Also, there is no difference in the interest rate of a new PPF account vs old extended PPF account. So you may ask as to Can I open new PPF account after maturity? I would say that unless really required or you are in a special circumstance, I don’t recommend closing the existing P...
Once the contribution is made through VPF, it is treated exactly like contribution through PF – there is no difference. VPF is deposited to your existing PF account. Therefore, all rules that apply to interest rate/loan/transfer/withdrawal from EPF apply to VPF as well. When you transfer/wi...
As per income tax rules, the income of minor childrenis clubbed with the parent having a higher income. There isan exemption of Rs 1,500 per child for two children in Income Tax for the parent. So you can invest Rs 15,000 earning 10% interest on each of your child’s name and get ...