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Understand the profit in the calculation. Investing ₹5,00,000 for 5 years in PPF at 7.1% interest will give a fund of ₹6,63,000, while in SIP at 12% interest, you will get a fund of ₹7,65000 ...
PPF (Public Provident Fund) is a long-term investment option that provides a fixed rate of interest and returns on the amount invested. It offers a safe investment option to save taxes and earn ...
PPF vs SIP: Systematic Investment Plan (SIP) and Public Provident Fund (PPF) are two long-term investment options that help to generate a substantial corpus for future needs. Both are different ...
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 ...
The prevailing interest rate for public provident fund (PPF) is currently 7.1%, but there's a way to earn even more. Deposits made before April 5 can earn you a higher interest rate. Therefore ...
It suits individuals with a moderate to high risk appetite who are focused on long-term goals. The Public Provident Fund, or PPF, is a government-backed savings scheme designed for long-term wealth ...
You can change the investment amount based on your financial circumstances. PPF is a government-backed scheme that you can also use for portfolio diversification. Deposits up to 1.5 lakh in a year are ...