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A minimum yearly deposit of ₹500 is required to open and maintain a PPF account. A PPF account holder can deposit a maximum of ₹1.5 lacs in his/her PPF account (including those where he is the guardian) per financial year. There must be a guardian for PPF accounts opened in the name of minor children. Parents can act as guardians in such ...
[1] [2] Other similar government savings schemes in India include: Public Provident Fund (PPF), Post Office Fixed Deposit, Post Office Recurring Deposit, etc. [3] The certificates were heavily promoted by the Indian government in the 1950s after India's independence, to collect funds for nation-building
The scheme currently provides an interest rate of 8.2% [3] (For Jan -Mar 2024 quarter) and tax benefits. The account can be opened at any India Post office or branch of authorized commercial banks. The Sukanya Samriddhi Account Rules, 2016 was rescinded on 12 December 2019 and the new Sukanya Samriddhi Account Scheme, 2019 was introduced. [4]
PPF (company), a financial group founded in the Czech Republic; Production–possibility frontier, a graph on the goods that an economy could efficiently produce with limited productive resources; Public Patent Foundation, a US non-profit organization; Public Provident Fund, a savings-cum-tax-saving instrument in India
A widely used artificial food dye could soon be outlawed. The U.S. Food and Drug Administration (FDA) is moving to ban an artificial food coloring called Red No. 3, also known as Erythrosine. The ...
As of May 2021, 19 such agreements are in place. [1] The EPFO's top decision-making body is the Central Board of Trustees (CBT), [2] [3] a statutory body established by the Employees' Provident Fund and Miscellaneous Provisions (EPF&MP) Act, 1952. [4] As of 2021, more than ₹ 15.6 lakh crore (US$209 billion) are under EPFO management. [5]
Zooey Deschanel is a fun and festive mom! The actress, 44, attended an event for The Simpsons’ latest holiday special, "O C’mon All Ye Faithful," on Friday, Dec. 13, when she was accompanied ...
Donald Trump loved to use tariffs on foreign goods during his first presidency. “There's going to be a lot more tariffs, I mean, he's pretty clear,” said Michael Stumo, the CEO of Coalition ...