Public Provident Fund

The interest rate on the Public Provident Fund has yet again been kept unchanged at 7.1%

The government on Friday hiked the interest rates on small deposits -- including post office term deposits, NSC and senior citizen savings scheme -- by up to 1.1 percentage points from January 1, in line with firming interest rates in the economy. However, the interest rates on Public Provident Fund (PPF) and the girl child savings scheme Sukanya Samriddhi has not been changed. National Savings Certificate (NSC) will yield a 7 per cent interest rate from January 1, compared to 6.8 per cent at present. Similarly, the senior citizen savings scheme will give 8 per cent interest against 7.6 per cent currently. Interest rates on Post office term deposit schemes of duration 1 to 5 years will rise by up to 1.1 percentage points. The monthly income scheme too will yield 7.1 per cent interest, up from 6.7 per cent.

Senior Citizens' Savings Scheme remains a must-have for those who need regular cash flows after retirement

Auditor's report alleges fraudulent withdrawals, forgery, cheating in postal circles across India

Maharashtra has also seen an increase in net collections in recent years

One significant point investors must remember while investing in PPF is that they must put in the money at the right time to maximise the return they earn from it.

Counter the cut in EPF rate with an asset-allocated retirement portfolio and using instruments like NPS

While govt's market borrowings have doubled from FY16 to FY22, NSSF loans to finance fiscal deficit have grown 11x

Understanding provident fund and public provident fund

Those working in the private sector don't have retirement benefits like pension. The retirement corpus they build over the years is through provident fund (PF). But what are PF and PPF? Let's find out

Those earning high salaries should think twice before getting it restructured

In 2017-18, West Bengal accounted for 15 per cent of the total contributions made to the NSSF; its share increased from 12.4 per cent in 2007-08

The rate of interest on PPF has declined from 7.1 per cent earlier to 6.4 per cent now

Costlier loans from NSSF, at 7.4% interest rate, will occupy more than 10% share in govt's outstanding public debt soon, all to give the small saver a higher interest rate than the market

Collections by small savings schemes crossed Rs 1 trillion in April-September for the first time

Gold, fixed income do well; Nifty50 stocks do not compensate for extra risk

You can invest as much as you like in these bonds, but they are subject to rate changes

Stick to solid banks and shun both credit and duration risk in debt funds

The deadline to make deposits in PPF and Sukanya Samriddhi Yojana for the financial year 2019-20 (FY20) has been extended till June 30 this year

From Centre allowing 100% rebate on PM-CARES fund, top 22 families losing Rs 22 trillion to vegetable markets coming back to life, Business Standard brings you top headlines of the day

This is because the government went for one of the steepest cuts of up to 1.4 percentage points in these interest rates to facilitate banks to lower their rates.