules: Complete withdrawal of PPF balance is allowed only at the time of maturity
Experts say Rs 750 investment per month is quite easy to afford, but this habit of regular investment from the beginning is difficult to achieve
Tax savings: You can buy tax savings bonds from all public sector banks such as SBI, PNB, BoB and big private banks like HDFC Bank and ICICI Bank
Money9 Helpline hosted the founder of Finscholarz, Renu Maheshwari to resolve all the queries related to early retirement
The current interest rate on the PPF is 7.1%, making it one of the government-backed high-yielding modest savings schemes
Money9 Helpline hosted the founder of Complete Circle, Kshitij Mahajan to explain how to select the right ELSS fund and resolve all related queries