The big question about small savings schemes' interest rate cut

In such cases, one of the asset classes to consider is short-term income funds which offer 9-10 percent annualized returns. These are highly liquid funds, hence you can withdraw money anytime unlike fixed deposits which come with a fixed lock-in period.

The government on Friday reduced the interest rates on small saving schemes, including National Savings Certificates (NSCs), Public Provident Fund (PPF) and Kisan Vikas Patra (KVP), by 10 basis points.Provident Fund (PF) rates have not been reduced.The PPF ...

Loan facility in a PPF account is available from 3rd financial year of account opening. Rate of Interest for loan will be 2 per cent above the rate of interest on PPF. The facility of loan against the PPF deposits is available from 3rd to 6th year of deposit ...

Should you pick PPF, SCSS or debt mutual funds? Find out what the experts advice here

While each of these retirement planning options work for you?

Investing is an art of implementing scientific process with discipline, says Anil Chopra, Group Director, Bajaj Capital. Illustration: Uttam Ghosh/Rediff.com Investing is an art as well as a science but above all it is a process. Often saving is confused with investing and many uninformed and unaware individuals stop at savings and never take the next step of investing and keep wondering why their wealth has not grown in real terms. If you park all your funds in saving instruments like savings ...

Posted by Equitymaster As we fast approach the tax return filing deadline, there are tax-paying individuals scurrying around to file their income tax returns. While the ones who had planned their taxes earlier are relaxed, there are the others who might have ...

Posted by Equitymaster Software engineer, Puneet Upadhyay just received his Form 16. Puneet, a fresher, joined the technology firm in May last year. At that time, everything related to taxes seemed like Greek and Latin to him. As he joined, he was asked to ...

Some of the public banks showed improvement; much more still needs to be done Illustration: Uttam Ghosh/Rediff.com India's public sector banks (PSBs) have continued to lag behind their private peers when it comes to selling mutual funds (MFs) to investors. Despite having a huge branch network across the country - more than half of which are in the rural and semi-urban regions - state lenders appear not excited to do a serious MF distribution business. It is worth to note that the MF sector has ...