ppf account

ITR filing FY 2025-26: Think of your documentation as evidence; the income tax department already has digital footprints of your transactions, and your job is to match them accurately.

In a significant crackdown, Bihar's Economic Offences Unit conducted raids at five sites associated with Amrendra Kumar, the sub-registrar from Supaul. The operation revealed a staggering Rs 10 crore in assets, far beyond what his official salary could justify.

When it comes to safe investment option with attractive interest rates, Public Provident Fund (PPF) is the preferred choice of many.

The Public Provident Fund (PPF) is a popular savings-cum-tax-saving investment option in India.

Public Provident Fund (PPF) offers a secure, government-backed investment option with a current interest rate of 7.1%. It matures in 15 years but can be extended in 5-year blocks. A maximum annual investment of Rs 1.5 lakh can lead to significant returns and is eligible for tax benefits under Section 80C.

Public Provident Fund (PPF) scheme is one of the popular long-term savings-cum-investment plans supported by government of India which offers safety with appealing interest rate and guaranteed returns that are completely exempted from tax. State Bank of India (SBI) operates Public Provident Fund account schemes across its branches in India. The PPF scheme was launched by the National Savings Organisation in the year 1968 to help individuals create huge savings from income over a long period of time by making small contributions.

Last week, I met an investor whose story holds a lesson for all of us. He is determined to give his child a better future even though he is a man of modest means.

Public Provident Fund is one of the most popular tax saving investment schemes in India.

Public Provident Fund (PPF) is an investment scheme offered by the government. It is highly popular with investors as it falls under the EEE (exempt-exempt-exempt) tax category. Check below for more details.

A Public Provident Fund (PPF) is one of the most common saving options, especially for the working class. For the investors who do not wish to take risks, having a PPF is one of the most appropriate saving schemes. ppf accounts have a maturity period of 15 years, which can also be extended later on. In addition to higher interest rates as compared to bank deposits, a PPF contribution earns you interest and its maturity proceeds are all tax-free.

I started a ppf account with a bank on December 26, 1989, and it matured on April 1, 2005.

Opening a ppf account is easy for any Indian resident. It involves simple documentation and can be done online or offline. The PPF offers a 15-year term with annual deposits between Rs 500 to Rs 1.5 lakh. Extending the term can grow your corpus to over Rs 1 crore.

PPF is one the most popular saving schemes which offer higher interest rates compared to bank fixed deposits (FDs) along with income tax benefits.

Public Provident Fund (PPF) is one of the most trusted long-term investment plan offered by Indian government for citizens in the country. PPF is also one the selected investments that give account holders the benefit of EEE status, which means exempt on investment, interest earned and maturity proceeds. You can open a PPF directly through a post office or via a bank.

Public Provident Fund (PPF) offers tax benefits, competitive interest rates, and flexible options upon maturity. You can choose to close the account, extend without fresh deposits, or continue with new contributions, each with specific conditions for withdrawals and interest earnings.

PPF rules 2024: The Ministry of Finance has released new guidelines for Public Provident Fund (PPF) accounts that will take effect from October 1, 2024. These changes affect ppf accounts held by minors, individuals with multiple accounts, and NRIs.

Despite the continuously decreasing interest rates, the Public Provident Fund (PPF) is still one of the most trusted investment options. In terms of income tax implications, PPF enjoys exempt, exempt, exempt status (EEE) - contribution, interest and maturity proceeds all have zero taxes.

Those who hold post office ppf accounts find it convenient to operate them from the post office closest to them. Here’s how to transfer it.

Frequently Asked Questions about Public Provident Funds for Non-Resident Indians

The Department of Post has introduced new criteria for interest calculation on the premature closure of Public Provident Fund (PPF) accounts.

To maximize benefits from PPF investments, ensure deposits are made by April 5 each year, as interest calculation is based on the minimum balance between the 5th and month's end. A timely deposit enhances returns, with tardy contributions resulting in interest loss.

The L T Marg police on Thursday arrested two men, including a clerk working in a nationalised bank, for allegedly opening another account of an individual in the same bank branch and siphoning off Rs 32.63 lakh from that individual's ppf account. The matter came to light when the account holder, Rajendra Agarwal, went to the bank and found that his ppf account had been closed and money transferred to another account.

An assistant branch manager of SBI and two others, including a Bhuleshwar businessman, have been arrested for allegedly forging documents of a dead man and claiming Rs 1.39 crore from his ppf account.

The Public Provident Fund (PPF) offers long-term assured returns and tax advantages, making it a popular investment option in India. Resident Indian individuals can open an account with annual contributions ranging from Rs. 500 to Rs. 1,50,000. The current interest rate is set at 7.1% for the July-September 2024 quarter.

PPF Interest Rate: As of the latest update for July-September 2024, the PPF interest rate stands at 7.1% per annum, compounded yearly. The interest rates for small savings plans for the quarter July- Sept 2024 are all unchanged.

The NDA government would present its Budget for 2015-16 on February 28.