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 →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 →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…
Continue reading →The government has announced premature closure norms for PPF accounts. This includes a rather harsh retrospective penalty which is illustrated in this post. The order was passed on 18th June 2016. Thanks to Basu(nivesh.com) for pointing this out. When can a PPF account be closed prematurely? In Feb. 2016, a circular said, “Premature closure of…
Continue reading →A provided fund for the general public came into being by an act of parliament in “in the nineteenth Year of the Republic of India” (1968) and has since evolved with the Indian economy. In this post, let us consider the way in which the interest rates of the public provident fund (PPF) has changed…
Continue reading →The extension rules and options available for public provident fund accounts after maturity or after completion of 15 years are discussed. The national savings institute (NSI India) has a wonderful pdf rule booklet with all notifications and clarifications since inception, and this post is entirely based on that. The aim here is to consolidate my…
Continue reading →Seven public sector enterprises will be issuing tax-free bonds this financial year. Thankfully, the interest rates of these bond will be much lower than the last issue. Thankfully because that would serve as a natural deterrent. If you are young and far away from retirement, invest your money productively instead of buying these bonds. I had…
Continue reading →RBI surprised everyone by announcing a 0.25% reduction in repo rate (from 8%) yesterday. The market welcomed this news with a sharp rise. Several self-proclaimed long-term investors welcomed their prospective notional gains as enthusiastically as they despaired at their notional losses when the markets ‘crashed’ a few days ago Here is a perspective of ‘where…
Continue reading →Use this real returns calculator to check how effective a financial instruments is in protecting the purchasing power of a lumpsum from inflation. The reserve bank of India has announced the issue of inflation linked bonds in which a lumpsum invested for 10 years will receive an interest equal to 1.5% + ‘change’ in the…
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