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Tag: PPF

Drastic fall in interest rates of all Post Office Savings Schemes w.e.f 01-04-2020

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The government today announced a steep cut in the interest rates on small savings schemes for the first quarter (April to June) of FY 2020-21. Interest rates on various small savings schemes have been cut by between 70 basis points and 140 basis points (100 basis points = 1 per cent). Here is a look […]

PPF Account for Minor Child & Tax Benefit

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Many people have Public Provident Fund (PPF) accounts in their name as well as in their minor child’s name. However, holding such separate PPF accounts does not mean that you can deposit Rs 1.5 lakh in each and earn tax-free interest on both deposits. Here is why. According to PPF rule number 3, “Any individual […]

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