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  Given the rising cost of education, parents will have to start planning for their child's future education expenses from now. There are a variety of schemes going on in the market that can save for your child's education, most of which do not meet your expectations on one or more criteria. In such a situation, a PPF protection i.e. PPF Public Provident Fund Account for children can help a lot. With the current PPF rules, you can open a PPF account in the name of kids. However, the annual contribution to PPF account of you and the kid's child should not exceed Rs 1.50 lakh.   PPF account can be opened/operated in the absence of parents (parents, parents) or guardians. Only one parent can open an account. Both mother and father cannot open an account on behalf of the same kids. PPF account cannot be opened by the grandparents for the minor child until he/she is a legal guardian after the parent's death.   Where can you open an account?   Kids PPF account ...

  The best investment option for anyone, including a businessman, depends primarily on four factors - risk appetite, cash requirement, tax slabs and investment duration. Here are the 5 best investment options that can be considered by working people.   Bank fixed deposit   Bank Fixed Deposit (Bank FD) provides depositors with capital security and fixed income. The interest rate applied during the opening of an FD account remains the same during the FD period regardless of any change in the interest rates. FDs opened in scheduled banks are also covered under a deposit insurance program provided by DICGC, a subsidiary of the Reserve Bank (RBI). This insurance scheme gives financial security to the deposits in banks, under this, the bank account holder will get up to Rs 5 lakhs per FD, if the bank fails, this includes current and savings accounts. At present, some small finance banks and some private sector banks are giving 7 to 8.25 per cent on FDs.   Small...

Due to the lockdown implemented in the country due to Corona, people are facing many problems. In view of this, the government changed the last dates of several financial operations. The last date for these operations was extended until 31 July. In such a situation, if you have not done these tasks till now, then you must definitely tackle them by July 31, otherwise, you may have problems. We are telling you about these works.   In order to get a tax exemption, the Income Tax Department had extended the last date of filing ITR from 31 July to 30 November for the investment fiscal 2019-20. At the same time, to save tax, the deadline for investing under Section 80C, 80D, 80E of income tax was extended till 31 July. If you have not invested anywhere yet for tax saving, do it as soon as possible.   Submit Form 15G / 15H, Form 15G / 15H is filled to avoid TDS deducted on income tax. Due to the coronavirus lockdown, the government has extended its date to 31 July 2020. Form ...

Due to Coronavirus, the government has extended the deadline for tax-savings investment till June 30. In such a situation, if you have not invested anywhere yet, then you can take advantage of tax exemption on investing in PPF or ELSS. If you choose the old tax system, then tax rebate of up to 1.5 lakh rupees can be taken under 80C through investment in these schemes. We are telling you about both these schemes. Highlights of PPF This scheme can be opened anywhere in the bank or post office. Apart from this, it can also be transferred to any bank or any post office. If it is opened, then it can only go from 100 rupees, but then later it is necessary to deposit 500 rupees at a time. Maximum 1.5 lakh rupees can be deposited in this account every year. This scheme is for 15 years, from which it cannot be withdrawn. But it can be extended for 5-5 years after 15 years. It cannot be closed before 15 years, but after 3 years, a loan can be taken against this account. If anyon...

Lockdown has been carried out across the country to prevent coronaviruses, causing people little difficulty in doing their daily chores. To reduce this problem, the Department of Posts has decided not to take a penalty for non-deposit of the minimum amount within the stipulated period in small saving schemes including PPF. According to the India Post website, schemes like Public Provident Fund, Recurring Deposit and Sukanya Samriddhi Yojana can now have a minimum deposit of up to June 30 without penalty. According to the India Post website, there is a default fee of 1 rupee for every 100 rupees. According to the department, "Subscribers to RD / PPF / SSY account can deposit the required amount by June 30. No penalty will be charged for this. However, if you are among those who have not yet deposited the minimum amount required, then it should be noted that penalty will not be taken for 2019-20 and April 2020. However, if you do not invest in time in May, you will ...

Every three months, it is decided to reduce or increase the interest of small savings schemes run by the government. Most of the experts believed that in the last quarter itself, the rate had become low, but the government did not know why. If not done then it is done now. But this decision has been taken at a time where its noise is very low, but the beating will be very deep. Especially those who are surviving only on earning interest. There are more people in it, who either do not get a pension at all, or they do not get what they want. Many such people deposited money by saving during their jobs, opening a recurring deposit or fixed deposit. And there are many who have always kept either money in the post office account, or saved with the help of time deposit or recurring deposit. Then there is also no less number of people who have been buying National Savings Certificate or NSC for saving tax and hoping that when their earnings stop, then the income from...