PPF | Pixr8 News

20Sep By Gauri SinghNo Comments

INDIA

Indian Government Hikes the Interest Rate of Small Savings Schemes

The Indian government has come up with new hikes in the interest rate on small savings schemes including public provident fund or PPF and also on Kisan Vikas Patra or KVP. The interest rate of PPF has been altered to 8% interest rate for the October to December quarter, up from 7.6% in the current quarter. On the other hand, for the KVP, the interest rate has been taken to 7.7% from 7.3% in the current quarter. This means that KVP will now mature or double in 118 months as compared to 112 months earlier. The announcement regarding the change in these interest rates was made by the finance ministry today. The interest rate on small savings schemes, which are benchmarked to yields on government bonds, are revised on a quarterly basis. With the 10-year benchmark yield now above 8%, many...

List of No Risk Investment Options in India With Good Returns

Investment Planning is a crucial step that aids in wealth growth and income generation. Most investors look for maximum returns with least risk in deciding out the "best" investment option for themselves. However, there is no such "best" investment concept that exists in reality. One can select from the numerous alternatives that are available and make it work best for them. If you want to figure out the most desirable way of investing your money, consider these factors as a priority: Financial goals - whether you are planning to meet your short/long term goals through investment? Risk horizon - How susceptible are you when it comes to taking the risk? Low, Moderate or High Risk? Investment period - Whether you want to invest for a shorter pe...

Indian Govt Permits Banks To Sell More Small Savings Schemes

In order to encourage savings, the government has allowed banks, including top three private sector lenders, to accept deposits under various small savings schemes like National Savings Certificate (NSC), recurring deposits and monthly income plan. Until now, most of the small savings schemes were sold through post offices. According to a recent government notification, banks can also sell National Savings Time Deposit Scheme 1981, National Savings (Monthly Income Account) Scheme 1987, National Savings Recurring Deposit Scheme 1981 and NSC VIII issue. As per the notification, all public sector banks and top three in the private sector -- ICICI Bank, HDFC Bank and Axis Bank -- to receive subscription from the expanded portfolios. So far, these banks were allowed to receive subsc...