INVESTMENT BY SALARY & NON SALARY- Public Provident Fund ( PPF ) Rating: 8.7%(for 2013-14) PPF is the top choice as a taxpayer in the year 2014. This year PPF will earn 8.7%. 25 basis above the average benchmark yield in the previous fiscal year. Benchmark yield raised in July and mostly remained above 8.5% in the past six month. So it is reasonably to expect that the PPF would be hike margin in 2014-2015. PPF offers lots of flexibility, the maximum investment of Rupees 100000 can be made any time in the year in a lump sum or in instalment make sure the minimum investment must be rupees 500.Whenever you need the money you can withdraw after the fifth year, but withdrawal should not exceed 50% on the balance at the end of the fourth year or the immediate preceding year whichever is lower only one withdrawal is allowed in the financial year you can also take loan against PPF....
Posted on: Fri, 31 Jan 2014 07:39:26 +0000
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