PPF suffers fourth biggest Interest rate fall in its history!
The 0.8% drop in PPF interest rate for April-June 2020 is the fourth biggest drop in its history! A study of historical PPF rates.
Continue reading →Category: Fixed Income
Worried about 7.1% PPF interest rate? It is higher than what it should be!
The big drop in PPF and SSY interest rates (among others) is a hard pill to swallow but here is why they are higher than they should be!
Continue reading →How an EPF corpus increased 5500 times over 30 years of employment!
A EPF corpus valued at Rs. 1300 in the financial year 1983-84 grew to an astounding Rs. 71.9 lakh in 2014-15. Power of compounding at its best. Here is what we can learn from it.
Continue reading →Govt Updates Scheme Year of All Small Savings Instruments to 2019
The Ministry of finance in a gazette notification dated 12th Dec 2019 has updated the scheme year of all small savings instrument rules to 2019. A look at what has changed and what has not.
Continue reading →Delay in EPF interest payment: Is there a loss to subscribers?
Will the delay in EPF interest payment for 2018-2019 result in a loss to subscribers? Will it affect compounding? We show that it does with some simple examples.
Continue reading →Two Crores in hand or one lakh a month pension for life Which is better?
Arjun had to choose between a two crore lump sum payout and a one lakh a month pension for life. What factors between the choices should he consider before deciding?
Continue reading →All you need to know about the India Post Mobile Banking App
India Post Mobile Banking App has been launched by the Department of Posts for Post Office Saving bank account users. Here is everything that you need to know about this app: its features, benefits and limitations
Continue reading →IPPB App Review: How to set up; Features, benefits & limitations
This a review and user guide of IPPB App or the India Post Payments Bank Mobile Banking App. How to set it up, features, benefits and limitations authored by Pratik Jain. India Post has long remained an offline bastion of the small saver. However, it has failed to keep up with internet penetration in the…
Continue reading →Why Time is Money and How Life Insurance Plans Exploit it!
Benjamin Franklin wrote in 1748 that Time is Money in a note titled “Advice to a Young Tradesman”. This can be used in multiple ways and in this post, I use it to explain an important idea known as the Time Value of Money. Shall try to follow it up with other examples in future posts. Journalist…
Continue reading →Why are PPF and Sukanya Samriddhi interest rates still so high?!
The government announced the interest rates for small saving schemes yesterday and surprising or should I say unsurprisingly, the interest rates of many schemes, especially the long-term ones like PPF and Sukanya Samriddhi are still too high! Why is the government not sticking to policy? If you are surprised by the title in spite of…
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